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Have you ever thought about rescuing a house?

According to the Empty Home stats in 2012 there were 920,000 empty houses in the UK. So how do you go about finding an empty property? Firstly you will need to keep your eyes peeled, and bear in mind that about 1 in 20 homes in the country are empty.

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Estate Agents – they probably won’t have empty houses featured in their windows, so pop in and ask if they have any available to look at.

Local Council – They will have a list of all the empty properties in their areas. Some councils divulge this information freely whereas others might not. If they refuse put a request in writing, as you have a legal right to request this information.

On-line auctions – check out auction catalogues this is a great place to start, as they often have empty homes on their books.

Land-for-sale – quite often this can have a house on it that they propose should be demolished.

Once you’ve found your property there are many other considerations you will need to consider if the property you are going to buy has planning restrictions or if it is a listed property.

• Take time to plan your budget, and then add at least 10% to the overall costs.

• Make sure you get an experienced team of architects, builders and conveyancers who can work from start to finish. Make sure you check out their credentials on-line and go and visit some of their previous work.

• Check out to see if you can get a grant to do up the property.

Finally if you need any other help such as financing your new property then give our team of IFAs a call and we will be able to give you all of the most up-to-date mortgage information available.

Issued by: Enable Independent Financial Life Planners
 25c North Street, Bishops Stortford, Herts CM23 2LD
Telephone: 01279 755950 – Fax: 01279 657339
Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority.
It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us.

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