Prop July

Prop July




Are you looking to sell at auction this year?

 Property auctions are rapidly developing into a spot where you can discover all kinds of properties – not just ‘fixer-uppers’.

 

Here's everything you need to know about selling your property at auction, including if it's a smart option and how the process works.

 

1. Locate an Auction House

 

The first stage to selling your home at auction is to find a reliable auction house.

When exploring online, you'll most likely come across two types of auctions: online and in-person auction houses.

 

They both provide the same service; one is just delivered virtually while the other is in person.

When searching for an auction house, always check (and compare) factors like company reviews, marketing techniques and costs related with the sale.

 

2. Provide Your Details

 

Prepare to answer questions like:

  • Is the property already on the market?
  • Is there a mortgage?
  • What is the ownership status?
  • The property’s condition
  • Any legal challenges you may be aware of
  • The estimated value
  • How promptly do you need the transaction to go through

3. Get Your Estimate

 

We can give you an estimated figure of how much your property could possibly sell for.

 

4. Sign the Contracts

 

If you’re pleased with the auction house and the service they give, it’s time to get ready.

 

You’ll be asked to sign the paperwork agreeing to the terms and conditions of the sale, including things like what the guide and reserve price will be.

 

5. Instruct Your Solicitor

 

You’ll need to instruct your solicitor before you put the property on the market with an auction.

 

This is because the turnaround time for an auction sale is typically very fast, so potential buyers need to check the legal pack before they bid.

 

6. Auction Takes Place

 

The auction will be held, and your home will be sold in the process.

 

The property could be taken off your hands in less than a month, depending on the amount of time your auction house gives the buyers.

 

Selling Up?

 

If you’re not sure whether selling your home at auction is a good idea, we’d love to chat!

We are your local property experts in the area and we can help talk through your selling options.



Steps to selling your home this spring

It's hard to ignore the fact that the days are growing a little longer and the temperatures are becoming a little warmer recently. With spring gradually revealing itself, now is an excellent time to sell your house, as buyers are more active in spring than at any other time of the year.  

Follow our tips to take advantage of the changing seasons to sell your home... 

 

Spring cleaning is essential 

If you want to sell your property swiftly in the coming months, you should follow the long-standing tradition of a good spring clean. Washing all the windows and doors, inside and out, will leave a positive impression on potential buyers. Make sure your home is clean and bright to reflect the fresher spring months. 

 

Don't overlook your outdoor areas 

As the weather warms up, people naturally cast a more scrutinising eye on the outdoor spaces of the properties they are interested in. It's easy to leave your garden untidy after a long winter but running the lawnmower over it and tidying up those exterior places will make your home much more appealing. 

 

Spring has sprung 

Plant flowers at your front door to welcome the changing seasons - a planter full of bright colours will put potential buyers in a good frame of mind. Buyers will be happier if there are pops of colour around the home, making them more inclined to make an offer. Fresh flowers in the house will also make a big difference and create the perfect tone, so fill a few vases and distribute them about the house for a continual wow factor. 

 

Accessorise to your heart’s content 

A few items can make a big difference in the overall presentation of your home and matching them to the season is a great way to wow potential buyers. To brighten up your rooms, choose soft spring colours - blankets, pillows, towels, and bed linens are all easy to switch out to create the perfect ambience, and you can take them with you when you sell your home. 

 

Smells like a good deal 

When it comes to selling your home, first impressions are crucial, since research shows that buyers only take 8 minutes to decide whether they want to buy a property. A fresh-smelling property makes the best first impression, so make sure you've aired it out and there are no unpleasant odours. Putting some bread in the oven and creating a homey, welcome atmosphere is a sure-fire technique to infuse your home with a pleasant and appealing smell. 

 

Keen to know more about how you can leave a lasting impression on your buyers? Get in touch today. 



Annual property price growth accelerates to 12.6%

Recent statistics show that annual house prices are continuing to grow at outstanding rates.

 

Average annual property prices rose from 11.2% in January to 12.6% in February, the strongest pace of growth since June 2021. After seven consecutive months of climbing prices, we saw a month-on-month increase of 1.7% in February, showing that the market is still very much in favour of sellers. *

 

Since the start of Nationwide’s monthly index in 1991, there has never been as big of an annual growth in prices, as there was in the year leading up to February 2022. The price of a typical home now averages above £260,000, demonstrating an increase of over £29,000 in just twelve months.

 

In comparison to February 2020, UK property prices are now 20% higher – meaning sellers can now achieve up to £44,138 more for their property than they could before the pandemic. *

 

With market activity remaining robust, demand for properties still high, and mortgage approvals running above pre-pandemic levels, it is safe to say this combination is creating a great market for sellers.

 

Have you been thinking of selling this spring? Book your valuation with us today.

 

*Property Reporter



How much value could these home improvements add?

When it comes to selling a home, it can be tempting for vendors to go ‘all out' to make their house stand out. But not every home improvement will add value. 

  

New research from a popular property portal has revealed the top three home improvements which could add significantly more value to an asking price, than the cost incurred to do the work.*  

  

Garden offices take the top spot 

Not surprisingly, the surge in post-pandemic remote workers has placed a garden office in the top spot when it comes to adding value. 

  

Research shows the average garden office costs almost £9,000 to install and will typically add 8.4% to the value of a home. Based on an average UK house price, a garden office could potentially add nearly £23,000 to the asking price, leaving a healthy profit just shy of £14,000. 

  

Good news for garage conversions 

A garage conversion follows in second place when looking at the most profitable improvements.  

  

A standard garage conversion would set you back approximately £14,500. The research suggests that with the potential to add just over £27,000 to the asking price of an average home, converting your garage could provide an easy £12,500 profit when you sell. 

  

A new kitchen is the third most profitable project 

In recent years, our kitchens have transformed from a place to prepare a meal, to somewhere we host, socialise and come together as a family. Research has shown that updating a tired kitchen before you sell your home is the third most profitable thing you could do. On average, the cost of a new kitchen comes in at £8,500, with the potential to add nearly £15,000 to the value of a typical UK home.  

  

Contact our team today for more expert advice on increasing the value of your home.  

  

Ready to sell? Book your valuation here. 

 

 

*Property Reporter 



Tips for making an offer on a property as a first-time buyer

Purchasing your first home is an exciting and potentially daunting concept. Making an offer may be especially nerve-wracking if this is your first time. Here are our tips to help you make a successful offer on your first home. 

  

Obtain a mortgage in principle 

It's a smart idea to see a mortgage broker before making an offer so they can determine your precise borrowing capacity. Following your mortgage appointment, you could be able to borrow more than you believe, allowing you to see houses that are worth far more than your initial budget. 

  

Conduct your research 

Determine the price at which comparable properties in the area have recently sold and the length of time the property you're interested in has been on the market. 

  

Utilise your strengths 

Sellers sometimes favour first-time buyers because they don't have to worry about a long chain of people. This means a shorter purchasing process and more flexibility when it comes to exchange and completion. 

  

Do not be alarmed if your first offer is rejected 

If your initial offer is reasonable, you should not be concerned if the seller declines it. Bear in mind that this is all a natural part of the negotiating process since the seller is seeking the highest possible price for the property. 

Work closely with your agent and the seller to make sure that the price is right for all parties. 

 

If you are a first-time buyer with questions about the purchasing process, contact us for support and guidance. 



EPC rules are changing, are you prepared?

Energy Performance Certificates have been mostly insignificant in the market until recently. However, it is important to know that big changes are coming, and landlords should pay extra attention.
 
How will these changes impact you as a landlord?
 
At present, a rental property must have a minimum EPC rating of an E. However, the government is seeking to revise this to a minimum grade of C for all new tenancies beginning in 2025. It also intends to require a minimum C grade for all rental properties by 2028, even those with long-term renters.
 
What are the exceptions?
 
Although there are a couple of exemptions, these are few and far between. Listed buildings and those subject to restrictive covenants that could have their appearance altered by energy efficiency improvements, are clear exceptions.
 
Several temporary homes, and those that are occupied for less than four months a year, are also not included.
 
A £3,500 rental cost cap has been put in place for landlords who are unable to improve their property to the required EPC rating. This enables them to make as many changes as possible and then register their exemption as "all improvements completed."
 
The targets may be lowered in the future, but energy will still play a big role in the rental market this year and in the future.
 
Do you have a query? No problem! Get in touch with our expert team today.



Number of homes on the market increases

The industry saw the busiest ever start to a year, and February proved to be even busier, with buyers and sellers determined to move ahead of the spring season.
 
The good news is, as valuations turn into instructions, more and more properties will come onto the market, giving buyers some fresh choice. In January, the seaside town of Bexhill-on-Sea in East Sussex, 88% more sellers put their homes on the market than in January 2021. The borough of High Peak in Derbyshire came in at a close second, with an 82% year-on-year increase in new sellers coming to the market, followed by the city of Chelmsford in Essex, with a 58% rise in new properties for sale versus the same time last year. *
 
Tim Bannister, director of a well-known property portal, advises: "The market has picked up pace and it’s a really encouraging sign to see more properties starting to come to market for sale. To put yourself in the best possible position, you should become a ‘power-buyer’ by making sure your current home is on the market, or preferably sold subject to contract first, before starting the search for your new home."
 
Find out how much your home is worth here, or get in touch today to book your free, no-obligation valuation.
 
*Property Reporter



How to add a homely touch, without risking your deposit

With spring just around the corner, you may be thinking about redecorating your rental property. Here’s how to decorate your home without making permanent changes that could put your deposit at risk.
 
You can never have too many houseplants
 
Houseplants provide a calming and relaxing feel to a home. But how can you use houseplants in a rented home? Try incorporating a ficus tree or rubber tree – they can give height to bare corners and can be placed behind a sofa. Or, you can even add a cactus to keep your home looking sharp.
 
Transform walls
 
Adding a colour of your choice to your rented home is a great way to make it feel a little more homely. Removable wallpaper is a perfect temporary wall covering that can elevate your space. There are many stylish designs available to buy, with a 'peel and stick' action that allows the paper to be removed and repositioned as often as you wish. 
 
Use multifunctional furniture
 
Multifunctional furniture can save money, space, and can also help with converting a room into different functions. Invest in smart, aesthetically pleasing furniture to adapt to your needs. If you're short on space, consider furniture that can be stacked, folded, or stored conveniently.
 
Make the most of outdoor spaces
 
As we move into spring, many of us will be spending more time outside. Whether you have a balcony, a small terrace, or a back garden, make the most of your outdoor space with a few simple touches. Outdoor rugs are a great way to make your space more comfortable, colourful, and inviting. Invest in foldable chairs or outdoor floor cushions for extra seating.
 
Looking for advice on how to make your property feel like home? Contact our team.
 



Homebuyers willing to pay more for smart homes

Smartphones and tablets have been a part of most of our lives for well over a decade — but how smart is your home?
 
Over the past two years, many of us have spent more time in our houses than ever before. Whether we are looking for entertainment, convenience, energy-saving features, or something else altogether, smart technology is becoming an essential part of home life.
 
Smart tech that helps your home stand out
 
Homebuyers of all ages and demographics are interested in smart homes. If you are thinking of selling your home, smart technology is a great way to ensure it stands out from the competition and achieves a maximum asking price.
 
A recent survey by a popular price comparison site suggests that smart security cameras are at the top of people’s wish lists, with 41% of people saying it is the device they want most in their home.*
 
Security and convenience are key drivers
 
In the same survey, a smart doorbell came in second place, taking the top spot for 35% of respondents. People welcome the security a smart doorbell offers, as well as the convenience of being able to direct deliveries to the right place.
 
Using tech to strengthen green credentials
 
By installing smart devices around your home, you’re not only appealing to the tech-savvy but also the eco-conscious homebuyer. A smart thermostat was cited in the research as being the third most popular piece of smart technology. Not only is it convenient to be able to control your heating from an app on your phone, but a smart thermostat also has the wider benefit of helping homeowners save money on energy bills.
 
Selling homes with smart kitchens
 
We are seeing an increasing interest in smart technology for the kitchen. Google searches for smart dishwashers, ovens, fridges, and washing machines have all significantly increased over the past few years and, although overall sales volumes remain small, at the start of this year an online DIY news site reported a huge 257% year-on-year growth for small smart kitchen appliances.*
 
When it comes to selling your home, there are many ways smart home technology can be worth the investment. Talk to our team to find out which smart features are most popular amongst homebuyers in your local area.
 
*Property Reporter



Now could be a great time to become a first-time landlord

If you have ever considered building a property portfolio as a landlord, now could be a great time to start your journey.  

Information from a market-leading property portal indicates rents have risen at the fastest rate on record, and tenant demand has almost doubled. At a time when interest rates on traditional savings accounts are low, many believe it is a good time to invest in the property market. * 

Lenders are evidently committed to supporting prospective landlords. A recent report from a popular money comparison site revealed there are currently 2,235 mortgage products on offer to first-time landlords, an increase of more than 70% than the same time last year.  

A huge 64% of available buy-to-let mortgage products are catering to first-time investors and rates are attractive, allowing landlords to protect themselves against future rate rises by locking into a good deal with a fixed-rate mortgage. The average two-year fixed rate mortgage for a first-time landlord is currently 3.19%, rising to 3.47% for a five-year fixed product.  

If you would like to explore buy-to-let properties and mortgage products which could lay the foundations for your property portfolio, call us today and talk to one of our team members. 

*Property Reporter 



Two insurance questions renters should ask their landlord

When you have signed on the dotted line of a new tenancy agreement and paid your first month’s rent it can be tempting to avoid spending any additional money. 

Although insurance policies can often feel like pouring funds down the drain, it is important to ensure you protect yourself. 

Before you commit to a landlord, there are two main questions to consider: 

What insurance does my landlord have in place?  

Before signing your tenancy agreement, ask the agent which types of insurance policies the landlord holds. At a minimum, a landlord should always have buildings insurance. It is worth asking if the buildings insurance policy includes alternative accommodation cover, as this would give you somewhere to stay if your home became uninhabitable following an event like a fire or flood.  

Typically, a landlord will also insure the contents of the property you are moving into. Ask what is covered by their contents insurance policy, such as furniture, carpets, curtains and other fixtures and fittings.   

What is the best type of tenants’ insurance for me?  

Many tenants are unaware that, in most cases, their belongings are not covered by their landlord’s insurance. 

Tenants will need their own insurance to protect their belongings against situations like a fire, flood, water damage or burglary, for example. Exactly which items are covered by tenants’ insurance will vary from one policy to another but, typically, you will be protecting the value of personal possessions like clothes, jewellery, furniture, electrical items, replacement locks following theft or loss of keys, cash stolen from your home and bicycles whilst on the premises.  

If you are an existing tenant or you are thinking about renting, contact us for more information. 



Room upgrades to increase your home's value

Most people naturally think of major, expensive projects like a conservatory or an extra bedroom when it comes to increasing the value of their property. 

While this will likely increase the value of your home, in some circumstances, repurposing an existing room rather than building a new one can be far more cost-effective. 

 

Incorporate a kitchen island 

A kitchen island might be worth its weight in gold if you have the space for one. It will not only provide more seating but also additional storage space for pots, pans, and appliances. You can never have enough cupboard space! 

 

Include an en-suite bathroom 

Even though en-suite bathrooms are more common than they used to be, they still have a sense of exclusivity. Even though they are one of the most expensive renovations, they may be a highly valuable investment when it comes to selling your home. 

  

Include a walk-in wardrobe 

If you have sufficient space, a walk-in wardrobe is a great way to add value to your main bedroom. It also gives your home a sense of elegance and individuality, which can help it stand out when it’s time to sell. 

  

A loft conversion 

This is likely the most expensive option on the list, but it could provide your home with the largest value bump. Repurposing an existing space to make it more useful will certainly increase the value of your home and converting the attic to make an extra room is a great example of this. 

  

For more help on increasing your home’s value, contact our team. 



The secrets to finding your ideal home this spring

Purchasing a property is an exciting experience and is the single largest purchase most people will ever make. Finding the perfect home can be a difficult task, so before you begin, consider these four things:
 
Select your location
Only begin searching for a new home once you have determined a selection of locations you are interested in living in. It is important to consider council tax charges, proximity to amenities and schools, available property types, and available transport links.
 
Compile a must-have checklist
Create a list of all the features that are a must, followed by all the features that would be nice, but are not essential. When looking for a house, you can then ensure that everything on your 'must-have' list is ticked off and that everything on your 'nice-to-have' list is a bonus. When it comes to comparing homes, you can see which ones check the most boxes to help you make a final decision.
 
Consider your future needs
To prepare for the long term, consider choosing a property that will support your growth. Is there enough space? Is there a garden? Are there any improvements you could make, such as converting undeveloped space? These are the kinds of factors to examine.
 
Look at all costs
Of course, finding a property within your budget is important, but you should also factor in other expenses, including house improvements. If you find a property that you believe would be great with a few tweaks, consider the financial implications of those changes. While some may be minor, such as wallpaper or paint colour, others, such as replacing the flooring or reconfiguring the kitchen layout, could be rather costly.
 
For more assistance in locating your ideal house, you can get in touch with us here. We look forward to helping you find your dream home.
 



What happens once your offer has been accepted?

Maybe you have discovered the home of your dreams and your offer has been accepted? Or, maybe you are intrigued to know what will happen when you reach this stage?
 
To get things moving, here are four things you should do after your offer has been accepted:
 
Confirmation of acceptance
 
Once your offer is accepted, your estate agent will almost certainly contact you to congratulate you, and they will likely want to confirm a few details with you, to finalise the offer.
 
Generally, you will be expected to send confirmation for the following:
 
• You have enough funds to make the purchase
• A copy of your mortgage agreement in principle
• You have a solicitor or are actively attempting to obtain one
 
Get in touch with your solicitor
 
Instructing your solicitor as soon as possible is likely to assist in speeding up your purchase. If you have not already found a solicitor, request a recommendation from your estate agent.
 
At this point, your solicitor will begin conducting property checks and searches. Depending on the solicitor, they may require payment in advance for some services.
 
Completion of your mortgage application
 
You will need to submit a full application for your mortgage once your offer has been accepted, to apply for the specific amount of money you need to purchase the house.
 
If you are working with a mortgage professional, they will walk you through this procedure and inform you of the information you will need to provide.
 
Arrange a property survey
 
While surveys are not mandatory when purchasing a new house, they are a wise investment. Surveys can assist you in determining any present or prospective difficulties with the property. To arrange a survey, ask your estate agent to schedule a time with the sellers.
 
If you're still on the lookout for a new property, we may have what you need!
 
Check out our listings here or contact us with your needs for a home so we can help you find the right one.
 



Three simple ways to speed up your sale

When it comes to selling a property, the small details can make all the difference. While it's easy to spend a lot of money staging your property for showings, you don't have to do so to make it look new.
 
You can make your home look more appealing to buyers and be on the right track to a faster sale by showcasing the features your property already has, and doing a few simple things to brighten up the overall appearance.
 
 
Make the most of natural light
 
One of the nicest features a home can have is natural light.
 
Make sure your window ledges are clear and your curtains are fully open when viewings are scheduled. If you have the time, clean your windows as well.
 
These changes may seem small, but they can make a big difference.
 
 
Vacuum rugs and upholstery
 
Give your rugs, upholstery, and sofa cushions a good cleaning if you want your home to look brighter.
 
These items can become dirty over time, even if you do not notice it. You can make your room look brand new with a fast clean of the necessities. Plus, when buyers walk in, your place will smell amazing!
 
 
Repaint walls
 
One of the first things potential buyers will notice is the walls. The rooms in your home can easily appear larger and cleaner by using a bright, neutral colour.
 
If you are limited on time, use a magic eraser to wipe the walls clean. Dirt and imperfections can be completely removed with a few quick scrubs!
 
 
Thinking of selling your home? Contact our team today or get your valuation here.
 



Could your rental property deliver a higher yield in 2022?

According to recent data, the combination of high tenant demand and low numbers of available properties has caused average UK rents to rise at the fastest rate ever recorded. *
 
Rental demand has been reported as 32% higher, while the number of available rental properties is 51% lower than this time last year.
 
Flats have seen the highest increase in competition compared to last year (+132%), followed by terraced houses (+40%) and semi-detached homes (+30%).
 
Data collected from a popular property portal suggests that the average rental yield across the UK is now 5.5%, which is the highest since 2016. Industry experts are hopeful that rents will increase further this year, with a well-known portal director explaining, "Tenant demand continues to be high entering the new year, meaning the imbalance between supply and demand is set to continue until there is more property choice for tenants, which has led to our prediction of a further 5% increase in average asking rents in 2022."
 
To find out if you could increase the rental income from your property, get in touch today to book a free lettings valuation.
 
*Rightmove
 



One in five could be looking to buy this year

If you’re thinking of selling your home, you’ll be pleased to know that home buyer demand was reportedly up 35% at the end of January, compared to the same time last year. *
 
According to figures published on the Property Reporter website, in February, an independent survey of over 2,000 adults in the UK found that 18% intend to purchase a new home this year, increasing to 34% when looking specifically at respondents aged 18-34. *
 
The pandemic has influenced the features people look for when home hunting. The move to remote working means 43% of those who said in the survey that they were planning to buy a property this year, will be looking to buy in a different area to where they currently live, and the ongoing ‘race for space’ means competition remains high for homes with gardens and home offices. *
 
If you’re thinking of listing your home for sale while demand is high, get in touch today for a free, no-obligation valuation.
 
*Property Reporter
 



EXCLUSIVE FROM iDADA: Styling your rental property on a budget

Houses and apartments intended for the rental market are, intended to appeal to the broadest possible audience, to rent quickly for the owner. It may therefore be challenging to think of ways to personalise your newly rented property to ensure that it feels like your home.
 
This inspirational iDADA guide works with you to show you how you can achieve a comfortable, stylish and highly personal home.
 
Colour
 
Colour is such an intensely personal expression of your design character. In general, lighter colours reflect light, are easy to live with and show off the architecture of a home beautifully.
 
That said, within the palette of neutrals and whites, if used in combination, there is no need for your interior to ever be bland. Think about what features you want to emphasise and which ones you would rather have fade into the background. As always and particularly regarding the use of colour, ensure that your landlord or letting agents are happy for you to proceed.
 
 
Display
 
A room without any display of personal life such as photographs, drawings, mementos, objects and such like, can feel a little ‘soul-less’ rather like a long stay in a hotel – enjoyable but not ‘home’. Remember that you are in a rental property and cannot just bang holes in the wall!
 
 
Kitchens and bathrooms
 
In a rental property, the kitchen and bathroom are the most challenging rooms to personalise due to their ‘fitted-ness’. However, some things are achievable, effective and cost-efficient.
 
Just follow the golden rule... Don’t, Move, Anything, Major!
 
By that I mean don’t even think of moving any pipework, toilets, sinks, baths, washbasins, shower inflow and outlets (a new shower head though is easily achievable) and don’t move any electrics and certainly not by yourself. Electricity and water do not mix!
 
Ask your landlord if, for example, you wish to move a heated towel rail and, even better, ask him for the number of his trusted tradesmen.
 
 
Soft furnishings
 
‘Soft’ furnishings are the textiles that can add personality, warmth, colour, texture and a transformation in the acoustics of a room, softening and dampening sounds and adding a layer of sensory comfort.
 
They are perfect for adding personality to a rental home and, of course, can all be taken with you when you move, to be redistributed throughout your new home. Without any soft furnishings at all, a room can be quite uncomfortable, as anyone who has eaten on a tiled-floored, hard-seated, bare-windowed restaurant can testify. As one disgruntled diner put it: “The noise dear, The noise!”.
 
 
 



EXCLUSIVE FROM iDADA: Spring Cleaning


Introduction 

The concept of Spring Cleaning (in the United Kingdom) evolved during the 1800s out of the necessity to keep the house warm in Winter. March and April became recognised as the ‘perfect’ months in which to thoroughly clean the house by washing walls and paintwork, beating carpets and textiles, polishing furniture, and scrubbing floors. This was because the weather was warm enough to open doors and windows but not yet warm enough to encourage insects such as flies in from the outside. 

Nowadays of course, deep cleaning your home also provides an opportunity to change the weight of curtains - to perhaps cotton or linen - and to simplify window treatments that seemed cosy in the winter but now feel rather heavy. 

 

 

Spring Cleaning 

When planning a thorough clean of your home, whatever the scale, it is extremely helpful to walk through the space armed with a notebook and camera (phone) and survey the room, not in terms of measurement, but noting and recording with a view to cleaning and repairing. This is not the time to think ‘Oh it’ll do’, ‘It’s fine’ or, even worse, ‘No-one will notice’. This isn’t about other people’s reactions. 

 

 

Preparation Checklist  

Do you have all your materials such as:  

» Mops  

» Microfibre cloths  

» Sponges  

» Household rubber gloves  

» Bags and bin liners Do you have all your products such as:  

» Bleach (use very sparingly)  

» Toilet/floor cleaner 

» Specialist cleaning products such as oven cleaner. 

Once you have all the tools, it’s time to prepare for your spring clean. 

 

 

Clear the Decks 

This is an extremely important stage of the spring cleaning process and emotionally may be the most difficult. Beginning with the bedroom, go through every single drawer and cupboard in the entire house placing each item into one of four boxes: things to keep; things to wash and keep; things to donate to the charity shop and things to throw away either in the recycling bin or the local tip.  

Clear shelves, empty drawers and cupboards and fill the bins; clean each item before placing into the bin (wrapped in tissue if required) as you work through each room. 

 

 

As you move through each room, consider the following: 

» Open the windows.  

» Wash the curtains or have professionally cleaned.  

» Dust and clean any other furniture.  

» Dust art and decorative objects.  

» Wash windows and windowsills. 

» Wash walls if required.  

» Vacuum, sweep and wash floors. 

 

Is your property clean and ready for a viewing? Contact us today. 



 



In a bid to combat climate change and reduce pressure on strained energy supplies, the government has recently announced new proposals on EPC ratings. The changes will require landlords to increase the energy efficiency of their properties to a C or above.
 
Improvements must be made by 2025 for new tenancies, or 2028 for existing tenancies. As a recent survey showed, 68% of landlords currently own rentals with D or below EPC ratings, which means most will need to act soon to avoid problems down the line.*
 
While increasing the energy efficiency of your properties can be a costly exercise, it’s also an opportunity to raise the value of your rentals and reduce bills for tenants. This, in turn, will make your lets more attractive to tenants, especially at a time of rising energy prices.
 
In addition, landlords looking to expand their portfolios may consider buying less efficient homes to upgrade the EPC rating and turn over a profit. If you own a property rated C or above, now is a great time to think about letting it.
 
However you intend to respond to the upcoming changes, we’re happy to discuss your options going forward.
 
Contact our team to discuss this further, or to arrange a lettings valuation.
 
*Landbay
 



The UK saw a 1.6% increase in property prices during April

Data released by a well-known property portal shows that the average property price rose by £5,537 in April alone. Compared to figures recorded three months ago, the typical UK property is now worth a whopping £19,082 more, pushing the average house price up to £360,101. * 
 
The current scarcity of properties continues to be the main driving force behind the steep increase in property prices.
 
What does this mean for you as a seller?
 
Despite more properties coming to the market, the demand for homes still outweighs supply. At present, sellers are successfully finding buyers twice as quickly as at the same time in 2019, and once a buyer has been found, homeowners are achieving top prices for their property.

In fact, statistics show that you could achieve up to 1.6% more for your home than one month ago.

If you do not yet have an up-to-date valuation, now is the time to get yours! Request your professional property valuation here.

 

*Rightmove 

 



Demand for chain-free homes rises

New figures have revealed that, in the past year, the number of chain-free properties sold has increased by a huge 29%. * 

A total of £28.8 billion was spent on chain-free purchases in the last 12 months. This is £8.7 billion, or 43% higher than the previous year and is reflected across every region, with increases in both the quantity and value of transactions. * 

It is easy to see the appeal of a chain-free purchase. The key benefit is that there is a much smaller chance of a sale being delayed or falling through. Statistics indicate that a chain-free transaction takes, on average, 60% less time to complete than when a property is in a chain. * 

The great news for sellers is that it seems homebuyers may be willing to pay a premium for a house that is not part of a chain.  

If you are thinking of selling your home, now is a great time to get a valuation. Book a valuation today. 

 

*Property Reporter 



Homes are selling faster than ever before

With demand for homes still outstripping supply, sellers can be confident they will find a buyer quicker than ever before. * 

On average, properties are spending just 33 days on the open market, compared to 2019 when the average time on the market stood at 67 days. As well as this, the huge decline in sale time means that 53% of property sales are now being agreed at a figure above the asking price, as buyers bid higher to secure their ideal home. * 

The large number of buyers continues to create a competitive market, ideal for sellers. Over 125,000 prospective homeowners took to the market in April to take advantage of the great seller’s market. *  

If you are looking for a quick sale of your property, start by booking a free property valuation here. 

 

*Rightmove 



Avoid making these mistakes when selling your home

Selling your home can be a daunting process, from the valuation to the exchanging of contracts. If you are selling your property for the first time, you will want to avoid these mistakes. * 

 

Avoid unflattering photos 

With many potential buyers looking for homes online, it is incredibly important to make sure your house looks its best when the photographer arrives.  

Ensure all clutter is packed away and all spaces have been thoroughly cleaned to ensure that viewers can focus on the house. 

You will want to showcase your property’s best attributes to make it stand out from the crowd. Make good use of natural light to create the best possible first impression. 

 

Problems inside your home 

If there are any problems with the property, they will be uncovered during the inspection process. Therefore, you are left with two options: 

  • Fix the problem ahead of time. This will allow you to acquire your property’s full value. 
  • Price your home accordingly, taking the problem into account. 

We would always recommend discussing any known issues with your appointed estate agent. This way, you can ensure that you are making the right decision! 

 

Not thoroughly preparing for viewings

Failing to prepare your property for viewings could put buyers off purchasing your home. You want the viewer to imagine themselves living in the house. This means tidying up before viewings, eliminating unpleasant odours, and keeping a neutral tone in your house.  

 

Of course, one of the most important steps is picking the right estate agent. If you have any questions when preparing your home for sale, do not hesitate to contact us. 

 

*Investopedia 



A handy guide to easing stress when buying a home

Securing your ideal home is a very exciting event, and potentially one of the biggest financial investments you will ever make.  

 

As competition in the property market remains high, you may feel slightly more stressed than usual when it comes to buying your next home. However, do not be alarmed! We have four tips to help you ease the stress of your next home move. 

 

No matter what the question is, ask it 

As we have said, buying a home is a huge commitment, so you want to be sure you are happy with all the details, no matter how small they seem. If you happen to find something confusing or alarming, speak to your estate agent about the matter. They will be able to advise you or offer direction on who to contact about your query. 

 

Discuss additional costs that could be incurred 

A mortgage deposit might not be the only upfront cost you need to save for. Throughout the buying process, you may encounter fees for surveys, stamp duty (depending on your buying position), and solicitors. So, it is a wise idea to set aside a “buffer fund” to cover these costs as they arise throughout the process. By preparing your finances, you can be comfortable knowing you are ready for anything. 

 

Take a break 

House hunting can be a time-consuming and possibly emotionally draining experience. If the process begins to feel overwhelming, we advise you to take your foot off the gas and have a break for a few days. When you come back to your search, you will be refreshed and recharged, with a fresh set of eyes! 

 

Trust your agent 

Make the most of your estate agent’s services by letting them know about your requirements. This means that even when you are not actively hunting, you are not missing out on any ideal homes that may come on the market. 

 

Are you in the process of searching for your next home? Our expert team of professional agents are here to help you every step of the way. Get in touch today. 



Looking for a property with a lot of potential?

When flipping a house, it’s important to ensure that the renovations you are making will add a substantial amount of value to the property, in order to make it worthwhile. Investing in a renovation project typically works best when buyer demand is high, as it is right now.  

If you are actively searching for a renovation project or looking to flip your first home, you are in the right place. Our expert team has three questions that can help you spot a property with a lot of potential to add value. 

 

Does the property offer space for conversion? 

A decent-sized loft or basement is something that you should keep an eye out for. These empty spaces offer the opportunity to add another bedroom, bathroom, or living area, making the property more spacious and, in turn, more attractive to buyers when it comes to selling in the future.  

 

Can the layout be improved with a few tweaks? 

Try not to dismiss properties that are very segmented in their layout. Often, homes with very separate rooms can easily be transformed into an open-plan wonderland. Keep a close eye out for properties where there is a small kitchen next to a large dining room that could be knocked through, or a bathroom next to the main bedroom that could be transformed into an ensuite. 

 

Could energy-saving devices improve the property’s EPC rating? 

It is important to not disregard properties that currently have a low EPC rating. In fact, there is a lot of scope to add value, and following Rishi Sunak’s Spring Statement in March, adding energy-saving devices to a property has never been easier. Now that VAT has been scrapped on a range of devices, making energy improvements to a property may be less costly than you initially thought.  

 

Wherever you are on your buying journey, our experts are here to help you. Contact us with your property related queries here. 



Off-plan purchases are to become more popular in 2022

The National Association of Property Buyers has predicted that in 2022, over 47% of new-build properties are likely to be sold off-plan.  

 

Buying off-plan means buying a house or flat before it has been built. With early-bird discounts, it can be an easy way to save a bit of money and, as house prices continue to climb, by the time you move in, it may be worth more than you paid. 

 

After thousands of home buyers have endured high levels of financial uncertainty over the past two years, it is easy to see the appeal of paying a fixed price when buying off-plan. Many buyers will also be eligible for the First Homes Scheme and/or a Help to Buy equity loan.  

 

With a shortage of properties coming to the market, committing to a new-build off-plan can be a good way to secure the home you want. It can also enable you to snap up a new development’s best plot and, potentially, enjoy the luxury of choosing your preferred colour schemes, fixtures, and fittings.  

 

Buying off-plan comes with a formal agreement, meaning the risk of a purchase falling through is very low. It is also much less likely to be affected by a chain and may offer the opportunity to part-exchange your existing home, eliminating the need to put your own house on the market.  

 

Are you thinking of buying in 2022? Get in touch to discuss the benefits of buying off-plan. 



18% more green mortgages are now available

Green mortgage popularity is evidently on the rise as we all do our bit to make the world an eco-friendlier place. In the current market, there are a total of 648 green mortgages available, compared to October 2021, when just 550 were available. * 

 

What is a “green mortgage”? 

This type of mortgage allows homeowners to benefit from preferential terms when purchasing a property that meets certain requirements. Often, these mortgages are available on new-build homes with high EPC ratings.

 

However, if you have made energy-saving improvements to your home or renovated your property, you may be eligible on the basis that your new EPC rating is an A or B. It is important to note that some lenders will offer green mortgages on properties with an EPC rating of C.  

 

Could you be eligible for a green mortgage? 

The easiest way to find out whether a green mortgage is suitable for you, is to discuss your mortgage with an expert. They will be able to advise you on which products are available, and help you outline the next steps.   

 

Are you looking for further advice? Get in touch with our expert property team today. 

 

*Property Reporter 



What will the UK’s private rental sector look like ten years from now?

A recent report examined how the private rental sector might develop in the years to come. *

 

The findings, based on a survey of 1,376 adults in rented accommodation, offer some interesting food for thought, for landlords who might be thinking about future-proofing their investments. 

 

One of the key insights from the report is that the private rented sector needs to adapt to an increasingly mature tenant population, with the age of tenants set to increase over the coming years. The report predicts: “The typical renter of the future will look different from today’s. We need to revisit our preconceptions about renting being the preserve of young, mobile households. Mature tenants have different needs and preferences.” *

 

Over a third of households in the private rented sector currently accommodate somebody aged 45 or over. The report shows that three in five tenants aged between 35 and 54, expect to be renting privately in 15 years’ time. By 2035, it is predicted that this demographic will make up at least half of rented households.  

 

For landlords, this means considering the priorities of more mature tenants. Longer tenancy agreements and unfurnished homes are typically preferred by mature renters, who will often opt for a ground-floor property near to local transport links and basic amenities, such as shops and health services. Established tenants are also more likely to look for pet-friendly accommodation and the freedom to make basic cosmetic changes, such as redecorating. 

 

If you are thinking of letting your property, contact us for a no-obligation valuation.  

 

*Social Market Foundation



How landlords can make use of PDR to boost earnings

In 2021, legislation introduced a new ‘Permitted Development Right’ (PDR). The new PDR has opened a range of new opportunities for investors who want to convert and refurbish a property, either to let it out or sell it for profit. Simply achieving planning permission through PDR is an opportunity for profit, reportedly offering a value increase of up to 30%. *

 

Permitted development rights are rights to make certain changes to a building without the need to apply for planning permission. They derive from general planning permission granted by Parliament rather than the local planning authority. Unlike applying for planning permission, which can be an uncertain and lengthy process, permitted development rights can provide a straightforward right to development, if predefined criteria are met. This means that approval can often be achieved in less than two months.  

 

PDR offers the potential for hundreds of Class E premises to be given approval for a change of use into Class C3 and Class C4 dwelling-houses and HMOs. Class E includes commercial and service-use premises in town centres, such as offices, shops, cafés, restaurants, surgeries, nurseries, and indoor gyms. 

 

To qualify for PDR, the property must have been in use under one of the use classes captured by Class E, for at least two years prior to the submission of the approval application. It must also have been vacant for three months.

 

If you are thinking of expanding your property portfolio, contact us for a no-obligation valuation. 

 

*Property Reporter  



New 'RighttoRent' legislation you need to know about

Last month, changes were made to how some aspects of Right to Rent checks are completed in England. 
 

Since 2014, anyone letting a property in the UK has been obliged to complete a Right to Rent check every time they take on a new tenant. As part of the changes to Right to Rent checks, landlords in England are no longer allowed to accept physical biometric residence cards and permits, nor Frontier Worker permits. All holders of these cards and permits in England will have to verify their identity using an online service operated by the Home Office. 

 

There are legal implications for anyone who does not follow the new laws. It is illegal for landlords to only check people that they think are not British citizens; the government states that potential tenants should not be discriminated against based on speculation about where they are from. 

 

For now, this change is limited to tenancies in England. For the rest of the UK and Northern Ireland, the Home Office will require tenants to register with a certified identity service provider (IDSP), which will use identity document validation technology (IDVT) to share checks with agents and landlords. 

 

If you are a tenant or landlord looking for answers, get in touch and we will help wherever we can. 



Are you asking the right questions when viewing a rental property?

When renting a property, it is crucial that you have all the facts to make an informed decision before signing on the dotted line. Our expert lettings team has compiled a list of things that you should think about before securing your rental property this May.  

 

Are you confident about what is included in the price? 

Before committing to a property, be sure to check the expected deposit, the monthly rent cost, and whether any bills or utilities are included in the price.  

 

Is the landlord happy for you to put your own stamp on the property? 

If you view a property that ticks all the boxes in terms of location and space, but the décor is not quite to your taste, it is worth discussing decorating with your landlord. When adding your personal touch, you may want to hang pictures and paint the walls, so it is important to ensure that you have your landlord’s permission before you make any changes. They may have just refreshed the property and want to keep the décor as it is.  

 

Does the property offer any parking? 

Although this may not be the first question you ask, it is an important one. If you own a vehicle, make sure you discuss parking arrangements with the landlord or agent during the viewing. It is worth asking if you have an allocated space, need a permit, or can park in the garage. In some cases, the landlord may be using the garage for their own personal use! 

 

Where should you turn if there is an issue? 

In some instances, the landlord will instruct the agent to manage the property for them. During your viewing, it will be worthwhile to confirm who will be dealing with any queries that you may have in the future. 

 

On the hunt for a rental property? Browse our properties or get in touch with our property experts through our website. 



Tips to get your home ready for summer

As the warmer weather approaches, the days get longer and the skies are brighter, it’s the perfect time to get your home ready for the summer. Take a look below at three easy ways you can enhance the appearance of your property. 

 

Spruce up the garden 

It can be difficult to maintain your garden during the winter months, but there are no excuses once spring and summer arrive. 

Simply mowing the lawn and tidying up the trees will make your garden feel much more spacious and ready for that first BBQ.  

For those warm summer evenings, consider getting some solar lights or fairy lights to give your garden a cosy feel. You can also purchase some blankets and pillows to make your garden furniture look exceptionally cosy! 

 

Give your home a fresh coat of paint 

A fresh coat of paint could be just what is needed if the walls in your home are looking a bit tired. 

Adding a pop of colour is the perfect way to create a summery feel. Otherwise, neutral colours such as magnolia and light grey will make your rooms look bigger and brighter. 

 

Adding to the exterior 

Adding decking or an outdoor sitting area can give your property an inviting feel for garden gatherings. Creating zones in your garden can also give the illusion of extra room and create pleasant dividers between spaces. 

 

If you are looking for more advice on how to get your home in shape for summer, contact our team today. 



How to make the most of a galley kitchen

A galley kitchen is built for functionality; everything you need is within arm’s reach, and a meal can be prepared without much running about. However, it’s common for galley kitchens to lack space. 

Read on to find out how to make the most of a galley kitchen.  

 

Layout options 

If you have the space for it, a small island is a great addition to a kitchen area - plus, you can never have too much storage room! If you do not have enough space for an island, a pull-out prep space is a great solution that can neatly fold away once you have finished. 

 

Can storage be maximised? 

Smart storage units are a great investment to maximise the available storage space. While taller units provide more storage, they can give the feeling of being crowded. Waist-height storage units create a roomy feel with the ability to easily view the contents. 

 

Save space 

Make the most of the space you have and try to save as much as possible. Sliding doors that slip into slots in the wall are a great way to start saving space. Pull-out draws are also an effective and easy-to-use storage solution compared to cupboards. 

 

Are you looking for a new home with more kitchen space? If so, start by contacting our team today. 

 

*County Life 



Interior trends to help maximise your sleep quality

Sleeping is essential to allow your body and mind to recharge, leaving you refreshed and ready for the day ahead. To enhance the quality of your sleep, why not try these home interior improvements? 

 

Minimalism 

Having a minimalist room does not have to include stripping your bedroom down to the essentials. Simply decluttering the space can create a more calming and streamlined environment, helping you switch off after a stressful day. Good storage units can help with this; nightstands, storage benches, and baskets are all smart options to help clear the space. 

 

Calming colours 

A lick of paint can go a long way towards aiding your sleep quality. Soft blues are a popular choice to enhance sleep and relaxation, while sage green is seen as a calming colour. Darker shades of blue or berry create a moody, luxurious, cocooning feel. 

 

Bedroom plants 

Houseplants have been proven to alleviate stress and anxiety, enhance indoor air quality, and aid in a good night's sleep. They are also an excellent way to add rich foliage to your bedroom décor and wider living space. *

 

Are you dreaming of a new home? We can help you find your next house. Contact us to begin your property journey. 

 

*House Beautiful 



A good relationship with your landlord is key

Developing a positive relationship with your landlord has many benefits. By communicating clearly and abiding by your tenancy agreement, your landlord is more likely to trust you to remain in their property.  

 

In turn, this should encourage them to make your tenancy as comfortable as possible, especially if they want to provide a secure, long-term let. Here are a few ways to set off on the right foot.  

 

First impressions count 

Your first meeting with your new landlord is an excellent opportunity to establish a good rapport. Even if you’re feeling anxious or have questions to ask, being polite and friendly will make discussing any issues or concerns easier for all parties.  

 

Keep your end of the deal 

Landlords often feel overwhelmed by the process of managing their lets.* By taking good care of your landlord’s property and paying rent on time, you’ll quickly become a valuable asset. And with less to worry about, your landlord is more likely to respond promptly and fairly if any problems arise down the line. 

 

Part on good terms 

Don’t leave your landlord in the lurch when it's time to move on. Giving a few months’ notice before your contract expires will be much appreciated. If you can recommend an equally reliable tenant, even better. Tying up any loose ends should also be dealt with as professionally as possible to help you secure a favourable reference if required.  

 

Are you excited about finding your dream rental? We may have the perfect property for you. Browse our rental properties here.

 

*Direct Line.  



1 in 4 households are making home improvements

The last few months have seen energy prices soar and household budgets squeezed. As a result, many homeowners are starting to alter their homes to cut bills and increase the energy efficiency of their properties.*  

  

But it’s not just the cost-of-living crisis that has prompted this trend. Recent government net-zero policies mean that properties with higher EPC ratings may be easier to rent or sell in the future. Investing now will not only help you cut bills and boost your eco-credentials, but it could raise the value of your home moving forward. 

  

According to a recent investigation, 16% of people plan to install windows with double or triple glazing, with energy-efficient fittings, draught-proofing, solar panels, and insulation also high on the agenda. 

  

Meanwhile, general painting and decorating (58%) and installing a new bathroom (26%) took first and second place on the list of priorities, reflecting how much time people may be spending at home. The front garden was an important consideration too, hinting that kerb appeal and aesthetics matter to many homeowners.  

  

Interestingly, around 6% of people surveyed planned to install a heat pump, with 7% thinking about an outdoor electric charging point for vehicles. With more political changes on the horizon and an uncertain energy supply resulting from the war in Ukraine, people may continue to feel the need to adapt their homes accordingly. 

  

If your budget is tight, small changes such as using a smart meter or swapping out inefficient bulbs can still make a difference. We can also advise you on how larger improvements may increase the value of your home.  

  

Contact us for a friendly chat or to book a valuation. 

  

*Property Reporter

 



How can you get financially fit before your first property purchase?

By clarifying your financial position before buying a home, you can improve your chances of securing a mortgage while granting yourself a little peace of mind. Here are three tips to get you started:
 
1) Determine a workable budget
 
Identifying how your income compares to your spending will allow you to estimate the size of the mortgage you can realistically afford. Start by creating a simple spreadsheet listing fixed costs such as rent, repayments, subscriptions and council tax, and averages for other bills. Don’t forget yearly expenses like annually renewing memberships, holidays, and general house and vehicle maintenance.
 
Once you can see how your monthly outgoings match up to your income, you’ll know what you can afford to pay towards a mortgage. You can also use an online mortgage calculator or talk to a mortgage advisor to identify ways to give yourself more wiggle room.
 
2) Create a savings target
 
Now that you have your budget in hand, it’s time to set a realistic savings goal for a deposit or to give yourself a buffer to cope with the cost of moving. Use your spreadsheet to find ways you can reduce expenditure. Possible solutions include swapping energy suppliers, cutting out luxuries and unnecessary subscriptions, or postponing holidays.
 
There are some less painful ways to save, too. For example, government-backed Lifetime ISAs offer first-time buyers the chance to top up their savings by 25% each year, up to £1,000. Alternatively, many banks allow you to round up all your purchases to the nearest pound and transfer the difference into a savings account.
 
3) Deal with bad credit
 
Before applying for a mortgage, check your credit rating with a reputable agency like Experian or Equifax. If you spot any errors, get them fixed as soon as possible. Lenders will use your credit rating to determine if and how much you can borrow, so correcting mistakes is a crucial step toward financial fitness.
 
Our friendly team can help you find the perfect home within your budget. Just contact us to chat about your requirements.



How to make your home office more comfortable

For many houses on the market today, home offices are slowly becoming less of an 'added bonus' and more of a 'must-have.' 

With more people working from home and spending more time indoors, a home office must be a calm, constructive, and comfortable place to work. 

Read on to find out how to make your office more comfortable when working from home. 

 

Invest in a comfortable chair 

If you're having trouble working in your home office, it's possible that your chair is the source of your discomfort. Investing in a high-quality, ergonomic chair can make a huge difference in how supported and relaxed you feel during the day. You might even become more productive as a result of it. 

 

Upgrade your desk 

Another reason your home office isn't feeling comfortable could be that you need to upgrade your desk space. If you have a small workstation that makes everything feel claustrophobic, it could be influencing how happy you are at work. 

Upgrade to a larger desk that better suits your needs if you have the room. Make sure you select a model that is large enough to accommodate all of your critical gear. 

 

Customise the Lighting 

Is your home office too dark? Or too bright? 

A good dosage of natural light is ideal for keeping you awake and productive in your home office. However, too much sunlight might make your screen glare, making it impossible to operate without squinting. 

Investing in a pair of light-filtering curtains, day and night blinds or a good lamp can help tailor the lighting in your home office to suit your needs and make you feel more comfortable. 

 

Maintain Consistent Temperatures 

Being too hot or cold in your home office can have a significant impact on how comfortable you are. Temperature control can be difficult, especially if your home office is in a small room that gets hot or in an open-plan area that gets cold. However, the right temperature can make a big difference in how comfortable you are. 

 

If you are looking for a house with optimal space for an office, we might have the property for you. Browse our available properties here.  



Investing in property? Here are our top tips!

With high demand for property driving up house prices and rents across the country, now is a great time for new or established landlords to ride the wave by investing. But where should you start, and how can you improve your chances of a respectable return? Read on to find out.
 
Choose your location
Ideally, it’s sensible to invest in an area within a manageable radius of your current location. This will allow you to visit the property easily, complete any necessary improvements, or keep an eye on contractors. If you live nearby, you’re also more likely to know which streets and neighbourhoods are the most desirable, helping you identify golden opportunities as soon as they arise.
 
Once you’ve settled on a general area, spend some time researching the current market conditions, including the average local rent and sale price for the type of property you’re interested in buying.
 
Hint: A trusted local agent like ourselves can advise you on this.
 
Identify potential ways to add value
While searching for the perfect rental, consider ways you could improve a property to make it more appealing to your ideal tenant. Could you add an extra bedroom or a home office by converting the loft? Is the property worth renovating to bring it in line with more high-end lets? This is where your market research will come into its own.
 
Other ways to increase profit may include selling off additional land a tenant won’t need or splitting up a building into apartments. Just make sure you obtain advice from a relevant professional before you invest.
 
Decide on funding
Yes, opportunities are endless for cash buyers, but if you have the minimum deposit (usually 25%), a buy-to-let mortgage can help you achieve your dreams. The maximum you can borrow is linked to the rental income you expect to receive, which should be 25–30% higher than your mortgage payment.
 
Specialist lenders may also provide a bridging loan to cover the cost of renovations while you get the property up-to-scratch.
 
Beyond these top tips, our property experts are always on hand to help. Contact us to discuss potential investment opportunities or book a rental valuation.



Make your rental application stand out

When you've found your ideal rental, it can be frustrating learning that it is in high demand - and that you're up against some competition.
 
If multiple people are applying for the house or apartment you want, you may be wondering, “How can I make my rental application stand out?"
 
 
Consult a letting agent
First, it’s best to speak to a letting agent before applying for the property. Ask specifically what information you’ll need to include in your application and take notes.
 
Your letting agent will almost certainly know the landlord, so it's not a bad idea to ask if they have any tips on how to make your application stand out.
 
 
Apply as soon as possible
 
It's usually a good idea to submit your application early. They'll be expecting your application once you've seen the rental property and informed the letting agent that you're interested. Sending your application early can make you appear more serious.
 
 
 
Don't forget anything
 
When submitting a rental application, you won’t want to miss anything or leave out important information. For example, missing references, bounced email addresses, and missing papers.
 
This can cause the application process to be delayed and make you appear disorganised to the landlord, so double-check everything before sending.
 
 
 
Write a cover letter for your resume.
 
Making your rental application stand out by writing a personalised cover letter to your landlord is a great way to do so. Don't be hesitant to sell yourself and emphasise all of the key points
 
 
 
Are you searching for a new rental home? We have a wide range of rental properties available. Browse our properties here.



Make your summer house move stress-free with children

 

Even if you've discovered your dream home in the ideal location, the process may be stressful, especially if you're relocating with children. 

Whether it's for a new career opportunity, to be closer to family, or to make a necessary lifestyle adjustment, uprooting your life may make sense to you. Your children, on the other hand, may not be as understanding, as everything they know and are used to is about to change. You can use a few tricks to make the transition go as smoothly as possible. 

 

As soon as possible, inform your children 

 

According to some parenting experts, you should tell your children as soon as possible. It may be difficult to remain a secret for long, as you will almost certainly have possible buyers coming in and out of your home, and your children will notice something is different. You don't want to keep anything from them because it will just add to your stress level, so inform them as soon as possible to make them feel included. Include them and make it more exciting by allowing them to help choose the new house and plan what they want to take with them if they're up for it.

  

Allow them to be emotional 

 

It may be difficult to watch, but when your children scream or throw tantrums, remember that this is a normal reaction and that you should allow them to be upset. Their entire lives are changing, and the relocation may be separating them from friends, cherished family members such as grandparents, or a childminder they've known since childhood. Instead of becoming furious, try to understand why they aren't accepting the changes immediately. Each child is unique and adjusts to change at their own rate, but it often takes six months for children to adjust to their new life in a new place. 

 

Talk about what will remain the same 

 

The stress of so much change might be difficult for your children. Rather than focusing on what will be changing, remind them of what will remain the same. Their bedrooms may differ, but their possessions will be identical. Even if their schools are different, all of their after-school activities will remain the same. It may be difficult for them to focus on the similarities, so try your best to remind them as much as possible. 

 

Stick to old routines 

 

Just because you've moved to a new location doesn't mean you should abandon your old habits. Remember that you need to keep certain pieces of your previous life constant for your children to adjust, and keeping at-home routines running is a terrific way to do so. If kids have certain after-school rituals, try to stick to them as closely as possible, even if some things change. 

 

Prepare everyone 

 

Don't be caught off guard when it comes to moving day! Starting the moving process as soon as possible will help you avoid a last-minute rush to pack and clean. It's a good idea to prepare an overnight bag for everyone for both the last night in your old home and the first night in your new one, so you don't have to unpack right away after a long day. 

 

Allow your children to express themselves 

 

Allowing your children to participate in the entire moving and packing process will provide them with a sense of stability and control over the changes in their surroundings. Ask about their thoughts on topics such as what to pack and how to decorate their new rooms! 

 

Contact our friendly team for useful guidance on all areas of moving home, and we will be happy to assist. 



When is the fastest time to sell during the summer?

 

Did you know that the time you choose to list your home for sale, is a crucial factor in the price you might achieve for it? This is because demand drops during certain months of the year, leading to fewer potential viewings and offers. Unfortunately, buyers are likely to be more cautious about a property that’s been overlooked for a while, which could affect its value. 

 

You may have heard spring is the best time to sell. This is usually true. But, if you’ve missed the spring boom, summer may seem like a more manageable timeframe to get your home on the market. Although summer is one season, it lasts a few months, so demand will likely rise and fall for various reasons.  

 

However, according to Rightmove’s data, June and July also prove to be strong months for offers, with the average home only taking 5-7 days longer to sell than the March peak. * 

 

Of course, the national picture won’t always match what’s going on locally. Regional levels of supply and demand can also have a big impact on prices.  

 

Luckily, our team make it their mission to keep our finger on the pulse. We can advise you about the local market and how your unique home fits within it. We also understand what buyers are currently looking for, which could help you sell quickly over the coming months. 

 

Contact us to arrange a valuation and discuss your summer sale plan.  

 

*Rightmove data reverse-engineered by TheAdvisory.co.uk   



Renters are locking in longer tenancies

It has been estimated that there are currently three times more tenants looking for homes than there are rental properties available, making it the most competitive rental market ever recorded. Quarterly tracking by a popular property portal shows that average asking rents outside London have increased by 11% to £1,088 per calendar month. In London, asking rents have increased by 14%, to an average of £2,195 per calendar month.
 
Market analysis from a popular property portal has described how a shortage of rental homes, combined with a strong demand for the properties available, has led to a greater number of tenants choosing to renew their agreement rather than re-enter a competitive rental market. A study among almost 1,300 landlords found that the most common length of a tenancy is over two years.
 
With the rising cost of living, renters are keen to find tenancies with bills included - demand has increased by 36% this year, versus last year. The study also found that homes with balconies, communal gardens, properties allowing pets, and those offering zero deposits all came equal second, with enquiries jumping by 22%.
 
If you are thinking of letting or re-letting your property, get in touch to find out more about our services.
 
*Rightmove 



Summer interior design ideas

After the spring clean comes the summer spruce-up. Longer days and warmer evenings offer the perfect opportunity to tackle those home décor projects – especially if you have some time off work. Read on to be inspired by this year’s interior design trends.
 
Go green
 
Summer is the outdoor season, so why not celebrate nature inside? House plants clean the air and have a positive effect on our mental and physical health – and even the fake ones look attractive.
 
While a statement plant like tropical monstera stands out against a white wall and perfectly complements natural fibres, you can pick up stylish rope-tied hanging pots and tumbling plants – real or fake – to spruce-up areas where floor space is at a premium.
 
Be bold
 
For an instant transformation, infuse neutral rooms with a splash of colour – perhaps to an accent wall. Primary colours are in style right now, so think deep blues, yellow and red. Colourful artwork and photography can also add interest if you want to avoid painting.
 
Patterns are popular too. Keep an eye out for summery prints for your cushions, curtains, rugs and sheets. Just don’t overdo the kitsch – simple is often best.
 
Get glamorous
 
Rose gold, brass and copper tones can bring a little sunshine into your home. Offset your current décor by introducing metallic accents to light fittings and shades, kitchen accessories or candleholders.
 
Strapped for cash? Try upcycling shabby furniture with gold leaf, or spray your picture frames or coffee tables for some extra glitz.
 
Stay cool
 
Sometimes, we may need to retreat from the warmer weather. Blue hues can soothe the mind, while furniture and décor that nods to a chic, bohemian or vintage vibe can have the same effect. Equally, natural materials and throws, blankets, and hand-woven rugs can soften the impact of the bright light outside.
 
If you are looking to sell your home this summer, why not start by booking your free no-obligation valuation.



Ten steps to finding your perfect home

If you are searching for a home, you will want to follow these steps to help you along the way.
 
1. Set a sensible budget
 
To help set a sensible budget, it can help to involve a specialist mortgage advisor at this early stage. Decide on a monthly mortgage repayment which is affordable for you, allowing for this to increase in line with interest rates. Then consider how much you can afford to put down as a deposit. With these figures in mind, work out how much you would like to borrow and establish a price range for your property search.
 
2. Get your paperwork in order
 
One of the most common mistakes buyers make is not getting a mortgage agreement in principle. If you are looking to purchase a new house with a mortgage, this can be a useful step in your search.
 
3. Decide on your deal-breakers
 
With your budget in mind, decide on your deal-breakers. Determine what you need from your home – location, number of bedrooms, outside space and parking. Then make a list of things you would like, but are not essential. Decide what you are willing to compromise on and what you are not.
 
4. List your existing home
 
If you need to sell your existing home, it can be a good idea to list it on the market before you start the search for a new one. This will make you more appealing to prospective sellers and could avoid some of the delays associated with being in a chain.
 
5. Start the search
 
In addition to using the popular property portals, register your interest with your local estate agent. Give as much information to your agent about your budget, timeframe for moving, requirement to sell before buying and your dealbreakers.
 
6. Think ahead
 
Think about what might be important to you in the coming years. If you plan to start a family, for example, consider the availability of local nurseries. Look for good local schools and place yourself well within their catchment areas. If you are approaching retirement, it may be worth considering single-storey living, as well as looking at the proximity of local transport and facilities like shops and GP surgeries.
 
7. Maximise each viewing
 
When you look at a prospective new home, look carefully and thoroughly. Imagine yourself living in the home, visualise how you would use each room and whether the layout of the house would work for you. Keep an open mind and think about a property’s potential, looking beyond the current décor and the seller’s furniture.
 
8. Consider the surroundings
 
It may be a cliché but, when it comes to buying, think ‘location, location, location’. Will you feel comfortable in the area, and does it have everything you need?
 
9. Choose head over heart
 
Buying a house can be a really emotional process for many of us. Avoid being swept away by a property you fall in love with, but which is outside your budget or falls short of your dealbreaker list.
 
10. Take your time, but not too much time!
 
Making rash decisions and rushing are things to avoid when buying a new home. Equally, leaving it too long to take action may mean you miss out.
 
If you are looking for your perfect home, check out our latest listings.



What are tenants on the hunt for in a property?

A recent report by the Social Market Foundation (SMF) has revealed tenants’ top priorities when choosing a home.* The results may help landlords make the most out of their properties while providing a valuable service for the wider community.  

 

While the private rental sector faces huge demand, landlords who listen to their renters’ needs are more likely to attract long-term, conscientious tenants desiring a secure home.**  

 

So, what steps should landlords take next?

 

Pitch the price just right 

 

After financial pressure brought about by COVID-19 and the cost of living crisis, it’s not surprising that 55% of tenants consider price above all else. However, many renters (35%) also prioritise bigger properties, so where is the sweet spot?  

 

Understanding regional dynamics can allow landlords to balance the property’s worth with affordability considerations. For example, some tourist-heavy counties have a disparity between house prices and local wages as homes are snapped up for the holiday market. Rents based purely on the property’s sale value may exclude local families in these areas. 

 

A lettings valuation will give you a clear baseline to adjust accordingly, depending on your circumstances and long-term financial goals – and the type of tenant you’d prefer. 

 

Consider allowing pets 

 

According to the SMF survey, 18% of tenants seek rentals that welcome animal companions. Compare this to the mere 7% of landlords who actively market their homes as pet-friendly.  

 

If you’re preparing a new rental property, perhaps think of ways to make it more suitable for pets, such as choosing wooden or tiled floors over carpets, or securing the garden. 

 

Provide value for money 

 

Everyone loves a good deal – including renters. Although many tenants have a tight budget, plenty will pay more for high-quality interiors and decent gardens. In fact, the latter was cited as a top priority, especially for those looking to create a long-term home.  

 

Choose a property near amenities 

 

If you’re planning to invest in a buy-to-let property, it’s worth knowing that 38% of renters wish to live near their workplace. Public transport facilities and access to shops also factor in for 37% and 36% of tenants, respectively. Therefore, it’s worth searching for opportunities that tick these boxes.  

 

Want to learn more? Contact us to discuss how to boost your property’s rental potential and book a lettings valuation. 

 

*Social Market Foundation 

**Paragon Bank 



What makes a ‘forever home’ unforgettable?

 A new survey, commissioned by a leading UK provider of uPVC windows and doors, has attempted to unearth the secret to presenting a house as a ‘forever home’. The results suggest British buyers are very practical when it comes to our list of must-haves! 

 

60% of people surveyed said a garage was at the top of their wish list. Over half (51%) said a family room was important to them, 42% would be looking for a walk-in closet, and 39% consider a home office essential. 

 

Location also plays a major part in the decision to invest in a forever home, with 43% of respondents sharing their desire to move to a rural location, and another 23% wanting to be close to the coast. 

 

If you think your house could be someone else’s forever home, get in touch for an obligation-free valuation. 

 

*Safestyle UK



What's happening in the UK property market?

After two years of high market activity, you’d be forgiven for thinking the tide is ready to turn. But despite burgeoning constraints on household finances, the buying frenzy continues, with properties still selling at almost record speeds nationwide.* 

 

But what’s driving this situation? The leading cause appears to be a general lack of supply. From delays brought about by the pandemic to a shortage of new homes across the UK, the supply-demand ratio is proving difficult to balance.  

 

Low interest rates and rising inflation also mean that buyers hope to reduce their potential mortgage debt. This combination of factors has contributed to UK house prices increasing by 9.8% between March 2021 and 2022 – adding £24,000 to the average value.** 

 

The market is still strong as we move into the summer months – and will most likely remain so for the foreseeable future. 

 

Do you know how much your home is worth right now? If you’re thinking of selling, book a valuation with us today.  

 

*Home.co.uk. 

**UK House Price Index 



HMO investments: Are they worth it?

Houses in multiple occupations (HMOs) are a popular investment choice for landlords.
 
HMOs can offer a steady income from month to month. Properties don’t often stand vacant because individual tenants and households have their own contracts, and they are unlikely to all move out together. They also reduce the risk of rental arrears because it is unlikely that all tenants would ordinarily fall behind on payments at the same time.
 
Whether a landlord is letting to students or multiple people, HMOs also tend to offer a higher yield when compared to other property types. Recent analysis from a UK lender has shown that HMO investment properties offer average yields of approximately 7.5%, compared with an average yield of 5.4%.
 
There are two key things to consider before investing in an HMO. Firstly, if purchasing with a mortgage, you are likely to require a specialist lender. Secondly, not every location is suited to an HMO investment – it is important to establish local demand as well as local competition.
 
Most importantly, are the regulations surrounding HMOs occupied either by five or more people or by two or more households. Investors require a mandatory licence, the cost of which varies between councils and usually ranges from £500 to £1,000 per property.
 
If you are thinking of investing in a HMO, get in touch and talk to our team of experts.
 
*Octanecapital



Housing supply starts to improve

 
This month, property search portal OnTheMarket published its Property Sentiment Index, offering insights into how things might be changing. According to the report, the number of sale listings is rising, slightly dampening the issue of supply.
 
In addition, strong market growth over the past two years means that 82% of buyers still believe they can achieve a completion within three months. Along with the promise of moving in time for summer, this confidence is further driving homeowners to list their properties for sale. *
 
However, due to an inherent lack of housing stock nationwide, prices are unlikely to drop dramatically any time soon. Instead, buyers should look for the coming window of opportunity as the market settles to an ‘elevated version of the pre-pandemic market’.*
 
Looking to buy? Browse our available properties here.
 
*OnTheMarket



Going Green: Buyers save 52% on energy bills

 

With the cost of living on the rise, it comes as no surprise that we are trying to cut costs in as many places as possible. For new-build buyers, energy efficiency is possibly more of a priority now, than ever before.  

However, many of us underestimate just how much we could save by going greener in the home.  

 

Interestingly, 69% of new-build buyers stated that EPC ratings are extremely or very important to them, and with more than 80% of new-build homes now holding an EPC rating of A or B, the choice is broad for new homeowners. * 

 

According to Zoopla, new-build homes can offer a huge 52% discount on running costs compared to older properties of equal or similar size. But when asked, 6 out of 10 people thought the savings would be much smaller, and a third thought you could only save 20% on your annual energy costs. * 

Looking to the future, homes built after 2025 will be guaranteed to produce 75-80% less carbon emissions than those built now. * 

 

Thinking about purchasing a new-build property, or curious to know how you can improve your property and add value at the same time? 

Get in touch with us today. 

 

*Zoopla surveyed 2,615. Respondents had either bought a home in the last 18 months or intend to buy one over the next 18 months. 



How has the housing market changed in 2022? 

You may have heard that the housing market is still going strong after the pandemic boom, but things have changed since Covid restrictions tapered off. A popular property portal recently reported on key 2022 trends – here’s what buyers and sellers need to know. 
 
Buyers tighten their focus
One important shift lies in how people filter search results when looking for their ideal home. Pre-Covid, browsers were more open to exploring a wider range of properties, but this is no longer the case. Instead, prospective buyers are more specific about their search criteria, with gardens higher on people’s agenda than ever before.
 
Location becomes more fluid
Although buyers have narrowed their search in some ways, many have widened the net when it comes to location – by 58 square miles, in fact.* It appears that home-hunters are more willing to compromise on the area to bag a home office or a bigger garden.
 
Cities regain their shine
During the most intense pandemic period, people abandoned crowded cities in favour of the rural dream. However, as society returns to normal, people are returning in their droves. A recent report shows that there’s been a 50% hike in countryside dwellers focusing on cities such as London, Bristol and Liverpool.**
 
This reversing tide has led to nearby train stations becoming a prized asset once again as buyers reassess commuting time. Likewise, apartments have regained popularity now that workers and students flock to urban centres.
 
What’s the takeaway?
By understanding how market trends are shifting, we can help you showcase your home to attract the right buyers. With the market in such a state of flux, it’s crucial to have an up-to-date valuation – especially if your home will benefit from the changes mentioned above.
 
Thinking of moving soon? Contact us today to book your valuation or discuss our marketing approach.
 
*Rightmove
**Compared to January 2021.



What makes the perfect tenant? 

Having a positive relationship with your landlord is important when renting a property. But what are the best qualities to have as a tenant.
 
One of the most important things to consider is your payment. Rent should be paid on time every month, and you should pay in full whenever the rent is due.
 
If there comes a point when you can’t pay, you should stay in touch with your landlord so it can be resolved.
 
Three more tips to help you become the perfect tenant:
 
Check your credit score
Ensure you are financially responsible by getting a credit check. If you are responsible when paying bills, the chances are, a landlord will trust you to pay your rent on time too!
 
Get a reference
A reference check gives your landlord a good idea about whether you will be a suitable tenant.
This will provide key information on your employment history and ability to pay rent, as well as any previous dealings you have had with other landlords.
 
Meet potential landlords
It’s important you have a good relationship with your landlord, so meeting them is essential. Furthermore, it’s a great opportunity to ask any important questions face-to-face.
 
Take a look at our available rental properties and find your next place to call home.



Prices hit record high for fifth consecutive month

Recent data released by a popular property portal shows the average price of a property coming to the market has hit a new high of £368,614. Expert predictions suggest that as growth continues, the UK is on track to see prices rise by 5% in 2022 alone. Regardless of the rising prices, demand for properties remains ‘very strong’. In fact, demand is now 113% higher than the pre-pandemic five-year average. * 
 

Looking to move this year?

With the average conveyancing time currently standing at 150 days, those who are looking to move this year will need to take the first steps in the coming weeks. Sellers who are looking to be in a new home for Christmas will need to consider their marketing options and launch their properties onto the market very soon, to ensure they have the best possible chance of finding a buyer for their property.* 

 

Getting your home valued has never been easier. Book your appointment with a few simple clicks. 

 

*Rightmove 

 



What is fueling the ongoing house price growth?

House prices nationwide are continuing to rise at rapid rates, and although there is a low supply of stock, there was a slight increase in new homes coming to the market in June. This is good news for our future buyers. * 

Latest statistics show that the number of houses available on the market is down 11% year-on-year and this scarcity stretches across all regions in the UK. Interestingly, the most significant falls in stock were recorded in the North East and London, with supply falling by 19% and 18.7% respectively. * 

In line with this, rising prices are not being perceived as an issue by buyers as marketing times remain historically low, with properties being snapped up in no time at all. 

 

What’s happening in the rental market? 

Similarly to the sales sector, rents are also up year-on-year. In fact, the combination of huge demand and scarcity of homes on the market has led to an annual rise of 18.8% in average rents. * 

In London we’re seeing even higher rises in rents, with the average price now 27.6% higher than this time last year. * 

 

Have you got a property to sell or let? Find out its value today with a free, no-obligation valuation. 

 



Three improvements buyers are looking for in a property

When it comes to selling your home, there is nothing you want more than for your buyers to love your home as much as you always have. Preparing your home can feel like a time-consuming and potentially daunting task. However, this is the very start of your property journey, and before you know it, you could be well on your way to your next home. 

 

Recent research into what buyers are specifically looking for may give you an insight into how you can best prepare your home.  

 

Leisure spaces are a big requirement 

The report found that a home gym was one of the most asked for renovation trends, and with the arrival of summer, it is no surprise that buyers are also keen to find properties with outdoor kitchens and al fresco entertaining areas. 

 

Going green with paint 

That phrase may have you thinking about eco-friendly improvements. But, we’re talking about paint! Although it is often said that neutral walls are the best way forward, research suggests that adding a pop of colour by repainting the kitchen, or adding a green feature wall, could give your room a whole new lease of life. 

 

Flooring is more important than you think 

This one may not be the first thing you think of when improving your property. However, it seems that there are a range of styling options that are ticking buyers’ boxes. Interestingly, solid wood, herringbone flooring, or earthy flagstones are all popular choices for buyers.  

 

Whether your home ticks all the above boxes and you are considering selling. Or, if you are simply curious to know how much your home could be worth, why not book your valuation with one of our professionals today? 



The ultimate guide to renting a property in the UK

If you are thinking about renting your first home, there are a few things to consider before you even begin your property search. 

 

Getting started

Before you start looking for your perfect place, think about how long you would like to commit to living in a new home. A rental agreement is legally binding, so it is important to decide from the outset whether you are looking for a short-term let or somewhere you can stay for a longer period. 

 

Work out how much you can afford. You will need to have enough money to pay your first month’s rent upfront in addition to a deposit, which will usually be equivalent to five or six weeks’ rent. 

 

Decide on your must-haves. How much space do you need? Do you need a garden? How about parking or garage space? Which location do you need to be in and how far outside that area are you willing to go? Do you have a pet who will be moving with you? 

 

Consider when you would like to move in. A landlord will want to minimise the amount of time their property is vacant, so it can be helpful to shortlist properties which are available as close as possible to your preferred moving date. 

 

Preparing the paperwork

It is a good idea to get all your paperwork in order before you start viewing potential properties. Demand for good rental properties can be high, and having everything ready to go will help you stand out from the competition. 

 

You will need to be able to prove who you are, with a passport, driving licence, national identity card, immigration status document or similar. You will also need to prove where you live and how much you earn. The landlord or agent will need to be confident you can afford the rent and that you have a steady income. If you are employed, your contract and three most recent payslips will usually suffice. If you are self-employed, you may need to show a previous tax return or bank statements going back several months. 

 

Looking for your new home 

It is important to register with local agents. Some properties are so popular they never make it to an online listing. 

 

Questions to ask when you have found a place.

The first question to ask is what type of tenancy agreement you will be asked to sign and for how long the agreement will be valid. The landlord must allow you to stay in the property for a minimum of six months, and most tenancies will be for a fixed term of either six or twelve months. 

 

Next, ask about the deposit. If the total annual rent will be less than £50,000, the maximum deposit allowed is five weeks’ rent. If the annual rent is £50,000 or above, the maximum amount a deposit can be will be six weeks’ rent. The deposit must be refundable at the end of the tenancy, assuming you keep the property in good condition and pay your rent promptly each month. 

 

Talk to the landlord or agent about who is responsible for paying utility bills such as gas, electricity, water and council tax. When you move in, it can also be helpful to know which companies are currently supplying the property. 

 

Confirm which furniture, fixtures and fittings will be left in the property and finally, check for rules about things like smoking, pets, places to keep bikes, bins and recycling. 

 

Moving in

If you will need a removal service to move furniture and other belongings, it is sensible to get that booked in the diary as soon as you confirm the moving date. You should also arrange home contents insurance, along with tenants’ insurance to protect you and your belongings from the day you move in. 

 

The keys to your new home will usually be available on the day your tenancy starts. If the landlord or agent has supplied an inventory, check all the details as soon as you can. Put in writing what state the property is in on the day you move, listing each room and taking photos too.  

 

Make sure you know how to operate the boiler and other appliances and ask where the stopcock, fuse box and any meters are located. 

 

Are you ready to rent? Browse our available properties here and do not hesitate to get in touch to discuss your requirements. 



Help to Buy deadline brought forward

Since launching in 2013, the Help to Buy Equity Loan scheme has helped thousands of people to buy their first home. However, it was announced last month that this popular scheme will stop accepting applications five months before it officially ends in March next year. The deadline for final applications is 6pm on 31st October 2022 and purchases must be completed by 31st March 2023.
 
Under the Help to Buy scheme, first-time buyers purchasing a new-build home can pay a deposit of just 5% of a property’s value. Buyers can also take an equity loan of up to 20% of the cost of a new-build home (up to 40% in London), which is interest-free for the first five years. Regional price caps range from just over £186k in North East England to £600k in London.
 
If you are a first-time buyer looking for a new-build home, there is still time to take advantage of the Help to Buy scheme.
 
Click to view the range of properties for sale in your area.
 
*Property Reporter



Is renting long-term becoming more popular?

Recent research suggests good news for private landlords. When compared globally, the UK now has the 10th biggest share of rental properties versus private home ownership.
 
Figures from a specialist rental platform show that over the last ten years, the number of rental properties across the UK has increased by 1.1 million and now represents a third of housing stock. Out of an estimated total of nearly 30 million dwellings in the UK, over 10 million of those are rented.
 
Industry experts are suggesting there is a generational shift in mindset towards renting. Of course, high property prices and shortages of housing stock are preventing large numbers of tenants from moving out of the rental market. However, there are large numbers of tenants for whom renting is a choice, with many preferring the freedom and convenience it offers.
 
With a strong, ‘build-to-rent’ sector emerging, properties are being designed with the long-term rental market in mind. Experts are predicting that renting will become the norm for an increasing number of people, with tenants remaining in rented accommodation until far later in life than has previously been the case in Britain.
 
If you are thinking of expanding your property portfolio, get in touch to discuss our property management options.
 
*Property Reporter
 



Section 21 evictions are to be banned

The government recently announced the launch of its new Rental Reform Bill, with the primary goal of protecting tenants and providing them with access to secure living means.
 
Section 21 evictions, which can also be referred to as no-fault evictions, will soon become illegal in England. Following the change, landlords will be obliged to offer a reason for reclaiming a property that houses a tenant. General bans on pets, families with children, and tenants receiving benefits will also be made illegal, with landlords being unable to refuse an applicant without good reason.
 
In a bid to protect tenants in unsuitable homes, the bill will standardise rental conditions, which means those tenants who currently reside in unsuitable homes, will have access to safe and secure properties.
 
What is next for you as a landlord?
 
The Rental Reform Bill is yet to be introduced and passed through Parliament, so it could be several years before the above reform is enforced.
 
Many landlords already provide ideal accommodation for their tenants. However, for landlords who do not abide, penalties will be put in place and local authorities will have more powers to challenge situations.
 
In an instance where a landlord is faced with an antisocial tenant, the bill will make it a simpler process to reclaim the property.
 
How will the bill affect tenants?
 
Currently, renters can be instructed to find a new property at short notice, which in some cases leads to high levels of stress, significant moving costs, and huge upheaval.
 
Under the new bill, tenants will be able to challenge unjustified changes, such as rent increases and further receive a refund for poor accommodation.
 
With tenants in mind, the reform is set to ease the financial pressures families are facing and further improve the rental sector.
 
Looking for advice on how the new Rental Reform Bill may impact you? Get in touch for advice today.
 
*Rightmove
 



Rental market growth: Latest update

According to the latest UK Rental Market Report, commissioned by a popular property portal, there has been strong year-on-year rental growth across most regions of the UK. This growth has largely been driven by high rental demand and limited supply.
 
1. City living
The current trends of high rental demand and limited supply are most pronounced in city centres. As students, office workers, and international tenants return, cities are experiencing a surge of post-pandemic pent-up demand.
 
Year-on-year growth in the rental market has been recorded at 9.1% outside London and 15.7% in London. This is a significant increase, following a decade of growth outside London which has usually hovered between 1-4%. Right now, London’s rental market is facing unprecedented demand that is outstripping supply, to the extent that tenants have reportedly been offering to pay higher rents to secure their chosen property.
 
2. Affordability
Average monthly rents have been estimated at £995. This is an increase from £897 per calendar month in 2021. This sharp rise in rents is stretching affordability, with the average rent now 37% of gross earnings for a tenant in sole occupancy.
 
London, Cambridge and Bristol appear to have the highest average rents per calendar month at the moment. Aberdeen, Newcastle and Liverpool have the lowest. 
 
3. Duration of tenancy
On average, it takes 14 days to let a property in the UK. The usual tenancy length has been rising since 2017, with the average time between rental listings coming to the market increasing from 52 weeks in 2017, to 75 weeks in 2022.
 
Experts have suggested tenants may be remaining in existing properties for longer to avoid an increase in rent by moving to a new property. Certainly, tenants who secured property at a discounted rental rate during the pandemic are likely to want to retain their arrangement for as long as possible.
 
4. Interest rates
With rising interest rates, there is potential for renters to feel the impact of higher mortgage rates on landlords. Nevertheless, it has been suggested that most landlords will have fixed-rate mortgage deals, meaning any change in interest rates is unlikely to prompt a sudden wave of increased rents. Ultimately, local demand will determine whether landlords can pass on increased costs to tenants.
 
5. A return to normal levels
Rental growth is expected to slow this year, as the ‘bounce-back’ from the pandemic eases and renters feel the pinch of the cost of living crisis. Experts are predicting rental growth excluding London to be 4.5% by the end of the year. Within London, that figure has been estimated to be slightly lower, at 3.5% growth in the rental market by the end of the year.
 
If you would like an updated valuation or a quotation for managed services on properties within your rental portfolio, get in touch.
 
*Property Reporter
 



More first-time buyers are investing in buy-to-let properties

Figures from an independent finance broker have revealed a 5% increase in the number of first-time buyers applying to purchase a property on a buy-to-let basis, rather than as a home to live in.
 
The shortage of properties on the market means the types of homes many people are looking for are simply not available to buy at the moment. By getting a foot on the ladder with a buy-to-let opportunity, lots of first-time buyers are choosing to invest in property, without the need for a house to be their home.
 
It has been estimated that 275,600 buy-to-let mortgages were approved in the 12 months prior to February 2022, which is the highest it has been since 2016.
 
If you are considering a buy-to-let opportunity as your first step onto the property ladder, get in touch for advice from our expert team.
 
*Property Reporter