March 2023 Insurance

March 2023 Insurance




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. 



Is April still a good time to sell your home?

The predicted spike in buyer demand is getting into full swing. Spring has always been a great time to sell, as buyers look to settle into their new home in time for the summer.
 
According to recent data from a well-known property portal, valuation requests have shot up by 27% compared to the same period last year. While March lived up to its reputation as the strongest month for sales, April is a close second as buyers continue to compete for homes. *
 
If you’re hoping to sell, you may also be on the hunt for a new home. To land your dream home, it’s crucial to be able to make a serious offer. That means getting your property spruced up and ready for its time on the market.
 
Don’t forget that many buyers now prioritise outdoor space to enjoy in the warmer months, so if your home has got it, flaunt it!
 
Make sure you are prepared for your April sale by contacting our team of experts.
 
 
*Rightmove



A guide to determining the value of your home

It's only natural that you would like to gather a fair amount of knowledge before booking in for a property valuation.

For the vast majority of us, owning a home will be one of the most significant financial investments we'll ever make. Therefore, maximising its worth is critical if we want to move up the property ladder.

We've taken this opportunity as your top local expert to explain some of the key aspects of your valuation so that you understand exactly what you're receiving and why.

 

What does “property valuation” mean?

A property valuation is an analysis of your home's worth. A variety of considerations, including the type and size of the property, its condition and location, as well as the seasonal and national trends in the local property market, are all factors we take into account.

It is a good idea to have a local agent conduct your valuation. They will know the local market and be able to target buyers in that area with effective marketing, which will lead to more viewings.

When choosing a representative, it is important to consider the service promise and success metrics, rather than the highest value.

 

Why is it crucial to obtain an up-to-date valuation?

While you may not be ready to sell right now, it's a good idea to keep a close eye on your local market.

Knowing your home's worth can also mean that when you are ready to sell, you'll be prepared and ready, saving you time and energy right from the beginning of your property journey.

 

Whether you're looking to sell now or in the future, you can get your up-to-date property valuation here.



Another new record for asking prices has been set

According to a popular property portal, the average UK property price has now exceeded £350,000. Asking prices across the nation saw a hike of £5,760 in March, marking the largest increase at this time of year since 2004. *

Properties with four bedrooms or more, saw the biggest price increase in March, with values soaring by £28,619 (3.8%). In fact, if you’re considering selling your three or four-bedroom home, you could find a buyer within the first two weeks of marketing. *

As a seller, you may be wondering why prices keep rising. It’s simple: demand remains incredibly high. This spring is said to be the best-ever spring to sell your home, and it’s true. The imbalance between supply and demand is the biggest that has ever been measured at this time of year, meaning you’re likely to secure a sale quickly, for an incredible price.

 

Are you ready to secure a sale this spring? We’re ready to help. Get in touch with us to book a property valuation today.

 

*Rightmove



Five key questions every homebuyer should ask

From assessing your finances to booking a viewing, you have a lot to think about when searching for your dream home. By asking a few key questions, you can be confident you’ve chosen the right property.  

Here are five to start with:     

 

1. Has the property been on the market for a long time? 

It’s normal for a home to take a few months to sell. After that, you may need to dig a little deeper to discover why the property has been on the market a little longer than usual.  

By pressing for more information, you could save yourself any worries in the long run. 

 

2. Have there been any significant alterations? 

It’s always a good idea to check what renovations or extensions have taken place over the years. Of course, we recommend having any property professionally surveyed before signing on the dotted line.  

 

3. What is staying with the property? 

When you set your heart on a home, it’s easy to get caught up in the big picture and forget about the finer details. Do you know what the current owners intend to leave behind? How will this affect your moving arrangements and budget? Make sure any remaining items are listed in the contract to avoid any potential delays further down the line. 

 

4. What are the likely running costs? 

Pay close attention to hard-to-control factors such as the council tax band. Also, check the average utility costs in the area and think about how you’ll heat your home. Location can be a consideration too, especially if you're moving to a more rural area. In this case, factoring in any increased travel costs is a good idea.  

 

5. Are there any issues with the neighbours? 

The seller must give a true account of any disputes, from disagreements over boundary lines to formal noise complaints. While their answer may not stop you from buying, forewarned is forearmed. 

 

Ready to start the search for a new home? We have some fantastic properties available to browse here. 

If you are struggling to find what you are searching for, contact us with your requirements and we will suggest the best matches for you.  



How to speed up the purchase of your ideal home

Buying a home is a very exciting time, so it’s in everyone’s interest to speed up the process. While your seller’s timeline might differ from yours, there are specific steps you can take to steer things in the right direction.
 
Know your stuff
 
A house is likely to be the biggest purchase you ever make, which means certain legalities are involved. Getting your head around the key terms will help you communicate easily with estate agents and solicitors.
 
Who you work with is also very important. Ask friends and family to recommend trusted property professionals and removal companies to get your ducks in a row before you begin.
 
Organise your finances
 
Once you feel confident about progressing, it’s time to weigh up your options. Should you sell before you put in an offer? While you’ll be a chain-free buyer, you’ll have to factor in storage costs and rent while looking for your ideal home.
 
It’s also a good idea to talk to a mortgage expert to arrange an agreement in principle.
 
Communicate clearly
 
So, you’re ready to make an offer. If the seller accepts, arrange a date for exchanging contracts and communicate your requirements to your solicitor clearly, so everyone stays on the same page. On that note, make sure you respond quickly to any requests to prevent holdups.
 
Of course, you will need a trusted partner with expert local knowledge to help you sell your current home or buy a new one. That’s where we come in.
 
You can contact us to discuss your options, or head over to our website to explore our current properties.



Soaring demand continues to push rent prices higher

According to a recent market report by a well-known property portal, the current demand for rental homes is a staggering 76% higher than during the same period between 2018 and 2021. As demand continues to outweigh supply, we truly have a perfect storm that is, in turn, pushing up rent prices across the UK. *
 
Tenants can now expect to pay around £969 per month, which equates to an extra £744 per year compared to pre-pandemic prices.
 
With supply currently unable to meet demand, landlords are in a strong position and should remain so for the foreseeable future. Rental properties are only taking two weeks to let, making it easier than ever to attract the right tenant in a very short time frame.
 
Predictions show that rents will rise by 4.5% across the UK over the coming year, so if you’re thinking of letting your property, now is the perfect time to capitalise on the expected market growth.
 
Ready to discover how much you can secure for your rental? Book your valuation today.
 
* Zoopla



Helping our landlords navigate the changing regulations

Being a landlord is a rewarding way to secure your income while providing quality housing for tenants. However, according to a recent survey, 24% of landlords feel overwhelmed keeping up with changing regulations.  

The main reasons landlords felt this way included finding the rules confusing and a lack of access to legal advice. For example, 16% didn’t know about licencing scheme changes, 12% were unaware of the new requirements for smoke and carbon monoxide alarms, and 10% had missed the news regarding proposals for minimum EPC standards. * 

Keeping up-to-date with every announcement and making the necessary changes to your properties can feel like a full-time job. This has a knock-on effect on landlords’ mental health, with over half of those surveyed admitting they’d taken time off work.  

So, what’s the easiest way to enjoy the benefits of being a landlord without the stress?  

Other than carrying out time-consuming research, reading trade publications, and enlisting the advice of a lawyer, the survey showed that almost a third have a letting agent to help. 20% also believe employing a managing agent would make life easier. * 

It’s certainly true that working in partnership with a trusted local agent can help you simplify the process of letting your property, especially if you manage a portfolio. 

Whatever your situation and long-term plans, we’re here to help. Contact us to learn more about our services and arrange a lettings valuation.   

 

*DirectLine 



Trends in the UK housing market

The last few years have proved just how changeable the property market can be, but several trends look set to stay.  

Younger buyers continue to be outnumbered by older buyers in the UK property market due to the wage to house-price ratio. * 

Interestingly, our living spaces have dropped from 24.89 sqm to 17.09 sqm since the 70s. Overall, new homes are around 20% smaller than 50 years ago, however, the size of our kitchens have increased! ** 

A number of factors are driving an increase in homeowners, first-time buyers and buy-to-let investors choosing new-build properties. One of the key reasons is higher energy efficiency compared to that of older properties. * 

Location to schooling and transport services continue to be primary influences on purchasing decisions. But other location-based factors – such as access to local shops – are becoming less of a consideration thanks to online delivery services. * 

Our final trend is highly relevant if you’re ready to sell soon. Did you know that spring is one of the busiest times of the year in the property market? Therefore, selling your home now means it is likely you will be in for a quick sale and achieve a top price for your home. *** 

Whether you’re hoping to find your dream property or take advantage of the rising demand, we’re here to advise you.  

Contact us today to book a valuation or discuss your options. 

 

*TLA 

**According to Which? 

*** Rightmove 



 



Are you a tenant on the hunt for a pet-friendly property?

Did you know? April 1st marks the start of National Pet Month! For tenants with pets, the search for a property can be a little more time-consuming and tedious. It’s important to remember that you must always get consent from your landlord before keeping a pet in the property. Failure to do so could result in you getting into trouble with your landlord. 
 
If you are on the hunt for a property with a furry friend in tow, here are our top tips to help you secure your ideal rental home: 
 
Plan ahead 
 
There is now more availability when it comes to pet-friendly rentals. However, in the current market, the imbalance between supply and demand means rental properties are being snapped up very quickly.  
 
We would suggest beginning your search around eight weeks before you intend or need to move out of your current property.  
 
Create a file for your pet 
 
While some landlords may initially say no to pets, if there is a chance they can be persuaded, it is best to provide them with your pet’s medical details and a reference from your previous landlord to show that your pet caused no issues throughout your tenancy with them. 
 
Have your landlord meet your furry friend 
 
This is often only relevant to tenants with dogs. It does, however, put your landlord's mind at ease knowing your pet gets along well with the other people in the house and is well-behaved. 
 
Are you on the hunt for a pet-friendly rental home? Get in touch with us today to see how we can help you. 



Demand creates opportunities for new landlords

As soaring house prices continue to push up the average buying age, more and more people are looking to rent for longer. This squeeze on supply has resulted in the average rent price rising throughout the UK. In London, rents have risen to £1,757 – 11.8% higher than in February 2021. *  

The imbalance between supply and demand means that the Association of Independent Inventory Clerks is now applying pressure on the Government to increase rental stock across the UK.  

Now is the perfect time for new landlords to enter the market and make a good return while providing homes to those who need them.  

Have you had a lettings valuation in the past? You may be surprised by how much your potential rental is worth now. 

If you’ve got an unoccupied property on your hands, contact us to learn more about our bespoke services and book a lettings valuation.  



How the pandemic has changed our homes

The lockdowns and social restrictions that followed in the wake of COVID-19 had some interesting consequences for Britain’s homes. Almost nine-million bedrooms have been repurposed to adapt to our rapidly changing lifestyles. A survey of 2,000 households found that 53% of UK homeowners transformed one bedroom, while 22% sacrificed more than one.*
 
Given the surge in home working during the pandemic, it’s not surprising that just under half chose to prioritise finding space for a home office. According to the survey, most people wish to keep this setup as flexible working remains the norm. Staying active and enjoying nights in were also popular reasons for repurposing bedrooms. Since March 2020, Brits have created over one million gyms, with home bars, cinemas, and music rooms close behind.
 
Despite this radical alteration in how we use our homes, 55% of owners feel they have compromised in other areas. Those surveyed often mentioned lacking room for guests and having less privacy. 11% even said their children must now share a bedroom.
 
Younger people with smaller properties particularly feel the pinch when it comes to space. Combined with long-term lifestyle trends and post-pandemic priorities, this pressure means that almost one-third of people may be looking to up-size soon.
 
With demand for homes still high, and the spring peak well underway, now is a great time to sell. Since the pandemic, property prices have been steadily rising, so make sure you contact us for an up-to-date valuation.
 
*Opinium Research
 



Easy ways to upcycle garden furniture

With daffodils and spring flowers in full bloom and warmer weather here, the first garden party of the season is just around the corner. However, your garden furniture may still be suffering the effects of winter.

While replacing old pieces with a spending spree at your favourite garden centre may be tempting, there are easier and cheaper ways to deal with tired furniture! For example, black and deep grey paintwork can transform dull fences, planters, and pots into striking backdrops for your greenery. A simple solution that can make a huge difference.

Is rust consuming metal everywhere you look? Available in various colours, anti-corrosion spray will help revitalise your furniture. Alternatively, a solution of white vinegar can work wonders. Just leave it on for about an hour and thoroughly wipe it down afterwards.
 
Adding texture with fabrics and soft furnishings can also enhance even the most worn-out pieces. Think tablecloths, cushions, and throws.
 
If something can’t pass for shabby-chic anymore, consider repurposing it entirely, perhaps by turning an old table into a wildlife house, or a swing seat into a frame for climbing plants.
 
If you’re hoping to attract serious offers this spring, sprucing up your garden is a great way to help viewers picture themselves enjoying those long, warm evenings ahead.
 
We are always happy to advise you about ways to improve your chances of a sale.
 
Contact us to learn how we can get you moving before summer.



31% of employees in UK Small and Medium Businesses working online without security controls

Research from digital security software companies, has found that almost a third of employees (31%) in the UK of a Small and Medium business (SMBs) are connecting to the corporate network using personal devices that have no security measures in place. This could pose a list of threats to these businesses, here’s why. 

 

Personal devices 

The rise in working from home on the heels of the pandemic has seen SMB managers needing to make drastic changes to adapt to the change in cultural working behaviours, which means providing their colleagues with efficient and suitable technology to work outside of the office. This is no easy task and among IT decision makers, many are failing to provide employees with their own dedicated work computers, with some even encouraging employees at home to use personal devices due to difficulties in supplying company hardware. This could prove to be a danger for these companies as private and confidential data is at risk of being leaked and stolen through unsecure browsers and networks.  

 

Poor cybersecurity risks for employees 

Working from home can enable employees to pick up bad habits and put their company’s data at risk. Some of these include: 

  • Accessing sensitive data through unsafe Wi-Fi networks 

Employees working remotely could be connecting to their home wireless network or handling sensitive data and accessing accounts using unsecured public Wi-Fi. This is where the risk arises as malicious cybercriminals nearby are enabled to easily spy on and harvest confidential information.  

  • Using personal devices for work 

There’s a high chance that many employees see no harm in transferring files between work and personal devices for convenience. However, if the employee leaves the company, they will be holding on to confidential information that has been stored on their device.  

  • Using weak passwords 

Cybercriminals are well aware of human error and will be quick to exploit it. Hackers can pull together lists of frequently used passwords and use them to access poorly protected accounts. 

  • Unencrypted file sharing 

Employees store and share private information all day, every day and companies cannot afford to have this information stolen. Encrypting and protecting data is crucial as sensitive company information being intercepted can lead to identity fraud, ransomware, cyberattacks, theft and more.  

 

Risk for companies 

Employees could be unknowingly putting their company at risk by working from home without adequate security controls. Poor cyber security and lack of training can result in: 

  • Email scams 

One of the biggest threats to a network’s security is threat actors gaining access to private information and without proper training and support, employees could be opening the door to them by interacting with phishing emails. These emails have become more sophisticated over the years and it’s becoming harder to determine authenticity without extensive training on the matter. 

  • Security controls are weaker 

Multiple existing layers of cyber protection will not apply to remote employees. Replacing the office network with home Wi-Fi means devices are unprotected and exposed to possible unsecured networks.  

  • Threats all around 

When it comes to remote work, security risks are everywhere. Unfortunately, the lack of monitoring and control which comes with remote work appears to be a blessing for cybercriminals, as sensitive information is simply easier to steal from a person’s home. Educating employees and ensuring your company and all its devices are secure and protected are the only ways to tackle cybercrime. 

 

If you are worried about cyber criminals impacting your business contact us today.



Does cancelling your insurancecausemore damage than it’s worth? 

 

Many businesses across the UK have felt the lingering impact of the COVID-19 pandemic, and cutting financial corners seems to be the chosen method to keep things afloat. But does cancelling your insurance cause more damage than it’s worth?  

 

Coverage for Past Work 

Cancelling insurance means you will lose your coverage for any previous work. Errors and omissions insurance is typically a claims-made policy, which will not cover claims filed after the policy has been cancelled, even if the incident took place while the policy was in effect. This could land you and your business in some legal trouble and unless you pay for additional coverage when you start up a new policy, you could be susceptible to lawsuits related to past incidents before the new policy started.  

 

Cancelling and Restarting 

It’s not uncommon to cancel insurance while things are tight with the intention of picking it back up later. Unfortunately, cancelling will hike up your premiums with additional charges and fees when you start back up again, and you cannot guarantee your business’ financial security during the period free of coverage. 

 

Types of business insurance 

There are many different types of business insurance available, and the right cover depends on your business. Whether you own a business in customer care or a marketing service, you’ll require a tailored package with necessary cover to protect your business from suffering any catastrophic losses. A professional insurance agent will be able to find the right package for your business and adjust it to any additional needs. 

 

Professional Indemnity and Public Liability Insurance Protect Your Business 

No matter your commitment to customer care in your workplace, things don’t always go to plan and mistakes which involve other people often come at a cost to your business. For businesses that provide advice and service to customers and deal with intellectual property and confidential data, insurance is a must. Bad advice, faulty service and negligence can cost money and lead to legal trouble. PI and PL insurance will cover your legal defence fees and compensation payments, which can be hugely detrimental pay-outs if your business isn’t covered. 

 

Why Employers’ Liability Insurance is Important 

Most employers are required by law to insure against liability for injury or disease to their staff resulting from their employment. Employers’ liability insurance covers your business in the instance of an employee making a claim against you and your workplace. You can be fined as much as £2,500 every day your business isn’t covered by an employers’ liability insurance policy which complies with the law.  

 

Adjusting Your Coverage 

Adjusting a business's coverage by consulting with your insurance agent is a much more feasible option than cancelling all together. You may be able to lower your premiums, or your business might qualify for less coverage if your overall package is slipping outside of your budget.  

 

Cancelling business insurance only results in further losses, contact an agent for advice today.



The biggest security threats that small businesses face

Despite common misconceptions, the risks from cyber security threats are just as significant for small businesses as they are for large enterprises. Unfortunately, obscurity or the size of a business will have no impact on cyber security, and every type of business can become a target.

 

Attackers are becoming increasingly coherent in automating attacks, making it easier for them to target thousands of businesses at once. Small businesses should be aware that having less stringent technological defences, less awareness of threats and fewer resources to put into cybersecurity will leave them more susceptible to hackers and a much easier target than bigger organisations.

 

For these reasons, it’s vital that small businesses invest time in awareness of cyber security threats and how to stop them. Here are the top 5 security threats facing businesses today:

 

Phishing Attacks

Phishing attacks are amongst the most damaging and widespread threats facing small businesses today. They occur when an attacker poses as a trusted contact to entice a user to click a malicious link, which will then download a malicious file or allow access to sensitive information, account details, or credentials.

These attacks have become more and more sophisticated over the years, with attackers mastering the art of disguising themselves as legitimate business contacts. These attacks are catastrophic to businesses and extremely difficult to combat. Attackers will implement social engineering to target humans within a business rather than any technological weaknesses.

 

Malware Attacks

Malware is second on the list of huge threats facing small businesses. These attacks encompass a variety of cyber threats, such as trojans and viruses. Malware is the term for malicious code that hackers create to secure access to networks, steal data, or destroy data on computers. It usually comes from website downloads, spam emails or from connecting to other infected machines or devices.

These attacks are particularly harmful to small businesses as they can cripple devices that are costly to repair or replace. This can also allow attackers access to confidential data, which can put clients and employees at risk. Small businesses are more likely to allow employees to use their personal devices for work to save on time and equipment. However, this increases the risk of a malware attack, as personal devices are more susceptible to malicious downloads.

 

Ransomware

Ransomware is a very common cyber-attack which affects thousands of businesses every year. Ransomware is one of the most lucrative forms of cyber-attacks as it involves encrypting company data so that it can no longer be used or accessed, which then forces the company to pay a ransom to unlock the data. This is an extremely stressful predicament, and businesses affected are left with a tough choice – to pay the ransom and take a huge financial blow or cripple their services due to a loss of data.

Small businesses are at high risk from these types of attacks because most smaller businesses will not have backed-up data and will need to be up and running as soon as possible, making them more likely to pay the ransom.

 

Weak Passwords

Weak or easily guessed passwords are proving to be a huge detriment to thousands of small businesses. Many small organisations equip themselves with cloud-based services that require different accounts. These services often contain sensitive data and financial information. By using weak passwords or the same passwords for multiple accounts, this data can easily become compromised.

This issue can be boiled down to a lack of awareness among employees about weak passwords and the damage they can cause, which is why it’s so important for these businesses to enforce stronger engagement with cyber safety procedures.

 

Insider Threats

An insider threat is a risk to an organisation that is a result of the actions of employees, former employees, business contractors, or associates. These attackers will infiltrate a business by accessing critical data about the company which they can use to their benefit due to greed, malice, or simply ignorance and carelessness.

 

This is a growing issue and puts both employees and customers at risk, while also causing the company financial damage. Due to smaller businesses often allowing more employees to have access to multiple accounts, the risk of insider threats becomes greater.

 

If you would like to know more, please contact us.



How much could electric cars save you?

With petrol prices soaring, it is no surprise that many young drivers in the UK are switching to electric cars to tackle running costs. But can electric cars really cut down on fuel expenses?

Although electric cars will most likely cost more upfront than petrol cars, slow depreciation and higher projected residual values help to narrow down buying and financing costs while also keeping running costs at an unparalleled low.

 

The benefits of electric cars

Electric vehicles come with a myriad of benefits, including:

  • Low environmental impact
  • No congestion charges
  • Lower running costs
  • Renewable electricity tariffs
  • Better driving experience
  • Government funding
  • Free parking
  • Reduced noise pollution
  • Increased resale value

One of the most rewarding advantages of driving an electric vehicle is its lower impact on the environment. Pure EVs have no tailpipe, and therefore do not emit any exhaust gases. This reduces local air pollution, particularly in congested cities.

 

Annual savings

While the environmental benefits are enough to win some drivers over, it is understandable that others will be wondering about the financial benefits.

The good news is, you can expect to save around £663 a year on running costs by driving an electric car, which equates to £3,339 saved over 5 years on fuelling the car alone.

 

Low maintenance

Electric cars require less maintenance than their petrol or diesel equivalents. This is because the engines in non-electric models are made from hundreds of moving parts, increasing the likelihood of something going wrong. In contrast to this, the components of a battery are much simpler.

EV batteries also have long warranties – typically eight years – which tends to be more than the warranty for the car itself.

 

Do electric vehicles pay road tax?

If an electric car is pure battery (in other words, you need to charge it to drive it), then you do not have to pay road tax. Drivers of these cars are also exempt from paying the London congestion charge (£15 a day) or the Ultra-Low Emission zone.

Road tax is massively responsible for CO2 emissions, so driving an energy efficient car will allow you to save hundreds per year on road tax.

 

Government grants to lower purchase prices

In an effort to encourage drivers to choose low-emission cars, the government is now offering grants that can effectively reduce the purchase price of a new electric car. The car dealer will reduce the price by the amount of the grant, so the driver will not need to take any extra steps to secure the grant money – just simply pay less for their new car.

 

Which cars are eligible for the government grant?

Electric vehicles must meet the following requirements to be eligible for the government grant, which is 35% of the purchase price, up to a maximum of £1,500:

  • Zero tailpipe CO2 emissions
  • It can travel at least 70 miles between charges without any emissions at all
  • The cost is under £32,000 (referring to the recommended retail price including VAT and delivery fees)

In summary, you can certainly save money on motoring if you switch to an EV. These cars are cheaper to ‘fuel’, tax, and insure due to their low environmental impact and reliability. Despite the initial costs, electric vehicles have proven themselves to be a smart investment and an eco-friendly way of paying less for keeping your car running.

 

For more information, please contact us.



Should you let your car insurance automatically renew? 

Letting your car insurance renew automatically may sound like an attractive option as you won’t need to put in any extra work, and you might be happy with the plan you’re on right now. However, this is one of the most expensive mistakes to make, as deciding not to seek out a better deal means your insurer can take advantage of your indifference and subsequently, hike up your premiums.

 

Without shopping around first, you could be missing out on endlessly cheaper deals on your car insurance, and there are countless other ways to drive that cost down even further. Here are our top tips:

 

Consider a telematics policy

Telematics car insurance bases your fees on real data about your driving behaviours, which can be recorded either through a black box fitted to the vehicle or a mobile phone app. As long as you’re a safe and careful driver, this is a great option for any age group, as telematics insurance can offer much lower premiums.

 

Limit your mileage

By limiting the number of miles you drive each year, insurers will see you as a lower risk, which will qualify you for cheaper insurance.

It’s pinnacle that you provide an accurate estimate of your mileage when getting a quote, as your policy becomes invalid if you’re dishonest.

 

Improve security

Consider installing security devices such as alarms, immobilisers, and locking wheel nuts.

You should always get a quote on how much your insurance would cost after these upgrades first, so you can weigh up whether the cost of these measures is worth the savings.

 

Increase your voluntary excess

Opt for a higher voluntary excess when you take out your policy, as it will lower the price of your insurance.

However, if you make a claim, you will have to pay the excess towards the cost of repairing or replacing your car, so make sure you are able to afford the excess just in case you do end up having to pay it. 

 

Pay annually

A lump sum may seem daunting but paying monthly is a loan which comes with interest. This is why paying upfront is a substantially cheaper option if you have the funds to do so, and you won’t end up spending anything on borrowing. 

 

Build up your no-claims bonus discount

Insurers reward drivers who are claim-free by discounting their premiums for cheaper insurance. So, keep driving safely and responsibly and you will see the benefits year-on-year.

 

Park with care

If you have a driveway or a garage, make sure you keep your car parked there overnight.

This will drastically lower your chances of your car being stolen or vandalised, and insurers may lower premiums as you’ll be seen as less of a risk.

 

Avoid modifications

Modifications of all kinds — whether they’re upgrades to styling, audio, or performance — could result in a large hike in the price of your insurance.

This is because features such as alloy wheels, body kits, and performance upgrades can make your car substantially more attractive to thieves, and your insurer will see your vehicle as a higher risk. Modified cars also tend to be more expensive to repair due to their expensive parts.

 

To find out more, please contact us.



We ask: Could your business get by without the right insurance?

Having the correct business insurance is an integral part of your business’s survival. While certain insurance is a legal requirement, other forms of insurance are not worth operating without. It’s no secret that in most cases, you can insure against pretty much anything. With this in mind, we take a look at various forms of business insurance to help you decide which best suits your business needs.
 
 
 
Legally required
 
 
Employers’ liability insurance -
 
It’s a legal requirement in the UK to get employers’ liability insurance to the value of at least £5 million as soon as you become an employer. In fact, you can be fined up to £2500 for every day you are not properly insured.*  
 
 
Commercial motor insurance -
 
Needless to say, you must have the correct insurance for your company vehicles and provide your insurer with accurate information about drivers.
 
 
 
A very good idea!
 
 
Public liability insurance -
 
This covers the costs of claims made by the public or your customers that have been caused by your business. There is a strong case for taking out public liability insurance when you consider the potential financial implications of a claim.
 
 
Indemnity insurance -
 
Many professional organisations and their governing bodies will demand this of you, as will your clients. Builders, for example, will often be asked to provide this, accountants, surveyors, and architects, and some health care professionals also make good use of this type of cover.
 
 
Buildings insurance -
 
Your premises, which could be a devastating loss, are most likely essential to insure in order to keep your company from going out of business. Your bank will insist on buildings insurance if there are borrowings on perhaps your most valuable fixed asset.
 
 
Cybersecurity insurance -
 
Arguably the most important policy you could take out in today’s business world, this will protect you against threats in relation to data, software, hardware, and online. Without it, your business could be destroyed overnight. The consequences are complex; one scenario could be the legal and compensation costs associated with a customer’s personal information being breached. This could run into thousands and be caused by a simple click of your finger on a dodgy link.
 
 
 
Are you central to the survival of your business?
 
 
Shareholder protection insurance -
 
This allows you to buy the shares of another shareholder if they die or are diagnosed with a critical illness, so the existing shareholders keep control of the business.
 
 
Loan protection insurance -
 
If you can’t repay any borrowings due to illness or death, your financial commitments will still be met.
 
 
Key person cover -
 
This covers lost profits due to the death or critical illness of a key person in your business.
 
 
Group schemes -
 
Many businesses create group insurance schemes so if the worst happens, financial stability is provided to your team. This in turn may help your business’s survival.
 
 
 
Tailor your business’s needs 
 
The list of potential scenarios and items you can insure against goes on forever. Create your own policy to suit your individual business needs.
 
 
Do you need help deciding on the best business insurance policies to protect your business? Browse our website



I'm a first-time buyer; what kind of home insurance cover do I need?

It’s an awesome feeling getting the keys to your first home. Before you take the final few steps across the threshold to your front door, you should, prior to collecting the keys, take out a home insurance policy. In fact, you should have your home insurance in place as soon as you exchange contracts!
 
 
Buildings insurance
 
Your mortgage provider will most likely insist, as part of their terms, that you take out buildings insurance. It’s not a legal requirement and is calculated on the re-build value of your home, which even for a modest terraced house can run into millions. It's probably best to get it!
 
 
What does buildings insurance cover?
 
This is very different from contents insurance and covers structural damage to your property from theft, flooding, fire, storms, and burst pipes.
 
 
 
Contents insurance
 
This type of insurance covers you against the cost of replacing or repairing your home’s contents if they are stolen, destroyed, or damaged.
 
Furniture, appliances, paintings, jewellery, household belongings, and almost anything else you want to insure is covered under contents insurance. You will be asked to calculate an estimated value for these items. Remember, every insurance company differs, and it’s important to answer all questions accurately.
 
Certain items might not be insured unless you inform your insurance company. For example, a bike that you store in the shed or at home will not automatically be covered under your contents insurance policy.
 
 
The cost
 
This will largely depend on the value, location and contents of your property.
 
 
Some useful extras:
 
Accidental damage -
 
Cover yourself against a coffee spill on your new carpet or a broken tile.
 
Legal expenses -
 
This protects you against unforeseen legal expenses, such as a dispute with your neighbours over garden fence boundaries, should you hire a solicitor or, worse, end up in court!
 
Personal possessions -
 
This can cover personal items you may remove from the house, like a camera.
 
Emergency cover -
 
This can cover you against labour costs should you need emergency repairs due to plumbing or electrical issues.
 
 
Some wise moves:
 
Life insurance -
 
Even if you have no dependents, purchasing a life insurance policy could pay off your mortgage if you die. Your home could then be left to a member of your family in your will.
 
Critical illness cover -
 
If you suffer a serious illness, then the remaining balance of your mortgage could be paid, giving you real security at such a time.
 
Income protection -
 
If you become ill and are unable to work, this will provide you with an income. It’s worth noting that this is not subject to tax.
 
 
 
Final thoughts
 
Making those first steps on the property ladder is not easy, but now that you have finally made it, the last thing you need is to fall from the ladder without a good safety net in place. Insurance is more than just a safety net; it may keep your feet securely on that ladder.
 
Not sure what kind of home insurance you need? Or are you looking for a more competitive quote? Browse our website   
 



Top 5 cyber security risks facing small businesses

The number of cyber-attacks is constantly increasing. Small businesses are just as much under threat as larger businesses, so there is no such thing as flying below the radar! In fact, many smaller businesses are more vulnerable than ever, with many attackers automating their systems. Even a small cyber-attack can wipe out a business overnight and could cost your business millions. Getting the right cyber security insurance is not just a no-brainer; it's an essential requirement if your business is to survive.
 
 
What is cyber security?
 
Simply put, cyber security deals with data breaches that cause a loss to your business. Ranging from intellectual property, General Data Protection Regulation (GDPR), and any other sensitive information falling into the wrong hands. It not only includes online software and hardware-connected systems but also damage to the technical infrastructure, technology, and reputation of a business. As a result, the ramifications are vast, complex, and extremely costly.
 
 
Phishing
 
This is the first step in attacking your business, often by creating malicious links that entice unsuspecting victims by posing as genuine business contacts or websites. Tricking users into downloading malware is the most common type of attack used to gain access to passwords, account details of customers, or any of your business's sensitive information. Attackers favour using fake links in emails; that said, SMS, voice phishing, and clone phishing are becoming increasingly popular.
 
 
Malware
 
Often ranked as the second biggest threat, particularly to small businesses, and, in some ways, the second step to unleashing chaos via malicious links. The attackers create code that will gain access to your business’s data, stealing, destroying, or holding it to ransom. Infecting your computers, software, and systems, rendering them useless. The consequences are devastating and can ruin your entire business in minutes.
 
 
 
Ransomware
 
Once the attackers send a malicious email and deploy malware, they have access to your company’s data. Often, they will encrypt it, or steal it, forcing you to pay a ransom for its return. Sadly, in many cases, if the ransom is paid, your organisation’s data may never be returned, with crippling consequences and extremely costly remedies.
 
 
Weak passwords
 
Creating weak passwords will make it easier for attackers to gain access to your cloud-based systems or customer data. Financially sensitive information or data based on your customers or business in general will become seriously compromised.
 
 
Internal threats
 
Employees past and present, as well as private contractors, could also pose a serious threat to your organisation through malicious intent or by simply clicking on a bad link accidentally.
 
 
Insurance
 
No matter what level of security you put in place, or security awareness training you provide to prevent your business from potentially being wiped out, a good cyber insurance policy will protect your organisation from the constant, growing threat and devastating financial consequences of a cyber threat.
 
 
Looking for a competitive quote to protect your business from the constant threat of a cyber attack? Get a quote
 



When's the best time to renew your car insurance?

Sooner rather than later! Many people in today’s frantic world leave renewing their car insurance until the last minute. Did you know that could mean you end up paying more? The best time to renew your car insurance is about a month to six weeks before your renewal date.
 
Why?
The later you leave it, the less time you have for price manoeuvring. Insurance companies know that the closer you get to your renewal date, the keener you will be to get sorted. Common sense also suggests that if the price you are offered is not competitive enough, you still have plenty of time to find a better deal!
 
If you show your insurance company that you are organised this will reflect well on how they perceive you. You may enjoy a cheaper premium as you are less likely to make a claim and maintain your car on time.
 
 
Has your car insurance increased when it comes to renewal time?
It can be frustrating when you know that your circumstances have not changed and yet your premium increases.
 
 
Why?
There are hidden costs that alter from time to time that you will not be aware of. For example, the cost of parts for repairs in the event of an accident, insurance premium tax, and the statistic of uninsured drivers on the road without insurance. These are costs you can’t control or influence, but there are some things you can do!
 
 
What if your circumstances change?
If you change your place of work, this could increase or reduce your premium. For example, if you start work in a licenced premises, then your premium could go up.
 
 
Some top tips to cutting your premium!
 
Shop around -
Give yourself some time to shop around. It's worth remembering that prices can change from week to week.
 
Pay in advance -
It may be appealing paying for your insurance monthly, but essentially you are taking out a loan and will pay interest. So it’s better and cheaper to pay in advance.
 
Finance -
If you are determined to pay monthly and don’t want to pay interest, use a 0% credit card.
 
 
Increase your voluntary excess -
By doing this, you will reduce the cost of your premium. Remember, if you make a claim, this will increase how much you pay out. With many people claiming for minor repairs you could leave yourself stuck between a rock and a hard place.
 
 
Reduce your mileage -
Typically, the more miles you drive, the more your premium will cost. Don’t make the mistake of underestimating your mileage, as this could invalidate your policy. Remember, you can contact the insurance provider at any time if you believe you have underestimated this figure. That said you will pay an admin charge so as with all the information you provide best to be as accurate as possible from the get-go.
 
 
Haggle! -
Believe it or not, this works. Perhaps not with all insurance brokers, but you don’t get unless you ask!
 
 
Always give accurate information -
It's important to always give accurate information; if you don't, you could invalidate your policy. Don’t think that insurance companies ask so many questions just to fill their databases. For example, your postcode may have a lower crime rate and therefore be cheaper.
 
 
Looking for the best possible car insurance policy at an even better premium? Get a quote