This month's property update

This month's property update




Mortgage agreements for early 2021 at their highest since the financial crisis

Mortgage approvals have reached a 14-year high, propelled by last year's property market boom.
 
The Bank of England’s mortgage data from the end of last year shows a 24.2% increase in mortgages agreed compared to the previous year, and at any time since the global financial crisis, with £87.7 billion worth of mortgages agreed.
 
In Q4 2020, mortgage lending reached £76.6 billion, with a year-on-year increase of 4.2%, whilst the share of mortgages with a low loan-to-value was 4.5% down in a year; the lowest since 2007.
 
Considering that the housing market was effectively closed for two months in 2020, it is incredible to see that the year ended with more approvals than the one prior.
 
The value of new mortgage commitments hitting a 14-year high was largely driven by homeowners who looked to move into larger properties and see savings of up to £15,000 from stamp duty tax in the process.
 
This activity has resulted in the annual growth rate for new mortgage commitments almost quadrupling in Q4 2020.
  
April should signal a turning point for first-time buyers, who will now have access to 95% mortgage options once again due to government-guaranteed support.
 
Having been absent until now, it's thought that the return of lower deposit mortgage products will lead to more positive growth for the sector in 2021.
 
As we head into the popular seasons for home selling, with schools and businesses reopening and the vaccine program continuing to take effect, we'd like to help you with your plans this year.
 
To learn your property's value, visit our website.
 
 
 



Lockdown helped third of UK homebuyers get onto property ladder

As challenging as the last 12 months have been for all of us, for many different reasons, there have been some positive stories and developments that have emerged during this unprecedented time.
 
According to new research from Rightmove, a third of UK home buyers have been helped onto the property ladder due to the national lockdown, with 27% of recent home buyers stating that the restrictions actually enabled them to save for their new home.
 
46% of those asked stated that they were able to get a foot on the ladder, as government 'stay at home' measures meant they drastically reduced their spending across social activities.
 
A further 33% said that having to work from home has also been a contributing factor to their ability to buy, as money otherwise spent on their daily commute or fuel consumption could be saved instead.
 
The other findings from this report show that savings were also made from family costs (10%) and moving back with parents or family members to save on rent and share social bubbles (5%).
 
Whilst it would be safe to assume we're all keen to return to some form of normality once again, it's incredible that the property market has been able to safely continue and help buyers achieve their dream of homeownership in 2020 and 2021.
 
With further savings available due to the stamp duty holiday extension until the end of June, it's expected that even more residential transactions will occur in the coming months.
 
To find out how you can get your foot on the property ladder, get in touch with us today.
 
 



What you need to know when investing in a buy-to-let property

Investing in a buy-to-let property is a dream that many of us will have at one point or another.
 
Property has always been a dependable investment option, with successful landlords able to set up their rentals to run like clockwork whilst benefitting from an additional source of income.
 
Before considering your first step, there are some key considerations to be aware of.
 
 
It won’t happen overnight
 
As much as we would like to say otherwise, having a buy-to-let property doesn’t just happen overnight.
 
Just like starting a new business venture, there are rules and regulations you need to comply with to protect yourself and your property.
 
Whilst some of these components can take time to understand and navigate, lettings agents like ourselves are fully equipped to guide you through all of the requirements.
 
 
Know the area you’re planning to invest in
 
It’s important to do your research on the area before signing on the dotted line, such as speaking to local agents about seasonal trends and rental yield opportunities.
 
Is it a hotspot for rental demand? Are there any attractive amenities, universities or transport links nearby that would appeal to tenants?
 
 
Ensure you can afford a buy-to-let deposit
 
Whilst a standard home can be secured with as little as 5% of the price of the property, a buy-to-let investment is usually much higher.
 
The average deposit is 25% for a buy-to-let mortgage.
 
It's also likely that your income will be evaluated, as you need to be earning at least £25,000 a year for most lenders.
 
 
Think about your target tenant
 
It’s important to put yourself in the shoes of a tenant and consider what they would want from a property.
 
Being a flexible landlord is key to ensure that tenants stay for longer, which is always great news for a landlord as you can minimise on void periods and secure your rental income.
 
When you have your buy-to-let property ready to market, it is a good idea to position your home based on the type of tenant you’re targeting, such as using the right communication methods to reach them.
 
 
For guidance on how to start your buy-to-let journey, get in touch with our experienced team.
 
 



Strict new fire regulations for HMOs and multi-tenancy buildings

The Home Office recently announced their intention to increase fire safety measures, stating that landlords of HMOs (House in Multiple Occupation) could face unlimited fines if they fail to comply.
 
The new enhanced procedures will be included in the future Building Safety Bill, which will be enforced in approximately 2022 and will apply explicitly to HMOs and other multi-tenancy premises.
 
The exact details are yet to be confirmed, but the government affirm that the act will improve the Fire Safety Order by requiring fire assessments to be recorded for each building.
 
Additionally, the government have verified that the new legislation will:
 
- Include the refinement of how fire safety information is accessed and preserved throughout the lifetime of a building.
 
- Better the quality of fire risk assessments and the expertise of those who perform them.
 
- Enhance communication and the organisation amongst those responsible for implementing fire safety and making it easier to identify who they are.
 
- Strengthening enforcement action, distributing unlimited fines to those impersonating or obstructing a fire inspector.
 
- Reinforce guidance in regards to the Fire Safety Order, which makes it easier to hold those who breach compliance in court.
 
- Improve engagement between Building Control Bodies and Fire Authorities when reviewing building work.
 
- Instruct all new flats above 11m tall to install information boxes.
 
If you'd like to talk about this in more detail, please don’t hesitate to contact us or learn more about our services for landlords.
 
 



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 



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 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 



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.



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.



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 



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   



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. 



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.



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.



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.  



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.



Housing supply starts to improve

While the COVID-19 pandemic and other factors have tipped the property market in favour of sellers recently, there are some positive signs for buyers looking for better value.
 
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
Dopely Colors
 



Housing supply starts to improve

While the COVID-19 pandemic and other factors have tipped the property market in favour of sellers recently, there are some positive signs for buyers looking for better value.
 
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
Dopely Colors
 



Housing supply starts to improve

While the COVID-19 pandemic and other factors have tipped the property market in favour of sellers recently, there are some positive signs for buyers looking for better value.
 
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 
 



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 the Mortgage Advice Bureau’s 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. 

  

*Mortgage Advice Bureau 



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.  



Housing supply starts to improve

While the COVID-19 pandemic and other factors have tipped the property market in favour of sellers recently, there are some positive signs for buyers looking for better value.

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



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. 

 

*Octane Capital

 



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



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



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 



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 the Mortgage Advice Bureau’s 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. 

  

*Mortgage Advice Bureau 



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.



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 the Mortgage Advice Bureau’s 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. 

  

*Mortgage Advice Bureau 



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 the Mortgage Advice Bureau’s 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. 

  

*Mortgage Advice Bureau 



What are the key selling points of a home in 2022?

 
If you’re wondering how valuable your home is, knowing its most desirable assets is a good place to start. Estate agents know exactly which features are hot on the market right now, which is why they are highlighted in listings to make sure the property is easily spotted by suitable buyers.
 
Data from Rightmove suggests which features buyers are looking for in today’s market, by ranking the most popular ‘key words’ highlighted by estate agents to sell houses. Due to a change in working patterns, there has been a clear move towards garden offices, orangeries, summer houses, underfloor heating, bi-fold doors and open-plan rooms. If your house has any of these features to offer, your home could be extremely appealing to buyers in today’s market.
 
Take a look at the features that are highlighted to attract the most potential buyers in 2022.
 
Garden office
Working from home has become a new way of life, and this has caused many people to move entirely in search of better office space.
 
Advertising a spare room which is suitable for a home office with good ventilation, accessible outlets to plug in a computer setup and ample space for a desk will make your home extremely attractive to many buyers. The proportion of listings that mention garden offices, were found to be 11 times higher than a decade ago. That’s an increase of 1,046%!
 
Bi-fold doors
Rightmove reported a huge rise in demand for bi-fold doors, with a 589% increase in popularity compared to 10 years ago. The post-pandemic need for space is thought to be the driving force behind this feature becoming so sought-after, as this enables people to extend and diversify their living space.
 
Orangeries and summer houses
What sets orangeries apart from conservatories, is the bricks in place of glass. The name originates from where fruit trees were stored during the winter months, so that should tell you how cosy and warm these home extensions are. The number of property listings mentioning summer houses has also seen an increase, whereas greenhouses seem to have declined in popularity. Smaller windows allow for a more functional and dynamic space, allowing scope for multiple uses such as home offices, living rooms, and dining space.
 
Underfloor heating
Listings that feature underfloor heating jumped by 114%, as buyers search for more energy-efficient solutions to warm up the house.
 
Underfloor heating is a cleaner, smarter way to heat a home. Using radiant heat technology, under-floor heating gently warms people and objects in the room directly, from the ground up.
 
Open plan living
Open floor plans remain popular among families and busy households due to their better traffic flow and multifunctional spaces. The wide-open space is most desirable for those with larger families as the layout offers a grand communal area. Consider removing a wall that separates your kitchen from your dining room, and your listing will become more attractive to buyers looking for a family home.
 
Looking for advice on how you can improve your property before selling? Contact us today.
 
 



Stricter smoke alarm laws are here – Are you ready?

 
Since October 1st, 2022, the laws around the requirement for smoke and carbon monoxide alarms in rental properties have changed. If you haven’t already made sure you’re meeting all the necessary requirements, we have prepared a comprehensive guide for landlords, so you can get caught up with the new changes.
 
Where do the rules apply?
 
According to GOV.uk, the new regulations apply to all homes rented by private landlords, or registered providers of social housing, unless excluded.
 
Tenancies exempt from the regulations include:
  • Shared accommodation with a landlord or landlord’s family
  • Long leases
  • Student halls of residence
  • Hotels and refuges
  • Care homes
  • Hospitals and hospices
  • Low-cost ownership homes
  • Other accommodation relating to health care provision
Smoke alarms
 
Since 2015, all private rental homes are required to have at least one working smoke alarm on each storey where there is a room used as living accommodation. The only change to this area of the legislation is that it will now also apply to all social rented homes.
 
Carbon monoxide alarms
 
Carbon monoxide alarms are required to be installed in all rooms of a private rented property where there are any fixed combustion appliances such as gas or oil-fired boilers, except for gas cookers. The smoke alarm must be fitted and in working order at the start of each new tenancy.
 
How to test if your alarms are in proper working order
 
You will need to make sure your alarms have been tested and are in working order at the start of each new tenancy. It is as simple as pressing the test button until the alarm sounds, and you should also advise your tenants to do the same regularly. If a tenant reports an alarm is not working during the tenancy and it is found not to be, their agent or landlord is then legally obliged to repair or replace it as soon as reasonably possible. As for battery-operated alarms, it is the tenant’s responsibility to check and, where possible, replace the batteries themselves. If tenants are unable to do so, they should then report this to their landlord.
 
If the alarm is not working
 
As stated above, a faulty or broken alarm must be attended to by the landlord as soon as reasonably possible. If action is not taken, the local authority may issue a remedial notice to enforce the repayment or repair, and the agent or landlord must take specified action within 21 days. If the landlord or agent disagrees to the terms, they may make written representations which will suspend the notice for one week. The local authority will need to respond with their final decision in writing within those seven days, or the notice will be automatically withdrawn.
 
Enforcement for incompliance
 
Although local authority landlords cannot take enforcement action against themselves in respect of their own stock, they will be expected to ensure their housing is safe and they will be subject to these legislative requirements. Like public authorities, local authorities can be challenged by way of judicial review.
 
Local authority landlords are obliged to comply with the regulatory regime overseen by the Regulator of Social Housing.
 
How you can prove you tested your alarms at the start of a tenancy
 
Make sure you keep a record of when alarms are tested, as the landlord is obligated to do so. The local housing authority must decide whether the evidence provided, proves that the landlord has met the requirements of the regulations.
 
The most straight-forward procedure, while going through inventory on the first day of the tenancy, is to have the tenant sign the inventory to record that the required alarms have been tested by the landlord and the tenant is satisfied that they are in working order.
 
We can help you remain compliant. Get in touch to discuss our management packages today.
 
 



First-time buyers: What deposit will you need?

Whether you are thinking about saving for your first house or you have been saving for a while now, the deposit will most likely be the first hurdle on your journey. Here are some of the basics you’ll need to know to help you get a leg up.
 
What is a mortgage?
 
A mortgage is a loan taken out to buy a property or land. Most will run for 25 years, but the term can be shorter or longer depending on the property.
 
The loan is ‘secured’ against the value of your home until it is fully paid off. If you fail to keep up with your repayments, the lender can repossess the home and sell it to get the money back.
 
How much of a deposit do I need to buy a home?
 
Before you start looking at properties, it’s best to get your deposit saved first and foremost.
 
Generally, you will need to save at least 10% of the cost of the home you would like to buy. This figure depends on whether you’re buying alone, in which case you can split the deposit in half. It also depends on current market activity at the time of the purchase. For example, most sellers will ask for a higher minimum deposit during economic headwinds or overwhelming demand, as this ensures that they will achieve the right asking price.
 
Saving above 10% will give you more leverage for the home you want, expand your choices on the market, and secure you a lower monthly interest rate.
 
Help for first-time buyers
 
If you are in a situation where you can only save a small deposit, or you do not have the option to split the cost in half with a secondary resident, there are a range of government schemes available to give you a helping hand on the housing ladder. Options include:
  • Lifetime Individual Savings Account (LISA) – You can use a LISA to buy your first home or save for later life. You must be aged between 18 and 39 to open a LISA. You can put away up to £4,000 each year and the government will add a 25% bonus to your savings. However, there is a penalty for taking money out of a LISA if you are not putting it towards a deposit, or withdrawing after age 60.
  • Equity Loan – This scheme is only available to first-time buyers in England who want to buy a ‘new-build’ house within the relevant regional price cap. You can borrow up to 20% (40% in London) of the purchase as an interest-free equity loan. You do not pay interest on the equity loan for the first five years, but you will start to pay interest in year six. The equity loan payments are interest only, so you do not reduce the amount you owe.
  • Shared ownership – Shared ownership offers first-time buyers the option to buy a share of the home from the landlord, who is usually the council or housing association, and pay a reduced rent on the remaining share. Later, you can choose to buy a bigger share in the property, and ‘staircase’ up to 100% of its value.
Some of these schemes are ending or unavailable in certain locations, so it is important to thoroughly research each one, save as much as possible and seek out bespoke advice about your savings options.
 
Other costs for buying a home
 
When saving for a deposit, it’s important to remember that there are other fees and costs you will need to save for, before you can take the plunge.
 
These include:
  • Survey costs
  • Initial furnishing and decorating costs
  • Buildings insurance
  • Solicitor or conveyancer fees
  • Removal and moving costs
  • Stamp Duty
 
If you are struggling to save for a deposit
 
If you are struggling to save up a large enough deposit to move out within a certain timeframe, there are options available to help you.
 
Family assistance mortgages allow whoever is supporting you to put in a percentage of the money you are looking to borrow into a specific savings account, or they can secure the mortgage against a percentage of their own property.
 
 
Looking for advice on your property circumstances? Get in touch today.
 
 



UK rental market update

 
According to Zoopla, the average rent has risen by £115 per month since September last year, to £1,051 a month in September 2022.
 
The rise is substantially outpacing earnings growth across the country and boils down to a catastrophic imbalance between supply and demand.
 
The lack of supply has led to dwindling options on the market for renters, as rental stock levels sit at around half the number seen on the market in the past five years.
 
Many renters will find themselves in good financial stead, by choosing to stay put in their current rental homes to avoid future rent increases and growing competition elsewhere on the market.
 
Renters return to the city
Growing employment rates in the wake of the pandemic, and a growth in high-quality, purpose-built build-to-rent homes appearing around the UK, is drawing more renters into urban areas.
 
The appeal towards energy efficient new-build homes is proving to be a big pull towards renting in the city, as most new developments tend to be around city centres, and renters will seek out a low EPC rating to stay on top of energy bills.
 
Rents for tenants remaining in current homes rising at a much slower pace
The average renter will move every four years, according to Zoopla, so their data reflects rent prices on new lets for around 25% of the market.
 
However, the Office for National Statistics’ (ONS) rental index outlines rental increases across the board, for both movers and non-movers.
 
The data shows current rents across all rented homes have seen a 3.7% increase, compared to the average recorded in July 2021.
 
Those moving to a new rental property will find the cost of renting 12.3% higher, as rents for new lets are correlating to the decline of supply amid high demand across the country.
 
How much higher can rents go?
While rental affordability varies according to location and income, in the latest English Housing Survey from 2020 to 2021, three quarters of private renters agreed they found rental payments very or fairly easy to meet. The remaining 25% found them fairly or very difficult to pay.
 
The question of how much higher can rents go, will depend on how much headroom renters have, to pay more rent.
 
While competition and demand continue to skyrocket, landlords have no reason to believe there isn’t opportunities for above-average growth in the less expensive areas of the UK.
 
What to expect in the rest of 2022, going into 2023
There are no signs of significantly improved rental supply in the near term, as private landlords continue to sell off homes, and renters remain for longer terms.
 
The imbalance between supply and demand will also remain unwavering, and rents will continue to grow at above-average levels well into 2023.
 
There are clear signs of headroom for some renters to pay more. Especially in areas of the country where rent is already high.
 
There may be a cool-down period emerging further into 2023, but this will come at a slow pace.
 
As well as avoiding rising rental prices, tenants will look to find smaller rental properties to keep their energy bills low. However, the horizons for options on the market should broaden, as the economy begins to recover.
 
The climate of the rental market can only benefit from more homes appearing on the market, which will help to close the gap between supply and demand.
 
Do you have a property to let? Find out how we can help you manage your portfolio, by visiting our website today.
 
 




Rubicon Estates
65 Narrow Street
London
E14 8DP
info@rubiconestates.co.uk | 0207 987 8887