What's happening this month?

Managing properties through the eviction ban extension

Over the course of the eviction ban for residential tenancies, the government have looked to balance support for tenants and landlords, helping those unable to meet their rent payments whilst recognising the strain this puts on landlords who may depend on the income.

As of June 1st, notice periods were reduced from six to four months for residential tenancies.

This is except for situations including anti-social behaviour, with a shorter notice period of two weeks.

Compared with homeowners, it's estimated that tenants are more than three times as likely to be behind with rent or bills, 6% and 19% respectively.*

With courts still prioritising hearings based on severity, it's important to look for a resolution to rent arrears or disagreements where able between parties.

As leading lettings agents, we facilitate communications between landlords and tenants to offer our expert services.

What about for commercial landlords?

Whilst the ban has lifted for residential agreements, the ban on evicting firms for unpaid commercial rent is to be extended for a further nine months.

Many businesses within the hospitality sector are yet to reopen and resume trading as normal, all the while accruing an estimated £5bn in rent debt.

If you need advice about the eviction ban, go to GOV.UK.

Want help managing your property? Talk to our team today.

*YouGov

Post-pandemic predictions for the property market

After 18 months of uncertainty, the UK property market has seen some incredible highs and lows, from the sector closing and reopening last spring, to the impact of the stamp duty holiday on residential transaction levels.

For those looking to buy or sell in 2021, here are the top projections on what will continue to shape activity levels in the coming months.

House prices at a record high

Initially propelled by the stamp duty holiday, house prices have risen by 10.2% in the year to March 2021, with vaccine optimism now fuelling high demand levels.*

With a tapered end this September, homeowners can still save £2,500 on the first £250,000 of a property due to the stamp duty holiday, meaning that sales will continue to push up prices this summer.

If you haven't had a recent valuation of your home, talk to us today to gauge its current value.

The long-awaited return of overseas property investors

Travel has been made all-but-impossible for most travellers.

However, with vaccine programs being rolled out in other countries as well as the UK, we should soon see the return of overseas buyers looking for their next investment opportunities.

This will be key to help the market fully recover from the events of 2020, particularly for the construction sector.

Country locations increase in popularity

Remote working became the norm for most of the country's workforce in 2020, which gave people the freedom to move further afield.

As outdoor space went up in our estimations, the need for a perfect commute distance became less important, leading to more buyer activity as homeowners and tenants found themselves restless with their current accommodation.

More space for remote workers

For those whose job will continue to operate remotely, a home office or designated workspace is essential.

Larger properties are in short supply, making it the ideal time for homeowners to sell up.

Commercial spaces transformed into residential properties

Commercial spaces are being left empty, as many people are now opting to work from home, where able.

This means that many offices have closed permanently, leading the owners to convert them back into residential properties.

Overall, this could have a massive impact on the market.

Do you want to know your options buying or selling this summer? We'd like to offer you a consultation, visit our website to learn more.

*ONS

What’s driving property prices?

Asking prices continue to climb, with several key reasons to explain why this is happening after the emergence of a global pandemic.

A record number of people are looking to move

If you cast your mind back to a pre-pandemic time, the property market was faced with extraordinary pent-up demand due to Brexit concerns, as buyers and sellers put their plans on hold.

Before this pent-up demand could be fully alleviated, COVID-19 made its way across the globe in spring 2020, shutting down the property market along with most other commercial sectors.

The government were quick to launch schemes and support to encourage a return of activity, with tremendous success last summer, mainly driven by the extended stamp duty holiday.

Following all of these delays, demand for homes continues to dominate market headlines.

Over 180,000 properties were listed on Rightmove in the last month, with homes selling above asking price doubled from previous figures.

Stamp duty savings

Ending on June 30th, the stamp duty holiday caused a market rush, which meant that asking prices rose at an incredible rate.

Having extended the initial savings period once already, the government introduced a tapered end to the SDLT holiday, taking us up to September 2021 with £2,500 available on the first £250,000 of a property.

Record low interest rates

With interest rates low, more people have been enticed to upsize to bigger, more expensive homes.

If you're looking to take advantage of better rates, we'd recommend speaking to a mortgage professional about your options.

Looking to sell? Book a valuation today.

New build homes at a 21-year high

Over 49,470 new build properties were completed in the first three months of 2021 – the highest figure recorded in 21 years.*

Why are so many new homes being built?

In 2020, building projects came to a sharp halt with the closure of construction sites as well as the country's housing market.

As measures began to be introduced to provide COVID-secure premises, work was once again able to resume in 2021, leading to a sharp increase in the number of house building plans in light of pent-up demand.

Who does this affect?

The pandemic has led to a year-long market boom, with prices skyrocketing and high buyer enquiry levels putting pressure on the market to deliver a greater supply of available homes.

With many of us weighing up our priorities, light and space have become more important, causing waves of home movers to uproot themselves in the search of more fitting properties.

Given this trend, it's no surprise that 81% of new builds in the first quarter were houses rather than flats, as larger family homes have become the most sought-after property type of 2021.

Why is this great news for the industry?

Typically, between 240,000 and 340,000 new homes are needed every year to keep up with demand.

The pandemic has meant production of these houses has had to slow down, meaning that the 21-year high is welcome news to developers and buyers alike.

Another key development within the sector is the conversion of commercial spaces into stylish, residential properties, as more companies establish hybrid or remote ways of working.

If you’re looking to buy a new build property, contact us today to see our selection of homes on offer.

*Ministry of Housing, Communities and Local Government

What’s next for the property market?

Having contributed to record-breaking sales numbers over the last year, we consider what's next for the property market following the approaching end of the stamp duty holiday.

For first-time buyers

Introduced by the government this spring, the 95% mortgage guarantee scheme has encouraged lenders to offer lower deposit options, paving the way for the return of first-time buyers wanting greater flexibility and freedom becoming homeowners.

This scheme is set to close to new applicants in December 2022, with the government’s total investment expected to reach over £20 billion.

Flexible mortgage schemes

In support of the government's help-to-buy option for first time buyers, we are seeing banks and developers coming together to create other schemes that could essentially replace the government’s help-to-buy scheme when it comes to an end.

An example would be the Deposit Unlock Scheme, which provides buyers with a package that allows them to buy new build homes up to a value of £330,000, with a 5% deposit and 3.5% mortgage rate – fixed for two years.*

High street banks are also beginning to offer 5% mortgages, which offers to lend buyers an extra 10% of a traditional 15% deposit, requiring buyers to only front up 5% themselves.

Looking ahead

Existing and new incentives will boost a drive in the first-time buyer market and are likely to have a similar impact as the SDLT holiday.

Other new schemes could involve cuts to SDLT rates, particularly with second home purchases in order to get this section of the market moving again.

Are you looking to buy this year? Get in touch with us today.

*Newcastle Building Society

Why does market activity peak in August?

For the past 12 years, reports show that August has been one of the most popular months for home moving, with a third of movers choosing to buy or sell between June and August.*

Whilst typically homeowners would expect to fare best by listing earlier in the season, the same won't be said for 2021.

Fewer Brits are predicted to travel due to restrictions, meaning there's plenty of time to spend house hunting instead, as well as save towards deposits and moving costs over paying for flights and accommodation.

What’s the most popular day to move?

One in four pick Fridays for their moving day, giving themselves all weekend to unpack and settle in, with activity likely to peak ahead of the Bank Holiday weekend.**

With the stamp duty holiday ending 30th September, this could mean delays for buyers and sellers who aren't prepared in advance, particularly for those relying on moving companies for the big day.

19% of those who bought up to 2018 experienced delays due to the sellers vacating their homes late or not having funds clear in time, so it's important to communicate with other parties in your chain to establish any potential problems before they materialise.**

Why move this summer?

A summer move gives you the best conditions to market your property and have the best weather for the move in period.

If you'd like advice on why you should choose now to list your home or make your next move, we can help.

For advice on buying or selling, contact us today.

*Property Reporter

**Homeowners Alliance

Surge in sellers renting ahead of their next move

With the sales market continuing to boom, many homeowners have secured a high price for their home in 2021, choosing to put themselves in a stronger position by renting during this stop gap period.

If you’re living in a rented property, you are normally able to move quicker due to not being part of a chain.

Rather than feeling pressured to act fast, this means that you're able to negotiate for the property and price you want.

It's also an incredibly sought-after position to be in when a vendor chooses who to sell to, as without a chain, the sale will be more likely to complete instead of falling-through.

The number of sellers looking for rental homes has contributed greatly to the dwindling stock of rental properties and consequently increasing rents. As a result, there were nearly half the number of properties on the rental market in July than this time last year, with the numbers continuing to drop.*

This is encouraging for landlords, as their properties are in demand with void periods falling rapidly.

But it’s not just homeowners looking to rent.

Due to the pandemic, many tenants no longer have to be tied down to one location.

With working from home now the new norm, a short commute is no longer desirable and moving away is more feasible. This year, 49% of tenants moved just because they wanted to live somewhere different, as opposed to moving from necessity.**

Are you looking to sell your home or put your property up for rent? Our dedicated team offer free, accurate and no-obligation valuations for both the sales and lettings market.

Find out how much your property is worth today and book your market appraisal.

*This is Money

*Estate Agent Today

What does the supply-demand imbalance mean for you?

Vendors have benefited from the supply-demand imbalance seen across the market in 2021, with 40% of properties selling above their original asking price, making conditions optimal for selling.*

What makes conditions optimal this autumn?

1) Low stock

Due to the pandemic, many people were put off selling their homes whilst the construction of new build properties came to a halt, causing a dip in housing stock.

This means that the homes currently on the market are being snapped up faster, with serious buyers putting offers in much sooner than they otherwise might have done.

2) Increased demand

With UK restrictions easing, buyers are now competing for properties, with 36% of homes attracting offers from three or more buyers.*

Many who originally put off moving due to the pandemic are now looking to relocate, causing a huge increase in demand and sparking bidding wars between buyers.

3) Mortgage rates

With the number of available UK mortgages on the rise, lenders are competing to attract more customers with low-interest rates and low-deposit mortgages, giving buyers more choice than ever when it comes to choosing the correct financial option for them.

Need a helping hand selling your home? Get in touch with our team today.

*Property Reporter and Which?

Will working from home be your new norm?

Last year, the number of adults who worked from home inevitably increased to 37% over lockdown.*

Despite many people agreeing that working from home makes them feel isolated, 85% of homeworking adults now favour a "hybrid" approach of both home and office working for the future.*

Whilst job adverts that included home working have increased dramatically to three times the amount seen last year.*

Are you currently working from home?

Here are our top tips on how you can create a healthy working environment.

1. Keep moving

When we work from home, we tend to be a lot less active than in an office environment.

Exercise is the key to staying in good health, so a lunchtime walk has many benefits and will keep you productive for the rest of the day.

2. Look after your eyes

Looking at a computer screen for hours can be taxing on your eyes.

Aim to follow the '20/20/20 rule'. That means that every 20 minutes, look 20 feet away for 20 seconds, this should help your eyes recover from the strain.

3. Create boundaries

It can be tempting to work longer hours from home but remember to have boundaries between work and home life.

Having a home office can be beneficial as a designated workspace that you can leave at the end of the day.

If you don’t have a home office, why not consider picking a space in your home that will be your professional sanctuary.

4. Put a plant on your desk

Plants can play a major role in creating a more peaceful, yet engaging workspace.

5. Natural light is important

Natural light is good for your eyes and mind.

If your home office doesn’t have any windows, make sure you have plenty of lamps producing light.

6. Invest in a decent coffee machine!

Standing up and giving yourself breaks from your computer screen is important.

Getting a coffee can be a well-earned break from work and give you some extra energy to get through the day.

With career changes higher in September than any other month of the year, are you looking to relocate? Contact us today to see our latest listings in your area.**

*National Office for Statistics

**Job search website, Monster

Rents rise at fastest rate for 13 years

The lettings market is booming, with properties letting almost a week faster than in 2020.

Now the pandemic is easing, people are returning to the city centres, which is causing an increase in demand and a shortage of available rentals on the market.

Rents outside of London have increased at their fastest rate since 2008, reaching £790 PCM on average.

Whilst rents outside of London have shot up by 5%, London landlords are also seeing a rise in value.

The average rent in London now stands at £943, up 2.1% compared to last year.

Affordability has remained consistent across this period, with average earnings increasing faster than rents, ultimately showing signs of healthy growth in the buy-to-let sector.

With tenant interest 80% higher than the average between the periods of 2017 and 2019, demand is still outstripping supply of rental properties.

What is causing this spike in demand?

- Students returning for the academic year

- Returning demand for city properties post-lockdown

- Level of rental homes decreasing by 13%

This mismatch in supply and demand has forced rents up and led to the rental market’s fastest paced year since 2016.

If you want advice on any aspect of the rental market, or are interested in a rental valuation, contact us today.

*Zoopla Rental Market Report

UK property prices up 13% compared to pre-pandemic

When the stamp duty holiday came to an end, it was expected that the home buying frenzy would tail off, however, prices and demand continue to soar.

There are currently 24% fewer homes on the market than this time last year, with higher than average enquiry levels and interest per property listed.**

Even when SDLT savings dropped from £15,000 to £2,500 earlier this summer, house prices were 11% higher when compared with August 2020, as increased demand led to competitive offers from buyers.*

For August 2021, the average price sat at £248,857. That has risen by 13% since the start of the pandemic, and an increase of £5,000 in the space of one month.*

Levels of demand are set to continue climbing as borrowing costs remain low. The fact that these costs have remained low has caused consumer confidence to grow, increasing demand further.

Experts predict that in autumn 2021, the property market will continue to see promising transaction levels, whilst by 2031, the average house price will have jumped by 30%.***

Our property experts can give you a reliable and free market appraisal, so that you know exactly how much your property is worth.

Book your valuation today.

*Nationwide

**Zoopla

***Based on trends from the Office for National Statistics

UK property prices up 13% compared to pre-pandemic

When the stamp duty holiday came to an end, it was expected that the home buying frenzy would tail off, however, prices and demand continue to soar.

There are currently 24% fewer homes on the market than this time last year, with higher than average enquiry levels and interest per property listed.**

Even when SDLT savings dropped from £15,000 to £2,500 earlier this summer, house prices were 11% higher when compared with August 2020, as increased demand led to competitive offers from buyers.*

For August 2021, the average price sat at £248,857. That has risen by 13% since the start of the pandemic, and an increase of £5,000 in the space of one month.*

Levels of demand are set to continue climbing as borrowing costs remain low. The fact that these costs have remained low has caused consumer confidence to grow, increasing demand further.

Experts predict that in autumn 2021, the property market will continue to see promising transaction levels, whilst by 2031, the average house price will have jumped by 30%.***

Our property experts can give you a reliable and free market appraisal, so that you know exactly how much your property is worth.

Book your valuation today.

*Nationwide

**Zoopla

***Based on trends from the Office for National Statistics

Back to back awards for Henderson Connellan!

We are delighted to announce that for five years running, Henderson Connellan will appear in the 2022 Best estate agents guide for the UK.

In fact we are in the top 4% of estate agents in the country for Sales and Lettings combined - we’ve been told that this is an extraordinary achievement and we are so proud.

This is even more important because this is the only award in the country that measures every single agent (over 29,000!) and every property listing, assessing millions of data points on each agent through Rightmove, followed by a mystery shop exercise demonstrating our customer service and a full website assessment.

This amazing result is a true reflection of the overall quality and excellence running throughout the Henderson Connellan team.

We would like to personally thank all of our clients both past, present that have placed trust in our company over these unprecedented times that we find ourselves in.

Stay safe.

Reasons to sell right now

From apartments to family homes, the average asking price of a property has risen to record levels around every region of the UK.

Whilst some people will choose to wait until the 2022 market has officially started, we have four reasons why it's the ideal time to ready your home for your new year sale right now.

Your home will be in front of a record number of potential buyers

The amount of people looking to relocate continues to outweigh the number of homes available for sale.

Furthermore, it's an immensely competitive market following the last year of intense activity and interest, with Rightmove and Zoopla reporting that they see the highest visitor numbers in the days after Christmas year-on-year.

You could get a better price for your home

Asking prices have hit record heights in 2021, so if it's been a few years since you last learned your home's value, you could see far more than you ever expected.

The budget for your next home might have changed

Depending on your property priorities, you might find that your dream home is within reach, as location is no longer the most desirable characteristic and demand levels are influencing price points on the market.

Favourable mortgage interest rates

Mortgage interest rates continue to stay low, and lenders remain eager to propose loans in the competitive market, helping you to secure your next move that much faster.

Find out your home’s true value with us today by booking your market valuation.

Tenant demand is still high!

According to a recent survey of landlords, tenant demand is only increasing across 2021, with record heights seen in the third business quarter of this year.*

Seven in ten landlords (69%) have remarked on this development within the lettings sector. Of those, 36% believe the increase to be 'significant'.

The highest levels of confidence were present in the South West and South East, where 79% and 74% are seeing promising conditions for investors.

Key drivers behind the rise in tenant interest include factors relating to the pandemic, seasonal trends and the new wave of graduates starting new jobs or students beginning the academic year in rented accommodation.

Have you been considering expanding your portfolio?

Ahead of the new year, we'd urge you to consider your options as a landlord. For a profitable 2022, here are some items you should be taking the time to review:

1) What are your tenant screening processes?

Whilst the eviction ban has lifted, if there's one thing the last year has taught us, it's to prepare for every eventuality.

You need to have rigorous checks in place to secure the best financial future for yourself and your investments, so rather than go it alone, you could defer to an experienced lettings agent in your local area to help you locate reliable tenants.

2) Larger homes have seen the steepest rise in value, but regardless of your property type, it is worth having the rental value re-assessed so that you don't lose out on your rental income.

3) Are you safeguarded against any future losses?

If tenants can't or won't pay, rent guarantee insurance can offer you a lifeline when it comes to keeping up with your mortgage payments and outgoings in the meantime.

Do you need to speak with one of our trusted local agents? Visit our website today.

*Paragon Bank

Top tips to avoid damp and other damages

Caused by a lack of proper ventilation or condensation, damp poses severe health issues to inhabitants where left untreated.

With the problem more prominent in the colder months, we take a look at some of the precautionary measures you can take to protect yourself and your home.

Clean down windows and sills every morning

Mould can’t grow and thrive without moisture, so it’s important to dry wet areas where condensation has formed as soon as possible.

A kitchen towel, window vac or a squeegee will work very effectively.

Contain steam from cooking

When cooking, ensure you cover your food, pots and pans.

Closing the kitchen door whilst cooking is also a good idea, as this prevents steam from escaping the kitchen.

Get rid of bathroom moisture

Showering or bathing can cause a large amount of steam and moisture to build up.

To prevent this from happening, open the windows wide enough for the steam to leave the room or use exhaust fans to channel moisture to the outside of your home.

In order to avoid the growth of mould, clean bathrooms with mould-killing products.

How to get rid of rising damp

If damp and mould happen to get out of hand, speaking to a qualified surveyor is the best solution.

They will take a moisture reading in your home, identify the issue and give you advice on how you can resolve the situation.

Want help managing your property investments? Talk to us.

What are your house guests most interested by?

Through the use of eye-tracking technology, new research has shed light on the key factors that guests will notice the most when visiting our homes.*

As could be expected, an office space is one of the most eye-catching areas of a property, which makes sense considering the rise in working from home in the last 18 months.

Top 10 areas that guests find most eye-catching

- Office chairs

- Kitchen floors

- Child’s cot

- Throws on a bed

- Kitchen cabinets

- Bathroom mirror

- Drawers under the sink

- Home office computer

- Child’s bookcase

- Bedroom chest of drawers

After the home office space, kitchens were the next room to draw attention from guests, with the choice of flooring attracting 100 more views than for the cabinets or sink.

Whilst it still remains essential to present your cooking area in the best light during any property viewings, the findings actually showed that hobs and extractor fans were the least interesting spots in the kitchen.

Are you ready to consider your next property sale or purchase? Talk to us about your home's core unique selling points.

*Confused.com

When is the right time to put up your Christmas tree?

When it comes to decorating for Christmas, there's no right or wrong answer but everyone seems to have a different date where it's seen as acceptable to make a start.

Last year was unlike any other, with a last minute lockdown disrupting plans for households across the UK.

With the pandemic under better control in 2021, research suggests that Brits will be hitting the holidays even harder this year to make up for lost time with friends and family.

So, when is the right time to dress the tree?

Right after Halloween

Whilst too early for some, the putting away of pumpkins is the signal to switch gears and stage the room for the festive season.

Of those who opt for a post-Halloween set up, 22% find that decorating ahead of time relaxes them and 32% can get more excited for Christmas.*

Decorations are going up even earlier this year

Online searches for Christmas items have surged by 225% on major consumer websites like Selfridges and John Lewis, with shoppers keen to purchase lights, wreaths and trees before the risk of them selling out.**

Are you looking to sell or list your property before the end of 2021?

Even if there's a small possibility you'd be looking to get your home market-ready before the new year, it would be recommended to hold off the decorations until you've had your home appraised and the marketing photos taken, as these could date your property on the market.

For more information, contact us today.

*Not on the High Street

**House Beautiful

Which room in your home is the best value for money?

Whilst it might be the furthest thing from your mind right now, making home improvements is the perfect way to spend all that extra time indoors.

In order for you to know where to concentrate your energy, we've outlined the rooms considered 'best value'.

Perhaps unsurprisingly, the best-valued room has been revealed as the master bedroom, where we spend an average of 2,482 hours a year.

A recent study from comparethemarket.com has shown that Brits spend £308.51 each year on renovating the main bedroom, which makes sense when we consider just how much the room is used.

The average person spends about 26 years sleeping in their life, which equates to 9,490 days. We also spend seven years trying to get to sleep, totalling 33 years or 12,045 days spent in bed!

With the pandemic forcing more of us than ever to work from home, it is no surprise that the home office follows the bedroom for the room most used within our households.

It seems we enjoy improving our culinary skills as well as our homes, with Brits spending just under 800 hours a year in the kitchen. With many people adding renovations to their New Year’s resolutions list, it is important to know which room to do first.

If you are thinking of making changes to improve the value of your property, it is best to start with the kitchen or bathroom.

When buyers view a property, nothing grabs their attention more than a stunning kitchen or a modern bathroom. These improvements don’t have to break the bank to go a long way in impressing prospective owners.

If you’re improving your house for your own purposes only, it’s best to start with the room you would notice changes in the most.

To get your home valued or browse our latest properties, visit our website.

Prepare your property for a February sale

Time to pack up the decorations, Christmas is over and 2022 is here!

If you’re preparing to sell your property this year, then you might be unsure about what you need to do beforehand.

Don’t fret, we’re here with a list of top tips to help get you ready to show off your property.

Create a good first impression

Remember that the first impressions of your home are essential during a sale.

With that in mind, making sure your home’s exterior is visually appealing and attractive will be your biggest priority in preparation for listing.

We’d strongly recommend that you take the following into consideration:

Clean your windows, it’ll be easy to notice if you haven’t!
Give your front door a lick of paint to freshen it up and make your entrance feel more welcoming, you can easily do this by replacing the doormat if yours is looking a little tired.
Tidy up your hall by removing any post.
Remove weeds from your path and tidy your garden.
Make space on your driveway for visitors to park.

Upping your presentation

It is also important to ensure your home’s interior is presented in its best possible light, as this will provide buyers with a vital opportunity to picture how they will fit into the living space.

A simple suggestion, but one which can have a massive impact, is to declutter. Removing large bulky items from view will help maximise your home’s space.
Let in the light by keeping the curtains open, windows clean and any natural sources of light clear to give your home as bright a feel as possible.
Make sure all rooms are heated prior to viewings, even those you don’t use often, to provide your home with a cosy feel during the winter months.
Keep your bathroom and toilets clean, free of mould and tidy, and make sure your toiletries are kept to a minimum.

Time-consuming as it may seem, keeping your home organised and welcoming will put you in good stead for when the viewings start.

Remember; visitors need to be able to imagine themselves in your home!

For further guidance on selling your home, contact our expert agents today.

Tips to speed up your home move

There are some elements of a home move that may be out of your hands. That said, if you're prepared and communicative, you can certainly have an influence on the overall process and reduce any additional delays.

Respond in a timely manner

This might be an obvious tip, but it’s not uncommon for buyers or sellers to take their time when responding to something simple.

When you receive documents to fill out, it’s important that you don’t dwell on the task for too long.

It can be tempting to leave paperwork to the last possible minute, but if possible, you should set aside time within a couple of days of receiving them.

Be flexible

Right now, there are many things that could force you to compromise and deviate from the initial plan.

For example, if you’re scheduled to move in the next two weeks, but the buyer would like this to be earlier, are you able to compromise?

It might be worth considering outlining your limitations from the beginning so everyone can plan accordingly. This will avoid any surprises later on.

 
Organise your questions beforehand

If you need to make an urgent call regarding your home move, write down all the questions you might need to ask before you pick up the phone.

This will allow you to get the answers you need in just one call, instead of having to go back multiple times as and when you think of new queries or concerns.

Ask away when choosing your solicitor

Whether you've been recommended a solicitor or you've found one for yourself, it's always a good idea to call them before making your choice, as you need to determine if they're the right fit for you and your property.

If you’re unsure about what you could ask, use some of the following questions:

- What should I expect from the process?

- How will I know when tasks are completed?

- How will you communicate with me?

- Are you aware of any delays which might occur?

If you’re looking to move home, browse our latest properties or speak to us today. 

Is yourNew Year’s resolution to renovate your home?

Setting New Year’s resolutions is a long-lived tradition and many homeowners may be looking to set a property goal for 2022.

Investing in a home improvement project can be a great way to add value to your property, so could this be one of your resolutions this year?

If so, here are a few tips on how you can get started with your renovations...

Make a schedule

Before you begin your renovation, take a step back and create a plan you can stick to.

This will ensure you don’t commit yourself to too many tasks, allowing you to remain stress-free and organised.

Allow for extra-spending

Everyone loves to save money where possible. However, a stringent budget may cause your goals to fall short.

When renovating, include an extra allowance in your budget in case you need to overspend.

Take the time to carefully save so you don't find yourself struggling unnecessarily and focus on the little tasks which won’t demand too much expense.

Have goals that are measurable

When starting a project, it is natural to want to see immediate results.

Depending on just how much work is required, you might want to consider planning out key milestones that will signal when the next phase of development has been reached.

That way, you won't lose heart from any potential setbacks or delays.

Ensure you can’t forget your resolutions

Plaster reminders of tasks you need to complete all over your home, meaning you can’t miss or avoid them.

Whether it’s a big A3 poster or a post-it note on the computer, this will keep your goals fresh in your mind.

For more property ideas or inspiration, talk to our team today about the renovations that add real value to your home.

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

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.

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

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

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.

Average UK rents rise to £1,159 PCM

Houses aren’t the only things seeing a rise in prices, as every area of the UK recorded a growth in rent prices during September. Greater London alone saw a 2.5% increase, which helped to drive the average rent in the UK to £1,159 per calendar month. This is a notable 1.4% rise from the previous month.

Data from lettings insurance company, HomeLet, reveals that average rents across the UK (Excluding London) now stand at £971 PCM, a jump from 1% between August and September. Their Rental Index also found that the North-East saw the second largest monthly variance, with rents rising by 2.4% between August to September, boosting the average rent up to £609 PCM.

These figures are from data on achieved rents for just-agreed tenancies arranged in the most recent period – this provides a detailed insight into the lettings market, its current trends and consumer behaviour across the UK.

Why are rents rising?

UK rental growth has long been driven by mounting rental demand, and increasingly limited supply. This creates a cycle, whereby rising rents mean tenants are staying put, rather than moving to a property where they could end up paying more rent - contributing to the lack of supply which drove rents up in the first place.

Zoopla found that tenants are staying in rental properties for an extra five months in 2022, compared to five years prior.

Rightmove also acknowledged the same phenomenon, and noted that the number of new rental listings peaked for the year in June 2022.

Tim Bannister, Rightmove’s director of property data, said: “A shortage of rental homes and strong demand for the properties available has led to a greater number of tenants choosing to renew their leases and stay put, rather than re-enter a competitive rental market.”

“People who had been waiting to see what happened last year are now being faced with record rents, and so are seeking out properties where they can have more certainty over their outgoings, with all bills included becoming increasingly sought after.”

Will rent prices go down in 2023?

Most experts forecast that rents will continue to rise into 2023, albeit at a slower pace, as the cost-of-living crisis continues to take its toll on household incomes.

But, the localised element of the market means areas where demand is at its highest, could see rents continue to grow.

Rightmove’s Tim Bannister stated that it will take time for the difference between demand and supply to level out to see rents fall.

“The story of the rental market continues to be one of high tenant demand but not enough available homes to meet that demand,” he noted.

“The wide gap that has been created between supply and demand over the last two years will take time to narrow. Until then, this imbalance will continue to support asking rent growth. This has led to our revised forecast of an 8% rise in asking rents by the end of the year up from 5%.”

As demand rises, is your portfolio expanding? Let us help you. Our fully managed service takes the stress out of letting - find out more today by visiting our website.

*HomeLet

** Rightmove

One in three properties receive an offer one hour after viewing

The housing market once again exceeds expectations after a poor reception from the chancellor’s mini-budget and regular talk of a possible slowdown, as current research suggests that in 2022, almost a third (31%) of properties are now receiving offers within an hour, compared to a mere 7% in 2018.

Over a five-year period, almost one in five (17%) properties received an offer within one hour of a viewing. An even more notable 7% of buyers made an offer on a property without attending an in-person viewing, according to data from MPowered Mortgages.

The data also outlined that properties receiving an offer in a day is up over the same period, rising from 26% in 2018, to almost half (48%) by 2022. Around 12% of homes have received an offer without a viewing this year, which could be a result of social norms shifting in light of the COVID-19 pandemic, where remote/virtual viewings became the new normal. The data showed a substantial jump in buying without viewing, up from 7% in 2018.

Strong demand and competitive buyers

To find out more about current buying behaviour, the fintech mortgage lender has launched a House Pace Index, driven by market conditions, government intervention within the property market, and consumer behaviour of wanting to ‘buy now’.

The research revealed that 38% of properties that have been placed on the market in the last five years received an offer within the same day of a viewing, with only 14% securing an offer after a second viewing.

The data also suggests that the younger generation are most prepared out of all age groups to take a more eager approach, with 18–34-year-olds acknowledged as most likely to adopt this mindset towards house buying. Some admitted to making an offer before seeing a property, in comparison to just 5% of 35–54-year-olds.

The average age of a first-time-buyer in the UK currently sits at 34, which is why this age group being quick to act could be pinned down to a lack of experience, coupled with fewer mortgage deals available on the market, the study suggested.

Tunnel vision

The data from Mpowered Mortgages also showed that, before making a first offer, buyers are seeing an average of three properties, while 40% of buyers only view two properties before deciding to make an offer on the home they set their sights on.

Pressure on buyers resulting in quick offers

The market is thriving with historical rates of activity as buyers race to secure their ideal property in the midst of a chronic imbalance between supply and demand. The current market climate and data findings show that offers are being made extremely quickly, despite common belief that a ‘slow-down’ is on the horizon.

Stuart Cheetham, CEO at MPowered Mortgages, commented:

“The race to find a home can be a daunting prospect even more so now in an environment where mortgage rates are rising as part of the cost of living. Of the many hurdles a homebuyer faces, one element that can be largely controlled is the certainty of their mortgage and this will be even more important as rates continue to rise.”

Considering selling? Take advantage of the buoyant market and get in touch with us today to book your valuation.

Your November home checklist

With Christmas on the horizon and a chilly winter around the corner, there are many things to look forward to (and prepare for) at this time of year. To get your home ready in time for winter’s festivities and inclement weather, now is the perfect time to start preparing.

Replace floor protectors on chairs

Particularly if your home has hardwood floors, the influx of guests brought in by the festive season could result in your dining chairs scraping and scratching your flooring. Check their feet, and add or replace floor-protecting pads if necessary.

Check paths, stairs and railings for safety

As icy mornings set in, your pathways will become more slippery, and could lead to risk if the footing is uneven or a railing isn’t sturdy. Be sure to inspect the outside of your home, paying special attention to walkways, stairs, and railings, and make repairs where needed, before the evenings grow even darker and the temperatures drop.

Welcome nature into your garden

Although hibernation season is upon us, there are still some critters and feathered friends who could use extra help when wild food becomes scarce and water sources freeze. Create a safe spot for nonmigrating birds, by keeping your feeders full and replenishing any water sources in your garden daily. You could also consider adding a bug hotel in your garden, so our pollinators and their friends have somewhere warm and dry to rest.

Get a head start on Christmas prep

If you plan on hosting around the Christmas period, it’s a good idea to take some time now and prepare a few things in advance. Polish your special occasion silverware and favourite plates, clean and iron the fancy linens and tablecloths, and plan out your dining table décor – you’ll thank yourself later.

Deep-clean the bathroom

Aim to schedule a deep clean of the bathroom and guest toilet, so that a quick surface wipe-down will be all you’ll need to get things looking spotless again during the festive season.

Cover any gaps

Minor misalignments of windows and doors, or cracks in the walls may not seem like much of an issue, but your home could lose a considerable amount of heat, and rainwater has a better chance of entering. Check your home for any gaps and cracks and make sure they’re sealed – whether it’s through DIY or investing in a tradesperson.

Remove the last of the autumn leaves

Aim to fit in a gutter-cleaning session once the last leaves have fallen — but before the first fall of snow.

Fix plumbing issues before waiting times skyrocket

If you’re experiencing problems with your plumbing, don’t wait until the busy festive season, when it may be more difficult to find an available plumber. You’ll avoid a Christmas without running water if you fix it now, before the issue worsens over winter.

Bring bulbs indoors

Potted bulbs make a lovely, thoughtful gift, and if you’re potting them for yourself, it’s easy enough to make a bunch to give away throughout the holiday season.

Stock up for winter

Dark, icy, and snowy mornings are hardly the ideal time for last minute trips to the shop for essentials. Taking the time now to stock up on winter gear and supplies will ensure less stress when the weather is not all that desirable.

Check scrapers and de-icers; replace as needed
If you use a fireplace or wood stove, order extra firewood
Stock up on pet and plant safe ice melt
Replenish emergency kits for car and home

If you’re considering selling in November, we can help you. Book a valuation today.

The ultimate end of tenancy cleaning guide

The definition of the word ‘clean’ can vary from person to person, which is why most deposit disputes between landlords and tenants arise around the end of tenancy cleaning. It is the tenant’s responsibility to hand the property back over to the landlord in the same condition they found it in on move-in day, and most would prefer to do so without having to fork out for professional cleaning.

Tenants are not obligated to pay for professionals to clean the property if it is left in good condition. This is why a ‘deep clean’ is pinnacle, as dust and dirt can collect in every nook and cranny and is easy to miss during everyday clean-ups. Once you’ve packed up your personal items, you should tick all of these key cleaning steps off your checklist before handing the keys over:

Planning in advance

Cleaning an entire property from top to bottom can feel overwhelming, so it’s important to start planning early and budgeting for any necessary equipment. A deep clean will take more planning and effort than a typical spring clean, so make sure you allow yourself enough time, and factor in how long cleaning will take on top of your move.

One step at a time

The larger tasks in each room might call for your attention first and foremost, but the best protocol is to take things one room at a time. This way, you won’t find yourself overwhelmed and burnt-out early into the process, as cleaning from one room to the next allows a sense of order and you won’t end up forgetting the smaller details which matter just as much.

Deep cleaning

It’s best to make sure the property is completely empty before completing a deep clean, as personal items can get in the way, and you might end up having to go over the same areas more than once. A deep clean can match the results of professional cleaning if you put in the effort and attend to all of the essential tasks, these can include:

Mopping floors and tiles
Hoovering and steaming carpets and rugs
Cleaning and polishing taps and other water fittings
Removing cobwebs from walls, ceiling, and skirting boards
Cleaning windows, doors, and handles
Degreasing the hob, oven, and all components
Dusting and polishing surfaces, such as tables and sideboards
Removing limescale from sinks, showers, and bathtubs
Scrubbing and disinfecting the toilet
Removing mould from walls and tiles
Wiping down kitchen cabinets and countertops
Cleaning all appliances (kettles, toaster, and microwave etc)
Emptying and cleaning the fridge and freezer
Cleaning out large appliances like washing machines or dishwashers
Emptying and cleaning bins (inside and outside ones)
Sweeping and tidying outside areas
Hoovering mattresses and sofa cushions

Check the cupboards and drawers

A kitchen can appear clean at a glance, but once you start opening things up, you’ll probably find that there is more work to be done. Make sure all the cupboards and drawers are completely empty and clear of any food residue or marks left by pots and pans. Try sticking to gentle cleaners such as dish soap and water as harsh chemicals, and too much water can damage the cabinets.

Defrost and descale

If your landlord provided the property with white goods, it’s your responsibility to leave them in the condition you found them in. You can descale the kettle by filling it with equal parts white vinegar and water and bringing it to a boil. As for the freezer, use disinfectant to ensure it’s completely clean before unplugging and leaving the door open to allow any ice build-up to melt.

If you’re considering the points within this article, you may be on the hunt for your next rental property. Browse the homes we have available.