Welcome to your monthly property update!

Welcome to your monthly property update!




Good news. Lower mortgage interest rates could be on the way!

 
Mortgage interest rates have been falling slowly, and with the recent announcement from the IMF (International Monetary Fund) that inflation rates are predicted to fall towards pre-pandemic levels, analysts suggest that UK fixed-rate mortgage rates could reduce significantly. The really good news is that this could take effect in a matter of months. Forecasts have predicted that interest rates were due to start falling in 2024, with a further reduction in 2025, and this announcement simply speeds up that process.

Why are mortgage interest rates falling?
In the later stages of 2022, interest rates rose significantly, and the recent increase of 0.5% is believed by economists to be the peak of the rise. This creates confidence in the banking sector, so much so that mortgage interest rates are falling below 4%.* Economists are also predicting inflation to fall in the coming months, which will also help reduce interest rates.

House prices up to now
Average house prices increased by 5.5% in the year to February 2023.** This is a very healthy growth rate, as it is stable and not too fast. While there have been upward and downward fluctuations and rapid growth in recent years, house prices have spiralled upward due to extremely low interest rates and high demand.

What impact will lower interest rates have on house prices?
With house prices predicted by many analysts to start increasing in 2024. And in light of the IMF’s recent announcement, it stands to reason that house prices should start rising sooner rather than later. The good news is that if this happens, it should be at a moderate rate, and with a bigger choice of homes on the market and with a remaining overall shortage of homes, the housing market is built upon good foundations. But this begs the question: Should all of this encourage you to move now?

Is now a good time to buy?
The evidence suggests that now is a great time to buy. House prices are stable. And are set to rise sooner rather than later. There is a beautiful choice of homes on the market in stunning condition. Starter homes are holding their value really well, and if you want something bigger, the chances are you will get a good discount on a large home. Add to this the rapid accumulation of equity in recent years and the buoyant spring market that will remain so through the summer. This further increases the variety of properties coming to market.

Ask yourself, What's more important to you: money or happiness?
It’s easily done! You get tempted and swayed by all the talk in the media about interest rates, the cost of living, and so on, and you end up sitting on the fence. You think you will either save a fortune or make lots of money by waiting to see what happens. The truth is, there are so many more important reasons for moving. Your motives will be unique to you. Maybe you need more space for a growing family, maybe you fancy a change, downsize, or love the idea of living in a certain location. Ultimately, it comes down to finding your happy place. Can you really put a price on that?

Are you interested in your perfect home finding you? Browse our properties today.

Zoopla*
GOV.UK**



Faulty Towers Experience8th of July 2023

Faulty Towers the original Dining Experience Door open at 7pm and the show starts at 7:30pm.


Click here to read Faulty Towers Experience8th of July 2023.



A short-term or long-term tenancy – which is right for you?

 
Whether you are renting or letting a property, you have probably at some point had to decide which route to take. Perhaps you are still making up your mind and are not sure which road you want to go down. Let's start by taking a closer look at the pros and cons of both short-term and long-term tenancies for landlords and tenants.

What is a short-term tenancy?
Typically, a short-term tenancy is a tenancy that is less than six months. Holiday lets are usually up to 31 days.

Advantages of a short-term tenancy for landlords
As a landlord, you can enjoy more flexibility, perhaps choosing to let your property to holidaymakers for some of the year while at other times letting it on a short-term basis. If your tenants become problematic, then at least you are not tied into a long-term contract. Typically, you can charge a little more for a short-term let and more again for a holiday let.

Advantages of a short-term tenancy for tenants
If you are a tenant, then you are not tied into a long-term agreement, which, if you work on short-term contracts in various locations, may suit you perfectly. For some people, the principle of being restricted to one property for a long period of time is not appealing. The overall cost of renting for the duration of the contract will be less than renting for longer. That said, you will then need to find another place to rent at the end of the term of the tenancy.

Disadvantages of a short-term tenancy for landlords
You may find that your property stands vacant, which means that you could reduce the profitability of your investment. Your property may require more attention and time in terms of maintenance, advertising, and the time it takes to find new tenants. In some cases, mortgage providers may choose not to lend to you as your rental income may be considered less stable than that of a long-term tenancy.

Disadvantages of a short-term tenancy for tenants
Lack of long-term stability can be unsettling and stressful, and taking time out to find your next home can be time-consuming. Added to this, the higher costs of short-term lets plus the shortage of rental properties currently available makes acquiring a long-term tenancy a more attractive option.

What is a long-term tenancy?
A long-term tenancy is usually based on an annual tenancy, is a fixed-term contract, and is the most common form of renting.

Advantages of a long-term tenancy for landlords
This is a much more stable and predictable way to let your property, with better long-term stability and less time-consuming work when it comes to finding tenants. Banks will see you as less of a risk, which could increase access to funds. This means you could expand your portfolio more rapidly or buy a more valuable property, ultimately leading to a better return on investment.

Advantages of a long-term tenancy for tenants
Greater stability means it’s easier to plan your future. Putting down roots is important and is much better for all those practical things in life, including socialising and financial planning. Feeling settled is an innate human desire and leads to a more stress-free life.

Disadvantages of a long-term tenancy for landlords
Having less flexibility means that you have fewer options when it comes to diversifying into other markets. You may have to charge less than if you were renting your property as a holiday let, and if issues or repairs occur, you will need to fix them sooner rather than later.

Disadvantages of a long-term tenancy for tenants
Tenants renting on a long-term tenancy will not endure many disadvantages; even if you have to move before the end of your contract, in most cases, as long as you provide the correct level of notice, there are no financial implications.

Conclusion
Each person has different needs. However, it seems that unless you know for certain that you only need to rent on a short-term basis due to contract work, perhaps study or training, a house renovation, or holidays, a long-term tenancy is a more stable and predictable choice for both tenants and landlords.

Are you looking for a property to rent, or are you a landlord looking to let your property?

Get in touch to see how we can help.



First impressions last! Top tips on increasing your home's kerb appeal

 
You want your home to stand out, whether it’s first seen by your buyers in an image or from the kerb. That first glance is important. If the rest of your home is in great condition, the last thing you want to do is alienate potential buyers by neglecting the front of your home and creating the wrong impression.

The front door
If it’s wooden, give it a coat of paint and polish the metal work. If it’s really worn and damaged, consider replacing it. Sometimes darker colours will make your front door pop, so that when your home is viewed and welcomes potential buyers, they immediately feel good before entering your home.

The front lawn
Make sure the grass is green and trim. Use grass feed if there are any patches. Sweep and weed any paths or patio areas. If possible, use a jet wash to make your paving look like new again.

Clean your widows
Get your window cleaner to give your windows a good clean in time for viewings and pictures for your agent. Don’t forget your window frames; make the front of your house pop with the right colours; and repair any blemishes.

Add some paint
The front of your home will benefit from a coat of good paint. Check the pointing. Perhaps your home does not need any paint; don’t forget gates, fences, walls, and guttering. The little things all add up to make a big impact.

Flowers and plants
At this time of year, adding some vibrancy with a dash of colour will really help your home stand out. Less is more, and not everyone is passionate about the same flowers and plants, so be subtle and keep what you have in pristine order.

Furniture
Even if you have a small, terraced house with little space out the front, a small seating area can add to its appeal. For larger homes, create a vision of outdoor living that is just a taste of the splendour that will later appear, perhaps in the outdoor living space located at the rear of your property.

Conceal wiring or utility boxes
If possible, don’t allow all your hard work to be affected by unsightly wiring or an electrical, gas, or rusty mailbox. Get in touch with your energy supplier if it needs replacing, or simply give it a good cleaning.

Summer symmetry
Some things work best in pairs, and when it comes to making an entrance, a pair of ornamental flowerpots on each side of the door can do the trick. Lighting can also have the same effect as flower boxes.

Finishing touches
Hanging a summer wreath can really add some colour and show your new buyers that you love your home.

Will all of this add value to your home?
Yes. Anything that makes your home appear cared for and loved will help other people fall in love with it. While it will not drastically increase the value of your home, you may be pleasantly surprised.

Contact us today so we can guide you to the front door of your happy place.



Preparing your holiday home for the summer season

 
If you let a holiday home, you may already be fully booked for the summer. Holiday homes are in big demand, both to buy and rent. Perhaps you are in the fortunate position of owning a holiday home for your own personal use, or maybe you do both. Holiday homes, like any other home, should be special places where happy everlasting memories are made, but unlike your private dwelling you can’t put repairs or maintenance on hold. You want to make sure everything is in tip-top shape to get those glowing reviews, which will help fill your diary far into the future.

Create a check list
It pays to be organised when it comes to property. Inspect your property regularly. Start with the basics and create a to-do list. Using your phone is a good tip because you can take pictures of repairs or issues that need addressing to accompany your notes. If you need to hire help, this saves a lot of time if you live a good distance from the property’s location. Whether you keep notes on your phone or on paper, create sections. Needless to say, you want everything to be as perfect as you can get it. Check everything, from the garden to the bathroom. It’s most likely that you will employ a cleaner. Remember to listen to the feedback of your guests, perhaps by reading the comments book.

Safety checks and insurance
It’s really important to keep on top of any safety checks and to have the correct certification, from gas safety certificates to electrical testing. You want your guests to have a great time, but their safety is paramount. It’s important to take out the right level of cover. From public liability insurance to building and contents cover, you don’t want to invalidate your policy by not keeping up to date with safety checks.

Make your guests feel welcome
Making a good first impression immediately puts your guest in a great mood. Chocolates and a bottle of wine or champagne, depending on what level of the holiday market you are entering, are always a great way to make your guests feel welcome. Simply paying attention to detail and keeping your holiday home in good order is equally important. A good play area for young families, polished glasses, or a hamper when everything is spotlessly clean, drawers full of good cooking utensils, and a nice corkscrew all add up to make your holiday home sublime.

A managed holiday let service
Holiday lets can be extremely lucrative. At the height of the season and in many locations, all-year-round revenue can be very strong. You can charge significantly more for a holiday let compared with letting a rental property. This could leave room in your budget to use a managed service, which could take care of everything from bookings to maintenance, cleaning, and gardening. Holiday homes involve more work with your guests changing so frequently, so for many, this service is a must-have.

Finding the right holiday home
Finding the right holiday home for business purposes or for you and your family to enjoy starts with a good agent. Holiday homes today are not always idyllic cottages peering over the deep blue sea. From urban locations in the form of flats, apartments, and houses to country retreats, the right homes appear in all shapes and sizes. The sky is the limit when it comes to choosing a property, and that sky does not always have to be blue. Probably a good thing!

Browse our properties to find your holiday home this summer.



Summer loving for your rental home. Here’s how, with some TLC tips

 
Making a house your home is important and the great advantage of renting is that you will never be asked to fork out thousands on costly home renovations. Often, it’s the little things that you can do that will make a big difference. The number of people choosing to rent is increasing, and today there are so many affordable and interesting ways to make the most of your home.

Talk to your agent
A good first step is to talk to your agent or landlord. Many will be perfectly happy for you to paint or change wallpaper, so long as the work is carried out to a good standard. Others may not permit this but allow you to add shelving or improve the garden. It’s always best to check specifically on whatever it is you have in mind to improve.

Flowers, plants, and herbs
Keeping your home in good order, keeping it clean, and paying your rent on time will keep your landlord on side. In time, that could lead to more freedom to make the changes you desire. Adding a few plants to your sitting room and bathroom or your favourite flowers to the redundant fireplace at this time of year will add vibrancy. Why not grow some of your preferred fresh herbs in the kitchen or a tomato plant and fill your home with delightful scents?

Lighting
The choice of lighting available on the market today is endless. From outdoor solar lanterns and free-standing table lights for inside, to scented candles for either. Get creative and let your imagination run wild; use lighting to create mood and atmosphere for relaxation or task lighting for when you need to focus.

Garden
Perhaps it is stated in your contract that you are responsible for the garden. If so, you may have more room for creativity. Plant your favourite plants and add some sculptures of pieces that you love. Hang some lanterns or grow some of your favourite fruits in pots so you can take them with you if you decide to move.

Create an outdoor living space
If you have a balcony, backyard, or substantial garden, add vertical gardens filled with the flowers, fruits, herbs, or plants you love. Add some candles, outdoor furniture, a pizza oven, a firepit, or a barbeque. Perhaps yoga is your thing, and you want to add a small portable water feature to complement the sound of relaxing music.

Furniture
If you are buying furniture for your home, it’s always a good idea to think about how adaptable it is. Neutrally coloured, modular furniture that can easily be rearranged for your next move or to simply change with the seasons when you fancy moving things around for summer.

Wallpaper panels and wall hangings
If you can’t change the wallpaper, then simply make or buy some wallpaper panels or wall hangings. Decorated to your design and tastes, they will make a big impact and are a cunning way to hide any imperfections.

Prints and pictures
Hanging photographs of special moments or places you are passionate about is a relatively inexpensive way to add something special to your home. A perfect sunset in a place that you love, captured in a photograph, will brighten up your walls. When combined with the right lighting, such details add serenity to your mood and increase your feelings of well-being.

Mirrors and murals
Mirrors will add light and space to your rooms, making them appear larger. Experiment with the various styles of mirrors now available or place them on opposite walls and enjoy the effect! Murals work well in children’s rooms, making a big impact without any permanent changes.

Add a bit of you
This is really important; your home, whether it’s rented or owned by you, should tell the story of your life. Display your passions, collectible pieces from your travels, and the flowers and colours you love. There is no right or wrong when it comes to decorating; simply make it work for you, and others will most likely love it too.

Renting a new property does not take long.

Browse our properties to find your perfect place today.



Blenheim Road, Harrow

Albert Grace Estate Agents is delighted to offer this fully refurbished one double bedroom flat for rent.
 
£1,400 pcm

Click here to read Blenheim Road, Harrow.



Thames City Carnation Way, London

Thames City apartments appeal to discerning tastes, with finely selected design touches making the...
 
£4,500 pcm

Click here to read Thames City Carnation Way, London.



Park Drive, London, E14 

Introducing Park Drive, a stunning flat/apartment located in the prestigious Wood Wharf...
£5,500 pcm

Click here to read Park Drive, London, E14 .



Cluny Mews, London, SW5

Positioned within the district of Earl’s Court and situated in the Royal Borough of Kensington...
£5,500 pcm

Click here to read Cluny Mews, London, SW5.



Night Golf at BigShots!Friday, 15 September 2023

We're super excited to bring Night Golf to you with glow in the dark balls - it's set to be lots of fun.


Click here to read Night Golf at BigShots!Friday, 15 September 2023.



Shearwater Drive, London, NW9 7AG

We are delighted to introducing this stunning brand new duplex apartment within a contemporary...

£2,500 pcm

Click here to read Shearwater Drive, London, NW9 7AG.



One Park Drive, London, E14 9GG

We are proud to present this bright and spacious one-bedroom apartment, part of the...

£3,800 pcm

Click here to read One Park Drive, London, E14 9GG.



EEL In VogueSat, Sep 14 2024

Get ready for the ultimate showcase of retail, lifestyle, and professional services at EEL In Vogue Exhibition 2024!

Click here to read EEL In VogueSat, Sep 14 2024.



How green is your home? The government increases grants for homeowners


Many homeowners and home movers are seeking a higher Energy Performance Certificate (EPC) rating because they know that it leads to lower monthly bills. By doing this, it also increases your home’s value significantly. Improving the EPC rating of your home from D to C could see an increase in value of 3%, from E to C a 7% increase, and from F to C  could increase your property’s value by an average of an additional 15%.*

What is an EPC rating?
An Energy Performance Certificate measures the energy efficiency of your home and is graded from A to G. A is the highest or most energy efficient, while G is the least energy efficient.

How do I get an EPC?
You will need an accredited assessor, which you can find online on the GOV.UK website. They will assess each part of your home’s energy efficiency, such as lighting, insulation, and the potential for heat loss, and then calculate the overall rating of your home by adding the various scores to get an average overall score.

Climate change
With rising sea levels and the increased frequency of bad weather, insurance companies have been hit with a larger number of claims. Climate change makes the weather less predictable, and more claims can lead to higher premiums. Calculating risk, an already complex process, becomes even more so. The agricultural sector has also suffered, as have transport companies. Wildfires are also becoming more frequent, causing damage running into millions of pounds.

How do you improve your home’s EPC rating?

  • Energy-efficient lighting
    Simply using more energy-efficient lighting can reduce the energy consumption of your home. LED bulbs may cost a little more, but they last so much longer than old-fashioned lightbulbs and use a fraction of the energy.
  • Double glazing
    Triple glazing is even better. Your home can trap a lot of heat throughout the day as the winter sun shines through your windows. The heat you create from your heating system is then trapped inside your home.
  • Better insulation
    Insulating your attic or walls also helps to stop the heat in your home from escaping. This means you will not have to keep your boiler running quite as much to heat your home, saving you on costs.
  • Install a heat pump
    Replacing your boiler with a more energy-efficient system can add a lot of points to your score. It could be that you have relatively recently replaced it but neglected to get your rating upgraded. You could also install a heat pump. In October, the government increased its grant for the installation of heat pumps to £7,500.**
  • Solar panels
    You could reduce your carbon footprint with a renewable energy source by installing solar panels. Large energy suppliers will install these in your home. With finance packages available and the opportunity to sell surplus electricity back to the grid, it’s worth considering.
Final thoughts
There are lots of ways to make your home greener. Adding an electric car charging point, using wind-powered methods to create energy, installing a smart meter, to adopting more healthy living practices. This can be achieved by sourcing sustainable food and clothing. And if you would rather move to a home that is kinder to the environment, it could be less than you think. Talk to your friendly local estate agent.
 
Do you need a valuation for your home? Get in touch today.
Rightmove Greener Homes report 2023*
GOV.UK**



Here's how tochoose the best energy suppliers for your rental property



With the cold snap of winter at our heels and Christmas coming up, you want to save money on your energy bills where you can. One of the best ways to do this is to change your energy supplier. It may surprise you to know that if you are renting your home, you are perfectly entitled to do this if you pay the bills directly.

Check your tenancy agreement
It’s always vital to check your tenancy agreement. If your landlord has a clause regarding energy suppliers, simply inform your landlord that you have found a cheaper alternative. They will most likely be pleased, even if they are not responsible for the bills

Can your landlord charge you for energy?
Your landlord can’t charge you what they want for energy. There is a maximum resale price that landlords must adhere to. As a tenant, you should be charged the domestic rate per unit plus standing charges. Your gas or electric meter will record your usage and be the basis on which you will be charged, and that’s per unit.

Are you responsible for repairs?
When it comes to boilers, radiators, or your home’s fuse box, your landlord is responsible for repairs and maintenance. You or your landlord may be responsible for appliances, and the energy efficiency of your home largely depends on the specified energy rating awarded to them.

Energy Performance Certificates
Energy Performance Certificates will tell you how energy efficient your home is and give it a rating between A and G. A being the most energy efficient while G is the least energy efficient. If you rent through a letting agent, they will ensure this is taken care of before the property is available to rent. If you or your landlord add energy-efficient appliances, then this will improve your home’s energy rating.

Comparing energy supplier prices
Using a comparison website is a good way to find a cheaper alternative and could lead to cheaper energy bills. Listening out for a special offer or simply getting a few quotes could save you money.

How to switch energy suppliers
If you are considering changing your energy supplier, it’s important to check your previous bills. Comparison sites have an estimation tool. So, if you find out your usage from previous bills, you can get an accurate estimation to see how much you could save. Then get some more quotes and decide which energy supplier you want to choose. Remember to check with your landlord or letting agent. Once you have done this, it is a good idea to check your account balance with your old supplier. They could owe you money.

The benefits
The high cost of living still creates challenges, this forces us to reexamine how much we spend. It’s no secret that rents are rising. But the right energy-saving strategies, combined with the benefits of living in a good property, allow you to enjoy your home while refocusing your budget. Whether that's by cooking great fresh food, entertaining your friends, or enjoying energy-efficient, cosy, nights in.

Are you looking for a better home to rent? Get in touch.



What do landlords and tenants have in common?



The landlord-tenant relationship in the UK is often portrayed as strained in the media. Seen as one-sided often in favour of the landlord it’s sometimes justified. However, it’s always a few bad landlords who tarnish the reputation of many. The reality is that there are many great landlords letting beautiful properties, managed by reputable agents, who are changing the rental landscape for the better in the UK.

Both landlords and tenants need and want stability
Stability is key to a good tenant-landlord relationship. As a tenant, you want to feel secure in the place you live, and as a landlord, you want to ensure you have a continuous rental stream. Having a good tenancy agreement in place is vital to securing each other's interests and sets a platform to build trust. It’s important that the tenancy agreement is understood by both parties, and the little details that create stability and happiness are always worth considering.

Property maintenance is central to building a good relationship
Landlords are on the same side of the fence when it comes to keeping your home or property in tip-top shape. You want to live in a well-maintained property; informing your tenant or letting agent of any issues is in the landlord's interests. It stops minor fixes from becoming expensive repairs. A managed property will benefit from an on-call property maintenance team that can sort out any niggles. After all, you want to be happy with your home. And landlords know happy tenants are good for business.

The legal landscape is changing for both tenants and landlords
Each person, whether you are a landlord or tenant, benefits from legal obligations. These, if followed, protect you, and by being compliant, you have a sure legal footing to stand on. Legislation is constantly evolving. The Renters Reform Bill has been on the horizon for quite some time and is very slowly going through parliament. Even though there is a considerable amount of time to wait before it becomes law, many landlords and tenants will benefit from it. However, due to a lack of understanding, some landlords fear it. Getting to grips with legislation will reinforce rights and benefit tenants and landlords.

Landlords and tenants benefit from good communication
This is vital and sometimes neglected by unscrupulous tenants or landlords. From maintenance to preventing misunderstandings that could lead to conflict or confusion. If there is agreed-upon communication established with expectations agreed upon from the start, then you will prevent little niggles and costly issues from occurring. All tenants want to be as comfortable as possible, and any landlord worth their salt will be interested in how to make tenants happy. It’s a real learning curve for both.

Landlords and tenants benefit from fully managed properties
There is a lot to think about and even more to do when letting your property. Tenants also have a time-consuming process to follow, from getting references and gaining a clear understanding of their tenancy agreement to finding a good property in the first place. New legislation and the challenges and opportunities in the rental market make it more important than ever to know your stuff as a landlord. A fully managed letting service can manage every aspect of the property and process for tenants and landlords. This includes property maintenance, rent collection, compliance, to matching good tenants with equally good properties, and more.

Landlords and tenants benefit hugely from a managed letting service. 

 Contact us for more details.



Which emotions compel us to buy a new home?

 

Home is not just a collection of bricks and mortar, it’s a place that evokes and witnesses a lot of emotion, and this makes it unique amongst all our worldly possessions. The ability to contain our lives and those things that belong to us, such as paintings, memories, and feelings ushered in by the colour schemes of its interior, are some of home’s many special powers. The impact of the location of your home and its surroundings, for an eternity of reasons, from the beautiful countryside to friends, family, or love for a location, is profound.

Excitement
There are few things in life more exciting than moving to a new home. The list of reasons why you are so excited is uniquely yours, and your perfect property will reflect this. From the way you decorate it, to the stuff you own, that tells the story of your life. Your home should make you feel welcome from the moment you see it. Maybe you adore your new kitchen for a thousand reasons, including how it makes you feel. It’s character, the view of the garden, or its modern design.

Desire
This innate human emotion moves us all to act, and finding a home you really want will fill you with the desire to own it. If you view a property and you really like everything about it, and feel that you can improve it, by adding your own creativity, then the chances are you will want to make an offer. Buying the property that adds so much to the quality of your life opens the gateway to so many more positive emotions.

Love
Making the perfect home for your loved ones is one of the most powerful and greatest feelings in the world. Are you in the lucky position of buying a home for a relative to keep them safe or moving to the house for your family to grow? Sharing our lives with a partner in the right home is blissful and intoxicating, and the right property adds to this more than most people realize. You should also love your home; from the little characterful details to the fundamentals, good homes have a built-in power to inspire love.

Happiness
Homes have the uncanny ability to make us feel happy, and they can do this in so many ways. If you feel you have enough space and love the way your home looks and feels, then you are well on your way to creating happy lives within it. Happy memories are priceless, and when you get down to the basics of life, there is not much else that matters quite as much. There is a lot to think about when finding your happy place, from your home’s location to its energy efficiency.

Safety and security
You want to feel safe, secure and satisfied that your home is a sanctuary from the hustle and bustle of the world outside. Relaxation is vital to keep you stress-free so you can think and plan your life clearly. This will allow you to enjoy those special moments that become enhanced by the features of a great home. From a mesmerising outdoor living space to relax in, a cosy fireplace, or a nicely decorated home that makes you feel good.

Discontentment
This can be as powerful as many positive emotions. If you are currently living in a home where you feel trapped because you are tripping over things, that is enough to make you want to move! Maybe it’s time to buy your first home because it’s you who is getting in the way, and you want to enjoy a greater feeling of independence! Are you moving to a better area or a home with a better garden? Maybe you need more bedrooms or have too many and want to buy something smaller.

Do you want a property that makes you feel amazing? Get in touch today.



Ebury Place, London

We are delighted to introduce this spacious 3 bedroom apartment located in SW1 Total area 962 SQ FT. 
 
£1,380,000

Click here to read Ebury Place, London.



Becquerel Court, London

We are proud to introduce this stunning 2 bedroom apartment set in a quiet residential area boasting 2 good sized bedrooms...
 
£525,000

Click here to read Becquerel Court, London.



Osterley House, London

We are please to offer this two bedroom flat. Well located for Bartlett Park, East India Dock Road and the DLR station. In need of modernisation.
 
£350,000

Click here to read Osterley House, London.



Tennyson Apartment, London

Saffron Square is a development definitely redefining city living by its centre location of Croydon, with strikingly modern architecture surrounded by a newly...
 
£579,000

Click here to read Tennyson Apartment, London.



Private landlord vs letting agent

 

When deciding whether you’re going to use a letting agent as a tenant or a landlord, it shouldn’t be a difficult decision. It’s estimated that only 20% of all homes in England are privately rented.* This shows how many tenants and landlords choose to use and work with letting agents. We are here to demonstrate the countless advantages you would receive when using a letting agent as a landlord or a tenant.



Benefits of using a letting agent as a landlord

When becoming a landlord, you can face a lot of responsibilities and challenges. You are responsible for the maintenance and upkeep of all your properties, inside and out. These responsibilities then begin to consume all your free time, and being a landlord can become more of a burden than you thought.

Hiring a letting agent would create less responsibility for you as a landlord, meaning you’re not required to manage your tenants. This will cause fewer problems and allow you to maintain a healthy relationship with your tenants, as the letting agent will act as the middleman.


Fast turnover between tenants
When trying to discover new tenants for a property, it can be very difficult for a private landlord. Tenants usually go to letting agents to find rental properties on the market. So, to prevent your property from having vacant spaces between tenants, using a letting agent can guarantee more exposure to the public, ensuring your property is filled quickly.


Required regulations
Letting agents are great at establishing a checklist for letting out your property, ensuring you meet all the required regulations and specifications.

These include:

  • Gas safety certificate
  • Electrical safety certificate
  • Energy performance certificate
  • Proof of tenancy deposit protection
  • Fire safety measures
  • HMO licence
  • Landlord insurance

After your property has been filled with new tenants, you may think that your letting agent is no longer necessary, but this is where they can become the most beneficial. Letting agents look after your tenants and remaining the middleman keeps the relationship professional.

The only downfall of a letting agent is that they undoubtedly charge a monthly fee. The typical cost can be up to 15% of the total monthly rent.



Benefits of using a letting agent as a tenant


When trying to discover and rent a property in the UK, it can sometimes become one of the most complicated situations, especially if you rent through an independent landlord. We are here to ensure you recognise the simplicity of renting through a letting agent instead of an independent landlord.


Renting through a letting agent will ensure you are choosing the property you desire to rent and not choosing a property because of the better landlord. It allows an element of professionalism in renting a property as they maintain a professional relationship throughout the process.


Stress-free renting

Renting through a letting agent guarantees you will receive high standards and conditions for the rental property, as the letting agent wants to keep a positive reputation within the rental sector. The letting agent also ensures that everything is legally in order. Allowing you to rent stress-free. Agents in England are not required to be registered, so we always recommend looking for agents who are part of NALS (the national approved letting scheme). Agents being registered with the NALS ensures that they are part of the client money protection scheme, ensuring your deposit and monthly rent payments are kept safe and recorded.

 

We highly recommend using a letting agent as a landlord and a tenant. It simplifies both ends of the relationship and creates a smoother process for both.



Whether you're a tenant or a landlord get in touch with us today and discover how to rent the right way

 

Parkers Properties*



End-of-tenancy checklist for landlords


It’s come to the end of your current tenancy agreement, and your tenants are ready to move on, but are you? We’re here to supply you with a simplified checklist on how to get ready to place your property back on the rental market. 


Agreed-upon end date 

If you have tenants that have decided to leave or whose contract has ended for your rental property, then you need to ensure you have both confirmed an end date. This is extremely important to ensure that all parties involved are aware of this agreed-upon end date. This should be written down in a contract. This contract should include the signatures of all parties so it can be proven that you have both agreed on it. This will give you a small fraction of safety and protection in case the tenant does not leave the property by the agreed-upon end date. Having this date in the diary will also allow you to plan so you have a smaller gap between tenants. 


Inspect the property

Inspecting the property is one of the most important steps when it’s the end of a tenancy. This will allow you to identify if they have cared and maintained respect for you and your property. Once they have removed all their belongings from the property, you need to ensure you complete a thorough inspection. This inspection will allow you to confirm whether you return their deposit or not. As a landlord, you will need to provide a good reason with evidence to not return their deposit; otherwise, they could penalise you and involve the court. During this inspection, it is also important that you make sure the past tenants have removed all their items from the property.


Check previous payments

Finally, before exchanging the keys and returning the deposit for the property, we would recommend going through all your previous payments with them. This will allow you to guarantee that they have completed all their payments. We would also recommend checking if there are no outstanding council tax and utility bills under the address of the property before parting ways with the tenants. This will allow you to once again be certain they were good, respectful tenants before returning their deposit.
 

Deep clean 

Once you have completed the process with the previous tenants and you are happy, we advise deep cleaning your property in preparation for new tenants. This is not a required step, but if the past tenants have not returned the property to its original state, you can claim the deposit. This can be used to pay for a deep cleaning service and anything else you may have to fix within the property. 


Re-list your property 

Are you happy with your property? If so, the next step is to get it back on the market! After taking updated pictures of the property, it can then be listed and show encouraging new tenants for the future.

If you are an independent landlord or a new landlord entering the market for letting, we advise collaborating with an estate agent. This will reduce your involvement with clients and leave fewer tasks on your to-do list. Allowing you to rent out your properties stress-free.


Get in touch with us today if you are seeking advice

 



Deposit friendly decorations for your home

 
When you rent a property, it can be particularly challenging to make four walls feel like your home. Looking for options and inspiration on how to decorate your property without risking your deposit? Look no further, we are here to help you discover ways you can allow your personality to shine in every room of your property.

When decorating a living space, there are many ways to achieve the look you desire. This can range from creating a cosy feel by making large furniture purchases to even buying a bouquet of flowers weekly to create a homey feel.

What does your tenancy agreement allow?
Before renting a property and signing your contract, it’s important to recognise if anything within the property needs improving or decorating. You can then discover if your contract would allow this. There is no point in binding yourself into a rental agreement, and after a month of renting, you realise you can’t even use damage-free wall strips to hang up photos. Sometimes contracts can be restrictive, but most landlords are very lenient with decorating as long as you are improving their current property. So, it’s always important to check your contract ahead of time to ensure you don’t breach it.

Consult your landlord
When renting a property, the contract doesn’t always align with how the landlord may respond to certain questions. We would advise creating a healthy relationship with your landlord, allowing you greater leeway for decorating. Many landlords accept decorating outside of contracts. If you have agreed to this with your landlord, ensure you have a written, signed agreement allowing your deposit to remain safe for when you do vacate the property.

They are far more accommodating when it comes to you adding your own personal touch to the property if your rental agreement is for an extended period, spanning multiple years, until you can purchase your own home and join the property ladder. However, you will most likely be limited to using neutral colour schemes.

Creating life on your walls
Many landlords will accept decorating the walls of the property. It will create a fresh look within the property, even if it’s just ‘eggshell’ paint, as it doesn't ruin the overall aesthetic. To bring life to your walls, it’s good to design feature walls with lots of frames and prints. These can be hung up by using hanging strips, which can be found in most hardware stores.

They do no damage to the walls but still allow you to create a personalised look. Another great way to decorate your walls is by using temporary wall murals. These are art stickers that create a nice dynamic and resemble wallpaper. If you can’t hang or stick anything on your walls, large frames and mirrors look fantastic when leaned up against the walls, creating minimal damage. Mirrors can also give the living space the illusion of a larger room.

Spruce up your floor
When living in a rental property, typically you cannot renovate the flooring. As an excellent alternative, vinyl flooring can be installed over the existing flooring. It can produce a dramatic, customised appearance that truly gives the floor a temporary character of life. Large rugs are also a great option to cover the existing flooring, as they take up most of the floor and can dramatically alter a room's personal feel in a positive, homely manner. Because these particular items are owned by you, having them on your property might also make you feel at home.

Add accessories
The simplest way to add a personal touch without risking your deposit is with accessories. These can be from throws, stacked books, candles, plants, you name it. These small features create a whole different atmosphere and a personalised touch, creating character in each individual room. When placing accessories around the home, they don’t have to involve being hung on the wall causing damage. They can just be placed gently on a piece of furniture or shelf, creating a personalised look.

Final thoughts
Overall, personalising your living space shouldn’t be a chore. Even with the constraints of a rental agreement, your home should be a blank canvas waiting to be filled with your personality and individual touch, creating a home for you.

 
Interested in renting your own home? Contact us today for more information



How to turn a property into your home?

 
Do you feel that immediate sense of comfort when you walk through your front door?

Does your property truly feel like yours?

Adding personalised touches to your property, big or small, can make an impressive impact on the way a property feels. It can create a sense of comfort and calmness, allowing the property to feel like your home. Whether you rent or own your property, here are some top tips on how to feel at home.

Planning and preparation
Before diving deep into the exciting world of cushions and lampshades, we highly recommend creating a plan. This can range from choosing a certain colour palette to knowing precisely where each piece of décor will be displayed. This will give you a rough idea of how you will add a personal touch to your home.

Furniture
When sprucing up your property with personalised touches, adding unique, funky furniture that stands out can create a whole different atmosphere in a room. Allow the furniture to display your personality and make you feel like you’re in your own home. Are you a relaxed old soul? Discover a vintage cosy sofa to fit your personality. These pieces of furniture can all be enhanced by adding certain accessories.

Accessories
Adding accessories can be the most exciting part; you truly can allow your personality to explode. From the smallest coasters in the kitchen to a large, unique rug under your coffee table, accessories can make a home feel personal and comforting. Vintage stores are a great place to discover cheap but sophisticated, cosy items. The accessories that can make a beautiful, heartening impact on your living space at a low price are featured cushions and throws. There is such a huge variety to choose from, allowing it to become a piece of art within comfort.

Statement pieces
Do you have limited time to spruce up your property? Adding something as simple as walled mirrors or art, even a small cosy library in the corner, can make a large impact. This can even be as simple as a vase with flowers on your table or bedside, creating such a comforting feel. Having statement pieces is especially the best route for renters, as you are making the space yours without having to change the property overall.

Lighting
Whenever you walk into a room, lighting is one of the first things you recognise. Do you like a warm, cosy, amber feel or a white, crisp light? Investing in a lamp or even several can have a large impact on a room as it sets mood lighting and allows people to feel at ease and relaxed. Using fairy lights can create a beautiful, dynamic atmosphere in a home. If you are wanting a more up-market look in your home, placing a chandelier in the middle can create a profound effect on the feel of the room and can be recognised as a statement piece.

Indoor plants
Having botanicals in your home can create a warm, homely touch, as plants are warm art within themselves. Herb gardens are a great way to create a lovely smell and a homely look in your kitchen. If you think you would struggle to maintain a herb garden with your lifestyle, an alternate would be cacti, as it needs minimal help to grow and develop into a beautiful piece of art. Even a statement piece, if you can keep it alive long enough!
 
So, get decorating, allow your heart to run wild, and make your property, feel like your home



Sales agreed and buyer demand spring forward in time for summer

 
The spring 2024 market is running serenely and more smoothly than this time last year, thanks to a more stable market. So, if you decide to move, the question has to be asked; Could it be your easiest move ever?

Homemovers are moving the market forwards
This time of year is always busy and 2024 is not disappointing. In fact, the UK property market is moving forward at a better pace than many anticipated. It’s a case of the more, the merrier. When buyers find a new home for sale that they like, it’s another transaction to add to the tally and when their old home is bought by another buyer, this multiplier effect carries on right down the chain. This drives the entire market forward, bringing more buyers to your door and more choices of homes to your inbox.

The market has a lot going for it
You could be forgiven for missing the many opportunities that 2024 has to offer homemovers, thanks to the naysayers in the press and social media. But the facts speak for themselves: stamp duty is favourable at 0% for your first £250,000.* Mortgage rates are improving and, in a historical context, are very favourable, and equity levels are strong, yet house prices are at reasonable and affordable levels. Then there is the standard of properties themselves, which have received a lot of love and attention due to the home improvement frenzy that still continues.

Sales agreed are increasing
In March, sales agreed were 13% higher than the previous year.** Homes are appearing on the market well-prepared by their eager-to-move owners. Gleaning lots of tips and hints on preparing their homes for sale and benefiting from years of hard work and renovations, as well as paying off the mortgage as the value of their properties increases, means equity levels are good. It’s perfect moving weather for packing up and making a fresh start and this is also true when you are viewing properties.

Buyer demand is growing ever stronger
In March, buyer demand was 8% above the same time last year,** due to slowing inflation, and increasing wage levels. The UK property market is a rich and textured place. Demand is increasing on all fronts, from first-time buyers taking advantage of up to 0% stamp duty up to £425,000,* and the 5% deposit Mortgage Guarantee Scheme to cash buyers, and home movers at the higher end of the market. Each property has its own personality yet can be adapted to suit yours. From stunning eco-homes to listed properties, homes often choose their owners.

Agents are making moving easier
The old saying that moving home is one of the most stressful things you can do is losing some of its street credit. Moving does not have to be stressful, but it can be, if the agent you choose is not up to scratch. Good agents attract good vendors, nice properties, offer great listings and can recommend other property professionals that will make the entire process run smoothly. Sometimes it’s being prepared for the unexpected. If a sale falls through, a good agent’s database of buyers will quickly get your sale moving again.

Contact us today to see if we have the power to move you.

gov.UK*

Rightmove **



Time for your next tenancy? Here's everything you need to consider

 
When it’s time to move on, it pays to be an early bird. So, where do you start? Let’s take a look at a few tips to help you on your way.

Start your search
Finding a letting agent is a good first step. They will be able to advise you on the entire process and keep you on the right path. Finding the right property can be a swift process or may take longer than anticipated. But, when you do find the right place, you will have the option of putting down a holding deposit. This is usually one week's rent and is refundable, and will help you make your move seamless and ensure you get the property you want.

Book some viewings
Getting out and seeing potential properties is important. It’s tempting to rush this process but when you're emailed a potential property, it’s a good idea to be ready to view it. On the other hand, you may decide to clear your calendar to book multiple viewings. Some homes will surpass expectations, while others may not. Calculating potential bills can create some pleasant surprises in more energy-efficient homes, so it is worthwhile checking the energy rating of your potential property.

Moving out and moving in
Communication and planning are key to a smooth move. Setting a moving-out date for your old place and a moving-in date for your new home on the same day is important. You don’t want to leave things to chance. Pin each party down to exact dates and times, then prepare your belongings and organise removal firms or ask your friends to help. Don’t forget to update your new address for the electoral register, your bank, and the DVLA. Then, inform your energy suppliers and take meter readings of what will become your previous address, and any other parties that need to know you are moving.

Checking the inventory
You should do this whether you are moving out or moving in. Paying attention to this process will help you get your deposit returned at the end of your tenancy. Don’t be afraid to be thorough. The inventory will give details on the condition of everything, from walls and ceilings to appliances. You will want to get your entire deposit back so cleaning your old home and leaving it as you found it is important. But, it is also important to check your new property as soon as you move in.

Using an agent makes the paperwork so much easier
The beauty of using an agent is that they can take care of your deposit, reference checks, and give you a clear understanding of your tenancy agreement. You don’t need an agent to place your deposit in a deposit protection scheme; however, having someone to guide you helps make the process more straightforward. Fully managed properties benefit from 24-hour maintenance support should any issues arise. A good lettings team is always easy to get in touch with to guide you before, after, and during your tenancy to help you in any way they can.

Make your new place your own
With a good letting agent on your side, you can concentrate on enjoying your new home. Adding the little details that make a home your own makes a big difference and you may decide to decorate. If you are organised and well ahead of time you can plan your new layout and discuss any plans you have for decorating with your agent before you move in. After you have handed back the keys to your old home and got your new keys, you know because you have used an agent that the property is compliant. When all the necessary paperwork is in order, your home is decorated nicely, and you know you are supported by your agent, you can relax and make the most of your new life.
 
Are you looking for a fresh start? Contact us today



How can I calculate how much home equity I have?

 
With many homeowners making the most of the equity they have in their homes to move to a better property, having good levels of equity in your home gives you more options. Even if you don’t have quite as much as you would like, it does not take a long time to build up. The first step to take if you want to find out what these options are is to calculate how much equity you have in your home.

What is equity?
Equity is the amount of your home that you own. It's not difficult to calculate, simply subtract the amount of debt you owe in mortgages or loans from the market value of your property.

What you need to calculate the equity in your home accurately?

Get an up-to-date valuation of your home
The more accurate your valuation, the better. So, use a good local agent, their instant online valuation tool will value your home in just a minute.

Find out how much you owe on your mortgage
Get in touch with your mortgage provider to find out exactly how much you owe. If you have borrowed for home improvements, get an up-to-date balance on these loans also.

Subtract your debts from your home’s value
For example, if your home is worth £375,000 and your outstanding mortgage balance is £180,000, you have equity of £195,000 in your home.
 
How to calculate this equity as a percentage?
To calculate equity as a percentage of your home’s value, simply divide equity by your home’s value and multiply by 100.

Using the figures above as an example:

(£195,000 equity / £375,000 home value) x100

In this case, the percentage equity is 52%.

How to calculate your LTV ?
To calculate your LTV (loan to value) as a percentage, simply divide the amount you owe by your home’s value and multiply by 100.

Using the figures above as an example:

( £180,000 mortgage debt / £ £375,000 home value) x100

In this case, the percentage LTV, is 48%.

Having a good level of equity means cheaper mortgages
Whether you are remortgaging or moving on, the lower your LTV percentage figure, the lower your mortgage rate will be. You only have to look at mortgage providers' lending rates to see that interest rates are lower for mortgages with an LTV of 60% in contrast to those with an LTV of 90%. Simply put the bigger your deposit, the cheaper your mortgage interest rate.

Equity gives you options
It’s comforting to know you have got good equity in your home. But taking out some of that equity can offer a lot of positives. If you are making home improvements or investing in another property, then you are putting it to good use and could gain significantly from it. That said, you might want to move on and having a large deposit will open the doors to some exciting properties.

Increasing your equity and the improving market
There are many ways to increase equity levels, from overpaying your mortgage to large and small home improvements. The current UK property market is improving. Inflation is at its lowest level for two years, at 3.4%.* The number of sales agreed, recorded by Rightmove, in March, was 13% higher than the same time last year.** This leaves you with a choice. You can keep gaining equity more rapidly as property values increase, thanks to increased demand, or move while the market offers good deals on better homes.
 
Book a valuation to see how much equity you have gained over the years

BBC*
Rightmove**
 



How much profit can you make if you sell in 2024?

 
As the year unfolds, the property market is continuing to surpass expectations. Instead of a great crash, we find ourselves in a bit of a sweet spot, as many home-movers stand to make a healthy profit on their current properties. But the even better news is that alongside this, you can enjoy reasonable pricing, opening the doors to a nicer home.

How much could you make?
According to Zoopla, 90% of homeowners who sold up in 2023 made a 25% profit, with the average seller of a £275,000 property making £74,000.* In March 2024, average asking prices increased by 0.8% compared with the same time last year, and by 1.5% in the space of a month.** That means your deposit for your next home is sitting within your current address. Depending on your current and new home’s location, you could make substantially more than the average.

Realistic pricing opens previously closed doors
We have all heard it before – ‘if house prices go up, it’s not necessarily a good thing because you have to buy another one’. The slowdown in house price increases in 2023 means that this year, homes are more affordable. So, you have great equity to use to buy your next home, an additional home, or to make home improvements. But, if you do decide to move, you can buy at reasonable prices. This puts homes that may have been previously out of reach within your grasp.

Interest rates are set at realistic levels
Yes, interest rates are a bit higher than in previous years, but this has helped balance the market, reducing competition for property to more normal levels. Super-low interest rates can lead to an overheating of the market, causing house prices to rise too rapidly. Many home-movers are becoming increasingly aware that mortgage rates are going to hover at the current, more realistic levels, which represent good value. If they fall a bit, house prices are likely to rise more rapidly.

It's not about making a profit, it’s about realising your dreams
Making gains on your property is a fantastic feeling but for most people, it’s not about the numbers and more about enjoying a better home. Making a healthy profit on your current home helps you move to a better property. Whether you are buying a two-bedroom country cottage or an eight-bedroom Victorian townhouse with a gym, study, and sauna, it's getting what you want that feels amazing.

Book a valuation to see how close you are to getting what you want from your home

Zoopla*
Rightmove**



20% more homes for sale than last year

 

As we head into the summer months, the property market is continuing to bolster as an increase in market activity continues to benefit home movers. Let’s take a look at recent property market data and how the current market conditions benefit sellers and buyers alike.

Recent market data

According to Zoopla's house price index, there were 20% more properties for sale in March 2024 than the previous year.* There was also a 9% rise in sales agreed during this time period.*

This rise in market activity is partly due to an increase in the average working wage and an overall robust job market, both of which boost consumer confidence. In fact, confidence in personal finances has reached the highest level in more than two years, according to GFK's Consumer Confidence Barometer.** This made homeowners considerably more interested in buying a new home, therefore increasing market activity.

 

Benefits for buyers

More choice

An increase in market activity leads to a wider range of choices available for buyers to consider. This improved choice empowers buyers to explore various properties, compare features and prices, and ultimately make more informed decisions that align with their preferences and needs.

Price stability

The market remains well balanced as the demand for properties and the supply of homes for sale have equally increased. Because of this, prices are less likely to fluctuate, potentially making for a more stable investment. Increased market activity also helps to create a clearer picture of the true value of properties, further contributing to stable pricing.

More negotiating power

Due to increased confidence, buyers have the opportunity to be more assertive when negotiating a price for a property. Since the supply of properties is so high, buyers are less desperate to secure a particular property and can carefully consider their options.

More opportunity for investment

For those looking to invest in property, the increased supply increases their options massively. In a busy market, investors can buy a property, make renovations, and sell for a profit in a shorter timeframe.

 

Benefits for sellers

Increased demand

With more people in the market for a new home, sellers can command higher sale prices for their properties as buyers engage in bidding wars. By achieving a higher sale price, sellers can then look for a higher-value property than they previously considered possible.

Faster sales

The increased level of demand makes it easier for sellers to find potential buyers, which can lead to faster sales and less problematic property chains. Additionally, if a buyer is particularly interested in a property, they may be willing to pay a slightly higher price to secure a quick sale.

Flexible terms

Strong demand can give sellers the upper hand in negotiating certain terms. For example, if the seller needs to close the sale quickly, they can choose the buyer who is in the best position to complete the transaction as soon as possible.

Less pressure

In a balanced and active market, sellers may experience less pressure to accept lower offers or make compromises that they're uncomfortable with. They can feel confident that a more suitable buyer will soon show interest and make a better offer.

How an estate agent can help

Estate agents use their in-depth knowledge of the property market to assist buyers and sellers alike in taking advantage of summer 2024’s active market. They have access to a wide range of property listings and can help movers identify suitable properties that match their needs and preferences. They are also skilled negotiators who can secure favourable terms and prices while guiding movers through every step of the process.

 

Contact us today for help taking advantage of the market’s favourable conditions

 
Zoopla*

GFK**



5 reasons why you can’t guess your home’s value

 

Your home is your most valuable asset, and while the market is in a good position, it could be tempting to place your own price tag on it and try your luck. However, the reality is that you can’t rely on guesswork when it comes to determining your home’s true value. Let’s explore why.

 

1.Your local market is separate from the wider market

While the UK average asking price can give you a rough idea of how the market is holding up, local factors are more significant to the true value of your home. Factors such as proximity to amenities, school catchment areas, local crime rates, and quality of transport links all hold weight in the overall value of the property.

 

2.You could set an unrealistic price

Setting an unrealistic price could be more detrimental to your sale than you might think. For starters, many buyers use online filters to find suitable properties. So, if you’re asking price is too high, your home won’t land on their search page. 

Secondly, your home’s asking price should be competitive. If similar homes in your local area are asking for much less, they’re likely to secure a buyer before you do.

Lastly, overpricing your home takes away some of your power to negotiate. An outlandishly high asking price can put off potential buyers, leaving you having to settle for an inferior offer. You could also be at risk of ‘gazundering’ or down-valuing later in the process, where your options could be limited, and again, you might have to settle for a much lower offer than you hoped for.

3.You could sell yourself short

Conversely, even a well-informed guess could have you selling yourself short. Without expert insight, you may miss current local trends that have caused your home to spike in value. Underselling your home is another example of setting an unrealistic figure, leaving you in a poor position to negotiate with the buyer and could cause you to settle on a lower price than your home deserves. 

4.You may not fully understand your true borrowing capacity

Accurate property valuations are important to most major banks and lenders, and your buyer will most likely have one carried out early into the sales process. Guessing your home’s value is risky business when it comes to securing your next mortgage, as overestimating can leave you in a tricky position once your buyer has their valuation carried out. 

You’ll need clarity on your borrowing capacity from the get-go before you can apply for a loan, as this could save you a great deal of time and uncertainty when applying for your next mortgage deal.

5.Your home is unique

Market averages are important, but they aren’t everything. Unlike online assessments or guesses based on similar properties, an expert valuer will consider your home’s specific characteristics and overall condition before they settle on a figure. This includes things such as layout, repairs and renovations, building age, and anything that makes your home unique and enticing to today’s buyers. 

 

Don’t wonder about your home’s worth - book a professional face-to-face valuation

 



Top tips on starting a new tenancy

 

Whether you are highly experienced in renting or not, there is always something new to learn. So here are a few tips to help make your move go as smoothly as possible.

Think about what you need from your next property

It’s much easier to find what you are looking for when you know what you want. Consider the area, the type of property and any additional features you require in your new home. Start your search in good time and get familiar with what’s on the market. By doing this, you can ensure that you are looking for the most suitable property for yourself.

Talk to your agent and be ready for

Now that you have decided what it is you are looking for, talk to your agent. They will be able to send you any properties that become available. When they do find a property suitable to your needs, it's best to be ready for viewings. It’s no secret that there is high demand for rented accommodation, so you want to be able to act quickly when the right property appears.

Have your paperwork to hand

Missing out on a property you really like because you were not prepared isn’t a nice feeling. To ensure this doesn’t happen to you, check that all your paperwork is to hand well before your move. You may need things like photo ID, proof of your address and employment. If you are using a guarantor, you need to have an important conversation with whoever you choose.

Prepare to leave your old property

Leaving your old property behind can become a lengthy process. If you are moving from another rented property, you want to get your full deposit returned. Cleaning, garden maintenance, and packing your belongings are often tasks that take much longer than you think. So, it’s important to plan your time carefully, as making an early start is worthwhile. Check gas or electrical meters before you leave because you don't want to get any bills that do not belong to you.

Understand your rights and responsibilities

You may already be familiar with your rights and responsibilities as a tenant. If you’re not, here is a reminder of the main points outlined on the GOV.UK* website.

Your rights include

  • It is your right to live in a property that is safe and in a good state of repair.
  • Have your deposit returned at the end of the tenancy and be protected from unfair evictions.
  • Your right to challenge charges that are considered excessively high.
  • See the property’s Energy Performance Certificate (EPC).

Your responsibilities include

  • Granting your landlord access to the property to carry out repairs and inspections if they have given 24-hour notice.
  • Taking good care of the property.
  • Paying any bills that you have agreed to with your landlord that are your responsibility to pay. For example, energy bills or Council Tax.
  • Paying for any damage or repairs that have been caused by you.

Get to know your tenancy agreement

Understanding your tenancy agreement is important. Some go into more details than your statutory rights and may include other points outlining the tenancy length, the date it began, notice periods, and so on. Your agent can guide you through any queries you have about your agreement or anything that is not outlined in it. A good rule of thumb is to check first, particularly when it comes to tasks such as decorating. You will also need to know which appliances and furnishings are provided; it could be that the property is fully or partially furnished.

Consider renting an agent-managed property

You don’t have to choose a fully managed property to benefit from deposit protection schemes or the continuous support of your agent. Many agents offer part managed properties. If you are renting through an agent, they will be a huge help. From finding your property, placing your deposit in a deposit protection scheme, arranging references, and more. If you choose a fully managed property, you will have 24/7 year-round maintenance support included.

 

Are you looking for a more agreeable tenancy agreement and a great property?

 

GOV.UK*



Highest number of homes for sale in 8 years

 

If you’re in the market for a new home this summer, you’ve timed it just right. According to data from Rightmove’s house price index, this summer saw the highest number of homes for sale in eight years.* As a result, it comes as no surprise that sales increased by 13% between May 2023 and May 2024.* Additionally, because the number of homes for sale has increased at a slightly faster rate than sales agreed, there is a strong supply of available homes for sale.

Why is the market growing?

Post-pandemic rebound

The economy has recovered after taking a hit during the COVID pandemic, and as a result, we are seeing a rebound in housing market activity. Homeowners who may have put off selling their home during the pandemic now feel more confident in putting their property on the market.

Lower mortgage rates easier

The decrease in mortgage interest rates is another factor contributing to the high number of homes for sale. With interest rates falling in 2024, many potential buyers are taking advantage of favourable borrowing conditions to buy a home. This increase in demand has led to more homes being listed for sale as sellers look to capitalise on the surge in interest.

Stable prices

Despite the increase in the number of homes for sale, property prices have remained relatively stable. This has provided a sense of assurance for both buyers and sellers, creating a balanced market where transactions can occur smoothly. The stability in prices has encouraged more homeowners to make their move, knowing that they can achieve a fair value for their homes.

How does this benefit buyers?

Increased options

With the highest number of homes for sale in eight years, buyers now have a wide range of properties to choose from. This means they are more likely to find a home that fits their specific needs and preferences.

Less competition

A surplus of homes on the market means less competition among buyers. This can result in a less stressful homebuying experience, as buyers may not need to rush into making an offer out of fear of losing the property to another buyer.

Potential price reductions

In a busy market with a high level of supply, sellers may be more willing to reduce their asking prices in order to attract buyers. This presents an opportunity for buyers to receive a good deal on their dream home.

How does this benefit sellers?

Faster sales

While an increase in available properties may seem like bad news for sellers, it can actually lead to quicker sales. With more options available, motivated buyers are more likely to make a decision and move forward with a purchase.

Increased exposure easier

More homes for sale means more listings for buyers to browse through. This increased visibility can benefit sellers because it attracts a larger pool of potential buyers to their property.

Competitive pricing

By pricing properties competitively, sellers can take advantage of the abundance of homes on the market. Sellers who set a reasonable asking price may attract more interest and receive multiple offers.

How a good agent can help you

As a buyer, a good agent can help you find your dream home among the abundance of options available. They will listen to your needs and preferences, then use their expertise to narrow down the search to properties that meet your criteria. An experienced agent can also help you make an offer, secure a mortgage, and close the deal. As a seller, you can benefit from an agent’s in-depth knowledge of local market trends as they help you price your property competitively to attract the right buyers. A reputable agent will also handle all the negotiations and paperwork, taking the stress out of the selling process.

 

Book a valuation today to start your move

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Budgeting tips for home-movers

 

Moving house doesn’t have to break the bank. In fact, by planning ahead and taking tactical steps, you can get started on your next chapter with a clean slate and a well-organised home.
Here are some essential tips to help you save money and streamline your move.

Book promptly

When it comes to moving, timing is crucial. One of the best ways to save money is by booking your moving services well in advance as this gives you time to compare rates. Many moving companies also offer discounts for OAPs, key workers, and armed forces, so don’t forget to check if you’re eligible.

Get the timings right

Booking early also ensures that you get the moving date and time that best fits your schedule. During peak moving seasons, such as summer and end-of-month dates, moving companies can get booked up quickly. By planning ahead, you avoid the stress and potential extra costs of trying to find available moving services at the last minute.

Empty your cupboards

Before you start packing, take a good look at your cupboards. You might be surprised by how much food and household items you've accumulated over time. Instead of letting these items go to waste or lugging them to your new home, aim to use them up.

Meal planning

Create a meal plan that focuses on using the ingredients you already have. This approach not only reduces waste but also cuts down on your food shopping bill in the weeks leading up to your move. Be creative with your recipes and try to use as many of your cupboard staples as possible.

Sell unwanted items

Moving is the perfect time to declutter and make a bit of extra cash by selling items you no longer need. This will reduce the volume of things you need to move to your next home, while saving both time and money.
Use online platforms like eBay, Facebook Marketplace, and Vinted to sell your unwanted items. Whether it’s furniture, clothes, or electronics, there’s likely someone out there who will be interested in what you’re selling.

Declutter

Decluttering is one of the most effective ways of cutting down your moving costs. But it isn’t easy, so tackle your decluttering one room at a time. This method makes the task more manageable and ensures that you thoroughly go through each space.
Sort items into categories: keep, sell, donate, and dispose of. Be ruthless – if you haven’t used something in the past year, it’s likely you don’t need it.

Get your packing materials for free

You can save a great deal of money by getting your boxes and bubble wrap for free. Many shops and offices offer their used packing materials at no cost to reduce waste. You might even find someone in your local community offering their used boxes, so check online first before committing to paying out for your packaging.

Curious about what your home could achieve on today’s market? Book a valuation today



Behind the scenes of an expert agent valuation

 

One of the most important components when selling your home is the expert agent valuation. It will inform you of your property’s value and a potential asking price you could set when placing your property on the market.

In this article, we discuss how your property is viewed and valued in a home valuation, allowing you to gain a better understanding of how an expert agent determines your home's overall value.

Is a home valuation important?

Home valuations can affect the entire selling journey of your property, so you need to ensure they are achieved correctly. If an inaccurate valuation is completed and it’s reflected in the asking price, this could delay the sale.

The first ten days of your property on the market are the most important, as it will receive the most interest during this time. So, with this in mind, it’s crucial to ensure you have an accurate, fair representation of your home’s value in the asking price.

Knowing your home's true value can provide you with a clear budget for searching for your next home, as well as allowing you to identify the current equity within your property if you were to sell.

How does an expert agent value your property?

The expert agent will use their own experience and knowledge of the local market, along with five main physical components, to determine the value of a property.

  • Location
  • Layout Size
  • The property's condition
  • Unique features

Ultimately, the interior and exterior of your home plays a huge part. If you have a beautiful, private home with incredible characteristics and uniqueness, its value will be higher than that of an average neutral-looking home that is the same size and location.

Another huge factor is location; this determines the local amenities, schools, opportunities, and jobs the property could provide, adding value.

When valuing a property, agents use the price of comparable homes that have sold in that area as their main guide. This allows agents to identify what potential buyers are willing to pay, helping to understand the local supply and demand for property.

A combination of various factors, including your personal circumstances and the current state of the surrounding property market, will determine the value of your home.

How do you decide which agent to go with?

Choosing the right agent can be a daunting process, as your home is your most valuable asset, so shop around and speak to a variety of agents. Never choose an agent based on how much they value your home, as some agents will quote you a slightly higher value than they believe simply to get your business.

It's critical to have a connection with your chosen agent, as you will spend a lot of time with them, and you want to make sure they love and respect your property as much as you do. Trust your gut, don’t rush, and ensure you like the agent you will be working with. By working with us, we can offer support from your first home valuation all the way to exchanging contracts and discovering your next dream home.

 

Book a free, in-person valuation today and allow us to support you throughout your entire selling journey