Welcome to your monthly property update!

Six mistakes landlords should avoid making

The rental market is highly lucrative and full of opportunity, with soaring demand and lists of people looking to rent. As a landlord, you are set to gain a good return on investment; it’s just a bit more complex than it used to be.

Not conducting tenant screening
It’s vital to carry out the right background checks. The last thing you need is to place a tenant who is problematic when it comes to damage to your property or paying rent. Credit checks and references are good ways to ensure you are letting your property to the right tenants.

Not keeping on top of maintenance
It’s imperative to keep on top of your property. Small issues can very quickly become expensive problems if not dealt with quickly. If tenants live happily in a well-maintained property, then this reduces the risk of accidents, claims, or losses in revenue if your tenant decides to leave.

Not conducting inspections
A great way to prevent expensive repairs is to conduct regular inspections of the property. This will help you identify any potential problems before they become repairs. It's vital that you give your tenants at least 24 hours' notice before conducting viewings. It’s less about checking up on tenants and more about keeping your property in good condition.

Neglecting legal obligations
From the right safety checks to the correct level of insurance, there is a lot to remember. Having the right tenancy agreement is also vital, and you don’t want to skim over the details of this. It’s important to define the cost of rent and what it covers to notice periods. It’s also important to maintain records of rent payments, and while some things may not be a legal requirement, they can help your case if legal disputes arise.

Incorrect pricing
When deciding how much rent to charge, it’s important to strike the right balance. You don’t want to charge too much, which could lead to your property being vacant. On the other hand, you must factor in your maintenance costs and the area where your property is located.

Not using a letting agent
A letting agent can take care of as much or as little of all these processes for you, which helps protect your investment and ensures your rights as a landlord are protected. Managing your own buy-to-let property is a time-consuming business. But more than that, you don't want to get caught out or increase your costs due to poor management.

Buyer demand remains strong this summer

Buyer demand in July was 3% higher than in 2019, but the number of available properties for sale was 12% lower than the same period in 2019.* This means that your home is in demand. While there is a healthier choice of properties than in recent years, demand still exceeds supply.

The housing crisis
There is a backlog of 4.3 million homes that are missing from the national housing market because they were never built.** With so much talk of high interest rates and the cost of living, it’s easy to forget that the housing crisis has not gone away.

Some good news about inflation
Inflation is finally falling, as it dropped to 7.9% in the year to June.*** This is the lowest level for over a year and will impact the base rate, meaning lower mortgage interest rates should follow. As this happens, the property market will revitalise, but without the sudden upsurges of the past.

First-time buyer homes
The national average asking price for these types of homes decreased by -0.4% from June to July, with an annual change of +0.3%.* The demand for first-time buyer-type properties is high, with many people still managing to get a footing on the ladder despite all the challenges. The mortgage guarantee scheme, which ends in December, has helped, as has a competitive range of mortgages from high-street lenders.

Second-steppers homes
The national average asking price for these types of homes decreased by -0.5% from June to July, with an annual change of +0.6%.* With many home movers getting a good price for their first-time buyer-type homes, they are taking advantage of good levels of equity and moving to something bigger. Whether it’s a house in the suburbs or a townhouse, the figures show that these types of houses have increased in value over the past year.

Homes at the top of the ladder
The national average asking price for these types of homes decreased by -0.1% from June to July, with an annual change of +0.8%.* Homes at this end of the market had not been quite as buoyant in terms of sales as those in the first-time buyer market. However, overall, as with all house types, the value of these types of properties looks healthy on an annual basis.

Spend some time with your agent
It’s easy to listen to the news or look at average house prices and arrive at the wrong conclusion. Agents know your local market intimately. Better still, they have the right approach when it comes to pricing your home at the correct level. Properties that need a reduction in asking price are 10% less likely to find a buyer compared to a property that was priced correctly in the first place.* Your situation will differ from that of the next person. You may have high levels of equity in your home, but even if you don't, agents today can put you in touch with mortgage providers and advisors who will create a solution that is right for you.

Get in touch today for advice on all aspects of your move

Rightmove*
centreforcities**
Office for National Statistics***

Great news! Mortgage interest rates are falling

There is nothing better than good news, and while the UK property market is resilient with plenty of buyer demand and many home movers getting on with finding their dream homes. There is much to feel positive about thanks to lowering inflation and falling mortgage interest rates.

Falling mortgage interest rates
Mortgage interest rates are finally falling as the rate of inflation slowed to 7.9% in the 12 months to June.* This means that two and five-year fixed-interest rate deals have been reduced. According to Moneyfacts, the average two-year fixed interest rate deal fell from 6.81% to 6.79% in July.** While this is not a significant reduction, it is a good sign of things to come. With inflation now at its lowest level for more than a year. Many analysts now expect the Bank of England not to raise the base rate by quite as much due to slowing inflation.

Cost of living support
More good news is that lenders are now offering you the chance to extend the term of your mortgage or pay interest only for up to six months. This gives you a breather and will reduce your monthly outgoings. This was instigated by the government and aims to help people who are feeling the pinch of high interest rates.

First-time buyers
The Mortgage Guarantee Scheme was extended until the end of December 2023. The government-backed scheme has helped over 24,000 households get on the property ladder.*** Its aim is to help people with a 5% deposit, and it was launched in April 2021.

Aimed at first-time buyers, it’s similar to the government’s Help to Buy scheme, which ended earlier this year. So, you still have time to take advantage of it.

Increase the term of your mortgage
With mortgage providers now offering longer-term mortgage deals, in some cases up to 35-year terms, you can get on the move now as your mortgage will be more affordable. This could also be a short-term solution to buying the home you want now, as there is nothing to stop you from getting a new deal in a few years.

Have you considered porting your mortgage?
If you are currently locked into a favourable fixed interest rate deal but really want to move home, then porting your mortgage is the perfect solution. Some lenders will allow you to keep your existing mortgage to buy your new property. So, you can move home without changing your mortgage.

Talk to an expert
Your agent will put you in touch with a mortgage advisor who will be able to find a solution that works best for you. In June 2023, there were 5,000 mortgage products available on the market.****

Whether you are a first-time buyer, have a lot of equity in your home, or are downsizing and want to invest in a second property, there are many ways to go about financing a home you can cherish.

Get in touch with our dedicated team today to discuss your property aspirations

BBC*
Moneyfacts**
GOV.UK***
Zoopla****

Eight great things about being a tenant

Being a tenant has a lot of advantages. In the UK, 36% of households rent, 35% of households own their house outright, and 30% of households are mortgage holders.* This technically means that the UK is now a nation of renters. It’s a good time to look at some of the great reasons to rent in the UK.

It’s easier to move
Once you find your perfect place, it’s relatively easy to make your move. With no selling or buying involved, you have a lot more flexibility to find something bigger or somewhere in a different location with speed and convenience, and your agent will take care of everything for you.

Fewer financial commitments
With an initial deposit for a rented property being a fraction of the amount needed for a deposit for a mortgage, you are already saving before you move in. Then, if there are any maintenance issues, you are not liable for the costs. You may find that bills are included in your rent, and this allows you to budget for the more fun things in life.

Less responsibility
With less responsibility for repairs, all you will most likely need to do if something needs fixing is call your agent, who will have a dedicated maintenance team. This, combined with a lower financial commitment and the legal responsibilities of home ownership, means you are not tied down.

You don’t have to worry about rising interest rates
Many homeowners are currently worried about increasing interest rates and paying their mortgages in the current cost-of-living crisis. When you rent, you don’t have to think about this, nor will you need to borrow or become tied down with a mortgage.

Social opportunities
Whether you are renting in the suburbs or a city apartment, because of the ease of moving, you can find a place near the social scene or amenities that most interest you. Whether you are addicted to travelling and want proximity to the airport, or you simply want to be near a decent gym, living close to good restaurants and bars will save you time and add to the quality of your life.

You can focus on other investments and goals
With fewer financial commitments, you could choose to invest in the stock exchange or perhaps properties in locations that are more affordable. You may have a retirement plan, a hobby, or a business you would rather develop. Perhaps you have other passions you want to pursue.

Greater freedom to explore
If you are developing your career and, as a result, may move abroad or change your job roles regularly and don't want the financial commitment of a mortgage, then renting can be the perfect solution. Renting also allows you to explore different living arrangements, from sharing to city life and then, in no time at all, country living.

Try out different properties
There are so many different property types you can enjoy renting. From a flat in the city to luxury homes, humble terraced homes to rural retreats. Whatever you are looking for, from a quaint village to a place in the leafy suburbs, it’s always worth talking to a good agent to help you in your search.

English Housing Survey*

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Is your property ‘move-in ready’? What that really means today

Today’s buyers and tenants want simplicity

Buyers and tenants this year, are busier and more informed than ever. When searching for a new home, they’re looking for spaces that feel complete from day one. That’s where “move-in ready” comes in a phrase you’ll hear often in property conversations. But what does it actually mean today?

Simply put, move-in ready means there are no big jobs, no lingering repairs, and no stressful surprises. The space is clean, well-presented, and ready to be lived in. For sellers and landlords, achieving this can give you a valuable edge in a competitive summer market.

The basics are still the most important

The first step to move-in ready? Get the basics right. That means:

A thorough professional clean from top to bottom

All appliances working and in good condition

Functional plumbing and electrics

Fresh, neutral décor that allows the new occupant to visualise their own style

No visible repairs needed no peeling paint, broken handles, or loose tiles

Even small flaws can cause buyers or tenants to hesitate or negotiate on price.

Kitchens and bathrooms lead the list

If there are two areas where buyers and tenants expect excellence, it’s the kitchen and bathroom. These spaces signal how well a home has been looked after.

You don’t necessarily need a full renovation. Even smaller updates like replacing dated cabinet handles, adding new sealant, or updating lighting can elevate the look dramatically.

For landlords, making sure these spaces feel hygienic and modern can reduce void periods and encourage long-term tenants to stay.

Energy efficiency and extras are a bonus

Move-in ready also means energy efficient. Buyers and tenants are increasingly conscious of running costs and environmental impact. Good insulation, double-glazed windows, and energy-efficient appliances are all major plus points.

Extras like smart thermostats, secure bike storage, or even thoughtful landscaping add appeal without requiring major investment.

Presentation matters

Staging and presentation go hand in hand with move-in ready. Sellers should consider how furniture layout, lighting, and décor can enhance flow and showcase space. Landlords should focus on clean, functional, and inviting interiors that allow new tenants to immediately feel at home.

First impressions still count so don’t forget the kerb appeal. A tidy front garden, freshly painted front door, and clean windows can set the perfect tone before anyone steps inside.

The reward? A faster, smoother move

Properties that are truly move-in ready tend to sell or let faster and with fewer complications. Buyers and tenants appreciate not having to organise tradespeople or budget for urgent fixes before they can settle in.

If you want to get ahead this summer, a little preparation now could be the difference between weeks on the market and a smooth, successful transaction.

Making moving day less stressful (yes, it’s possible)

Moving day doesn’t have to be mayhem

If you ask most people what they dread about moving, it’s not choosing the new place it’s the big day itself. Boxes everywhere, endless lists, lost keys, and last-minute panics can make even the most organised movers feel frazzled. But it doesn’t have to be that way.

With a little preparation and a few mindset shifts, moving day can be far calmer than you think. Here’s how to make it happen.

1. Start earlier than you think you need to

Packing always takes longer than expected. Start at least two weeks before moving day. Begin with things you don’t use daily - books, seasonal clothes, spare bedding. Label every box by room and jot down a quick list of what’s inside. It’ll save hours of frustration later.

If you’re renting, don’t forget to allow time for any cleaning or repairs to ensure you get your full deposit back.

2. Book your moving help in advance

Whether you’re hiring professional movers, renting a van, or relying on friends and family, confirm your help as early as possible—especially in the busy summer moving season. Movers often get booked weeks ahead, so lock in your date early.

Even with helpers, plan a simple structure for the day: who’s loading what, who’s managing essentials, and what needs to be done first at the new place.

3. Create a ‘first day’ essentials box

This is a moving day lifesaver. Pack a separate box or bag with the things you’ll need immediately:

Kettle, mugs, tea/coffee

Snacks and water

Phone chargers

Toilet paper

Bed sheets and towels

Cleaning supplies

Important documents

Having these to hand will give you breathing space before tackling the rest of the unpacking.

4. Accept that not everything has to be perfect

The biggest cause of moving stress? Expecting the day to run perfectly. It won’t and that’s ok. Things will take longer, unexpected hiccups will happen, and you might not be fully unpacked for a while. Instead of aiming for perfect, aim for progress.

The first priority is simply getting everything safely into your new home. The rest can follow at your own pace.

5. Take moments to enjoy it

This is a big milestone. Amid the legwork, take a minute to stand in your new home and appreciate it. Order takeaway, toast with a cup of tea, or just sit in your new space and exhale. You’ve done it.

The little things tenants love (that landlords often forget)

It’s the small details that create lasting impressions

For landlords, meeting the legal and safety standards of a rental property is essential. But if you want to turn a good rental into a great one and encourage tenants to stay long-term it’s often the little extras that make all the difference.

In a competitive market, these small touches can set your property apart and make tenants feel genuinely at home from day one. Here are a few of the things tenants appreciate most (but landlords sometimes overlook).

1. Thoughtful lighting

Good lighting transforms a space. Tenants love homes with well-placed lamps, pendant lighting, and brighter bulbs in work areas like the kitchen. Even simple upgrades like warm LED bulbs or stylish lampshades can instantly make a rental feel more inviting and cared for.

2. Practical storage solutions

No one ever complains about too much storage. Tenants appreciate homes with clever storage options, from fitted wardrobes to additional shelving and secure outdoor storage (perfect for bikes or tools). It shows forethought and consideration for everyday living.

3. Window dressings that work

Many tenants arrive with little more than suitcases. Providing clean, neutral curtains or blinds saves them hassle and expense and gives the property a polished, ready-to-move-into look. It also avoids the mismatched DIY window coverings that sometimes appear in rentals.

4. Well-maintained outdoor space

Whether it’s a private garden, a shared courtyard, or even just a balcony, outdoor areas are highly valued. Simple touches like tidy lawn edges, swept paths, or potted plants can make tenants feel welcomed and proud of their space.

5. Clear instructions and welcome touches

A small folder with appliance manuals, bin collection dates, Wi-Fi details, and local recommendations can make a huge difference for new tenants. It saves confusion and creates a sense of care and professionalism. Some landlords even go one step further with a welcome pack of tea, biscuits, or a few essentials for the first night.

6. Responsiveness and respect

It’s not an item, but it’s the one thing that matters most: tenants stay where they feel respected. Being prompt with repairs, communicating clearly, and handling issues with care and fairness will earn lasting goodwill.

Why these details matter

Tenants who feel comfortable and valued are far more likely to stay longer, look after the property, and speak positively about their experience. For landlords, this means fewer void periods, less wear and tear from constant turnover, and a smoother overall letting experience.

Your summer home goals: tidy up, freshen up, move on?

Summer is the season of fresh starts

There’s something about summer that naturally inspires change. The days are longer, the light is brighter, and everything feels just that little bit more possible. Whether you own your home, rent it, or manage properties, summer is the perfect time to reassess, refresh, and reset your space or even your plans.

The beauty of summer home goals is that they can be big or small. You might be thinking of selling, preparing to let, or simply giving your home a well-deserved seasonal refresh. Whichever it is, now’s the time to start.

Tidy up: The simplest reset

Before you do anything else, consider the simplest and most satisfying task: decluttering. Clearing out unused items, tackling overstuffed cupboards, and donating or recycling what you no longer need can completely change how your home feels.

For landlords, a mid-year tidy-up (especially between tenants) can make a property instantly more appealing. For homeowners, it’s a chance to make space and appreciate the home you’ve created. Even tenants can benefit from the calm and clarity a simple clear-out can bring.

Freshen up: Small changes, big impact

You don’t need a full renovation to make a big difference. A fresh coat of paint, new cushions, some house plants, or a rearranged room layout can transform your space for the season.

Summer is also the perfect time to give outdoor spaces some attention. A mown lawn, tidy patio, or a few colourful potted plants can turn even a small outdoor area into a haven for relaxing or entertaining.

For sellers and landlords, these small touches make a big difference in viewings. A property that feels well cared for and loved will always appeal more strongly to buyers and prospective tenants.

Move on: Ready for the next chapter?

For some, summer signals more than just a refresh it’s the start of the next big step. If you’ve been thinking of moving, upsizing, downsizing, or switching properties, summer offers ideal conditions to begin. Buyers and renters are often more active, daylight hours make viewings easier, and properties look their best in natural light.

Even if you’re not quite ready yet, this season is a perfect opportunity to start exploring your options or planning your next move. Speak to a local property expert, explore areas of interest, and make a list of what you want from your next home.

Whatever your summer goal, enjoy the journey

Whether you’re staying, selling, letting, or moving on, your home should always reflect and support your lifestyle. Summer is simply the perfect time to make sure it does.