Welcome to your monthly property update!

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.

Contact us today to find your buy-to-let property



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.

Contact us today to discuss your rental requirements

 
English Housing Survey*



Ealing Blues Festival 2024July 27th–28th, 2024

The founding of The Ealing Blues Club by Alexis Korner & Cyril Davies on 17 March 1962 is generally acknowledged as the catalyst for British Rock Music.


Click here to read Ealing Blues Festival 2024July 27th–28th, 2024.



Robert GlasperThu, 21 Nov 2024

Robert Glasper draws from jazz, hip-hop, R&B and rock, but refuses to be pinned down by any one tag, long keeping one foot planted firmly in jazz and…

Click here to read Robert GlasperThu, 21 Nov 2024.



Is your property move-in ready? What buyers expect today

First impressions count more than ever
Today’s buyers are walking into viewings with higher expectations and sharper eyes. With more choice on the market, they are not just looking for potential - they are looking for properties that feel ready to live in from day one. Move-in ready homes not only sell faster - they often attract stronger offers too. So, what makes the difference?

Clean, fresh, and cared for
Buyers want to feel confident that a home has been well looked after. That starts with the basics: clean surfaces, freshly painted walls, and no lingering repairs. A leaky tap or peeling skirting board might seem minor, but these small issues can raise doubts about overall maintenance. A property that looks and feels clean suggests one that has been genuinely cared for.

Neutral tones and modern touches
While bold décor may reflect your personal style, most buyers prefer a blank canvas. Light, neutral colours help rooms feel larger and allow viewers to visualise their own belongings in the space. Simple modern updates, such as new light fittings, sleek handles, or contemporary tiling, can give your home an up-to-date look without the need for major renovations.

Storage and layout that works
Functionality is a huge selling point. Buyers are drawn to properties where the layout flows and where storage is thoughtfully integrated. Built-in wardrobes, organised utility areas, and even clever under-stair solutions can make a big impact. The easier it is for buyers to imagine living comfortably in the space, the stronger their interest.

Energy efficiency and modern comforts
Features like double glazing, efficient boilers, good insulation, and even smart thermostats are now on many buyers’ must-have lists. These additions signal lower running costs and long-term comfort. A high EPC rating can also tip the balance for energy-conscious viewers.

A ready to enjoy outdoor space
If your property has a garden, balcony, or patio, make sure it feels like an extension of the home. Tidy hedges, clean decking, and inviting furniture help buyers picture themselves enjoying summer evenings outdoors. Even small outdoor spaces can have big appeal when presented thoughtfully.

Ready means reassuring
Ultimately, move-in ready means move-in easy. It gives buyers reassurance that they can focus on settling in, not fixing up. If your property delivers that promise, you are more likely to receive offers that reflect its true value.

Get expert advice on selling ready homes



Little things, big impact: What tenants appreciate most

It is not always the big features
When tenants view a rental property, they are certainly looking at size, layout, and location. But it is often the little things that leave a lasting impression. Small details that show care, thoughtfulness, and practicality can make a property stand out - and help turn a short-term let into a long-term home.

Cleanliness and maintenance matter
The basics count. A freshly cleaned property, working fixtures, and a tidy garden or entranceway all speak volumes about how the home has been cared for. Tenants want to feel confident that if something goes wrong, it will be addressed promptly. A well-maintained home builds trust right from the first viewing.

Functional fittings and fixtures
Modern appliances, quality taps, solid door handles, and working blinds may seem minor, but they make daily life easier and more comfortable. Energy-efficient lighting, clear labelling on the fuse box, or simple instructions for the boiler are small steps that show you are thinking about the tenant experience.

Storage space and smart solutions
Tenants often come with more belongings than a furnished property might expect. Built-in storage, useful shelving, and hanging space can go a long way. Even a few extra hooks behind the door or clever under-bed storage options can be a welcome surprise that makes living in the property more convenient.

A warm welcome
First impressions are everything. A welcome note, a small starter pack with essentials, or simply a folder with key information and emergency contacts can make new tenants feel at home. It sets the tone for a respectful and cooperative landlord-tenant relationship.

Comfort and connectivity
Soft furnishings, working Wi-Fi, and reliable heating and hot water make a property not just livable - but enjoyable. These are the details tenants remember and share in reviews or recommendations. Comfort is key to satisfaction, and satisfied tenants are more likely to stay longer.

A personal touch goes a long way
In a competitive rental market, it is the details that make a property stand out. When tenants feel considered, they feel at home - and that benefits everyone.

Discover how to boost tenant satisfaction



Moving made easy: Tips for a smooth transition

Start with a smart plan
Moving home can be one of the most exciting - but also one of the most stressful - life changes. Whether you are upsizing, downsizing, or relocating for work or lifestyle, the key to a smooth transition is good preparation. A clear plan helps turn a potentially chaotic process into a well-organised experience.

Declutter before you pack
Use the move as an opportunity to streamline your belongings. Go room by room and sort items into what you will keep, donate, or discard. This not only makes packing easier but also saves you time and money on moving day. A lighter load means a lighter experience - especially during the warmer summer months.

Label and organise as you go
When packing, label each box clearly with its contents and the room it belongs in. Use colour-coded stickers or clear marker pens so movers know exactly where things go. Pack essentials separately, including toiletries, a kettle, chargers, snacks, and anything you will need on the first day in your new home.

Notify and transfer services
Make a list of everyone who needs to know about your move. This includes utility providers, internet services, banks, GP surgeries, and any subscriptions. Arrange meter readings for your old and new property, and try to have internet and essential utilities activated before your move-in date.

Be flexible and stay calm
No move is perfect, but staying calm and keeping a sense of humour can make a big difference. Allow extra time for each stage, especially if you are moving with children or pets. If anything goes off schedule, remind yourself that the goal is to get settled - not to be perfect.

Settle in step by step
Once in your new place, do not rush to unpack everything at once. Focus on setting up key spaces first - like the bedroom and kitchen - then work gradually through the rest. Give yourself time to adjust, get to know your new neighbourhood, and enjoy the start of your next chapter.

Let us guide your next smooth move

 



Summer goals: Refresh, revamp, relocate

A season of opportunity
Summer is the perfect time to pause, reflect, and realign. With longer days and a natural sense of renewal in the air, many homeowners and tenants find themselves asking: what could be better about where I live? Whether it is refreshing your space, revamping your home, or planning a full move, now is the time to set your summer goals in motion.

Refresh your surroundings
Sometimes the smallest changes make the biggest difference. A fresh coat of paint, new soft furnishings, or even a good declutter can breathe new life into your space. If you are renting, think of easy, reversible tweaks that bring personality - like statement cushions, temporary wallpaper, or clever storage solutions. For owners, this could be the moment to finally tackle that hallway or garden project you have been putting off.

Revamp with purpose
Thinking bigger? A well-planned update to your kitchen, bathroom, or outdoor area not only improves your lifestyle - it can also add long-term value. Focus on upgrades that blend style with function. Energy efficiency, smart storage, and quality finishes are all high on the list for today’s buyers and renters, making them smart investments whether you plan to stay or sell.

Relocate with clarity
Maybe this summer marks the beginning of your next chapter. If your current home no longer fits your needs, this could be the time to explore your options. Whether you are upsizing, downsizing, or simply changing scenery, having a clear goal makes the process smoother. Speak with a local expert, get your finances in order, and take the first steps toward a move that aligns with your lifestyle.

Make a plan, not just a wish
Setting property goals is not just about dreaming - it is about doing. Think about what you want to feel when you walk through your front door, and let that vision guide your next steps. Whether it is comfort, space, efficiency, or freedom, summer is your chance to make it happen.

Achieve your property goals this summer, we're here with you.