Fresh Property Insights: What You Need to Know This Month

Fresh Property Insights: What You Need to Know This Month




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*



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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.


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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…

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What landlords look for in great tenants

Finding the right rental home can feel competitive. While location and budget top your priorities, landlords are quietly running their own “wish list” in the background. Understanding what they value can give you a real edge when you apply. Here’s what turns a good applicant into a great tenant from a landlord’s point of view.

1. Reliability is king
Landlords want to know the rent will arrive on time, every time. This isn’t just about financial stability—it’s about trust. If you have a history of timely payments, highlight it. A strong reference from a previous landlord or a steady employment record can instantly put you ahead of other applicants.

2. Respect for the property
A home is more than four walls to a landlord—it’s an investment. Tenants who look after it as if it were their own are gold dust. Small signs make a difference: removing shoes during a viewing, showing care when discussing furnishings, or asking about maintenance procedures signal you’ll treat the place well.

3. Good communication
Issues happen—boilers break, taps leak—but how you handle them matters. Landlords value tenants who report problems promptly and politely, rather than letting them escalate. Clear, courteous communication builds a partnership where both sides benefit.

4. Stability and commitment
If you’re planning to stay for more than a year, say so. Longer tenancies mean fewer void periods for landlords and more security for you. Mentioning your future plans during a viewing can quietly reassure them you’re not a short-term gamble.

5. Positive references
Glowing references from previous landlords or employers carry huge weight. They tell a story that paperwork alone can’t about your character, your reliability, and your respect for agreements.

6. A little preparedness goes a long way
Arriving at a viewing with your documents ready—like ID, proof of income, references—speeds up the process. It also shows you’re organised, serious, and ready to move.

Why it matters
Great tenants make a landlord’s life easier and their investment more secure. By showing you’re dependable, respectful, and easy to work with, you’re not just applying for a home—you’re presenting yourself as the perfect match.

Stand out, be the tenant landlords remember.

Contact us today to get started.

 



Is it worth paying off your mortgage early?

Paying off your mortgage early is an attractive goal for many homeowners. The idea of becoming debt-free, eliminating monthly repayments, and achieving financial freedom sounds tempting. But is it always the best choice? While there are clear benefits to paying off your mortgage ahead of schedule, it’s important to weigh those against potential drawbacks.

The Benefits of Paying Off Your Mortgage Early

  • Freedom from Debt: The most obvious benefit is freedom from debt. Once your mortgage is paid off, you no longer have monthly repayments, which can significantly reduce financial stress and give you greater peace of mind.
  • Save on Interest: By paying off your mortgage early, you can save on interest payments. Mortgages typically span 25 years or more, so the longer you have a loan, the more you’ll pay in interest. Paying off your mortgage early reduces the total interest you owe, resulting in significant savings.
  • Build Equity Faster: Paying down your mortgage increases the amount of equity you have in your home. This is especially helpful if you plan to sell or refinance in the future, as it increases your ownership stake.
  • Increased Financial Flexibility: Once the mortgage is paid off, you’ll have more disposable income for other goals, such as saving for retirement or investing. Without a mortgage, your cash flow becomes more flexible, allowing you to take on new opportunities.

The Drawbacks of Paying Off Your Mortgage Early

  • Missed Investment Opportunities: Instead of putting extra money toward your mortgage, you could invest it in stocks, pensions, or other higher-yield options. If these investments earn more than your mortgage interest rate, you could miss out on greater financial growth.
  • Impact on Cash Flow: Making additional mortgage payments can affect your short-term cash flow, especially if it means sacrificing other priorities like building an emergency fund or saving for retirement. Ensure you’re not putting yourself at financial risk.
  • Loss of Tax Benefits: Some homeowners benefit from tax deductions on mortgage interest, particularly if self-employed or earning higher incomes. Paying off your mortgage early may mean losing these tax advantages.

Is It the Right Move for You?
The decision depends on your financial goals and personal situation. Consider factors like your mortgage rate, available savings, and investment options. For homeowners with high-interest loans, paying off the mortgage early may be advantageous, while those with low rates might prefer to invest their money elsewhere.

Paying off your mortgage early can provide peace of mind and save on interest payments, but it’s not always the best financial choice. Consider the opportunity costs, your financial flexibility, and other long-term goals before making the decision. Consulting with a financial advisor can help you make the best choice based on your circumstances.

Wondering if paying off your mortgage early is right for you? Contact us today for personalised advice on your financial goals

 



Budget-friendly kerb appeal hacks that sell homes

Making a Memorable First Impression

When selling your home, the first thing buyers notice is the exterior. You don’t need a full renovation to make a striking impression. Simple, budget-friendly improvements can enhance your home’s kerb appeal, helping it stand out in a competitive market.

1. A fresh coat of paint on the front door

Your front door is a key feature buyers see first. A new coat of paint can transform its look instantly.

What to do:

  • Clean the door thoroughly before painting to avoid dust affecting the finish.
  • Choose weather-resistant paint and a bold, tasteful colour like navy, charcoal, or deep red.

2. A tidy garden makes an impression

Even a small garden can create impact if well-maintained. Simple care gives a welcoming feel.

What to do:

  • Mow the lawn, trim hedges, and remove weeds.
  • Add flowers in pots or borders for colour.
  • Keep outdoor furniture tidy – a neat bench or chair is inviting.

3. Add lighting for ambiance and security

Good lighting enhances the look of your home and provides safety.

What to do:

  • Use solar lights along paths or driveways.
  • Install wall lanterns or string lights for a cosy garden atmosphere.

4. Keep windows and gutters clean

Clean windows and gutters signal a well-maintained property.

What to do:

  • Use glass cleaner for sparkling windows.
  • Clear gutters and drainpipes, especially after rain.

5. Revamp the letterbox and house numbers

Small details matter – modern updates give a fresh, cohesive look.

What to do:

  • Install a modern letterbox that complements the door.
  • Update house numbers with clear, bold typography.

6. Create a welcoming path

The front path should invite buyers in and connect to the garden.

What to do:

  • Pressure wash driveways or paths to remove moss and dirt.
  • Add small plant pots along the edges to frame the path.

7. Frame your windows with greenery

Window boxes or hanging baskets can add personality and charm.

What to do:

  • Choose low-maintenance, weather-resistant plants like geraniums, begonias, or petunias.
  • Regularly check for dead leaves or plants to keep boxes neat.

Small changes, big impact

Enhancing kerb appeal doesn’t require a large budget. Simple updates like painting, planting flowers, and adding lighting create a welcoming exterior that helps buyers imagine themselves at home.

Want more advice on selling your home quickly and for the best price?

Get in touch today, and let’s make your home irresistible to buyers!



From valuation to completion: Understanding the selling timeline

Clarity from the Start: Your Step-by-Step Home-Selling Timeline

Selling your home is more than just accepting an offer – it’s a process with several stages, each one important to getting the outcome you want. Understanding what happens, when, and why can make the journey smoother and less stressful, especially if it’s your first time or if it’s been a while.

Here’s a clear, step-by-step look at the typical selling timeline from the moment you invite an agent over to the day you hand over the keys.

1. Valuation and Setting the Price
It all starts with a market appraisal. Your agent will assess your property’s condition, layout, and location, while reviewing recent local sales. This isn’t just about numbers – it’s about understanding what today’s buyers are looking for and how your home fits.
After the valuation, you’ll agree on a pricing strategy – this might mean marketing slightly below to drive competition or aiming higher if demand is strong.

2. Preparing Your Home for Sale
Presentation matters before your property hits the market. This may include decluttering, a bit of touch-up painting, and small fixes. Your agent will often arrange professional photography and floorplans to make your listing stand out online. Tidy gardens, sparkling kitchens, and neutral spaces tend to get more clicks and more viewings.

3. Launching Your Property
Once your home is listed on portals like Rightmove and Zoopla, the first week is crucial. This is when you’ll get the most attention. Viewings are booked, feedback is gathered, and you’ll start to get a sense of the market response.

4. Receiving and Negotiating Offers
Your agent will manage offers, verify buyers’ financial positions, and help you assess not just the amount offered but also the strength of the buyer – are they chain-free? Mortgage-approved or cash?
Once a deal is agreed, you move to Sold Subject to Contract (SSTC).

5. Conveyancing and Surveys
After an offer is accepted, the legal process begins. You’ll instruct a solicitor to handle the paperwork, and the buyer will organise surveys and mortgage valuations. Your agent will stay involved to help move things along and resolve any issues.

6. Exchange and Completion
Once contracts are exchanged, the sale becomes legally binding. A completion date is agreed, usually 1–4 weeks later. This is when you’ll vacate the property, hand over the keys, and funds are transferred.

A Smoother Move, With the Right Guide
Selling a home doesn’t need to be a guessing game. With the right support and clear steps in place, the process becomes less daunting and more manageable.

Ready to start your selling journey? Let us guide you from first step to sold.