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 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***

 

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****

 

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*

Keep Your Rental Property Earning All Year Round

Know Your Market and Price Smartly

The quickest way to fill a vacancy is to make sure your rent is competitive. Research similar properties in your area and compare their features, condition, and location. Pricing slightly below the competition can attract more interest and secure a tenant sooner, reducing the financial impact of an empty property.

Present Your Property at Its Best

First impressions matter. Fresh paint, clean carpets, and well-maintained fixtures can make your property stand out in listings and viewings. A small investment in presentation often pays off in shorter gaps between tenancies – and it can even justify a higher rent in the long run.

Market Proactively Before the Tenancy Ends

Don’t wait until your current tenant moves out to start marketing. If you know the property will become available, arrange professional photography and begin advertising several weeks in advance. This way, you can line up viewings and potentially have a new tenant ready to move in immediately after the old one leaves.

Offer Flexible Tenancy Terms

A strict 12-month fixed term doesn’t suit every renter. Offering flexibility such as 6-month terms or break clauses can open your property to a wider tenant pool. Sometimes a small adjustment in terms can be the difference between a two-week gap and a two-month one.

Maintain Good Relationships with Current Tenants

Happy tenants are more likely to renew. Regularly check in, address repairs promptly, and treat your tenants with respect. Even if they do move out, they may recommend your property to friends or family, providing you with a ready-made next tenant.

Minimising void periods is about being proactive rather than reactive. By knowing your market, presenting your property well, and building strong tenant relationships, you can keep your property occupied and your rental income steady throughout the year.

Contact us today for expert advice on reducing void periods and maintaining steady rental income.

Understand what a mortgage is

A mortgage is essentially a loan to help you buy a property. You’ll borrow money from a lender and pay it back over time, usually with interest. Knowing the basics, such as terms, interest rates, and repayment options, gives you confidence when comparing different deals.

Check your finances first

• Before you start house hunting, review your financial situation. Calculate your income, outgoings, and existing debts.
• Check your credit score, as lenders use that information to decide how much they’ll lend you and at what rate. The stronger your finances, the better your mortgage options.

Decide how much you can afford

• Consider how much you can realistically borrow and what monthly repayments you can manage.
• Don’t forget to include additional costs like stamp duty, legal fees, insurance, and moving expenses.
• A clear budget prevents overstretching and reduces financial stress later.

Research different mortgage types

• There are many types of mortgages: fixed-rate, variable-rate, interest-only, and more. Each has pros and cons depending on your circumstances.
• Fixed rates provide stability, while variable rates may offer lower initial payments but can change over time.

Get a mortgage in principle

• A mortgage in principle (also called an agreement in principle) is a statement from a lender confirming how much they’d be willing to lend you.
• The statement can strengthen your position when making an offer, showing sellers you’re a serious buyer.

Compare lenders and deals

• Don’t settle for the first offer. Compare interest rates, fees, and terms across different lenders.
• Mortgage brokers can also help by searching the market and identifying deals that match your needs.

Prepare your documentation

• Lenders will need proof of income, bank statements, ID, and other documents to process your application.
• Having everything ready speeds up approval and avoids delays.

Apply for your mortgage

• Once you’ve chosen a lender and gathered your documents, submit your mortgage application.
• Be ready to answer questions and provide additional paperwork if requested. Patience is key – approval can take a few weeks.

Consider additional costs

• A mortgage isn’t the only expense. Factor in insurance, maintenance, utilities, and any renovations.
• Planning for these costs ensures your finances stay healthy after you move in.

Seek expert advice if needed

• Mortgage advisors, brokers, and estate agents can provide guidance tailored to your circumstances.
• They help navigate the process, find competitive deals, and explain the fine print so you make an informed decision.

Getting your mortgage right

Understanding how mortgages work and preparing in advance can save time, money, and stress. With careful planning, you’ll be ready to make confident decisions and secure your dream home.

Ready to take the next step?

Talk to one of our expert advisers today and get personalised guidance to make your

mortgage journey smooth and stress-free.

Why first-time buyers are in focus

Getting on the property ladder can feel daunting, with rising house prices and the challenge of saving for a deposit. The good news? Recent government initiatives, lender schemes, and market trends are giving first-time buyers a much-needed boost, making it easier to take that first step into homeownership.

Government schemes to support you

• Help to Buy Equity Loan: Borrow a percentage of your property’s value interest-free for the first few years, reducing the mortgage you need upfront.
• Shared Ownership: Buy a share of your home and pay rent on the rest, allowing you to enter the market with a smaller deposit.
• First Homes Scheme: Discounts on new-build properties for eligible first-time buyers in certain areas.

Mortgage incentives and competitive rates

Lenders are increasingly offering competitive rates and flexible options for first-time buyers. Lower interest rates, smaller deposits, and tailored mortgage products can help reduce initial costs and make monthly repayments more manageable. Speak with a mortgage adviser to explore the latest offers and find a product that fits your budget.

Saving smarter for your deposit

• Regular savings plan: Set up a dedicated account and contribute consistently.
• Help from family: A gift or loan from relatives can make a real difference.
• Government schemes: Some regions offer matched savings or bonuses for first-time buyers.

Act quickly, plan carefully

With market conditions and new initiatives evolving, timing is important. Staying informed, speaking to local estate agents, and getting pre-approved for a mortgage can give you an edge in a competitive market.

Ready to take your first step onto the property ladder?

Contact us today for expert advice, tailored guidance, and the latest opportunities for first-time buyers.

Upgrade your home for the modern buyer

Today’s buyers expect more than just four walls and a roof; they want convenience, efficiency, and security. Smart home technology can deliver all three, making your property more attractive and often increasing its value.

Smart security for peace of mind

• Video doorbells, smart locks, and security cameras give buyers a sense of safety and control.
• Homes with visible security technology often command higher offers because buyers feel they’re getting a low-risk investment.

Energy efficiency and convenience

• Smart thermostats, lighting systems, and energy monitors allow homeowners to reduce bills and carbon footprints.
• Eco-conscious buyers see these features as long-term savings, making the property more appealing and valuable.

Connected entertainment and lifestyle features

• Smart speakers, automated lighting, and multi-room audio turn a house into a modern, comfortable home.
• Buyers love spaces that feel ready for a connected lifestyle, giving your property a competitive edge.

Kitchen and bathroom tech upgrades

• Touchless taps, smart ovens, and integrated appliances can add that wow factor.
• Small technology upgrades can make these essential spaces feel high-end without a full renovation.

Flexibility means future-proofing

• Homes that are Wi-Fi enabled, voice-controlled, and compatible with multiple smart devices signal adaptability for future trends.
• Buyers value properties that won’t feel outdated in a few years, which can translate into higher offers.

Looking to increase your property’s appeal and value?

Contact us today to explore which smart home upgrades make the most impact for your property.