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*

Understanding the Multiple Offer Market

The property market often heats up in late autumn as buyers try to secure homes before the winter. This can lead to multiple offers on desirable properties. While competition can be intimidating, understanding the landscape gives you a strategic advantage.

Competitive Strategies

Start by being financially prepared. Mortgage pre-approval, proof of funds for cash buyers, and a clear budget set realistic boundaries. Consider offering flexibility on completion dates or accommodating the seller’s timetable - small concessions can make your offer more attractive without increasing your bid unnecessarily.

Enhancing Your Offer Package

Beyond the headline price, sellers respond to a strong, well-presented offer. Include a personal note outlining why the property suits your needs, be transparent about your timeline, and make your offer clean - for example, avoid complex conditions that could delay completion. A simple, well-structured offer often stands out more than the highest one.

Reading Seller Psychology

Understanding the seller’s priorities is key. Some may value speed and certainty over the absolute highest price, while others focus on emotional connection with the buyer. Tailor your approach to the seller’s motivations, and you can edge out competing bids without overpaying.

Negotiation Techniques

If multiple offers are on the table, stay calm and strategic. Avoid entering a bidding war blindly. Set your ceiling in advance and be prepared to walk away if the price exceeds your comfort level. Sometimes a measured counter-offer or a sweetened offer package can tip the scales in your favour.

Multiple offers don’t have to mean stress or overspending. With preparation, insight into seller priorities, and a smart approach to offer presentation, you can win the home you want while keeping your finances in check.

Secure your next home smarter - seek expert guidance today.

Rate Updates

Each November, LHA rates are reviewed to reflect rental market shifts. This year, changes will affect different property sizes and regions differently, meaning some tenants may see increases while others face reductions. Early awareness of these adjustments is crucial for both landlords and tenants, especially as we move into the colder months when heating and living costs rise.

Tenant Impact

For tenants relying on LHA, a rate change can affect budgeting and rental affordability. Understanding how your specific property size and area are affected helps tenants plan for the transition from autumn into winter. Landlords can support tenants by providing clear guidance on expected payments and helping them access advice on budgeting or benefit applications.

Landlord Implications

Landlords need to assess how LHA changes influence rent collection and occupancy levels. Properties that exceed LHA limits may see higher arrears risk if tenants cannot cover the shortfall. Preparing early and communicating openly with tenants helps mitigate potential disputes, while reviewing rental pricing strategies can maintain demand and reduce void periods.

Benefit Calculations

The updated rates impact how benefits are calculated, affecting total household income and eligibility. Ensuring you or your tenants understand the new calculation methods prevents surprises and delays in payments. This is particularly important in November, when households begin to face increased heating costs and other seasonal expenses.

Stay ahead this November - check your LHA rates with expert guidance today.

Understanding Independent Assessments

When disagreements arise over property condition, independent assessments can provide clarity. Professional surveyors or inventory specialists offer impartial reports on damage, wear and tear, and necessary repairs. In early winter, with damp and frost affecting homes, an unbiased evaluation is especially useful in distinguishing genuine damage from seasonal wear.

Clarifying Repair Standards

Landlords and tenants often disagree on what constitutes acceptable maintenance. Knowing the standard required for repairs—whether dictated by tenancy agreements or legal obligations—helps both parties set realistic expectations. From heating systems to insulation issues, establishing clear benchmarks prevents minor disputes from becoming costly arguments.

Negotiating Costs Effectively

Once the problem is identified, negotiating repair costs is the next step. Tenants may offer to contribute to minor fixes, while landlords can provide quotes or receipts to justify deductions. Open, transparent discussions about shared responsibilities often lead to faster, fairer resolutions than formal legal action.

Following Legal Procedures

If disputes cannot be settled informally, following the correct legal process is essential. Tenants can refer to tenancy deposit schemes for dispute resolution, while landlords may consider formal letters, mediation, or, as a last resort, court action. Acting early in November ensures that any winter-related complications such as heating failures or storm damage are addressed promptly, avoiding prolonged disruption.

Tips for Smoother Resolutions

• Document everything: Keep photographs, receipts, and correspondence to support claims.
• Communicate clearly: Address issues quickly and politely to prevent misunderstandings.
• Seek advice early: Independent surveyors or legal experts can prevent costly mistakes.
• Be proactive: Seasonal checks before winter can reduce disputes and protect deposits.

Resolve property disputes with confidence – speak to us today