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*



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Energy efficiency: Lower bills matter

Energy bills have become one of the most significant monthly costs in any household budget. Despite the April 2026 reduction in Ofgem's price cap to £1,641 for a typical dual-fuel household, energy costs remain 44% above pre-2021 levels. For tenants, the EPC rating of a rental property is no longer a peripheral detail on a listing. It is a direct and measurable indicator of what the property will cost to live in, and understanding how to use it before you commit to a tenancy is one of the most commercially useful things you can do.

What the EPC rating tells you
An Energy Performance Certificate rates a property from A to G, where A represents the most energy-efficient and G the least. The certificate provides an estimated annual energy cost based on the property's insulation, glazing, heating system, and construction. These estimates use standardised assumptions rather than your specific usage, but they provide a reliable comparative tool for assessing one property against another.

The gap between a Band C and a Band E property in annual running costs can range from £500 to over £1,500 depending on size and property type at current energy prices. That difference is felt every month in heating costs and is largely invisible on a listing description unless you know to look for it. All rental properties in England must have a current EPC, and landlords are required to make it available at the point of viewing. Asking for it before or during a viewing costs nothing and tells you something that photographs and floor plans cannot.

What to look for beyond the headline rating
The letter rating is the most important indicator, but the certificate itself contains more useful detail. It lists the specific features that have produced the current rating, identifies the improvements that would raise it, and provides estimated costs and savings for each recommended measure. A property rated Band D because of a single inefficiency that is inexpensive to address is in a different position to one rated Band D because of solid walls, no insulation, and single glazing throughout.

Two features carry the most direct impact on your daily experience and your bills. The first is the heating system. A modern condensing boiler or heat pump, properly maintained and appropriately sized for the property, costs significantly less to run than an older system operating inefficiently. Ask when the boiler was last serviced and whether a service record is available. The second is insulation. A well-insulated property holds heat, reduces draughts, and requires less energy to maintain a comfortable temperature. This is invisible during a summer viewing but becomes very visible in the first cold week of October.

Why Zoopla's rental data supports prioritising energy efficiency
Zoopla's rental market research consistently shows that energy-efficient properties attract more enquiries and let more quickly than comparable homes without strong credentials. With enquiries per available property at their lowest level in six years according to the March 2026 Rental Market Report, the pool of available properties is at its widest for some time. Tenants who use that choice actively to filter for energy efficiency are making a decision that pays back every month for the duration of their tenancy.

In a market where the average rent nationally stands at £1,319 per month, the difference between a Band C and a Band E property in annual energy costs can represent a meaningful proportion of one month's rent. Over the course of a two-year tenancy, the cumulative saving on energy bills is a figure worth calculating before signing.

The practical step
Before viewing any property, check whether the listing includes an EPC rating. If it does not, ask the agent. A landlord who cannot produce a current EPC is in breach of their legal obligations. A landlord who produces one readily and whose property is rated Band C or above is giving you a clear and verifiable signal about the cost of the home they are offering.

Looking for an energy-efficient home? Talk to our lettings team today



Landlord essentials: What every portfolio needs

The bar for operating a rental property professionally in England has risen significantly over the past two years. The Renters' Rights Act, Making Tax Digital, upcoming EPC compliance deadlines, and the introduction of the Private Rented Sector Database have collectively changed what effective portfolio management looks like. Landlords who operate successfully in this environment share a consistent set of operational foundations, and understanding these is the best starting point for reviewing how your portfolio is managed.

Current and accessible compliance documentation
Every property in a portfolio should have valid and accessible compliance records. Gas Safety Certificates must be renewed annually, served on tenants at the start of each tenancy and provided following renewal. Electrical Installation Condition Reports must remain current, renewed every five years, with copies supplied to tenants. Energy Performance Certificates must also be valid and available when required.

These are not occasional administrative tasks. They are ongoing responsibilities with specific deadlines. Under the Renters' Rights Act, missing compliance requirements can affect a landlord's ability to take certain possession actions, making accurate record keeping essential.

Every landlord should maintain a clear record of certificate issue dates, expiry dates and evidence that documents have been provided to tenants. A spreadsheet or property management system can help keep this information organised and reduce avoidable compliance issues.

A rent review calendar
From 1 May 2026, rent increases are limited to once every 12 months and must follow the Section 13 process using Form 4A with the required notice period. Each property should have its own review date recorded, based on the effective date of the last increase or the start of the tenancy where no previous increase has taken place.

Adding reminders to a calendar or property management system helps ensure important dates are not missed and allows landlords to plan any future rent reviews in line with the correct process.

A digital record-keeping system
Making Tax Digital for Income Tax has introduced new record-keeping requirements for landlords above the relevant income thresholds. From April 2026, landlords with qualifying income above £50,000 must maintain digital records and submit quarterly updates to HMRC. The threshold is scheduled to reduce further in April 2027.

HMRC-compatible software linked with bank accounts and organised by property can make managing income and expenditure more efficient. While digital systems may be a legal requirement for some landlords, they are also a useful operational tool for keeping accurate portfolio records.

An EPC improvement plan
Energy efficiency continues to become a more important consideration for rental properties. All privately rented properties in England are expected to meet a minimum EPC Band C standard by October 2030, meaning landlords should understand where their properties currently sit and what improvements may be required.

Creating a portfolio-wide improvement plan allows landlords to identify properties that may need work, estimate potential costs and consider available funding schemes where eligible. Planning improvements early can provide more flexibility than responding close to a deadline.

Tenant referencing and insurance
Tenant selection remains one of the most important parts of successful property management. Zoopla's June 2026 Rental Market Report shows that demand remains active, with enquiries per available rental property above pre-pandemic levels despite being lower than the peak seen in 2022.

Consistent referencing procedures, including credit checks, employment verification and previous landlord references, help landlords make informed decisions and reduce the risk of future arrears or property issues. Applying the same process to every applicant also helps ensure a fair and consistent approach.

PRS Database preparation
The Private Rented Sector Database is being introduced regionally from late 2026. Landlords should prepare by ensuring their property records are accurate, compliance documents are up to date and required registration steps can be completed when applicable.

Having organised records and a clear understanding of your portfolio requirements will make adapting to new obligations much simpler.

Talk to our lettings team about managing your portfolio



Rental demand: Why it remains strong

The UK rental market in 2026 looks noticeably different from the exceptional conditions seen during 2022 and 2023. Supply has increased, competition between tenants has eased, and landlords are operating in a more balanced environment.

However, the underlying reasons supporting rental demand remain firmly in place. Understanding why the market has moderated, and why demand remains structurally strong, helps landlords make better decisions about pricing, presentation, and long-term strategy.

Why demand eased in 2024 and 2025
The reduction in tenant competition has been driven by two main factors. The first was a slowdown in migration levels after the significant increases seen between 2022 and 2024, which reduced one of the strongest sources of additional rental demand.

The second factor was improving affordability for some first-time buyers as mortgage conditions became more accessible. Some longer-term renters who had been waiting for the right opportunity were able to make the move into homeownership, reducing demand slightly in certain parts of the market.

Why demand remains structurally supported
Despite the easing of competition, the fundamental imbalance between rental supply and demand remains. The shortage of available homes has not been resolved, and new housing delivery continues to fall short of the number of homes required to meet household growth.

Millions of households continue to rent privately, and many potential buyers remain in the rental sector for longer due to deposit requirements, affordability challenges, and wider economic pressures.

The result is a rental market with continued underlying demand, even though tenants now have more choice than they did during the most competitive years.

What the easing demand means for landlords in practice
The market has moved from extreme competition to a more considered environment. Landlords who previously received multiple applications within hours of listing may now need to focus more carefully on preparation, pricing, and property presentation.

Accurate rental pricing is one of the biggest factors separating properties that let quickly from those that remain available. Homes positioned in line with comparable local rents continue to attract interest, while properties priced above the market often require adjustments.

The demand remains available, but tenants are making more selective decisions.

The medium-term forecast
Rental growth is expected to continue, with stronger performance often seen in more affordable markets where rents have more room to increase.

For landlords offering well-maintained properties in strong locations and pricing them accurately, the long-term outlook remains positive. The market has become more balanced, but the structural factors supporting rental demand remain firmly established.

Talk to our lettings team about maximising your rental returns



Marketing your property: What works

The decision to list a property is only the beginning of the selling process. With more homes competing for buyers' attention than in recent years, effective marketing can make the difference between a quick sale and a property that lingers on the market.

Understanding what genuinely works—and where your efforts are best directed—helps attract more enquiries, generate stronger offers and achieve the best possible outcome.

Your listing is your most valuable marketing tool
The vast majority of buyers begin their property search online. Before they arrange a viewing, they judge a property by its photographs, description, asking price and floor plan.

A high-quality listing encourages buyers to stop scrolling and find out more. Professional photography, a well-written description and a clear floor plan all work together to create a strong first impression and increase viewing enquiries.

Preparing your home before photography also matters. Clean, clutter-free rooms, plenty of natural light and tidy outdoor spaces help buyers picture themselves living in the property.

Pricing is part of your marketing strategy
The asking price doesn't just determine value—it determines visibility. Buyers search within specific price brackets, so pricing accurately ensures your property appears in front of the right audience.

Homes priced realistically from the outset typically generate more enquiries, more viewings and greater competition between buyers. Overpricing can reduce visibility, extend time on the market and often result in later price reductions.

Make the most of the launch period
The first few weeks after a property goes live are usually when buyer interest is strongest. New listings are highlighted on the major property portals, email alerts are sent to registered buyers and estate agents contact suitable applicants from their databases.

Having everything ready before launch—including professional photographs, accurate pricing and flexible viewing availability—helps maximise this important window of opportunity.

Communication keeps momentum going
Marketing doesn't stop once the listing is live. Regular feedback from viewings provides valuable insight into how buyers are responding to the property.

Monitoring enquiry levels, viewing numbers and buyer comments allows sellers to make informed decisions if adjustments to pricing or presentation become necessary.

The value of local expertise
Online portals reach a wide audience, but experienced local estate agents often have an additional advantage through their database of qualified buyers.

Introducing your property directly to motivated applicants before or alongside the online launch can generate early interest and, in some cases, secure offers before wider marketing has gained momentum.

Ready to market your home effectively? Talk to our team today.