For some of us, home is not the same without them. For landlords, they can become a worry particularly when it comes to damage. Whichever side of the fence you stand on, the law will change soon. And this comes as a welcome relief for those tenants struggling to find affordable accommodation. As things stand currently, there is a blanket ban on pets in residential properties. That means landlords can refuse pets without justification.

Renter's Reform Bill
On the cards since 2019 and soon to become law, the Renters Reform Bill aims to improve conditions and rights for millions of renters in the UK, including pets!

The Dogs and Domestic Animals Act proposes

• Blanket bans on pets living with tenants are to be outlawed.
• Certification of the person responsible for the pet.
• Dogs must be microchipped and vaccinated.
• Dogs must also respond to commands.

Landlords can refuse your pet if:

• You don’t have a vet’s certificate for your pet.
• You are unable to take care of your pet.
• The welfare of the animal is threatened by keeping it on the property.
• If your animal is a nuisance or causes danger to others.
• Your landlord holds a certificate of exemption.

Lack of clarity!
There are still a lot of unknowns and things to work out, for example, on issues such as: Will this apply to all pets? Will the tenant be obliged to get pet insurance? The general process if a landlord refuses to accommodate your pet and a formal process of appeal.

When does this come into effect?
The house of parliament has been deliberating over this bill since 2019, delayed somewhat thanks to COVID. The bill is now becoming law. The exact date has not been released yet, but it’s expected to be later in 2023.

Your pet
Sadly, many pets have been given away or taken into care due to tenants being unable to take care of them. Finding affordable, pet-friendly places to live is a challenge.

Tenants
Many tenants will be thrilled to hear this news. The emotional impact of being forced to give away your best friend is truly devastating. Many landlords are pet owners themselves, so the better-behaved your pet, the better! And pet insurance will show your potential landlord that you are a responsible pet owner with a low damage risk.

Landlords
This bill protects landlords while protecting the rights of your tenants. If you are a landlord, it’s only right that you want to protect your investment. The last thing you want is your tenant’s furry friend ruining your renovated flat! Like many reforms, these changes will help you enforce some ground rules where before there were none.

A happy beginning for all!
With this legislation in place, the landlord-tenant-pet relationship will improve life and conditions for all, allowing everyone to live happily ever after!

Looking for a great place to rent? Are you seeking a buy-to-let investment? Browse our available properties.

 

This month sees the return of National Tea Day. But perhaps the time for taking a break is over. With so many people looking for homes to rent, maybe it’s time to take a fresh look at the spring rental market. You could improve the climate for tenants while making a few wise investments!

Rents are spiralling with soaring demand
According to figures released in December 2022, the number of homes available for rent is 40% lower than average. This is while the properties available for rent have reduced dramatically to 38% and demand is 46% higher.*

Some landlords are sitting on the fence
With so many changes to interest rates in the latter stages of last year, many landlords have hesitated before expanding their property plans. This is creating more opportunity to step forward on the buy-to-let ladder. As others wait to see what happens, you could make an early start on expanding your portfolio.

More properties are entering the market at the right price
Spring always brings a fresh influx of properties to the market as homebuyers and sellers get on the move. So, this is a good time to find a home that may make a great buy-to-let investment and with a little more room for negotiation.

Renters Reform Bill
The renters reform bill is due to kick in at the end of the year. While it aims to improve rights for tenants, it offers a framework for landlords to address issues arising with tenants. So, in many ways, it’s a good thing and not to be feared by landlords.

New opportunities
With some landlords retiring, even fewer properties for rent become available. This means there is more scope for new investors to put their stamp on the buy-to-let market.

Buy-to-let mortgage deals are recovering!
More choices of buy-to-let mortgages are returning to the market, with some 2400 deals available.* This is a sure sign that the market is stable and strong with good levels of confidence, creating the perfect environment for long-term investment.

Tenants are renting for longer
It’s harder for many to get on the property ladder; people are choosing to rent over buy, deciding to invest in lifestyle instead of bricks and mortar.

The demographics are changing
The trend a few years ago was typically that younger people rented before they bought their first home. This has since changed, as we are now seeing more older tenants choose to rent. As a landlord, you are no longer pitching to a younger audience, creating yet more market sector opportunities.

Many renters are looking for bills included
According to Rightmove, tenants are searching for bills included in their search more than ever, and it is the most searched for term in their property portal.**

Conclusion
This is an exciting time to be a property investor. It’s time to move on from the days of making vast profits exceedingly quickly, as has occurred in the past few years. What replaces this is a more stable, lucrative market with better long-term prospects than ever before.

A better tenant-landlord relationship that is more clearly defined. And with a little more scope for finding a bargain, now is the time to get off the fence!

Go ahead – you deserve a break!

Browse these great rental properties to enjoy with your tea! Then get in touch to see how we can help you on your journey today.

 

Zoopla*
Rightmove**

 

April is so much more than just a pretty month to go house hunting. International Pillow Fight Day takes place at this time of year, but wouldn’t you rather wake up in the home of your dreams?

Create a wish list
If you are going to do it, you might as well do it properly. Buying a home is a big decision, and buying your dream home is perhaps a once-in-a-lifetime event. Don’t be afraid to make a list of all that you want in your ideal home, as it's going to take careful planning. The details are important, so break it down into sections, from the kitchen to the sunset. You may find your home is not complete. But as long as you can create your vision at some point in the future, then you are on the right track.

The houses
The UK property market offers a rich and diverse selection of homes to inspire you. From Tudor cottages and Victorian townhouses to modern, eco-friendly, state-of-the-art green homes. Maybe you are looking for a project and want to transform classical architecture into something extraordinarily modern. It’s important to keep an open mind, as the possibilities are endless. Whether your dream is compact living in a modern flat or modern living in a suburban setting, property dreams come in all shapes and sizes.

The market
This time of year is ideal for searching for your dream home. More houses appear on the market, bringing more choice, and the property market becomes a hive of activity as home movers enjoy the perfect selling and buying climate.

In April to January 2022-2023, UK residential transactions stood at 1,029,580; in 2017 to 2018 for the same period, they were strong at 1,015,570; and in 2015 to 2016, they were 1,042,200. * These figures suggest that the housing market remains strong, healthy, and, above all else, consistent.

Enjoy the viewings
Entering your dream home will probably make a good first impression. It may take you a little bit of searching to find what you are looking for. So don’t be afraid to get out there and explore. This will give you plenty of ideas and help you discover what you are looking for.

Discover your style
Consider what interior spaces and designs make you most happy. Are you a traditionalist? Do you have a passion for wood? Or are you a minimalist who pays respect to classical features? Do you want to create a multiplicity of styles?

Consider your needs
It might be your dream home, but you still might want to consider practical elements. Think about all the members of your family, the local community, your long-term plans and goals, and your vision of a lifestyle.

Think big and be brave!
Don’t be afraid to let your imagination run wild. Stick to your vision while keeping an open mind. There are many ways to create your ideal home over time. Sometimes these challenges will inspire a solution that turns out better than your original vision and you create a home that surpasses your dreams.

Finally
You can sleep in the home of your dreams after all the big decisions have been made, and now all you have to do is live the dream.

Wake up in your dream home and live the property dream this year!

Start the search now by browsing the available properties we have on our website.

 

GOV.UK*

 

There is no doubt that we live in a wonderful age where pretty much everything we want is at our fingertips, and there is nothing you can’t get delivered to your front door. You can spend night after night scrolling through Rightmove and Zoopla searching for your dream home, and while it’s possible to buy a home completely online, just because you can does not mean you should.

Virtual viewings are an awesome introduction to a property. If you already know the area and you are simply looking for a great flat to let, then perhaps you will never need to carry out a physical viewing. They are a great way to dream and check out all the homes you know you can't afford to buy!

But there is no substitute for the sensory adventure that begins as soon as you see the home you want. It’s the difference between dreams and reality.

Sensory Experience
Yes, buying a new home is a big decision, but it is also an exciting and adventurous feast for all your senses. Entering a property that feels like home is a unique and amazing feeling to savour. There is no substitute for the tactile world of wood and stone and the visual feast that will greet you and witness some of your most precious memories. The scents of the garden, the vision of your new life, the plans for decoration—that special feeling you get that you can't explain yet for some reason you know it’s home.

Valuable experience
Let’s not overlook the obvious. Agents sell homes for a living and are a great ally. Drawing on years of experience to guide you and point out things you may not notice after having absorbed your requirements and desires. It’s a comforting feeling knowing you have an expert on your team.

Do you really want to deal with buyers directly?
Your time is precious, and agents can liaise with buyers for you. It’s also a good thing to have an experienced person dealing with offers from buyers who may make a few cheeky offers!

Checking out the neighbourhood
It’s important to get to know the neighbourhood and surrounding areas. You want to make the right decision and enjoy the peace of mind and fulfilment that come with loving where you live.

Test your agent
A face-to-face viewing or valuation with your agent not only gives you the chance to test out how you feel about certain properties but also to get a thorough valuation. It’s a chance to see your agent in action and become inspired, informed, and gain from their knowledge. A good agent will get on board with your vision for moving and help you achieve your property goals.

Expertise and another pair of eyes
A good estate agent will not try to force a sale during a viewing. After all, it’s your decision.

Simply having another pair of eyes and another perspective and answering all your questions face-to-face while you can walk through the property is more convenient. This will guide you towards making the decision that makes you happy.

Local market knowledge
Your estate agent will have lots of local market knowledge and may already have moved people in and out of your new neighbourhood. So take advantage of this and use it to take the stress out of your decision.

Browse our available properties and allow us to help all your property dreams come true.

Situated on the lower side of Magdalen Avenue, a no-through road, the property is conveniently located...

This generously sized, and beautifully presented, Edwardian end of terrace home is set over three floors...

 

Summer is nearly here, and the opportunities to expand your property portfolio or take your first steps on the buy-to-let ladder are vast. So take a glance at some of the following great reasons why now is the time to make a great investment.

Demand is soaring
The demand for rented property is huge and continues to grow, with demand spiking by 250% above the five-year average per available rental home last year.* It’s old news and new news! The demand for rented property is huge. With people taking longer to get on the property ladder. Long-term demand due to the shortage of rental property will remain strong for a long time.

Rents are increasing
Your investment is secure. Rents have increased by 20% in the past three years, increasing by 11.1% in the past twelve months to March 2023.* The buy-to-let industry can be very lucrative, and with higher demand, higher rent revenues can be achieved. This allows you to invest in your property and meet legislative changes when it comes to making homes greener.

Buy-to-let mortgage choice is increasing
Expanding your portfolio can be easily financed. There are over 2,400 different mortgage deals available if you are buying a property to let!* So you have lots of options. There is talk of interest rates coming down, and while they are currently higher than they have been for the past few years, slowly but surely they are falling, which means you can expand using equity in your existing property to buy.

A bigger choice of properties
With some landlords retiring, there is a large choice of ready-to-let rental properties coming to the market. The standard of homes has generally risen, with many sprouting up for sale at this busy time of year. Many people put off moving in the latter part of 2022 and, during the pandemic, spent a lot of time and money getting their homes in tip-top shape. This means there have never been so many great houses on the market that are ideal for the rental market.

Greener, more energy-efficient compact homes
Renters are now more concerned about their monthly energy bills, and if your rental property is energy efficient, it will enjoy even more demand compared with less energy-efficient properties. Getting ahead of the legislation and creating greener homes is really just stepping into the future. So making your home more energy-efficient today will save you money tomorrow.

The age range of renters is changing
The population in the UK is ageing, and unlike the past, older people are renting now as much as younger people starting out on their property journey. This is yet another great opportunity to meet the demand for a niche in the market by targeting this sector.

Holiday lets
With so many tourists now travelling to the UK and so many people choosing to holiday at home, there is always great demand for holiday homes. And the good news is that you can charge a very healthy sum, which makes for a great investment.

Student sector
With more overseas students needing a place to rent, demand here has accelerated rapidly in recent years. This creates yet another opportunity among many to expand and launch your buy-to-let portfolio.

The property buying market
Homes are selling well right now, particularly smaller homes, but if you want to buy a bigger home in the current market conditions, you will have more scope to negotiate when making an offer. Larger properties are full of potential to earn great levels of rent revenue or could be developed into flats or smaller properties, increasing your rent revenue streams.

Get in touch to see how we can help create a property investment portfolio for a great return on investment.

Zoopla*

 

Summer is not all about the garden, although for most homeowners in the UK, it’s hugely important. The garden is as important – and for many, more important – than any room in the house. Outdoor living spaces are right up there in the ranks of what makes an amazing home. A good outdoor living area can add £10,000 to the value of your home.* The trick is to seamlessly blend the outdoors with the indoors. In many ways, it’s like adding another room to your home, and you have real freedom to create something special that adds to the quality of life in your home. Increasing feelings of wellbeing and providing an ideal place to relax, outdoor living spaces are what you make of them.

Design your outdoor living area your own way
There are no rules when it comes to creating your perfect outdoor living space. But there is one principle you should follow, no matter what your property plans are. Create it your own way. And today you are spoiled for choice. From outdoor heaters, pizza ovens, beautiful fire pits, decking, aluminium structures, and outdoor tiles to traditional paved-style patios and stones and gravel seating areas. That’s just for starters; you also have the little details that, once you have decided on the fundamentals, will embellish and elevate your newfound space. From candles to lighting – the planted kind, post lights, and lanterns—mirrors, garden sculpture, hammocks, outdoor stoves, and more.

Think outside the box
Are you a film buff? Buy a projector and set it up on a whitewashed wall! Perhaps you are more sporting and love the idea of watching the footy or the F1 on an outdoor screen. Invite your friends over and make a night of it. Everyone has their own unique tastes, and maybe you would rather grow flowers or grapes on a veranda.

Don’t worry about adding value
It’s so easy to become obsessed with the value of your property. Don’t think about this too much; if you create an outdoor space with an air of quality, then this will take care of itself. It’s also important not to overspend. If you are creating a path to the garden from the decking and you are on a budget, use stones; they are cheaper and require less labour.

You can have more than one!
Who’s to say you can’t have more than one outdoor living space? Build decking and a patio near the rear of your home, with a path leading to tables and chairs and a stove for the winter at the bottom of the garden. Then you have a place to soak up the sun and another to hide from the rain. Add heaters, and you can have an outdoor work-from-home space!

Hire the right help and build it to last
Maybe you can do some of the work yourself; perhaps you need to hire help for it all. Whichever approach you take, build your outdoor space to last. It will help when it comes to retaining the added value of your home. And it will look good and be a nicer place to enjoy. So if you lay decking and install trellises, treat them so they look good for years. Fusing your garden with outdoor spaces is easy, but remember that your garden will have to be maintained, so plan its design with maintenance in mind.

Leave a little scope for new ideas!
Perhaps this will become a long-term project, so do it in stages. There is always a new trend and new ideas, and leaving a little space to perfect, improve, or build on what you have leaves a little potential for buyers to add their own mark.

Browse our properties to find a home with your perfect outdoor living space, and you could be moved in time for summer.

Eliteoutdoorliving*

 

In essence, a fully managed letting service simplifies your life as a landlord. Simply buy a property, then let your letting agent take care of everything else while you take a step back, enjoy your life, and get a good return on your property investment! Like so much in life, there is more to being a landlord than meets the eye.

So what does a fully managed letting service provide?
Making sure your property is fully compliant with legislation is in itself a huge benefit of a managed service. It’s imperative to get this right; otherwise, you could face fines. This will save you from constantly keeping an eye on the latest legislative changes along with finding tenants and other potentially stressful work that goes into being a landlord.

Advertising your property
This is important if you want the best possible rental income for your property. Getting the right advice will get your property in tip-top shape and looking its best with an established agent who will most likely have tenants ready and waiting.

Taking care of tenant viewings
Once your property is ready to be viewed, the last thing you want to do is spend your valuable time arranging viewings and showing potential tenants your property.

Finding your tenants and getting references
With the chronic shortage of rental properties on the market, there will be plenty of tenants who want to rent your property. You want to protect your investment, and you will need references—yet another layer of paperwork removed from your busy life.

Organising inventory
No doubt, even if you let your property as unfurnished, you will need an inventory of all items in the property that belong to it, and as such, you do not want them to go missing or get damaged.

The preparation of tenancy agreements and documents
You will need a good contract spelling out the terms of your rental agreement. This protects you and your tenant and is essential to avoiding disputes. It should include details such as the term of the contract, your name as the landlord, whether the rent includes bills or council tax, and more, and should be signed by you as the landlord and your tenants.

The registration of your tenant’s deposit
It’s a legal requirement to deposit your tenant's deposit in a government scheme within thirty days of receiving it.

Rent collection
This is important because, when all is said and done, you are letting your property to receive rent, and having a reliable collection service offers great peace of mind.

Property inspections
If you have good tenants, then this is not always essential, and you must give them twenty-four hours' notice before inspecting the property. Doing this yourself can be time-consuming and a little awkward.

Maintenance
This can be both time-consuming and costly. Sometimes just finding the right help to carry out repairs and maintenance and having the resources at your fingertips that a managed letting service provides can prevent simple issues from becoming expensive repairs.

Arranging notice and finding new tenants
The time will come when your tenants may want to move on. You don’t want your property sitting around gathering dust; you want tenants back in as soon as possible. Plus, there is the planning and paperwork involved in arranging a notice period.

Disputes and final inspections
This can get complicated, and having all the necessary steps in place prevents unwarranted disputes from occurring in the first place. And if they do occur, having an expert involved will stand you in good stead.

Get in touch today to see how we can manage all aspects of your buy-to-let property, so you can make the most of your property investment.

 

Buying a new build is becoming more appealing for many home buyers. While you may prefer the charm and character of older properties, many new builds seem to offer much more personality than in past years. Making your decision is not quite as straight-forward as it once was! There are many good reasons for choosing a new build home, so what are they?

Guarantees
Most new builds are sold with warranties of up to ten years. This protects you against any nasty surprises and unexpected costs. You certainly will not have to worry about plumbing or rewiring issues. Not to mention the stairs or reskimming walls compared with redecorating an older property.

Lower maintenance costs
Even after a few years of living in your new home, chances are you will not have anything to repair or maintain. Insulation, upgrading the boiler, even if you are contemplating fitting solar panels, you might find that these could be fitted before you move in. In the garden, you will only ever need to add to what is most likely quite basic; compare this to landscaping or the removal of an old patio or decking, and already you have saved significantly in costs.

Design it to your specifications
Often, new build homes are not built before you move in! This means you can decide on things like kitchen design, tiling and colour schemes for the bathroom, and the locations of sockets. You will most likely get options for landscaping the garden too.

Energy efficiency
Most new builds have good EPC (Energy Performance Certificate) ratings of A and B, making your monthly energy bills cheaper than those of some older homes, which achieve less energy efficiency. That’s not to say you can’t find an older home with a good rating, and energy consumption will also depend heavily on the energy ratings of your appliances.

The appeal of a brand-new home
A bit like buying a new car, for some people, owning a home that nobody else has lived in is an appealing prospect. You will be the first to enjoy everything that is brand new, from floor to ceiling, not to mention the new kitchen and bathroom. This will make it feel a bit more exclusive, but on the other hand, often new builds are part of larger developments and are quite similar even if created to your own specifications.

No chain
Another big advantage of buying a new build is that it's chain-free. That means you could spend less time waiting to move in, provided you have the financing in place. That said, there is no guarantee that this will be a faster process. It largely depends on how quickly your new home is built. And that depends on how soon you purchase it!

With no resident seller, rely on your agent
A good move to make for added peace of mind is to buy through a trusted agent. The home-moving process can be stressful, and with no resident seller, you want to rely on an established and experienced team you can trust.

Are you thinking more and more about buying a new build? Get in touch to see how we can help.

 

Perhaps you need more space for your dogs, horses, or hobbies, and you want a house in the country. It could be that you are moving to the suburbs or need more space for your growing family. Whatever your reasons for buying a bigger property, now could be a good time to take the plunge so you can upgrade your home and enhance the quality of your life.

You could get more house for the same money
If you decide to move from an urban area to a more rural location, then you may be able to get the house you have always wanted for the same price as your current home. At the very least, your money should go further.

You could get a bigger discount
Demand for bigger homes in May was 1% lower than it was in 2019, compared with first-time buyer homes at 6%, and homes that fall between these sectors at 3% above 2019 levels.* Larger homes have always had greater scope for bigger discounts on asking prices. But right now, with the market favouring smaller homes and larger homes selling a little more slowly, you may have quite a lot more haggling power when it’s time for you and your agent to make an offer below the asking price.

Larger homes can be very energy efficient
Modern homes have become so much more energy efficient. With better insulation and the potential to create self-sufficient energy sources, you no longer have to dread monthly bills. So, running a bigger home is not as expensive as in years past.

Bigger rooms and more of them
You will have more space for friends and family to stay over. You could get a lodger to provide another stream of income or if you need extra space for new additions to the family. Maybe you want a gym or a hobby room or are looking to create the perfect work-from-home space with an awesome view.

A beautiful garden with more potential
Finally, you can have the garden you have always wanted, and this is where your only limitation will be your imagination. Inspiration is everywhere, and there is so much more you can do with more space. From creating great outdoor spaces and dining areas to tropical gardens.

Larger entertaining spaces
When it comes to those special times of the year—indoor and outdoor parties—the options larger homes offer are endless. You may want to create a games room, a bar, or an awesome indoor entertaining area that effortlessly flows to a magical outdoor area.

The garage or workshop
If working from home involves more than a computer screen and a phone and you need a workshop or a garage for your classic car or hobbies, then your budget could allow you to enjoy more scope for outdoor buildings.

Create multiple dwelling places
Bigger properties can easily be divided up into smaller properties. Whether you are creating a space for a teenager or an elderly relative. Perhaps you are interested in letting a room or creating flats for a buy-to-let business.

 

Browse our properties to find the home that fits your requirements perfectly.

Rightmove*

 

Making decisions can be difficult at the best of times. Buying a home is a big decision, so you can’t be blamed for becoming a little pensive or perhaps even anxious about making your move. Deciding whether you are going to move now or wait and see what happens is a dichotomy for some buyers. As soon as you turn on the news, you will no doubt be bombarded with the cost-of-living crisis, another interest rate rise, or another reason to worry. It’s little wonder some people decide to sit on the fence. But could doing that cost you more money?

Waiting for interest rates to fall may not save you money
There is little doubt that we have been spoiled in the past with ultra-low mortgage interest rates, and many analysts argue that they will never fall to this low level again. Inflation is falling, which will lead to a reduction in interest rates in the near future as the Bank of England expects inflation to fall to 5% by the end of this year.* In the meantime, as interest rates increase by small amounts, if you are not on a fixed-interest deal, your mortgage will increase. But while these small increases may feel unfair and, for some people, mean squeezing their budget, they could be insignificant in the face of rising house prices. Interest rates are also peaking, which means in the not-too-distant future they will come down.

Rising house prices balances your budget in the long run
Most people who buy a home in the UK will keep it for many years. House prices may fluctuate just as interest rates do. Despite the numerous recent rises in interest rates, average asking prices in May this year increased by 1.8%.** Interest rates are peaking, which means they will shortly begin to decrease. As interest rates and inflation continue to fall, house prices will ascend again. So, if you are waiting to see what happens, you run the risk of paying more for the home you want in the future. In February 2013, the average UK house price was £167,682 in February 2023, that figure stood at £288,000. *** Set against this longer-term perspective, if there are sudden and significant changes in the market, the reality for most homeowners is that their properties' value in the long run will cover the cost of these short-term increases in interest rates.

Properties are unique
There are no hard-and-fast rules. Local property markets are layered with unique and differing qualities. Whatever the national economic conditions are, the potential to gain equity in a home due to its condition, location, or potential can secure your investment in the face of challenging times. The possibilities are endless, and there is always room to buck the trend in a big way. The only limit is your imagination.

Mortgages
There is a huge choice of mortgages available on the market. Knowing that you can change your deal or re-mortgage when interest rates fall again has made some buyers think outside the box. Options such as porting, 35-year mortgage deals, green mortgages, 100% mortgages, and interest-only mortgage deals could decrease your monthly outgoings - if that is a factor when it comes to buying the home you want now. In the grand scheme of owning your home, high interest rate costs will essentially evaporate over time.

 

Are you fed up with waiting to make your big move? Browse our properties today.

 

Bank of England*
Rightmove**
Office for National Statistics***

 

If you are a landlord and are frustrated by the continuous rise in interest rates when all you want to do is start or expand your property portfolio, taking out an interest-only mortgage could be the answer. Many seasoned landlords choose this option when investing in property, even during the good times when mortgage interest rates were ultra-low.

Demand is incredibly strong
A survey conducted by paragon of 700 buy-to-let landlords found that 67% reported tenant demand over the first three months of 2023, up from 65% for quarter four of 2022.* Rents are increasing all the time, and one of the main reasons for this is rising interest rates. As a landlord, this will most likely be your biggest expense.

What is an interest-only mortgage?
Just as the title suggests, you only pay the interest and not the capital on an interest-only mortgage. At the end of the agreed-upon term, you must pay off the entire balance owed. Because you are only paying interest, your payments will be much cheaper compared with a capital repayment mortgage. Some landlords choose to sell their property to repay the outstanding balance.

So why choose an interest-only mortgage?

• Increased profit: if your payments are lower, there is far greater scope to make a profit from your buy-to-let business. This also gives you stability and lowers the price of your overheads, which could be less than half of that when repaying a capital and interest mortgage.
• Overpaying: while it’s possible to make overpayments on an interest-only mortgage, this will typically only reduce the amount of interest outstanding on the mortgage. If you choose to do this, your profit will increase further, giving you more options to expand your portfolio.
• Your property’s value: in the long term, property increases in value. It’s not an absolute guarantee, but if you look into the past, despite short-term rises and falls, property values have significantly increased. This is not expected to change in the future. Therefore, it is reasonable to assume that at the end of the term of your mortgage (or if you sell up half or part way through your investment), there will be a profit between the capital outstanding balance on the amount you owe your lender and the selling price of your property.
• You can develop and improve the property: with more profit to plough back into your property, you can develop it. This will add to its value, ultimately increasing how much rent you can charge. And when it’s time to sell up and move on to bigger and better things, you will achieve a greater return on investment. The greener you make your property, the more rent it could fetch while future-proofing your investment.
• Security: preparing for the unexpected is a sure way to protect your investment. And by choosing an interest-only mortgage with fewer outgoings, you are already in a better position should the unexpected occur.
• You can always change mortgages in the future: as you become more seasoned as a landlord, you may devise a strategy so that you own your buy-to-let property outright. There is nothing stopping you from changing your mortgage type after a few years. And in the meantime, use the profit you make with an interest-only mortgage to use as a deposit, reducing the cost of a capital and interest mortgage.

Browse our properties and create the buy-to-let portfolio you have always wanted.

Paragon*

 

With fantastic views, minimal effort, and trendy, modern, and classical designs, apartments and flats are as appealing as ever when it comes to buying a place to live. So, it’s little wonder urban areas and remote locations are seeing healthy levels of interest in this convenient way of living.

Demand for one- and two-bedroom flats across the UK increased from 22% to 27% in the year to February 2023, while one- and two-bedroom flats for the same period in London accounted for 49% of demand.* There are a number of reasons for this. Easy living
If you don’t want to be weighed down by a big mortgage or large monthly bills, flats are the way forward. Often located near good transport links, shops, and amenities, adding to a potentially great social life with bars, pubs, and other apartment owners on your doorstep, life can be easier and potentially more fun than living in other forms of property.

Low maintenance
It’s most likely you will not have a garden to worry about, and if you do, it could be maintained for you. Alternatively, you may enjoy a balcony as an outdoor space, in which case you can enjoy the novelty of good views and a different perspective on things. It’s easier to keep on top of cleaning with little or no maintenance involved.

Cost of living
As interest rates rise and the cost of energy soars, although right now some of these expenses are at last reducing, simply heating a flat often costs much less than even a modest terraced house. Decorating and revamping an apartment is most likely to be more affordable.

First steps and more
Typically the domain of first-time buyers or perhaps individuals who have chosen to retire, apartments are becoming increasingly popular with a broader demographic as they improve in size, quality, and location.

A great investment
The demand for flats and apartments is always high. If one day you wake up and decide you want to rent it out, you are guaranteed to get a good income without facing costly maintenance bills. And because of this rental and buyer demand for properties of this type represent a stable investment.

Energy-efficiency
Consuming less energy for heating and lighting thanks to good insulation and proximity to other buildings makes flats more energy efficient. And if they need updating to improve this, then those costs are also significantly less than for larger properties.

Downsizing
Many people are downsizing. Perhaps the family has flocked the nest. An increasing number of people choose to live life as an experience, want to spend more time and money travelling, have hobbies or work in many locations throughout the world, and don’t want to be tied down.

Outlook for the future
The UK property market is proving resilient and offers a huge diversity of architecture and property options for you to choose from and enjoy. Whether you buy a flat as a buy-to-let, as a private dwelling, or both. Demand is expected to grow solidly well into the future.

 

Looking for a house or an apartment? Browse our properties to find the one you want to buy.

 

Zoopla*

 

Today, estate agents offer the best of both worlds with an online presence. This allows you to view properties and seek information on all aspects of moving. You then get the advantage of a team of experienced and dedicated agents who share your property dreams, become your go-to guides for your moving journey, and will value your home in person. Online-only estate agents have made their presence felt, but it seems most home movers still prefer a traditional agent that offers a hybrid service.

Payment in advance
Online estate agencies ask for payment in advance. There is no guarantee that you will make a successful sale. Traditional agents typically take a commission on sales completion, and naturally, this feels like a better deal. Some might argue that an online estate agent could be potentially cheaper, but if you do not achieve the true value of your property, then you have not saved money. Without expert guidance, an incorrectly priced home may not sell at all.

Less time
Conducting your own viewings is time-consuming. We all live busy lives, and there is precious little time to wait around for a potential buyer. Dealing with offers well below the asking price from strangers in the home where you've made so many happy memories can be uncomfortable . With a trained expert taking care of all of this for you, you are free to get on with your work or enjoy life as you see fit.

It’s hard work
From taking your own pictures of your property to learning aspects of the complexities of your entire moving process, life without an in-person agent can become difficult. It’s no secret that moving is stressful at the best of times. This is one of many reasons why the vast majority of homeowners still choose to buy their properties with a traditional agent. It’s better to save your energy for moving day and fully focus on the home you want to buy.

You may miss your friendly expert
Communication is key to achieving success in most aspects of life, and moving home is no exception. A friendly-faced, helpful agent who can take care of viewings, prepare your home for sale, and liaise with buyers on a daily basis will be highly motivated to sell your home and is worth every penny of their commission. When you consider the necessary checks, paperwork, and legislative requirements, it soon becomes clear that agents are invaluable to home movers.

A lack of local market knowledge
Agents are well-connected into your local property market. Having expert knowledge of the properties in your area and familiarity with its location is a huge plus. With an online agent, you're on your own. Buying a home is as much about people as it is about property. From buyers and sellers to teams of people such as mortgage advisers to your friendly agent who can manage a property portfolio or value your home.

Contact us to see how we can help with every aspect of your home-moving aspirations

 

 

 

The demand for rental homes is incredibly strong, with national average asking rents outside of London reaching a new record of £1,231 per calendar month in the second quarter of 2023.* More people are renting than ever before, so your property won’t stay vacant for long when you are in between tenants. In fact, if you use a letting agent, they likely have a list of prospective tenants ready to move in. This means that if your property is in need of redecorating, you don’t have much time.

Inspect your property
Before your tenants move out, inspect your property. Document any pressing issues with notes or photographs using your phone. Planning is crucial and will save you time. Therefore, it's always advisable to have your team prepared well in advance of your tenant's move-out date. This proactive approach ensures you won't be delayed while waiting for highly sought-after tradespeople.

Choose a neutral colour palette
Opting for a neutral colour palette doesn't have to be dull. Neutral colours tend to create a sense of light and space, making it easier for your tenants to coordinate their furniture with your property. If your property is furnished, adopting the same neutral approach is advisable, as it broadens your property's appeal.

Be practical
It might be tempting to cut costs by using budget-friendly products, selecting high-quality paint and materials ensures the longevity of your hard work. Fixtures and fittings that are of good quality will make your property more appealing and increase its desirability. This helps to attract responsible tenants who are more likely to care for their home.

Functionality
Put yourself in your tenant's shoes. Consider how you can make the property more user-friendly whether it's improving storage, enhancing the kitchen or bathroom, or adding modern, energy-efficient appliances and lighting. Sometimes, small changes can make a significant impact.

Less is more
Create space with ample lighting, bright neutral colours, and minimal clutter. A good deep cleaning and fresh paint can make your property appear spacious and modern. This allows your tenants to personalise each room. Well-presented flooring, perhaps refreshed to remove imperfections, and attractive blinds all contribute to making your property a more inviting home.

Improvements
Time is of the essence, but if you choose to make improvements, they will add to the value of your property. Focus on key areas like the kitchen and bathroom, as these have the most significant impact. Whether you decide on a total refit or simply choose to paint the tiles to give them a new lease on life, it all contributes to a happy home and more content tenants.

Don’t overlook the outdoors
Outdoor areas have become increasingly important for many people. Elevating an outdoor space can significantly boost your property's demand. Painting the decking or adding a covered, all-year weather-proof seating area is like adding another room to the house. Keep the garden simple but well-maintained to make a positive first impression and enhance the property's curb appeal.

Consider a managed letting service
A fully managed letting service handles tenant placement, deposit management, references, and, after your property's redecoration, ongoing maintenance. This helps to protect your hard work and investment in both the long and short term. Being a landlord today is demanding, and it’s becoming increasingly important to follow new legislation. A managed service frees up your time and ensures your property investment remains on track.

Interested in optimising your property investment with a managed letting service? Contact us today.

Rightmove*

 

 

 

 

 

Much of September is warm and sunny, and why wouldn’t it be? It is technically summer for most of the month. However, time passes quickly, and sometimes it is good to have a plan to get your home winter-ready sooner rather than later.

Get cosy and decorate
Painting and decorating your home will not only make it more appealing to buyers but will also cheer up its mood and add light. If you have a fire or log burner, get it serviced and cleaned. Buyers can then see themselves sitting by the fire during viewings. Bring in the warmth and cosiness of winter by decorating your home with soft throws, plush rugs, and warm lighting.

Insulate your home
Draughts and poor insulation can make your home feel chilly and drive up your heating costs. Inspect your doors, windows, and any other potential areas where cold air might seep in, and apply weather stripping, caulk, or insulation as needed.. Think about adding more insulation to your attic to prevent heat from escaping through the roof.

Protect your plumbing
Frozen pipes can lead to expensive damage. Insulate exposed pipes, especially in unheated areas like the garage. It’s also important to get your boiler serviced regularly and bleed your radiators. Regular servicing and checks will be so much cheaper than expensive repairs. And a well-cared-for home that is well-heated will not encourage any winter scars, which can deter buyers.

Energy performance certificate
Having a good energy rating can add value to your home. An EPC provides an indication of how much it will cost to heat your home and how much CO2 it emits. It also gives recommendations for energy-efficient power improvements and the costs and savings that they could generate. Ratings range from A to G, with A being the most efficient home and G being the least efficient.

Create a winter outdoor space
Outdoor spaces are not only desirable, but they are essentially another room in your home. Homes with good outdoor spaces are highly sought-after. Don’t let the winter stop you; add a fire or heater. Create some shelter with your favourite materials. Add a pergola, a winter drape, or build a winter-proof deck with a roof. Then personalise it with your favourite scented candles, herbs, flowers, or winter plants.

Winter cleaning and lighting
Decluttering, cleaning, using candles, incorporating feature lighting, and checking all your bulbs, including LED lighting for better efficiency, will create a sense of space in your home. If potential buyers see that your home is clean, spacious, and attractive, they may not hesitate when it’s time to make an offer.

Do you need the right team of agents to assist you in moving before the cold snap of winter arrives?

 

 

As a landlord, you have an awesome future ahead of you, with the demand for rented accommodation growing ever stronger. But that’s no reason to rest on your laurels. The buy-to-let market is changing, and with that come new opportunities and threats. Using a letting agent to handle the entire process is a shrewd move. They will keep you on the right side of the law and help sustain your rental income while giving you more time to enjoy life. As a landlord, you will want to know how to keep your tenants happy and optimise your investment, so here are a few features many tenants are highly interested in.

Energy efficiency
Many renters have become increasingly cost-conscious, so good energy efficiency is a high priority. Modern, clean living that is kind to the environment and has cheaper energy bills with added character is a win for all concerned. Energy-efficient homes are in high demand and can often achieve a higher rental income than less energy-efficient homes. Little things like LED light bulbs and energy-efficient appliances all add to this.

A well-presented home
Good double or triple-glazed windows trap heat while stopping it from escaping. But they also look good and help to create a nice greeting upon entering the property. If a home looks good, it will feel good, and if it’s in good order, it will attract good tenants. A nicely decorated home that is not in need of repainting or regrouting is often better cared for by its tenant, so it’s in your interest to keep your property in good shape.

A good garden
Good gardens are in high demand, and gardens with good outdoor living spaces are becoming expected. Even if you are letting a smaller property with little scope for a garden, adding a nice outdoor area will increase its desirability. This means more revenue for you and an increased level of demand. This will also encourage a good landlord-tenant relationship, allowing you to benefit from the stability that comes with that.

Your property’s location
Different tenants will have different needs, and your property’s location will have many positive points about it. Whether that’s being within walking distance of a great pub, social scene, shops, or if you have a young family, a good school. Excellent transport links also play a big role. The proximity of your property to the motorway, train station, or airport is important. Whether located near the city centre or in an idyllic country setting, your property’s location is a feature of what makes it great.

Make the most of your property
Adding smart technology to the heating system or security system will make your tenants feel secure. Perhaps a well-maintained parking space makes your property a great place to live. Many tenants also appreciate good storage space, and an open-plan design can often help create space. And where you can’t do this, add some mirrors and good lighting to increase the feeling of space.

Support with convenience
A managed property service makes the entire process of renting, for landlords and tenants, a breeze. Tenants can enjoy a swift and seamless move with everything from references to deposits taken care of. Landlords have their property maintained while being connected to experts who will ensure your property is always compliant with good, reliable tenants in place.

Get in touch today for an expert rental valuation of your property.

There is an art to everything in life, and when most people rehearse something in their heads, it usually goes perfectly. Put this in the cold, hard light of day, and things can go quite differently. When it’s time to make or accept an offer, the help of a trained expert is invaluable.

Your agent has a database of buyers and sellers
Your agent does so much more than list your property on their website and a few property portals, with maybe a picture of your home in the branch window. Armed with a database of buyers and sellers and a list of contacts longer than your arms, it means that agents complimented with their ability to market your home are best placed to meet your new buyer. And because of this, they are the best people to advise you on your asking price in the first place.

Making an offer
When it’s time to make an offer, you will most likely be wearing your negotiating hat. The market today is in a good place, helped by the huge demand for homes. It’s easy to make an offer under the asking price and miss out on the home you love. But you also do not want to pay over the odds. Estate agents are well-versed in this and will guide you. It’s worth remembering that estate agents are legally required to tell you about other offers, but not each offer amount.

Accepting an offer
It’s not unusual to receive multiple offers on your property, and this is where the experience of a good agent earns their money. Not to mention that you have found yourself in this good position thanks to the agent in the first place. Your agent will guide you along the right path, prepare your home for sale, give you tips on optimising its value, and market it to the right buyers. Then you can decide whether you want to accept an offer or not.

Market knowledge
Your agent will have years of experience in marketing and selling homes in your area. The plus points of the area and of your home are all great selling points. And equally, an agent will have a thorough eye on where you may be able to negotiate. For example, if there is a patch of dampness or something that needs updating

Are you emotionally attached?
Your estate agent will advise you on all aspects of your move. This makes you feel secure and safe before you move. And the more you feel this way instead of stressed, confused, or bemused, the better your entire moving experience will be. Whether you need help finding a better mortgage deal or are unsure of any of the steps involved, from valuing your home to finding the right buyer or your next home, it’s good to have the assistance of an agent. They also remove any need for awkward moments when a buyer makes an insulting offer to your face.

Valuing your home correctly
Getting the correct valuation for your home is vital in today’s market. Get this first step right, and you are already halfway to where you want to be. It’s very easy to overprice or underprice a property. Equally, without conducting a thorough expert valuation, your home may not reach its full value potential. A good agent will not allow your home to hide its true value from you or your buyer.

 

Even with mortgage rates being a bit higher than in recent years, though not as high as years further in the past, buying your own home can often be cheaper than renting. But there are many reasons why homeownership is incredibly desirable.

A magical homely feeling
Owning your own home is a unique feeling that can’t be substituted by anything else. It starts when you get the keys and the first time you walk through the front door, and it remains with you every time you come home. It is a feeling that creates a flow of powerful emotions, such as safety, security, relaxation, happiness, and elation.

The desire for a great garden
There are many great homes to rent in the UK, and many landlords are happy for you to take care of the garden while others will maintain the grounds for you. However, if you are a passionate gardener or one of an increasing number who adores outdoor living areas, they are easier to create when you own your own home. Truly reaching your home’s potential takes a lot of investment in time and money. You want to be as free as possible to create your perfect outdoor haven without answering to anybody else.

Something to leave your loved ones
Working hard is a way of life for most people, and even if you are not married with a young family to care for, it’s nice to have something to show for all your hard work. You stand to gain from the equity you accumulate over time, even if the idea of leaving your home to loved ones or the charity of your choice does not motivate you. So, when it’s time to retire, start a business, travel the world, or invest in other properties, you accumulate the means to do so without even thinking about it.

Security
It is a reassuring feeling to know that you are in control of your destiny. You decide where you want to move, sell up, or buy a better property. And if you do have a family to care for, you are providing a place that they can call home for as long as they need it. Moving in the middle of a school year can be difficult for younger family members if your landlord decides to retire.

Monthly outgoings
Despite the recent fluctuations in interest rates, they have remained more stable in comparison to soaring rents. And with fixed-interest-rate mortgage deals for up to five years, you can plan your financial future more easily. This allows you to calculate your household budget for everything more easily, from food shopping and holidays to your savings.

Complete creative control 
Whether you want to rebuild motorbikes in your front living room, knock all the walls down to create an open-plan grand design, or add a conservatory, you can do so without seeking permission. The chances are that you will never want to do any of these things, but there is something fulfilling about knowing that you can, if you decide to do so.

Ascending the property ladder
There is typically more scope to ascend the property ladder if you own your own home. Your first home may need modernisation. This can rapidly add to your property’s value if you carry out the work yourself. Even if you don't, as long as you do not overspend, you will be in a good position to sell up and buy a better home.

Are you in the market for a better property? Contact us today.

 

There are many factors that can have an impact on the value of a property, but one that people often overlook is whether or not it is located within a school catchment area. Let’s take a look at what school catchment areas are, how they affect property value, and how you can benefit from them.

What are school catchment areas?
School catchment areas are geographical boundaries that determine which students are eligible to attend a particular school. Children who live within the catchment area of a particular school have an increased chance of being offered a place there.

How are catchment areas calculated?
The method of measuring catchment areas differs between schools, but there are four main ways in which they are calculated:

• Straight-line catchment – A child who lives within a specified distance measured in a straight line from their home to the school will be prioritised.
  
  
• Walking distance catchment – A child who lives within a specified distance measured along safe walking paths from their home to the school will be prioritised.
  
  
• Nearest school catchment – A child is prioritised at the school nearest to them in distance.
  
  
• Priority admission catchment – A child who lives in an area that is a defined neighbour of a school will be prioritised.

How do school catchment areas impact property value?
According to GOV.uk, property prices near the 10% best-performing primary schools have an 8% higher average value than homes in the surrounding area.* Homes within catchment areas of the 10% best-performing non-selective secondary schools are also priced 6.8% higher.* This is primarily due to the high demand for properties within certain school catchment areas, as families look to give their children the best education possible.

The benefits of moving to a particular school catchment area
Whether you already have a family or you are looking to start one, moving to the catchment area of your school of choice can hugely benefit your children’s education. Not only does living in your desired catchment area greatly increase the likelihood of your child being accepted into the school, but it also results in shorter commute distances, making life much more convenient for you and your family. By moving to a home near a top-quality school with a gleaming Ofsted report, you can set your children up for life with a first-class education.

How your estate agent can help ?
Once you have carefully considered which school you would like your child to attend, it is crucial to enlist the assistance of a trusted estate agent. Using their detailed knowledge of local catchment areas, they can help you find suitable properties near the school of your choice and assist you with making an offer and negotiating the price.

Your estate agent can also help you if you’re looking to move out of a school catchment area by making sure the convenient location of your property is reflected in the price you receive for your home. They will make sure to advertise the fact that your property is in a school catchment area to attract potential buyers and maximise the amount you receive for your home.

 

Contact us today for assistance moving into or out of a school catchment area

GOV.uk*

 

The housing market has once again proven resilient despite residual uncertainty as we move into 2024. According to Zoopla*, new sales agreed ran 17% higher in November than they were at the same time in 2022, while buyer demand has climbed by 19%.* .

 

Tentative signs of growth

Confidence in the market has taken a series of hits over the past couple of years, starting from November 2022 following Kwasi Kwarteng’s Autumn ‘mini-budget’ announcement.

Today’s market has recovered nicely with an increase in the number of homes available for sale – up 25% in the last year – boosting choice and supporting sales.*

Zoopla also reported a further drop in mortgage rates, with some incredibly competitive rates for borrowers with a 60% LTV*. This is set to strengthen affordability and boost buyer demand in the coming months.

With the help of a trusted letting agent’s skills and knowledge, you can diversify your portfolio and experiment with different projects to see what works best for you.

 

How to time your move

While conditions are improving, the housing market is in a constant state of fluctuation; so, timing is everything. By considering seasonal nuances, market trends, and personal schedules, you can make an informed decision for your move.

Seasonal considerations

Each season will have its renowned pros and cons for moving. There is a lot of misinformation online about seasonal market dynamics, so it’s important to speak with a local agent who can provide you with accurate and localised data to help you weigh your preferences against practical factors.

Create a timeline

Moving is a step-by-step process which takes a lot of time. You can stay organised and even speed things up by developing a detailed timeline for your move. Consider when you will start packing, which dates the kids are off school, and when to hire tradespeople. This should provide you with a clear and realistic idea of what date you can get moved in by, allowing you to plan around work and any other commitments.

Should I put my house on the market before looking?

Having your home on the market while you’re looking for your next will put you in a stronger position as a buyer. When the market is competitive, some sellers may even sell their homes first and rent for a while so that they can be chain-free buyers. Your position as a homebuyer is strengthened if your home is already under offer or sold, as this shows sellers that you’re a serious buyer who can move in quickly.

 

 

 

Is your home ready for the market? Get in touch with our expert team today to find out how we can help

 

Whether you’re an experienced landlord looking for new investment opportunities or looking to take your first steps to becoming a landlord, the market is looking promising as we settle into 2024. Let’s look at how the rental market is shaping up and how you can benefit from it as a landlord.

Rental prices are on the rise
One of the main reasons you should be feeling optimistic as a landlord is that rent prices are predicted to continue rising. According to Zoopla’s rental index, average rental prices increased by 9.7% across 2023, increasing income for landlords.* It is predicted that average rent prices will increase by a further 5% this year*, further maximising return on investment for landlords, who could use this added income to expand their portfolio or make improvements to their existing properties.

Mortgage rates have decreased
More positive news for landlords is the recent announcement that mortgage rates have decreased, making property investment more affordable. These days, it’s possible to get a 5-year fixed-rate mortgage below 4%, meaning you can obtain a better deal when investing. As banks fight for business, increasingly attractive deals are becoming available.

Better deals on buy-to-let mortgages will also appear, which will help you expand your portfolio and increase your rental income. With lower interest payments, a larger proportion of your rental income can be distributed towards property maintenance and upgrades to increase the value of your existing properties and enhance the overall profitability of your portfolio. You also have the option of refinancing your existing mortgages at the new interest rates, reducing your overall borrowing costs for the entire duration of the mortgage.

There is plenty of choice
Now is an opportune time to search for new properties to invest in, as there is currently a high volume of properties on the market. On Boxing Day 2023, over 10,000 new properties were listed on the market, which is the largest number of new listings in a single day since 2011.** With an abundance of properties to choose from, you can select those that align with your investment goals, budget, and target market.

 

This high supply of properties will allow you to diversify your portfolio and spread your investments across several types of properties. For example, you may decide to buy a larger property and convert it into a Home for Multiple Occupancy (HMO), which often produces higher rental yields than regular lettings.

How an estate agent can help you
If you’re looking for properties to invest in, an experienced estate agent will conduct a thorough market analysis to understand the trends and dynamics affecting property prices in your area. This knowledge will allow you to set the right rental price, maximising your rental income while remaining competitive in the market.

Additionally, an estate agent will identify strong investment opportunities and negotiate a competitive price for any properties you may be interested in, maximising your return on investment.

 

Now could be the perfect time to get your property on the market as 2024 kicks off with more positive news. Last year, Zoopla* reported a 17% increase in new sales agreed as buyers sought to pin down new deals at the end of 2023.*

This influx in market activity appears to be rolling over into 2024, as mortgage rates continue to improve and buyers return to the market.
For sellers, house price falls are starting to slow down. This could be due to demand picking up, as some lenders are offering some very competitive deals for new borrowers at a 60% loan to value. This is great news if you’re hoping to achieve a quick sale this year.

It also appears that sellers who have waited for a more settled market can now cash in on the price gains they have been sitting on. According to Zoopla, the average UK home is now worth 18% (or £41,000) more than it was at the start of the pandemic in March 2020. * Because of this, we can expect housing supply levels to grow over the coming months as sellers make a confident return to the market.
Selling a property in a competitive market demands a thoughtful and strategic approach. Competition can be fierce during peak market periods, so you’ll need an expert on your side to help you navigate the selling process and achieve the best possible price for your home.

Understand market trends
It’s important to stay ahead of the curve by speaking with a local agent. They can identify supply and demand dynamics in your area and use this information to help set a competitive yet realistic asking price.

Price strategically
You’ll need to find the sweet spot for your property, so make sure to book an expert valuation as this will consider recent sales in the area, your property’s location, and the overall condition of your home.

Invest in effective marketing
Selling without an agent means you won’t have the same leverage online to reach the right audience. Digital marketing is a powerful tool, so you’ll need someone with an expert hand and an established network. However, traditional methods of marketing hold just as much influence, so make sure to ask your agent about their brochures, flyers, and local advertisements.

Responsive communication
When the market is busy, you need to make yourself stand out to potential buyers. Time is of the essence, so make sure to respond promptly to all inquiries and work closely with your agent by providing them with comprehensive information on your home. It will also put you in good stead to be accommodating with viewings, as you may be able to offer a booking slot which your competitor cannot.

Negotiation strategies
It’s important to have a skilled negotiator on your side who understands your property’s true value. Let your agent know if you’re willing to be flexible, as this could be the key to a successful deal.

 

Are you ready to sell your home? Get in touch with our expert team to find out how we can help

Zoopla*