Research by retail and commercial bank, Shawbrook, suggests that three-quarters of private sector landlords have taken steps to help tenants cope, as the cost-of-living rises.

They also found that one in four landlords have frozen rental prices for the time being, while 22% have offered tenants a payment holiday.

Meanwhile, one in five landlords have lowered rents, and 19% have offered to include the cost of bills in the monthly payments.

To help combat soaring energy prices, 26% of landlords were found to be taking steps to make their properties more energy efficient, such as improving insulation, installing double glazing and investing in a new boiler.

Emma Cox, managing director of real estate finance at Shawbrook, commented: “In order to have a fair and sustainable rental market, it’s vital that landlords are open to supporting their tenants through hard times.

"Reducing rents or offering payment holidays will help tenants during the worst of the crisis and get them back on their feet.”

Why is this happening?

With inflation rising in line with the cost of energy, tenants across the UK are grappling with mounting bills that they were not initially prepared for.

The Shawbrook study found that 85% of people living in the private rented sector, had already made lifestyle changes to cope with the higher cost of living.

Many landlords will be feeling the pressures of rising inflation themselves, so they can recognise the challenges their tenants are facing.

What does this mean for landlords?

Ultimately, the decision to offer a rent freeze or payment holiday lies completely with the landlord, and will depend on their personal circumstances.

The influx of those who have chosen this route will certainly have a knock-on effect for an already dwindling supply of rental stock, as tenants who have been offered help over a challenging period aren’t likely to pack up and leave any time soon.

This is certain to ramp up demand, with a backlog of potential renters waiting for a property to become available.

The consultation also included measures to protect renters from unfair rent increases and plans to ban ‘no fault’ evictions in the Renters Reform Bill, which will be introduced during the current parliamentary session.

Are you looking for advice on letting your property? We’re here to help. Get in touch with our experts today.

As autumn leaves us and dark evenings approach, now is the best time to start preparing your home for the cold months ahead. Cold and damp weather can put a strain on our homes, so it’s important to have a few precautions in place to avoid unnecessary maintenance costs later down the line, in what is already set to be a challenging financial period.

High demand for professional tradespeople can lead to weeks of waiting to get work done, should you find your home is suffering from the onslaught of cold and wet weather conditions. So, planning ahead will help you avoid a facing winter without hot water and a leaky roof.

Boiler check

The last thing you need during the winter months when the house needs heating and waiting times for maintenance are longer than usual, is your boiler to have issues. Be proactive and get your boiler checked now, before it has to face the depths of winter.

Brick work

One issue that is often overlooked ahead of winter is inadequate brickwork pointing. This can become a major issue over time as it allows water ingress, as well as leaving your home susceptible to frost damage and damp. These issues will become far more prevalent during the winter months, as more favourable weather in the summer allows them to go unnoticed. It costs on average £50 to £60 per square metre to repoint your brick work, however the waiting times will only lengthen as the temperatures drop. Therefore, acting now before the cold and wet weather arrives will put you in good stead.

Roofing

Much like brickwork, problems with roofing tend to emerge more prevalently in cold and rainy conditions. Missing or cracked tiles are frequent problems that can lead to further issues in the home. Getting a roof inspection or necessary repairs can take as long as four weeks before the right tradesperson is available, so it’s important to take a proactive approach rather than wait for more serious damage to be done.

Water pipes

The winter months can take a toll on your water pipes, with low temperatures resulting in blocked, burst or frozen pipes. Insulting your pipes or fitting pipe jackets can be done for as little as £50, which is a huge saving compared to fixing the aftermath of a burst pipe. Any length of time without water in your home is a considerable wait, so sorting your water pipes now will save you a lot of trouble later.

Windows and doors

Minor misalignments of windows and doors may not seem like an issue, but your home could lose a considerable amount of heat, and rainwater has a better chance of entering your home. While the latter will cause damage from dampness, heating the home efficiently will become a much more pressing issue as we approach winter, and the cost of energy continues to rise. A general inspection or replacing a double-glazed window will require an upfront cost, but it will more than pay for itself due to the money saved on heating your home this winter – so long as you act now.

As we near the end of 2022, have you been thinking about selling? Book a valuation with us today.

Listed properties are the types of homes you see in movies, or on a picturesque walk in the countryside. Their impressive and grand architecture, or their adorable cottage aesthetic are what makes listed properties so desirable, which is why they need extra protection.

These homes are amongst the most sought after on the market, and they can only increase in value over time, therefore interest in listed properties is usually high. However, these buildings come with rules regulations and restrictions.

What is a listed building?

Listed buildings are protected due to their architectural or historical significance and are graded in terms of interest. There are around 400,000 listed buildings in England alone. Wales has 30,000 and Scotland boasts 47,400.

How is a listed building different?

Listed buildings are typically older properties. As mentioned above, listed buildings are protected due to historical, architectural or local importance. Because of this, there are restrictions on work and alterations that can be done to a listed property. Buyers must be explicitly aware of this before putting down an offer.

The restrictions don’t just end at alterations to the property, the owner must also maintain the cultural integrity of the property. Meaning the upkeep of the home, such as a thatched roof, repairing lime plaster or replacing sash windows. This type of maintenance can often be very costly, and will require specialist tradespeople. Because of this, it takes a specific type of buyer to be willing to commit to a listed property.

What paperwork will you need if you’re selling a listed home?

It’s a given when selling any type of home, that you will be required to complete a TA6 form as part of the conveyancing process, which is designed to provide the prospective buyer with critically important information about the home. You will also need documents which can evidence your statements made in the TA6 form.

A vital document which you will need to provide is the Listed Building Consents. This is required for all works of demolition, alteration or extension to a listed building that affects its character as a building of architectural, or historic interest.

Other required documents include:

• Any Planning Permission documents
• Building Regulations Consent if alterations have been made
• Details of any private drains including old septic tanks or cesspits
• Professional Consultant Certificates and Latent Defect Warranties if any major work was done on the house

Are there any restrictions when selling a listed property?

While there aren’t any major restrictions involving selling a listed property, you must be certain that no illegal work has taken place. This includes work done during your time as the owner, or any work arranged or completed by previous owners.

Additionally, if work is required on the home while you are selling it, this will be flagged up in the buyer’s survey. Be aware that the buyer may want to negotiate the asking price or request that the issue is fixed before going through with the transaction.

Do you live in a listed property? We can help you sell! Get in touch with us today to book a valuation with our local property experts.

Every decade brings along a new wave of first-time buyers, and this time around, millennials are on the market. To help you draw in this new pool of potential buyers, we’ve found the top features that most millennials will seek out in their ideal homes…

Sustainable and eco-friendly

Most modern buyers will be deterred by poor energy efficiency, as the impact it has on the environment (and monthly bills) is becoming a notoriously unattractive factor. Millennials want to reduce their carbon footprints as much as possible in their homes – from air source heat pumps to solar panels – even if this means pushing out the budget a little further. Homes that offer energy saving solutions are hot on the market for younger buyers and will become increasingly more valuable over time.

Good value for money

Millennials will want to know that their bills are being kept to a minimal while also having a home that caters to their every needs. These types of buyers will be new to the house buying process and might still be finding their financial feet, so being careful with money and making responsible choices is key. Often, they are also savvy about the schemes that are available to help them onto the ladder, and switched-on about which properties will cost more to run.

Visual appeal

Even while the market experiences unprecedented levels of short supply, millennial buyers are known for being selective about properties based on their appearance. They’re also drawn to visuals, and many will expect video tours to be available on the listings they browse, before committing to a booking. The information provided on the listing should also be as thorough as possible, as millennials like to know all the ins-and-outs of a property before attending a viewing. They will also undoubtedly read reviews online beforehand.

Location

Millennials will prefer to be in the heart of a great location, surrounded by a good community and local amenities for convenience. With many young buyers on the market being remote workers, location has become more important than ever before. The working from home buyer will seek out a quiet, scenic spot, with enough local shops and footpaths close by to fill up the lunch hour. While a commuting buyer will want a spot right in the city, with good commuter links and plenty of amenities available for the morning rush.

Convenience

After years of apartment living, millennial buyers will be highly attracted to a house which offers good storage space. Laundry rooms and pantries may also be important to these buyers, and they are likely to be attracted to a ‘ready-to-go’ home complete with all appliances, if it comes within budget.

Do you have a property that ticks all of these boxes? We could have a buyer waiting for you. Get in touch with us today to discuss the local demand for properties like yours.