September Market Comment

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We’re not surprised that house prices, according to the Halifax, rose 1.6% last month That’s nearly 20% per annum when annualised (but don’t do that)! The combination of at least three months of pent-up demand, coupled with stalling supply as people hunkered down during lockdown made such an increase inevitable, especially when compounded by the […]

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Valuation

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Valuation is possibly the most contentious aspect of estate agency, and emotions run high when discussing most people’s most valuable asset. It is natural that the vendor of a property will want as much as possible for it, as does the agent. However, vendors should be careful about opinions over value, especially when everyone seems […]

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9 HMO Questions Every Landlord wants to ask

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With the lettings industry going through some considerable turmoil in recent years, traditional letting models have become less profitable for both agents and landlords. The reduction in mortgage tax relief and elevated Stamp Duty Land Tax mean that landlords have higher costs to bear. On top of that, the tenant fee ban has shifted some […]

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Changing The Locks

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However, what happens if the tenant changes the locks, and are they actually allowed to do this? Perhaps surprisingly the answer is yes, they are. It may be they lost the keys, had an attempted break-in, felt vulnerable or simply the lock was not working well. Whatever the reason, nothing changes, apart from the lock! […]

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Clean Is Good

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CLEAN

According to the Tenancy Deposit Scheme (TDS), cleaning accounts for 56% of deposit disputes and there has recently been a sharp rise in the number of properties that require professional cleaning services at check-out. Pat Barber, Chair of the Association of Independent Inventory Clerks commented that “there is a general lack of respect for property […]

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August Market Comment

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August

As soon as the Brexit decision was “concluded” late last year, we were hit by the pandemic. Four years of uncertainty was condensed into a bottle neck of demand, which was then frustrated by three months of lockdown – and longer hair! But three months of hair growth does not require three haircuts – yet […]

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DON’T LOOK

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When looking to rent a property, it is natural to want to see as many properties as possible before making the “right” choice and common-sense dictates that you should view a handful of alternatives before deciding which to rent. Our job as professional letting agents is to help tenants make decisions that are genuinely in […]

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Service

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Most lettings agents see their role solely as a “purveyor of tenants”, and they pride themselves on their ability to find the right tenant for a property and to negotiate attractive terms for the landlord. But lettings agency has moved on. Indeed, finding a tenant is arguably one of the most straightforward aspects of letting […]

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July Market Comment

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JULY

Finally, after the pent-up frustrations of lockdown, we have some very good news to report: Firstly, the Chancellor of the Exchequer, Rishi Sunak, has announced a substantial boost for the housing market with the raising of the SDLT (Stamp Duty) threshold from £125,000 to £500,000. This really is quite incredible and will save buyers up […]

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