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The lettings market continues to rise with a Rightmove report revealing a 0.7 per cent increase in property prices being listed in the last month. This is actually seen as a return to normality as the average September increase over the last 10 years is 0.6 per cent.
Written by: Toby Dawson
The 12th of September was gas safety week, did you miss it? Almost 50% of landlords have been denied access by their tenants to carry our checks, revealed from a Landlord Action survey. With last week marking gas safety week, it is a good reminder for landlords to check the status of their properties.
Written by: Toby Dawson
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If you are a landlord then these new regulations starting on the 1st of October will apply to you, with a possible £5,000 fine if your property doesn’t comply.
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Walking around London you would have likely noticed a different shade of grass, it is not just the peak temperatures reaching above 40 degrees but also a significant drop in rainfall. This brings up the question that is very rare to the UK, should there be any water restrictions?
Written by: Toby Dawson
To say the lettings market is hot right now would be an understatement, stock is being let as fast as it arrives. There has been a huge increase to rental yields with some northern areas pushing 8.3% at their peaks.
Written by: Toby Dawson
Prime Minister Boris Johnson fired Michael Gove on the 6th of July 2022, a well respected MP and chief architect of the white paper released by the government called ‘A fairer private rented sector’. The man given the task of replacing him is Rt Hon Greg Clark who was given the job on the 7th of July 2022. He has inherited a huge task laid out in the white paper with the additional challenges of the current state of government.
Written by: Toby Dawson
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In the 2021 London mayoral election, a critical campaign message from Labour Mayor Sadiq Khan was to freeze private rents and control them through proposed ‘London Private Rent Commission’. The Department for Levelling Up, Housing and Communities have removed all support for such a scheme in their latest white paper.
Written by: Toby Dawson
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On the 16th of June the white paper; ‘A fairer private rented sector’ was released by the A fairer private rented sector. This sets out how the government wants to reshape the private rented sector (PRS) with the goal of delivering a better deal for tenants.
Written by: Toby Dawson
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In February 2022 the government published a white paper which stated all landlords would be required to be listed on a register, that paper was a teaser for what came on the 16th of june in the ‘A fairer private rented sector’ white paper.
Written by: Toby Dawson
Across England there has been a 3% drop in HMOs between 2020 and 2021, with London being the primary influence having a 13% reduction across the capital seeing places like Barnet declining by 37%.
Written by: Toby Dawson
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The Queen's speech has shed some light on the much anticipated white paper from the Department for Levelling Up, Housing & Communities. Confirming previously discussed goals for the government, as well as rescinding others.
Written by: Toby Dawson
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Rising costs coming on the back of a 54% energy price cap raise have many worried just how high their cost of living will raise. UK government data suggests that bills could rise by over 140% for around 22 million people, effectively raising their yearly bills from £700 to £2,000. Homeowners have a tough choice ahead of them, with the need to make their properties more heat and energy efficient as will be regulated before 2025 with an EPC level C requirement on all domestic properties.
Written by: Toby Dawson
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The cost of living is rapidly increasing and while Boris Johnson has suggested people turn off their heating and buy cheaper groceries there is a way you can save money by moving home. In order to tackle rising rental prices people have started moving to cheaper boroughs. With the average rent for a London flat being £1,650pcm people are turning to areas like Barnet which sits under the average at £1,530 instead of the £3,960 high costs of Kensington.
Written by: Toby Dawson
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On Wednesday (23rd of March) the spring statement was given by Rishi Sunak, the Chancellor of the Exchequer. To the delight of the property market the news was mainly positive towards home owners and their tenants.
Written by: Toby Dawson
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The lettings market in London has never been stronger in London as everyone is learning to live with COVID. The bounce back from the 2020 market has been huge with an increase of 16.2% in annual rent for inner London and 5.8% increase for outer London.
Written by: Toby Dawson
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The Department of Levelling Up has published a white paper with a list of achievements they wish to enact by 2030. One of the big features is the requirement for all landlords to be registered, as part of an effort to have more transparency in the private rental sector and to fight rogue landlords. As the white paper states:
Written by: Toby Dawson
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After the 6th of April 2022 landlords and letting agents will be required to use the Right to Rent Online Checking Service for Biometric Residence Card / Permit holders. This is part of the move towards a stronger digital system for the UK Government and Home Office, which will now be cemented in legislation changing the immigration system.
Written by: Toby Dawson
The UK rental market could be facing a rough 2022, we are not talking about the many challenges already facing landlords but instead focus on the tenants and their ability to afford the ever growing living expenses.
Written by: Toby Dawson
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Landlords looking at their business in 2022 have many things to juggle including changes, we have put together a list of 7 key areas all landlords should be aware of in the new year.
Written by: Toby Dawson
We would be happy to value your property without obligation or charge. Our knowledgeable & experienced team will provide you with an honest & accurate market appraisal of your property based on market trends. We can also offer advice on current legislation and how best to present your property to prospective tenants & purchasers.
Good marketing begins with appealing images, an accurate floorplan and an appropriate description with supporting information. In order to ensure full exposure, as well as on our own web site, we advertise on the major property portals, social media and other selected mediums. Once we have these solid foundations, our talented and experienced sales team takes over!.
We offer a very polished and thorough management service. We are able to deal with all aspects of the day to day running of your tenancy on your behalf and are able to advise on contractual and legislative matters in what has become an increasingly complex contractual and legislative environment.
We offer a complete service and are able to deal with all aspects of your refurbishment and/or build including; architectural services, planning applications, building control, general contractors, specialised contractors, finishes and management.
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