There is always a wonderful reason to move. Property is beautiful, from the details of a feature fireplace to a view of the sunset over your garden. The right home is an investment and a place to make memories and profound emotional connections. You may have your heart set on the perfect kitchen or an idyllic outdoor space, but the numbers need to be right.

Lower asking price
Asking prices have decreased in recent months, however this should not be viewed as a bad thing. The rapid acceleration in the value of property has been hasty, and world events have somewhat exaggerated things. The fact that the property market is readjusting to a more normal market is healthy, especially considering the steady gradual release of value. It is important to remember that borrowing less overall to buy your home is a good thing, as it reduces other associated costs.

Earnings
Many people are buying together, whether with a partner or a group of friends. This is a quick route to buying your home and gathering a deposit. Nobody can deny that the cost of living has increased, but the good news is that wages are rising. According to the Office for National Statistics, growth in regular pay (excluding bonuses) was 7.2% from February to April 2023.*

Equity
How long have you lived in your home? It’s more likely the longer that time is, the more equity you’ll have. That equity has accelerated rapidly in recent years. There is probably quite a big cushion to fall back on if prices fall a bit more. First-time buyers' homes are in good demand, meaning even if you bought within the last few years, you will have gained a lot of equity, giving you the chance to move into something bigger.

Communicate with your agent
There are no hard-and-fast rules when it comes to property. All homes are unique, as are the different areas in your region. Your needs as a home mover are different from your neighbour's. And today, agents have the means to connect you with buyers and sellers like never before. State-of-the-art tech, in the form of databases and marketing tools, alongside good old-fashioned experience and local market knowledge make it all the more important to get in touch with a reputable estate agent. Ultimately, this means that your estate agent is pivotal in finding a way for you to get the keys to the home you want.

Find your dream property, get in touch to make it a reality

Office for National Statistics*
Moneyfacts*

 

 

As of July 2023, an average of 187 prospective tenants registered with agents, compared to just 127 in July 2022.* This surge in demand is not limited to any particular sector. Whether you're considering apartments, terraces, or converting existing properties into flats, now is as good a time as ever to invest. It’s no secret that the industry is going through an overhaul, and things are not as simple as they use to be. But if you stop to take a look around, there are so many opportunities right now that promise a profitable future for landlords.

Compact living spaces
Investing in compact living spaces is a smart move in today's market. Apartments and smaller homes are experiencing a surge in popularity, driven by young professionals and couples seeking convenient urban living. The same can be said of places in more rural locations. The appeal of these spaces is better energy efficiency, lower bills, affordability, easy maintenance, and a great choice of locations.

Energy-efficient family homes
Creating energy-efficient family homes is a win-win scenario for landlords. Not only will you contribute to a sustainable future, but you'll also attract a larger pool of tenants. In an era where environmental consciousness is on the rise, energy-efficient properties are in higher demand than ever before. Tenants are willing to pay a premium for homes that offer lower utility bills and reduce their carbon footprint. This demand translates into higher rental income, ensuring that your investment covers its costs and generates substantial returns.

Student accommodation
The student accommodation sector is experiencing a remarkable surge in demand and growth rates. As a result, student rents have surged by an astounding 30% compared to 2022.** This sector's resilience is driven by the constant influx of students seeking quality housing near educational institutions. By investing in student accommodation, you tap into a market that promises both steady rental income and long-term growth potential.

Holiday lets
Holiday lets are another lucrative avenue for landlords in the UK. Whether you choose a cosy city apartment or a spacious rural retreat, there's immense potential to earn substantial returns. The flexibility of holiday lets allows you to occasionally enjoy your property while reaping the financial benefits the rest of the year. The allure of staycations has further boosted the demand for holiday rentals, making it a prime investment opportunity.

The right guidance is the key to success
The landscape for landlords is changing. It’s never been more imperative to conduct your buy-to-let business by the book. The right guidance in sourcing and managing your property, combined with taking care of tenants, is a full-time job. Managed letting services are becoming essential. Keeping you from falling down any legal pitfalls, managing your property’s maintenance, referencing tenants, and so much more. Conditions and rights for landlords are set to improve with new legislation, such as the Renters Reform Bill. Making such legislation advantageous for landlords with the guidance of a good agent involves compliance for a better future for tenants and landlords. The right letting agent will keep you one step ahead, so your buy-to-let investment thrives.

Contact us today to find your next property investment opportunity

Property mark*
Natwest**

 

 

The best time to move is not always down to the seasons or market conditions, it’s down to you. The truth is, there are good reasons to move at any time of the year. Autumn brings about that lovely feeling of vibrancy and freshness with a multitude of colours, which can make you crave the change a new home brings. Winter is also on the horizon, and let's be honest, the countdown to Christmas has started. As the days grow shorter and darker, festivities like Bonfire Night, and Christmas focus our thoughts on cosy nights by the fire. But your moving story is as much about you as it is about your home.

Your home’s story is intrinsic to you
You may have improved your home over the years. Perhaps you have concentrated on making it more energy efficient. Have you developed a really good outdoor space or bought in an up-and-coming area? Even if you have purchased a modest property in the past five years, it will have increased in value considerably. Maybe you have outgrown your home or found that it’s too big for what you need today.

Invest in time
Today, many people are obsessed with the value of their homes, however time is also important. When you buy, you will no doubt keep your home for many years, and if you have owned your current home for a while, then you potentially have good equity. This may decrease in the short term but will increase in the long term. Using the services of a skilled agent who can judge the market will ensure you pay the right price for your property.

Delaying your purchase could cost you
It’s tempting to put off the decision to buy if you are concerned about property prices, but the reality is that rising mortgage costs could cancel out your savings while waiting for property prices to fall. Add to this, the long-term increase in the value of your new home as property prices begin to increase again, and you end up costing yourself even more money.

The property market
The UK property market is very resilient. Prices and interest rates change, but the long-term outlook is still one that spells out housing shortages which helps keep the market stabilised. Your home is in demand because of this shortage. However, there is still a varied and ever-fascinating selection of properties on the market. From grand ecological, energy-efficient designs, to humble terraced properties.

The right home
The perfect location, the sunrise in the morning, the fire at Christmas, the blooming garden in the spring or perhaps a house with greater energy efficiency. Whatever the reasons are for falling for a property, there are so many advantages to living in the right home. From finding more space to work from home, to simply reaping the rewards of a better sense of well-being; the right home can be financially advantageous.

 

Book a valuation to explore your property options

 

 

You know the feeling. It happens during so many important events in life. You go on a viewing, it’s such an interesting and exciting process that you become a little flustered. You walk from room to room, loving what you see. You are enamoured and excited, so you forget to ask an important question. While you can always contact your agent at any time to gain more information, it's important to remember that your agent is an invaluable partner in your moving journey. So here are a few questions that you might not think to ask to add to your list.

If you are selling

 

Contact us today to see how we can begin your successful moving story

 

 

With a greater sense of optimism in the air, lowering mortgage rates, and a compelling choice of properties to entice you, the UK property market is feeling good. A new year always brings new trends, fresh ways of buying, interesting properties, and a fresh influx of homemovers. Now is a good time to open your mind to the endless possibilities.

Mortgage rates are falling below 4%
With sub 4% mortgage rates making a welcome appearance on the mortgage market, homemovers are excited and relieved. For many years, mortgage rates were unrealistically low, and this has created the perception that today’s rates are higher than they actually are. Mortgage rates will not in the foreseeable future return to super-low levels, and those who know this are making their moves and getting increasingly better deals. After all, you can always change your mortgage deal in a couple of years.

Homes finding new owners
More buyers means more sellers, and all bring their properties to the market at some point, for you to buy, or for them to buy yours. This hive of activity keeps the market buoyant at this time of year. Spring is just around the corner, and this is often one of the best times of the year to move thanks to longer days, and warming weather to enjoy viewings. If you decide to join the party, your agent’s database will be teeming with homemovers and may already contain the right buyer for your home.

New trends
Create your perfect work-from-home space by selling up and moving to your dream location. Making the most of your home’s equity by purchasing a buy-to-let investment or holiday let is still a very appealing option. First-time buyers can spend up to £600,000 with a 5% deposit thanks to the Mortgage Guarantee Scheme, which has been extended until June 2025. Sustainability, energy efficiency, compact living, and smart technology are also growing in popularity.

A settling market
If you are a buyer, better mortgage deals and solid pricing that represent good value put you in a good position to move, thanks to a slowdown in house price inflation in 2023. You will get a good price for your home if you are selling, and you will enjoy good value if you are buying. These are ideal conditions for finding a great property and settling down. When the property market feels calm, it makes for a more pleasant moving experience. With good guidance from an experienced agent, moving home does not have to be a stressful experience.

Inspirational properties
Sustainability and energy efficiency are blended with fun and functionality, defining your spaces but allowing them to feel connected. The growth of smart homes and smart energy, fitted with smart appliances, promises to make your life easier. Features such as glass roofs and glass-door walls, with modern, clean designs leading to homely outdoor garden spaces, even in compact homes, make for inspirational viewings. Architectural styles from every era offer space with style and a sense of timelessness with modernity in magical settings.

 

 

If you’re a landlord who is considering expanding your property portfolio, you are not alone. According to a survey from Landbay, 44% said they are looking to invest in property in the next 12 months. * This is an increase of 12% compared to the same survey conducted 12 months prior. In fact, over six out of ten landlords planning to buy said they were doing so to expand their portfolio. *

Confidence is high  

The fact that so many landlords feel confident in expanding their property portfolios is a testament to the rental market's current strength. One of the primary reasons for landlords to be confident is the strong demand for rental properties. This demand is expected to continue growing in the coming years, providing landlords with a steady stream of potential tenants. Plus, as property prices rise, property values appreciate. This gives landlords the opportunity to increase rental income and maximise their return on investment.

The benefits of expanding your portfolio

Increased cash flow

One of the main benefits of expanding your property portfolio is the potential for increased cash flow. By purchasing more buy-to-let properties, you can generate more rental income each month. You can use this income to help offset any mortgage payments and expenses associated with maintaining the properties. As you add more properties to your portfolio, your overall cash flow will continue to rise, providing you with a stable source of income.

Property appreciation  

Property appreciation is another significant benefit of expanding your portfolio because your total return on investment should increase as the value of your property rises over time. As properties become more valuable, landlords build more equity, giving them more options to reinvest in more properties or negotiate better mortgage terms.

Diversifying your investments

Growing your property portfolio also allows you to diversify your investments. By spreading your risk across multiple properties in different locations, you can protect yourself from market fluctuations and unforeseen events that may impact an individual property.

Tax benefits

Owning multiple properties can also provide you with various tax benefits. Rental income is typically taxed at a lower rate than other types of income, and you may be able to deduct expenses related to property maintenance, repairs, and mortgage interest.

Leveraging  

You may be able to use your existing properties to help buy new ones. By using the equity in your current properties as a deposit or collateral for a new loan, you can expand your portfolio without having to worry about raising additional funds upfront.

How your agent can help

Working with a knowledgeable agent can massively help you expand your property portfolio. These professionals possess a detailed understanding of local market trends, rental yields, and landlord regulations, enabling them to offer valuable insights and strategic advice. An agent can also assist you in identifying exciting investment opportunities, negotiating favourable deals, and managing your properties efficiently. With their expert guidance, you can stay informed about industry updates and grow your portfolio with confidence.

Landbay*

 

 

Whether you are highly experienced in renting or not, there is always something new to learn. So here are a few tips to help make your move go as smoothly as possible.

Think about what you need from your next property

It’s much easier to find what you are looking for when you know what you want. Consider the area, the type of property and any additional features you require in your new home. Start your search in good time and get familiar with what’s on the market. By doing this, you can ensure that you are looking for the most suitable property for yourself.

Talk to your agent and be ready for

Now that you have decided what it is you are looking for, talk to your agent. They will be able to send you any properties that become available. When they do find a property suitable to your needs, it's best to be ready for viewings. It’s no secret that there is high demand for rented accommodation, so you want to be able to act quickly when the right property appears.

Have your paperwork to hand

Missing out on a property you really like because you were not prepared isn’t a nice feeling. To ensure this doesn’t happen to you, check that all your paperwork is to hand well before your move. You may need things like photo ID, proof of your address and employment. If you are using a guarantor, you need to have an important conversation with whoever you choose.

Prepare to leave your old property

Leaving your old property behind can become a lengthy process. If you are moving from another rented property, you want to get your full deposit returned. Cleaning, garden maintenance, and packing your belongings are often tasks that take much longer than you think. So, it’s important to plan your time carefully, as making an early start is worthwhile. Check gas or electrical meters before you leave because you don't want to get any bills that do not belong to you.

Understand your rights and responsibilities

You may already be familiar with your rights and responsibilities as a tenant. If you’re not, here is a reminder of the main points outlined on the GOV.UK* website.

Your rights include

• It is your right to live in a property that is safe and in a good state of repair.
• Have your deposit returned at the end of the tenancy and be protected from unfair evictions.
• Your right to challenge charges that are considered excessively high.
• See the property’s Energy Performance Certificate (EPC).

Your responsibilities include

• Granting your landlord access to the property to carry out repairs and inspections if they have given 24-hour notice.
• Taking good care of the property.
• Paying any bills that you have agreed to with your landlord that are your responsibility to pay. For example, energy bills or Council Tax.
• Paying for any damage or repairs that have been caused by you.

Get to know your tenancy agreement

Understanding your tenancy agreement is important. Some go into more details than your statutory rights and may include other points outlining the tenancy length, the date it began, notice periods, and so on. Your agent can guide you through any queries you have about your agreement or anything that is not outlined in it. A good rule of thumb is to check first, particularly when it comes to tasks such as decorating. You will also need to know which appliances and furnishings are provided; it could be that the property is fully or partially furnished.

Consider renting an agent-managed property

You don’t have to choose a fully managed property to benefit from deposit protection schemes or the continuous support of your agent. Many agents offer part managed properties. If you are renting through an agent, they will be a huge help. From finding your property, placing your deposit in a deposit protection scheme, arranging references, and more. If you choose a fully managed property, you will have 24/7 year-round maintenance support included.

 

Are you looking for a more agreeable tenancy agreement and a great property?

GOV.UK*

 

It’s no secret that the cost of renting has increased significantly in recent years, and much of this has to do with supply and demand and the increasing costs of borrowing for landlords. The market is steadily improving but there’s a lot that landlords and tenants can do to keep costs down.

Tenant tips that may help to manage costs

Use smart meters

If the energy bills are in your name, you are entitled to choose which energy supplier you use. You may also choose to have energy metres installed. This could track and help you to reduce energy consumption. Limiting energy waste, even if bills aren’t included, will keep you on good terms with your landlord. Using energy-efficient appliances will also help.

Choose an energy-efficient property

Sometimes it’s hard to find a property that meets all your needs. As well as having the right number of rooms in the right location, you should also place importance on the EPC rating of the property you are looking to rent. The higher the rating, the more energy-efficient it will be. This will more than likely be a sure sign that the property is in good condition.

Set a budget  

A property where you feel happy is a home you can enjoy. This could mean more entertaining at home instead of feeling like you have to go out. Planning your monthly expenditure and cooking at home in a decent kitchen might create room for more savings. Having food shopping, energy usage, and entertainment budgets can inspire creative and fun ways of living.

Find the right property

Registering with a good agent so that they can send you details of properties that are about to become available always helps in your search. You can discuss your requirements and then peruse potential matches that appear in your inbox. If you choose a fully managed property, you could benefit from year-round, 24/7 maintenance and support.

Landlord tips that may help to reduce costs

Regularly review mortgage costs

As a landlord, you want to keep the cost of any buy-to-let mortgages to a minimum. Getting the right advice from a good mortgage advisor could help with this. Some landlords have reduced the size of their portfolios to reduce borrowings. Others have chosen to expand with the expectation of lowering interest rates, buying up properties that are being sold by retiring landlords.

Check tenant credentials thoroughly  

Whether you are expanding, contracting, or beginning your buy-to-let portfolio, screening tenants is vital. You do not want to place tenants in your property who may not be able to pay the rent. There are insurance policies that can help with this situation. Getting reliable and referenced tenants can reduce this risk and the potential costs spiralling.

Improve your property and keep on top of maintenance  

Making your property more energy-efficient could mean higher rents. If your property is in good condition and highly presentable, it will be more desirable. You also want to keep on top of maintenance issues before they become expensive problems. Good properties usually attract good tenants so taking this approach will help the process go more smoothly.

Choose a managed letting service  

You may view a part-managed or fully managed letting service as another expense, but it could save you money. Managing a property can be time consuming. From maintenance and inspection to referencing tenants, there is a lot to do. Having an expert team take care of things gives you more time and the peace of mind that everything will be carried out in a compliant and efficient manner.

Final thoughts  

The media portrays a negative and fraught relationship between tenants and landlords. The reality is that tenants and landlords face similar challenges that stem from the same issues in common. Often, a good letting agent can bridge the gap by helping to set better standards for both parties.

Renting or letting? Get in touch with our friendly and helpful team

 

Selling your home often causes a flurry of questions to surface in your mind. If you are moving and are selling your home with a mortgage, here is a guide to help you understand the process and some answers to the questions you may have.

Can you sell your home with a mortgage?

Yes, you can still move even if your mortgage term is not complete, or your outstanding balance is not settled. In fact, you have a number of options going forward. Unless you are in the fortunate position of no longer requiring a mortgage, your choices will depend on affordability and your mortgage provider's terms. One such option could be to port your mortgage.

Can you move home with the same mortgage?

Some mortgage providers may allow you to move with your existing mortgage. Known as porting your mortgage, this may be a way to defeat higher interest rates, although mortgage providers' terms differ. You will, in any case, have to apply to your current mortgage provider if you want to port your mortgage. You may be able to borrow more, although this could be at a different interest rate than that of your current mortgage deal.

How do you go about selling with a mortgage?

You may be planning on settling your current outstanding mortgage balance and taking out a new mortgage deal on the house you are moving to. If so, your mortgage will be settled after you sell the house you are moving from. This is where your solicitor and mortgage advisor can be worth their fees. Many agents will be able to connect you to either, but it’s entirely your choice as to whether you use their services or choose your own property professionals. Discussing your moving plans with a mortgage advisor initially will help you decide the best route to take.

Is it better to get a new mortgage when you move?

You may find that you may not be able to port your mortgage. On the other hand, if interest rates are lower than your current deal, getting a new mortgage deal could save you some money on your monthly payments. If you are moving to a much greener, more energy-efficient home, you may be eligible for a green mortgage which could offer more competitive rates. Your individual circumstances and property will differ from those of other sellers and buyers, so it is important to give accurate details to your mortgage advisor. Such information as the outstanding balance and the current interest rate of your current mortgage will be required.

A good agent is a good asset to have on your side

Many people sell their homes with mortgages. Mortgage advisors, mortgage providers, and solicitors are well-versed in this process, so there is nothing to stress about. More than likely, you will port your existing mortgage or take out a new deal. A good agent will help you make the most of this process by being there to guide you and get the right value for your home. They are also invaluable when it comes to finding a property that gives you the features and space you want, in your desired location, and that works for you financially.