The Agent of the North

 

Now that the property market is stabilising and weathering the stormy waters of last year, we peek at some predictions and influences, you can use, to gain more success as the 2023 property market gathers momentum.

 

Legislation

In 2022, legislation required all new homes to produce 30% less carbon. With the cost of energy remaining a challenge, more energy-efficient homes with efficient appliances, better insulation and building materials mean new builds are raising the standards for all homeowners. As a result, home movers and developers are dialling into the importance of meeting these greater energy efficiency expectations!

 

Green mortgages

Some banks are now offering better interest rate deals for more energy-efficient homes. Reducing the cost of your energy bills could lead to a cheaper mortgage. Combine this with adding value to your property and in some instances, cash-back offers for greener homes from banks, going green is a no-brainer.

 

Embrace technology

Making your property as compatible as possible with the tech age we live in is now becoming not just desirable but essential. USB sockets, automatic and efficient lighting, superfast broadband, modern appliances and homes which offer an efficient and effective space to work from home are trends showing no sign of waning.

 

Don’t wait and see!

With all the tumultuousness of last year, it’s easy to sit on the fence. With interest rates stabilising, the long-term view looks good. While it’s tempting to delay and procrastinate, this influences the housing market in a way that slows it down. So, keep the market moving by moving!

 

Slow but steady

It’s no secret that the property market has slowed down, but with slowness comes stability. Many analysts suggest that the property market is now where it should be. Interest rates had been super low and perhaps prices increased too quickly. With less volatility, planning is easier. It may take a little longer to make your move, but it will most certainly happen.

 

Building blocks

With the shortage of building materials and labour, property development is generally moving at a slower pace. Whether a new build or refurbishment, it will take a little longer. If this slows down supply as prices fall a little, it’s not a bad thing. And with so many decisions to be made when undertaking a property development project, whether it’s a few rooms or an entire housing estate - Is it really such a bad thing to take a bit more time over such impactful choices? Not to mention this all helps stabilise the market.

 

The good news

The outlook is very positive in so many ways for 2023. Demand for rental properties will remain extremely high. Buyers and sellers are still keen and mortgage deals for first-time buyers are still good with many lenders offering 5% deposit deals until the end of this year. With things happening at a less frantic pace, the quality of building, buying, selling and living will improve, maybe things are on the up!

 

Looking for a new home which combines beauty and efficiency seamlessly? Browse our properties.

 

 

This year is proof that life as a landlord is not as simple as it used to be. Reforms for tenants along with new laws and legislation will make it a bit more complex. That said the great news is that demand for rented properties is still extremely strong. There is a chance you could pick up a bargain as property prices slow. These changes help protect landlords and tenants so it should be another good year where standards across the industry rise.

 

Better protection for tenants

The renter's reform bill could become legislation this year if the government have their way. Giving more rights to tenants will also force unscrupulous landlords to up their game and stop cutting corners. This will raise standards and rights for renters and stop your properties to let potentially suffering from bad landlords undercutting you.

 

Higher capital gains tax

The tax-free allowance for landlords selling a property will be reduced significantly from April. This means you could pay more capital gains tax, so if you want to avoid it, and you are thinking of selling, better to sell sooner rather than later. There will be further cuts in 2024, meaning your tax relief when you decide to sell will be halved.

 

Buy-to-let mortgage rates

Mortgage rates while higher than they used to be, are now much more stable than last year. This means you can plan for the future once again and calculate costs more accurately.

 

Higher demand

In 2022 demand for rented accommodation was huge. This year demand is still very strong.  Fewer people can afford to buy due to the cost-of-living crises and the hike in interest rates. It’s expected that landlords will increase rents in order to cover costs but also to reflect the huge demand and get a better rental yield.

 

Add to your portfolio

With house prices levelling out and falling now is the time to add to your portfolio. Rental yields are good, and demand is very high. Some landlords will choose to sell, while savvy investors will seek new properties to develop as buy-to-let businesses. Asking prices are much more open to lower offers than last year so you might just acquire something that before was not as good as an investment.

 

Financial help for energy efficiency upgrades

Landlords who meet certain criteria might be eligible for government assistance with £1bn to help homeowners to insulate their properties. The aim is to improve energy efficiency which will help landlords with providing energy-efficient, appealing homes.

 

Outlook

There is a lot going on in 2023, and if you are a landlord you are most likely to incur more costs. With rental demand growing now is the time to invest while providing great places to live for tenants. As the industry becomes more regulated, standards rise in so many ways, elevating the industry and creating a more stable investment prospect.

 

Tenant demand has never been better. Browse our properties.

 

 

We have all heard it before. “Moving is one of the most stressful things you can do.” Compared with many other more serious predicaments in life this is of course not true. Like flying to the moon or near-death experiences! However, it’s right up there with the big stuff like your career and relationships according to some experts.

 

It’s got everything, from hurting your back by lifting large furniture through narrow spaces to worrying about paperwork, and the emotional roller coaster ride of saying goodbye to friends and family you might not see for a while. Then the elation and excitement of a new home and maybe a new life. With all this going on it’s easy to get stressed. There is so much to think about.  We have come up with a few tips to help you make the big move less stressful by breaking it down into manageable pieces.

 

The sooner you start the better

The longer you put things off the more they fester in your mind. Instead simply packing a few things earlier will stop you from becoming stressed thinking about the huge task ahead. Start with the little things. Stuff you don’t use often, an hour here and an hour there. Don’t make it a task. Then you are already ahead of the game.

 

Come up with a plan

Make a nice cup of coffee or tea, or something stronger! Sit down and relax, then scribble down a plan. Write a list to break each of your tasks into smaller chunks, perhaps using titles such as – the happy day, for when you move in.  Breaking your tasks down like this will help you keep calm and gives you a plan to stick to while reducing the chances of the unexpected. Perhaps have a packing section, a pre-move checklist and a post-move checklist, to deal with the change of address!

 

Budget

It’s always a good idea to create a budget. Moving can be expensive and the more time you give yourself to plan the costs and see where you could save the better. If you are using a removal company, shop around, while they will make your life easier, if the cost is more than you can afford you may find yourself stressing over money.

 

Don’t forget yourself!

Your mind will be teeming with everything to do with your new home. Remember to look after yourself, plan breaks on the big day - a time to eat and a time to rest.  When you get stressed, remember to breathe. When you move in, sort the bedrooms first. This process will take a few days and you will need to sleep well. Perhaps pack a self-care box, so you are not frantically looking for something that is essential to you.

 

Say your goodbyes

Remember to set aside some time to say goodbye. It’s important to do this and if you don't plan it you may find you are trying to do too much at once; packing, while saying goodbye. It could cause an emotional and stress overload!

 

Finally

There is no doubt following these steps will reduce your stress levels massively and with a bit of luck you will be able to enjoy the big move!

 

Can’t wait to move into your forever home or looking to make your first big move?  Get in touch.

 

 

If you have made the decision to sell your home, chances are you will want to do it as swiftly and smoothly as possible. You probably have so many happy memories from each and every room in your house, yet already you are beginning to see your home in a different light. It’s important to look at your home as a house subjectively and see what you can do to get it sold.

 

Combined with this you need to be organised; you don’t want to be delayed – don’t neglect that silly little thing you forgot to do which delays everything by weeks! So here is a checklist which you can use as a reminder and a few other things to consider which will help you achieve the best possible price for your home.

 

Check out the competition

Look at what other houses in your area are selling for. View online the most recently sold properties in your postcode to give you a good idea of an asking price.

  

Declutter

Everyone has their own unique way of living whether it’s sitting by the fire and knitting or collecting unusual beers. Start decluttering by packing them away now and creating space. An emptier kitchen worktop will make the entire space look bigger and more appealing to potential buyers.

 

Clean

Have a good clean up, everything from the fireplace to kitchen tiles and carpets. It all helps make your home more sellable.

 

Repairs

Are there any small repairs that need doing or scuff marks that need a touch of paint? Perhaps you have some paint left over in your shed. It won't cost you much, but it will make your home look better and become more resistant to silly offers!

  

The garden

Don’t forget the garden and the front of the house. Are there any bushes or trees that need trimming? Are the windows clean, has the grass been cut? The first thing your buyers will see is the front of the house and first impressions last.

 

Make an entrance

As you enter your home through the front door look at what will greet potential buyers. A nice, presentable, clean and in good condition hall or room or porch will welcome new owners, not just viewers.

 

Paperwork

You don’t want to be delayed waiting for a gas safety certificate, or any other paperwork - perhaps from building control for any structural work you had carried out. Make sure you have any paperwork ready for your potential buyers to keep things moving forward smoothly.

 

Solicitor

Don’t give your solicitors any excuses to delay you! Call them and double-check if there is anything you need in terms of conveyancing and paperwork to get the ball rolling.

 

Photography/video tours

Check out your home’s profile once it goes live, and check the pictures for accuracy. Once you have done all this your house should look as pretty as a picture and you will soon be on the move for the right price.

 

Do you want to enjoy a seamless and swift house move? Contact us.

 

 

This time of year, has a lot going for it: Easter, lots of chocolate, spring flowers, warmer weather, and if you are on the move, April is the best time to sell your home. In fact, March, April, May, and June are the most popular months for making a swift move, with the average home taking less time to sell.

More people move in the spring
More UK property transactions are completed in the spring than at any other time of the year, and it’s a pattern that repeats itself year after year!

For example, in March 2022, the number of property transactions completed in the UK peaked at 111,680; in April, it was 107,100; and in May, the figure stood at 106,860.*

A good year
Conditions were a little bumpy towards the end of last year. The minibudget that caused an air of uncertainty has been replaced by a fresh spring breeze of stability. Sellers and buyers who delayed moving are returning to the market. More sellers mean more choice. Traditionally, the market warms up at this time of year, but with the added element of pent-up demand and a more calm and realistic market, it promises to be a good year.

Strong demand with a stable 2023 market
The average price of property coming to the market rose by just £14 (+0.0%) from January to February to £362,452.** This is a decent and stable figure, and with demand still very strong, the market is now conducting itself in a manner that is healthy and vibrant. However, you no longer need to race to your dream home and offer more than the asking price! If anything, there may be scope for a little negotiation.

Inspiring and beautiful homes
With wildlife coming on strong and flowers sprouting up to witness the longer evenings, spring lends itself well to moving. It’s easier weather for all the practical parts of moving, and homes with all this splendour going on just look better. Many will have enjoyed a good spring cleaning now that winter is over. Home improvements occupied many homeowners during the lockdown, so whether your budget is large or more modest, chances are you are in for inspiring viewings. Outdoor living spaces, work-from-home spaces, and interesting gardens are ripe for your ideas just in time for summer.

Summary: Springtime is the right time!
With so many beautiful homes looking good at this time of year and a buoyant market with some fresh pent-up demand, house prices are no longer rocketing out of control. Warmer, longer days and lighter evenings bring more homeowners out of hibernation, adding vibrancy and more choice to the property market. With no snow or cold to deal with while hopefully finishing in time to enjoy the summer. It’s little wonder that so many homeowners choose spring to move.

Perhaps we are no different from the returning spring wildlife. The season of change ushers us into a changing mood, but the motives, like many other natural laws, are highly practical and advantageous.

Spring your property move into life now!

Browse our available properties, then book a free valuation with one of our expert agents.

 

Office for National Statistics*
Rightmove**

 

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.

 

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*

 

Taking your first steps on the property ladder can seem quite daunting, with market news constantly changing and figuring out where to start. Therefore, we are here to update you on all the reasons why now is a good time to become a first-time buyer in the UK.

Mortgage guarantee scheme
This government-backed scheme was launched all the way back in April 2021 and has recently been extended to December 31, 2023. This creates the perfect opportunity for anyone looking to buy their first home with a 5% deposit.

House prices can be confusing!
There is so much mixed information out there, and sometimes this can be unsettling. The average UK house price in February was recorded at around £285,476. This is a monthly increase of 1.1%, a quarterly change of -2.5%, and an annual change of +2.1%.*

When it comes to the news and statistics, particularly national average statistics, it’s important to take them with a pinch of salt.

Overall, house prices are adjusting after the pandemic, and the market has slowed a little. This creates more opportunities for you to buy and sell at a good price.

Bargaining power
There is always scope for negotiation, and this is particularly true in the current climate. Talk to Zoopla, and home sellers are discounting their homes by as much as 14.1% to get a sale.**

Yet again, do not take this figure to mean that you will get at least a 10% discount on your first home. That said, you may get more than this! It depends on the house and its condition and how quickly the vendor wants to move.

You are appealing because you have no chain!
You are in many ways in a similar position to a cash buyer in that you have no chain, so you may be able to make a cheeky offer on your first home.

House price growth
Don’t worry about house prices in the long term; they are expected to start growing again in 2024. So, don’t wait too long if you have a game plan for waiting to see what happens.

Interest rates
Interest rates are currently being recorded as higher than perhaps a few years ago. Many analysts suggest they will never return to the ultra-low rates of a few years ago. That said, they are falling again. Therefore, relatively speaking, they are at a reasonable rate, and even if the base rate rises, mortgage rates are expected to remain constant. If there are any changes, they should be minimal.

The sooner you start, the sooner you pay off your mortgage
It’s all very well waiting to see what happens or to see if house prices fall, but the money you may save, will be lost! Delaying paying off your mortgage is costly; add to this the cost of renting and the temptation to spend your deposit!