Welcome to your monthly property update!

Welcome to your monthly property update!




BINGO LINGO - London - Walthamstow - Step Into Christmas!Fri Dec 15 2023 at 07:00 pm to 11:00 pm

Our Christmas specials tour sells out every year! Get your groups sorted early to enjoy our usual bingo chaos with a smattering of festive fun!

Click here to read BINGO LINGO - London - Walthamstow - Step Into Christmas!Fri Dec 15 2023 at 07:00 pm to 11:00 pm.



BINGO LINGO - LondonĀ Feb 23 2024

Our sold out UK tour has arrived at Walthamstow to bring you the bingo chaos you've been yearning for!

Click here to read BINGO LINGO - LondonĀ Feb 23 2024.



Ultimate 80s Party Band
Sat 29th June 2024

This event is free to attend. Happy days.

If we know of a trusted online shop with tickets available, we will always provide a link to buy from them...


Click here to read Ultimate 80s Party Band
Sat 29th June 2024
.



Case study: Hampshire Trust Bank delivers funding for environmentally-friendly rural development

Case study: Hampshire Trust Bank delivers funding for environmentally-friendly rural development | Property Reporter
 
 
 
 
 
 

Case study: Hampshire Trust Bank delivers funding for environmentally-friendly rural development

The project involved the demolition of existing farm buildings at Andersey Farm in Wantage, Oxfordshire, to be replaced with five residential eco-buildings

Related topics:  Finance,  Development,  Case Study
Property | Reporter
16th May 2024
Scott Apps HTB 358
 
 
"HTB is committed to improving the efficiency status of housing stock across the UK, so while this was an unusual case it was one we were keen to work on"
- Scott Apps - Hampshire Trust Bank

Hampshire Trust Bank has completed a £3.195m development finance facility to fund the construction of five properties with exemplary environmental ratings on farmland in Oxfordshire.

The developer was determined from the outset to deliver properties with high energy efficiency ratings, a feature which is rare to find in rural areas. This goal has been achieved, with the project progressing on time and on budget.

The team effort between the developer, the group of professionals they assembled around the project and HTB’s Head of Origination Rob Syrett meant that they could confidently pursue their ambitious environmental targets.

Adam Stiles, mortgage broker at Helix Financial Partners who introduced the deal, commented: “This was a highly unusual case because of the environmental focus from the developer. It’s really unusual to secure such high energy efficiency ratings on rural properties, but the developer was clear about what they wanted to achieve.

“HTB excels in delivering a personal service on development cases, getting to know the borrower and understand their plans, which is why they were the perfect funding partner on this project.”

Scott Apps, (pictured) Head of Distribution for development finance at HTB, added: “HTB is committed to improving the efficiency status of housing stock across the UK, so while this was an unusual case it was one we were keen to work on.

“We are proud to have built a broad team of regional Lending Directors, who are able to bring their own local knowledge and expertise to determining the viability of potential projects. That experience is also crucial when it comes to working with inexperienced developers, as was the case here - even if a developer doesn’t have an extensive portfolio, if they have a quality team around them then we will look for ways to support them."

 
 
 
 
 
 
More like this
 
 
Latest from Financial Reporter
 
Latest from Protection Reporter
 
CLOSE
 
Subscribe
to our newsletter

Join a community of over 20,000 landlords and property specialists and keep up-to-date with industry news and upcoming events via our newsletter.



Scottish landlords: What does an EPC rating mean to you?

 

As a landlord, it is important to be aware of the legislations regarding EPCs as its significance continues to grow with time. Currently in Scotland, to let out a property, you are required to meet a minimum EPC rating of D. The Energy Performance of Buildings Scotland regulations were set in 2008, and if not met, you could receive a minimum fine of £500.*

What is an EPC rating?

EPC stands for Energy Performance Certificate, which rates the efficiency of energy within the property. This is ranked on a scale from A (most efficient) to G (least efficient), and the certificate stays valid for a period of ten years. The EPC certificate will also provide you with ways to improve your home's efficiency to boost your rating for your next assessment. 

Why do we have EPC ratings?

The EPC rating has been put in place to reduce carbon emissions from homes, creating a positive impact on the environment in the future. As a landlord, your EPC rating certificate should be available for current and prospective tenants to view at any time, and you are required to advertise your letting property with a clear EPC rating.

How is my EPC rating calculated?

Numerous property-related factors are taken into consideration when grading your property’s EPC rating. An energy assessor will conduct an assessment and study the contributing factors in your home, which are your overall energy costs, your property’s internal layout, the boiler, insulation, windows, your central heating system, and any hot water tanks.

Why is it important to have a high EPC rating?

This can be used as a unique selling point and help attract more tenants to your properties, as people become more aware of their environmental impact. This can also lead to an overall reduction in property maintenance, which would result in fewer costs.

How can I improve my EPC rating?

When you have your EPC assessment, you will be granted a certificate, which will advise you on ways in which you can improve your rating. The most common methods for improving your EPC rating are; installing insulation within the home and surrounding pipes, light bulb replacement with energy-saving bulbs, upgrading your boiler and heating system, installing solar panels, a smart meter, and double or triple-glazed windows. 

What does the future look like for EPC ratings in Scotland?

Before March 31, 2025, landlords in Scotland will be required to have an EPC rating of a D or above to be able to continue to let properties. If this requirement is not met, it could result in a fine. In 2025, the Scottish government plans to potentially introduce a deadline for your EPC ratings to be calculated above a C, which most likely won’t need to be met until 2028.**

It is clear the required EPC ratings will continue to rise. So, as a landlord, it is important to stay ahead of the game and keep that rating high to continue to have success in the Scottish rental market.

 

Contact us for more information on letting your property

 

Gov.scot*
Yateshellier**

 

 



ABBA VoyageSunday, 15/09/2024

Your chance to see the highly-anticipated, immersive concert from one of the biggest pop acts of all time. The show blurs the lines between the physical and digital realms, immersing the audience in the magic of ABBA's music. Enjoy a night out in town and watch ABBA Voyage live.

Click here to read ABBA VoyageSunday, 15/09/2024.



Top tips on starting a new tenancy

 

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*



Highest number of homes for sale in 8 years

 

If you’re in the market for a new home this summer, you’ve timed it just right. According to data from Rightmove’s house price index, this summer saw the highest number of homes for sale in eight years.* As a result, it comes as no surprise that sales increased by 13% between May 2023 and May 2024.* Additionally, because the number of homes for sale has increased at a slightly faster rate than sales agreed, there is a strong supply of available homes for sale.

Why is the market growing?

Post-pandemic rebound

The economy has recovered after taking a hit during the COVID pandemic, and as a result, we are seeing a rebound in housing market activity. Homeowners who may have put off selling their home during the pandemic now feel more confident in putting their property on the market.

Lower mortgage rates easier

The decrease in mortgage interest rates is another factor contributing to the high number of homes for sale. With interest rates falling in 2024, many potential buyers are taking advantage of favourable borrowing conditions to buy a home. This increase in demand has led to more homes being listed for sale as sellers look to capitalise on the surge in interest.

Stable prices

Despite the increase in the number of homes for sale, property prices have remained relatively stable. This has provided a sense of assurance for both buyers and sellers, creating a balanced market where transactions can occur smoothly. The stability in prices has encouraged more homeowners to make their move, knowing that they can achieve a fair value for their homes.

How does this benefit buyers?

Increased options

With the highest number of homes for sale in eight years, buyers now have a wide range of properties to choose from. This means they are more likely to find a home that fits their specific needs and preferences.

Less competition

A surplus of homes on the market means less competition among buyers. This can result in a less stressful homebuying experience, as buyers may not need to rush into making an offer out of fear of losing the property to another buyer.

Potential price reductions

In a busy market with a high level of supply, sellers may be more willing to reduce their asking prices in order to attract buyers. This presents an opportunity for buyers to receive a good deal on their dream home.

How does this benefit sellers?

Faster sales

While an increase in available properties may seem like bad news for sellers, it can actually lead to quicker sales. With more options available, motivated buyers are more likely to make a decision and move forward with a purchase.

Increased exposure easier

More homes for sale means more listings for buyers to browse through. This increased visibility can benefit sellers because it attracts a larger pool of potential buyers to their property.

Competitive pricing

By pricing properties competitively, sellers can take advantage of the abundance of homes on the market. Sellers who set a reasonable asking price may attract more interest and receive multiple offers.

How a good agent can help you

As a buyer, a good agent can help you find your dream home among the abundance of options available. They will listen to your needs and preferences, then use their expertise to narrow down the search to properties that meet your criteria. An experienced agent can also help you make an offer, secure a mortgage, and close the deal. As a seller, you can benefit from an agent’s in-depth knowledge of local market trends as they help you price your property competitively to attract the right buyers. A reputable agent will also handle all the negotiations and paperwork, taking the stress out of the selling process.

 

Book a valuation today to start your move

Rightmove*
 



Budgeting tips for home-movers

 

Moving house doesn’t have to break the bank. In fact, by planning ahead and taking tactical steps, you can get started on your next chapter with a clean slate and a well-organised home.
Here are some essential tips to help you save money and streamline your move.

Book promptly

When it comes to moving, timing is crucial. One of the best ways to save money is by booking your moving services well in advance as this gives you time to compare rates. Many moving companies also offer discounts for OAPs, key workers, and armed forces, so don’t forget to check if you’re eligible.

Get the timings right

Booking early also ensures that you get the moving date and time that best fits your schedule. During peak moving seasons, such as summer and end-of-month dates, moving companies can get booked up quickly. By planning ahead, you avoid the stress and potential extra costs of trying to find available moving services at the last minute.

Empty your cupboards

Before you start packing, take a good look at your cupboards. You might be surprised by how much food and household items you've accumulated over time. Instead of letting these items go to waste or lugging them to your new home, aim to use them up.

Meal planning

Create a meal plan that focuses on using the ingredients you already have. This approach not only reduces waste but also cuts down on your food shopping bill in the weeks leading up to your move. Be creative with your recipes and try to use as many of your cupboard staples as possible.

Sell unwanted items

Moving is the perfect time to declutter and make a bit of extra cash by selling items you no longer need. This will reduce the volume of things you need to move to your next home, while saving both time and money.
Use online platforms like eBay, Facebook Marketplace, and Vinted to sell your unwanted items. Whether it’s furniture, clothes, or electronics, there’s likely someone out there who will be interested in what you’re selling.

Declutter

Decluttering is one of the most effective ways of cutting down your moving costs. But it isn’t easy, so tackle your decluttering one room at a time. This method makes the task more manageable and ensures that you thoroughly go through each space.
Sort items into categories: keep, sell, donate, and dispose of. Be ruthless – if you haven’t used something in the past year, it’s likely you don’t need it.

Get your packing materials for free

You can save a great deal of money by getting your boxes and bubble wrap for free. Many shops and offices offer their used packing materials at no cost to reduce waste. You might even find someone in your local community offering their used boxes, so check online first before committing to paying out for your packaging.

Curious about what your home could achieve on today’s market? Book a valuation today



Behind the scenes of an expert agent valuation

 

One of the most important components when selling your home is the expert agent valuation. It will inform you of your property’s value and a potential asking price you could set when placing your property on the market.

In this article, we discuss how your property is viewed and valued in a home valuation, allowing you to gain a better understanding of how an expert agent determines your home's overall value.

Is a home valuation important?

Home valuations can affect the entire selling journey of your property, so you need to ensure they are achieved correctly. If an inaccurate valuation is completed and it’s reflected in the asking price, this could delay the sale.

The first ten days of your property on the market are the most important, as it will receive the most interest during this time. So, with this in mind, it’s crucial to ensure you have an accurate, fair representation of your home’s value in the asking price.

Knowing your home's true value can provide you with a clear budget for searching for your next home, as well as allowing you to identify the current equity within your property if you were to sell.

How does an expert agent value your property?

The expert agent will use their own experience and knowledge of the local market, along with five main physical components, to determine the value of a property.

  • Location
  • Layout Size
  • The property's condition
  • Unique features

Ultimately, the interior and exterior of your home plays a huge part. If you have a beautiful, private home with incredible characteristics and uniqueness, its value will be higher than that of an average neutral-looking home that is the same size and location.

Another huge factor is location; this determines the local amenities, schools, opportunities, and jobs the property could provide, adding value.

When valuing a property, agents use the price of comparable homes that have sold in that area as their main guide. This allows agents to identify what potential buyers are willing to pay, helping to understand the local supply and demand for property.

A combination of various factors, including your personal circumstances and the current state of the surrounding property market, will determine the value of your home.

How do you decide which agent to go with?

Choosing the right agent can be a daunting process, as your home is your most valuable asset, so shop around and speak to a variety of agents. Never choose an agent based on how much they value your home, as some agents will quote you a slightly higher value than they believe simply to get your business.

It's critical to have a connection with your chosen agent, as you will spend a lot of time with them, and you want to make sure they love and respect your property as much as you do. Trust your gut, don’t rush, and ensure you like the agent you will be working with. By working with us, we can offer support from your first home valuation all the way to exchanging contracts and discovering your next dream home.

 

Book a free, in-person valuation today and allow us to support you throughout your entire selling journey