The latest Property Bulletin from Your Move

The latest Property Bulletin from Your Move




Property market sees strongest start to the year for over 17 years

 
The red-hot property market of 2021 looks set to continue throughout 2022 after statistics show this January has been the strongest January in the property market since 2005. 

Statistics from Nationwide have shown annual house price growth has risen by 11.2%, taking the average value of a property in the UK to £255,556 after the sixth consecutive month of monthly increases. 

December 2021 to January 2022 saw an increase of 0.8% increase month on month, further demonstrating the continual price growth. 

The stamp duty holiday scheme was a major driving force behind the statistics we are currently seeing, with property demand and high mortgage approval rates also playing their part. 

Stock levels in the property market depleting, after the stamp duty deadline last September, has led to buyers sparking a bidding war for properties, driving property prices up in the process. 

Not only are property values increasing, but the number of property transactions throughout 2021 hit the highest level since 2007. 

With the current market conditions suiting those wanting to sell and spring often being seen as the best time to sell a property, now is the time to act. 

Value your property whilst the market is still hot, contact us for a consultation.

 



Your checklist for a spring sale

 

 

As spring approaches, you may be ready to move. So, how can you prepare your home for a spring sale?  

Here’s a simple checklist to get you started. 

1) Extract your vases 

Fresh flowers are such a treat, and now is an excellent time to bring them back into your house.  

Give your vases a thorough clean and replace any that seem worn. 

2) Store away your winter footwear 

Clean your winter shoes, then pack the toes gently with newspaper to keep them in shape.  

Don't discard shoe boxes after purchase; they make wonderful storage containers.  

Stack your winter shoes and boots in the back or top of your closet and bring your summer shoes and boots forward. 

3) Clean doors and windows 

You will want to make the most of the spring light, so be sure to clean your windows to create an airier feel in your home. 

Cleaning your door frames is also a simple way to brighten up your home’s interior.  

4) Get your garden ready 

As we head further into spring, it might be time to bring out the garden furniture.  

Tidy away any plants which have caught the winter frost.  

Clear any remaining winter debris – including build-up in the gutters – and tackle any essential repairs before you get distracted by weeding and mowing the lawn.  

Keeping your home in tip-top condition is also a good idea if you intend to sell soon.  

Not only will it be ready for a professional photoshoot, but you’ll also make a great first impression on your viewers too.  

Are you ready for a fresh start? Just give us a call on today for expert advice about prepping your home for its market debut.  

 



We can help you find the perfect tenant this March

 
You've put your savings into a property, or you've inherited one, and now you'd like to rent it out. 

Of course, you want to attract and select the best tenants - people who will take care of the property, pay the rent, and leave you with little to do. 

But where do you look for suitable tenants? 

Is there anything you could do to make the tenancy as painless as possible, allowing you to get on with your life? 

1) Delegate viewings to your agent. 

Use your lettings agency to handle viewings unless you have prior experience. 

In our situation, we have a lot of experience in the industry and will have a gut sense about the people who walk through the door. 

This, together with your brief, ensures that we are always prepared to 'vet' potential tenants. 

Have faith in your agent. If they're anything like us, they'll be aware of the type of tenant you're looking for and will make sure that any viewing requests are in line with your requirements. 

2) Work as a property matchmaker 

If you're searching for someone to live in your home who is as nice and tidy as you are, it's a good idea to have it photographed in that state, even if it's minimalist. 

You'll be more likely to find the ideal tenant who wants to live that way, and they'll be aware of the expectations you establish from the outset. 

When the images are taken, make sure your rooms are decorated or arranged suitably. 

3) Compile a shortlist 

It's easier to weed out undesirable tenants if you and your lettings agency ask a list of questions you've already prepared. 

Whether you're asking or we're asking, the responses will assist you in making a decision. 

Consider the responses you'll need to hear and tailor your inquiries accordingly. 

4) Conduct thorough background checks. 

Viewings have been completed, and you've identified some potential tenants. Bingo. But hold on a second. Now is the moment to complete those crucial checks. 

Even if you're letting to a friend, it's critical to do this part correctly. 

This is where we can help you the most. 

We'll do all of the legwork for you and recommend the people we think are the best fit for your property. 

Please contact us if you require assistance in leasing your property. 

We'll gladly assist you in marketing your property, finding a tenant, and completing any necessary inspections. 

 



How to purchase a buy-to-let property in 2022

 

If you're thinking about becoming a landlord or expanding your portfolio, there are a lot of things to consider before purchasing a property. 

The process of purchasing a buy-to-let home differs from acquiring a residential property for yourself, so it's important to know what to expect. 

Our staff specialise in buy-to-let guidance, so we've created a simple guide to purchasing a buy-to-let property. 

What is a buy-to-let? 

First and foremost, the fundamentals: A buy-to-let property is one that has been purchased with the idea of renting it out. 

A buy-to-let mortgage is different from a residential mortgage, and you'll need to apply for one if you can't afford to buy the house outright. 

When applying for a regular mortgage, your income is considered, however when applying for a buy-to-let loan, the lender considers the anticipated rental income as your major source of income, while your personal income is considered secondary. 

What type of property should you buy? 

The location of the property in relation to facilities and transportation, as well as the neighbourhood and demand in the area, are all key considerations. 

Just like you would when looking for a home, you should conduct thorough research into the area where you want your buy-to-let property to be placed. 

Consider the type of tenant you want to attract and include that into your research. 

Finding a property in the suburbs near decent schools is your best choice if you're wanting to rent to families. 

A home near a university, as well as good yet inexpensive restaurants and nightlife, is essential if you want to rent to students. 

Is it necessary to use a letting agent? 

It is important to retain the services of an expert lettings agency, as they can ensure that your rental properties adhere to the various pieces of governmental regulations.

Every landlord has a different reason for letting a property and every landlord has different needs.

That’s why we provide a range of flexible landlord services.

Credit checks on possible tenants, drafting a lease contract, chasing late rental payments for you, assisting with any on-site maintenance, and assisting with obligatory gas and energy safety and efficiency assessments are all services provided by letting agents like us. 

In general, if you're a budding landlord, using our lettings services will relieve you of a significant amount of stress! 

Contact our team of experts for specialist guidance on buying a buy-to-let property.