Although the evenings are gloomy, the roads are busy, and the weather outside is frightful – moving home during the festive period can be a stress-free process if you’re well prepared for it. Whether you’re buying your first home this season or moving on to your next, here are some top tips for a smooth move during the holidays…

Book a removals company

With unfavourable weather, limited staff and packed schedules, removal companies can be difficult to reach close to Christmas, and this can cause complications with moving. As we reach the end of the year, companies often get booked up in advance, so make sure to ring up as early as possible and secure your delivery slot.

Christmas decorations

Years worth of Christmas décor can quickly turn into a festive frenzy when moving house, so it’s a good idea to organise and label your boxes of seasonal goodies so that they’re ready for move-in day. If you’re moving just in time for Christmas, you’ll likely want to have your decorations unboxed right away, so pack them where they’ll be within easy reach and won’t get damaged. 

Prep for bad weather

Weather conditions are always an important factor when moving, and you’ll need keep an eye on the forecast while you’re planning. Adverse weather can cause delays when moving your belongings, so try and choose a day when the odds are in your favour.

If you’re heading towards a snowy or rainy moving date, protect your new floors from any wet and muddy shoes by laying down cardboard or plastic sheeting in the rooms and on the staircase.

You will also need to prepare for your journey, as trying to stay warm when the temperatures are low can be just as exhausting as overheating, so make sure to leave some warm clothes out of the suitcase and keep a jumper or coat spare just in case!

Shop early

Get your Christmas shopping out of the way early so that you aren’t disrupting your move. If you’re able to, go through your present list and make sure everything is packed and sent out before moving day. The last thing you need when sorting and packing your belongings is a big pile of unwrapped gifts and cards to wade through. If you’re moving close to Christmas, it might also be a good idea to get your food shop done early by ordering online so you can avoid any last-minute shopping and queueing close to the big day.

Secure all valuables

The festive period presents many opportunities for thieves, especially if you have any high-value items or presents boxed up at the ready. Stay vigilant and ensure all of your belongings are safe while you’re moving. Never leave a door unlocked or a vehicle open and unsupervised, and keep an eye out throughout the process for any opportunists who might’ve noticed a moving van outside your house.

Spread the cheer

A nice touch for this season is to leave the owners of your old home a small welcome pack or note with some helpful information inside. You could write up some handy tips about living in the home – such as when the bins are collected or the designated safe-place for missed parcels.

While you’re at it, why not leave a Christmas card as well? After all, ‘Tis the season to be jolly.

If you’re looking for your next home, take a look at our selection of properties.

Despite the wider economic challenges impacting the UK property market, a continuous disparity between supply and demand has pushed house prices up to a record high after a 0.9% rise in October.*

According to Rightmove’s House Price Index, the rise represents and increase in value upwards of £3,398, with the price of an average home now standing at £371,158.*

This new asking price record is somewhat of a surprise given the market uncertainty that followed former Chancellor Kwasi Kwarteng’s mini budget in late September. There was also little sign of downwards price pressure towards houses already on the market, with the number of reductions up by 2% following the announcement to 23% of all properties reduced, which is still a far cry from the pre-pandemic five-year average of 32%. *

Tim Bannister Rightmove’s Director of Property Science, comments: 

“What’s going to happen to house prices is understandably on the minds of many home-movers right now, especially following the market uncertainty after the government’s mini-budget. There has been no immediate effect on prices, but the trend of a slight softening in the pace of growth continues."

"New sellers coming to market in the month have been pricing strongly, and the number of homes that were already on the market seeing a reduction in price is still well below the long-term average. It will take a bit of time for the market to settle into a new, more ‘normal’ level of activity following over two years of market frenzy, especially with new developments happening almost daily at the moment.”

It's understandable that some prospective buyers will be pausing their plans momentarily in an effort to ‘wait-out’ the next few weeks and months until market uncertainty wears off and the full picture becomes clear. Despite this, demand still holds steady at 20%* higher compared to a more normal market of 2019. This trend also follows through to the first-time-buyer sector, with demand still high at 24%* compared to 2019, further demonstrating that buyer confidence has continuously improved since the pandemic.

Although some buyers are awaiting a clearer outlook for the time being, those who have already agreed to their purchase appear to be proceeding with confidence. Only 3.1% of sales agreed fell through in the two weeks following the mini-budget announcement, which parallels the 3.0%* reported over the same two weeks in 2019. UK agents are recording that those who have managed to secure a low-rate mortgage offer are eager to complete their purchase as fast as possible, before the offer closes.

Tim concludes: “The vast majority of buyers who had already agreed to their purchase are still going ahead. Agents report that many of those who managed to secure a mortgage offer at a lower rate before lenders quickly increased them are now rushing through their agreed deal to avoid their offer expiring and facing a higher rate when they come to reapply. It’s understandable that some new movers who have the option to wait may want a clearer view than they’re getting right now before they proceed with a major purchase such as a home.”

"With uncertainty over where mortgage interest rates will go, those who can still afford to proceed may decide that waiting too long could come at an even higher cost than taking action to move now, especially if the level of demand continues to outstrip supply and supports prices.”

Considering the increase in average home values, do you know the value of yours? Book a valuation with us today to find out.

Rightmove *

Emergency property issues aren’t good for tenants or landlords, and the best way to safeguard against these potential nightmares is to take preventative measures before they arise. Then you can sleep soundly at night in the knowledge that you have done everything you can to drastically decrease the odds of a costly, dangerous, or life-threatening emergency. 

Carry out these safety checks regularly 

Gas: A Gas Safety Certificate is a legal annual requirement. It's perhaps the most obvious and well-known of all home safety certificates, but it's less known that it applies to all gas appliances, not just your gas boiler. 

Electrical: All fixed electrical appliances need to be inspected and tested every five years by a qualified electrician. 

Don’t forget the fuse box: If you are letting your property, you might find that the existing fuse box is obsolete and does not meet current safety standards, so it's best to check this with a qualified electrician. 

Smoke alarms: It's not expensive, and it's a legal requirement that there's one installed on every floor. The potential damage caused without them can be catastrophic, cause death, and if fitted and not correctly maintained, can affect insurance coverage. 

Plumbing 

Drains: Blocked drains cause flooding, which in some cases leads to costly repairs and uninhabitable homes. Prevention is simple – all you need is a bottle of drain cleaner, which you can buy from any supermarket. 

Pipes: Insulating pipes is another inexpensive way to prevent a potentially hugely costly disaster. In winter, pipes contract in the cold and then heat up once in use. This repeated process can cause them to crack, leading to an even bigger leakage of money! 

Regular inspections 

It’s always a wise move to have a clause in your tenancy agreement that, with written permission requested, you can inspect your rental property within 24 to 48 hours. You can’t legally enter the property without the permission of the tenant, and this allows you to regularly check the state of your property should you feel the need to do so. 

Landlord insurance  

Differing greatly from conventional house insurance, a private residence policy will not cover you if you let your property. A good landlord insurance policy is worth every penny in the face of devastating risk; it covers damage, loss of rent, and legal expenses, plus almost anything else you feel could be a risk. A good conversation with a reputable insurance company is time well spent in order to find the right level of cover to protect your investment property. 

Make it happen 

Taking these measures now will keep your rental property safe and keep you informed of any maintenance or repair issues that may be on the horizon before they become major issues, so in terms of investment, they are no brainers! The good news is that all of this can be carried out by professionals, from insurance brokers, gas engineers to electricians. Getting in touch now with the right people won’t take long and could save you a lot of money! 

Need help finding the right tenants for your property? Contact us today. 

When most people hear the phrase – interest rate rise, they immediately panic and worry about higher bills and extra expenses at the end of each month, then have a good rant about how horrid and expensive everything is getting. Every cloud has a silver lining, though, and the good news is this could do a lot of good for the housing market.

It’s no secret that we have had it good for a long time. Interest rates through the pandemic have been at an all-time low. In fact, many argue that they have been so good that it’s been too much of a good thing. We all know too much of a good thing has bad consequences!

Many experts have said that because interest rates have been so low, it has caused the instability that we have endured this year with nine consecutive rises.

So how is this good news for you?

Mortgage interest rates are falling and are set to fall further.

This small increase in the base interest rate should not affect your mortgage interest rate. In fact, interest rates for mortgages are steadily falling, with some experts predicting that five-year fixed-rate mortgage interest rates will gradually decrease in 2023, before settling below 4%. So don't worry about higher base rate interest rates, they do not always directly affect your mortgage interest rate.

Stability  

The base rate set by the Bank of England has peaked for this year. Therefore, 2023 should offer much more stability, certainly for the first quarter. This will mean a more stable housing market, which means buyers and sellers can remain confident about making their moves. It should also mean that the 2023 housing market will get off to a good start!

Confidence  

As mortgage markets rebalance, property markets stabilise instead of enduring instability. More realistic and stable interest rates returning to the levels of pre-pandemic norms encourage long-term confidence and investment. That means you can move and invest, taking the long-term view that there will be fewer bumps in the road.

Demand is still strong

Forgetting the world’s current obsession with interest rates, perhaps it’s easy to overlook the obvious. The demand for property is still relatively high compared to the shortage in supply. You don’t need to be an economist to know that this will keep house prices healthy!

The future is looking good

With strong demand, stability, and confidence all looking promising, now is a great time to start putting your future property plans into action.

Demand for rented accommodation is still growing and is likely to continue that way, offering very healthy investment opportunities, even if there are more challenging times ahead.

Even if house prices fall in the next 1-2 years, over the next five years, many expect house prices to gradually and steadily grow.

Putting the onus on quality and a healthy, long-term, and sustainable investment is the way of the future. Making houses and rented accommodations more desirable means improving the quality of life, instead of making a quick profit.

Are you looking to move home, make your first step on the property ladder, or want to invest in a great buy-to-let opportunity? Contact us today.