Downsizing is no longer something that you do when you pay off your mortgage and your family has all grown up and fled the nest! Young people are also downsizing, and it has become a bit of a trend, helped in no small part by the cost-of-living crisis and the rapid growth of property prices in recent years. This is helping to keep smaller house prices strong because, while larger homes are desirable, they are not in demand quite as much. But it’s not all about numbers—people are downsizing for a host of reasons, so what are they?

Liberating your life
Downsizing can be a liberating experience. You get to move to a more compact home, and because of this, you need to declutter. It’s a bit like giving your life a good spring cleaning. Finally, you can say goodbye to all those belongings that you no longer need or want. You have probably forgotten why you bought some of these things in the first place! On the other hand, you will want to keep other, more sentimental items and the things that still mean something to you or are at the very least useful. This helps refocus your life and allows you to concentrate on what’s important.

What’s important to you?
If you have retired and you want to enjoy your life, then releasing the equity in your home by selling up and moving to something smaller makes a lot of sense. You can’t take it with you! Having worked hard most of your life, you want to live it to the fullest. This principle applies to the younger demographic too. Many people view life a little differently than in the past and place a lot of emphasis on the adventure of life. Travelling, holidays, socialising, and hobbies are as important as paying a mortgage.

Easy living
Less cleaning, maintenance, and effort required to keep your home in order is a tempting prospect for many. Decorating your home is easier, and perhaps an emphasis on quality in place of size sways some home movers to enjoy more compact spaces that are accessorised to the standards they desire.

Lower living costs
When all is said and done, the fact remains that smaller homes tend to cost less to run. Cheaper energy bills will save you money, and you will most likely pay less in council tax. Your mortgage payments could also be lower. If you are downsizing from a bigger property and have good levels of equity in your current home, you could become mortgage-free or reduce its term significantly.

It’s important to plan
Careful planning is a good idea. You may need to change your furniture, and saying goodbye to certain items can be emotional. Consider all aspects of your new life. From family visits to spare rooms to space for your hobbies. A good tip is to use your floor plan to work out what is going where in as much detail as possible. Then enjoy your new life with a little more money and time to concentrate on your newfound freedom!

Are you interested in downsizing or moving to a bigger property? Get in touch today.

 

Average house prices in the UK have since the pandemic risen by £42,000.* The value of your home has increased rapidly in recent years, and this puts you in a great place even if there has been a bit of a slowdown, but then you could be forgiven for asking: What slowdown? House prices are stable and, at times, increasing, and to gauge the market by the unpresented growth in the past few years is a little unfair. Nonetheless, most of the value gained, or in some cases, the continued increase in value still exists as equity in your home. Even if you have lost a little value, you are still in a good place. A little bit of market cooling leaves more scope for getting your hands on the keys to a better home with a bigger discount without the frantic price bidding of past years.

The home improvement boom
It’s no secret that many homes had thousands spent on them during the pandemic. Many people, due to travel restrictions, chose to spend money on their homes instead of holidays. As a result, many homes are now in beautiful condition. Freshly decorated with external and internal renovations, resulting in homes with great work-from-home spaces and outdoor living areas that are ready and waiting to be lived in. This really does make a huge difference in the quality of your home and work-life balance. Homes with kitchens that inspire you, gardens that take your breath away, and bathrooms boasting cutting-edge design.

More mortgage choice
Mortgage choice is returning to the market, with thousands of options now available. So in essence, you will have a lot of decisions to make when it comes to what home you want and what mortgage you require. In many ways, all of this makes the prospect of moving very interesting compared with past years. Some home buyers are choosing to take interest-only mortgages, knowing they can overpay their mortgages, which releases some of the pressure on financial commitments.

Interest rates
Mortgage interest rates are falling, and the recent announcement of the IMF (International Monetary Fund) suggests that interest rates could return to pre-pandemic levels. ** The suggestion is that the high interest rates that many of us are paying at the moment are not a long-term deal. It could be the case, and it’s accepted by many analysts, that in the not-too-distant future, we will be paying less for our mortgages.

A bigger selection of homes
Compared to last year, the stock of homes for sale in the UK has been boosted by 60%.* The spring market is rapidly becoming the summer market. And perhaps the enticing thought of moving to a perfect home in time for summer is too much to resist for some home movers. As home movers take the plunge, they put their homes on the market, adding to the splendid choice for you to explore. The market is in a better place than last year in many ways, but at last you can enjoy it without being flustered by a frantic rush to get your hands on the home you truly love.

Live the life you deserve by finding the home you love living in! Start your search now and browse our properties.

Zoopla*
IMF BLOG**

 

Buying a new build is becoming more appealing for many home buyers. While you may prefer the charm and character of older properties, many new builds seem to offer much more personality than in past years. Making your decision is not quite as straight-forward as it once was! There are many good reasons for choosing a new build home, so what are they?

Guarantees
Most new builds are sold with warranties of up to ten years. This protects you against any nasty surprises and unexpected costs. You certainly will not have to worry about plumbing or rewiring issues. Not to mention the stairs or reskimming walls compared with redecorating an older property.

Lower maintenance costs
Even after a few years of living in your new home, chances are you will not have anything to repair or maintain. Insulation, upgrading the boiler, even if you are contemplating fitting solar panels, you might find that these could be fitted before you move in. In the garden, you will only ever need to add to what is most likely quite basic; compare this to landscaping or the removal of an old patio or decking, and already you have saved significantly in costs.

Design it to your specifications
Often, new build homes are not built before you move in! This means you can decide on things like kitchen design, tiling and colour schemes for the bathroom, and the locations of sockets. You will most likely get options for landscaping the garden too.

Energy efficiency
Most new builds have good EPC (Energy Performance Certificate) ratings of A and B, making your monthly energy bills cheaper than those of some older homes, which achieve less energy efficiency. That’s not to say you can’t find an older home with a good rating, and energy consumption will also depend heavily on the energy ratings of your appliances.

The appeal of a brand-new home
A bit like buying a new car, for some people, owning a home that nobody else has lived in is an appealing prospect. You will be the first to enjoy everything that is brand new, from floor to ceiling, not to mention the new kitchen and bathroom. This will make it feel a bit more exclusive, but on the other hand, often new builds are part of larger developments and are quite similar even if created to your own specifications.

No chain
Another big advantage of buying a new build is that it's chain-free. That means you could spend less time waiting to move in, provided you have the financing in place. That said, there is no guarantee that this will be a faster process. It largely depends on how quickly your new home is built. And that depends on how soon you purchase it!

With no resident seller, rely on your agent
A good move to make for added peace of mind is to buy through a trusted agent. The home-moving process can be stressful, and with no resident seller, you want to rely on an established and experienced team you can trust.

Are you thinking more and more about buying a new build? Get in touch to see how we can help.

 

Homes for first-time buyers, typically with two bedrooms, are selling exceptionally well right now. In March 2023, they were just 4% down on 2019, and average asking prices for the same period were down by just £500.*

The market for larger homes is a little slower, with sales agreed in March being 10% down on 2019 and second-stepper homes being 13% down.* This tells us that the market is in pretty good shape overall, but what is more obvious is that now is a great time to ascend the property ladder.

If you own a home that is suitable for first-time buyers, with two bedrooms or along the lines of a compact starter home, you will get a great price, and with larger homes selling a little lower than current asking prices, you are likely to get an offer accepted that will save you a bit of money.

Why is your starter home in such high demand?
There are many reasons why demand for smaller, more compact homes is high right now. There is the price of energy and the cost-of-living crisis. First-time buyers are looking to get on the ladder before the mortgage guarantee scheme, which makes it possible for first-time buyers to buy with a 5% deposit and is due to end in December this year. It stands to reason that smaller homes are cheaper to run, with less council tax and less maintenance, although this is not always the case. And with people downsizing to smaller homes, chances are that if you want to sell up, it will not take long before you are on the move.

How can you get more house per property pound if you buy bigger?
The short answer is that smaller homes are selling more quickly than larger homes, so the price of smaller homes is stronger, leading to less scope for negotiation. With asking prices for larger homes not quite as strong as those for smaller homes, you are essentially getting more house for your money. It stands to reason that if you find a bigger home and it’s taking a little longer to sell, and with asking prices achieved at a lower rate than those of smaller homes, you already have one foot in the front door. Bring your haggling hat; there is nothing more annoying than ridiculously low offers that will only get rejected. But there is more scope for a reasonable amount of manoeuvring on price.

The market will bounce back, and that bigger house may become out of reach!
Many analysts expect house prices to rise quite steadily in 2024. In March, average property prices rose by 0.8%.* This could be a sign that buyers now realise that now is a good time to move, and it is a sure sign that the market is healthy and stable. Without a crystal ball, the future is impossible to predict, but you might find that in the near future, larger homes will become out of reach as prices start to ascend more rapidly.

Interest rates
It’s no secret that interest rates are on people's minds right now. However, with the recent announcement of the IMF (International Monetary Fund), which predicts interest rates to fall back to pre-pandemic levels. Mortgage interest rates are on the way down, and with many analysts suggesting that they may return to much lower rates, when buying a home, you could consider higher interest rates to be temporary.

Conclusion
Perhaps the best thing to do is to check out the market and see what you can find. The joy of property hunting is that you never know what you might find. There are no fixed rules, but you might be surprised at what you could achieve.

Looking for a bigger home? Looking for a more energy-efficient home? Looking to sell your home? Get in touch, whatever your property needs are!

Rightmove*

 

 

 

 

 

In September this year, the number of buyers returning to the UK property market increased by 12% compared with August.* Whether you are wishing for snow this Christmas or a new home, the good news is that more buyers are returning to the UK property market. So, if you are thinking of moving, now is the time to start your search as more properties appear on the market.

The snowball effect creates more sellers
As more buyers get on the move, they bring with them a choice of interesting properties to the market. Many homeowners are downsizing as their families have flocked the nest. Some younger buyers, having stayed at home to save a deposit, have now moved out and bought their first properties. Finally, Mum and Dad have their chance to downsize or use some equity to buy a holiday home. This gives you the chance to find a property with a bit more room. More and more homes appear on the market as home movers exchange contracts.

Home movers are acclimatising to the new normal level of interest rates
Interest rates in the past have been far higher than those of today. And it’s no secret that in recent years we have been spoiled with super low rates. Buyers are now realising that rates today still represent a good deal. Affordability levels are still good. As home movers and households adjust and accept that their mortgage costs are a bit higher, many are choosing to carry on with their home moving plans.

Christmas home-moving flurry
Being in a new home in time for Christmas is a very appealing idea, and many movers are already well into their home-moving journey. More bedrooms for your growing family or a place for everyone to sit at the table in a larger dining room. A magical winter garden tastefully embellished for the holiday season or just because you finally create your vision of an awesome outdoor space. There are so many great reasons to move.

A better year
You may be moving because you want a better work-from-home space, or your motives are based on a new location for work or to live closer to your family. And getting it done in time to start the new year is arguably better than rushing around in time for Christmas. Starting the new year in a new property is like making a fresh start. And the impact the right home can have on your sensory and emotional well-being is extraordinary. Feeling like you are revitalised for all that the year brings in a happier home is a great way to live.

Navigating the property market
In a fragmented and increasingly complex property market, it’s vital that you find the right agent who truly understands your property’s market. Fluctuating prices and an air of insecurity are still in the minds of some homeowners, thanks to so many negative news stories that often overlook the positive aspects of today's market. The reality is that each home-moving story is unique. Agents' databases are filled with individuals who have a specific vision for where they want to live. Your home may be central to this. With an overall shortage of properties relative to high demand, pricing your property accurately has never been more critical.

Book your expert face-to-face valuation today.

 

In September this year, the number of buyers returning to the UK property market increased by 12% compared with August.* Whether you are wishing for snow this Christmas or a new home, the good news is that more buyers are returning to the UK property market. So, if you are thinking of moving, now is the time to start your search as more properties appear on the market.

The snowball effect creates more sellers
As more buyers get on the move, they bring with them a choice of interesting properties to the market. Many homeowners are downsizing as their families have flocked the nest. Some younger buyers, having stayed at home to save a deposit, have now moved out and bought their first properties. Finally, Mum and Dad have their chance to downsize or use some equity to buy a holiday home. This gives you the chance to find a property with a bit more room. More and more homes appear on the market as home movers exchange contracts.

Home movers are acclimatising to the new normal level of interest rates
Interest rates in the past have been far higher than those of today. And it’s no secret that in recent years we have been spoiled with super low rates. Buyers are now realising that rates today still represent a good deal. Affordability levels are still good. As home movers and households adjust and accept that their mortgage costs are a bit higher, many are choosing to carry on with their home moving plans.

Christmas home-moving flurry
Being in a new home in time for Christmas is a very appealing idea, and many movers are already well into their home-moving journey. More bedrooms for your growing family or a place for everyone to sit at the table in a larger dining room. A magical winter garden tastefully embellished for the holiday season or just because you finally create your vision of an awesome outdoor space. There are so many great reasons to move.

A better year
You may be moving because you want a better work-from-home space, or your motives are based on a new location for work or to live closer to your family. And getting it done in time to start the new year is arguably better than rushing around in time for Christmas. Starting the new year in a new property is like making a fresh start. And the impact the right home can have on your sensory and emotional well-being is extraordinary. Feeling like you are revitalised for all that the year brings in a happier home is a great way to live.

Navigating the property market
In a fragmented and increasingly complex property market, it’s vital that you find the right agent who truly understands your property’s market. Fluctuating prices and an air of insecurity are still in the minds of some homeowners, thanks to so many negative news stories that often overlook the positive aspects of today's market. The reality is that each home-moving story is unique. Agents' databases are filled with individuals who have a specific vision for where they want to live. Your home may be central to this. With an overall shortage of properties relative to high demand, pricing your property accurately has never been more critical.

Book your expert face-to-face valuation today.

 

In September this year, the number of buyers returning to the UK property market increased by 12% compared with August.* Whether you are wishing for snow this Christmas or a new home, the good news is that more buyers are returning to the UK property market. So, if you are thinking of moving, now is the time to start your search as more properties appear on the market.

The snowball effect creates more sellers
As more buyers get on the move, they bring with them a choice of interesting properties to the market. Many homeowners are downsizing as their families have flocked the nest. Some younger buyers, having stayed at home to save a deposit, have now moved out and bought their first properties. Finally, Mum and Dad have their chance to downsize or use some equity to buy a holiday home. This gives you the chance to find a property with a bit more room. More and more homes appear on the market as home movers exchange contracts.

Home movers are acclimatising to the new normal level of interest rates
Interest rates in the past have been far higher than those of today. And it’s no secret that in recent years we have been spoiled with super low rates. Buyers are now realising that rates today still represent a good deal. Affordability levels are still good. As home movers and households adjust and accept that their mortgage costs are a bit higher, many are choosing to carry on with their home moving plans.

Christmas home-moving flurry
Being in a new home in time for Christmas is a very appealing idea, and many movers are already well into their home-moving journey. More bedrooms for your growing family or a place for everyone to sit at the table in a larger dining room. A magical winter garden tastefully embellished for the holiday season or just because you finally create your vision of an awesome outdoor space. There are so many great reasons to move.

A better year
You may be moving because you want a better work-from-home space, or your motives are based on a new location for work or to live closer to your family. And getting it done in time to start the new year is arguably better than rushing around in time for Christmas. Starting the new year in a new property is like making a fresh start. And the impact the right home can have on your sensory and emotional well-being is extraordinary. Feeling like you are revitalised for all that the year brings in a happier home is a great way to live.

Navigating the property market
In a fragmented and increasingly complex property market, it’s vital that you find the right agent who truly understands your property’s market. Fluctuating prices and an air of insecurity are still in the minds of some homeowners, thanks to so many negative news stories that often overlook the positive aspects of today's market. The reality is that each home-moving story is unique. Agents' databases are filled with individuals who have a specific vision for where they want to live. Your home may be central to this. With an overall shortage of properties relative to high demand, pricing your property accurately has never been more critical.

Book your expert face-to-face valuation today.

Perhaps it’s been a while since you moved, or you are a first-time buyer. Whatever situation you are in, if you are applying for a mortgage, you want to get your mortgage sorted so you can breathe a sigh of satisfaction, knowing that a major hurdle to home-buying has been cleared.

Take a look at your credit report
Having a good credit score is key to getting a mortgage. Make sure you are on the voting register. You may have a perfect credit history, but without it, you will fail. On that subject, make sure you pay any credit agreements you have on time. If there are some you can clear, perhaps this will increase your levels of affordability. Any credit cards that you don’t use could affect the amount you could borrow, so if you don’t need them and you have more than one, think about cancelling them.

The bigger your deposit, the better
Perhaps you are already living at home with parents or a relative and saving rapidly. It may not be ideal right now, but a bigger deposit will not only increase your chances of success but also reduce your monthly repayments. Then, when you finally get the keys to your very own home, your newfound freedom will feel even better.

Buy with your friend, partner, or family

Buying with your partner is an obvious choice for many, and moving to your own place is exciting as you furnish it and decorate it to the tastes of whoever has the final word! If you are not ready for such levels of commitment, then why not buy with a friend? Some lenders will allow you to buy with up to four people. Maybe you could pitch the idea to your parents as a property investment for them and move out more quickly!

Don’t change your job too often
If you are thinking of applying for a mortgage in the near future, changing your job is not a definite guarantee that you will not be successful. Having said that, your lender is looking for consistency. They want to see that you have been in employment for a decent amount of time, usually about three years, depending on the lender.

Get in touch with a mortgage advisor
A good mortgage advisor is worth every penny. Experts in understanding the market, they will have lots of tips and access to ways of buying your home. From improving your credit score to finding a tailored solution from the thousands of products that are available. If you are happy with your existing mortgage deal, you may decide to port your mortgage, which allows you to move with your existing mortgage. There are interest-only options for lower payments, guarantor mortgages, flexible mortgages so you can overpay or underpay, and buy-to-let options for investors. Offset mortgages allow you to link your savings to your mortgage by offsetting the value of your savings against the value of your mortgage amount. The right mortgage advisor can make a big difference in helping you get the keys to the home you want.

 

Your perfect is different from that of the next person. So how you prepare for the Christmas holidays is your call, but there is nothing like mixing a bit of tradition with some fresh ideas to keep Christmas feeling as festive as possible.

Christmas greetings
Are you up for going all out and adorning the front of your home with an intricate arrangement of lights that can be seen from the stratosphere, or do you prefer to decorate with an air of subtlety? Whatever you decide, create that gushy feeling that makes passersby and guests feel welcome. It’s all about doing it your own way, choose a ribbon, a wreath or a singing snowman, let your imagination do all of the hard work for you.

Stock your cupboards
Christmas is an expensive time of year. Start stocking your cupboards now with items that have a long best-before date. Maybe you have already made your Christmas cake or ordered your pudding. Planning ahead can make for a more delicious Christmas. Making edible decorations like chocolate reindeer also helps! But you could always grace your front room with mince pies, garnish them with a bit of holly, and suddenly they too become edible decorations.

Add some authenticity
Maybe you would prefer to just blow up some balloons, or you are going to go for it by creating your own grotto out of wood. Somewhere in between is a good place to start. A bowl full of chestnuts, or get crafty and make your own baubles. If you need guidance, buy a DIY kit.

The scent of Christmas
With the aroma of great food mingled with the pines of a real Christmas tree and maybe a good punch—the scents of Christmas are everywhere. But if you want to enhance this and stretch it out in the buildup to the holidays, think about scented candles, scented sachets of soap, fragrance oils, or even infusing your bathroom with herbs!

The sounds of Christmas
Christmas songs are sometimes sources of contention. Some people love them, others do not! But there are other ways to add atmosphere to your home without involving carol singers. Talking reindeer or snowmen, will help create an atmosphere of magical Christmas memories, for all the family.

A wonderful outdoor area
A miniature Christmas tree placed near your outdoor dining area within reach of a characterful outdoor stove and nice lighting could even warm Scrooge this Christmas. Add a festive theme with holly placed under the pagoda or use it to simply complement outdoor candles. Hang nice LED lighting in case you love carol singers and want an exclusive performance from the comfort of your outdoor living area, with a nice glass of good punch.

 

Celebrate the past, but don’t dwell on it
Saying goodbye is important, and how you choose to do it is up to you. Maybe you are emotionally detached, and a simple walk around your home as you close the door for the final time will suffice. On the other hand, you may want to build up to this process over time, saying goodbye over a period of weeks. Savouring so many nice memories is important, but there will also be a big part of you that can’t wait to move. Especially if you are moving to a bigger and better home.

Keep yourself busy
This is the secret to moving on with most things in life, and moving home is no different. Write an action plan for moving. Break it down into categories. Include everything from moving day to things to do in your new home. Bring the vision of your new life to reality by starting new traditions. Think about the details of how you can make your new home the best version of itself while getting to know your home's new location. Begin the de-cluttering process of your current home now; it will reduce your stress levels significantly.

Accept that change is good
The ability to change is hard-wired into most of us and a natural part of life, so you will be more adept at coping with it than you realise. Embrace the exciting emotions that a new home brings by looking forward to the great memories you will make in the future. Your home will inspire so many positive feelings, from how it makes you feel to its improved energy efficiency or location. Look forward to your first sleep in your new home and allow the vision of your new outdoor space, bedrooms, or kitchen to take over.

Remember, your agent is human
Good estate agents help you understand the buying process. This makes your entire moving journey less hassle, so you can plan each step. Because of this, your friendly estate agent can be a great source of emotional support. Putting your mind at rest with a thorough understanding of your big move. And connecting you with good mortgage advisors and conveyancers, guiding you on asking and selling prices and preparing your home for sale, your estate agent is your rock when moving.

Conclusion
In today’s world, with increasing automation and the advent of artificial intelligence and online-only agents, it’s easy to forget the importance of the human element, which offers so much support. Moving home does not have to be complicated, even if we humans are!
Are you looking forward to saying hello to a new home? Get in touch today.

The longer, lighter, and warmer days of spring are perfect for preparing your home for summer. Whether you are moving, improving, or want to make the most of your home, there are lots of things you can do that, more often than not, add value to your home. With a 22%* uplift in the number of homes listed for sale compared to the beginning of last year, the market is moving to sunnier climbs.

 

Have a good spring clean

A great place to start and perhaps not the most exciting aspect of preparing your home for summer, a good deep clean is well worth the effort. De-cluttering will allow you to take in your home’s features and spaces, which may help inspire a few changes. Cleaning your home allows you to reconnect with it. As you store away accumulated unnecessary items, clean out closets, and dust those hard-to-reach places, you will more easily discover any blemishes or maintenance issues that need attention. If you don’t have hired help or loved ones to help you, play some tunes to energise you.

 

Take some pictures

Your phone is perfect for creating a to-do list. Take pictures of all those little issues that need addressing. Start at the front, then work your way around every room in the house to the garden. Add notes or record ideas you may have. For example, is the guttering in need of cleaning? Does the front of your home need painting? Are there scuff marks or patches of paintwork that need touching up? From grouting in your bathroom to weeds sneaking up between the patio, leave no stone uncovered. If your home looks a picture, it will be a nicer place to live and more appealing to buyers.

 

Improve your home’s outdoor spaces 

Whether you are adding a hot tub, a heated pool, a play area for the dogs, or simply painting the shed to make it look a few years younger, your garden and outdoor areas take centre stage during the summer. Adding new plants and making space for daffodils, cleaning the barbecue, or weeding will add vibrancy to your garden. If you are starting from scratch or making small improvements, defining your seating, dining, working, and entertaining areas will have a big impact. With wooden decking, stones, free-standing structures, grass, trees, and an eternal array of ideas, deciding what to do can be the hardest part.

Swap out winter themes for summer 

It’s unlikely you'll need the fire during the summer months, although the UK weather is uncertain. Instead of logs, add flowers to your hearth. Swap brightly coloured throws to replace wintry themes. Allow more sunlight to enter your rooms by replacing curtains and keep cool with thermal blinds. Rearranging your furniture and perhaps scaling back a bit will create more space. Bring the scent of summer to your home with candles, herbs, and plants. Adorning your hallway with seasonal flowers will set the tone from the moment you enter your home, and planting pots at the front will give you a summery welcome.

 

Capture the essence of summer  

Think about cooling and ventilation. Is it worth installing air conditioning or adding fans? Create spaces that capture those magical moments of summer. Strategically place your furniture outside and inside to capture the sunset and a special place in the shade for when it becomes too hot. Eggshell chairs and hammocks are ideal for this. Decide where you are putting the ice bucket, designate a place for sun cream, plan your barbeque area, and wash any soft furnishings for outdoor dining or sunbathing. Make your own outdoor pizza oven, build a bar, or hire a landscape gardener and start building the dream from scratch.

 

 

 

A better home could be around the corner so book a valuation today

 

Zoopla*

 

When it’s time to move on, it pays to be an early bird. So, where do you start? Let’s take a look at a few tips to help you on your way.

Start your search
Finding a letting agent is a good first step. They will be able to advise you on the entire process and keep you on the right path. Finding the right property can be a swift process or may take longer than anticipated. But, when you do find the right place, you will have the option of putting down a holding deposit. This is usually one week's rent and is refundable, and will help you make your move seamless and ensure you get the property you want.

Book some viewings
Getting out and seeing potential properties is important. It’s tempting to rush this process but when you're emailed a potential property, it’s a good idea to be ready to view it. On the other hand, you may decide to clear your calendar to book multiple viewings. Some homes will surpass expectations, while others may not. Calculating potential bills can create some pleasant surprises in more energy-efficient homes, so it is worthwhile checking the energy rating of your potential property.

Moving out and moving in
Communication and planning are key to a smooth move. Setting a moving-out date for your old place and a moving-in date for your new home on the same day is important. You don’t want to leave things to chance. Pin each party down to exact dates and times, then prepare your belongings and organise removal firms or ask your friends to help. Don’t forget to update your new address for the electoral register, your bank, and the DVLA. Then, inform your energy suppliers and take meter readings of what will become your previous address, and any other parties that need to know you are moving.

Checking the inventory
You should do this whether you are moving out or moving in. Paying attention to this process will help you get your deposit returned at the end of your tenancy. Don’t be afraid to be thorough. The inventory will give details on the condition of everything, from walls and ceilings to appliances. You will want to get your entire deposit back so cleaning your old home and leaving it as you found it is important. But, it is also important to check your new property as soon as you move in.

Using an agent makes the paperwork so much easier
The beauty of using an agent is that they can take care of your deposit, reference checks, and give you a clear understanding of your tenancy agreement. You don’t need an agent to place your deposit in a deposit protection scheme; however, having someone to guide you helps make the process more straightforward. Fully managed properties benefit from 24-hour maintenance support should any issues arise. A good lettings team is always easy to get in touch with to guide you before, after, and during your tenancy to help you in any way they can.

Make your new place your own
With a good letting agent on your side, you can concentrate on enjoying your new home. Adding the little details that make a home your own makes a big difference and you may decide to decorate. If you are organised and well ahead of time you can plan your new layout and discuss any plans you have for decorating with your agent before you move in. After you have handed back the keys to your old home and got your new keys, you know because you have used an agent that the property is compliant. When all the necessary paperwork is in order, your home is decorated nicely, and you know you are supported by your agent, you can relax and make the most of your new life.

 

Are you looking for a fresh start? Contact us today

 

The spring 2024 market is running serenely and more smoothly than this time last year, thanks to a more stable market. So, if you decide to move, the question has to be asked; Could it be your easiest move ever?

Homemovers are moving the market forwards
This time of year is always busy and 2024 is not disappointing. In fact, the UK property market is moving forward at a better pace than many anticipated. It’s a case of the more, the merrier. When buyers find a new home for sale that they like, it’s another transaction to add to the tally and when their old home is bought by another buyer, this multiplier effect carries on right down the chain. This drives the entire market forward, bringing more buyers to your door and more choices of homes to your inbox.

The market has a lot going for it
You could be forgiven for missing the many opportunities that 2024 has to offer homemovers, thanks to the naysayers in the press and social media. But the facts speak for themselves: stamp duty is favourable at 0% for your first £250,000.* Mortgage rates are improving and, in a historical context, are very favourable, and equity levels are strong, yet house prices are at reasonable and affordable levels. Then there is the standard of properties themselves, which have received a lot of love and attention due to the home improvement frenzy that still continues.

Sales agreed are increasing
In March, sales agreed were 13% higher than the previous year.** Homes are appearing on the market well-prepared by their eager-to-move owners. Gleaning lots of tips and hints on preparing their homes for sale and benefiting from years of hard work and renovations, as well as paying off the mortgage as the value of their properties increases, means equity levels are good. It’s perfect moving weather for packing up and making a fresh start and this is also true when you are viewing properties.

Buyer demand is growing ever stronger
In March, buyer demand was 8% above the same time last year,** due to slowing inflation, and increasing wage levels. The UK property market is a rich and textured place. Demand is increasing on all fronts, from first-time buyers taking advantage of up to 0% stamp duty up to £425,000,* and the 5% deposit Mortgage Guarantee Scheme to cash buyers, and home movers at the higher end of the market. Each property has its own personality yet can be adapted to suit yours. From stunning eco-homes to listed properties, homes often choose their owners.

Agents are making moving easier
The old saying that moving home is one of the most stressful things you can do is losing some of its street credit. Moving does not have to be stressful, but it can be, if the agent you choose is not up to scratch. Good agents attract good vendors, nice properties, offer great listings and can recommend other property professionals that will make the entire process run smoothly. Sometimes it’s being prepared for the unexpected. If a sale falls through, a good agent’s database of buyers will quickly get your sale moving again.

gov.UK*

Rightmove **

 

With many homeowners making the most of the equity they have in their homes to move to a better property, having good levels of equity in your home gives you more options. Even if you don’t have quite as much as you would like, it does not take a long time to build up. The first step to take if you want to find out what these options are is to calculate how much equity you have in your home.

What is equity?
Equity is the amount of your home that you own. It's not difficult to calculate, simply subtract the amount of debt you owe in mortgages or loans from the market value of your property.


Get an up-to-date valuation of your home
The more accurate your valuation, the better. So, use a good local agent, their instant online valuation tool will value your home in just a minute.

Find out how much you owe on your mortgage
Get in touch with your mortgage provider to find out exactly how much you owe. If you have borrowed for home improvements, get an up-to-date balance on these loans also.

Subtract your debts from your home’s value
For example, if your home is worth £375,000 and your outstanding mortgage balance is £180,000, you have equity of £195,000 in your home.

 

How to calculate this equity as a percentage?
To calculate equity as a percentage of your home’s value, simply divide equity by your home’s value and multiply by 100.

Using the figures above as an example:


In this case, the percentage equity is 52%.

 

As the year unfolds, the property market is continuing to surpass expectations. Instead of a great crash, we find ourselves in a bit of a sweet spot, as many home-movers stand to make a healthy profit on their current properties. But the even better news is that alongside this, you can enjoy reasonable pricing, opening the doors to a nicer home. According to Zoopla, 90% of homeowners who sold up in 2023 made a 25% profit, with the average seller of a £275,000 property making £74,000.* In March 2024, average asking prices increased by 0.8% compared with the same time last year, and by 1.5% in the space of a month.** That means your deposit for your next home is sitting within your current address. Depending on your current and new home’s location, you could make substantially more than the average. We have all heard it before – ‘if house prices go up, it’s not necessarily a good thing because you have to buy another one’. The slowdown in house price increases in 2023 means that this year, homes are more affordable. So, you have great equity to use to buy your next home, an additional home, or to make home improvements. But, if you do decide to move, you can buy at reasonable prices. This puts homes that may have been previously out of reach within your grasp.

Interest rates are set at realistic levels
Yes, interest rates are a bit higher than in previous years, but this has helped balance the market, reducing competition for property to more normal levels. Super-low interest rates can lead to an overheating of the market, causing house prices to rise too rapidly. Many home-movers are becoming increasingly aware that mortgage rates are going to hover at the current, more realistic levels, which represent good value. If they fall a bit, house prices are likely to rise more rapidly.

It's not about making a profit, it’s about realising your dreams
Making gains on your property is a fantastic feeling but for most people, it’s not about the numbers and more about enjoying a better home. Making a healthy profit on your current home helps you move to a better property. Whether you are buying a two-bedroom country cottage or an eight-bedroom Victorian townhouse with a gym, study, and sauna, it's getting what you want that feels amazing.

Zoopla*
Rightmove**

If you’re looking to get on the property ladder, 2025 could be the perfect time to do exactly that. With a balanced, stable market offering exciting opportunities for first-time buyers, all you need is the help of a reputable estate agent to find your perfect property. Let’s take a look at why the market looks to be heading in the right direction for first-time buyers.

The market is balanced

One of the best reasons to step onto the property ladder in 2025 is that levels of supply and demand are becoming increasingly balanced. With the number of homes for sale hitting a seven-year high in August 2024*, buyers have much more choice, and market activity is very strong.

Mortgage rates are trending downward

Mortgage rates have been hovering around 4.5% for a 5-year fixed rate deal*, and there’s optimism that they will continue to stabilise or even decrease in 2025. Historically, this tends to lead to an increase in buyer activity as homes become more affordable, particularly for first-time buyers.

House prices are increasing steadily

Unlike the overheated property market of recent years, 2024 has seen a steadier, more sustainable growth in house prices. The slow increase in house prices is expected to continue into 2025, which will benefit first-time buyers as affordability levels stay strong. This allows you to take your time searching for your perfect property without worrying about prices suddenly skyrocketing.

Consumer confidence is high

A healthy economy is key to a buoyant housing market, and the UK’s economic outlook for 2025 is looking positive. With average salaries rising, consumers are feeling increasingly positive about their financial situation, which is translating into a stronger housing market. With more people confident in making significant financial decisions like buying a home, 2025 is likely to see continued activity in the housing sector.

Labour plan to make changes

Following their election victory, Labour have pledged to introduce a permanent mortgage guarantee scheme and allow first-time buyers to buy homes before international investors. This should make it easier to access the property ladder, as it should improve both affordability and availability.

Also included in their manifesto was the ‘Warm Homes Plan’, which will provide grants and low-interest loans for energy-efficient features such as solar panels, insulation, and low-carbon heating to lower household bills.

We’re here to help

As a reputable estate agent, we can play a crucial role in helping first-time buyers navigate the 2025 housing market. By offering expert advice on competitive pricing, mortgage options, and local market conditions, we can help you capitalise on the balanced market conditions that are expected to continue into next year.

With mortgage rates stabilising and economic confidence on the rise, we can guide you through the mortgage pre-approval process and find properties that meet your budget and preferences.

 

Contact us today for help stepping onto the property ladder

Choosing your next property is a big decision, and you will have many questions during a viewing. These questions could be the answer to finding the right rental property, and they will help guide you during your search.

Do you like the location? 

Location is key when you are searching for your next home. Practical considerations such as your proximity to work, transport links, or excellent social amenities will help inform your decisions. But it’s also vital to ask yourself: What do you want from your next home's location? Is it important to be close to the countryside and vibrant towns and cities?

Is the kitchen in good order?

There's nothing wrong with running a tap to check the water pressure. How energy efficient are the appliances, and are they in good working order? Take a look at the cupboard spaces, as well as the condition of the walls. Check what is included as you would in any other room of the house.

Are the bedrooms right for your needs?

Are the bedrooms spacious enough for your needs? Is there scope to decorate? It’s important to define the boundaries here. If beds are included, you might want to inspect them thoroughly. It's also worth checking windows for drafts and areas around curtains for telltale signs of poor ventilation.

What should you look out for in the bathroom?

The bathroom's general cleanliness, from grouting between the tiles to the condition of the ceiling, is critical. Look carefully for evidence of mould. Extractor fans can be essential to keeping bathrooms in tip-top shape and can sometimes hide evidence of poor ventilation. That said, tenants should also play their part by opening windows regularly.

What does the property's exterior look like?

Whether you are renting a city apartment or a property in the suburbs, don’t neglect to take a thorough look around outside. Small and large outdoor spaces are equally important considerations. Do you have the time to maintain a large garden, or will it be maintained for you? Perhaps a characterful yet compact outdoor space that is perfect for winding down after a long day is exactly what you're looking for.

Final thoughts 

Take full advantage of your agent’s knowledge and expertise; that’s what they’re there for. Some properties benefit from round-the-clock maintenance support. Even without this in place, you will benefit from expert guidance when renting through a reputable agent. Renting this way will allow you to feel at ease and provide you with all the right information you need to make a confident choice.

 

Ready to take your next step? Book a viewing of your favourite properties today

 

Are you interested in speeding up your home’s sale while achieving a better selling price? Home staging could sell your home 3 times faster while adding 10% to its sale price.* There are many ways to move your home sale forward. Let's examine why home staging is a worthwhile endeavour, with a few tips to ensure its success. 

What is home staging? 

Home staging is all about presenting your home in its best possible light. This will attract more buyers and create those all-important excellent first impressions. Whether you hire a professional, consult your agent, or do it yourself, home staging makes each room of your home more desirable. Done correctly, photographs, 3D tours, and face-to-face viewings will create a real emotional connection with your potential buyers. 

How do I stage my home?

Decluttering rooms and arranging furniture in spacious layouts will allow your home’s rooms to appear fresh and clean. Refreshing the paintwork and repairing minor blemishes will help you achieve this. Once you complete these tasks, incorporate details like scented candles and flowers. Dressing bedrooms with crease-free linen and cushions, or the dining room with nice tableware, will set the scene. 

First impressions can be moving 

As soon as your potential buyers see your property, they start to make up their minds. Kerb appeal is vital, and creating this is relatively straight forward. A weed-free path, a well-presented front door, clean windows, neatly trimmed lawns, and tidy guttering are all cost-effective ways of helping buyers get that ‘love at first sight’ feeling. But don't stop there; create it as best you can throughout your home.

Flaunt your home’s features  

Following these tips allows your potential viewers to easily imagine living in your home. It’s important to make this happen effortlessly. Hiding your home’s features and asking your potential buyers to navigate their way through clutter or your personal belongings will not show your home in its best light. An attractive home attracts buyers, and if your home is ready to welcome new owners, it will reduce their stress levels. 

Low-cost with potentially high gains 

Home staging could achieve a staggering 586% ROI.** So spending a few hundred pounds on staging your home correctly could potentially lead to making thousands of pounds worth of gains. Spending a bit of time staging your home could more than likely reduce your selling time. So, the sooner you start, the better. A good first step is to create a to-do list that will break down the task of staging your home into manageable chunks.

 

Book a valuation and move forward with your move

Inheriting property can be both a blessing and a challenge. Whether it's a cherished family home or an unexpected asset, navigating the legal, financial, and emotional aspects requires careful consideration. Here’s a comprehensive guide to help you understand the essentials when inheriting property.

The probate process

Before inheriting a property, the deceased’s estate typically goes through probate. This legal process confirms the validity of the will and appoints an executor to distribute assets, including property.

Inheritance tax

In the UK, inheritance tax (IHT) may apply to estates above a certain threshold. It's crucial to determine if the property is subject to IHT and understand any reliefs or exemptions that may apply.

Title deeds and ownership

Upon inheritance, you’ll need to transfer the property’s ownership. This involves updating the title deeds with the Land Registry, which ensures legal ownership rights.

Mortgage and financial responsibilities

If the property has an outstanding mortgage, you’ll need to address repayment options. Seek advice on handling financial obligations related to the property.

Wills and intestacy 

Whether there’s a valid will or not affects how the property is inherited. Understanding intestacy rules is crucial if there’s no will.

Executor’s role

Executors have legal responsibilities to administer the estate, including the property. They ensure debts are settled, taxes paid, and assets distributed as per the will.

Property valuation

Obtaining a professional valuation helps assess the property's market worth. This informs decisions on selling, renting, or retaining the property.

Family discussions

Inherited property can stir emotions and family dynamics. Open communication and clarity on intentions can help mitigate potential conflicts.

Maintenance and insurance

Property upkeep and insurance are ongoing responsibilities. Ensure the property is adequately maintained and insured to protect its value.

Selling or renting

Decide whether to sell, rent out, or occupy the property. Each option has financial and personal implications, so consider your long-term goals.

Seek professional advice

Navigating inherited property involves legal, financial, and personal considerations. Consulting with legal and financial professionals ensures you make informed decisions tailored to your circumstances.

For more advice, contact our expert team today