The property market always has a good deal for everyone, and right now, this has never been truer. The news tends to paint a bleak picture; however, on closer examination, it’s clear to see that the moving market is well balanced. If you are selling, buying, or both, then you are sure to find what you are looking for at the right price.

If you are selling
The property market is still benefiting from the rapid growth in prices over the past few years. With UK house prices rising on average by 3% in the year to May 2023, there is no doubt that things have returned to a healthier state.* Steady, solid growth creates confidence and stability. This means if you are selling, you are going to get a good price for your home, and if you move, you most likely have great levels of equity.

Buyer demand
Demand from buyers is up by 14% compared to 2019 and is 42% lower than a year ago.* It’s completely unfair and unrealistic to get downhearted by comparing today’s figures with those of last year. This was an exceptional year due to the hyperinflated market caused by COVID and other factors. The figure to concentrate on is that of 2019, which was a more realistic market, and with the increase in demand this year, you will sell your home quickly.

If you are buying
The property market is not exclusively a buyer’s market, as perhaps it has been in past years. But there is definitely a lot of scope for haggling, making an offer, or getting a good deal. Whatever your preferred term for saving money is, the trick is not to overdo it. You don’t want to miss out on the home you love by making too low an offer. This is where a good estate agent can help guide you through what can be a nerve-racking time.

A friendly face
Moving home is becoming more of a seamless experience. But having the right agent helps with this process. There is no substitute for a living, breathing person who spends day in and day out dealing with virtually all that is property related. Estate agents tend to know what is going on in your local market, can answer all your burning questions, put you in touch with anyone else you may need, and often have a list of buyers ready and waiting. Buying a home is an emotional experience, and when you are making big life-changing decisions, you don’t want to deal with a robot!

Beautiful buying weather
This time of year is perfect for moving. The birds are singing in the trees; it’s warm, and the prospect of being moved in time to enjoy the summer tempts many home movers into selling and buying. As a result, prices stay buoyant, and the choice of property flourishes. It’s a busy time of year, which adds vibrancy to an already good market.

Happy homes
Many homeowners keep their homes in tip-top shape during the summer. The result is that homes become happier places. Whether you are relocating to the countryside or to a new street, this time of year lends itself well to making some everlasting memories.

Browse our properties to take a glimpse inside your future happy home.

Zoopla*

 

This time of year is perfect for unwinding in the garden. So many people like to make the most of their outdoor living spaces by sharing them with their friends and family. Having a few extra guests around to make it more of a social occasion is always a good idea. But don’t forget to invite a bit of wildlife, which adds a touch of magic to your garden during these wonderful summer months.

Pick the right flowers
Flowers produce pollen for the birds, bees, and butterflies, which adds an orchestral soundtrack to your garden. Birds and butterflies are a spectacular sight to behold as you unwind in the garden with loved ones after a hard day’s work. And thanks to their hard work, the birds, butterflies and bees encourage more flowers to grow in your garden as they fulfil their role of fertilisation. Choose the flowers you love, adding the colours that make you happy, then let nature take its course.

Trees and shrubs
Whether bushes, hedges, trees, or shrubs are your thing, again, grow whatever you are most passionate about. Each will provide a great home for various forms of wildlife, from birds to insects. Growing a good amount of these things will create a better visual appeal for your garden and give the wildlife more choice when it comes to finding their nesting place of choice.

Build a pond
Building a pond can be great fun and is a relatively inexpensive way to add a whole new dimension to your garden. Buy a prefabricated pond and put it in the ground, or use a liner; either way, you are in for a little digging. All the hard work is worth it though, if you do it yourself. You will be able to sit back and drink your morning coffee while watching the birds, possibly even a toad, wash themselves before singing their morning songs. A good tip is to build a sloping side, almost like a beach, so that wildlife can get in and out of your pond. Perhaps fish are more your thing; either way, add some flowers to your pond, such as waterlilies, and watch them blossom.

Grow a meadow
Scatter flower seeds and create a meadow. Don’t worry if you don’t have the space to do this; you could grow small areas of long grass. These will also add to the visual appeal of your garden. Making it unique and different. This can encourage voles and caterpillars, and wildflowers have a unique beauty that is another feast for your eyes.

Create a rock garden
If you have areas in your garden that have poor soil quality, rock gardens are an ideal solution and don’t cost a lot to build. In fact, you may be able to build it for free. Build it next to your pond or wherever you feel it makes the biggest impact, and you will encourage pollinators and other forms of wildlife to thrive.

Added value to your home
While having more wildlife in your garden will not directly add value to your home it will enrich your garden, making it more attractive. This will add value to your home, and a well-presented garden with various features, flowers, trees, and shrubs will be far more appealing to buyers than a property with less visual appeal. Combined with the right outdoor living space; the perfect viewing point to appreciate all your hard work, you will have undoubtedly added significantly to the value of your property.

Are you looking for a home with an idyllic garden this summer?

Get in touch to see how we can help.

 

Perhaps you have just moved, or maybe you are thinking about moving. It could be that you are decorating a recently acquired buy-to-let property. Whatever your reason for decorating, sometimes the hardest decision to make is deciding on colour schemes. There is an eternal spectrum to choose from, and matching and creating rooms that are visually what you were hoping for is no easy task.

Did you know?
Some research suggests that we associate certain colours of inanimate objects with certain emotions. Here are a few examples: orange: happiness or energy, yellow: cheerfulness, red: love, passion, or danger and blue: relaxation, to mention but a few.

Are you selling your home or letting your home?
If you are renting out your home, neutral, warm colours are the best. That way, you can play it safe and not run the risk of decorating to your tastes and alienating potential tenants or buyers. Paler, softer colours that encourage as much light as possible will make your home appear larger. While it is tempting to opt for two-tone effects, do so in a conservative manner, if at all.

Do what makes you happy
If you are decorating for your own home, then this is a different matter. When it’s time to sell up and move, the chances are that your buyer will have their own ideas and tastes when it comes to decorating. Instead, have faith in your own tastes. Learn to trust yourself while seeking the right advice. Experiment with colours, and don’t buy until you try. Use the samples you are provided with and paint until you are happy. If you are not happy, today any colour can be matched with some clever mixing technology. So, if you can’t find the right colour, you can have it made.

Soothing spaces
Bathrooms, bedrooms, and sitting rooms are often places where feelings of tranquilly are at the top of the pecking order of desired emotions. Shades of blue and green can be useful in creating such feelings. The softer the shades, the less impact they will have. A good way to make these themes work well is by adding the right complementary furniture. In the case of a bathroom, a contrasting suit will accentuate these emotions and may distract your eye from the intensity of large painted areas. A good tip is to break up walls with mirrors, plants, pictures, shelves, or tiles to create a greater sense of serenity.

Furniture and finishing touches
A great way to add colour to create your desired mood is by not paying too much attention to the walls and focusing more on your furniture, features, and finishing touches. Gone are the days when it was all about wallpaper and paint, with furniture being a simple afterthought.

Neutral and darker colours are great for a feeling of cosiness. Then, if you want to add a dash of colour with yet more cosiness built in, use mustard shades or whatever colour you love. Neutral colours work with everything, and when you get to the end of your decorating expedition, the impact of small plants on a simple, free-standing table can be pleasantly surprising. So, when it comes to creating the perfect mood for each room in the house, start with your furniture.

Browse our properties today to find a home that matches the life you want perfectly.

 

Council tax bands are used in the United Kingdom to determine how much each household should pay in council tax. Paying your council tax bill is a legal obligation for residents in the United Kingdom, and failure to pay can result in serious consequences. Therefore, it is crucial for every homeowner and tenant to understand the calculation of council tax and the role of council tax bands. Let’s take a look at what council tax is, how it is calculated, and how to pay it.

What are council tax bands?
Council tax bands are categories used to assess the value of residential properties for the purpose of levying council tax. Each property is assigned to one of these bands, ranging from Band A (the lowest value) to Band H (the highest value). Your council tax band is determined by the market value of your property on a specific date. In England, it is based on what the value of your property was on April 1, 1991.

What is council tax used for?
Council tax revenue funds a wide range of public services and infrastructure that benefit residents in the area. Some of the key areas where council tax funds are typically allocated include:

• Local government services
• Education
• Social care
• Waste collection and recycling
• Transportation
• Public safety
• Parks and leisure facilities
• Housing services
• Emergency services

Different council tax bands and their costs
Here are the council tax ranges for England based on your property value*:

A: Up to £40,000
B: £40,000 - £52,000
C: £52,000 - £68,000
D: £68,000 - £88,000
E: £88,000 - £120,000
F: £120,000 - £160,000
G: £160,000 - £320,000
H: More than £320,000

Factors that affect council tax bands
When assigning a property to a council tax band in the United Kingdom, several factors are taken into consideration to determine its assessed value. One of these factors is the location of a property, as those situated in areas with higher property values or better amenities may be assigned to higher bands.

The size and type of the property, including the number of bedrooms, bathrooms, and overall floor space, are also taken into consideration. Larger properties, or those with additional features, such as garages or outbuildings, may be assigned to higher bands.

Additionally, the age and condition of the property can influence its assessed value. Older properties or those in need of significant repairs are typically assigned to lower bands, while newer or well-maintained properties may be assigned to higher bands. Any alterations or improvements made to the property since the valuation date may impact its assessed value and council tax band. Whether the property is used residentially or commercially may also increase its tax band.

Council tax for newer properties
Council tax on newer properties in the United Kingdom is calculated in a manner similar to that of older properties, but with some differences in the assessment process. For newer properties, the valuation date used to determine the council tax band is typically the date of completion. In some cases, comparable properties in the area may be considered to establish an appropriate valuation.

The quality of construction materials and finishes used in newer properties may contribute to their higher assessed value compared to older properties. Features such as high-quality fixtures, fittings, and construction techniques can impact the property's valuation. Properties built by reputable developers known for constructing high-quality homes in desirable locations may command higher market values, affecting their council tax bands.

Paying your council tax bill
Most people pay their council tax in 10 instalments over a 12-month period; however you can pay in fewer instalments or even in one annual lump sum if you wish. There are several ways to pay your council tax, including via direct debit, online payment, or telephone payment. If you prefer to pay by post, you can send a cheque payable to your local council along with the payment slip from your council tax bill. However you pay, make sure you allow enough time for the payment to reach the council before the due date.

There are severe consequences for failing to pay your council tax bill. Your local council may impose additional charges or penalties for late payment, and these charges can accumulate over time, increasing the amount you owe. If you continue to refuse or neglect to pay your council tax, the council may eventually apply for a committal warrant, leading to imprisonment in extreme cases.

If you are struggling to pay your council tax bill, you should openly communicate this with your local council. They may be able to offer support or assistance, such as setting up a payment plan based on your financial circumstances.

 

When diving deep into the world of property, it can sometimes feel hard to resurface. Constantly making payments month after month can become exhausting and may seem never-ending, but paying off your mortgage can truly be accomplished quicker than you assume.

We are here to shine a light on your mortgage this summer with simple tips on how you can accelerate your mortgage.

The benefits of accelerating your mortgage
Accelerating your mortgage may finally give you freedom from your monthly payments sooner than you expected. There are numerous benefits to accelerating your mortgage deal which could save you money in the long term.

A mortgage usually lasts around 25–40 years, depending on how much your home deposit was and what you are willing to pay back per month. So, the longer you stretch your mortgage term, the cheaper your monthly repayments will be but the longer you will be paying back your mortgage. We recommend overpaying on your monthly repayments to shorten your mortgage loan term.

Reduce your interest rates
By overpaying your mortgage, you are far better off in the long run as you save on your interest rates and shorten your overall loan term. The interest is added onto your mortgage loan daily, so by paying more quickly you reduce the amount of interest added. Once you finally pay off your mortgage, you will also receive access to better mortgage deals in the future with other properties, as you have proven reliable for repayments.

How does it work?
Accelerating your mortgage occurs by overpaying on your monthly repayments or by performing weekly repayments rather than monthly. Before accelerating your mortgage, you need to check with your lender about the terms of your mortgage agreement and make them aware of what you are doing. This is because your lender could easily mistake your overpayments for reducing your next monthly repayment, when in fact you want to reduce your overall term.

If you are on a fixed-rate mortgage, it is harder to achieve acceleration as you are typically only able to overpay by 10%.* Sometimes it can be better to remortgage your home to escape a fixed-rate mortgage and get a variable-rate mortgage. This allows you to overpay your mortgage without any early repayment charges. By paying more each time or by paying weekly, you reduce your outstanding mortgage quicker, resulting in a faster decrease in the amount owed on your mortgage.

Is it worth it?
If you were to overpay your mortgage by just £100 a month for a year, it would allow you to take off nearly 3 years of mortgage repayments. This is all due to the interest charge added to each payment, as mortgage interest is calculated daily.

It is worth paying that little more or changing your mortgage payments to weekly, as this leads to less overall interest accumulating on your remaining balance as you are paying off your loan quicker, reducing the term of the mortgage. Weekly repayments are where you change to paying the monthly agreed amount weekly, split into four payments a month rather than one. This will lead to 52 payments a year rather than 12, allowing you to achieve financial freedom sooner.

What happens when I pay off my mortgage?
When you have finally paid off your mortgage sooner than you knew was possible, you will have a new sense of pride. You will now outright own your property and feel proud while noticing extra disposable cash each month.

Accelerating your mortgage can make a huge difference in your overall financial freedom throughout your life. By overpaying or making more frequent payments, it can take away a large amount of interest added to your owed amount. Speak to your lender to discover your options and see how you could gain financial freedom this summer.

 

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 **

 

One of the joys of owning property is the doors of opportunity it can open. Even if you have no intention of renting out your property, there are lots of things you can do to make a bit of money from it. So here are a few ideas to inspire you.

Get a lodger
Taking in a lodger is a quick way to get some extra cash to pay those bills. The first £7,500 you make will be tax-free thanks to the government’s Rent a Room scheme. Interestingly, you do not have to be a homeowner to take advantage of this scheme, but the room must be furnished. It’s important to inform your home insurance provider, just in case. Doing this can work because it may offer a lot of flexibility for you and any potential lodgers.

Rent out office spaces, outbuildings, or your driveway
Depending on the size of your location and how much extra income you are interested in earning, this will help determine what you are going to do. If you have large outbuildings, you have more options to rent out, without anyone entering your home. Whether they rent storage space, office space, a garage, or a workshop, it’s important to make sure the facility is well-maintained and compliant. If your home is at the edge of a big city and near a train line, it could be ideal for renting out your driveway.

Let your property
Letting your property is a great way to build a secure and prosperous financial future. Using a letting agent makes the process a lot smoother with a lot less effort. You can choose which level of managed service you like. For example, you may take care of maintenance yourself while your letting agent collects rent and finds referenced tenants. You may prefer a round-the-clock maintenance service for your property with a fully managed package. Whether you make a profit on the cost of your mortgage or not does not minimise your long-term return on investment.

Home improvements
As you pay off your mortgage and your home increases in value over the years, it’s earning money. You can accelerate this by improving it. Fitting a new kitchen can add up to 15%*** to the value of your home. A new bathroom may add 3%-5%.*** Simple things can also make a difference. Decorating, improving lighting, and the energy efficiency of your home are also effective ways to add value. Fitting solar panels, and selling excess energy back to your local electricity board, is another canny way to make a few extra pounds from your home.

Sell up; the market will help your home pay for itself
With the UK property market performing well, you could move and make a profit. In January 2005, the average house price in the UK stood at £150,633, in June 2023, it increased to £287,546.* Figures released in March, by Rightmove, suggest the average price of newly marketed properties was £368,118.** You could cash in on this equity to move, improve, or buy a second investment property. According to Zoopla, average sellers in the UK made £74,000 profit in 2023.*** With lowering interest rates and homemovers returning to the market in large numbers, the outlook remains positive.

 

 

Whether you’re considering buying a home with a partner, friends, or even family members, joint mortgages are there to make the process that bit easier. 

In this article we discuss the ins and outs of a joint mortgage and why splitting the costs and commitments of a property can be a beneficial decision.

 

What is a joint mortgage? 

 

A joint mortgage is a mortgage that allows you to buy a property with up to three people, it’s commonly used by two borrowers in a relationship. A joint mortgage allows you to combine your money and increase your overall deposit, as well as split the cost of monthly mortgage repayments, creating ease throughout the duration of your mortgage. 

A joint mortgage allows all parties involved to be held responsible, not just a sole person. Anyone is eligible for a joint mortgage, first-time buyer or not, but this could lead to you paying stamp duty if you purchase a property with a non-first-time buyer. 

 

What are the benefits of having a joint mortgage? 

When purchasing a home, a joint mortgage can bring several benefits, including the ability to borrow more money from the lender as your average household income increases. 

By having multiple people involved in a mortgage, it allows you to display a more responsible and trustworthy persona to the lender for repayments, as there are two or more of you having to meet the requirements of the mortgage. 

By having multiple people involved, it may allow you to place a larger deposit down, decreasing the cost of your monthly repayments and increasing your overall equity in the property. 

 

How does a joint mortgage work? 

A joint mortgage has the same principle as any regular mortgage: paying a deposit and meeting monthly repayments, but the lender will see your deposit and household income as one, not individually.  

When applying for a joint mortgage, you will have to decide with your co-owner(s) how you will split the equity of the property. 

 

A joint tenants mortgage means that all the borrowers will have equal rights over the property, and if you were to sell it, you would split the profits equally. Most joint mortgages act as one owner, with an equal split of the property and equal rights. 

When friends buy a property together, they typically opt for a tenants in common mortgage. This mortgage is where each person owns a different amount of shares in the property, which can be split however they wish. This will be in the deed of trust detailing each person’s ownership percentage. 

When choosing which type of joint mortgage you are going to opt for, it is important to understand which type suits your situation. 

 

Leaving your joint mortgage 

The main reason for wanting to exit a joint mortgage is usually because the relationship between yourself and your partner or co-owner(s) has broken down, and sometimes it can be hard to identify who is left accountable for the mortgage. 

 

Who’s responsible? 

You and the other borrower(s) continue to stay responsible for each monthly repayment until your name is not on the mortgage. Even if one of you decides to move out, you are both still liable for the mortgage and financially linked together. 

 

How can you leave a joint mortgage? 

 

Sell the property  

The easiest way to walk away from a joint mortgage is by selling the property. This allows you to split the profits from the property and restart your mortgage journey. This method is cost-effective and simple, all while being achieved in a shorter timeframe. 

Buy your partner out 

Buying your partner out of the joint mortgage is another method, but a slightly more complicated route. This means that the entire equity of the home will be transferred over to the remaining borrower(s), but it also means you must meet new requirements, which can sometimes be harder to meet as the overall household income decreases, which could also lead to the lender pulling out. 

Add a new name to the mortgage 

Another way to maintain the joint mortgage could be by adding a new name. This encourages the lender to allow you to keep your mortgage and property, as multiple incomes are more convincing. There is a fee to change a name on a mortgage, as you have to pay a solicitor to cover the costs of the legal work and pay potential lender and registration fees, so changing the name on a mortgage could set you back. 

 

Contact us today for more information on how you can start your joint property journey

If you’ve reached the homestretch of your sale, exchange and completion will be your final two hurdles. Let’s take a look at the difference between the two, what to expect at each stage, and the key things you’ll need to bear in mind.

What is the difference?

While exchange and completion are essentially the final phases of a property sale, they are separate from one another:

 

With the spring market seeing an 18%* increase in mortgage approvals, as home buyers got busy moving, you can't be blamed for being tempted to move. Getting ready to move, or ‘move-ready’ to coin a phrase, during the summer months will stand you in good stead for the cooler months on the horizon. This could make your move easier when you decide the time is right. So, with that in mind, here are a few things you can do.

Don’t mistake 'move-in ready’ for ‘move-ready’  

‘Move-in ready’ means a home is ready for immediate occupancy and involves a significant level of legal work, which may help to speed up a sale. Whereas being 'move-ready’, in this context, is simply doing what you can, so that you and your home are more prepared for moving, even if you are not planning on moving right now. 

Sort your home’s outdoor areas out  

There are a lot of advantages to moving in the summer with good weather, longer days, and the possible help of your children while they are off school. But if moving in the summer is not on the cards, taking advantage of the good weather, to make your garden and home’s kerb appeal more beautiful, will make your home more appealing to buyers. Having a sort out of the shed and a trip to the tip will de-clutter it, saving you a job in later months, when it’s time to move. 

Odd jobs inside the house

Summer is a good time to dedicate a few days to addressing any issues around the house that need your attention. From painting and decorating to simple mends. From emptying your attic space, to clearing out your closets. Whether you add a few days to your holidays or have a bank holiday DIY weekend or afternoon, doing it during the summer months will require so much less effort than it would during the colder months. Then, when the season of change sets in, you can change homes with relative ease. 

Check your paperwork 

Whether you are thinking of moving now or in the future, it’s always better to have your paperwork in good order. Perhaps you check your credit rating regularly and have all your important paperwork stored safely. But, if there is something missing, it could delay your sale significantly when it’s time to move. Things such as gas certificates, an updated EPC rating, or certificates for any structural modifications that have been carried out, show that the work is compliant with building regulations. 

Watch the property market closely

Apart from making life easier, you can take advantage of the market more easily if you are ready to move. It’s always a good idea to keep an eye on the property market. Perhaps you like exploring homes for sale online and are well-versed in tracking the progress of a home’s sale. Talking to your local agent will also give you extra insights into the markets and areas you are most interested in. The contemporary UK property market is made up of layers of localised markets, from street to street and from region to region, that can differ and are almost as unique as the various homes that reside within them. So, if you are prepared, you may be rewarded by finding your perfect property.  

 

Are you ready to move? Get in touch

 

Zoopla*

 

 

Having your offer accepted on a home is an achievement worth celebrating; but the hard work isn’t over yet. In fact, it’s just begun. As soon as a home is sold, it will be listed as ‘SSTC’, so let’s take a look at what this means and what comes next.

What does SSTC stand for?

‘SSTC’ means that the home has been ‘sold subject to contract’. The seller has accepted the offer, but the agreement is not yet legally binding.
While a home is listed as SSTC, the buyer and seller are in the conveyancing process and this label will remain unchanged until the deal becomes legally binding.
Until the point of exchange of contracts, both the seller and buyer can pull out of the sale without any legal repercussions.

What does SSTC mean for buyers?

SSTC means that the seller has accepted your offer and the conveyancing process can be started. Though it is only one of many obstacles to overcome before you arrive at the exchange of contracts, this is nevertheless a major step in the right direction.

What does SSTC mean for sellers?

Once the buyer's proof of funds has been confirmed, SSTC will show up next to your post on property portals, unless the buyer asks for it to be taken down and you agree. The ‘For Sale’ sign outside your house will also be changed to a ‘Sold STC’ sign.

Can someone view a house that is SSTC?

A home that has been sold subject to contract can still be viewed if the seller agrees to it. However, this could be a risk on the seller’s part as some buyers might choose to withdraw their offer if they find out that the seller is still accepting viewings.

Can I make an offer on a home listed as SSTC?

If the home you are interested in is marked as SSTC, you still have the opportunity to submit an offer. The estate agent has a legal obligation to forward all offers that the seller receives - unless the seller specifically asks them not to. The SSTC stage can be challenging for buyers, as it might result in 'gazumping'.

What is gazumping?

Gazumping is when a higher offer is accepted on the home you are buying, leading to the sale falling through. Timing also plays a big role in gazumping. The seller may accept an offer from a buyer whose schedule fits their needs more closely. Therefore, as a buyer, it’s important to have all your documents at the ready. A mortgage agreement in principle will also speed up the process for both parties.

How to avoid gazumping another buyer

You can register your interest in the property with the agent in case the sale falls through while it is SSTC, even if you do not intend to gazump another buyer. You will be informed and able to make your offer as soon as the property returns on the market.

 

Thinking about selling your home? Book your professional valuation today

 

 

 

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*

 

If you're considering upgrading a potential property through a home renovation, it can be an exciting process, but it can also present challenges. Instead of buying a move-in-ready property, you have the option of renovating a character-filled, fixer-upper. We have compiled 10 steps to follow to guarantee success throughout a home renovation.

Step one: Find a property and make a renovation plan

With our 10 steps to successful renovations, you can easily lay out a plan and begin your renovation journey. But to begin your renovation adventure, you need to find the right property. Study potential properties and uncover their hidden value.

Make sure to have a survey completed. The most detailed survey you can receive for a property is a level 3 survey, which is the most thorough analysis of the entire property’s building structure and condition. The overall report provides extensive details, including recommendations, estimated costs, and a timeline for any necessary work. This can help you produce a solid plan and give you an idea of where to start.

Step two: Understand your legalities

When you decide to complete renovations on a property, you need to understand the legalities. This will include ensuring you have planning permission in place (if needed). Even though plenty of home alterations don’t need planning permission, it’s always beneficial to check before diving straight in. You can apply for planning permission before you purchase a property.

Once you exchange contracts and have secured your property, it will be your responsibility to have the right insurance in place. Home insurance during renovations can come at a higher expense, but it is worth every penny as it provides you with peace of mind throughout the entire process.

Although a house warranty is not a requirement when renovating your property, it protects you from any flaws in the potential design, materials, or overall build quality, and will also cover any problems that occur for 10 years as a result of these factors.

Step three: Calculate your costs

Correct cost alignment is crucial for delivering a successful renovation project. You're looking to get the best value for money. Being vigilant about potential hidden costs is crucial to staying within the right budget. Always overbudget by 10% to provide yourself with flexibility, and you can utilise any remaining funds for enhancing your home's interior design or landscaping your ideal garden.

Step four: Understand EPC and ways you could improve it

If you’re renovating your home, consider the future and its resale value. Energy Performance Certificates (EPC) are now more important than ever in terms of increasing value; the future may create difficulties for homes without a good EPC score, so the quicker you take this into account, the better.

You can enhance your EPC rating by installing insulation in your home and surrounding pipes, replacing light bulbs with energy-efficient ones, upgrading your boiler and heating system, installing solar panels, a smart meter, and installing double or triple-glazed windows.

Step five: Discover a trustworthy contractor

This is a crucial step because this individual will bring your ideas to life. Become your own project manager and oversee the entire project, and if you’re a seasoned pro, get stuck in and knock a few walls down. Shop arounFd, gather ideas from different contractors, and take into account positive references and reviews.

Step six: Organise the removal of materials

A renovation project always leads to plenty of waste, especially if the demolition of walls is part of the plan. By organising a skip hire for the property, you can create less hassle for everyone involved, and the skip hire company will be able to dispose of the materials. You could potentially sell certain elements of the property to generate additional revenue.

Step seven: Protect the property’s original features

The main attraction when you buy a fixer-upper is the original character features. These can easily be rediscovered and highlighted throughout the home renovation, adding a timeless charm to the property. By utilising these original features, you have a chance to save some money on new materials. Particular attention should be paid to certain features such as:

While renovating, remain careful around these areas to avoid potential damage to the original features.

Step eight: Update your plumbing and electrics

Even though rewiring and plumbing are expensive renovations, they're definitely worth it. This allows you to add certain light features or bathroom looks that suit your lifestyle. By completing this, you could also add characteristics that cut down your energy bill and increase your EPC rating, improving the property’s end value.

Step nine: Turn structural problems into upgrades

While the property is stripped back, this gives you the perfect opportunity to fix or improve any structural issues in the home. This allows you to match the home to modern-day living, potentially creating an open-plan living space or inserting large bi-fold doors leading to the garden.

Take a look at the floor plan, external and internal features, and identify the potential characteristics it could offer. Is there conversion potential for the loft, basement, or garage?  Identifying these key potentials can present a substantial increase in your property’s value.

Step ten: Create a snagging list

As you finalise the property by adding all your interior and décor, you finally see the light at the end of the tunnel.

What is a snagging list?

A snagging list typically indicates that the home renovation is complete. This is an inspection completed at the end of building work to identify any minor defects and meet the standards you expect, potentially achieving perfection.

Examine your completed project and pinpoint any minor issues you wish to address or monitor to allow issues to be flagged up in a timely manner. The contractor can assist in resolving these issues, ensuring a flawless completion of the project.

 

Ready to start your renovation journey? Contact us today to find your

potential fixer-upper

 

 

 

An EPC provides a rating of your home’s energy efficiency and its environmental impact. The rating ranges from ‘A’ (most efficient) to ‘G’ (least efficient) and includes recommendations for improving energy efficiency. The certificate helps potential buyers understand the energy performance of the property they are considering buying, as this will dictate how much it costs to run said property.

How long is an EPC valid for?

Once your home been issued its EPC rating, it will be valid for 10 years. This means that if you have an EPC rating that was issued within the last decade, you can use it to sell your property without needing a new assessment. However, if your EPC is older than 10 years, you’ll need to commission a new one before you can place your home on the market.

Checking your EPC’s validity

You can refer to the certificate itself to check if your EPC is still valid as it should state the date of issue and the expiry date. Additionally, you can look up your property’s EPC through GOV.uk, where you can download a copy of the certificate and verify its validity. 

When should I get a new EPC?

Even though EPCs have a 10-year life-span, there are circumstances when you might consider getting a new one before selling your home:

Book your free, in-person accurate home valuation

As the winter months approach, damp and mould can present serious issues for both landlords and tenants, so it’s important to take preventative action and maintain good habits. Whether you’re a landlord trying to keep your property up and running or a tenant aiming to keep your living space comfortable, preventing winter damp is essential.
Here’s how to stay ahead of this seasonal issue.

Understand the causes of damp

Damp can occur for several reasons, but the most common in winter are:

• Condensation: This happens when warm, moist air meets cold surfaces, like windows or walls, causing water droplets to form.
• Rising damp: Ground moisture rises through the walls due to a lack of a damp-proof course (DPC) or a damaged one.
• Penetrating damp: Water enters the property through external defects, such as a leaky roof, blocked gutters, or poor-quality brickwork.

Preventing damp

Damp and mould are much easier to prevent than to cure, so sticking to healthy practices is the easiest way to make sure your home is properly ventilated and free from moisture.

Keep windows open

Open windows allow moisture to escape rather than settle onto walls or furniture. Make sure to crack open a window if you’re cooking, washing clothes, showering, or using a tumble dryer.

Use extractor fans

Ensure that kitchen and bathroom extractor fans are functioning well to expel moisture-laden air. For landlords, consider installing or upgrading ventilation systems in areas prone to moisture.

Cover up pans when cooking

When cooking, cover pans to reduce the amount of steam released into the air.

Use a dehumidifier

These devices are great for reducing moisture in the air, especially in rooms that are prone to damp. Landlords could also consider providing tenants with dehumidifiers and ensuring that properties have good ventilation to handle excess moisture.

Heat efficiently

Keep your household heating at a low level for longer periods, rather than cranking it high in short bursts. This will heat the home more evenly and effectively, lowering the risk of condensation.

Dry clothes outside

If possible, avoid drying clothes indoors, as this significantly increases indoor moisture. If you must dry indoors, do so in a well-ventilated room with a dehumidifier.

Spotting damp early

Both landlords and tenants should stay vigilant for the early signs of damp:

• Musty smells: A persistent musty smell can indicate hidden damp.
• Mould growth: Black mould spots, especially around windows, in bathrooms, or on walls, are clear signs of damp.
• Peeling paint or wallpaper: If paint or wallpaper starts to peel or bubble, damp might be the cause. If tenants notice these signs, they should inform the landlord or letting agent immediately so that remedial action can be taken.

When buying a property with the intention of flipping it, it’s important to consider whether the renovations you’re making are worthwhile. As such, here is the ultimate guide on how to spot a property with potential to add value.

Is the property in a desirable location?

Location is one of the most important factors to consider when it comes to determining the value of a property. Sometimes a property with potential is ‘the worst house on the best street’. This is why location is key, as you can’t change a home’s surroundings, but you can certainly improve the home itself.

Does the property offer space for conversion? 

A decent-sized loft or basement is something that you should keep an eye out for. These empty spaces offer the opportunity to add another bedroom, bathroom, or living area, making the property more spacious and, in turn, more attractive to buyers when it comes to selling in the future. 

Can the layout be improved with minor change? 

Try not to dismiss properties that are very segmented in their layout. Often, homes with separate rooms can easily be transformed into an open-plan layout. Keep a close eye out for properties where there is a small kitchen next to a large dining room that could be knocked through or a bathroom next to the main bedroom that could be transformed into an ensuite. 

Does the property have the potential to improve its EPC rating? 

It’s important to not disregard properties that currently have a low EPC rating. There are many ways you can increase an EPC rating by installing insulation, double or triple-glazed windows, a new heating system, energy-efficient bulbs, and many more. Selling the property in the future with a bad EPC rating will affect the value to potential buyers, so enhancing energy efficiency is a worthwhile investment.

Can all the property’s negatives be fixed?

When viewing a fixer-upper, you need to identify all the negatives so you can understand how simple it would be to solve them. You can provide the property with new windows and a paint job, but you can’t move the property away from a noisy main road. By having this in-depth screening of the property’s negatives, you can identify what changes you can approach efficiently.

How an agent can help

It can often seem that properties with clear project potential are hard to come by, but by enlisting the support of an expert agent, they can help you find the perfect fixer upper. As well as finding your dream home with potential, we can also support the sale of your current home, creating ease throughout your entire property journey.

 

Ready to start your property journey with Burnett's Estate? Contact us today for more information

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

Selling your home is no simple feat, and viewings are one of the most critical parts of the process. While some people choose to conduct their own viewings, there are distinct advantages to letting your estate agent take the reins.

Here are some key benefits of allowing your agent to manage your property viewings:

Professional experience and expertise

Estate agents are trained professionals with extensive experience in conducting property viewings. They know how to highlight the best features of your home and answer difficult buyer questions confidently. Their expertise allows them to present your property in its best light, appealing to a broad range of potential buyers.

Objectivity and neutrality

As a homeowner, you’re emotionally invested in your property, which can make it difficult to remain impartial during viewings. Buyers may feel hesitant to express concerns or ask difficult questions if the seller is present. An agent acts as an objective, neutral party, allowing potential buyers to give honest feedback and explore the property without feeling pressured.

Better time management

Allowing your agent to handle viewings frees up your time, especially if you're balancing work, family, or preparing for your next move. Estate agents can schedule and coordinate viewings around the buyers' availability, ensuring flexibility while removing the need for you to be on call at all hours.

Tailored to buyer preferences

Experienced agents understand the types of questions and concerns that different buyers may have. Whether it’s focusing on local amenities for families or discussing property investment potential with landlords, agents can tailor their pitch based on the buyer’s needs, something that may be harder for sellers to do effectively.

Increased buyer comfort

Potential buyers are more likely to explore the home in greater detail when the seller is not present. When buyers feel at ease, they tend to spend more time during the viewing, asking more questions and visualising themselves in the space. This can create a stronger connection between the buyer and the property, increasing the chances of an offer.

Prompt feedback and follow-up

After a viewing, agents can provide immediate feedback from the potential buyer, which can be invaluable for making any necessary adjustments to your property or pricing strategy. Agents are also skilled in following up with interested parties, gently encouraging them towards making an offer, without appearing pushy.

Local market knowledge

Estate agents know the local property market inside and out. They can provide insights into local market trends, schools, transport links, and future developments that may sway a buyer's decision. 

Reduced stress

Selling a home can be stressful, especially when managing viewings alongside other responsibilities. By leaving viewings to your agent, you can reduce much of the day-to-day pressure and focus on preparing for your next move. Trusting your agent means you can step back, knowing that the sale process is being handled professionally.

 

Ready to start your moving journey? Book a professional valuation with us today

 

What does one of the most eagerly anticipated budgets in years mean for the UK property market? We look at the positives and opportunities, whether you are a homemover, renter, or investor. 

Inheritance tax threshold remains the same 

The Inheritance tax threshold is to be frozen at its current rate until 2030, meaning that the first £325,000 of an estate can be inherited tax-free, rising to £500,000.* If the estate includes a residence passed to direct descendants, this will rise to £500,000.* This allows you to move on and make new memories, without paying the rumoured tax increases that many had feared before the budget. 

More new homes will create more opportunities  

With 1.5* million more homes being built, this will encourage homemovers, giving you more choice of homes as first-time buyers move into new homes and existing homeowners place their homes on the market. This is good news for renters, as more people step on the ladder and more rental homes enter the market. 

No increase in Capital Gains Tax for second or residential properties 

Great news there will be no increase in Capital Gains Tax for second homeowners, despite fears of this happening before the budget. There will now be no previously anticipated rush to sell second homes. This implies that the market, as values continue to rise steadily, will continue to thrive. Further good news is CGT for residential properties will go unchanged.

 Increase in wages, not in National Insurance for employees 

The increase in the minimum wage will result in an increase in the amount of money available to younger individuals who are saving for a property or renting for the first time. And the economic spin-offs for the wider economy will help create a better, more prosperous economy. However, the Chancellor will raise billions in revenue from an increase in employers National Insurance contribution.

Stamp Duty increase for additional homes, not residential homes    

No increase in Stamp Duty if you are moving is welcome news. However, the Stamp Duty surcharge will increase immediately on second homes from 2% to 5%.* This also helps stabilise the market, preventing a rush to sell. Such a sensible increase will not deter buyers looking to sell or buy a second home, keeping the market buoyant. This may also stimulate the supply of homes as fewer first-time buy-to-let investors enter the lettings market, while existing BTL investors enjoy high levels of demand. 

Good news, the rates threshold is rising  

In April 2025, a 40% discount will replace the current 75% discount to business rates.** This means that many businesses will see a much smaller increase in rates, which is good news for the economy and encourages investment. Property values should reflect this preservation of the high street and increased growth and stability.

Warm homes plan

The government has committed to promoting the growth of the green housing market by implementing a £3.4 billion** plan to enhance the energy efficiency of homes nationwide. A greener home can command higher rents and higher prices, and this will help step the UK housing market into the future. This, in turn, strengthens the basis for a more prosperous future.  Afterall, energy-efficient homes help to reduce the cost of your monthly bills. 

Removal of dangerous cladding 

With £1billion worth of investment in cladding removal,** if your property’s value has suffered because of this issue, then it should return to market value once this has been sorted. These properties will also gradually enter the market, making more homes for rent and to buy available. 

A better future is beginning   

Many people had been nervously awaiting this budget. However, there is a lot of good news, and the positive stabilising consequences for the UK property market mean the future is looking good. Lowering interest rates and a widely anticipated reduction in the base rate are contributing to an increase in buyer confidence. With a significant increase in transactions compared to last year, your next move is in safe hands.

 

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