Hello Summer! We say goodbye to May and happy hello to June! Weather in the UK is treating us well and the property market stays buoyant although Nationwide has noted the biggest dip in the house prices since 2009! We’ve been published in many media outlets commenting on holiday rentals, landlords’ problems, and given the best tips on how to save money on moving house!
Even if you’re chasing sunset we’re still here, working hard to help people sell their houses and move on with their lives faster than ever before.
In case you missed it, here’s a recap of what happened in May:
A shortage of available stock, all part of the current housing crisis, increased demand and wage growth have all combined to allow landlords to push up rents with tenants having little choice but to pay them.
Estate Agent Today
But another thing that really dismays me is the Government’s dithering on its reforms to the leasehold system…
Labour costs for removers have increased as have their fuel prices, impacting long distance moves. As land costs have increased too, storage has become more expensive as a result.
But my concern would be if somebody hasn’t been able to save up even just a few thousand pounds over a number of years, what would happen if they do buy a property with 100 per cent mortgage, they’re calling them no deposit or deposit free loans. They’re actually 100 per cent mortgages.
With far more tenant turnover, cleaning and inventories must be carried out constantly, potentially hundreds of times a year. Bedding and consumables need to be replenished as well. Management is very labour intense with agents charging around 20% of rent for the service