Your monthly update from Mark Beaumont

Your monthly update from Mark Beaumont




<span style="font-family: Arial, Helvetica; font-size: 18px;">EPC changes offer good opportunities for landlords</span>

 

In a bid to combat climate change and reduce pressure on strained energy supplies, the government has recently announced new proposals on EPC ratings. The changes will require landlords to increase the energy efficiency of their properties to a C or above.

Improvements must be made by 2025 for new tenancies, or 2028 for existing tenancies. As a recent survey showed, 68% of landlords currently own rentals with D or below EPC ratings, which means most will need to act soon to avoid problems down the line.*

While increasing the energy efficiency of your properties can be a costly exercise, it’s also an opportunity to raise the value of your rentals and reduce bills for tenants. This, in turn, will make your lets more attractive to tenants, especially at a time of rising energy prices.

In addition, landlords looking to expand their portfolios may consider buying less efficient homes to upgrade the EPC rating and turn over a profit. If you own a property rated C or above, now is a great time to think about letting it.

 

However you intend to respond to the upcoming changes, we’re happy to discuss your options going forward.

 

Contact our team to discuss this further, or to arrange a lettings valuation.

 

 

*Landbay



<span style="font-size: 18px; font-family: Arial, Helvetica;">Is April still a good time to sell your home?</span>

 
The predicted spike in buyer demand is getting into full swing. Spring has always been a great time to sell, as buyers look to settle into their new home in time for the summer.
 
According to recent data from a well-known property portal, valuation requests have shot up by 27% compared to the same period last year. While March lived up to its reputation as the strongest month for sales, April is a close second as buyers continue to compete for homes. *
 
If you’re hoping to sell, you may also be on the hunt for a new home. To land your dream home, it’s crucial to be able to make a serious offer. That means getting your property spruced up and ready for its time on the market.
 
Don’t forget that many buyers now prioritise outdoor space to enjoy in the warmer months, so if your home has got it, flaunt it!
 
Make sure you are prepared for your April sale by contacting our team of experts.
 
 
*Rightmove



<span style="font-family: Arial, Helvetica; font-size: 18px;">Helping our landlords navigate the changing regulations</span>

 

Being a landlord is a rewarding way to secure your income while providing quality housing for tenants. However, according to a recent survey, 24% of landlords feel overwhelmed keeping up with changing regulations.  

The main reasons landlords felt this way included finding the rules confusing and a lack of access to legal advice. For example, 16% didn’t know about licencing scheme changes, 12% were unaware of the new requirements for smoke and carbon monoxide alarms, and 10% had missed the news regarding proposals for minimum EPC standards. * 

Keeping up-to-date with every announcement and making the necessary changes to your properties can feel like a full-time job. This has a knock-on effect on landlords’ mental health, with over half of those surveyed admitting they’d taken time off work.  

So, what’s the easiest way to enjoy the benefits of being a landlord without the stress?  

Other than carrying out time-consuming research, reading trade publications, and enlisting the advice of a lawyer, the survey showed that almost a third have a letting agent to help. 20% also believe employing a managing agent would make life easier. * 

It’s certainly true that working in partnership with a trusted local agent can help you simplify the process of letting your property, especially if you manage a portfolio. 

Whatever your situation and long-term plans, we’re here to help. Contact us to learn more about our services and arrange a lettings valuation.   

 

 

*DirectLine 



<span class="TextRun SCXW120994767 BCX0" lang="EN-GB" style="font-size: 18px; font-family: Arial, Helvetica;" xml:lang="EN-GB" data-contrast="auto"><span class="NormalTextRun SCXW120994767 BCX0" style="font-weight: bold;">Demand creates opportunit</span><span class="NormalTextRun SCXW120994767 BCX0" style="font-weight: bold;">ies</span><span class="NormalTextRun SCXW120994767 BCX0" style="font-weight: bold;"> for new landlords</span></span>

 
As soaring house prices continue to push up the average buying age, more and more people are looking to rent for longer. This squeeze on supply has resulted in the average rent price rising throughout the UK. In London, rents have risen to £1,757 – 11.8% higher than in February 2021. *  

The imbalance between supply and demand means that the Association of Independent Inventory Clerks is now applying pressure on the Government to increase rental stock across the UK.  

Now is the perfect time for new landlords to enter the market and make a good return while providing homes to those who need them.  

Have you had a lettings valuation in the past? You may be surprised by how much your potential rental is worth now. 

If you’ve got an unoccupied property on your hands, contact us to learn more about our bespoke services and book a lettings valuation.