The latest news from HoldenCopley

The latest news from HoldenCopley




Investing in property? Here are our top tips!

 
With high demand for property driving up house prices and rents across the country, now is a great time for new or established landlords to ride the wave by investing. But where should you start, and how can you improve your chances of a respectable return? Read on to find out.
 
Choose your location
Ideally, it’s sensible to invest in an area within a manageable radius of your current location. This will allow you to visit the property easily, complete any necessary improvements, or keep an eye on contractors. If you live nearby, you’re also more likely to know which streets and neighbourhoods are the most desirable, helping you identify golden opportunities as soon as they arise.
 
Once you’ve settled on a general area, spend some time researching the current market conditions, including the average local rent and sale price for the type of property you’re interested in buying.
 
Hint: A trusted local agent like ourselves can advise you on this.
 
Identify potential ways to add value
While searching for the perfect rental, consider ways you could improve a property to make it more appealing to your ideal tenant. Could you add an extra bedroom or a home office by converting the loft? Is the property worth renovating to bring it in line with more high-end lets? This is where your market research will come into its own.
 
Other ways to increase profit may include selling off additional land a tenant won’t need or splitting up a building into apartments. Just make sure you obtain advice from a relevant professional before you invest.
 
Decide on funding
Yes, opportunities are endless for cash buyers, but if you have the minimum deposit (usually 25%), a buy-to-let mortgage can help you achieve your dreams. The maximum you can borrow is linked to the rental income you expect to receive, which should be 25–30% higher than your mortgage payment.
 
Specialist lenders may also provide a bridging loan to cover the cost of renovations while you get the property up-to-scratch.
 
Beyond these top tips, our property experts are always on hand to help. Contact us to discuss potential investment opportunities or book a rental valuation.
 



What are tenants on the hunt for in a property?

 
A recent report by the Social Market Foundation (SMF) has revealed tenants’ top priorities when choosing a home.* The results may help landlords make the most out of their properties while providing a valuable service for the wider community.  

 

While the private rental sector faces huge demand, landlords who listen to their renters’ needs are more likely to attract long-term, conscientious tenants desiring a secure home.**  

 

So, what steps should landlords take next?

 

Pitch the price just right 

 

After financial pressure brought about by COVID-19 and the cost of living crisis, it’s not surprising that 55% of tenants consider price above all else. However, many renters (35%) also prioritise bigger properties, so where is the sweet spot?  

 

Understanding regional dynamics can allow landlords to balance the property’s worth with affordability considerations. For example, some tourist-heavy counties have a disparity between house prices and local wages as homes are snapped up for the holiday market. Rents based purely on the property’s sale value may exclude local families in these areas. 

 

A lettings valuation will give you a clear baseline to adjust accordingly, depending on your circumstances and long-term financial goals – and the type of tenant you’d prefer. 

 

Consider allowing pets 

 

According to the SMF survey, 18% of tenants seek rentals that welcome animal companions. Compare this to the mere 7% of landlords who actively market their homes as pet-friendly.  

 

If you’re preparing a new rental property, perhaps think of ways to make it more suitable for pets, such as choosing wooden or tiled floors over carpets, or securing the garden. 

 

Provide value for money 

 

Everyone loves a good deal – including renters. Although many tenants have a tight budget, plenty will pay more for high-quality interiors and decent gardens. In fact, the latter was cited as a top priority, especially for those looking to create a long-term home.  

 

Choose a property near amenities 

 

If you’re planning to invest in a buy-to-let property, it’s worth knowing that 38% of renters wish to live near their workplace. Public transport facilities and access to shops also factor in for 37% and 36% of tenants, respectively. Therefore, it’s worth searching for opportunities that tick these boxes.  

 

Want to learn more? Contact us to discuss how to boost your property’s rental potential and book a lettings valuation. 

 

 

*Social Market Foundation 

**Paragon Bank 



What is fueling the ongoing house price growth?

 

 

House prices nationwide are continuing to rise at rapid rates, and although there is a low supply of stock, there was a slight increase in new homes coming to the market in June. This is good news for our future buyers. * 

Latest statistics show that the number of houses available on the market is down 11% year-on-year and this scarcity stretches across all regions in the UK. Interestingly, the most significant falls in stock were recorded in the North East and London, with supply falling by 19% and 18.7% respectively. * 

In line with this, rising prices are not being perceived as an issue by buyers as marketing times remain historically low, with properties being snapped up in no time at all. 

 

What’s happening in the rental market? 

Similarly to the sales sector, rents are also up year-on-year. In fact, the combination of huge demand and scarcity of homes on the market has led to an annual rise of 18.8% in average rents. * 

In London we’re seeing even higher rises in rents, with the average price now 27.6% higher than this time last year. * 

 

Have you got a property to sell or let? Find out its value today with a free, no-obligation valuation. 

 

 



Three improvements buyers are looking for in a property

 

When it comes to selling your home, there is nothing you want more than for your buyers to love your home as much as you always have. Preparing your home can feel like a time-consuming and potentially daunting task. However, this is the very start of your property journey, and before you know it, you could be well on your way to your next home. 

 

Recent research into what buyers are specifically looking for may give you an insight into how you can best prepare your home.  

 

Leisure spaces are a big requirement 

The report found that a home gym was one of the most asked for renovation trends, and with the arrival of summer, it is no surprise that buyers are also keen to find properties with outdoor kitchens and al fresco entertaining areas. 

 

Going green with paint 

That phrase may have you thinking about eco-friendly improvements. But, we’re talking about paint! Although it is often said that neutral walls are the best way forward, research suggests that adding a pop of colour by repainting the kitchen, or adding a green feature wall, could give your room a whole new lease of life. 

 

Flooring is more important than you think 

This one may not be the first thing you think of when improving your property. However, it seems that there are a range of styling options that are ticking buyers’ boxes. Interestingly, solid wood, herringbone flooring, or earthy flagstones are all popular choices for buyers.  

 

Whether your home ticks all the above boxes and you are considering selling. Or, if you are simply curious to know how much your home could be worth, why not book your valuation with one of our professionals today? 

 



Help to Buy deadline brought forward

 
Since launching in 2013, the Help to Buy Equity Loan scheme has helped thousands of people to buy their first home. However, it was announced last month that this popular scheme will stop accepting applications five months before it officially ends in March next year. The deadline for final applications is 6pm on 31st October 2022 and purchases must be completed by 31st March 2023.
 
Under the Help to Buy scheme, first-time buyers purchasing a new-build home can pay a deposit of just 5% of a property’s value. Buyers can also take an equity loan of up to 20% of the cost of a new-build home (up to 40% in London), which is interest-free for the first five years. Regional price caps range from just over £186k in North East England to £600k in London.
 
If you are a first-time buyer looking for a new-build home, there is still time to take advantage of the Help to Buy scheme.
 
Click to view the range of properties for sale in your area.
 
 
*Property Reporter



The ultimate guide to renting a property in the UK

 

If you are thinking about renting your first home, there are a few things to consider before you even begin your property search. 

 

Getting started

Before you start looking for your perfect place, think about how long you would like to commit to living in a new home. A rental agreement is legally binding, so it is important to decide from the outset whether you are looking for a short-term let or somewhere you can stay for a longer period. 

 

Work out how much you can afford. You will need to have enough money to pay your first month’s rent upfront in addition to a deposit, which will usually be equivalent to five or six weeks’ rent. 

 

Decide on your must-haves. How much space do you need? Do you need a garden? How about parking or garage space? Which location do you need to be in and how far outside that area are you willing to go? Do you have a pet who will be moving with you? 

 

Consider when you would like to move in. A landlord will want to minimise the amount of time their property is vacant, so it can be helpful to shortlist properties which are available as close as possible to your preferred moving date. 

 

Preparing the paperwork

It is a good idea to get all your paperwork in order before you start viewing potential properties. Demand for good rental properties can be high, and having everything ready to go will help you stand out from the competition. 

 

You will need to be able to prove who you are, with a passport, driving licence, national identity card, immigration status document or similar. You will also need to prove where you live and how much you earn. The landlord or agent will need to be confident you can afford the rent and that you have a steady income. If you are employed, your contract and three most recent payslips will usually suffice. If you are self-employed, you may need to show a previous tax return or bank statements going back several months. 

 

Looking for your new home 

It is important to register with local agents. Some properties are so popular they never make it to an online listing. 

 

Questions to ask when you have found a place.

The first question to ask is what type of tenancy agreement you will be asked to sign and for how long the agreement will be valid. The landlord must allow you to stay in the property for a minimum of six months, and most tenancies will be for a fixed term of either six or twelve months. 

 

Next, ask about the deposit. If the total annual rent will be less than £50,000, the maximum deposit allowed is five weeks’ rent. If the annual rent is £50,000 or above, the maximum amount a deposit can be will be six weeks’ rent. The deposit must be refundable at the end of the tenancy, assuming you keep the property in good condition and pay your rent promptly each month. 

 

Talk to the landlord or agent about who is responsible for paying utility bills such as gas, electricity, water and council tax. When you move in, it can also be helpful to know which companies are currently supplying the property. 

 

Confirm which furniture, fixtures and fittings will be left in the property and finally, check for rules about things like smoking, pets, places to keep bikes, bins and recycling. 

 

Moving in

If you will need a removal service to move furniture and other belongings, it is sensible to get that booked in the diary as soon as you confirm the moving date. You should also arrange home contents insurance, along with tenants’ insurance to protect you and your belongings from the day you move in. 

 

The keys to your new home will usually be available on the day your tenancy starts. If the landlord or agent has supplied an inventory, check all the details as soon as you can. Put in writing what state the property is in on the day you move, listing each room and taking photos too.  

 

Make sure you know how to operate the boiler and other appliances and ask where the stopcock, fuse box and any meters are located. 

 

Are you ready to rent? Browse our available properties here and do not hesitate to get in touch to discuss your requirements. 

 



How has the housing market changed in 2022? 

 
You may have heard that the housing market is still going strong after the pandemic boom, but things have changed since Covid restrictions tapered off. A popular property portal recently reported on key 2022 trends – here’s what buyers and sellers need to know. 
 
Buyers tighten their focus
One important shift lies in how people filter search results when looking for their ideal home. Pre-Covid, browsers were more open to exploring a wider range of properties, but this is no longer the case. Instead, prospective buyers are more specific about their search criteria, with gardens higher on people’s agenda than ever before.
 
Location becomes more fluid
Although buyers have narrowed their search in some ways, many have widened the net when it comes to location – by 58 square miles, in fact.* It appears that home-hunters are more willing to compromise on the area to bag a home office or a bigger garden.
 
Cities regain their shine
During the most intense pandemic period, people abandoned crowded cities in favour of the rural dream. However, as society returns to normal, people are returning in their droves. A recent report shows that there’s been a 50% hike in countryside dwellers focusing on cities such as London, Bristol and Liverpool.**
 
This reversing tide has led to nearby train stations becoming a prized asset once again as buyers reassess commuting time. Likewise, apartments have regained popularity now that workers and students flock to urban centres.
 
What’s the takeaway?
By understanding how market trends are shifting, we can help you showcase your home to attract the right buyers. With the market in such a state of flux, it’s crucial to have an up-to-date valuation – especially if your home will benefit from the changes mentioned above.
 
Thinking of moving soon? Contact us today to book your valuation or discuss our marketing approach.
 
 
*Rightmove
**Compared to January 2021.