Removals Company in Mansfield

 A Guide to UK Renting

The pandemic has led to a change in the costs of buying and renting a home across the UK. And according to recent figures, renting is now cheaper than buying for the first time in six years.

With searches for ‘houses to let near me’ up by 377% and some of the most asked questions covering ‘renting, what to know?’ and ‘what is fair wear and tear?’ GTSE, the one-stop shop for home and workplace solutions, has teamed up with various property experts to unveil the dos and don’ts of renovating a rented property, for renters looking to spruce up their pad.

  • Painting

Are you allowed to paint the walls, or how do you find out if you’re able to? Helen Hollingsworth, lettings partner at Bramleys says: “Not without the landlord’s permission. Some may allow you to paint as long it’s to a good standard, whereas others may ask you to return the walls to their original colour before you leave.”

Chris Salmon, Operations Director at property law specialists, Quittance adds: “I’d advise renters to opt for lighter colours or oil-based paint as this will make it easier to repaint walls if needed.”

  • Drilling, putting up pictures and mirrors, etc

“It’s always best practice to gain permission from your landlord to put up an agreed amount of picture hooks, and whether you can leave them in when you leave,” Helen comments.

Chris also comments: “Sometimes you may be expected to pay for repairs for any holes that you drill in the wall, either directly or through your deposit. We would therefore recommend that you opt for hooks and if you have to make holes in your wall, make them as small as possible to minimise any costs accrued.”

  • Removal of carpets, having new flooring fitted, painting floorboards, etc

“This would need to be done at the discretion of your landlord or lettings agency. Don’t make any changes without their permission. Landlords will be more amenable to this if they can get samples of the carpet that you want to fit and can vet any tradesman used,” explains Chris.

Helen also explains: “More often than not, changes to the flooring are not worthwhile due to the length of time many tenants plan to stay in the property.”

  • Removal of furniture that’s already within the property, if fully furnished

“Usually, you can’t remove furniture, as you have taken the property knowing it’s fully furnished. In this case, the best thing to do would be to securely store the landlord’s items until you vacate the property and then put the items back in their original place,” says Helen.

Chris also says: “Remember that the furniture is the landlords’ possessions, so you can’t just dispose of it. It’s worth asking your landlord if they have any local storage space (this is not uncommon among landlords, especially those who have several properties in the area). They might let you use it to store the furniture in question.”

  • Having blinds or curtains fitted

Helen comments: “Again, you should not fit any blinds without the permission of the landlord as the fixings will potentially cause damage on removal when you leave. Also, you may need to attach blinds to tiled surfaces which the landlord may not wish for you to do.”

On toof the above, Chris also comments: “We would always recommend going with removable blinds. If you get blinds fitted without your landlord’s permission and they want to have them removed at the end of your tenancy, thethe cost of removal can come out of your deposit.”

  • Pets

Whilst having a pet doesn’t necessarily transform a rented property, they’re an emotive topic for renters and landlords. Helen explains: “Pets often divide landlords and tenants. Renters with pets sometimes struggle to find accommodation that will accept them.

“If you move into a property with a tenancy agreement that does not permit animals, never get a pet without speaking to your landlord first. There will most likely be a clause in your contract that says you cannot keep pets. If you decide you may wish to have a pet or if someone else is going to move in with you, always check beforehand as the paperwork may need altering to reflect the changes.”

If you’re new to renting, it can be difficult to understand what is and isn’t permitted. So, it’s crucial to get permission for any changes you wish to make, such as decorating.

Kirstie Batty, Head of Merchandising at GTSE, says: “If you get permission to make changes, make sure you have this written as an agreement with signatures from relevant parties.

“However, when viewing a property, you wish to rent, it’s always best to flag parts of the property you’re unhappy with before signing a contract as you may be able to negotiate to get new carpets, or walls painted, etc, before moving in. This could save you time and money. Also, carefully check the inventory report and dispute anything you don’t agree with or consider adding additional photos to avoid any disagreements at the end of the tenancy.”

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(Seen  July 2021

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(Seen  June 2021

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New Homes Works to Begin on 71-home Development in Retford

Taggart Homes has begun leading works on a new £19m residential scheme in Nottinghamshire are set to commence in summer 2021.

Located in the old market town of Retford, in north Nottinghamshire, the development known as ‘Bracken Lane’ will consist of 71 two, three, four and five-bed properties ranging from £195,000 to £475,000.

Due to complete in winter 2022, the new homes will comprise different property types including detached and semi-detached – all finished to the finest quality with high specification fixtures and fittings throughout, as well as landscaped gardens; as is typical from leading home builder, Taggart Homes.

Michael Taggart, chief executive officer of Taggart Homes, said: “Bracken Lane will be an attractive new development bringing high quality homes to a desirable location in north Nottinghamshire. The range of properties will suit all types of homebuyers – from first timers, to families and those looking to downsize. As with all of our developments, high spec fixtures and fittings, quality materials and meticulous attention to detail are paramount and will make these homes a modern, wonderful place to live in a location that offers so much.”

The Bracken Lane development lies within walking distance of the historical market town of Retford – a desirable location offering a range of amenities including a town centre and an array of high street shops and independent bars, pubs and restaurants.

Situated on the northern side of Bracken Lane to the south east of Retford, homes will be partially enclosed by established mixed native hedgerows and mature trees, with accessible links to local transport routes such as Retford train station and the A1 motorway nearby.

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(Seen  May 2021

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Vast Majority of Property Transactions Since May 2020 Backed by Mortgages

Mortgages have fuelled 70% of property transactions across Great Britain since the market reopened back in May of last year, after initial lockdown restrictions were imposed, according to research by broker firm Enness Global Mortgages.

While 270,785 of the 387,667 homes sold across Britain (70%) have seen the buyer backed by a mortgage, there is some regional difference. In London, 80% of all sales have come through homebuyers with a mortgage, with the East of England, West Midlands (72%), the South East and East Midlands (71%) also coming in higher than the national benchmark.

In contrast, the South West is home to the most cash homebuyers with just 64% of homebuyers purchasing via a mortgage.

With the capital home to the largest regional percentage of mortgage-backed purchases, London also accounts for the top three highest at local authority level. Lewisham is the mortgage hotspot of Britain for homebuyers with 88% of all transactions financed via the sector, followed by Barking and Dagenham and Waltham Forest (87%).

Slough and Crawley are home to the highest percentage of mortgage-based purchases outside of London along with Hillingdon (86%).

At the other end of the spectrum, just 40% of transactions in East Lindsey have been financed by a mortgage since the market reopened in May of last year. North Norfolk (43%), Argyll and Bute (44%), Torridge, Ceredigion (45%), Scarborough (48%), Rother, South Hams and Pembrokeshire also rank with some of the lowest levels of mortgage-financed transactions.

Enness Global Mortgages CEO Islay Robinson said:

“A lot has been made about the boost in buyer demand due to the stamp duty holiday, but it’s the continued low rates of borrowing that have really been the foundation of this heightened market activity.

While a stamp duty saving is nice, the ability to secure finance at a much lower rate of interest than historically possible has brought about a major boost to market sentiment in recent years and the impact is clear, with 70% of all transactions financed as such.


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(Seen  March 2021

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Lockdown helped third of UK homebuyers get onto property ladder

A third of UK homebuyers have been helped onto the property ladder due to lockdown according to new research by Yes Homebuyers.

A further 33% said working from home and a lack of commuting helped their savings, a reduction in family costs helped 10%, while 6% received an inheritance due to bereavement and 5% saved on rent due to moving back home with their parents.

Matthew Cooper, founder and managing director of Yes Homebuyers, commented: “There’s no-one on the planet who wouldn’t like to erase the last year from history and lockdown has been hard for so many people for a whole variety of reasons.

“At the same time, there have been some great stories of resolve, survival and adaptation emerging across all areas of life and this is indicative of our nation and how we come together when times are tough.

“While we’re all chomping at the bit to get back to some form of normality, it’s also great to see that for a third of homebuyers lockdown has, at least, helped them to achieve their goals of homeownership.

“With little else to spend our money on and a further saving due to the stamp duty holiday, there’s never been a better time to get a foot on the ladder and hopefully, many more will continue to benefit.”


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( Lockdown helped third of UK homebuyers get onto property ladder)
(Seen  March 2021

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Stamp duty holiday to be extended by three months

The stamp duty holiday will be extended by three months to the end of the June, The Times reports.

While it was reported that ministers would opt for a six-week extension for those already in the process of buying a house, mortgage lenders apparently told ministers this would not be long enough to stop sales falling through.

It seems likely the extension will just be for those already in the process of buying a house, or who have received a mortgage offer by a particular date.

An announcement on stamp duty will likely be made when Chancellor Rishi Sunak delivers his budget on March 3rd.

Rob Houghton, chief executive of really moving, said: “This policy has been critical in keeping the housing market moving through the pandemic but I would urge the government to restrict this extension to buyers already in the conveyancing process – so those who have had their offer accepted and appointed a solicitor to undertake the conveyancing work.

“This gives buyers who began their homebuying journey in good time but have been subject to delays, a new window to complete.

“While the holiday has been helpful for second steppers and those higher up the ladder, it has also caused prices to rise dramatically over the last year at the expense of first-time buyers.

“They have faced greater competition for homes, price increases and a restricted mortgage market – which led to a 12% fall in the proportion of first-time buyers in the market in the second half of 2020.

“Encouraging a new rush of buyers into the market could once again have a detrimental effect on first-time buyer share which has recovered strongly since the start of the year, back up to 58% of transactions from a low of 46% last September.”


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(Seen  January 2021

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The property market will continue to run despite the government introducing new lockdown measures.

Prime Minister Boris Johnson has instructed people to stay at home where possible, while schools and nonessential shops have been closed.

However viewings are still possible, while surveys are still being allowed to go ahead.

Tomer Aboody, director of property lender MT Finance, said: “Unlike the first lockdown, estate agents remain open for business and both sellers and buyers are still keen to proceed with their transactions.

“With lawyers, valuers and agents all still working, this should limit any further delays to transactions.

“It is now down to the comfort level of sellers in terms of allowing potential buyers in to view their homes and buyers feeling comfortable attending viewings. Extra caution will be taken on all sides to allow viewings to proceed.”

He added: “Our appetite to lend has not changed whatsoever. We feel the market won’t be disrupted as it was last year because there is an end in sight, thanks to the rollout of the vaccine programme.

“This, along with the fact that valuers and solicitors can still work and there is still access to properties, should provide further confidence for the housing market as a whole. Borrowers, in turn, will feel more confident that their transactions will complete.”

Jeremy Leaf, north London estate agent and a former RICS residential chairman, does expect the property market to be impacted.

He said: “While the property market remains open for business, the new lockdown will have some impact on surveyors, removals firms etc and in the circumstances, it would be prudent for the Chancellor to reconsider the stamp duty deadline.

“Those who have moved heaven and earth to meet the deadline should not now be penalised if they miss it through no fault of their own.”

Paul Offley, compliance officer at The Guild of Property Professionals, said estate agents have a moral obligation to work as safely as possible, given the situation.

He said: “With the rate of infections increasing once again due to the highly contagious variant of Covid-19 making its way through the country, now more than ever agents have an obligation to continue to act within a safe manner to ensure that they are protecting the public and doing what they can to minimise the spread of the virus.

“While physical viewings may be permitted by the government, given the current circumstances and resurgence of the virus, agents should ensure that physical viewings only take place as the very last step once they have gone through much of the process with potential buyers virtually.

“In fact, I would go as far as to say that in the current situation with the increased rate of infections, agents have a moral obligation to ensure that all buyers are taken through the process of virtually viewing a property before any face-to-face appointment takes place.

“Buyers should also consider whether there is a genuine need for the appointment to take place now or consider whether the appointment could be deferred until restrictions are eased.”

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(Seen  January 2021

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House Move Buying a house

The government doesn’t plan to extend the stamp duty holiday, which is due to expire at the end of March.

A petition was launched, which gained 22,156 signatures at the time of writing, asking for a stamp duty holiday extension for an additional six months.

In response, the government said: “The SDLT holiday was designed to be a temporary relief to stimulate market activity and support jobs that rely on the property market.

“The government does not plan to extend this temporary relief.”

The stamp duty holiday saw the starting threshold rise from £125,000 to £500,000 from July 2020.

The government said it launched the holiday in response to a 50% fall in property transactions during the first lockdown.

The idea was to stimulate immediate momentum in the property market and to support the jobs of people whose employment relied on custom from the property industry.

However the government added: “SDLT is an important source of government revenue, raising several billion pounds each year to help pay for the essential services the government provides.”

The delays in property transactions means there’s a danger that some buyers could miss out on benefitting from the holiday if they don’t complete by the end of March.


Original Article: Government not planning to extend the stamp duty holiday

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(Seen  December 2020

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Eight in 10 (84%) homeowners are planning to make their property more ‘green’ in the coming year, with reducing energy bills a key motivation, new research from plumbing and heating trade supplier City Plumbing has revealed.

Last week the government extended the Green Homes Grant scheme until March 2022, giving homeowners longer to make the most of the energy efficiency home improvement vouchers.

Two-thirds (67%) of those intending to make these changes said they are already aware of the government’s Green Homes Grant. A quarter (28%) plan to use the scheme, and 7% are already making use of it.

Steve Alldritt, technical director of City Plumbing’s energy efficiency team, said: “For homeowners, making energy efficient changes saves money in the long run, reduces environmental impact and can even make a property more appealing to future buyers. It really is a ‘win-win’ situation.

“The research shows that demand for ‘green’ upgrades is high, whether it is low carbon heating, biomass boilers or heating controls. The opportunity is there for tradespeople to benefit from.

“We are supporting tradespeople who are interesting in signing up for the Green Homes Grant scheme, with impartial advice, indemnified designs, project solutions and fast quotation turnaround.”

The most popular energy efficient home improvements are loft insulation (21%), followed by cavity wall insulation (20%), solid wall insulation – internal or external (17%), under floor insulation (16%), radiators (13%) and underfloor heating (12%).

Nearly a third (31%) of homeowners think that eco improvements could make their home more comfortable for them and their family, whilst a quarter (27%) believe it would make their property more attractive to prospective buyers.

Original Article: Eight in 10 plan ‘green’ home improvements in the next 12 months

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(Seen  November 2020

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Strong recovery in UK housing market, says Nationwide

UK house prices rose by 5% in September compared with a year ago, the Nationwide says, as the property market saw post-lockdown demand continue.
The annual rate of growth is the highest for four years, according to figures based on the Nationwide’s lending data.
The building society said activity had “recovered strongly” since coronavirus restrictions on viewings were lifted. But job fears ahead mean many young people have put moving plans on hold.


Price rises across regions

The Nationwide said that UK house prices rose by 0.9% in September compared with August.
In the three months from July to the end of September, UK prices were up 1.7% compared with the previous quarter and the average home cost £226,129.
Prices rose on a quarterly basis in most areas of the UK, the building society said.
“The rebound reflects a number of factors. Pent-up demand is coming through, with decisions taken to move before lockdown now progressing,” said Robert Gardner, Nationwide’s chief economist.
He said the temporary stamp duty holiday, which means no tax is levied on the first £500,000 of all property sales in England and Northern Ireland until the end of March, was “adding to momentum” by bringing purchases forward.
“Behavioural shifts may also be boosting activity as people reassess their housing needs and preferences as a result of life in lockdown,” Mr Gardner added.

However, the Nationwide has joined other commentators in warning of the medium-term impact of the pandemic on the housing market.
Lucy Pendleton, from independent estate agents James Pendleton said: “[House price growth] can’t continue forever, and it is very likely indeed that we won’t see a higher annual growth rate this year.”
The Nationwide’s Mr Gardner said younger people were much more likely to have put off plans than older people, reflecting concerns about job prospects, particularly as government wage support becomes less generous.
Potential first-time buyers have also found it difficult to secure a mortgage when they are unable to offer a large deposit, as lenders take a safety-first approach fearing defaults as finances are squeezed.

(Seen  September 2020

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