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    Rents Have Risen!

     

    The past 18-24 months have seen a massive increase in rental prices throughout the Poole and Bournemouth area.

    We are valuing rental stock, new and existing, with huge increases and properties are being successfully let at the new prices.

    Prior to the last couple of years, rents had remained static, but when Covid came and we saw an increase of out-of-towners looking for properties with gardens, this caused a huge demand and saw the rental prices going up.

    We are also seeing a lack of stock coming to the market, which again is increasing the rental prices.

    As a tenant, this is not good news, as we now have an increase in energy prices, fuel prices and cost of living being added on.

    Contrary to popular belief, many landlords are not making vast amounts of money on their rental properties and expect their investment to help them in their retirement years. Those landlords who are already retired, will also be impacted on the cost of living going up.

    It is always a hard decision for landlords to increase rentals when they have had long-standing tenants, this is where Move On can help, by being the negotiator between all parties, in an amicable way.

    At Move On, we make sure all our landlords can sleep at night, because this is what we do every day. We make sure we are always up to date with latest legislations, and we are often ahead of the deadline.

    If you would like a free up to date rental appraisal or fresh eyes over your paperwork to ensure you are compliant, then please contact me 01202 711169 or email sharon@moveon.biz

     

    Sharon

    Blog Articles

    Ground Rent Reform on Leasehold Flats

     

    The Leasehold Reform (Ground Rent) Act 2022 received Royal Assent on 8th February 2022 and formally entered the statute books.

    The terms of the draft legislation are to tighten up the risk of unscrupulous landlords exploiting loopholes and finding new ways of getting more money out of tenants (leaseholders).

    The government are looking to reduce grounds rents to be charged ‘peppercorn rents’ as they were historically. Anyone breaching the Act can see financial fines of up to £30,000.

    Although this is great news for anyone buying a leasehold property, sadly, this will not include existing leases for the moment, but a second bill has been promised in the future to address the problems with current leases.

    Timothy Douglas, head of policy and campaign at Propertymark, said: “This legislation is progress and whilst the unsuccessful amendment to remove ground rents from all existing leasehold properties would have strengthened the legislation, it is positive that ground rent charges will now be restricted on newly-created long leases of houses and flats to an annual rent of one peppercorn, a token of no financial value.’’

    At Move On, we make sure all our landlords can sleep at night, because this is what we do every day. We make sure we are always up to date with latest legislations, and we are often ahead of the deadline.

    If you would like a free rental appraisal and fresh eyes over your paperwork, then please contact me 01202 711169 or email sharon@moveon.biz

    Sharon

    About Move On Rentals

    Compliance

    Compliance

    Letting Agents are required to be a member of a redress scheme. We belong to The Property Ombudsman redress scheme, and you can seek redress by writing to the scheme at:

    Milford House, 43-55 Milford Street, Salisbury, Wiltshire. SP1 2BP

    Telephone no: 01722 333306

    Website:             www.tpos.co.uk/

    Email:                admin@tpos.co.uk

    The Property Ombudsman Logo

    2021 -TPO certificate - Move On Rentals

     

    Before a complaint can be escalated to the redress scheme, clients are initially required to go through our complaints procedure, a copy of which is available upon request.

    The TPO Code of Practice for Letting Agents can also be found here: TPO Code of Practice

     

    Client Money Protection

    From 1 April 2019 letting agents are required to have Client Money Protection. Our provider is ‘Client Money Protect’ and their website is www.clientmoneyprotect.co.uk. A copy of our Client Money Protection Certificate is here:

    Blog Articles

    Is Your Property Protected Against Fraud?

    Is Your Property Protected Against Fraud?

    Your property is probably the most valuable asset you own. That’s why it’s important you do whatever you can to protect it from the risk of fraud.

    Property fraud happens in many ways, but typically a fraudster will impersonate a homeowner and forge documents to try to persuade Land Registry to transfer the title into their name. They then either sell the property or use the property to raise a mortgage from a bank – and disappear with the money.

    There is an increased risk of fraud when:

    • Your property’s mortgage has been paid off
    • Your property is empty or you’re letting it
    • An owner is spending time abroad or is absent
    • The owner is infirm or in a nursing or care home
    • A relationship breaks down

    So what can you do about it?

    Land Registry have stopped hundreds of fraudulent applications on properties worth millions of pounds, and have a dedicated fraud team and work closely with the police and other agencies to reduce the risk of property fraud.

    You can sign up to get property alerts if someone applies to change the register of your property, for example if someone tries to use your property for a mortgage. This won’t automatically block any changes to the register but will alert you when something changes so that you can take action. You can get alerts for up to 10 properties – there’s no fee. You can do this by visiting https://propertyalert.landregistry.gov.uk/

    If you’re worried you may be the victim of property fraud, contact Land Registry immediately. You should also get legal advice and contact the police. For more information please go to http://www.landregistry.gov.uk/public/property-fraud.

    Have a good week!

    Sharon

     

    If you would like a friendly, no obligation chat regarding buying, selling, renting or investing in property, then  please email sharon@moveon.biz  or telephone 01202 711169.

    Blog Articles

    Summer Selling for an Autumn Move

    Summer Selling for an Autumn Move

    Summer is a great time of year to sell your home. With bright, sunny days, gardens at their greenest and flowers blooming, your marketing photos will look fabulous!

    More daylight hours and generally better weather than at other times of year gives people much more opportunity to view your home at its best and brightest. And there’s nothing like a sunny day to put people in a great mood, which means they’re more likely to have a positive mindset when they’re viewing.

    So, how can you best take advantage of the benefits of selling during the summer?

    Snacks on table

    Photographs

    The marketing photographs in your brochure and online advertising play a huge part in enticing buyers to view your home. Importantly, they’ve got to be in line with the season, so if your home’s already on the market and the photos were taken earlier in the year, we’d suggest you replace them with some up-to-date ones.

    Have the interior photographed when there’s maximum daylight outside so the sun streams in through the windows, really boosting the natural brightness of your rooms. And if you’ve got a patio, balcony or terrace, open the doors and have a shot taken looking either inwards or outwards – it can create a really captivating image, with a hint of ‘summer holiday villa’, which could be hugely appealing to many buyers.

    Two great times to have exterior shots taken in the summer:

    1. In the middle of the day, in bright sunshine. If you’ve got a good-sized garden, a shot from the end – front or back – looking towards your home and taking in the lush colours of the trees, flowers and shrubs can look beautiful.
    2. On a clear evening, around sunset. A mid-length shot of the front or back against the twilight sky, with exterior and interior lights on, can be quite stunning.
    Outside shot, back of property
    Picture by Steven Barber

     

    Styling your interior for summer vibes

    The styling of your home is important at any time of year to help buyers imagine themselves living there, and it should resonate with the season. To give your home that summer vibe:

    • Pack away any dark, heavy throws and blankets and replace them with lighter fabrics
    • Floral cushions bring a summer vibe to any room
    • White bed linen will help make bedrooms feel bright and fresh
    • Scented candles are a great aspirational and welcoming accessory all year round, so choose some light, floral scents for bedrooms and living areas
    • Any aroma that reminds people of being on holiday, such as coconut, can boost their positive mood even further! You could have some fresh coconut cake in the kitchen or a coconut diffuser in the bathroom.

    Of course, the glass surfaces in your home should be gleaming whatever time of year you’re selling, but it’s even more important that they sparkle in the summer light. It might be worth having the windows and glazed doors professionally cleaned inside and outside before you put your home on the market and perhaps periodically until you secure a buyer.

    Indoor/outdoor living is becoming increasingly popular, so fling open your sparkling doors and windows before people arrive to view, and have plenty of plants and flowers around your home – particularly near doorways – to help the flow of greenery from inside to outside.

    Flower pots on windowsill

    Showing your garden at its blooming best

    Many gardens are at their finest during the summer, but it’s the time of year when everything is growing quickly, meaning it takes a little more effort to keep everything looking fabulous. Some of our clients choose to get extra help from a gardening services company while their home’s on the market – so why not consider doing the same? It’s one less job for you to do, and you can be confident your garden will always make the best possible impression on buyers.

    Styling is just as important for the outside of your home as the inside, so think about things you could do to show off how you enjoy the garden. If you already have garden furniture, great; if you don’t, then it might be beneficial to buy a reasonably-priced table and some chairs, as that can really help set the ‘lifestyle’ scene outside when people come to view. Put a vase of flowers on the table and lay out some refreshments – even if that’s just a big jug of freshly-made lemonade and some glasses. The garden will look even more welcoming and inviting, which will encourage people to stay longer to appreciate everything your home has to offer.

    Summer garden furniture

    Families on the move

    For growing families, being cooped up together indoors over the winter months often makes them realise it might be time to upsize! And with school-age children on holiday, summer is a popular time for families to look for a new home, as they can all view together, find something everyone loves and then move in early autumn without disrupting the middle of the academic year.

    So, while demand tends to be strong across all types of home in the summer, we usually find the ‘family home’ market is particularly busy – especially for those homes that have generous gardens. As children get older, many families really appreciate having extra space outside, so summer is the perfect time of year to sell homes with large lawns, where viewers can watch their young ones safely running about and enjoying the space.

    And with high demand comes buoyant prices, which means you may be able to get more for your home than if you try to sell in the winter months.

     

    Would an open house suit you?

    Summer is also a great time of year to have an open house, where different buyers can view at the same time over a period of a few hours. In nice weather, buyers can spread out through your home and garden, take their time to view – and, as long as it’s dry underfoot, you don’t need to worry too much about your carpets getting dirty! While it might not be the right strategy for every home, for some it can be very successful in creating a buzz and encouraging great offers, so speak to your agent about whether it could work for you.

    Stylish home entryway

    Moving in the autumn

    Once your summer marketing has led to a successful sale and you’ve found a new home that you love, you can start planning the next exciting step. Moving in the autumn has its benefits, as it won’t be too hot or too cold when you’re shifting all your furniture and possessions in and out of buildings and vans – which removals companies certainly appreciate!

    And here’s a valuable tip if you’re using a removals company: contact them as early as possible, even if you don’t have a firm moving date yet and particularly if you’d like to move on a Friday, as that’s the most popular day. They can come and do their survey of what needs moving, give you a quote and you have the opportunity to negotiate the best possible price.

    While some people find moving house one of life’s more stressful events, doing it in the autumn means you’re nicely positioned between the rush of the summer and Christmas holidays, so you should have some breathing space – and you’ve got the festive season to look forward to!

     

    So, if you’ve been thinking of selling this summer, or perhaps you’re already on the market and are looking for a new approach to secure a buyer in time for an autumn move, we’d love to hear from you. Give us a call on 01202 711169 or email sharon@moveon.biz and we can get things moving right away to ensure you take full advantage of the summer buzz!

    Blog Articles

    40% of Tenancies Not Correct

    When it comes to claiming on tenant deposits, Tenant Voice recently claimed 40% of tenancies are incorrect, which often will lead to not only the tenants being awarded in their favour but also resulting in landlords being out of pocket.

    I have worked within the industry for over 30 years and owned Move On for 15 years. When you have been around for this long, there are rules we learn in books and training days, etc. and there are many things you learn through experience. I have got to where we have today due to the rigorous systems put in place. Those systems have been adapted over the years from experience.

    It always fascinates me that no matter how diligent our systems and checklists are, when we recruit a new person, something else will slip through. It does not concern me too much because we just simply add it to our checklist. All our tenancies are triple-audited by three separate pairs of eyes, prior to paperwork going out to be signed. I have often had staff ask me: “Do we have to do so many checks?” and my answer is…

     Yes, always.

    We are not perfect as humans, we are an extremely busy office and it is very easy to be distracted by a phone call or someone walking into the office, so triple-checking has to be done. To get a date wrong, a term wrong or have paperwork missing can result in the landlord not being able to claim through a rent guarantee warranty or in an eviction process as well as thousands of pounds of fines to the landlord and us as an agency.

    Deposits not protected or incorrectly prescribed information will find the landlord out of pocket of up to 3 times the deposit plus the deposit back.

    Renting out properties without the correct license will have the landlord not only fined/banned but also a rent repayment order of up to 12 months of rent.

    There are many agents out there, please don’t go for the cheapest, go for the one that gives you confidence that they absolutely know the law! In the end, the cheapest never ends up being the cheapest when it goes wrong!

    Keep safe,

    Sharon

     

    Remember a good letting agent is worth every penny when you know you can sleep peacefully at night.