Serving a notice under section 21 of the Housing Act 1988, has been one route for private landlords to seek possession of their property after the end of a fixed term of an assured shorthold tenancy. Are we now seeing the beginning of the end of section 21? How have we got here? On 2 … Continue reading Is there life beyond section 21?
At 1.3%, annual rental price growth across the UK in the year to May is at its highest level in 18 months, according to the latest figures released by the Office for National Statistics The East Midlands, South West and Yorkshire and the Humber are currently ranked the top three regions for growth, with rents … Continue reading Rental growth is heating up
Nearly 9 million households across England and half a million across Wales are classed as under-occupied, defined as having at least two more bedrooms than the household needs. The latest English Housing Survey estimates that half of all owner-occupied properties are under-occupied, while this figure is one in every eight in the private rented sector. … Continue reading Who lives in a house that’s too big?
On a seasonally adjusted basis, latest figures from the HMRC show the number of homes sold in April 2019 in the UK has risen by 0.8% compared to April 2018. This implies that confidence in the housing market is slightly higher than it was at the same time last year. Furthermore, it is also possibly … Continue reading Confidence on the up?
Household projections are a useful starting point for calculating housing needs. The latest projections are 2016-based for England, which estimate that 3,970,000 additional households will form between 2016 and 2041. In Wales, it is projected that 140,000 households will form between 2014 and 2039. The main projection shows how many additional households would form … Continue reading Family Homes Shortage?
This week (21st to 25th May) marks the biggest show in the gardening calendar, The RHS Chelsea Flower Show. Planting trends emerging from the garden designers this year include lupins, foxgloves and an abundance of British flowers Reflecting our love of horticulture, many English and Welsh home addresses feature floral names. In the last … Continue reading Flower Power
Wednesday 20th March marks the official start of spring, traditionally a busy time for the country’s estate agents. On average, over the past five years, March has been the busiest month of the year for property viewings, with May and then April following in second and third place. Indeed, if history repeats itself, agents will … Continue reading March Market Spring Up
The slew of new legislation either in force or in the pipeline appears to be geared to driving from the market both rogue landlords and rogue agents the consequences of which is aimed at driving up living standards and improving conditions for tenants. Tenant Fees Act 2019 The Chancellor of the Exchequer announced the … Continue reading Driving out ‘rogue’ landlords
Nearly one quarter of new tenancies agreed in the last year were for rentals where tenants included children in the household. Of these, half were for families that included one child, while 37% of tenancies involving children were for families with two children. These figures remain remarkably consistent across all regions of England and Wales. … Continue reading Rising number of families in the private rented sector
It is widely expected that come the 31st March 2020 the selective licensing scheme operating in Waltham Forest will be extended for a further 5 years. Last year Newham extended their licensing scheme and Redbridge has recently introduced two new licensing schemes of their own, so it’s important for landlords to keep an eye on … Continue reading Legal Update Feb 19
The Ministry of Housing, Communities and Local Government (MHCLG) has announced the introduction of mandatory electrical installation checks for private rented housing in England, a move which we welcome and one that will give landlords absolute clarity. In some cases, these checks are already required, such as with HMO’s or as a condition of licence, … Continue reading 5-yearly electrical installation checks to become mandatory
From 1 October 2018 new licensing rules will apply for Houses in Multiple Occupation (HMO) in England in relation to the number of storeys. We will also see the introduction of minimum room sizes and the requirement for adequate domestic refuse facilities in licensed HMOs. Please note that various councils may also be operating a … Continue reading Will your HMO become subject to mandatory licensing ?
Trading Places have a strong presence in the community and local life in Leytonstone. We want to share this with you so you can also join in. May’s Highlights LUNA LOUNGE 5th May 6 PM Stelios Kyriakidis- guitar solo 8 PM Prime Panda is a new 5 piece of awesomeness from London. A modern psychedelic take … Continue reading Leytonstone Local News
Properties in Leytonstone and surrounds increased in value by two percent last month, bringing the average price of real estate in the area to £610,074. But it’s good news for first-time buyers and ‘second steppers’ where the average price of property in both sectors has fallen throughout the UK. One and two bedroom properties fell … Continue reading Property Values in Leytonstone Experience Monthly Increase
An eight-week consultation aimed at tightening up electrical safety regulations for landlords ended on April 16 this year. Introduced by Housing Minister Heather Wheeler in an effort to make buy to let and shared housing safer for tenants in the private rental sector, it is asking for a raft of new measures including: electrical safety … Continue reading New Tougher Electrical Safety Regulations for Landlords on the Way
Buy to let is an area of investment that can reap large yields – provided you choose the right property in the first place. Let’s explore what you can look for … Find the right location. One of the most important areas in this respect is to – literally – find the right area in … Continue reading How to Choose the Best Investment Property
Today an increasingly popular route to property ownership for many young people, and indeed those in their 30s and 40s with families is either via inheritance or a loan from mum and dad. This is despite the fact that employment is higher than ever before and unemployment the lowest since the 1970s. The reason … Continue reading Bank of Mum and Dad: Rising Trends
At the risk of blowing our own trumpet, here at Trading Places, we are delighted to be able to tell you that we won gold at the British Property Awards this year. Our first place ranking means we came first mean the estate agencies in the E11 postcode area. A prize-winning team effort from all … Continue reading Trading Places Offers You Award Winning Services
The recent ARLA PropertyMark survey revealed that the lack of available (close gap) properties for rent in the Capital in January this year was ‘at a critical point.’ This was because there was 46 percent less rental properties available than the UK national average. London rental property numbers in steep decline There were, for instance, … Continue reading London on the Look-out for More Landlords
The value of property in Leytonstone continues to increase, owners who are about to put their homes on the market will be delighted to hear. The amount prices have jumped by over the past month is 1.1 percent, according to the monthly Rightmove Price Index portal. It brings the average price in the area now … Continue reading Leytonstone Property Prices See Second Highest Rise in Capital
More would-be property buyers secured mortgage funding approval in January this year compared to the previous month, according to latest figures revealed by the Bank of England. A total of 67,478 mortgages were approved while another 49,242 remortgages went through, analysts reported. The reason for the increase is partly down to the fact those households … Continue reading Prospective House Buyers Act Before Anticipated Bank Hike
Living in Leytonstone and keeping a keen eye on the property market, you could be forgiven for thinking the world of house buying and selling was all a little fickle. Why? Because last month property prices in the area had taken a real slump – 3.3 per cent down on the previous month and a … Continue reading Property Prices in Leytonstone See Biggest London Rise in February
Stamp Duty is a tax levied on the purchase of a house in England, Wales and Northern Ireland (in Scotland it’s known as Land and Building’s Tax). It’s a tax based on a sliding scale in terms of the more the property is valued at, the higher the stamp duty will be (and the higher … Continue reading Delivering an Understanding of Stamp Duty
Once February 2018 is done and dusted there is a very strong chance that mortgage rates will start going up. Why? Because, quite simply, there is no longer anything to stop them. Or at least, the Term Funding Scheme (TFS) comes to an end. Introduced by the Bank of England just days after Britain voted … Continue reading Why You Really Should Consider that Remortgage – Pronto!
Been thinking of selling your home for a while now but keep putting it off because well… it can be pretty daunting having to keep your home looking its best 24/7 for several weeks while potential buyers call round? So, in order to make your house sell as quickly as possible here’s three top house … Continue reading Put a Spring in your House Sales
The newly-published guidance for the government’s proposed new minimum energy efficiency standard is starting to draw attention, and with only a few months left before its arrival, many landlords are starting to ask questions. As from April 2018, landlords whose properties have a poor Energy Efficiency Rating will need to act if they are to … Continue reading Landlords to take heed of new EPC guidance
Not surprisingly, considering the time of year, there were fewer buyers out and about over the recent festive period which is one of the reasons property owners in TFL’s zone three saw a fall in the value of property last month. According to online property portal Rightmove’s House Price Index, the average property in Leytonstone, … Continue reading Competitive Pricing by New Sellers in Zone Three Hits House Prices
There’s no hard and fast rule about when the best time to put your home on the UK property market is. It depends on a number of factors, not least the season, whether or not interest rates are about to go up and how your own house hunting is going. Then there is the local … Continue reading When’s the Right Time to Sell your Property?
If you happen to be a millennial today – and one of the thousands of individuals or couples struggling to get on the UK housing ladder then, understandably, you may be looking to the “Bank of Mum and Dad” for help. There’s not much else you can today anyhow if you’re looking for finance. And … Continue reading Millennials too Late to Benefit from Huge Inheritance
Our home is our castle, as the adage goes – but that’s not always the case. Because a castle – or rather a fortress – is somewhere we regard as being secure and impervious to invaders. And yet between April and June last year, there were 44,363 residential burglary cases recorded by police forces across … Continue reading How to Improve your Home Security
On Rightmove, price reductions are becoming a daily occurrence with agents across the capital spending more of their time trying to sell their stock and successfully progress their sales. The market has changed, but more importantly, the industry has changed, so what might this mean for 2018. When the market gets tough, the true value … Continue reading When the Going Gets Tough
When it comes to choosing your Christmas wine selection, why not take advantage of the expert advice available to you right here in Leytonstone, at the Theatre of Wine. Take a look at their Christmas offers, there’s something for everyone. Christmas+Offer+2017
The Bank of England’s Monetary Policy Committee has today announced a rise in the Bank of England base rate of 0.25% – the first increase in over a decade. The base rate is the figure on which mortgage rates, in particular, are based, and a whole generation of aspiring homeowners will be wondering what to … Continue reading Interest Rate Rise – Market Comment
When: 5 November Where: Chestnuts Field, Waltham Forest Town Hall This November 5th sees the return of the annual Waltham Forest Bonfire Night. Come and enjoy the free dazzling spectacle at Chestnuts Field, Walthamstow between 6.30pm – 9pm. Expect the show to be bigger than ever, with gates opening for the fun fair at 6.30pm. … Continue reading Annual Waltham Forest Bonfire Night
There now seems to be a very different vibe to the property market, with a number of reports suggesting that in some areas the market is changing from being a sellers’ market something that looks a lot more like the beginning of a buyers’ market. The latest survey by the RICS reports a 20% increase … Continue reading October 2017 Market Comment
Located in East London, as part of Waltham Forest borough, Leytonstone is just 7 miles from Charing Cross. With a population in excess of 12,000 people, it may not be the biggest area of the East End but a lot of people like the mixture of new and old that is found in modern day … Continue reading Leytonstone: Your Essential Area Guide
We are often asked by our clients whether they should withdraw their property from the market once an acceptable offer has been made. There are a number of angles on this subject which should be considered in the context of each specific set of circumstances. Firstly, from an ethical perspective, it could be argued that … Continue reading Should I cease marketing my Property following an Offer?
If you’re thinking of moving, beware of the latest ploy being used by some a number of desperate agents. It works like this. The agent advertises a surprisingly low commission to entice you, as a prospective seller, to invite that agent to your home with a view to listing your property with them. They might … Continue reading WARNING! Up-front estate agency fees do not add up!
August is a tricky time to comment on the property market. The market is usually understandably subdued during prime holiday season. Spring 2017 was hardly deluged with fresh stock, so many buyers have remained active this summer. This is one of the reasons why prices have generally been upheld during this traditionally quieter period, with … Continue reading Monthly Market Comment
Trading Places' monthly market report for July 2017. Including information about identity theft when moving house and consent to let.
“Phew, what a scorcher” as the tabloids would say. The hot weather we experienced last week is a mixed blessing; if you’re on holiday, then the warm sunny days certainly bring out the best of the British coast and countryside. But if you’re working either outside or in a non-air-conditioned office then life can be very uncomfortable.
Landlords will most likely be aware that from April 2018 the MEES (Minimum Energy Efficiency Standards) Regulations will make it unlawful to let buildings (both commercial and domestic) in England and Wales which do not achieve a minimum Energy Performance Certificate (EPC) rating of ‘E’.
Leytonstone Arts Trail 2017 It’s that time of year again when it seems everything is going on (you’ll be spoilt for choice in July). The Leytonstone Arts Trail takes place between 1st & 9th July, with exhibitions, open studios and events taking place across Leytonstone and surrounding areas, featuring local artists. To find out more … Continue reading Local News
From types of paint to floor coverings, bathroom fittings and woodwork, we present our best tips for landlords.
We understand the disappointment of vendors whose experience of the sales process has fallen short of their expectations. This disappointment can sometimes be the result of setting your expectations too high or perhaps being influenced by having such high expectations in the first place, as a result of poor advice and decision making. It can be difficult trying to adapt mentally, especially if choices and decisions are based on achieving a certain figure. A prime example where this can be particularly stressful is when selling for the final time, with dependence and reliance on the money generated from the sale. Unfortunately, once a property has been on the market for some months, the chances of finding a buyer willing to pay your desired price are reduced.
The unexpected hung parliament might appear to have once again cast a shadow over the housing market. Or maybe not! We know that the stability and strength proposed by Theresa May might not be delivered after all, but is that really so bad for a market already in danger of overheating? Certainly, the lack of … Continue reading Election Special Market Comment
This year we welcome our first ever Summer Fest to the borough. The latest addition to the Get Together series sees a new summer festival which combines craft beer and sport. Check out the latest offering from HemingwayDesign, take part in Tour De Waltham Forest and watch some great sports or event have a go … Continue reading Summer Fest
The Repair Café Leytonstone When: 11am – 2pm Waltham Forest Council has partnered with The Restart The Repair Café Leytonstone lets residents learn how to fix their electrical items, clothes and bikes for free. There will also be free advice on how to upcycle furniture and clothes, which can all be enjoyed over a slice … Continue reading The Repair Café Leytonstone
Estate agency is an intensely local business. It is essential that agents are fully conversant with the issues of the day relating to property within what is often no more than a mile or two from their office. Ideally, they will themselves be resident in the area in which they are selling.