Landlords have you considered the tenants’ changing priorities towards a rental property?
Priorities have changed for over a quarter of tenants following the pandemic and provoked them to think about how and where they want to live, according to The Property Academy Tenant Survey 2020. Space is becoming a very important aspect, when choosing a property and working from home has become very common. Landlords should consider […]
Improvements add value to your home
People have spent an increased amount of time at home this year encouraging home improvements. Builders have seen a 47% increase in their workload this summer and online planning applications have increased by 20%. Source: Dataloft, Planning Portal, NAEA On average, UK homeowners spend £48 billion a year doing up their homes. With a surge […]
Homes are moving 31% faster since lockdown
Homes are moving 31% faster since lockdown The time to sell a home has fallen by more than a quarter in the UK. No surprise considering buyer demand, since the start of the year, is +34% higher than over the same period in 2019. Source: Dataloft, Zoopla The number of days between first marketing a […]
Significant pick-up in the housing market
Significant pick-up in the housing market The July Sentiment Survey by Royal Institution of Chartered Surveyors, gauging the mood of agents, showed a significant pick-up in the housing market. The stamp duty holiday has increased demand in July, agents report a significant increase in new buyer enquiries and new instructions. Agreed sales have also risen, […]
Has Coronavirus changed Property Viewings?
Virtual Tours are now available for all of our properties Here at Excel we always dedicate our time and efforts into using the best technology and the most advantageous marketing tools available. We pride ourselves on having a modern, forward thinking approach and are always looking to apply this to improving the customer experience. We […]
What are the new Stamp Duty changes?
The chancellor, Rishi Sunak, has announced that from 15th of July 2020 until 31st of March 2021, there will be no stamp duty to pay on property purchases up to £500,000. What is Stamp Duty and how much would you normally pay? You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England […]
New legislation comes into force from 1st July 2020 for Electrical Safety Standards in the Private Rented Sector
The Government has now published the guidance for The Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020. Landlords will have to ensure every fixed electrical installation is inspected and tested before the tenancy begins, for all new private tenancies in England from 1st of July 2020 and existing tenancies from 1st of April 2021. As a landlord you will also need to make sure that the […]
The busiest time for the Rental Market
The Busiest Time for the Rental Market The rental market is about to enter its busiest time of the year. Analysis from Dataloft Rental Market Analytics reveals that 40% of tenancies are set to expire in July, August and September. Usually the surge in activity is a combination of students seeking accommodation, graduates starting new […]
Coronavirus (COVID-19): Landlord right to rent checks
Coronavirus (COVID-19): Landlord right to rent checks The below is advice for landlords carrying out right to rent checks during the coronavirus pandemic. Due to coronavirus (COVID-19), right to rent checks have been temporarily amended, to make it easier for landlords to carry them out. As of 30 March 2020 the following temporary changes have been made: checks can […]