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  • Property news

    2021 proved to be an exceptional year for the property market, with annual growth hitting 10.4% and prices are 15% above the level they were at just before the pandemic hit in March 2020. At the same time, thanks to the stamp duty holiday, the number of transactions came close to highs last seen in 2007 (source: Nationwide).   London had been lagging behind the rest of the country but after a slow start, showed signs of a sustained...

  • Making sure your property is fully compliant when you sell

    The property world is becoming ever more regulated and that includes what we do in our own homes. Keeping up with it all can prove challenging and many of us are either unaware of the full extent of the rules or are simply ignoring them. Up and down the country, people are adding light fittings or ordering incorrect replacement windows and doors without realising the consequences. You could land yourself with a fine of up to £5,000. Mostl...

  • Who’s going to pay for the replacement of dangerous cladding?

    Michael Gove has been in the news recently as he tries to tackle the thorny issue of who should pay for the huge cost of removing dangerous cladding on high rise buildings. In 2017, the Grenfell fire cost the lives of 72 people and cast huge doubts over the safety of many high-rise buildings. In response, the government tightened its safety guidelines and nervous mortgage companies began demanding to see proof high rise buildings complied b...

  • Market Update

    Because most of the indices are based on sold prices, they tend to lag at least 3 months behind Rightmove’s, which is based on current asking prices. As a result, so far only Rightmove’s shows the true effect of the stamp duty holiday extension. Their latest data reveals demand is now surging ahead of supply in many areas and is creating considerable upward pressure on prices.   Spring is already one of the busiest perio...

  • Rental market news

    The rental market continues to operate at two very different speeds. Homelet’s latest data shows the average rent rose by 0.3% between January and February and by 3.0% when compared to the same period last year. Ten out of the twelve regions saw significant rises during the last 12 months, with the East Midlands up by as much as 8.2%. If you take London out of the equation, the average rent rose by 6.2%. In the capital, annually, rents w...

  • Disclosure – what you need to disclose when selling a home

    Disclosure – what you need to disclose when selling a home   So, Manors have found you your buyer, you’ve accepted an offer, the champagne has been drunk and now it’s time to do the paperwork. If you haven’t sold a property for a few years, you might be surprised by how much there is. There’s the Sellers Property Information Form, the Fixtures Fittings and Contents Form and, for leasehold properties, th...

  • Damp and rental properties

    Damp, it’s extremely common, especially in older houses, but if you are a landlord, you have a legal responsibility to your tenants to deal with it.   But, don’t panic. Damp is not always as big a problem as it may seem and sometimes the cure can be surprisingly straightforward. With a little knowledge, you should be able to identify and fix some of the more obvious causes, or at least make you feel confident about call...

  • Mortgages and interest rates in 2021

    Mortgages and interest rates in 2021   In 2020, the mortgage market, like everything else, was heavily affected by the COVID crisis. At the start, lenders worried about the prospect of defaults and negative equity, began withdrawing their high LTV mortgages, squeezing many first-time buyers (FTBs) out of the market. The Stamp Duty holiday, however, ensured house prices remained stable and there were high levels of demand for those a...

  • How to prepare your house for sale in Marylebone

    How to prepare your house for sale in Marylebone   It’s been a while since we talked about preparing your home for sale or rent, so we thought we might give you a little reminder of what you need to do: 1)     Kerb appeal is incredibly important. If it doesn’t look right on the outside then any potential buyer may not even bother to go inside:   Wash and clean external doors and windows ...

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