Property Market Update: What’s Been Happening In The UK Property Market July 2021

Property Market Update: What’s Been Happening In The UK Property Market July 2021

The Gloucestershire property market is continuing to enjoy a boom, with prices also reaching record highs nationwide. With demand far outweighing supply, many buyers are increasingly paying more to secure their dream properties.
Read on to find out more, with some of July’s key headlines across the UK property market:

UK Prices Reach Record High In Buying Frenzy

The average asking price of a UK home has reached a new high according to the property website Rightmove.

Figures that are due to be released shortly will show a new peak, surpassing the previous record that was set back in May.
Rightmove also confirmed that the first six months of 2021 have been their busiest since 2000 as buyers rushed to complete their purchases before the phasing out of the stamp duty holiday.

The pricing boom has partly been caused by a shortfall in properties on the market. Rightmove confirmed that 140,000 more sales were agreed in the first half of the year than the long term average, however, there were 85,000 fewer new listings, leading to a shortfall of 225,000 properties, which has put sellers in the driving seat when it comes to negotiating as demand for properties continues to outweigh supply.

Stamp Duty Holiday Winds Down

The government’s stamp duty holiday is now winding down.
The scheme, which was introduced to stimulate the housing market during the Coronavirus pandemic has been an overwhelming success, with savings of up to £15,000 for some buyers.

That saving has now ended, however, buyers can still save up to £2,500 on stamp duty if they complete before the 30th September.
And the housing market is expected to remain strong, despite the ending of the stamp duty holiday.

Biggest Rent Rises In Coastal And Commuter Towns

Property website Rightmove has announced the towns and cities with the highest rent increases in the past year with coastal and commuter towns seeing the biggest jump.

Rochdale, Farnham and Folkestone have all seen average rents increase by more than 25% as tenants look for more space away from the major cities.
However, the recent easing of Covid restrictions has also seen some of the UK’s major cities begin to make a comeback, with renters looking to move back to city life.

Prices have risen 6.8% in Nottingham, and 3.8% in Liverpool compared to a year ago, however, in London and Edinburgh, rents are still lower than 12 months ago, at 6.8% and 4% respectively.

Self-Employed and Furloughed Workers Refused Mortgages Over Covid Grants

Self-employed people who have received government grants during the pandemic are being refused mortgages by many high street banks.

NatWest and the Royal Bank of Scotland have confirmed they’re not accepting applications from anyone who applied for a self-employment income support grant after 14th July 2020, while employed people who have been on furlough are also not having their applications accepted by many major lenders.

Self-employed workers are also being asked to come up with a higher deposit by some of the major high street banks. Metro Bank has confirmed that a deposit of at least 20% is required, while Santander wants a minimum of 25% before lending to self-employed workers.

It’s not all doom and gloom though as interest rates remain low!

The North West Continues To Lead The Housing Boom

Prices in the North West of England have risen by more than 15% over the past year, making it the area that’s seen the biggest increase across the UK.
Wales and Scotland aren’t far behind, having seen 10%+ increases too, but London has seen the smallest rise in prices, at an average of 5.2%, as buyers have increasingly looked to move away from the city to find more affordable properties with additional space.

Some Homebuyers Still Face Lengthy Search Delays

Homebuyers in some areas are still facing lengthy delays for council land searches. Increased demand has left some buyers facing an average wait time of 55 days for searches to be completed when the target is 10 days. Conveyancers and local councils are playing catch-up after the stamp duty holiday rush.
If you are considering buying or selling, TG Sales & Lettings are your local property experts for the Gloucestershire area. Call us on 01452 300822 or email rachel@tgres.co.uk to chat with a member of our friendly and experienced team.

Property Market Update: What’s Been Happening In The UK Property Market June 2021

Phew! It’s been a crazy busy one for us and indeed most agents throughout the UK. The UK property market is continuing to enjoy a boom, with prices still rising in most areas, although with the first stamp duty deadline looming, prices may begin to plateau slightly. Meanwhile though, this has led to record house prices and a skills shortage in the construction industry.

Read on to find out more, with some of June’s key headlines:

Half-Price Homes Scheme Launched

First-time buyers could soon be benefiting from a 30%-50% discount on a home under a new government scheme.

The First Homes initiative is being aimed at local and key workers, including nurses, teachers and supermarket staff, and it will help them to get on the property ladder with a minimum discount of 30% on new homes that are part of the scheme.

The same discount would then be passed on to future buyers in order to keep the homes available to members of the local community at below market rate.

The homes will also be available with just a 5% deposit, as major high street lenders such as Nationwide and Halifax have agreed to offer 95% mortgages on properties purchased under the scheme.

The scheme launched in the Bolsover district of Derbyshire in early June, with further sites to be announced in the coming weeks, and an additional 1500 homes joining the scheme this autumn.

The government has also pledged to add a further 10,000 properties to the scheme every year as part of a major initiative to provide affordable homes to locals.

Click here to find out more about the First Homes scheme.

Average House Prices Reach Record High

The average selling price of a UK home reached a record high of £261,743 in May, and it’s predicted to continue rising according to one of Britain’s biggest mortgage lenders.

The report from Halifax says that the average house price has increased by £22,000 since May 2020 – that’s an annual increase of 9.5%.

This follows similar findings from Nationwide, which reported an increase of 10.9% across the same period.

And with the stamp duty holiday still in place, albeit on a reduced rate, until October, along with the traditionally busy summer period, there could well be further increases to come.

Over 50% Of Homeowners Live In Homes That Fail To Meet Their Needs

A recent survey by property listings website Zoopla has found that more than half of homeowners are stuck in properties which don’t meet their needs.

Most of those quizzed pointed to a lack of space either in the home, or outdoors, while over 25% said they live in an area that they don’t want to be in.

The study of 2,400 homeowners also found that the average person required a home worth an extra £125,000 in order to be suitable for their needs.

It was also revealed that people typically stay in their home for more than four years after realising it’s not right for them.

The coronavirus pandemic has led to many homeowners reassessing where they live, with extra outdoor space and office space being two of the key things people are now looking for from their next home, as they increasingly spend more time living and working in their properties.

Renting Now Cheaper Than Buying

Research by estate agents Hamptons has found that the cost of renting is now cheaper than buying for the first time since December 2014.

Prior to the coronavirus pandemic, buyers with a 10% deposit would be better off than renters by £102 per month.

By last month however, private tenants are better off by an average of £71 per month compared to homeowners.

Only four areas of the UK currently buck the trend – the North East, North West, Yorkshire and Humber, and Scotland.

The trend of higher rents is not expected to continue in the long-term though, with the gap expected to close towards the end of the year before reverting to normal in 2022 when the housing market is forecast to slow down again following an exceptionally busy few months in 2021.

Increased Demand Leads To Construction Industry Boom

Increased demand for home improvements, driven by the pandemic, has led to a boom in the construction industry.

However, a shortage of tradespeople means thousands of extra workers are required, with a report by the Construction Skills Network concluding that an extra 9,250 workers are needed by 2025, just in Wales alone, in order to meet demand.

It’s a similar picture across the UK as a whole, with construction work set to grow by 4.4% on average until the end of 2025.

If you are considering buying or selling, TG Sales & Lettings are your local property experts for the Gloucestershire area. Call us on 01452 300822 or email rachel@tgres.co.uk to chat with a member of our friendly and experienced team.

 

The Conveyancing Process Explained – A Step by Step Guide for Home Sellers in Gloucestershire

The Conveyancing Process Explained – A Step by Step Guide for Home Sellers in Gloucestershire

Selling a property can be a very confusing and lengthy process but having a good solicitor or conveyancer will help it to run as smoothly and efficiently as possible.

Here is an easy step by step guide to the whole conveyancing process.

Find a Conveyancer

The conveyancing process formally starts when you’ve accepted an offer on the property.

However, it’s recommended that you have a conveyancer in place before accepting an offer so that they can get the process started immediately and avoid delays.

When it comes to choosing a conveyancer, speak to two or three and get some quotes before deciding who to go with. Speak with our team at TG Sales & Lettings as we will be able to recommend too. Alternatively, if you have friends or family who have recently moved, find out who they used and if they were happy with them.

Don’t just go for the cheapest option, it could cause major issues further down the line if they cut corners!

Sign the Conveyancer’s Letter of Engagement and Verify Your Identity

Once you’ve chosen a conveyancer and discussed the fees involved, you’ll need to sign their letter of engagement. It’s only at this point that you commit to using their services. You will also need to verify your identity and address in the form of a passport or driving licence and supply a mortgage statement or utility bill for example.

Complete Questionnaires

Your conveyancer will send you some forms to complete, including a Property Information form and a Fittings & Contents form.

It’s vital that you complete these honestly, as failure to do so could lead to delays later in the process.

The Property Information form is where you tell the buyer about any changes that have been made to the property, such as extensions, solar panels or a loft conversion. You’ll also need to provide any supporting documents you have, so if your double glazing is still under warranty or you have paperwork to show that your boiler has been serviced in the last 12 months, you will need to provide copies.

When it comes to fittings and contents, you don’t need to decide what you’re leaving behind at this point, you can confirm later or leave it open to negotiation. Your conveyancer will be able to advise how to complete the form if you get stuck.

Speak to Your Mortgage Provider

Assuming that you have an outstanding mortgage on your property, you will need to contact your mortgage lender and inform them that you’re in the process of selling. They’ll be able to advise you about paying off your outstanding balance when the sale goes through, or porting your mortgage, which essentially means transferring it to your new property.

Draft Contracts

When your conveyancer has received your completed forms, they’ll draw up a draft contract to send to the buyer’s conveyancer.

The contract will outline which fixtures and fittings are to be included, along with copies of all the supporting documents you’ve provided.

It will also give a date for completion, which is typically around two to four weeks after the exchange of contracts.

The draft contract stage is usually the point where most of the negotiations take place, including the final price of the property.

It’s also at this stage where you’ll need to allow for the buyers to have a surveyor come in and inspect the property. Depending on the answers you’ve given in the questionnaire the buyer may also want other professionals to come in and carry out inspections, such as a plumber or electrician.

They may also request that you pay for the costs of any further inspections or repairs, but you will be under no obligation to agree to this. However, it’s at this point that a buyer may try to renegotiate on the final price of the property to take the extra costs into account.

Exchange of Contracts

Once the buyer is satisfied with the condition of your property and a final agreement has been reached on the price, including all fixtures and fittings, your conveyancer will exchange contracts with the buyer’s conveyancer.

Between Exchange and Completion

At this point both you and the buyer are fully committed to the sale of the property. You’ll receive the buyer’s deposit and if either party pulls out, they’ll open themselves up to legal action.

Completion

This is the day on which you hand over the keys to your property. The completion date is usually around two to four weeks after the date of exchange, but you can ask for this to be extended, or in some cases, shortened.

The date of completion is also the date on which you’ll receive the outstanding balance for the property from the buyer.

If you are planning on selling in the Gloucestershire area soon, why not telephone us on 01452 300822. We’ll be happy to advise you and help with your conveyancing needs.

Latest News: What’s Happening in the UK Property Market April 2021

April-2021-Property-Market-Update copy

The past few weeks have seen a very busy property market, especially here in the Gloucestershire area. The weather has certainly changed, and lockdowns have eased, adding to a general feeling of confidence and a theme of “getting on with things”.

But what’s it been like across the country? Well, if you look at the statistics, it’s been very good news across the board. House prices are up, and a lot of transactions are being lodged.

It also seems that conveyancing companies and solicitors have been taking on more staff to cope with demand.

Several stories have caught our attention this month, and so we feature them in this month’s news round up. Don’t forget, if you want to know more about what’s happening locally, just get in touch with us on 01452 300822 or email rachel@tgres.co.uk.

Prices are on the Up

House prices in March had a bit of a resurgence, according to the figures collected by the Halifax in its House Price Index.

The HPI reported that “on a monthly basis, house prices in March were 1.1% higher than in February”, and that “in the latest quarter (January to March) house prices were 0.3% higher than in the preceding three months (October to December)”.

This is good news for the sector, after what some might say was a sluggish start to the year.

Russell Galley, Managing Director, Halifax, said: “Following a relatively subdued start to the year, the housing market enjoyed something of a resurgence during March, with prices up by just over 1% compared to February. This rise – the first since November last year – means the average property is now worth £254,606, a new record high.”

There’s no doubt, if you’re looking to sell your Gloucestershire home, that now will be a good time to get a great price.

Hidden Equity Revealed

Research from Zoopla, the property data website, says that “almost half of UK homeowners are undervaluing their home, with their properties worth nearly £50,000 more than they realised”.

Essentially, Zoopla’s inaugural Hidden Equity Survey looked at how much homes had been sold for or had had their homes valued at, against how much people thought their properties were worth.

The results show that only “three out of 10 people have an accurate idea of how much their home is worth, with 45% undervaluing and a quarter overvaluing their property.”

Transactions not Taking a Holiday

Many outlets are reporting that March was a bumper time for housing transactions. HMRC released figures that showed how UK residential transactions in March 2021 had been impacted by the coronavirus (COVID-19) pandemic, and also the so-called holidays for Stamp Duty, Land and Buildings Transaction Tax and Land Transaction Tax.

Figures show that the “provisional seasonally adjusted estimate of UK residential transactions in March 2021 is 190,980”. This is double the number of transactions in March 2020 and 32.2% higher than February 2021.

Additionally, the “provisional seasonally adjusted estimate of UK non-residential transactions in March 2021 is 12,530”. This is 53.0% higher than March 2020 and 24.5% higher than February 2021.

These really do show that the property market has been hugely impacted by the holidays and means more people than ever are buying homes.

Location for Renting Divides the Age Groups

This is an interesting one that we have seen reported and it’s based on a Deposit Protection Service (DPS) survey of tenants who moved in the six months up to January 2021.

The results show that when you look at who is moving where, older people are more likely to be heading to rent in the countryside while younger people are moving to the towns.

Matt Trevett, Managing Director at The DPS said: “The lifting of Government restrictions on house moves following the first 2020 lockdown led to significant shifts across renting demographics as respondents reassessed their needs during the second half of the year. There seems to be a much stronger demand among younger tenants for properties in towns rather than cities and rural locations, which we believe was partly provoked by more widespread working-from-home policies.”

If you would like to know more about sales or lettings in the Gloucestershire area, call us on 01452 300822.

 

 

Latest News: What’s Happening in the UK Property Market March 2021

Once again, it continues to be a busy time in the property sector. The property market is inextricably linked to wider economic issues, so it’s no surprise that government decisions and the pandemic will affect what’s happening locally.

As far as we are concerned, we continue to be busy and we’re still seeing lots of interest in the Gloucestershire area.

At TG Sales & Lettings, we always keep up to date with the property market, so here’s a helpful roundup of some of the property market news over the past couple of weeks.

Don’t forget, if you want to know more about the local market in particular, drop an email over to us at rachel@tgres.co.uk.

It’s A Moving Business

We often talk about property – which is obvious since it’s our line of business – but we thought we’d start this month’s news update with talk from the removals industry.

Today’s Conveyancer recently ran an interview with a couple of businesses in the removals sector which interestingly stated that for one particular company, stats showed “registrations for their removal services in August 2020 didn’t hit the same peaks as they had done in 2019. However, their data showing the first couple of months of 2021 have shown that demand for the services is indeed still at an all-time high.”

This is good news for the sector and correlates with the market we are seeing, which has faced some uncertainty over recent months.

Market Dips, But Prices Stable

The Halifax House Price Index shows that prices in February 2021 were 5.2 per cent higher than the same month a year earlier. The bank says that the market dipped slightly in February but prices remained stable, with the average property price being £251,697.

Russell Galley, Managing Director, Halifax, is quoted as saying: “In the longer-term, the performance of the housing market remains inextricably linked to the health of the wider economy. The pace and extent of recovery are still highly uncertain, and much will depend on the ongoing success of the UK’s vaccination roll out.”

We agree that the market is linked to the economic situation, but at the moment, it’s a buoyant market in Gloucestershire.

Stamp Duty Holiday Extension Welcomed

Perhaps one of the most eagerly-anticipated news items of March was the extension of the temporary stamp duty holiday (in England and Northern Ireland), which now runs until the end of June.

The announcement came as a relief to many homebuyers, especially those mid-transaction, and there is little doubt that the holiday gave the market the shot it needed. Indeed, Rightmove’s property data expert Tim Bannister said that the extension “should give tens of thousands of home-movers the chance to complete before the new deadline”.

Echoing these thoughts was Zoopla, the property portal, which said that buyer demand soared, but warned that supply remained tight, thus pushing prices upwards.

Eviction Ban Extended

One for the landlords here, as many news outlets reported, the ban on tenant evictions has been extended. Zoopla says that under the ban, “bailiff-enforced evictions will not be allowed except in the most serious circumstances, such as cases of fraud or domestic abuse”.

Additionally, “the requirement for landlords to give their tenants a six-month notice period before they can evict them has also been extended until the end of May”.

Good news for tenants, but for landlords who have issues with a tenant, it may not be so welcome. If you need help managing your property portfolio, we’re happy to assist. Just get in touch and we’ll have a chat about what we can do to help alleviate the stress.

Key Info To Be Shared Earlier?

This is an interesting one, reported on by Property Wire. The Law Society and its partners are looking at making “key information for home buyers and sellers available at a much earlier stage in the conveyancing process”.

If the pilot currently being rolled out proves to be successful, it means information normally sourced after conveyancers have been instructed will be available earlier in the process via the TA6 form. This is typically information relating to the property to be purchased, for example, parking arrangements, Japanese knotweed and flooding risks.

This could definitely change how things are done and makes a certain amount of sense, informing a potential buyer of the information they need to make an informed decision .

We’ll keep you updated as this progresses.

In the meantime, if you need help buying or selling, in Gloucestershire then please get in touch on 01452 300822 or email us at rachel@tgres.co.uk.

We’re here to help you get moving.

 

Rishi Rubber Stamps Homes Duty Holiday Extension!

It’s happened – after lots of rumours, and arguments for and against the continuation of the Stamp Duty Holiday in England and Northern Ireland, Chancellor Rishi Sunak yesterday announced that the Stamp Duty Holiday will be extended until the end of June… and then there will be a further extension to September with different terms.

We firmly believe the news from this week’s budget is great for homebuyers in Gloucestershire who may have been concerned that their transactions would not complete in time to take advantage of the savings – and of course, it also means that some pressure will be lifted on conveyancers, surveyors and lenders.

The original Stamp Duty Holiday in July 2020 was a shot in the arm for the property market with homebuyers positively flocking to take advantage of it.

It was a major boost to the whole market and now this further extension and also the introduction of the new mortgage guarantee scheme will further boost the property sector.

Stamp Duty Holiday Extended

Stamp Duty is a tax on property, with certain amounts needing to be paid dependent on the price of a property. Back in July last year, Mr Sunak told homebuyers that they no longer needed to pay it on the purchase of a main home up to £500,000.

This was fantastic news and boosted the market across the UK – something that was very much needed during these uncertain times.

As the budget approached, there has been much speculation and even petitions calling on the Stamp Duty Holiday to be extended – and finally it has been, until June 30, 2021.

And there’s more!

After June, the price point at which you need to pay Stamp Duty will be £250,000 (originally it was £125,000). After that, from October 1, it’s back to normal and down to £125,000.
This should reduce worries about whether purchases agreed will miss the original deadline for the nil-rate tax.

We believe that Stamp Duty should be due for a more comprehensive overhaul long-term, so expect this to remain in the news over the coming months! Meanwhile, if you’re thinking of selling your property in Gloucestershire, there’s still time to get moving.

Mortgage Guarantee Scheme from April

In addition to the headline-grabbing news about Stamp Duty, Chancellor Rishi Sunak also announced that the Government would guarantee 95 per cent mortgages for property purchases up to £600,000.

This is stellar news because lenders should now have the confidence to lend as the Government will back portions of the mortgages. If you are a first-time buyer wanting to get on to the property ladder, it means you do not have to save quite as much money for a deposit.

This is excellent news for first-time buyers, who want to get on the property ladder and for existing homeowners who want to re-mortgage to release equity or to trade-up.
Give our office a call on 01452 300822 or email rachel@tgres.co.uk if you are considering moving in the Gloucestershire area.

What’s Happening in the UK Property Market

And so, we are at the end of February already, and what a busy month we have had at TG Sales & Lettings.

Hot News: Stamp Duty Holiday To Be Extended

The Stamp Duty holiday has caused a huge increase in people wanting to move in the Gloucestershire area before the deadline on 31st March. Unfortunately, conveyancing back-logs and delays in land searches have led to the probability of some buyers missing out.

However, as part of his budget plans, Rishi Sunak is now poised to move the deadline from 31st March to the end of June to avoid people scrambling to complete their transactions by the end of March.

This is good news for the property industry as it will help keep the market buoyant, but it remains to be seen whether this is simply just delaying the inevitable.

For now though, it looks like Gloucestershire buyers will have some further relief.

Lockdown Demand Still Evident

This series of lockdowns over the past year has certainly made home movers think more about where they want to live and what type of property they want to live in.

We are seeing demand for bigger gardens, and for houses with extra bedrooms, studies or garden offices in particular.

Conversely, other home movers are thinking about whether they actually need the space they have currently and whether they could downsize. This all makes for a buoyant market which has certainly seen some big changes over the past year!

Market Attraction for Landlords

According to reports in the Buy Association, the Stamp Duty holiday, combined with relatively low interest rates has seen more and more investors look to the buy-to-let sector.

The research particularly highlights the fact that it is the small companies and the first-time landlords that are being attracted to the opportunities.

If you are interested in investing, we have suitable properties waiting!

Positive News for First Timers

Moneyfacts reports that “the number of mortgage deals available to those with a 10% deposit increased by 117 during the first six weeks of 2021”.

The website, which is very useful if you are interested in finance and money-related matters, says that this is very positive news for first-time buyers. The report goes on to say that the “number of lenders offering mortgages to those with a 10% deposit – at a 90% loan-to-value (LTV) – has also increased from 32 to 47 during this same period”.

With more mortgage deals available, now could be a great time to step onto the property ladder for first time buyers.

House Prices Cooling?

According to the Halifax bank, house prices fell slightly in January, so does this mean there are early signs that the property market is cooling?

Russell Galley, Managing Director, Halifax, said: “The average UK house price slipped by -0.3% in January, the biggest monthly fall since April last year. Whilst this pushed the typical property value down to its lowest level since October, at just under £252,000, prices are around £13,000 higher than a year ago.”

At TG Sales & Lettings we are finding that properties are not remaining on the market for long and are selling for close to asking price. There are fluctuations in the market of course, but we’re pretty confident you can achieve the price you want!

Rental Enquiries On The Up

Research from Paragon Bank shows that residential landlords reported increased levels of enquiries last year.

According to Property Reporter, Paragon’s research showed that “tenant demand reached a five-year high during last year – the highest level since the first quarter of 2016 – as almost a third of landlords reported rising levels of enquiries for rental accommodation”.

This is good news for landlords, and for those thinking about becoming a landlord. Get in touch and we’ll give you some pointers to the type of properties that are good to let out – and with good yields too!

If you want to know our thoughts or you are looking to buy or sell a home, then please get in touch. We love to help – it’s what we do best.

Call us on 01452 300822 or email us at rachel@tgres.co.uk.

 

Government announces new protections for renters

news - Government announces new protections for renters

As the pandemic continues the Government has announced new measures for the Private Rented Sector which includes updates to the COVID-19 guidance on home moving and the possession action process.

Here are the key information points:-

  • Renters will continue to be supported during the new national restrictions with an extension of the ban on bailiff enforcement of evictions for all but the most serious cases for at least six weeks –up to the end of 21 February 2021 – with measures kept under review.
  • There are exemptions for the most serious cases which are illegal occupation, false statement, anti-social behaviour, perpetrators of domestic abuse in the social sector, where a property is unoccupied following death of a tenant and serious rent arrears greater than 6 months’ rent.
  • Court rules and procedures introduced in September in response to the pandemic remain in place and courts will continue to prioritise the most serious cases such as anti-social behaviour, illegal occupiers and those committing domestic abuse offences in the social sector.
  • All landlords will continue to be required to give six month notice periods to tenants until at least 31 March except in the most serious circumstances.
  • As well as this, a new mediation pilot will further support landlords and renters who face court procedures and potential eviction from next month (February). It will offer mediation as part of the possession process to try and help landlords and tenants to reach a mutual agreement and keep people in their homes.

 

Commenting on the announcement, Isobel Thomson, safeagent Chief Executive, said:

“As we continue to battle the pandemic, it is right that government look for ways to support those who need it most. The announcement of the mediation pilot is a welcome move, formalising what many of our agents have been successfully doing since the start of the outbreak, supporting landlords and their tenants experiencing financial hardship. By working with both parties and helping agree payment plans, agents have played a crucial role in ensuring tenancies are maintained. 

“While there is help for tenants, it is no less important that we also consider landlords who themselves may be suffering. If they go under who will house their tenants? We want to see support for every part of the sector – landlords and tenants – to ensure that the important role the PRS plays in providing a home to 20% of households in England is able to continue.”

Source: SafeAgent January 2021

Christmas Opening Hours & Protocol

tgres christmas hours

INFORMATION FOR MANAGED TENANTS – WINTER PRECAUTIONS, INFORMATION & CHRISTMAS OPENING HOURS

 

Dear tenants

Winter precautions, office opening hours & protocol for emergencies during the festive period

As we are now within the winter months and approaching the festive holiday period, we wish to take this opportunity to contact all tenants to remind you of the precautions required to ensure that your home is safe and secure during the winter months.

Please ensure that your home is heated sufficiently during the cold months and we also advise that bathrooms and kitchens are adequately ventilated when in use to prevent the build-up of condensation/mould.

Should you have an outside tap in your home please ensure this is securely covered with insulation to stop the tap / pipework from freezing, which could result in a burst pipe damaging your home and contents.

As the festive period is a prime time for people to be away from home, we strongly request that if you are planning on leaving your home empty please ensure the heating is left on sufficiently to keep the property from getting too cold resulting in burst pipes.  The recommendation is that boilers are left on, on a permanent setting no lower than 10 degrees to help prevent pipes from freezing.

We would recommend that you arrange for a neighbour/friend to check the property on your behalf should you be away for more than two consecutive days during the winter months to ensure the landlords Building Insurance and your own Contents Insurance does not become void.

Should you have an emergency issue out of our office hours for the festive period, we do have local contractors on call who will attend to EMERGENCIES ONLY (damage to property or danger to life) at their own discretion. As the office will not be manned over the festive period then please email in to info@tgres.co.uk as this will be monitored regularly.  Please understand that there are limitations on what contractors can do over the festive period when suppliers/merchants are closed.

Please ensure that you are experiencing a true emergency (damage to property or danger to life) and that the issue cannot be resolved during our office opening hours. Please remember that if a contractor is called out as an emergency when this is not justified, you will unfortunately be liable for all costs which will be charged at bank holiday rates.

  • If you have a water leak then please TURN THE WATER OFF AT THE MAINS IMMEDIATELY. Please ensure you know where this is.
  • If you have a gas leak then please call TRANSCO IMMEDITATELY on 0800 111 999.
  • If you have total loss of water or electricity then please check your supplier’s website first as it may be a supply issue.

 

OPENING HOURS

Christmas Eve                   9am – 1pm

Christmas Day                   CLOSED

Boxing Day                         CLOSED

27th December                  CLOSED

28th December                  CLOSED

29th December                  9am – 3pm

30th December                  9am – 3pm

31st December                  9am – 3pm

NEW YEARS DAY               CLOSED

Saturday 2nd January       9.30am – 1pm

 

 

EMAIL: info@tgres.co.uk

 

 

 

 

I LIVE IN GLOUCESTERSHIRE, CAN I STILL MOVE HOME IN TIER 2?

As we enter Tier 2 restrictions many people are wondering if you can still move home. The answer is Yes!
Yes, you can still move home. Housing Secretary Robert Jenrick has said that estate and letting agents, and removals firms, can continue to operate.

In a message issued to the housing industry, he also announced that home-hunters are still allowed to go on property viewings, show homes and sales suites can remain open, and mortgage valuations and surveys can take place.

However, all parties involved in the home moving process must follow the national guidance on moving home safely, which includes advice on social distancing and wearing a face covering. People outside your household or support bubble should not help with moving house unless absolutely necessary.

 

Can I book a removals firm?

 

Yes, removals firms are still able to do their jobs, but again, providing that all parties follow the safety guidelines. It’s advised, however, that you do as much of the packing as you can yourself, and if at all possible, give your belongings a quick spray or wipe-down with a disinfectant before they’re handled by someone else.
When the removals’ team is around, do your best to maintain distance and wash your hands regularly. Unfortunately you won’t be able to offer them refreshments – which of course they’ll understand.
It’s also recommended that you book your removals company as early as possible. In many areas they’re very busy and it may be a challenge for you to find one available at a short notice.

 

I’m in the middle of buying a home, should I expect any delays during lockdown?

 

It’s possible that in some areas the conveyancing process will be slower than usual right now.
This is because some solicitors and agents may be operating at limited capacity, or are very busy working through deals that have stacked up since earlier in the year.
If you’re about to enter into a legally binding contract, you should discuss the possible implications of one of the parties being affected by having to self-isolate or quarantine.  Ask your legal representative if they can include provisions to manage these risks in the contracts.
If someone in your household – or the other party’s – began to show any flu symptoms just as you’re about to complete, you’ll need to postpone things by a few weeks. The government says we should all remain flexible in this sort of scenario, so it would be ideal if your contracts can reflect that.

 

Can I go on a property viewing?

 

Yes, if you’re looking to move home, you can continue going to viewings. If you can, try to do a virtual viewing first though. It’ll reduce the number of viewings agents do, which also minimises the spread of germs. It could also save you time, because you’ll have a better idea of whether a house is worth seeing or not.
When viewing a property in person, make sure you wear a face mask, avoid touching surfaces, and wash your hands or use sanitiser before and after. There shouldn’t be more than two households within the property at any one time, and viewings should only be arranged by appointment, so ‘open houses’ aren’t happening at the moment.
If you’re selling your home and are having interested buyers come around to have a look, open all the inside doors beforehand so they don’t have to touch the door handles. It’s recommended that you’re not in the property during the viewing, and that you disinfect all surfaces after.

 

Let us help make your NEW YEAR 2021 dreams come true and get you moved to your new home!
Give us a call or email to book your FREE PROPERTY APPRAISAL.
No obligation but you might be suprised what your home is worth!
Call 01452 300822 (Gloucester Office) or 01453 243333 (Stonehouse Office) and get booked in.
http://www.tgres.co.uk/valuation