Martin & Co Harrogate

Preparing a property for renting can be a busy time. In the rush, it’s easy to overlook something important, especially if you’re a new landlord 🏡🌟

There’s a lot to remember, so make sure you avoid some of these common mistakes 👉

It's Market Insights time 🏡⏱️

🔹As a new academic year gets underway, young people across the country are busy leaving the family home and moving to new cities.

🔹HESA (Higher Eduation Statistics Agency) estimates 2.9 million students were in higher education in 2022/23, 22% more than 5 years before.

🔹A large proportion of students will be accommodated in the private rented sector. In fact, one in five renters moving into new homes in September will be students.

🔹In some key student cities (for example Bath, Exeter, Nottingham, Oxford), more than 40% of new renters in September will be students.

Source: Dataloft Rental Market Analytics by PriceHubble, average September figure for 2017-2024, HESA.

Looking to Downsize? 🏡

Our stylish maisonette properties could be just what you need!

For first-time buyers or those seeking a more manageable space, a maisonette offers the perfect balance of comfort and affordability.

Explore our range of maisonette properties for sale today: https://brnw.ch/21wMIDl

Doing thorough research is a smart way to navigate the housing market confidently. The more you understand about the area and your potential new home, the better prepared you’ll be to make informed decisions. 🏡🌟

Here’s what your research should cover:

✅ Explore the local market: Familiarize yourself with the types of properties available in the area to get a sense of what's within your budget.

✅ Understand the property’s history: Check how long the home has been on the market and for any recent updates.

✅ Connect with sellers or agents: Ask helpful questions to understand the property better, and ensure you’re making an offer that aligns with your financial plan.

Find more tips on homebuying and budgeting here: https://brnw.ch/21wME47

Find more buying tips and advice here: https://brnw.ch/21wME47

It's Market Insights time 🏡⏱️

🔹House prices edged up 0.3% in August, with annual growth rising to 4.3%, the fastest pace since late 2022. However, this is partly due to the comparison with weaker growth this time last year.

🔹Buyer confidence has been boosted since the Bank of England rate cut at the beginning of August and mortgage rates trending downwards. 37% of property professionals expect sales prices to increase in the next 3 months, with a 1.4% house price change now predicted through 2024, up from -2.2% this time last year.

🔹However price growth is likely to remain constrained by affordability, which remains a significant challenge for many potential buyers.

Source: Dataloft by PriceHubble (poll of subscribers), Halifax, HM Treasury Average of Independent Forecasts.

Versatile, spacious, and perfect for growing families—our townhouses offer flexible living spaces for everyone. 🏡🌟

Ready to find your dream family home? Explore our available townhouses today: https://brnw.ch/21wMuPp

For most people, the cost of buying a property exceeds the overall moving budget, leaving little for furnishing a whole house. 🏡🌟

Fortunately, the modern world embraces a culture of bargain hunting and repurposing!

Here are 4 ways to furnish your home on a budget 👉

Find information on our services here: https://bit.ly/4e2IRiy

It's Market Insights time 🏡⏱️

🔹July data just released by the Bank of England saw a pick-up in mortgage approvals to just shy of 62,000, the highest monthly rate since the Truss mini budget in September 2022.

🔹This July mortgage data precedes the Bank of England's first interest rate cut in August but shows the building sentiment towards the housing market as mortgage rates moved down ahead of the Bank of England meeting.

🔹With mortgage rates moving lower again since, mortgage approval volumes should strengthen further over the next few months which in turn will feed into higher transaction numbers.

Source: Dataloft by PriceHubble, Bank of England

Why should you trust us to be your leading property experts? 🏡🌟

✅ +78,000 managed properties
✅ +55,500 moves made a year
✅ Every 4 minutes we let a property
✅ Every 4 minutes we sell a property

Learn more about how we can help landlords here: https://brnw.ch/21wMhro

* Headline stats based off lettings/sales figures of the collective group (The Property Franchise Group) of which Martin & Co is apart of, for FY23 rounded to a whole number. Time scales based on working hours, which are: 52 weeks, 6 days a week, 8 hours a day.

As a landlord, assuring your rental property is safe and compliant is essential.🏠🔍

Regular inspection and testing of all electrical appliances is an important part of guaranteeing a safe environment for your tenants.

Let’s take a look at what PAT testing is and why it is so important. 👉

It's Market Insights time 🏡⏱️

🔹Households in England own 4.3 million second homes, according to the 2022/23 English Housing Survey, up from 3.3 million a year earlier. Second properties can be owned or rented.

🔹The greatest increase has been in those rented out which form the majority of second homes (73%).

🔹There have been slight reductions in those used by student children or waiting to be sold or moved into shortly.

🔹The remainder, 22% are exclusive second homes. Although forming a smaller percentage than a year earlier, this still represents an increase of 150,000 homes, 114,000 of which are within the UK.

Source: Dataloft by PriceHubble, English Housing Survey, data for 2022–2023

Ready to find your dream apartment? 🏡🌟

Whether you're looking for stylish and sophisticated or warm and inviting, we have something for everyone.

Explore our available apartments today and discover your perfect home:
www.martinco.com/search-results/for-letting/in-united-kingdom/type-Apartment/?orderby=date_desc&radius=3

So what if it's a fixer-upper?

You'll not only have the freedom to customise your home as you see fit, you'll also maximise your return in the long run.

Take a look at our latest properties for sale and find your next property to make your own: www.martinco.com/search-results/for-sale/in-united-kingdom/?orderby=price_asc&radius=3

It's Market Insights time 🏡⏱️

🔹 Mortgage rates are now at their lowest level since March 2024. Average two- and five-year fixed rate deals fell monthly by 0.18% and 0.15% respectively, ending five consecutive months of rises.

🔹 According to Moneyfacts, the average two- and five-year fixed rates fell between July and August, to 5.77% and 5.38% respectively.

🔹 Mortgage rates are widely expected to decline further in the coming weeks, especially after the 0.25% base rate cut, the first in over four years.

🔹 Markets are pricing in a further cut in 2024, currently forecast to reach 4.67% by the end of 2024.

Source: by , Moneyfacts, HM Treasury Average of Independent Forecasts.

Looking for your next family home? 🏡🌟🔑

Whether you’re looking to buy or rent, we have a range of stunning cottages perfect for family living.

Our range features charming, spacious homes with character and comfort, designed to meet your family’s needs.

Find your perfect family home today: www.martinco.com/search-results/for-letting/in-united-kingdom/type-Cottage/?orderby=price_desc&radius=3

A house sale can't be finalised until the house deeds are transferred to the buyer, so knowing what to expect before reaching this point is crucial.🏡✨

Swipe to learn what house deeds are and how to transfer them to your buyer. 👉

Have you ever been through the house deed transfer process? Share your experience or ask any questions you have below! ⬇️💬

It's Market Insights time 🏡⏱️

🔹 The government has committed to economic growth as its top political priority and it has placed housing delivery at the heart of its growth strategy.

🔹 Economic growth is hard to achieve without significant population growth, particularly in the working age population, so new figures released by the ONS are encouraging.

🔹 The population of England and Wales increased by nearly 610,000 people over the past year, to a total of 60.9 million. That is the most significant growth in 75 years and boosts the working age population (aged 20 to 65) at a time when other European nations are experiencing a decline.

🔹 The UK population is projected to reach 77 million by 2046 and that will intensify the need for housing to cater for the growing number of people. Building new homes is the key to solving the nation's housing crisis and expected to drive economic growth too.

Source: Dataloft by PriceHubble, ONS, Centre for Cities

Planning to sell your home? Guarantee a successful sale by pricing it correctly! 🏡 🌟

Set the right price with a FREE property valuation: www.martinco.com/value-my-property/

Whether you’re a seasoned landlord or just stepping into the world of buy-to-let, understanding MUFBs is essential for maximising your investment potential 🏡🌟

Let’s unravel what MUFBs are and the benefits of investing in them 👉

It's Market Insights time 🏡⏱️

🔹The government announced plans to impose VAT on private school fees to fund improvements in public education.

🔹 The current exemption from value-added tax (VAT) will be removed to fund 6,500 new teachers in England. VAT at the standard rate of 20% will be added to private school fees starting 1 January 2025.

🔹 In a poll of agents, 24% report noticing an increase in demand for homes close to outstanding rated schools, directly associated with the announcement.

🔹 Just 15% of schools are judged to be Ofsted Outstanding, but 90% achieved the rating: Good or Outstanding, up from 68% in 2010 – suggesting that standards are continuing to improve. (Department for Education).

Source: Dataloft by PriceHubble poll of subscribers. Poll 24th July 2024.

5 front garden ideas to get inspired. 🌿🌸🌼🌳

🪴 Create a decorative pathway to your front door with box hedging.

🌳 Frame your front door with trees in pots for added symmetry.

🌿 Add shrubs to the front of your house for character and texture.

🌼 Use colourful borders to give an immediate lift to your garden.

🚿 Jet wash your pathways to keep them looking pristine all summer.

Have you tried any of these ideas? Let us know in the comments! 💬

It's Market Insights time 🏡⏱️

🔹 The government has made clear its commitment to getting new homes built to address the housing crisis and surveys show that growing numbers of people are on-side with the idea of new developments.

🔹 But, it will be challenging. Only 114,000 new homes were built in the first half of 2024 in England and Wales, 11% fewer than the same period of 2022, according to DLUHC.

🔹 Indeed the NHBC, who log completions in a different way, suggest that the rate of new home delivery will need to more than double if we are to deliver 1.5 million homes over the next five years.

🔹 The urgency to reverse any downward trend is clear and much hope is hanging on the Planning and Infrastructure Bill to create a more efficient and better-funded planning process.

🔹 The government has also announced new home-buyer incentives alongside the planning changes, as well as infrastructure investment in power grids, water supply, and roads – all of which should oil the wheels of new home-building.

Source: Dataloft by PriceHubbleNHBC, DLUHC, Number of Energy Performance Certificates (EPC) for new dwellings lodged on the Register in England and Wales. July 2024

Rent your home through Martin & Co for a seamless renting experience and complete peace of mind. 🏡🌟🔑

Whether you’re looking for somewhere temporary to call home or a place to put down roots, we are here to help.

Search properties to rent: www.martinco.com/search-results/for-letting/in-united-kingdom/?orderby=price_desc&radius=0.1

Want to keep the charm and character of your old home alive? 🏡✨

Here are 3 key tips to keep it in tip top condition 👉🏼

It's Market Insights time 🏡⏱️

🔹 As the Starmers settle into Downing Street, homeowners across the nation might now be reconsidering their plans for moving house.

🔹 The lead up to a General Election typically creates uncertainty and a slowdown in the housing market. This year was no exception – although the impact was more muted as successive interest rate rises had already stifled demand.

🔹 In June, we asked agents for their views on confidence in the housing market and, at the time, 55% reported similar or lower levels than 3 months earlier. However, sales volume expectations for the next three months, have reached their most upbeat level since January 2022.

🔹 The greater political clarity, alongside the imminently expected Bank of England interest rate cut, should give added impetus to housing market confidence.

Source: Dataloft by PriceHubble, RICS. July 2024.

Martin & co are delighted to offer to the market, with no onward chain, this fantastic four bed-roomed, detached, property situated on Pellentine Road, nestled in the heart of the sought after village of Follifoot.

With over 260 sqm of accommodation, now in need of modernisation, this expansive property, offers an excellent opportunity for development for its new owners.

Pellentine Road, Follifoot | Martin & Co Martin & co are delighted to offer to the market, with no onwards chain, this fantastic four bedroomed, detached, property situated on Pellentine Road, nestled in the heart of the sought after village of Follifoot.

SNAP!! SOLD STC! Both of these delightful, neighboring two bedroom semi's sold with in a matter of weeks! Could you be next? Thinking of selling? Let's work together!

Find the value of your home in 60 seconds with our instant valuation tool 🏡🌟

It's quick, simple, and completely free. Get started now: www.martinco.com/instant-valuation

Did you know that having an eco-friendly home can increase its value? 🌿💰

More people are seeking eco-friendly homes to lower bills and reduce their carbon footprint.

As a landlord, investing in green upgrades for your rental property can be highly beneficial.

Find out how here: www.martinco.com/guides/landlord/exploring-the-benefits-of-eco-friendly-rental-homes/