Many people are on fixed-rate mortgages right now, and with the current rise in the base rate, it’s a good thing because it means your mortgage will not increase. But what if you want to move now and take advantage of the huge choice of inspiring homes available, and your mortgage deal is coming to an end?

Why another increase in the base rate?
The Bank of England raises the base interest rate to curb inflation. Inflation is the increase in the cost of goods and services, or the cost of living. The idea is that an increase in interest rates means more people will save instead of spending, which reduces inflation as there is less demand for goods and services. The rate of inflation is still way short of the Bank of England’s 2% target, but the bank expects inflation to fall to 5% by the end of this year.* There are a few reasons for this. Wholesale energy prices have fallen, and the price of imported goods is expected to fall as production issues are resolved and there is less demand for goods and services in the UK.

Here are a few things you can do now:
Interest rates may be a little on the high side now, so if you take out a mortgage now, there is nothing to stop you from changing your deal in a couple of years when rates are more favourable. In the meantime, here are a few options for you to consider:

• The Mortgage Guarantee Scheme: extended until the end of December 2023, this government-backed scheme has helped over 24,000 households get on the property ladder.** Its aim is to help people with a 5% deposit, and it was launched in April 2021. Aimed at first-time buyers, it’s similar to the government’s Help to Buy scheme, which ended earlier this year. So, if you want to take advantage of it, you need to be quick.
• 35-year mortgage deals: increasing the term of your mortgage could bring down the cost of your monthly mortgage payments. You may pay more interest because you are taking longer to pay for the home you want, but a property that may have been out of reach may suddenly be in your grasp.
• 100% mortgages: saving your deposit is often the biggest challenge to getting a footing on the property ladder. With the return of 100% mortgages, you no longer have this hurdle, and that will save you a lot of time, meaning you can start paying off your mortgage sooner rather than later.
• Interest only mortgages: another option to consider is an interest only mortgage, which could lead to much lower payments. If you have a lot of equity in your home, this could stand you in good stead when it comes to buying the home you want now.
• Green mortgages: many mortgage lenders now offer more competitive mortgage interest rates for greener, more energy-efficient homes. This, combined with lower energy bills, means that you could save significantly on your monthly outgoings. This means that the EPC rating of your home has never been more important.
• Consider porting your mortgage: porting allows you to move home with your existing mortgage. So, if you are happy with the terms of your current deal and it’s not about to end any time soon, then this could be a cost-saving solution. You may be able to borrow more, as many high-street lenders offer top-up mortgages. Speaking with your broker is important, as some lenders’ rules may differ.
• There is always a way: it could be that you are in the fortunate position of not needing to borrow or are on a fixed-rate interest deal. With the huge number of mortgage deals available and inspiring choices in properties, it’s worth talking to your agent if you are determined to make your move now.

 

Browse our website if you are looking for the right home with the best possible team to guide you in any way we can.

 

Bank of England*
GOV.UK**

 

In June, average new seller asking prices fell by £82 (-0.0%).* The summer property market always heats up and then takes a little sidestep as the holiday season kicks in. However, the average price of a property coming to the market jumped in May by +1.8%, which was higher than expected.* This is yet another sign the summer property market is performing well, and now is still a good time to choose the home you want. But how does this act as a breather and benefit the market?

Buyer demand
During the first two weeks in June, buyer demand was 6% higher than the same period in 2019’s pre-pandemic market.* So if you are thinking about putting your home on the market, now is a great time to do it. Prices are still strong, and your property will have increased rapidly and significantly in value over the past few years, so you will achieve a great price.

The property market takes care of itself
It’s not always healthy for asking prices to constantly grow month after month. The summer property market is hot enough, and it’s better for it to be stable rather than overheat. A little splash of modesty reassures the market and simply brings it back to where it should be if the market gets ahead of itself.

The property market takes care of you
The market has had a lot of challenges, yet it remains resilient. As it slows in pace, this creates a much more predictable environment. This means sudden changes are unlikely, meaning you will not get caught out when achieving a good selling and asking price when you are in between homes.

Better negotiating power
When the market pauses and it’s time to make an offer, you have a better chance of getting well-calculated offers accepted. Your agent will know the market inside and out and can advise you on an up-to-the-minute pricing strategy.

Does the price really matter?
Price and affordability are very important when considering which home to buy, particularly if you are taking out a mortgage. The value of property increases and decreases slightly in the short term but always rises significantly in the long term. So in many ways, it’s about affordability, not property price rises.

Can you put a price on happiness?
Finding the right home that suits your needs and desires is important. You will most likely spend many years of your life in your new home. Your property is more than bricks and mortar or an investment; it’s a living, breathing part of the family.

The law of averages
You are not a number, and neither is your home. Each person’s home is as unique as they are. It could be that you surpass all your property expectations. Whether this is from achieving a great asking price or simply finding a home that fulfils your dreams for a lot less than you imagined. As the market stands, it’s not about making quick money but rather buying an awesome property and making the most of it.

 

Browse our properties to view the homes you could be missing out on.

 

Rightmove*

 

The early summer months are traditionally a busy period for the UK property market. It’s a gorgeous time of year to view an abundance of beautiful properties. Many people are on the move. While it’s still a hive of activity with a huge choice of homes, the property market takes a little summer siesta as homeowners take a holiday. This gives you a chance to make your move. But don’t be fooled into thinking it will last for long, so if you want to take advantage of it, you need to be quick.

View your ideal home from the beach
Sometimes getting away from it all can help bring about clarity of mind, which is very useful when you are making big decisions. Perhaps the beach or poolside is the perfect place to peruse your potential properties. And a good time to discuss your big move with your partner while you are away from the hustle and bustle of everyday life.

Enjoy quieter roads to your new home
With schools closed for the summer, the roads become quieter, and you can drive to viewings with less stress. This means you can relax a little more and take a bit more time to enjoy your viewings. With an increased sense of calm, talk to your agent, who will expertly guide you through your potential new home and anything that helps you with your home move.

Leave your agent to sell your home while you take a holiday
Hop on a plane, boat, or if you’re jumping in the car to drive to your holiday, whatever you are doing if you have made the decision to sell, leave it with your agent and enjoy your holiday. Perhaps by the time you return, your house will be sold.

Make an offer with less competition
With fewer people around, you may be able to open the door to making an offer below the asking price and getting it accepted before others have even viewed the property in question.

It’s the perfect moving season
With more family members to assist your big move and longer, warmer days to enjoy once you are settled in, the summer is perhaps the best time of year to move. And you may be able to save some money on home removal costs with more hands to help. If you hire a removal company, you may find it easier to find the right help.

Enjoy your new home
When you have finally moved into your new home, you may still have time to make the most of it during the warmer months of the year, when utility bills are a little lower. Any outdoor improvements, from weeding the garden to adding to your outdoor spaces and simple maintenance, can become a joy rather than a chore.

 

Take advantage of the summer holidays and find the home you love. Browse our properties.

 

Rightmove*

 

Preparing your home so that you can create priceless happy memories during the summer months ensures all members of the family are free to roam and play in a safe and fun environment. It also reduces stress levels when younger members of the family spend more time at home and can become a rowdy bunch when not at school. And if, like many people, you are considering moving to a better home, keeping it in order will help you achieve your moving goals. So, here are a few tips to help you make life easier.

Create some space
A change is as good as a rest, and moving and rearranging the furniture in your home to make it safer for your little ones to play will also showcase your indoor spaces for potential buyers. It may also give you some ideas on how to make better use of the rooms in your home while clearing out any no longer needed or tired furniture and other items.

Clean and de-clutter
It’s incredible and sometimes hard to believe how much space the little things in life take up. From bottles to utensils on kitchen worktops—things that you want to be out of reach of curious children—to old mail and the never-played-with-any-more toys. Cleaning is something you will be doing a lot of at this time of year, so why not go to town and clear out the closets and give everything a good clean? This will make it easier to maintain levels of hygiene, and cleaning up after the kids will be much easier. Your home will also look and feel more appealing during viewings.

Create a list of activities
By being organised, you can plan your day to fit around viewings. This will help prevent boredom for you and your family! It also gives you the means to plan your day and break different activities into manageable chunks, giving you all something to look forward to.

Sort your outdoor spaces
These are hugely important to buyers, and they need to be safe with no sharp edges for your buyer’s family as well as yours. Creating a perfectly amenable family dining area will give you a great place to enjoy happy alfresco memories. Outdoor spaces should naturally create a seamless flow from the indoors to the outdoors. If your home is very much a family home, perhaps a tree house could mean the new owners bought two homes for the price of one.

Make the most of your garden
There is little chance the children will want to help you these days! But if they do, what a bonus! That said, even if you are not a keen gardener, you could inspire younger members of the family with interesting flowers or fruit trees. Weeding and lawn cutting are a must to make the most of your garden’s appearance, but no prizes for guessing who will get that responsibility.

Will all this help you sell your home?
Absolutely; it’s all about achieving your asking price. And the numbers in property are big, so every little thing you do adds up to make a big difference.

 

Get in touch to see how we can help your family create a thousand wonderful memories by finding your perfect house.

 

 

 

 

It’s worth talking to your agent this August as the housing market is in good shape for many reasons. So, whether you are on holiday or looking for a holiday home to buy, downsizing or moving to something better, here are a few good reasons to do so.

Every home is different
The location of your home is important, as is the property type. First-time buyer-type homes, for example, have been selling very well. But with all that said, your individual home stands for a lot too. Every home has its own personality and unique features that make it desirable to a buyer. And the chances are, if your home is in any way attractive to certain buyers, they will not be alone.

Demand for your home is strong
Buyer demand is 3% higher than it was in 2019.* It’s completely unfair to compare these figures to the unsustainable levels during the pandemic. But every cloud has a silver lining, and much of that rapidly gained equity will still be in your home. This means that if there is a crash, you are still in a good place.

Your situation is unique
The number of homeowners who own their homes outright in the UK stands at 35%, while the number of homeowners with mortgages stands at 30%.** If you are one of the majority that does not have a mortgage, you may be less apprehensive about making a move now in the face of fluctuating interest rates.

The long-term view looks good
In the long term, house prices increase, and if you are concerned about the short-term fluctuations in price, they will be absorbed by the long-term increase in the value of your home.

How much time have you invested in your property?
Many homeowners in the UK who buy a home will live in it for well over ten years. So, if you bought your home before the pandemic, you have a double layer of accumulated equity to fall back on. Many people are in this situation, and this, combined with good demand, sures up the property market.

Home movers are on holiday
With so many people enjoying their holidays at this time of year, the market may lose a bit of momentum. So often, these changes in price can come about because of seasonality. Now is a good time to get out and have a good look at the home you may want to move into. There is a lot of choice, and with the market being less frantic, you may have more flexibility when it’s time to make an offer.

Conclusion
So, what does this price change mean? Not a lot, and with years of equity, you are in a good place even if there is a sudden drop in prices. But as things stand, prices are steadily declining only slightly, which means you will not get caught out in the middle of your move. After all, you want to live in the home you want; you are not playing the stock exchange.

Contact us today to see how far your money could go towards buying your property dream

 

Rightmove*
English Housing Survey**

 

 

The perfect time to reassess your space
Summer is a great time to take a step back and reflect on your current living situation. For many, it’s a moment to decide whether to settle in for another year or make plans to move. Whether you're considering upgrading, downsizing, or simply making a few changes to your home, summer offers the clarity and space to think ahead. If you’re staying put, it’s the perfect opportunity to enhance your home to better suit your needs.

Staying put: How to make the most of your current home
If you’re content where you are, why not take the time this summer to refresh and rejuvenate your space? Small updates can have a big impact. Consider rearranging furniture for better flow, adding a fresh coat of paint, or even bringing in new decor to give your home a revitalised feel. Don’t forget about outdoor spaces like gardens, balconies, and patios which are perfect for summer upgrades that make your home feel even more inviting.

Setting plans in motion: Time for a change
If you’ve been thinking about a move, summer is a great time to start setting plans in motion. Whether you’re buying or renting, starting the process early gives you a head start on the market. As a seller, you may find there’s less competition before the autumn rush. As a buyer or renter, planning ahead can help you secure your dream home before demand increases in the cooler months.

Summer as a catalyst for change
There’s something about summer that brings a sense of possibility. If you’ve been toying with the idea of moving - whether to a new home, city, or neighbourhood - summer might just be the right time to take that leap. The warmer weather and longer days provide an energising atmosphere for new beginnings. Whether it’s a bigger home to accommodate your growing family or a location change for a new lifestyle, summer is a great time to start fresh.

The practical side of moving in summer
For those considering a move, summer has practical benefits. Moving in warmer weather means fewer weather-related challenges, and you’ll likely have more time to unpack and settle in before the busier seasons. If you have children, moving in the summer gives them a chance to adjust before school starts. Plus, properties are often more accessible, and the market may offer some great opportunities.

Decide what’s right for you this summer
Whether you’re staying in your current home and making it a better fit for your lifestyle, or you’re planning to make a fresh start in a new property, the choice is yours. The summer months provide the time and space for both reflection and action. Whatever path you choose, you’ll have the opportunity to make your living situation work for you.

Set your plans in motion this summer and make your next move with confidence

The value of expert guidance
Whether you're buying, selling, or renting, the support of a professional agent is invaluable. A good agent not only understands the market but can also provide expert advice, helping you navigate complex decisions with confidence. From property valuation to negotiation, the right agent brings the knowledge and experience needed to secure the best outcome for you. With their help, you’re not just making a transaction - you’re making an informed decision that aligns with your goals.

Market insight and access
A key benefit of working with an experienced agent is access to up-to-date market information and listings. They can give you insight into current market trends, helping you price your property competitively or find properties that fit your needs. A good agent is well-connected, ensuring you're among the first to hear about new properties or potential buyers before they hit the wider market.

Handling the paperwork and logistics
The paperwork and logistics of buying, selling, or renting can be overwhelming. A reliable agent takes the weight off your shoulders, ensuring all contracts, legal requirements, and negotiations are handled properly. They manage everything from initial offers to final agreements, ensuring that you meet deadlines and avoid costly mistakes. By managing the details, an agent frees you to focus on other aspects of the process.

Negotiation expertise
Negotiation is an art, and a good agent knows how to get the best deal. Whether you’re buying or selling, an experienced agent can handle tricky negotiations and advocate for your best interests. They are skilled at identifying opportunities for value, navigating counteroffers, and securing agreements that benefit you. Their expertise allows you to avoid common negotiation pitfalls, ensuring a smooth transaction.

Stress reduction and peace of mind
Moving or transitioning between properties is often a stressful experience, but a good agent can reduce that stress significantly. They are your point of contact throughout the entire process, providing clear communication, answering questions, and solving problems as they arise. With a skilled agent by your side, you’ll have the peace of mind knowing that you’re supported every step of the way.

A trusted advisor for the long term
A good agent is more than just a service provider - they become a trusted advisor. They understand your needs, help you make strategic decisions, and often stay in touch after the deal is done. Whether you're looking to buy your next home, rent a property, or sell again in the future, a reliable agent will guide you through each phase of your property journey with valuable insights and dedicated support.

Choosing the right agent is key to success
Selecting an agent who understands your goals, communicates effectively, and has the expertise to guide you is crucial. The right agent can streamline the process, ensuring you achieve your property goals with minimal stress and maximum benefit. Whether you’re buying, selling, or renting, investing in the right agent can make all the difference in achieving a successful, smooth experience.

Partner with an experienced agent for your next move - make the right choice today

The power of natural light in your home
Natural light is more than just an aesthetic choice - it has a profound impact on your mood, productivity, and overall well-being. In a world where we’re increasingly connected to technology, the simple act of letting natural light into your home can make a significant difference. Whether it’s a sunny living room or a bright kitchen, natural light creates a warm, inviting atmosphere that can instantly transform your space.

Boost your mood with light-filled spaces
Exposure to natural light has been shown to improve mood and reduce stress. In a time when many of us are spending more time at home, ensuring your space is filled with light can have a positive effect on your mental health. A well-lit room can feel energising, uplifting, and calming - helping you to feel more connected to your environment. Even during the darker months, positioning furniture to make the most of natural light can brighten your home and your spirits.

Maximise natural light with clever design
One of the simplest ways to enhance natural light in your home is by being mindful of how you design your space. Opt for light-coloured walls, reflective surfaces, and minimalistic decor that allows light to bounce and fill the room. Consider adding mirrors or glass elements to maximise the amount of light that enters. If your home has large windows or doors leading outside, make sure they are unobstructed by heavy curtains or furniture to let the light flow freely into your space.

Create a connection to nature
Incorporating natural elements into your home - whether it’s through plants, wood accents, or stone features - helps to enhance the overall feel of your space. These natural touches bring the outdoors in, and when paired with abundant natural light, they can create a peaceful, rejuvenating atmosphere. It’s about fostering a deeper connection to nature, which in turn can promote relaxation and calm.

Natural light for better productivity
For those who work from home, having access to natural light can significantly improve productivity. Studies show that working in spaces with ample natural light can help improve focus and reduce feelings of fatigue. Creating a light-filled home office or study space can boost your energy levels and make long working hours feel less draining.

Sustainability and energy savings
Beyond its aesthetic and psychological benefits, natural light can also help reduce energy consumption. By making the most of daylight, you can cut down on artificial lighting, lowering your electricity bills and contributing to a more sustainable lifestyle. In homes designed to optimise natural light, you’ll often see lower energy use, which is both environmentally friendly and cost-effective.

Let the light in, let the freshness flow
Incorporating more natural light into your home is about creating a space that feels vibrant, inviting, and connected to the outdoors. Whether through simple design tweaks or embracing larger windows, allowing the light in will make your home feel more expansive and alive. Let natural touches enhance not only your space but also your quality of life.

Let natural light transform your space - bring the outdoors in today