A Property Market Update

A Property Market Update


Welcome to our latest newsletter. This month as well as showcasing some of our newest properties to come onto the market we also share some property market insights. 

In the run up to Christmas, we discuss the new guidelines for landlords as well as tips to save money when moving home. 

Further in the newsletter we share insight into the stamp duty and mortgage holiday, as well as how to safeguard your property this winter.

If you have been thinking about bringing your home to market why not start with our instant online valuation tool.

From all of us at Movingworks, we hope you have a great December. Stay safe! 


Thirlmere Close Longton, £300,000

MovingWorks present to the market, this chalet style dormer bungalow situated in a central village location. The property is set on a large corner plot offering front, side and rear gardens. 
 
 Three Bedroom Detached
 
 Spacious Lounge Area
 
 Garage Suitable For Conversion As Residential Annex

Click here to read Thirlmere Close Longton, £300,000.



Hunter Avenue Tarleton, Preston £190,000

We are delighted to offer to the market for sale, a three bedroom detached chalet style House. This property is located in a quiet spot in Tarleton village, a short distance to local amenities.

   No Chain Delay
 
 Ground Floor Shower Room And First Floor En-suite
 
 Spacious Driveway For Off Road Parking

Click here to read Hunter Avenue Tarleton, Preston £190,000.



Hunter Avenue Tarleton, Preston £190,000

Movingworks present a three bedroom detached chalet style house. This property located in a quiet spot in Tarleton village, a short distance to local amenities.

 

   No Chain Delay

 
 Ground Floor Shower Room And First Floor En-suite
 
 Spacious Driveway For Off Road Parking

Click here to read Hunter Avenue Tarleton, Preston £190,000.



Gill Nook Walmer Bridge, £230,000

MovingWorks presents to the market this three bedroom detached property situated in a central village location. This property is situated on a corner plot at the head of a quiet cul-de-sac.
 
 Double Length Garage
 
 Spacious Lawned Garden
 
 Large Driveway

Click here to read Gill Nook Walmer Bridge, £230,000.



Liverpool Old Road, £90,000

MovingWorks present this opportunity to purchase a modern first floor flat situated within the desirable village location of Walmer Bridge ideally located for shops, amenities and transport links.
 
 Spacious Lounge
 
 Ideal FTB/ Rental Investment
 
 Double Bedroom

Click here to read Liverpool Old Road, £90,000.



Our Top Tips On Moving Home

You have found your new property and are excited to finally have the keys in your hand – now you just need to move your possessions from your old home into the new model. We have put together some top tips to make this process as stress-free as possible.

Choose the right removals firm
It may seem like an easy task, but finding the right removal company to help to transport all of your goods will make all the difference. Depending on the amount of items that you are moving, and the nature of the items (for example you may need a specialist if you are moving a high-worth object like a piano) you may need multiple firms to help facilitate your move. Do your due diligence and rely on testimonials, as well as recommendations from your estate agent and, if possible, have a company come and give you a quote based on the items you would like to be transported. We would also recommend booking as early on as time will allow, as often people will want to move on similar dates, such as school holidays.

Get planning
Planning for your removal early will help you to deal with any excess moving stress, as you will know that you have everything in hand. Once you have chosen the right firm, you can get planning – from which rooms to start packing first, to how you are going to pack your items up. The only way to truly stay on top of things is through using lists – make a list for each room you are packing up and create a timeline also so you have visibility of how much time you have on your hands. Decide how much material you will need to pack your items in terms of boxes and wrapping to keep items safe – people always underestimate the volume they will require so try to be as generous as possible in your predictions.

Pack!
Of course, packing the actual items up is the name of the game, but it isn’t just a case of throwing things into boxes – there is a subtle art to packing that will help to keep you organised. We would recommend starting from the top of the house and moving downwards – pack up what is in your loft according to the frequency with which you use the items and then move through each room methodically. When packing electricals, pack the cables separately and then bind the wires with masking tape and write on the tape which appliance the cable is for, and with clothes keep them on the hangers and pop a black bag over the top of them using an elastic band to hold the tops of the hangers together.

Create A Fact File
A fact file is such a useful goldmine of information – essentially it is an information document that you put together about your property including details of where the stopcock is for the water, the gas and electricity switches and so on which will help the people moving into your home enormously. Speak to whomever you are buying your property from and have them create one for you using your own as a template – try to include as much information as possible as this will help you in the long run. Information can include heating systems and how to use, any warranties or guarantees on items in the property, bin collection days, reliable tradesmen you have used, burglar alarm details, paint colours around the house – the list is really endless but it should act as a handbook to the property.



Summer Property Maintenance Tips

 
Now that summer is availing itself, many of us are making the most of our outdoor spaces and enjoying the uptake in the weather. However, whilst we enjoy being outside don’t forget to keep your property ticking along during the summer months. Here are a few maintenance tips that should keep your property in tip-top condition over the next few months.

Check your gutters
After the cold winter months with freezing temperatures, gutters are at risk of leaks and especially following the recent spell of rainy weather which can move debris into gutters, summer is the ideal time to check their health. Leaky and unsecure guttering can lead to bigger problems of water damage to your property, as well as being a fall hazard. Whilst you’re checking your gutters, go ahead and check your drainage system at the same time to ensure that there aren’t any blockages there, too.

Doors and windows
Similar to your guttering, doors and windows have been through a rough period by the time summer is in full swing. With the cold months of winter potentially cracking door and window seals, followed by spring showers causing further damage, it is imperative to check your doors and windows. Of course, if you have double glazing this is less of an issue, but checking that your seals are in order is certainly a good use of half an hour during the summer to stop any problems later on in the year.

Central heating
When the weather heats up, the temptation is simply to turn off the central heating, give the radiators a holiday and then start everything back up once temperatures inevitably plummet. Keeping the heating on a low-level through the colder summer days will keep the central heating system ticking over and also prevent any damp issues. During the summer, bleeding your radiators will also ensure that they remain efficient – if you’re unsure of how to do this then a quick search online will direct you to some intuitive videos. If you go on holiday during the summer, the same applies; keeping the heating on a low level may save you larger problems in the long run.

Sound the alarms
Whilst a check of your smoke and CO2 alarms may not seem like a particularly summery activity to be carrying out, you should be checking these units several times a year. By building these checks into your summer list of tasks, you are keeping yourself and others safe.

Insulation throughout the seasons
Updating your insulation may intuitively seem like a winter task, but part of keeping your home cool and comfortable in the summer is good insulation as this will stop heat penetrating the building. Of course, when it comes to the winter months you will also reap the benefits of insulation as it will keep the heat from escaping, ensuring a cosy property when the temperatures begin to plummet.



Property Market Springs Back To Action

 
With an estimated £82 billion of property transactions on hold due to coronavirus, the Government's announcement in the middle of last month that operations could resume, with the appropriate measures in place, was welcome news to many.

The immediate effect of the reopening of the property market could be seen clearly on the property portals – with a distinct spike in searches for properties the day after restrictions were lifted. Rightmove recorded over 5 million visits on 13th May and reported that sales demand doubled from Tuesday (when restrictions were still in place) to Wednesday.

The spike in property searches can be attributed to the many people who have had to put their property search on hold due to coronavirus and are now looking to move quickly in order to avoid their own chain collapsing, or just to take advantage of current circumstances.

A shift in attitude is also noticeable in terms of the types of mortgage which are being searched for – with a move away from remortgage loans to purchase mortgages. Mortgage technology firm Twenty7Tec reported a 27% week-on-week increase on 17th May for the volume of searches being completed.

“We are starting to see significant volumes return to the market – with searches for purchase mortgages in particular rapidly gaining pace. Searches for purchases are now at 44 per cent of pre-lockdown highs, up from lows of 15.6 per cent in mid-April” explains James Tucker, chief executive of Twenty7Tec.

Miles Shipside, Rightmove director and housing market analyst, said: “The traditionally busy spring market was curtailed by lockdown, but we’re now seeing clear signs of returning momentum, with the existing desire to move now being supplemented by some people’s unhappiness with their lockdown home and surroundings.

“Some may be unable or unwilling to move now, but those who are ready to take the plunge have jumped immediately into action.

“Unique enquiries on property for sale doubled from the day before, though we expect consistent momentum to rebuild over several months rather than weeks.

“With no new seller asking price data it’s too early to comment on price movements, though high demand is needed to support a stable market.

“If there are attractive lower deposit mortgages available it would help sustain the recovery in activity. The industry has been caught by surprise, as we were all expecting the housing market to stay closed until at least June.”



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Ten tips to saving money when moving home

 
Whilst we're all aware of the costs associated with moving, not all of us will know the money saving solutions used by savvy sellers.
 
These top tips will ease the stress of moving on yourself and your wallet, leaving you with more funds for decorating your new place.
 

Pack smart

Keeping your possessions safe when moving is a priority for us all, but it doesn’t have to be costly.
 
Boxes aren’t the only option; washing baskets, bins and suitcases are all environmentally-friendly alternatives that you probably have lying around your home.
 
Refrain from splashing out on bubble wrap and instead save up newspaper to protect those breakable valuables.


Recruit the troops

Hiring removal experts is the most sensible idea when moving, however, it isn’t always the cheapest option.
 
With social distancing restrictions in place, it's also more difficult to bring in additional outside help from friends and family members.
 
Where possible, rely on people within your household and support bubble, with recommendations or online referrals to find the removal firm that's right for your needs and budget.
 

Pick your days wisely

Don’t get caught out by extortionate peak pricing for removal firm bookings.
 
Some companies may hike up their prices on weekends and bank holidays, so opting for a mid-week move can lower the costs significantly.
 

Prepare early

On your moving day, you'll already have enough stress to deal with overseeing the packing and unpacking of your property's contents, so you won't want to deal with any hidden costs that could have been avoided.
 
Before setting off for your new home, it's worth thinking about where you'll park when you get there, and if you'll need any permits to park all day fine-free.
 

Conquer the DIY fear
 
Whilst lockdown has encouraged many of us to dabble in DIY, it's not for everyone, which could mean DIY-shy movers end up paying premium prices for professional help that could have been accomplished with a quick YouTube tutorial.

From building flatpack furniture to fixing kitchen sinks, you'll be surprised at what you can do yourself, and how much that could save you.


Declutter as you go

Getting rid of items you no longer want or need could impact your quoted removals firm service, so bear that in mind before committing to a price, as some companies will price based on content quantity over time taken.
 

Refrain from a moving day takeaway

Takeaways are tempting at the best of times, so when you're unable to find your cutlery or utensils, you might find yourself reaching for the phone.
 
If you're on a budget and want to stick to it, plan ahead and prepare meals that can be eaten at the end of a long day.
 
Or if your temptations do give way, make sure you research local delivery options to avoid paying more than you anticipated.
 

Redirect your mail

Not changing your mailing address can become an expensive pain going back and forth fetching letters addressed to your old house.
 
For a small fee, you can get this changed for you.
 
However, if you want to save the most money, you can do this manually by contacting the companies you know send you mail regularly, for example bills and pay slips as well as any online retail shops you frequently order from
 

Swap to the cheapest utility providers

Although it's advisable to search around for the best providers all-year round, it's even more important following a move.
 
You might find that your new area gives you access to better deals and rates, or that certain broadband providers perform slower / faster compared to your previous location.
 
It will also save you the hassle of setting everything up only to decide to switch after a few weeks or months.
 

Frugal furnishings

The goal to a successful move is to create liveable areas in your home until you've finished making it your own with home improvements and renovations.
 
Don’t break the bank by rushing to purchase those finishing touches, as you'll find that adding to each room over time ensures each section of the house has purpose and character.
 
For a second-hand find, try websites such as Freecycle or Gumtree – just make sure you're confident in what the sellers are offering before you pay them.
 
Contact our expert agents to find out more about a seamless moving experience, visit our website.
 



Can landlords meet the new guidelines on right to rent

 
Whilst these would ordinarily have been conducted via face-to-face meetings, right-to-rent checks have temporarily been altered to make it easier and safer for landlords and tenants.
 
 
These checks can include:

– Video call checks only

– Tenants can send scanned copies of documentation via email or mobile rather than using originals

– Where unable to provide existing documents, landlords should use a checking service for prospective or existing tenants
 
 
Over this year, there have been speculations over whether landlords are able to meet new guidelines, especially in light of the fact that any new tenancies that started during the pandemic are now expected to be completed retrospectively.
 
So far, 'adjusted checks' have been performed, but this new expectation means all landlords will need to play catch up to fulfil retrospective checks within eight weeks of the COVID-19 measures ending – which may prove a very tight deadline.
 
 
Given the volume of checks this refers to, and the fact the backlog is growing daily, there are mounting concerns from industry bodies such as ARLA Propertymarket over landlords' ability to comply.

If you need help and support in preparation for the end of these measures, we can help.
 
Please get in touch for more information.
 
 



Your stamp duty and mortgage holiday questions answered

 
As we emerge from the country's second lockdown and pick back up with the tier restrictions, we're seeing yet more reports of possible job cuts and unemployment concerns up and down the country.
 
If you have questions about your mortgage, we'd like to help guide you.
 
Earlier this year, the introduction of the government's three-month mortgage scheme saw a huge uptake, with lenders granting as many as 2.5 million payment holidays.*
 
Now that they've extended it, with a deadline for deferral applications at the end of January 2021, it's possible once again for homeowners and landlords to obtain financial support.
 

If I apply for a mortgage holiday, will it impact my credit?
 
The Financial Conduct Authority (FCA) have publicly confirmed that requesting a six-month mortgage holiday or extension will not negatively impact your credit.
 
If, however, it comes to the end of the six months and a customer is still in an unstable financial situation, they are advised by the FCA to seek support from their lender.
 
At this point, a tailored support plan will need to be arranged, which could show up on your credit file.
 
Although this is a viable lifeline, it is in the borrower's best interests to only use this scheme if absolutely necessary, as you will accrue interest without making any payments for the duration of the mortgage holiday.
 
 
What's next for the property market?
 
With the stamp duty deadline looming, there has been a crying demand for the government to commit to an extension beyond March 31st 2021.
 
Thousands of property sales are currently moving through the various homebuying stages, with sellers, buyers and property investors keen to make the cut.
 
As we're seeing such high demand, there have been inevitable delays from conveyancers, lenders and other industry professionals depended on to reach completion.
 
It's imperative at this time to remain level-headed, to prepare any necessary paperwork to expediate the process, and to keep in regular contact with your agent.
 
 
 
If in doubt about your mortgage options, you should consult your lender directly, as they will provide further clarification on what is right for your personal situation.
 
To speak with our agents, contact us from our website this December.
 
 
*Source: Homes & Property
 



Winter maintenance suggestions to safeguard your property

 
As we're in the midst of winter, and the cold weather is now in full force, you need to be informed on how to protect your home against any potential seasonal damage, as well as reduce unnecessary spending.

Back in 2018, there were a record number of burst pipers in the UK, resulting in over £194 million worth of insurance pay outs.*

Whilst these can be problematic for homeowners and landlords, there are a whole range of contributing factors that could lead to expensive repair bills at this time of the year.

To help you cut these costs, we've collated advice every property owner should be aware of.


1) Protect your pipes

A burst pipe can cause up to £4,000 in damages – rising beyond this amount in the most severe cases.

Pipe insulation, which can be installed yourself, costs next to nothing. It can be used under sinks, on any pipes running along exterior walls and in attics.

Basements are also important to pay close attention to, where 37% of all burst pipes happen. Insulating your water pipes will prevent pipes from freezing or bursting, which can be a huge inconvenience for households over the holidays.


2) Insulate your loft space

Investing money into insulating your loft will save you a small fortune in the long run, with average annual savings as follows:**

– £225 on your energy bill per year for a detached house
– £135 on your energy bill per year for a semi-detached house
– £120 on your energy bill per year for a mid-terrace house

Alongside this financial incentive, insulating your attic will mean you're directing heat within your property to the living areas, where it needs to be.
 
By keeping your attic cooler, it may also prevent ice dams from forming on your roof.


3) Clean out and inspect your gutters

Your property's gutters are there to get rid of rainwater that collects on the roof.

Regular maintenance and checks will prevent blockages from forming. If a problem forms, you'll start to notice rainwater running down the side of your house and may even spot discoloured walls inside.

Gutters can become clogged with leaves, moss, twigs or even bird nests.

It is very important that the water can be drained, otherwise damp and mould can form, leading to a much more serious issue for you to tackle!


4) Wrap up your hot water tanks

Perhaps an unusual one, but getting your hands on a British Standard Jacket for your hot water cylinder can protect your home and save money too.

The Energy Saving Trust recommends insulation to be 25mm to 80mm thick.

With yearly savings of up to £150, it's estimated that payback on one of these insulation jackets would take just two months.


Bleed your radiators

Rather than do this once a year, homeowners and landlords should routinely check their radiators to release trapped air, as this will ensure they're working at maximum capacity whenever you decide to turn the heating on.


Close off your chimney

A huge loss of heat can arise from unused fireplaces.

If you have a chimney that you do not use, and you would like to board it up, try a chimney balloon.

They can cost as little as £30 and they are incredibly easy to install, with the balloons keeping the cold air out by blocking any drafts.


The cleaning essentials that you need to know about for your festive preparations:

– A rubber broom: if you opt for a real Christmas tree this year and don't want to battle pine needles on your floor, then you need one of these. As an added bonus, they're also effective at collecting pet hair too.

– Nylon pan scrapers: over Christmas you are bound to have some stubborn pans that even elbow grease cannot save. Invest in a pan scraper to make the clean-up that much easier.

– Red wine stain remover: There will be wine flowing during the festivities, so make sure you have something at hand to fight resilient stains.

– Mould cleaner: As December is typically wet and cold, it is prime time for mould to form. To get ahead of the problem, consider stocking up on mould cleaner to combat areas as soon as they appear!


For more tips on protecting your home this season, talk to our property professionals.
 



*Association of British Insurers (ABI)
**Energy Saving Trust