Blog Book a Property Valuation
THE DARTMOOR OFFICE, ASHBURTON: 01364 652652
THE TEIGN VALLEY OFFICE, CHUDLEIGH: 01626 852666
THE HIGH MOOR OFFICE, MORETONHAMPSTEAD: 01647 441104
ASSOCIATED PARK LANE OFFICE: 0207 079 1448

 
31May

What does the new Tenant Fees Act mean for you?

 

The law around what tenants can be charged for when starting new tenancies is changing this Saturday (1st June).

But what does that mean for renters ?

The Tenant Fees Act will apply to new tenancies and renewals of tenancies, meaning that landlords and letting agents won’t be able to charge for a range of admin fees that they previously had, and has capped tenancy deposits to five weeks.

This new legislation means that some tenants could save hundreds of pounds.

For properties in England, the Tenant Fees Act 2019 means that in addition to rent, lettings agents can only charge tenants (or anyone acting on the tenant’s behalf) the following permitted payments:

  • Holding deposits (a maximum of 1 week’s rent)
  • Deposits (a maximum deposit of 5 weeks’ rent for annual rent below £50,000, or 6 weeks’ rent for annual rental of £50,000 and above)
  • Payments to change a tenancy agreement eg. change of sharer (capped at £50 or, if lower, any reasonable costs)
  • Payments associated with early termination of a tenancy (capped at the landlord’s loss or the agent’s reasonably incurred costs)
  • Utilities, communication services (eg. telephone, broadband), TV licence and council tax
  • Interest payments for the late payment of rent (up to 3% above Bank of England’s annual percentage rate)
  • Reasonable costs for replacement of lost keys or other security devices
  • Contractual damages in the event of the tenant’s default of a tenancy agreement and
  • Any other permitted payments under the Tenant Fees Act 2019

The Act also states that agents and landlords don’t have to pay back any fees they have charged a tenant before 1st June 2019. So, if an agent or landlord requires a tenant to pay a fee linked to a contract that started before the ban came into force, such as check-out or renewal fees, they can continue charging those fees until 31st May 2020.

This new Act should spell some good news for tenants and it may also meand that more people are able to move more often if they want to, thanks to the reduction in the cost of moving. 

Miles Shipside from Rightmove commented :

“It remains to be seen if the ban will be passed on in other ways such as increasing rents and tenants will still need to find a pretty hefty rental deposit in many areas. What we really need now is more fresh stock for the rental market so that rents don’t continue to rise at the current rate we’re seeing.”

For properties in Wales, changes to tenant fees will come in from September 2019.

For more information contact us on 01364 652652 or 01626 852666

Source: Rightmove.co.uk

16May

APRIL 2019 HOUSING MARKET UPDATE 

11May

DRESS YOUR HOME TO IMPRESS YOUR BUYERS

When your house is for sale, it’s exciting to get a viewing booked. After all, that viewer could become a buyer!

 

It’s important then to make sure your house is looking its absolute best, and dressed to impress, so we’ve created a three-step guide to make it easy for you to get the important things right:

 

Step 1: Check your kerb appeal

 

If your viewer doesn’t love the look of your home from the front, they may never get past the front door!

 

·         How’s your front door looking? Smarten it up with a new coat of paint and make sure your handle and letterbox are relatively new.

 

·         Check your lights. If you’re showing your home in the evening, you need to make sure your buyer doesn’t trip on their way in! Make sure your outside lamps are working and clean.

 

·         Keep your path, driveway or steps swept of leaves, and free from rubbish. Park vehicles neatly and put away bikes and toys out of sight.

 

·         House name or number – is it straight and clean? Make sure your viewers can find your home easily, without stress.

 

·         Windows – keep them sparkling clean and make sure there’s no flaking paint or greying uPVC.

 

·         Green stuff – even if your front space is tiny, plant a creeper or buy plants in pots to add colour and interest. 

 

So now you have your outside looking wonderful, it’s time to move inside…

 

Step 2: Giving your interior the WOW factor 

 

Styling the interior of your home to make it more attractive for viewings doesn’t have to be expensive. We’ve put together a list of a few home styling accessories that will add some stylish polish your viewer will love:  

 

·         Cushions – a really easy way to instantly update that fading suite and add colour, texture and interest at the same time.

 

·         Rugs – a large, deep rug can transform a room, adding warmth and style.  You don’t have to spend a fortune on them; eBay shops are full of large fluffy rugs for less than you might think. Stick to neutral colours to add a sense of spaciousness.

 

·         Fruit – fill a big glass bowl or wide vase full of just one type of fruit for instant contemporary style. Oranges, green apples or lemons look wonderful. 

 

·         Flowers – long elegant Cala lilies look great on a large dining table, and little hand-tied posies are just right for a rustic kitchen.  Choose carefully for maximum impact

 

·         Toiletries – invest in luxury, and just keep them out for viewings.

 

·         New bedding – especially for the master bedroom, where it matters most to your buyers.  Go for plain, neutral designs, then add some cushions and a textured throw.  Voila! A hotel-style bedroom your viewers will adore.

 

·         Towels – used towels never quite look the same as brand new ones, so treat your home to some gorgeous new towels, and make sure that no one uses them – they’re just for show!  Whip them away and hide them after each viewing so they stay looking their best.

 

Step 3: A final check

 

Here’s a final checklist to make sure your viewers have the best possible experience of viewing your home:

 

·         Shut all your doors – let the viewers open them, so each room becomes a little ‘surprise’

 

·         Laundry – check radiators and put away clothes maidens to hide all signs of domestic chores

 

  •        Pets – if you have a cat litter tray, put it outside or in the garage, out of sight. If you have a dog and you can persuade       someone to take it for a walk, it would save a viewer being distracted by sloppy licks – especially if they’re a non-dog lover. Also move Fido’s bed, food bowl or anything else out of the way.
     
  • Open windows – unless it’s really cold, it’s nice to have some fresh air in the house.

  • Is it warm enough? You may have been rushing around doing last minute tidying, but your viewers need a warm, welcoming home to look around, so err on the side of warmer is better.

  • Put all toilet seats down – enough said!

 

So your home is looking wonderful – inside and out, and you’ve checked to make sure your viewers don’t see anything they shouldn’t. What’s next?

 

Atmosphere! That elusive element that can put your viewers at ease and relax them so that they enjoy viewing your home.  Light some lightly-scented candles and make sure your lamps are all lit to create a lovely warm glow. If you have a fire – real or otherwise – light it around half an hour before time. Playing some soft music in the background is a nice touch, and if it has a slow beat, it could even help persuade your viewers to linger – just long enough to fall in love with your home!

 

If you’re selling your home – or thinking of it, we’d love to have a chat with you. You can pop us an email at katie@sawdyeandharris.co.uk or call us on 01364 652652.  We also have lots more information about selling your home here www.sawdyeandharris.co.uk

 

 

 

 

 

 

 

30Mar

 

First-time buyers now make up the majority of home purchases bought with a mortgage in the UK, figures show. The Halifax bank said the last time such a situation existed was 1995.

An average deposit of £32,841 is now required to get on the property ladder in the UK.

The Halifax First-Time Buyer Review is based on figures from industry group UK Finance, as well as its own house price database and Office for National Statistics earnings figures.
Halifax said first-time owners in 2018 accounted for just over half of all sales with a mortgage.

We have some amazing value homes for not only first time buyers but for all buyers in Ashburton, Chudleigh and Moretonhampstead so why not get in touch with us today - 01364 652652

30Mar

 

The Homes (Fitness for Human Habitation) Act 2018 came into force in England on 20th March 2019.  The Homes Act will make it so that landlords must ensure their property is fit for human habitation at the start of the tenancy, and then maintain this standard throughout the rest of the time the tenant lives in the property.

The legislation does not come into force for all tenancies at the same time however.

After March 20th 2019, any tenancies which are new, or renewed the legislation will apply from the start date of the new tenancy. This will include any statutory periodic tenancies that start after a fixed term comes to an end.

For tenancies which were already periodic tenancies, there is a 12-month grace period until March 20th 2020 before these tenancies are caught by the Homes (Fitness for Human Habitation) Act.

Update Cookies Preferences