What is Selective Licensing?     Apr 11 , 2023 Selective licensingA selective licensing scheme means that all private landlords in a designated area must have a licence to rent out a privately-rented property.Selective licensing aims to improve the private rented market. It means property must be of a decent standard for a landlord to rent out.Selective licensing also gives tenants confidence that houses
Lettings Market Records Its Strongest Month     Feb 23 , 2022 The lettings market recorded its strongest month in July, with voids continuing to decrease and rents rising across England. In some parts, void periods have dropped by as much as 50% month-on-month, taking England’s average from 22 to 16 days according to Property Reporter. Tenant demand is continuing to increase and banks have widened their range of buy-
All You Need To Know About Buy-To-Let Mortgages     Dec 07 , 2021 Buy-To-Let mortgages became increasingly popular five months into the Covid-19 pandemic, as there were more people looking to take advantage of the current situation and buy investment properties. The added bonus of the stamp duty holiday relief made it even more enticing, and the market saw a huge demand in houses for sale. Whether you are an investor in th
How will Wage Rises in Birmingham affect the Housing Market?     Nov 23 , 2021 As they struggle to meet demand, Argos have had to increase the wages of their HGV drivers from £11.41 an hour to £15 an hour – a rise of 31.2% meaning their pay goes from £27k to £35k. Care home providers are offering signing-on bonuses of many thousands of pounds to entice nursing staff away from their competitors, and new homes contractors say labou
How Having a Guarantor Can Help You Secure Your Rented Home     Nov 09 , 2021 What is a Guarantor? In essence, a guarantor is someone who agrees to provide the landlord with an assurance in the form of a ‘guarantee’ that they will pay the rent for another person as part of their tenancy agreement or contract, should the tenant fail to do so. A company or organisation can also step into this role. Who Can Be A Guarantor? Anyone can
Common Mistakes When Selling Your Home     Oct 27 , 2021 Selling your home is known to be one of the stressful processes you can go through in your adult life. There are lots of steps to go through and plenty of chances to make wrong choices, but we are here to help! Read on for advice on how to avoid the most common mistakes when selling your property. Overpricing your home Everyone naturally wants to get as mu
Birmingham Homeowners to be Made Homeless?     Oct 06 , 2021 The number of properties for sale in Birmingham has fallen by 13% since this time two years ago (October 2019). One of the reasons is that many Birmingham buyers feel overwhelmed and fearful they will be made homeless if they sell their home and can’t buy another. So, we have decided to look again at the facts and give them to you in greater detail.  Our
Why You Should Have a Letting Agent to Manage your Properties in Birmingham     Sep 27 , 2021 As a landlord, you need to have reliable property management company to help you build and manage your property business. After going through the hassle with contractors and the authorities when building or when buying and refurbishing your investment property, you should at least then be able to relax and watch your efforts pay off. The only way to reap qui
Only 1 in 97 Birmingham Properties are Bungalows, Despite an Ageing Population. Why?     Sep 23 , 2021 The bungalow is a building that has represented a more leisurely, gentler way of life since the early 1900s. Bungalows have been sold as an aspiration for those about to retire, saving them the annoyance of having to climb stairs. With an ageing population, one would think they would be building more bungalows, yet nothing could be further from the truth. In
Government\'s Help to Buy Scheme Reaches Record Numbers     Sep 01 , 2021 A record 55,649 households used the government’s Help to Buy Loan Scheme to purchase a property in the year to the end of March. The initiative enables people in England to purchase a new-build home with just a 5% deposit, which the government tops up with a 5-year interest-free equity loan worth 20% of the property’s value, rising to 40% in London. A
How the Stamp Duty is Changing     Aug 25 , 2021 The stamp duty holiday was first introduced in July 2020 to help boost the lockdown hit property market. It’s due to end in its current form at the end of this month. Until the holiday was introduced, it was only first-time buyers who could benefit from paying no stamp duty tax on the first £300,000 of the value of a property. The temporary tax break saw
Birmingham City Centre Home Moves Hit Record High in June     Aug 18 , 2021 June 2021 was the busiest month ever for UK estate agents, home removal companies and conveyancers since monthly records began as HMRC logged 213,120 residential transactions in June, a jump of more than 216% nationally on the same month last year (when the housing market had just reopened after the initial lockdown). 297.4% more people sell in June compare

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