11
Oct 19

We could be leaving the EU at the end of the month. I say 'could' because let's face it, anything is possible on the Brexit merry-go-round. However, one thing is certain and that is that there has been a negative effect on the property market.

Estate agent comparison site, GetAgent.co.uk, has looked at where UK home sellers have been forced to take the biggest property price reality check when it comes to the asking and selling price of their home.

Pulling data from all of the major portals then cross-referencing with the Land Registry, the firm used proprietary algorithms to create a comprehensive record of what is selling, where, for how much and how long it’s taking.

When it comes to the asking price sought by UK home sellers, the market has remained firm as a whole, up 7% across the UK since the Brexit vote, with actual sold prices up 7.6%.

However, while the resilience and diversity of the UK market means many areas have remained impervious to the Brexit blues, there has been a notable chill in both asking prices and sold prices in a lot of areas.

Here are the worst when it comes to both.

Asking Prices

The biggest asking price drop since the vote has been in Bradford with home sellers having to re-evaluate their price expectations by a huge -35.9% to drum up buyer interest. Waveney in Suffolk has also seen a notable decline, down -22.4%, while the London borough of Islington takes the third spot with asking prices down -21.3%.

Chichester, Wigtownshire, Vale of White Horse, Aberdeen, East Hampshire, Horsham and Bolsover are also amongst the largest declines.

Sold Prices

While home sellers will list at a higher asking price to chance their arm in any market conditions, often resulting in a decline, sold prices have also come tumbling down in a number of areas since the Brexit vote.

It’s bad news for those in Bradford as the area not only tops the largest asking price declines but also the largest sold price declines, down -30.6%. Another Suffolk district ranks for the second largest decline in sold prices, but this time it’s Babergh with a decline of -24.8%, while Hertsmere places third, down -20.3%.

Wellingborough, Harlow, Chesterfield, Blackburn with Darwen, Oxford, Ripon and North West Leicestershire join the rest as the worst areas for sold price decline since the Brexit vote.

Colby Short, Founder and CEO of GetAgent.co.uk, commented: “There’s no doubt that Brexit uncertainty has produced perhaps the most erratic property landscape we’ve seen in some years and while there is light at the end of the tunnel, it’s hard to say just how long the tunnel is and if there is indeed an end in sight or not.

It’s certainly not accurate to say the UK market is down and out and for the vast majority, property prices continue to creep up, albeit at a slower rate than previous years. However, there are certainly a notable number of areas in which Brexit has delivered a bit of a knock-out punch for property prices and a real lack of buyer demand is seeing sellers list for a lower sum and sell for even less.

The proof of UK property is most definitely in the pudding though and once Brexit is behind us, we should see a reversal in fortunes for those feeling the brunt of our current European limbo.”

7
Oct 19

Halifax has unveiled ‘Home by Halifax’, a new space on Cannon Street in London, dedicated to helping people buy a home.

The new is thought to be the first its kind in the UK and will bring together experts in home buying, interactive experiences and special events.

Aimed at everyone, from those just starting to think about saving to buy a property to those thinking about home insurance and other homeowner essentials. Extended opening hours will ensure expert staff are on hand to help walk people through the process and provide the best support possible at a time that’s convenient to London’s busy workers.

Located in the heart of London at 100 Cannon Street, Home by Halifax’ visitors will be greeted by a 55” interactive screen which breaks down the process of buying a home into helpful stages.

Free events open to everyone will also be a regular feature, focusing on a range of topics, including home buying and events with industry experts, and charity partners.

Yoga classes will also be offered free of charge to encourage mental and physical health and combat stress.

All events and seminars will be held in the morning, at lunch and after popular working hours. A list of current events can be found here.

Russell Galley, Managing Director, Halifax says: “We’ve built a different kind of space unlike any other dedicated to home buying, as we know the challenges people can face when attempting to set foot or move up the housing ladder.

Home by Halifax is designed to make the process simple, with extended opening hours and specially trained staff on hand to help people make the most of their visit at a time that’s convenient. Our free events also recognise that buying a home can be stressful, and that’s why we think it’s important to offer something different, focussed on health and wellbeing.”

Quality food and barista crafted coffee will also be available in Change Please coffee shop – a warm, informal space to chat, meet, work and learn. Run in partnership with social enterprise and award-winning local independent supplier Change Please, it empowers members of the local homeless community by offering opportunities to be trained as baristas.

Halifax recently launched the Family Boostmortgage to help first-time buyers without a deposit, where savings from parents or other family members can be used to provide security for 10% of the loan.

Staff will be on hand to discuss Family Boost, as well as a range of other products, with visitors from the 7th October. In addition, video links to further expert staff members will help customers make the most of their time in store on the rare occasion an adviser isn’t immediately on hand to help.

Home by Halifax will be open five days a week from 07:30 to 19:00 on Monday to Thursday, closing at 16:00 on a Friday.

8
Jul 19

Amazing home at a new and amazing price!

This great family home is situated in a prime position within a sought after development enjoying privacy and seclusion siding onto Godinton Park gardens. The current owners have lived here from new for the last 18 years and it's easy to see why. Call or Email us to today to arrange your priority viewing!

https://www.evolutionproperties.co.uk/property-search~action=detail,pid=1117

3
Jul 19

What an amazing surprise I had when opening a large white envelope today! Not only have we been awarded Gold for Estate Agent and Gold for Letting Agent in Ashford as well as Bronze for Letting Agent in Kent, we have now won a Best Estate Agent Guide Award!

We wait to find out in what category we have been placed, ceremony on the 10th October, but this really does cement the work that all of the team put in to the business and it makes me so proud and honoured to have them as my work colleagues as well as good friends!

We will keep you updated with our news and thank you to everyone who has helped us get to where we are today!

5
Jun 19

The latest research by independent London estate and letting agent, Benham and Reeves, takes a look at where across the UK and London offers the best buy-to-let investments when it comes to rental return and the speed at which annual rent will repay the original average house price.

The estate agent looked at average house price plus the cost of buy-to-let stamp duty and annual rent and ranked each area on the number of years it would take for this annual rent to recoup the cost of buying in each area and paying stamp duty.

Across the UK, Scotland offers the quickest return on investment with the annual rent returning the original asking price in 17.7 years. Northern Ireland was the second quickest at 18.9 years, followed by England (25 years) and finally Wales at 26.4 years.

In the capital, Tower Hamlets is the best buy-to-let investment for the fastest return, with annual rental income taking 21.4 years to return the average house price and stamp duty costs of £452,821.

Barking and Dagenham (22 years), Newham (23 years), Greenwich (23.5 years) and Enfield (25.7 years were also amongst some of the best options in the capital.

With Scotland and Northern Ireland home to the quickest return on a top level, it’s no surprise that they account for the top three quickest areas in the UK, with Glasgow the quickest of them all at 13.3 years followed by Belfast at 15.8 years and Aberdeen at 17.8 years.

Nottingham was the quickest area in England to see rental income recoup the cost of buying a property at 18.4 years, followed by Newcastle at 18.5 years.

Marc von Grundherr, Director of Benham and Reeves, commented: “Buy-to-let investment is a complicated business, even more so given the changes to the sector of late, however, the primary indicator of a good investment is always going to be the rental yield available.

While a buy-to-let investment includes all sorts of additional concerns such as contingency budgets, capital growth and so on, we wanted to highlight on a more digestible level where offers a good investment option when it comes to recouping the cost of that investment via your rental income.

What this research demonstrates is that while buy-to-let remains a lucrative business despite the Government’s attempts, it should be viewed as a long-term one and not a method for making a quick buck. For those serious about the sector whether it be as a professional or amateur landlord, it’s important to understand the commitment before diving in if you wish to see a profit.”

6
May 19

Evolution Properties are so excited about this superb 4 bedroom detached family home that is positioned in the sought after Sandyhurst Lane area of Ashford. There are field views to the front, plenty of parking and so much space throughout. We will be adding full details to our website soon but dont wait, if you think this could be for you, contact us today!

 

 

12
Apr 19

On Monday 12th November, BBCs latest Panorama investigation focused on the impact of the controversial Universal Credit, and most crucially the housing element.

The programme revealed the extent of the rent arrears problem as a result of changes to the benefits system. Paul Shamplina, founder of Landlord Action, together with Mick Roberts, one of the UK’s largest Housing Benefit landlords, join other industry experts in calling on the government to act now and scrap direct payments to tenants of the housing element of Universal Credit, before the situation worsens.

Under the old system, housing allowance was paid direct to councils or private landlords. Now, in order to mirror the world of work and encourage people to be more independent, Universal Credit (UC) payments are made direct to claimants. However, when combined with the cuts in benefits, tenants are under increasing financial pressure, evidenced by the 55% rise in evictions of council tenants compared to the same time last year. Panorama revealed the average rent arrears for UC claimants across the UK stands at £663 versus £263 on the old system, nearly two and half times more.

According to Paul Shamplina, founder of Landlord Action, the changes are exacerbating the housing shortage by forcing private landlords to move away from letting to tenants in receipt of Universal Credit. In the last year, 61% of private landlords with tenants on UC have seen them go into arrears.

Paul says: “It’s a deal breaker for landlords and yet the councils don’t have enough houses to house homeless people. We saw on Panorama that, in the last year, Flintshire Council alone has seen an 85% reduction in the number of private landlords on their books willing to rent to UC tenants. When you roll that out across the rest of the country you can see why we have such a desperate housing shortage. The system used to benefit tenants, by providing more accommodation, as well as landlords, who were guaranteed timely rent with no void periods. Now it benefits no-one. The most vulnerable tenants are being left behind, forced to use an online system which many can’t access, and landlords are having to start eviction proceedings as a last resort.”

Mick Roberts, 40, has been a private landlord for more than 20 years. He has always let his properties to Housing Benefit tenants but is now having to consider only letting to private tenants.

He comments: “I have loved letting to housing benefit tenants over the years and formed great relationships with many of my tenants, but I’m sad to say I can no longer do it as a direct result of Universal Credit. As an example, I have four tenants in Nottingham in receipt of housing benefit who have rented from me for over 16 years. They have NEVER had arrears. They have all been moved to Universal Credit, and now they are all in arrears! That’s 100% failure rate. I believe sorting the housing element would solve a large proportion of problems.”

Panorama’s investigation appeared to echo what many industry experts has been saying for some time - the majority of tenants do not want direct payments because they openly admit they struggle to budget.

Alok Sharma MP, Minister of State for Employment, argued that UC is working well, that there have been lessons learnt in the process but that “we have is a simpler system which people understand and ultimately makes sure they get into work fast, stay in work longer and earn more.”

Mick Roberts vehemently disagrees with this: “UC has to be applied for online. I have a tenant who doesn’t even know how to go online or have access. They are not coming out to see the people at ground level. If they spoke to the tenants that are affected by this, as I have, they would realise.”

Paul Shamplina adds: “I’ve raised my concerns over the increasing complexity of the scheme which, in many cases, means even staff assessing Universal Credit claims are making mistakes on an all too regular basis to the detriment of tenants and landlords. Over the next few years, thousands more families will move across to UC as the Full Service rollout expands, bringing with it even more complicated cases and further challenges for DWP staff.

Unless changes are made now, housing stock will decrease further, and homelessness will increase. At present, direct payments to landlords are only considered in certain crisis situations. This needs to change and tenants and landlords need the option to have the housing element paid direct to the landlord.”

Full story below

https://www.propertyreporter.co.uk/features/rent-arrears-double-for-universal-credit-claimants.html

31
Mar 19

We are always looking at ways of improving our service and support to clients and following the transition to digital tenancies, we looked at faster and easier ways to reference the tenants which helps to cut down on fall through's. We chose Van Mildert who are market leaders in this field and one of the other reasons was for their "Rent On Time" product. This is an amazing product that effectively ensures that you receive your rent on time, irrelevant of whether the tenant has paid, provides full legal cover for possession of your property and wait for it, also has contents cover built in.

We love this new product so much and it has already been welcomed by everyone we have spoken to. So, if you are concerned about your investment and want complete peace of mind then contact me today and I will be more than happy to discuss your options!

28
Mar 19

❤️❤️❤️ We are SO excited about this gorgeous family home 👪 that has come to the market as not only has it been remodelled to offer more than enough space for any family but also, it is located in what is believed to be one of the best and most sought after cul-de-sacs in Park Farm.🏠
This amazing family home is positioned in a private driveway with only one other home and has a superb front garden with gorgeous oak tree 🌳 and plenty of area for the children to play as well as parking. The current owners have carried out extensive works in the property which include a garage conversion, newly fitted contemporary kitchen, new heating system, low maintenance astro lawn at the rear and full redecoration.

Do not miss this, contact us today!!! ☎️ 📲

27
Mar 19

Located on one of the most sought after developments in Ashford is this stunning 2 bedroom semi-detached home. The property has a modern open living space with a good size garden, parking and handy utility room. Call or email us today!