Welcome to your monthly property update!

Welcome to your monthly property update!




Kirkby Stephen,Cumbria, CA17

Kirkby Stephen is an active market town just beyond the northern periphery of the Yorkshire Dales National Park.
 
£965,000

Click here to read Kirkby Stephen,Cumbria, CA17.



Patrick Brompton,North Yorkshire, DL8

Wheelgates is a large family detached house with a detached single story annex, which is situated in a quiet location...
 
£825,000

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JESUS CHRIST SUPERSTAR LIVESun, 2nd March 2025

Tim Rice and Andrew Lloyd Webber’s rock classic Jesus Christ Superstar returns to its roots with this sensational performance filmed in the UK during the Live Arena Tour.

Click here to read JESUS CHRIST SUPERSTAR LIVESun, 2nd March 2025.



The 2025 mortgage checklist: What to prepare

With the property market gaining momentum in February 2025, and mortgage deals improving, many buyers are taking steps towards securing their dream home. A mortgage is a key part of the process, and being well-prepared can make all the difference when it comes to securing the best deal and moving quickly when you find the right property. Whether you are a first-time buyer or moving home, having everything in order before you apply can help make the process smoother. Here is what you need to prepare for your mortgage application this year.
Check your credit score
Lenders will assess your credit score to determine your reliability as a borrower. A strong credit score can improve your chances of being offered a competitive mortgage deal. Before applying, check your score through a reputable credit reference agency and ensure there are no errors on your report. Simple steps such as paying bills on time and avoiding unnecessary credit applications can help maintain a healthy credit profile.
Organise proof of income and employment
Lenders need to see that you have a steady income to cover mortgage repayments. If you are employed, you will usually need to provide recent payslips and a P60 form. If you are self-employed, you may need at least two years of tax returns and accounts, along with bank statements showing your earnings. Having these documents ready in advance can speed up the approval process.
Calculate your deposit and budget
Knowing how much you can afford to put down as a deposit is essential before applying for a mortgage. The higher your deposit, the more mortgage options may be available to you. In 2025, there are still government schemes such as the mortgage guarantee scheme, which supports buyers with a smaller deposit. It is also important to factor in additional costs such as stamp duty, legal fees, and moving expenses when planning your budget.
Prepare bank statements and outgoings
Lenders will review your spending habits to assess whether you can afford mortgage repayments. Be prepared to provide several months’ worth of bank statements showing your income and regular expenses. Reducing unnecessary spending in the months leading up to your application can help demonstrate financial responsibility and improve your chances of approval.
Get an agreement in principle
An agreement in principle is a statement from a lender confirming how much they are willing to lend based on an initial assessment. While not a formal mortgage offer, it gives you a clear idea of your budget and can make you a more attractive buyer when making an offer on a property. Many estate agents will ask for this as proof that you are in a strong position to proceed with a purchase.
Research mortgage options
There are various types of mortgages available, including fixed-rate and variable-rate options. It is worth researching what suits your financial situation and future plans. Speaking to a mortgage broker or advisor can help you understand the latest deals available in 2025 and find a mortgage that meets your needs. Keep an eye on lender requirements, as affordability checks and lending criteria can change over time.
Consider your future financial plans
Before committing to a mortgage, think about your long-term plans. If you expect changes in your income, job, or lifestyle, it is important to choose a mortgage that fits your future goals. Some buyers may prefer flexibility, while others might want the security of a fixed monthly repayment. Planning ahead can help you choose a mortgage that suits both your current and future circumstances.
Be ready to move quickly
With the property market seeing increased activity in early 2025, being prepared gives you an advantage when you find the right home. Having all the necessary documents in place, securing an agreement in principle, and understanding your budget can help ensure you are ready to act when the opportunity arises.
 
Book a valuation for expert guidance on the next steps in your home buying journey 
 



Maximising rental yields in 2025: Strategies for UK landlords

With the rental market evolving, landlords in 2025 must adopt smart strategies to maximise their rental yields while maintaining strong tenant demand. Rising costs, changing regulations, and shifting tenant preferences mean that landlords need to be proactive in optimising their investment returns. Whether you own a single rental property or a portfolio, here are key ways to maximise your rental income this year. 

Set the right rent for market conditions 

One of the most effective ways to maximise rental yield is by setting a competitive rental price. Overpricing can lead to long void periods, while underpricing means missing out on potential income. Regularly researching local rental values and adjusting your rent accordingly ensures you remain in line with market demand. Using letting agents or rental valuation tools can help you find the right balance between attracting tenants and securing strong returns. 

Minimise void periods 

Every month a property sits empty is lost income. To reduce void periods, ensure your property is well-maintained and market-ready before an existing tenant moves out. Listing your property early and offering flexible move-in dates can also help secure a new tenant quickly. Keeping good relationships with current tenants and offering incentives for lease renewals can further reduce turnover and maintain consistent rental income. 

Make cost-effective upgrades 

Small improvements can significantly increase rental value and attract quality tenants. Upgrading kitchens and bathrooms, improving energy efficiency, and modernising interiors can justify higher rents. Features such as high-speed broadband, smart thermostats, and modern appliances are becoming key selling points. Investing in energy-efficient upgrades may also help future-proof your property against evolving government regulations. 

Offer fully furnished or part-furnished options 

Furnished properties often command higher rents, particularly in city centres and areas popular with young professionals or corporate tenants. Offering a part-furnished or fully furnished option can increase demand and attract tenants willing to pay a premium. Providing quality furniture and neutral decor appeals to a wider tenant base and can justify a higher rental price. 

Optimise energy efficiency to meet tenant expectations 

With rising energy costs and stricter regulations on rental properties, improving energy efficiency is becoming essential. Properties with better Energy Performance Certificate EPC ratings are increasingly preferred by tenants who want to save on bills. Installing better insulation, double glazing, and energy-efficient heating systems can increase desirability and rental value. Government incentives may also be available to help cover upgrade costs. 

Review mortgage and financing options 

For landlords with buy-to-let mortgages, reviewing your financing arrangements can help boost rental yields. With mortgage rates fluctuating, refinancing to secure a better deal could reduce monthly repayments and improve profitability. Speaking to a specialist mortgage broker can help identify opportunities to restructure lending and maximise returns. 

Stay compliant with changing regulations 

Regulatory compliance is key to maintaining strong rental yields. Failing to meet new legal requirements can result in fines and additional costs. Staying up to date with licensing rules, deposit protection laws, energy efficiency standards, and health and safety regulations ensures your property remains legally lettable and attractive to tenants. Seeking professional legal or lettings advice can help you stay ahead of regulatory changes. 

Build strong relationships with tenants 

Retaining reliable tenants reduces costs associated with finding new occupants and minimises void periods. Good communication, prompt maintenance responses, and fair rent adjustments help create long-term tenancies. Satisfied tenants are more likely to renew their tenancy agreement, reducing turnover and ensuring steady rental income. 

Maximising returns in 2025 

With the right strategies, landlords can improve rental yields while keeping their properties in demand. Setting competitive rents, reducing void periods, making smart upgrades, and staying on top of legal requirements are key to a successful and profitable rental investment. By adapting to market trends and tenant expectations, landlords can ensure strong returns in 2025 and beyond. 

 

Contact us today for insights on how to optimise your buy-to-let investment 



Key positives driving the UK property market forward this February

The UK property market is showing strong momentum this February, with increased activity from both buyers and sellers. A combination of rising demand, improved mortgage deals, and appealing properties is fuelling confidence in the market.
Prices reflect strong demand
The average price of a property coming to market increased by 1.7% (+£5,992) in January to £366,189, marking the biggest jump in early-year prices in five years.* This growth reflects continued buyer interest and suggests that those considering selling their homes could benefit from robust demand and competitive offers.
Active sellers
Sellers are entering the market with renewed confidence, with 11%* more new properties listed compared to the same period last year. A wider selection of homes gives buyers more options while ensuring sellers attract attention from a motivated pool of purchasers eager to move. 
Active buyers
Buyer demand is also on the rise, with the number of agreed sales increasing by 11% year-on-year.* More buyers committing to purchases signals a thriving market, where realistic pricing and desirable properties are securing strong offers.
Stamp duty
With the 1st of April deadline having prompted many to start early, first-time buyers and homemovers seized the opportunity to minimise costs, adding more momentum to the market. Homemovers who do not move before then recognise the 2%** increase in stamp duty between £125,001 and £250,000, amounting to £2,500, is relatively small set against their investment and the improving market conditions. This makes the decision to move more straightforward.
Better mortgage deals
Lenders are responding to market conditions with more competitive mortgage deals, helping buyers secure favourable rates. Lower borrowing costs are encouraging those who may have delayed their move last year to re-enter the market, boosting overall activity and driving momentum.
Beautiful properties
With more homes available, buyers can explore a diverse range of properties, from charming period homes to contemporary new-builds. Sellers who present their properties well, using professional photography and effective marketing, can attract strong interest and secure the best possible price in this active market.
Market confidence
The improving economic outlook and rising consumer confidence are supporting the property market’s momentum. Stable house prices, increasing wages, and a strong rental market are encouraging both buyers and investors to act. With greater certainty in the market, more people are taking decisive steps towards buying or selling their homes.
 
Start your journey this February with confidence by booking a free valuation  
 



How to minimise wear and tear in your rental property without overspending

Keeping a rental property in good condition is essential for maintaining its value and attracting quality tenants. However, regular use naturally leads to wear and tear, and constant repairs or replacements can become costly. For landlords, the key is to minimise damage while keeping expenses under control. Here are some practical and cost-effective ways to reduce wear and tear in your rental property without overspending. 

Choose durable materials and finishes 

Investing in high-quality, durable materials for flooring, walls, and fixtures can reduce the need for frequent replacements. Hard-wearing laminate or vinyl flooring is a cost-effective alternative to carpets, as it is easier to clean and less prone to damage. Walls painted in washable, scuff-resistant paint allow for easy maintenance, reducing the need for frequent repainting. Opting for sturdy, low-maintenance kitchen units and bathroom fittings also helps minimise wear over time. 

Set clear expectations with tenants 

A well-informed tenant is more likely to take care of the property. Providing a clear tenancy agreement that outlines maintenance responsibilities, such as keeping carpets clean and reporting issues promptly, encourages tenants to look after their home. A simple guide on how to care for appliances, heating systems, and ventilation can also prevent unnecessary damage caused by misuse. 

Use protective measures in high-traffic areas 

Simple, affordable additions can significantly reduce wear in areas that experience the most use. Doormats at entrances help prevent dirt and grit from damaging flooring, while fitted furniture pads protect wooden or tiled floors from scratches. Installing door stoppers and kick plates can prevent damage to walls and skirting boards, reducing the need for repainting and repairs. 

Carry out regular inspections and maintenance 

Regular inspections allow landlords to catch small issues before they become expensive problems. Spotting early signs of damp, leaks, or damage gives you the chance to address them before they lead to costly repairs. A scheduled maintenance check every few months helps keep the property in good condition and reassures tenants that issues will be dealt with promptly. 

Provide quality fixtures and fittings 

While it may be tempting to furnish a rental property with budget-friendly items, poor-quality fixtures can break easily and require frequent replacement. Investing in sturdy door handles, strong curtain poles, and reliable kitchen appliances can save money in the long run by reducing the need for repairs. Choosing neutral, timeless designs also helps prevent the need for frequent updates due to changing trends. 

Encourage responsible tenant behaviour 

Encouraging tenants to report maintenance issues as soon as they arise can prevent minor problems from turning into expensive repairs. Providing a simple process for reporting issues and responding quickly to repair requests builds a positive relationship with tenants and helps keep the property well-maintained. Offering incentives for long-term tenants who take good care of the property, such as minor upgrades or professional cleaning, can also be beneficial. 

Limit excessive wear with smart furnishing choices 

For furnished rentals, choosing stain-resistant fabrics for sofas and chairs, and using wipeable surfaces for dining tables and worktops, can help keep furniture in good condition for longer. If you provide a washing machine, consider installing a filter to prevent damage from limescale and debris. Simple choices like these can significantly extend the lifespan of furnishings without increasing costs. 

Use a professional end-of-tenancy clean 

At the end of each tenancy, having the property professionally cleaned can help prevent long-term damage. Deep cleaning carpets, appliances, and bathrooms keeps them in good condition and makes it easier for new tenants to maintain the property. Some landlords include professional cleaning as a requirement in the tenancy agreement, ensuring the property is returned in good condition. 

Protect your investment cost-effectively 

Reducing wear and tear does not have to be expensive. By choosing durable materials, setting clear expectations, and maintaining the property proactively, landlords can keep their rental homes in excellent condition without overspending. A well-maintained property attracts responsible tenants, reduces repair costs, and helps ensure a long-term, profitable investment.

 

Contact us today for practical solutions to protect your property investment