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23Sep

In this two-minute read, we look at why movers in Medway need to act now if they want to save thousands of pounds in cash.

The legendary American author Mark Twain famously said this about procrastination: ‘Never put off till tomorrow which may be done the day after tomorrow.’

And while it might be a useful mantra when doing something mundane like mowing the lawn or some home DIY, it doesn’t apply to the housing market in Medway right now.

The national lockdown and subsequent localised ones are causing delays in the home moving process.

If you are thinking of moving and cashing in and making the most of the Stamp Duty holiday which could see you save up to £15,000, you’ll need to get going soon, very soon.

The Sunday Times recently published an article that said October 12 was the deadline for people to put their homes up for sale if they wanted to complete the transaction before the tax holiday ends on March 31.

It also reported that there were longer than usual delays when getting mortgage valuations, property surveys, local authority searches and having conveyancing work carried out.

These are all essential components of most property transactions.

The newspaper said these Covid-19 related delays had caused a ‘Backlog Britain’.

Its sentiments were echoed by the property law website – Today’s Conveyancer – which said: “Pre-Covid-19 the time it took (from the marketing of the property) to find a buyer was, on average, 79 days, and the total time from listing to moving into a property was 187.

If that average holds, then by consulting your calendars you’ll know that September 25 is 187 days before March 31 next year when the property purchasing tax holiday is due to end.”

Either way, if it is October 12 or September 25, the key thing to do is to act now if you want to beat the backlog and move while the financial incentives are in place.

Today’s Conveyancer also published some tips, including those below, to help you speed up the process if you are thinking of selling or buying a new home.

1)      The seller should instruct their conveyancer on listing the property for sale.

2)      Ask their conveyancer to review the property information forms and title and to identify any issues which might impact a sale.

3)      The buyer should obtain a mortgage decision in principle ahead of putting an offer forward.

4)      The buyer should instruct a conveyancer prior to making an offer.

The full article is well worth a read and can be found via this link: https://tinyurl.com/y59k254r

So, it’s crystal clear, if you want to move before the March 31 deadline you need to act now to give yourself the best chance.

We’d love to be able to help you achieve this and make the most of the busy market we’re experiencing in Medway.

Give us a call on 01634 377737 to find out how we can help you beat the delays and get moving. 

17Aug

All landlords should look to maximise their rental income, but it is important to do so without compromising the standard of rental experience you offer to tenants. At Greyfox, we are pleased to say we have assisted many landlords in the local area, helping them to generate a more appealing return on their rental market investment.

Some of the essential areas you must consider when looking to enjoy the best return on your rental property investment include:

·         Finding the best location and understanding the local market

·         Finding the best tenant

·         Increase the perceived value of your property

If        If you are looking to maximise your rental income, please click to access the guide.

17Aug

The level of demand for rental property in the United Kingdom has left many people considering the role of a landlord to be a prosperous one. It is possible to generate regular income as a landlord, but there are challenges associated with the position. However, for anyone seriously considering becoming a landlord, you must understand the importance of your buy to let mortgage.

At Greyfox, we are pleased to say we have assisted many landlords and property investors enter the market. Your essential buy to let mortgage guide will provide you with what you need to know about buy to let mortgages, helping you make an informed decision.

If you would like to read our essential buy to let mortgage guide - please click here.

17Aug

We know being a landlord is often a challenging proposition. However, it is possible to make the process easier, and at Greyfox, we are here to assist you. We want all residential landlords to be aware of their legal responsibilities, and we want to help you manage these tasks and challenges.

As of the start of 2020, landlords in England had to comply with more than 150 pieces of legislation. This represented a 32% increase on the figures of 2010, and new guidelines are being introduced regularly.

We do what we can to assist landlords to stay up to date, and many landlords find our property management services to be of tremendous value. As we manage your property, you don’t have to worry about compliance; we take care of everything for you.

To see our guide on landlord's legal responsibilities, please click here.

17Aug

Landlords must be aware of the importance of tenant deposits, what they can charge, and how the deposit must be managed. At Greyfox, we are pleased to say we have assisted many local landlords manage their tenancy deposit, and we are always happy to discuss this matter if required.

Landlords are required to place the tenant’s deposit into a Government backed tenancy deposit scheme (TDP) if the tenant rents a property on an assured shorthold tenancy. This has been the case for tenancies which began after 6 April 2007.

If you would like to review our guide on tenant deposit schemes - please click here.

13Jul

If you are a landlord, you know complying with regulations is essential. Not only must you comply with existing regulations, but it is also your responsibility to familiarise yourself with new regulations. Given the volume of regulations, this is a challenge for landlords in the private rented sector, but we are here to help.

 

At Greyfox, we are always on hand to assist landlords to manage their property and provide a great standard of service to tenants.

Download the guide below:

Your Guide To Electrical Safety Standards in the Private Rented Sector(England) Regulations 2020

 

 

13Jul

With significant demand for rental property in the United Kingdom, it is easy to see why many people consider the benefits of being a private landlord. It is possible to generate regular income as a private landlord, but it is essential to know it is a challenging role.

 

At Greyfox, we are pleased to say we have assisted many private landlords in the local area. We offer a range of property management services, and no matter your level of expertise and confidence, we are here to assist you as best we can.

Download the guide below:

The Six Steps To Becoming A Private Landlord

13Jul

Landlords face many challenges, but one of the essential components in achieving success as a landlord is to communicate well with tenants. You’ll find having a cordial relationship with your tenant, based on trust and clear communication makes life a lot simpler for you.

If you rely on an agent to liaise with tenants on your behalf, make sure you choose one with a proven track record in fostering great relationships with tenants. At Greyfox, we are pleased to say our property management services deliver the best standard of service for landlords and tenants.

Download the guide below:

The Essential Communication Guide For Landlords

13Jul

No matter what business sector you operate in, knowing what customers are looking for is useful information. If you can tailor your products or services to meet the needs of people, you enhance your chances of connecting with them and selling to them. Therefore, if you are a landlord, you need to know what tenants are looking for in a rental property.

At Greyfox, we are pleased to say we have worked closely with many landlords and tenants. We also keep abreast of the local and national rental market. This ensures we stay in touch with the must-have features tenants look for in a rental property.

Download the guide below:

The Must Have Features Tenants Look For In Rental Property

04Jun

Being a landlord is a challenging role at the best of times. However, during the pandemic, it is understandable many landlords are looking for guidance and advice. At Greyfox, we are here to help. We appreciate these are unprecedented times, but with our letting industry knowledge, and official guidelines, we can provide you with guidance on what landlords should do during the pandemic.

Even though the housing and lettings market has been re-opened by the Government, for many people, lockdown is still in place. Therefore, landlords should always follow quarantine guidance and social distancing measures.

If you are keen to learn what landlords should do during the pandemic, 

download the guide below:

Landlords Guide To Pandemic

Contact Us

Rainham Office
67C High Street
Rainham
ME8 7HS

Tel: 01634 377737
Email:
rainham@greyfox.co.uk

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Walderslade Office
Unit 2, Thetford House,
Walderslade Village Centre,
Walderslade Road,
Chatham,
ME5 9LR

Tel: 01634 672227
Email: walderslade@greyfox.co.uk

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Greyfox Investments LTD t/a Greyfox Sales & Lettings are registered in England at: Unit 2, Thetford House, Walderslade Village Centre, Walderslade Road, Chatham, Kent, ME5 9LR. Company Reg No.: 06504741