Are you In The Know?

Are you In The Know?


Twice a year, the team here at GL & Co, put their heads together to write a MarketView that will engage, inform and advise our customers, and those living in the local area. We are often thought of as the 'go to' for property advice, up to date information, compliance and legislation, as well as helping you move.

To read our Autumn/Winter MarketView, please just scroll down on our home page - click here, and then come in and see us or contact the team, to discuss your next property move, whether that be selling, letting, buying or renting.


Are you 'In The Know'?

 



Over 2500 sq ft of accommodation

A very well presented three bedroom detached family home, to rent, on the Thakeham/Storrington border offering over 2500 SQ FT of accommodation including the triple Garages.


Click here to read Over 2500 sq ft of accommodation.



Lettings agents have never been more important to landlords and tenants



 


Nothing is quite as simple as it used to be, and whether you are renting your home or letting it, the guidance of a seasoned letting agent is a must-have. There is new legislation, such as the Renters Reform Bill, and the complexities of a competitive market. Add to these greater, greener government demands and simply finding a great place to rent that is maintained properly, and you realise the importance of a good letting agent.

The Renters Reform Bill

What is the Renters Reform Bill? The Renters Reform Bill was introduced to Parliament for its first reading on May 17, 2023. Its aim is to improve life for 11 million renters and 2.3 million landlords in the UK, and it is based on five years of research conducted with landlord and tenant groups.* Here are some of its proposals:
  • the removal of Section 21
  • improved grounds for possession under Section 8
  • the change from assured shorthold tenancies to periodic
  • the creation of a property ombudsman
Has the Renters Reform Bill been passed?
Not yet. It’s at a very early stage of a long journey through parliament. The earliest date it may be passed is probably the first quarter of 2024. Then it will take at least 6 months before it comes into force for new tenancies, and 18 months for existing tenancies.

What does it mean for tenants?
Tenants can feel more secure with the proposed abolishment of Section 21. Protecting tenants from unfair evictions creates a more homely feeling and gives tenants real peace of mind. Renters will also be able to challenge landlords when it comes to providing good-quality homes. It's good news for your pets too, who will also have more rights than ever before.

What does it mean for landlords?
Section 8 will be strengthened, which allows landlords to end tenancy agreements early if they have good reason to do so. Despite the fears some have expressed about abolishing Section 21 - ‘no fault’ evictions, the reality is that it will make it easier for landlords to evict tenants for anti-social behaviour and repeated missed rent payments. While blanket bans on pets have also been proposed, with the new legislation in place, landlords can insist on their tenants' pets having pet insurance, certificates, and, in the case of dogs, being microchipped. Landlords will be able to increase rents, but the notice period to do so will be doubled.

Maintaining your property
Whether you are a landlord or a tenant, it pays to opt for a fully managed service. If there are any repairs needed to the property, they will be taken care of. That allows both parties to enjoy a good night’s sleep, whatever happens!

Keeping it legal
Estate agents make it their business to keep one step ahead of the game when it comes to legislation and paperwork. That keeps the property in question compliant for all. Failure to do so can lead to fines for landlords. If you are a tenant and want your reference or deposit taken care of, then this is just as much in the interests of the landlord.

It's about working together
Letting agents are the bridge between the ever-more complex landlord-tenant relationship. And it’s comforting for both parties to have an expert on your side that you can call at any time.

Contact us today for a better renting or letting service

GOV.UK*



Detached Bungalow to rent

 



West Chiltington property

 



Could the property market warm again as Christmas is on the horizon?

 
 

Now that the entire family has settled back into work or school, many people are getting on the move again. Even if you do not have a young family, it can be a bit frantic during the summer as you prepare for your holidays. If you start now, you could be in for Christmas, or in time to start the New Year in a new home. It may be getting colder outside, but there's plenty of reason for the property market to start warming again.

Larger homes are looking like a good option
The first-time buyer market is doing well, and many young buyers are saving their deposits while with parents, skipping renting, and choosing to buy. And their parents are selling their larger homes! If you are outgrowing your home and are already wondering where everyone is going to sit this Christmas, now is a good time to consider buying bigger.

Property is pride
Your property is possibly your most important possession. Why would you not want to enjoy a better home? Home is a feeling that never abandons you, which becomes enhanced when you find the right property. A home should be exciting, rewarding, comforting, and give a feeling of safety. With so many amazing homes to choose from, whether it be a rural retreat, a suburban new-build, or an apartment with a stunning view of the city skyscape. Maybe you would prefer a large Victorian townhouse with a study and a gym, or a beautifully presented and characterful village terrace—they are all beautiful and have the power to enchant you.

Home movers are becoming acclimatised
The UK property market has been fascinating these past few years, and as we enter a stage of calm, new doors of opportunity open. Cash is king, and the UK property market has many faucets. Generally, home movers and homeowners are adjusting to the higher cost of mortgages and costs of living. There are, of course, some who will find it difficult. Nowadays, there are initiatives such as cost of living support to help those struggling. However, for the most part, affordability levels are still strong, with many home movers in a good position in terms of equity. This will encourage them to make their move, and this in turn will make the market resilient. The property market is also underpinned by a shortage in supply and a large proportion of buyers who are mortgage-free.

Life is too short to wait
Life is for living, and many people are now fed up with waiting to see what happens. In the long run, it can cost you more money as values increase. Modern estate agents can tailor pricing strategies and connect you with the homes and the means of purchasing a home you want, due to their understanding of the market. There is always a way to get the keys to the home you want. It may take a little searching or a relocation to another region. But you will get there if you want to. This attitude is prevailing in the property market, and as such, more people are on the move again and eagerly looking forward to a great new year. This in turn means there are buyers on the databases of agents looking for a home like yours.

Thinking of moving? Book a valuation today



Stunning views of the South Downs

A beautifully presented chalet style home with fabulous views towards the South Downs, located in this highly desirable private lane on the fringes of Storrington. Having been extended and improved, it now offers 5 bedrooms and 3 bathrooms.

 

Click here to read Stunning views of the South Downs.