HOUSE PRICE GROWTH SETTLES at 2% in SEPTEMBER…

The latest data and analysis from Nationwide has revealed that the UK housing market saw a small uptick in house prices during September, rising 0.3% after being seasonally adjusted.

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TMW CUTS BUY-TO LET RATES AND EXPANDS LIMITED COMPANY RANGE ……

“These changes are designed to support a wide range of landlords, helping them to access a greater choice of competitive rates and to manage their cashflow. “

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DO YOU NEED PLANNING PERMISSION FOR GARDEN BUILDINGS?

There’s never been a better time to time to update your garden, whether that’s with some new plants, outdoor furniture, or a new shed or greenhouse.

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HOME OWNERS MUST ACT NOW TO MOVE BY CHRISTMAS: RIGHTMOVE

Home-owners who want to move in by the traditional Christmas deadline, now only 18 weeks away, need to act now to do so, Rightmove have warned.

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4.8 MILLION CONSIDERING BECOMING A LANDLORD IN 2018

9% of UK adults have shown an interest in taking out a buy-to-let mortgage in 2018, meaning an extra 4.8 million people could become landlords in 2018, according to Sainsbury’s Bank research.

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HOME OWNERS MUST ACT NOW TO MOVE BY CHRISTMAS: RIGHTMOVE

Home-owners who want to move in by the traditional Christmas deadline, now only 18 weeks away, need to act now to do so, Rightmove have warned.

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WHO ARE THE REAL WINNERS AND LOSERS IN THE UK PROPERTY SINCE THE REFERENDUM

The latest UK HPI release of property price data for June provided the first concrete look how the UK market has performed on the two-year anniversary.

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FIRST TIME BUYER NUMBERS ON THE UP!

Halifax has reported that first-time buyer numbers have hit their highest amount for a decade, increasing more than double the 10% rise for all buyer types.

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Wishing you all the VERY BEST OF LUCK WITH YOUR EXAM RESULTS TOMORROW!

We hope that you all receive the results you hope for…

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SKIPTON REPORTS MORTGAGE LENDING UP 20%

Skipton Building Society has reported a 20.7% annual increase in gross mortgage lending to £2.4bn……

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UK LEADS THE WAY FOR DIGITAL HOUSE HUNTING

Proof that Kings are the Perfect agency for you!

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1 day ago

Kings of Surrey Estate Agents

What a lovely fuzzy festive welcome we get when we walk into our office 🎄 ...

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What a lovely fuzzy festive welcome we get when we walk into our office 🎄 ...

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What does the public really know about dealing with property?

Roughly 4.7m households in the UK currently rent. This figure has doubled since 1997 and shows no sign of slowing down so, as you can imagine, getting onto the ladder isn’t easy.
Unfortunately, the challenges don't end once you find the right property. It’s not any easier from the other side, either - landlords can struggle with difficult tenants, tricky laws, and household problems.
You can save yourself from problems with an understanding of your rights as a tenant or landlord - but do the UK public actually know what rights they’re entitled to? TotallyMoney conducted a survey of UK tenants to find out if they really knew their rights, and have created a complete guide to all the most-searched questions tenants and landlords are worried about.
What does the public really know?
Whether you’re a new tenant or a long-term renter, knowing what you can expect of your landlord, and what is expected of you, can be confusing. Survey results showed tenants thought:
• Half of the people surveyed (50%) didn’t know if their landlord could change their rent without notifying them.
• 97% of respondents didn’t know everything that a landlord legally needs to provide to tenants.
• More than half (57%) thought that a landlord is required to fix any and all problems with the property. Even though landlords are required (legally) to fix major issues which affect the tenants’ ability to live in the property, they aren’t required to fix small issues - especially if the tenant is at fault.
For the Attention of: Property Owner
With mortgage payments, other bills, and your day-to-day life going on, it can be tempting to fill your property with the first potential tenants who come along. But not all tenants are equal - and some are only going to cause more problems. You should watch out for the warning signs that a tenant is going to be trouble, like:
• Bad Credit - While not every landlord runs credit checks as a matter of course, as it can slow down the rental process, it can be a valuable way to see if a tenant regularly pays bills or if they’re likely to miss their rent.

• Employment History - Getting references from employers and finding out if a potential tenant has had a series of short-term jobs can be an indication as to their reliability; if they’re repeatedly jumping from one job to the next, they may be unreliable.
• Criminal History - It’s worth conducting a check into a potential tenant’s criminal background. A tenant convicted of violent crimes, or sex, theft, or drug offences could be a danger to your property or those in the vicinity.

KINGS can provide the highest level of service to assist, advise and protect our clients. We belong to professional governing bodies to ensure that we are fully up to date with each new legislation or change. We pride ourselves on doing our very best for our clients; always having their best interests at heart...

assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/723773/Ho...
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Why build-to-rent is the key to helping ‘Generation Rent’...
Millennials look set to be the first generation in the UK who may never own their own homes.

A recent report estimated that more than 50% of adults under the age of 40 will be living in privately rented accommodation by 2025, and research from the Resolution Foundation stated that up to one third of young adults will never be homeowners. As a result, much of this ‘Generation Rent’ looks likely to remain in private rental accommodation for the rest of their lives.

Long-term renting has often been portrayed as a forced living situation, rather than a choice. But it’s important to remember that homeownership isn’t for everyone, and it shouldn’t be. There are many valid reasons for not wanting to own your own home and there are several distinct advantages to renting. Home ownership can be expensive and can soon prove a serious liability if personal circumstances, finances or careers change. Perhaps the most obvious advantage to renting is the degree of flexibility it allows.

For many, renting is an affordable solution which adequately meets day-to-day needs. And it’s not just the young who are moving to private rental accommodation in ever greater numbers. People aged 65 and older are also now moving into the market in larger numbers than ever before. With over 200,000 older adults starting to rent in the last four years and, by 2040, it’s estimated that one in three people over 60 could be living in private rental accommodation.

The benefits afforded by private rental accommodation

With the private rental sector becoming increasingly popular, purpose-built rental properties can meet the need for modern and good-quality, housing stock. There are close to 131,855 build-to-rent (BTR) houses already built, under construction or planned in the UK, over half of which are in London.

These new BTR properties can offer more than many rental properties, including communal living solutions like shared gyms, pools and other sought-after facilities. Custom built accommodation can also often allow renters to pool their resources together and afford facilities which would be beyond their means as private homeowners.

How Build to Rent (BTR) can help fight the housing crisis

The gap between housing supply and demand has continued to grow in the UK – and whilst the Government’s pledge to build 300,000 new homes a year is certainly a step in the right direction, it continues to remain a challenge for some to find a home that is affordable and also to raise a deposit to buy - particularly if they are renting in the meantime.

As such, a stimulus that will support the BTR market is desperately needed – to satisfy the ongoing need for rental property. A recent report estimated that BTR will create 250,000 rental homes by 2030. These figures could, however, be even higher with additional investment.

In London, the public sector has begun serious investment in BTR. Sadiq Khan announced in 2015 that he wanted to build 5,000 BTR properties, but investment is currently limited to collective investment, not singular bodies. The public sector has correctly identified BTR as a way of boosting supply, but needs to open up the scheme to local councils, authorities and developers, both in London and the rest of the UK.

The future of BTR

The UK’s housing crisis is of major concern and whilst the Autumn Budget saw some limited support for Help to Buy and Shared Ownership, it focused mainly on the demand-side of the equation. However, policies to address the supply-side of the housing crisis are thin on the ground and many believe incentives for BTR would be a smart way to address this.
...

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Why build-to-rent is the key to helping ‘Generation Rent’...
Millennials look set to be the first generation in the UK who may never own their own homes.

A recent report estimated that more than 50% of adults under the age of 40 will be living in privately rented accommodation by 2025, and research from the Resolution Foundation stated that up to one third of young adults will never be homeowners. As a result, much of this ‘Generation Rent’ looks likely to remain in private rental accommodation for the rest of their lives.

Long-term renting has often been portrayed as a forced living situation, rather than a choice. But it’s important to remember that homeownership isn’t for everyone, and it shouldn’t be. There are many valid reasons for not wanting to own your own home and there are several distinct advantages to renting. Home ownership can be expensive and can soon prove a serious liability if personal circumstances, finances or careers change. Perhaps the most obvious advantage to renting is the degree of flexibility it allows.

For many, renting is an affordable solution which adequately meets day-to-day needs. And it’s not just the young who are moving to private rental accommodation in ever greater numbers. People aged 65 and older are also now moving into the market in larger numbers than ever before. With over 200,000 older adults starting to rent in the last four years and, by 2040, it’s estimated that one in three people over 60 could be living in private rental accommodation.

The benefits afforded by private rental accommodation

With the private rental sector becoming increasingly popular, purpose-built rental properties can meet the need for modern and good-quality, housing stock. There are close to 131,855 build-to-rent (BTR) houses already built, under construction or planned in the UK, over half of which are in London.

These new BTR properties can offer more than many rental properties, including communal living solutions like shared gyms, pools and other sought-after facilities. Custom built accommodation can also often allow renters to pool their resources together and afford facilities which would be beyond their means as private homeowners.

How Build to Rent (BTR) can help fight the housing crisis

The gap between housing supply and demand has continued to grow in the UK – and whilst the Government’s pledge to build 300,000 new homes a year is certainly a step in the right direction, it continues to remain a challenge for some to find a home that is affordable and also to raise a deposit to buy - particularly if they are renting in the meantime.

As such, a stimulus that will support the BTR market is desperately needed – to satisfy the ongoing need for rental property. A recent report estimated that BTR will create 250,000 rental homes by 2030. These figures could, however, be even higher with additional investment.

In London, the public sector has begun serious investment in BTR. Sadiq Khan announced in 2015 that he wanted to build 5,000 BTR properties, but investment is currently limited to collective investment, not singular bodies. The public sector has correctly identified BTR as a way of boosting supply, but needs to open up the scheme to local councils, authorities and developers, both in London and the rest of the UK.

The future of BTR

The UK’s housing crisis is of major concern and whilst the Autumn Budget saw some limited support for Help to Buy and Shared Ownership, it focused mainly on the demand-side of the equation. However, policies to address the supply-side of the housing crisis are thin on the ground and many believe incentives for BTR would be a smart way to address this.
...

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1 week ago

Kings of Surrey Estate Agents

A DIFFICULT YEAR IN HOUSING: PROPERTYMARK LOOKS BACK AT 2018.....

As 2018 draws to a close, Propertymark has analysed its sales and lettings data to reveal trends from the year.

According to NAEA Propertymark, over the course of 2018, demand was lower than last year with an average of 324 house buyers registered per branch, compared to 366 on average throughout 2017. Looking back over the last 10 years, it’s up by 31 per cent, from 222 per branch in 2008.

The number of properties available to buy hasn’t changed drastically year-on-year, with 38 available per branch throughout 2017 and 39 in 2018, hitting a two-year high with 46 in September. However, supply has dropped significantly over the last ten years, from 89 on average per branch in 2008. The number of sales agreed per branch throughout the year fell in 2018, from nine on average per month in 2017, to eight this year. Historically, this figure has remained fairly consistent, only moving between 12 and seven from 2008 to now.

Despite the fact first-time buyers (FTBs) benefitted from stamp duty relief in 2018, the proportion of total sales made to the group fell by one percentage point year-on-year – from 26 per cent on average in 2017 to 25 per cent in 2018.

Mark Hayward, Chief Executive, NAEA Propertymark comments on the findings: “2018 has been a busy year for the property market, with the Government launching several consultations to address important issues – most notably to regulate the sector, improve the buying and selling process, and address the issue of leaseholds. The housing market has notably slowed, particularly over the last couple of months, which could be a by-product of Brexit uncertainty, as buyers hold off on purchases until the outcome is clear.”

ARLA Propertymark reports that the supply of rental accommodation dropped slightly in 2018, from 189 on average per branch in 2017, to 187 this year. It reached an annual high in October, when letting agents were managing 198 per branch.

In line with this, as landlords continued to face legislative change, the number of buy-to-let (BTL) investors selling their properties increased from an average of three in 2017 to four in 2018. In April and May this year, the figure spiked to five per branch – the highest since records began in 2015.

The number of tenants experiencing rent hikes also increased this year, to 25 per cent each month in 2017, to 28 per cent on average this year.

Agents reported a spike in the number of prospective tenants searching for homes in July, when 79 were recorded per branch, compared to 68 on average across the year.

David Cox, Chief Executive, ARLA Propertymark comments on the findings: “The number of landlords exiting the rental market is rising, and those who aren’t worried about it yet, should be. BTL investors have faced a huge amount of legislative change over the last 18 months alone, and as costs rise, they are being driven out of the market and new ones are being deterred from entering. The Government is developing a joined-up approach for legislating the private rented sector, but until this has been put into action and the market is made more attractive for landlords, rents will continue to rise, competition will intensify, and tenants will continue to suffer.”
...

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1 week ago

Kings of Surrey Estate Agents

A DIFFICULT YEAR IN HOUSING: PROPERTYMARK LOOKS BACK AT 2018.....

As 2018 draws to a close, Propertymark has analysed its sales and lettings data to reveal trends from the year.

According to NAEA Propertymark, over the course of 2018, demand was lower than last year with an average of 324 house buyers registered per branch, compared to 366 on average throughout 2017. Looking back over the last 10 years, it’s up by 31 per cent, from 222 per branch in 2008.

The number of properties available to buy hasn’t changed drastically year-on-year, with 38 available per branch throughout 2017 and 39 in 2018, hitting a two-year high with 46 in September. However, supply has dropped significantly over the last ten years, from 89 on average per branch in 2008. The number of sales agreed per branch throughout the year fell in 2018, from nine on average per month in 2017, to eight this year. Historically, this figure has remained fairly consistent, only moving between 12 and seven from 2008 to now.

Despite the fact first-time buyers (FTBs) benefitted from stamp duty relief in 2018, the proportion of total sales made to the group fell by one percentage point year-on-year – from 26 per cent on average in 2017 to 25 per cent in 2018.

Mark Hayward, Chief Executive, NAEA Propertymark comments on the findings: “2018 has been a busy year for the property market, with the Government launching several consultations to address important issues – most notably to regulate the sector, improve the buying and selling process, and address the issue of leaseholds. The housing market has notably slowed, particularly over the last couple of months, which could be a by-product of Brexit uncertainty, as buyers hold off on purchases until the outcome is clear.”

ARLA Propertymark reports that the supply of rental accommodation dropped slightly in 2018, from 189 on average per branch in 2017, to 187 this year. It reached an annual high in October, when letting agents were managing 198 per branch.

In line with this, as landlords continued to face legislative change, the number of buy-to-let (BTL) investors selling their properties increased from an average of three in 2017 to four in 2018. In April and May this year, the figure spiked to five per branch – the highest since records began in 2015.

The number of tenants experiencing rent hikes also increased this year, to 25 per cent each month in 2017, to 28 per cent on average this year.

Agents reported a spike in the number of prospective tenants searching for homes in July, when 79 were recorded per branch, compared to 68 on average across the year.

David Cox, Chief Executive, ARLA Propertymark comments on the findings: “The number of landlords exiting the rental market is rising, and those who aren’t worried about it yet, should be. BTL investors have faced a huge amount of legislative change over the last 18 months alone, and as costs rise, they are being driven out of the market and new ones are being deterred from entering. The Government is developing a joined-up approach for legislating the private rented sector, but until this has been put into action and the market is made more attractive for landlords, rents will continue to rise, competition will intensify, and tenants will continue to suffer.”
...

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The No Nonsense Buyer’s Guide to Moving Home!
Read more from Zoopla at www.zoopla.co.uk/moving/buyers-guide/
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The No Nonsense Buyer’s Guide to Moving Home!
Read more from Zoopla at www.zoopla.co.uk/moving/buyers-guide/
...

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Kings of Surrey Estate Agents

I think he needs to get in touch with Kings 😂 www.kingsofsurrey.com ...

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2 weeks ago

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2 weeks ago

Kings of Surrey Estate Agents

**MODERN ONE BEDROOM APARTMENT AVAILABLE TO RENT IN ADDLESTONE** £895 per calendar month!
Built in 2009, this is a stylish first floor purpose-built apartment, within a modern detached block of just four apartments. Welcomed through a double-glazed door, the carpeted communal and well-kept communal hall has double glazed windows and secure intercom entry for residents. There is an additional door leading out to the rear gardens, as well as lockable letterboxes. Safety is a priority, with fire extinguishers in place and manual and sensor lighting. It is also heated for the comfort of the residents and visitors. The residents enjoy pretty, well-tended communal gardens, and off- street parking. Innovatively designed with a fresh and modern palette, the apartment is well appointed, light and spacious. A wooden front door leads into a square entrance hall, with a large storage cupboard and the open plan lounge and kitchen on the left. From the lounge, French doors open onto a Juliet balcony, and has a pleasant outlook over the gardens. The kitchen is fitted with sleek, modern units with black granite effect work surfaces, a gas hob with extractor hood over and electric oven below. The washing machine, dishwasher and fridge are all integrated, complimenting the streamline design. The kitchen floor is laid with cream tiles, which add to the pristine appearance – the rest of the rooms are carpeted in a neutral cream colour. The bedroom is a good size double, with fitted wardrobes and a double-glazed window. The contemporary bathroom is spacious and finished with white sanitary ware; which includes a bath with shower and shower screen, wash basin, WC, fitted vanity unit, heated towel rail and window. The windows are double glazed, the heating is gas, via radiators and a broadband hub is located in the communal hallway. A separate, enclosed communal bin area is situated on site. There is also an option to negotiate the purchase of the furniture from the current tenant if you wish. Available 11th January 2019.

www.kingsofsurrey.com/view-property/?kos-propertyID=251234&kos-poa=
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**MODERN ONE BEDROOM APARTMENT AVAILABLE TO RENT IN ADDLESTONE** £895 per calendar month!
Built in 2009, this is a stylish first floor purpose-built apartment, within a modern detached block of just four apartments. Welcomed through a double-glazed door, the carpeted communal and well-kept communal hall has double glazed windows and secure intercom entry for residents. There is an additional door leading out to the rear gardens, as well as lockable letterboxes. Safety is a priority, with fire extinguishers in place and manual and sensor lighting. It is also heated for the comfort of the residents and visitors. The residents enjoy pretty, well-tended communal gardens, and off- street parking. Innovatively designed with a fresh and modern palette, the apartment is well appointed, light and spacious. A wooden front door leads into a square entrance hall, with a large storage cupboard and the open plan lounge and kitchen on the left. From the lounge, French doors open onto a Juliet balcony, and has a pleasant outlook over the gardens. The kitchen is fitted with sleek, modern units with black granite effect work surfaces, a gas hob with extractor hood over and electric oven below. The washing machine, dishwasher and fridge are all integrated, complimenting the streamline design. The kitchen floor is laid with cream tiles, which add to the pristine appearance – the rest of the rooms are carpeted in a neutral cream colour. The bedroom is a good size double, with fitted wardrobes and a double-glazed window. The contemporary bathroom is spacious and finished with white sanitary ware; which includes a bath with shower and shower screen, wash basin, WC, fitted vanity unit, heated towel rail and window. The windows are double glazed, the heating is gas, via radiators and a broadband hub is located in the communal hallway. A separate, enclosed communal bin area is situated on site. There is also an option to negotiate the purchase of the furniture from the current tenant if you wish. Available 11th January 2019.

www.kingsofsurrey.com/view-property/?kos-propertyID=251234&kos-poa=
...

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**LUXURY APARTMENT FOR SALE - CATERHAM** Built in 2010, this stylish first floor apartment is situated in a cul-de-sac close to Caterham Town Centre £369,950 END OF CHAIN
Two Double Bedroom First Floor Apartment * Both with Stylish En-Suite Bathrooms * Separate Guest Cloakroom
* Sleek, Modern Kitchen/Breakfast Room * Built in Kitchen Appliances * Sizeable Lounge/Dining Room *
French Doors to Juliet Balcony * Lift Service * Secure Intercom Entry * Underfloor Heating * Double Glazed *SHARE OF FREEHOLD * Allocated Parking

www.kingsofsurrey.com/view-property/?kos-propertyID=469840&kos-poa=
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