Welcome to your monthly property update!

Welcome to your monthly property update!




July reset: Getting your home ready for August

 



Play Session at Windmill Hill Community Centre |Saturday, 1st November 2025

Come along to one of our standard Stay and Play sessions and relax while your children enjoy all of our wheel based activites and toys. 

 

Click here to read Play Session at Windmill Hill Community Centre |Saturday, 1st November 2025.



Help to buy, shared ownership & beyond: What schemes are available in 2025

Help to Buy, shared ownership, mortgage guarantees and more - what’s really available now? 

Click here to read Help to buy, shared ownership & beyond: What schemes are available in 2025.



What should be included in a tenancy agreement?

 

 

Why a Tenancy Agreement Matters

A tenancy agreement is more than just paperwork; it’s a legal contract that sets out the rights and responsibilities of both tenants and landlords. A clear agreement protects everyone involved, ensures smooth communication, and helps prevent disputes.

Key Elements of a Tenancy Agreement

Names and details of the parties

The agreement should clearly state the names of the landlord (or letting agent) and all tenants. This ensures accountability and clarity on who is responsible for what.

Property details

Include the full address, a description of the property, and furnishings or appliances. This avoids misunderstandings about what exactly is being rented.

Term of the tenancy

Specify whether it’s a fixed-term tenancy (e.g., six months or one year) or a periodic tenancy that rolls on a week-to-week or month-to-month basis. Include start and end dates if applicable.

Rent and payments

Clearly state the rent amount, when and how it should be paid, and any additional charges, such as service fees or contributions to utilities. Include what happens in case of late payments.

Deposit details

Include the deposit amount, how it will be protected (via a government-approved scheme in England, Wales, or Scotland), and the conditions for its return at the end of the tenancy.

Responsibilities for repairs and maintenance

Outline who is responsible for day-to-day upkeep, major repairs, and reporting issues promptly. This helps prevent disputes about whether damage is the tenant’s or landlord’s responsibility.

Rules on property use

Include any restrictions on pets, smoking, or subletting. Setting expectations upfront protects the property and helps avoid conflicts.

Ending the tenancy

Explain how either party can give notice, the required notice periods, and procedures for returning the property at the end of the tenancy.

Signatures

Both tenants and landlords should sign and date the agreement to make it legally binding.

Extra Tips for Tenants and Landlords

  • Read carefully: Don’t rush through the agreement; ensure you understand all clauses before signing.
  • Keep a copy: Both parties should retain a signed copy for reference.
  • Seek advice if unsure: A letting agent or legal adviser can clarify complex points.

Why a Strong Agreement Matters

A well-drafted tenancy agreement provides peace of mind. Tenants know their rights, landlords know their responsibilities, and both can enjoy a smoother renting experience. Clear agreements can even prevent costly disputes over deposits, repairs, or property use.

Contact us today for expert guidance on creating, reviewing, or signing tenancy agreements that protect everyone and make renting simple.

 



Will mortgage rates go down?

 

 

 

Understanding Mortgage Rates

The cost of borrowing to buy a home is determined by mortgage rates. They are influenced by the Bank of England base rate, lenders’ margins, and broader economic conditions. Anyone planning to buy or remortgage should closely monitor trends as even minor changes in rates can significantly impact monthly repayments.

What drives mortgage rate changes

Several factors affect whether rates go up or down:

  • Inflation: When inflation is high, the Bank of England may increase rates to control price rises. Conversely, lower inflation could lead to cuts.
  • Economic growth: Strong growth can push rates up, while economic slowdown might encourage reductions.
  • Housing market demand: Lenders adjust rates depending on property market conditions and the demand for mortgages.
  • Global economic factors: International events, currency fluctuations, and investor confidence can all impact domestic interest rates.

Will rates go down soon?

Predicting rates with certainty is impossible, but experts watch key indicators:

  • If inflation starts to ease, there could be room for the Bank of England to reduce the base rate.
  • Signs of economic slowdown may also encourage lenders to offer more competitive deals to attract borrowers.
  • Government housing policies and support for first-time buyers can indirectly influence mortgage pricing.

It’s worth noting that even if the base rate drops, lenders may not immediately reduce all mortgage rates. Lender costs, competition, and risk factors influence deals.

What it means for homeowners and buyers

  • Existing mortgage holders: Those on fixed-rate deals will continue paying the same until their term ends, but variable or tracker mortgage holders could benefit from any reductions in interest rates.
  • New buyers: Timing can be crucial. Lower rates mean more affordable repayments, but waiting for rates to fall could be risky if the market remains uncertain.

Tips to manage mortgage costs

  • Shop around: Compare different lenders and products to find the best rates.
  • Consider fixed deals: These provide stability, protecting you from sudden rate increases.
  • Plan your budget: Factor in potential rate changes to avoid financial strain.
  • Seek expert advice: Mortgage brokers can help navigate options and find competitive deals.

While mortgage rates may not drop overnight, staying informed, monitoring the economy, and reviewing your mortgage options can help you make the most of any changes.

Contact our expert advisers today to explore the best strategies for your situation and

secure a mortgage that fits your needs.

 

 



Electrical safety in rentals: Staying compliant with England’s EICR rules

 


 

 

Why Electrical Safety Matters

Electrical faults remain one of the leading causes of domestic fires in England, which is why the law requires landlords to take strict precautions. Staying compliant isn’t just about avoiding fines – it’s about protecting lives, preserving your property, and being a responsible landlord.

What the Law Requires

Since July 2020 for new tenancies – and from 1 April 2021 for existing tenancies – all landlords in England must arrange an Electrical Installation Condition Report (EICR) at least every five years. This inspection covers fixed wiring, sockets, light fittings, and the consumer unit (fuse box). It must be carried out by a qualified and competent person.

Understanding the Deadlines

For a new tenancy, an up-to-date EICR must be in place before tenants move in. For ongoing tenancies, the inspection must be renewed before the five-year period from the last report expires. If remedial work is identified, it must be completed within 28 days (or sooner if the report specifies). You must then supply written confirmation of the completed work to both the tenant and the local authority.

Your Responsibility to Provide Copies

You are legally obliged to give a copy of the EICR to your tenants within 28 days of the inspection. For new tenants, this must happen before they move in. Prospective tenants can also request to see the report before committing to a tenancy.

Avoiding Last-Minute Compliance Problems

Electricians often book up quickly, particularly in the lead-up to deadlines. To avoid stress and risk, set reminders at least six months before your report expires. This gives you time to address any issues without disrupting your rental schedule.

The Benefits of Staying Ahead

Compliance protects you from penalties and makes your property more attractive to safety-conscious tenants. A well-maintained electrical system reduces the risk of emergency repairs, giving you greater peace of mind and a stronger return on your investment.

Contact us for expert guidance on staying fully compliant and safeguarding your investment.



How to prevent winter damp

 

 

 

Why Winter Damp is More Than a Cosmetic Issue

Winter damp isn’t just unsightly – it can lead to mould growth, unpleasant odours, and long-term damage to plaster, paintwork, and even the structure of your property. For landlords, preventing damp is far more cost-effective than dealing with repairs and tenant complaints once it’s set in.

Improve Ventilation Without Sacrificing Warmth

One of the leading causes of damp in winter is trapped moisture from cooking, showering, and even breathing. Encourage tenants to use extractor fans in kitchens and bathrooms, and if possible, fit trickle vents in windows. The key is to keep air moving without losing too much heat – something modern vent systems are designed to do efficiently.

Address Insulation and Heating Balance

A poorly heated property is more likely to suffer from condensation, which leads to damp patches. At the same time, bad insulation can create cold spots where moisture forms. Ensure lofts, walls, and windows are properly insulated, and that heating systems are in good working order before winter sets in. A consistent indoor temperature is often more effective than occasional bursts of heat.

Stay Ahead with Property Maintenance

Leaky gutters, blocked downpipes, or damaged roof tiles can allow water to seep in and create damp patches inside. Carry out a thorough pre-winter inspection to spot any external maintenance issues. Also, check for signs of previous water ingress so they can be tackled before becoming a bigger problem.

Work with Your Tenants, Not Against Them

Tenant habits play a big role in preventing damp. Share simple tips like drying clothes outdoors where possible, keeping lids on pans, and opening windows for short bursts each day. Many tenants are unaware of how small changes can prevent major issues, so a friendly seasonal reminder can make all the difference.

The Long-Term Benefit of Prevention

Preventing damp isn’t just about avoiding repairs – it helps protect your property’s value, keeps tenants happier for longer, and reduces the risk of disputes over property condition. For landlords, a proactive approach each winter is an investment in both income stability and asset preservation.

Contact us today for expert guidance on winterproofing and preventing damp in your rental properties.