Bill Tandy's latest market update

Bill Tandy's latest market update




Top 20 New-Builds For Sale

New builds, with their high energy efficiency and glossy, modern finishes are amongst the most coveted property types in the UK.

Click here to read Top 20 New-Builds For Sale.



Transform Your Bedroom on a Budget

For many of us, our bedroom is our sanctuary and the personal, designated hideaway of our home, and so it only makes sense to curate a design that elicits peace and joy.

Click here to read Transform Your Bedroom on a Budget.



Mavesyn Ridware, Rugeley, Staffordshire, WS15 3QE

The Old Hall, Mavesyn Ridware is an exquisitely beautiful Grade II* country house set on the edge of this beautiful ... 
 
£1,750,000

Click here to read Mavesyn Ridware, Rugeley, Staffordshire, WS15 3QE.



Harlaston, Tamworth, Staffordshire, B79 9HT

Opportunity to purchase outstanding properties such as Haselour House are particularly rare, and this wonderful example of a gorgeous...
 
£1,700,000

Click here to read Harlaston, Tamworth, Staffordshire, B79 9HT .



Top tips on creating key selling points for your home

 
Your home’s location
Location is a key factor in determining the value of your home. So make the most of it. Whether it’s proximity to local transport links, schools, or beautiful countryside.

Kerb appeal
From flowers to fences or widows to door frames. Anything you can add to make your home look attractive at first sight will always help.

Smart technology
There is very little you can’t use smart technology for, whether it’s for entertainment, heating, or security. Make the most of it for a comfortable and modern way of living that will help you relax.

Energy-efficiency
Buyers like cost-saving and environmentally friendly features. Highlight any energy-efficient features, such as energy-rated appliances, LED lighting, smart thermostats, triple-glazed windows, or insulation upgrades.

Build a garden office
The proportion of property listings that now mention a garden office is now 11 times higher.* With so many of us working from home today, this is now high on the list of desirable features for many people.

Add bi-fold doors
By creating space while adding lots of light, you can really alter your indoor and outdoor living spaces as they seamlessly blend, allowing you to add real desirability to your home.

Open-plan living
Open-plan layouts have been on trend for the past few years. By increasing the size of your rooms by physically removing walls, your kitchen and dining area will seem so much bigger, with more light and a better feeling of space.

The kitchen
A new kitchen fitted with energy-efficient appliances is the central hub of any home. Doing this could add up to 15% to the value of your home.*

Create off-street parking
Off-street parking can add up to £50,000 to the value of your home.* So if you can create it where it did not exist before, many more home buyers will want to buy your home.

Does your home have any special features?
Whether we are talking about traditional architectural features such as an original fireplace, staircase, or stone walls, celebrate them. But do so in a respectful, neutral way that does not alienate potential buyers.

Outdoor living space
From great decking to the perfect patio, add lights, candles, an outdoor dining area, and a fire pit. Outdoor spaces, big or small, add to the value of your home and to the quality of your life.

Garden
Making the most of your garden is just as important as making the most of any room in the house. And this can not only add value to your home but also greatly increase its attractiveness to buyers.

Sell your property’s potential
Whether you have planning permission to build an extension or loft conversion, this is always worth mentioning to your agent as it could attract buyers.

Get in touch today to discuss moving to the place you really want to be

 
Zoopla*



Six mistakes landlords should avoid making

 
The rental market is highly lucrative and full of opportunity, with soaring demand and lists of people looking to rent. As a landlord, you are set to gain a good return on investment; it’s just a bit more complex than it used to be.

Not conducting tenant screening
It’s vital to carry out the right background checks. The last thing you need is to place a tenant who is problematic when it comes to damage to your property or paying rent. Credit checks and references are good ways to ensure you are letting your property to the right tenants.

Not keeping on top of maintenance
It’s imperative to keep on top of your property. Small issues can very quickly become expensive problems if not dealt with quickly. If tenants live happily in a well-maintained property, then this reduces the risk of accidents, claims, or losses in revenue if your tenant decides to leave.

Not conducting inspections
A great way to prevent expensive repairs is to conduct regular inspections of the property. This will help you identify any potential problems before they become repairs. It's vital that you give your tenants at least 24 hours' notice before conducting viewings. It’s less about checking up on tenants and more about keeping your property in good condition.

Neglecting legal obligations
From the right safety checks to the correct level of insurance, there is a lot to remember. Having the right tenancy agreement is also vital, and you don’t want to skim over the details of this. It’s important to define the cost of rent and what it covers to notice periods. It’s also important to maintain records of rent payments, and while some things may not be a legal requirement, they can help your case if legal disputes arise.

Incorrect pricing
When deciding how much rent to charge, it’s important to strike the right balance. You don’t want to charge too much, which could lead to your property being vacant. On the other hand, you must factor in your maintenance costs and the area where your property is located.

Not using a letting agent
A letting agent can take care of as much or as little of all these processes for you, which helps protect your investment and ensures your rights as a landlord are protected. Managing your own buy-to-let property is a time-consuming business. But more than that, you don't want to get caught out or increase your costs due to poor management.

Contact us today to find your buy-to-let property



Buyer demand remains strong this summer

 
Buyer demand in July was 3% higher than in 2019, but the number of available properties for sale was 12% lower than the same period in 2019.* This means that your home is in demand. While there is a healthier choice of properties than in recent years, demand still exceeds supply.

The housing crisis
There is a backlog of 4.3 million homes that are missing from the national housing market because they were never built.** With so much talk of high interest rates and the cost of living, it’s easy to forget that the housing crisis has not gone away.

Some good news about inflation
Inflation is finally falling, as it dropped to 7.9% in the year to June.*** This is the lowest level for over a year and will impact the base rate, meaning lower mortgage interest rates should follow. As this happens, the property market will revitalise, but without the sudden upsurges of the past.

First-time buyer homes
The national average asking price for these types of homes decreased by -0.4% from June to July, with an annual change of +0.3%.* The demand for first-time buyer-type properties is high, with many people still managing to get a footing on the ladder despite all the challenges. The mortgage guarantee scheme, which ends in December, has helped, as has a competitive range of mortgages from high-street lenders.

Second-steppers homes
The national average asking price for these types of homes decreased by -0.5% from June to July, with an annual change of +0.6%.* With many home movers getting a good price for their first-time buyer-type homes, they are taking advantage of good levels of equity and moving to something bigger. Whether it’s a house in the suburbs or a townhouse, the figures show that these types of houses have increased in value over the past year.

Homes at the top of the ladder
The national average asking price for these types of homes decreased by -0.1% from June to July, with an annual change of +0.8%.* Homes at this end of the market had not been quite as buoyant in terms of sales as those in the first-time buyer market. However, overall, as with all house types, the value of these types of properties looks healthy on an annual basis.

Spend some time with your agent
It’s easy to listen to the news or look at average house prices and arrive at the wrong conclusion. Agents know your local market intimately. Better still, they have the right approach when it comes to pricing your home at the correct level. Properties that need a reduction in asking price are 10% less likely to find a buyer compared to a property that was priced correctly in the first place.* Your situation will differ from that of the next person. You may have high levels of equity in your home, but even if you don't, agents today can put you in touch with mortgage providers and advisors who will create a solution that is right for you.

Get in touch today for advice on all aspects of your move

Rightmove*
centreforcities**
Office for National Statistics***



It’s not all about house prices

 
It’s worth talking to your agent this August as the housing market is in good shape for many reasons. So, whether you are on holiday or looking for a holiday home to buy, downsizing or moving to something better, here are a few good reasons to do so.

Every home is different
The location of your home is important, as is the property type. First-time buyer-type homes, for example, have been selling very well. But with all that said, your individual home stands for a lot too. Every home has its own personality and unique features that make it desirable to a buyer. And the chances are, if your home is in any way attractive to certain buyers, they will not be alone.

Demand for your home is strong
Buyer demand is 3% higher than it was in 2019.* It’s completely unfair to compare these figures to the unsustainable levels during the pandemic. But every cloud has a silver lining, and much of that rapidly gained equity will still be in your home. This means that if there is a crash, you are still in a good place.

Your situation is unique
The number of homeowners who own their homes outright in the UK stands at 35%, while the number of homeowners with mortgages stands at 30%.** If you are one of the majority that does not have a mortgage, you may be less apprehensive about making a move now in the face of fluctuating interest rates.

The long-term view looks good
In the long term, house prices increase, and if you are concerned about the short-term fluctuations in price, they will be absorbed by the long-term increase in the value of your home.

How much time have you invested in your property?
Many homeowners in the UK who buy a home will live in it for well over ten years. So, if you bought your home before the pandemic, you have a double layer of accumulated equity to fall back on. Many people are in this situation, and this, combined with good demand, sures up the property market.

Home movers are on holiday
With so many people enjoying their holidays at this time of year, the market may lose a bit of momentum. So often, these changes in price can come about because of seasonality. Now is a good time to get out and have a good look at the home you may want to move into. There is a lot of choice, and with the market being less frantic, you may have more flexibility when it’s time to make an offer.

Conclusion
So, what does this price change mean? Not a lot, and with years of equity, you are in a good place even if there is a sudden drop in prices. But as things stand, prices are steadily declining only slightly, which means you will not get caught out in the middle of your move. After all, you want to live in the home you want; you are not playing the stock exchange.

Contact us today to see how far your money could go towards buying your property dream

 
Rightmove*
English Housing Survey**



Abnalls Lane, Lichfield, WS13

The accommodation comprises impressive dining hall, two generous reception rooms, kitchen...

Offers Over £995,000

Click here to read Abnalls Lane, Lichfield, WS13.



Shute Hill, Chorley, WS13

Bill Tandy and Company, Burntwood, are pleased to present this outstanding individually...

OIEO £850,000

Click here to read Shute Hill, Chorley, WS13.



Haselour Lane, Harlaston, Tamworth, B79

Opportunity to purchase outstanding properties such as Haselour House are particularly rare, and this wonderful example of a gorgeous Georgian country home is a true delight.
 
£1,700,000

Click here to read Haselour Lane, Harlaston, Tamworth, B79.



Gaiafields Road, Lichfield, WS13

This stunning detached family home built in the circa 1930's by the renowned Lichfield builder J R Deacon stands in a most significant plot at the end of Gaiafields Road.
 
£950,000

Click here to read Gaiafields Road, Lichfield, WS13.



Why are so many people getting on the move again?

 
The best time to move is the time that best suits you. But whether you are a first-time buyer, looking for your perfect forever home, or a property investor, it seems now is a good time to move.

Many early birds are moving home
Many people have been watching the market closely and were preparing to move well before Christmas last year, getting their homes’ sale-ready, and addressing anything that helped to maximise their selling prices’. As interest rates stabilised, home movers decided to get an early start and take advantage of reasonably priced homes, thanks to a slower 2023 market, before prices start to rise again.

Sellers know they will find a buyer quickly
In January, the number of homes for sale was 13% higher than the previous year and agreed sales were up by 16%* in the first six weeks of the year compared with 2023. This momentum is growing, increasing demand for your home. Spring home movers make this time of the year one of the busiest and with early bird buyers kicking off the beginning of the year, the market is in better shape than is often described in the news.

Home movers who delayed their move last year are moving in 2024
An increasing number of buyers who were waiting to see what happened last year have been entering the market. Eager to move and start enjoying a better property means homes are not on the market for long. Wanting to take advantage of lower stamp duty rates at 0% for homes up to the value of £250,000 and for first-time buyers up to the value of £425,000,** is also a big factor.

The market is ripe for picking properties
With house prices generally not increasing last year while maintaining good levels of value, many people are getting on the move. They know that they can get a good price for their current property without overpaying for their next. As more and more 'sold' signs sprout up under the warming sky, more buyers return to the market. They bring fresh, sale-ready, and often move-in-ready homes that attract a lot of interest.

Springtime is a good time to move
Springtime is perfect for moving. Summer is on the horizon and your garden will be foremost in your mind. As warmer, lighter, and longer evenings appear, you have more time for house viewings and making your home look beautiful. You don’t want to move when the weather is too cold, but you want to move in time for summer. And as the economic climate improves, a positive mood purveys without the franticness of previous years.

Better mortgage deals and an acceptance of a new normal
You buy a home because you love it and will be happy living in it. It is also an investment. Since January, mortgage approvals have been increasing as mortgage rates decrease. It’s little wonder more people are moving. While interest rates are not as low as in the past, many people are accepting that they will not return to super-low levels. Waiting for interest rates to fall will probably mean paying more for the home you want as house prices rise.
 
Contact us, and we'll help you find your dream home today

 
Rightmove*

GOV.UK**

 

 



How can I find the perfect home to rent?

 
Looking for the perfect home to rent can be a challenging task, as there are a wide range of factors that you need to take into consideration. Here are seven top tips for making the process much more streamlined and stress-free.

Determine your budget
The first step in finding the perfect home to rent is to determine your budget. You should aim to allocate around 30% of your monthly income to paying your rent, as any more than this could cause you financial strain. Knowing your budget will then allow you to narrow down your search and only consider properties that you can realistically afford. This saves you time and prevents you from falling in love with a home that is way out of your price range.

Give yourself plenty of time
When it comes to finding a new home, rushing the process can lead to poor decisions and frustration. Giving yourself plenty of time allows you to thoroughly research different locations, compare rental prices, and view multiple properties. By starting early and taking the time to carefully evaluate your options, you can ensure that you find a rental property that aligns with your lifestyle, preferences, and financial situation.

Consider your location
One of the most crucial factors to consider when searching for a property is its location. Living close to work, school, or amenities can save you time, money, and stress, while living in a safe neighbourhood can give you added peace of mind. Before committing to a tenancy, you should research the area, visit the neighbourhood at different times of the day, and maybe even speak to people who already live there to get a feel for the community.

Define your must-have features
It's essential to take the time to define your must-have features before starting your search, as this will help you find a home that suits your needs and preferences. You can do this by making a list of desirable features, considering your lifestyle, budget, and long-term goals in the process. By clearly outlining what you are looking for in a rental property, you can streamline your search process and focus on homes that match your criteria. This can save you time and energy and help you find a place that feels like the perfect fit for you.

Speak to your estate agent
Your estate agent is the bridge between you and your next home as they possess valuable information about the properties on the market, as well as insight into the local property market. Effective communication with your estate agent can help them understand your needs and preferences, allowing them to streamline the search and present you with options that align with what you are looking for. Don’t be afraid to ask your agent questions or go to them for advice, as they are there to help you with whatever you may need.

Make the most of your viewing
Before you even step foot into the property you are interested in, it's important to do some preparation beforehand. You should be ready to ask some key questions about a range of topics including rent payments, the length of the tenancy, the area, and whether or not pets are allowed in the property. Take note of any signs of wear and tear, such as peeling paint or leaky faucets, and check the fixtures and fittings to make sure they are in good working condition.

Take the final steps
Once you have found a property you love and have decided you would like to live there, you need to complete the process with the help of your estate agent. It’s crucial that you carefully review the tenancy agreement to make sure you fully understand all the terms and conditions before signing. Once this is done, it’s time to arrange for electricity, water, gas, internet, and any other essential services to be activated in your name.

 
Looking for your perfect property? Contact our dedicated team of agents today





Ten reasons why now is a great time to move

 
Home buyers and sellers are coming back to the UK property market in droves, breaking records along the way. Some home movers are early birds; others have given up waiting, while many are seduced by a beautiful array of inspiring properties and reasonable pricing.

You have more daylight to enjoy viewings
Spring and summer are perfect for getting out in the garden, even if it’s not your own. Longer, lighter evenings give you more time to book and enjoy house viewings. According to Rightmove, January saw a record-breaking 23% increase in valuation requests compared to last year.*

Spring-summer surge
This time of year, often sees an increase in home-moving activity. Winter is over and the yearning for change is in the air. There are not many things that can change your life, like moving to a property you love. Many home movers choose spring, hoping to be in on time to enjoy summer.

0% stamp duty
Stamp duty is due to increase in April 2025. But right now, it’s at 0% for homes up to the value of £250,000 and for first-time buyers up to the value of £425,000, and just 5% between £425,001 and £625,000 on the amount over £425,000.** This reduces the cost of your move.

Sellers are back
Agreed sales were up by 16% in the first six weeks of the year compared with the same time in 2023.* And with the number of homes arriving on the market increasing as ‘For Sale’ signs appear in the locations you love; you know you are closer than ever to finding the property you really want.

Buyers are back
With buyer demand increasing by 11%*** in January compared with last year, buyers have been returning to the market for some time. Momentum is building steadily. Buyers are often sellers too, so they bring more choice to the market. All of this, combined with lowering interest rates, increases confidence in the market.

Best of both worlds with reasonable pricing
Make a good offer and you will be home in no time. This year is great for moving compared with previous years. You will get a good price for your current home with house prices inching up but, you will also get good value for money when buying due to the slowdown in house price inflation last year.

Good news for first-time buyers
With low deposit mortgages, the First Homes scheme offering discounts on new-build homes, affordable starter homes, and helpful savings schemes giving good interest to help you gather a deposit, it’s best to ignore the average house price in the UK mentioned in the news. Many homes are priced below this figure so you can get a footing on the ladder.

Positives for second steppers
If you are moving from a starter home, you will enjoy more demand than any other sector. This means you are in a good place to take a step up. With increasingly competitive interest rates and over 5,000**** mortgage products to choose from, from porting to buying something with the potential to improve, you have a lot of options.

Buy a home higher up the ladder
Homes at the higher end of the ladder are still enjoying lots of room for negotiation. If you are a cash buyer, even better. So, if you have enjoyed a lot of success in recent years and want an extraordinary home, this is your time. As soon as you move into your home, it will start increasing in value as the market warms.

Moving is not stressful with the right agent
Moving does not have to be stressful. As experienced agents combine their local market knowledge with access to a vast database of buyers and sellers, you can’t miss. This makes it easier to find an alternative if a sale falls through. Achieving a good price and finding the home you want is important and good agents make it happen effortlessly.
 
Make your move magical and stress-free by contacting us today



Rightmove*
GOV.UK**
Zoopla***
Moneyfacts****



10 types of mortgages explained

 
When getting involved in the property market, there are many technical parts to buying a home. Mortgages can be one of the most complicated steps.

What is a mortgage?
A mortgage is a legal loan agreement between a borrower and a lender for an agreed-upon amount of money. A mortgage loan can only be borrowed for a property purchase. This then allows the borrower to purchase a home and make monthly repayments with interest. If these repayments aren’t met each month, the lender has the right to repossess the property.

When you purchase a home, you place a cash deposit, which is normally around 10-15% of the property's price. You repay a mortgage on an agreed-upon timeline between 20 and 40 years, and sometimes you can be penalised if you pay back the mortgage too soon.

Fixed-rate mortgage
A fixed-rate mortgage is one where the interest rate stays the same throughout the agreed-upon period. This is usually maintained for two to five years. These mortgages are great if you want to maintain a constant payment over a period, but if the bank's interest rates reduce, you might end up paying more in the long run.

Variable-interest mortgage
This type of mortgage is where you pay an interest rate that your lender independently sets. The lender will use the Bank of England’s base interest rate as a guide but charge more in line with other lenders. With this mortgage, your monthly interest rates will be constantly changing.

Guarantor mortgage
A guarantor mortgage is a mortgage that has been created to support people who cannot get a mortgage independently. This may be due to a poor past credit score or a low salary. You have a relative or close friend as your guarantor, meaning they are responsible if you cannot meet your monthly repayments.

1% mortgage
A 1% mortgage is exactly as described in the title. You will only need to place a 1% deposit on the mortgage, but this will mean your monthly repayments will be higher. This will allow people who struggle to raise the deposit for a home to secure a mortgage.

Tracker mortgage
A tracker mortgage is a type of mortgage that tracks the base rate of the Bank of England. The base rate can change up to eight times a year, so the lender only increases and decreases your interest rate if the base rate at the Bank of England changes.

First-time buyer mortgage
A first-time buyer mortgage is directed at first-time property owners. These mortgages allow a smaller down payment than other mortgages to encourage first-time buyers to get onto the property market, as the average first-time buyer in England is 32.

Buy-to-let mortgage
A buy-to-let mortgage is a mortgage specifically designed for investors and landlords for a property they don’t plan to live in themselves. You are typically expected to put down a higher deposit, around 25–40% of the property price.

Offset mortgage
An offset mortgage uses your savings account to determine how much you are charged each month. Depending on how much money is in your savings account, it is used to reduce the total interest you pay each month. So, the more money placed in the savings account, the lower your monthly repayment.

Interest-only mortgage
An interest-only mortgage is a mortgage where you only pay the interest rate instead of the full monthly repayment cost. At the end of your mortgage term, you will then make provisions to pay back the original amount of the loan.

Joint mortgages
A joint mortgage is what it says in the name. It is where you share the mortgage and the monthly costs. You can get a joint mortgage for up to four people, but it is usually for couples. This allows more people to afford the cost of a mortgage.

Are you ready to secure a mortgage and get that dream property?
Get in touch today for more details