Letting Agents & Estate Agent in Letchworth
Interest Rate Rises to 0.75%
The Bank of England has just announced today that it will be increasing interest rates to 0.75%. This is only the seocnd time they have been raised in the last decade and will affect around three-and-a-half million homeowners with mortgages on variable or tracker rates.



For more information and to see how this could effect you, please click the link below to the BBC's website.

https://www.bbc.co.uk/news/business-45043776
How NOT to be a Letting Agent
A new comedy programme airing on Channel 4 right now is a prime example of how not to run a Letting business and conduct viewings.



As you can see from the trailer above it is not to be taken seriously, but it does highlight particular tropes that have in the past given some agents a bad reputation! You can catch the whole programme on Channel 4 and on their catch up site --> https://www.channel4.com/programmes/stath-lets-flats
Sellers must work harder as prices standstill
There has been the natural slump in housing activity as we progress through summer and the school holidays draw nearer, however we have seen more sellers coming onto the market than this time last year (+8.6%) but no corresponding rise in buyer numbers.

This means that sellers and agents alike will have to work much harder to be successful in selling homes, from accurate valuations to presenting the homes in the best light. This news also supports the other statistic found that a third of properties now on the market have been reduced in price at least once, which is the highest number since 2011.

Please find a link to the full article below:

https://www.rightmove.co.uk/news/house-price-index/
How much value does a loft conversion add to your property?
How much value do you think a loft conversion would add to your property? 

These two short pieces about loft conversions give a great insight into the benefits of installing a loft conversion and the associated costs and added value.

Please click these links below to be taken to the articles:

https://www.nationwide.co.uk/guides/news/all-news/2016/04/what-adds-value-to-your-home

http://www.abbeylofts.net/advice-faqs/knowledge-base/how-much-value-does-a-loft-conversion-add-to-a-property
A Couple In Leicestershire Disguised a Detached Property as a Garage To Fool Planners
A couple living in Enderby, Liecesershire have tried to circumvent planning permissions by disguising a house they illegally built as a garage.

As you can see from the image below, they had converted a garage into a small residence and then placed a garage door over the frontal exterior when surveyors attended the property.

 

Dr Reeta Herzallah, 37, and partner Hamdi Almasri, 39, seemed to ignore all planning laws by hiding the small detached property behind a fake garage door.

A court heard the couple also used a fence to hide the house.

The couple, who have been under investigation by Blaby District Council since October 2015, have now been ordered to pay more than £2,000.

Two Fantastic Google Reviews in One Week!
We have had two brand new five star google reviews, and within one week! We really do appreciate these and they make what we do all the more worth while.