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What is an AST?

What is an AST?

An AST, or Assured Shorthold Tenancy, is the most common type of tenancy agreement between landlords and tenants in the UK. It is a legally binding contract between a landlord and a tenant that outlines the terms and conditions of renting a property.

At City Realtor, we believe that understanding an AST is crucial to protecting both renters’ and landlords’ rights and obligations, ensuring a smooth rental experience.

Whether you’re a first-time renter or an experienced tenant, navigating the details of an AST can sometimes feel overwhelming. That’s why City Realtor is committed to breaking down the complexities of these agreements, so you can approach your tenancy with confidence.

By knowing your rights and responsibilities upfront, you can avoid common pitfalls and ensure you have a positive relationship with your landlord from the start. Let’s explore the key features of an AST and how they affect tenants.

Key Features of an AST

Fixed-Term vs. Periodic Tenancy

An AST can be set for a fixed term, typically six months or a year, or it can roll on a periodic basis (usually monthly) after the fixed term expires. During the fixed term, both the landlord and tenant are bound by the terms of the agreement. After this period, the tenancy can continue unless either party gives proper notice. At City Realtor, we can help you navigate these terms, whether you’re dealing with a fixed-term or periodic tenancy.

Rent and Deposit Protection

The AST agreement will specify the rent amount, when it’s due, and how it should be paid. Additionally, any deposit taken must be protected in a government-approved tenancy deposit scheme, such as the Tenancy Deposit Scheme (TDS), Deposit Protection Service (DPS), or MyDeposits. When working with City Realtor, we ensure that all deposits are securely protected in line with legal requirements.

Landlord’s Responsibilities

Under an AST, landlords must maintain the property in a good state of repair, ensure it meets health and safety standards, and provide necessary certificates, such as the Energy Performance Certificate (EPC) and Gas Safety Certificate. Our team at City Realtor ensures that all landlords meet these responsibilities, safeguarding your living conditions.

Tenant’s Obligations

As a tenant, you are expected to pay your rent on time, keep the property in good condition, and adhere to the terms of the agreement. This includes not causing nuisance to neighbours and seeking permission before making any alterations to the property. City Realtor assists tenants in understanding their obligations and ensures that communication between landlords and tenants is clear and effective.

What Happens When the Tenancy Ends?

When your AST reaches its end, there are a few possible outcomes:

Renewal of the Tenancy

If both parties are happy, the tenancy can be renewed for another fixed term, often with the same terms or with new conditions agreed upon. City Realtor can handle the renewal process, ensuring everything is in order for both parties.

Rolling Tenancy

If no action is taken, the tenancy automatically becomes periodic. This means that it continues on a month-to-month basis until either the tenant or landlord decides to end it. City Realtor provides clear guidance and support during this transition.

Ending the Tenancy

If you wish to end the tenancy, you must provide written notice to your landlord, usually one month for a periodic tenancy or as stated in the agreement for a fixed term. Similarly, landlords need to give at least two months’ notice if they want to regain possession, usually through a Section 21 notice. City Realtor is here to assist with the notice process, making it stress-free for both landlords and tenants.

Can the Rent be Increased During a Fixed-Term AST?

Rent increases during a fixed-term AST are usually only allowed if both parties agree or if the contract includes a rent review clause. In periodic tenancies, landlords can increase rent annually by providing the tenant with proper notice, usually one month in advance. At City Realtor, we ensure that any rent adjustments are fair and compliant with current regulations.

What Rights Do Tenants Have Under an AST?

Protection from Unlawful Eviction

Under an AST, tenants are protected from unlawful eviction. Landlords must follow the correct legal process, and you cannot be forced out without a court order, even after your tenancy ends. If you’re renting a property in Tower Hamlets, City Realtor ensures your rights are fully respected.

Right to Peaceful Enjoyment

You have the right to live in your rental property without unwarranted interference from the landlord. While landlords can inspect the property, they must give you at least 24 hours’ notice and visit at a reasonable time, unless it’s an emergency. City Realtor liaises between tenants and landlords to ensure that this right is upheld.

Repairs and Maintenance

If something breaks down, such as the heating system or plumbing, it’s the landlord’s responsibility to fix it in a reasonable time. Always report any issues promptly and in writing to ensure they are addressed. We provide a reliable maintenance service for all properties to rent in Tower Hamlets, ensuring that repairs are handled quickly and efficiently.

What Are the Consequences of Breaking an AST?

Breaching the terms of your AST, such as by failing to pay rent or damaging the property, can lead to serious consequences, including eviction. However, landlords cannot simply evict you for minor issues without following the proper legal process. If there’s a dispute, we can help resolve it through mediation or by guiding you through the legal process.

Understanding your Assured Shorthold Tenancy (AST) agreement is key to a successful and stress-free renting experience. At City Realtor we’re here to guide you through every aspect of your tenancy, from understanding your rights to managing communication with your landlord.

Whether you’re renting for the first time or looking to renew your tenancy, we’re committed to making the process as smooth as possible.

What Next?

Looking for a property to rent in Tower Hamlets? City Realtor is here to support you every step of the way.

Landlord looking for help with property management? With our expert services, you can trust us to handle everything from AST agreements to maintenance and legal compliance.

Contact us today at City Realtor and let us take the stress out of finding or managing a rental property in Tower Hamlets. As property management experts in Tower Hamlets, we’re on hand to make your life as a landlord easier and more profitable!

If you’re a landlord thinking about working with a letting agent to help manage your property, our friendly team at City Realtor would love to hear from you.

Require a valuation, or searching for property management services in Tower Hamlets? Contact us on 0207 790 7702 or email us at admin@cityrealtor.co.uk, and we will be delighted to help you.

Don’t forget to follow us on our socials for updates and new listings!

Follow us on Facebook, connect with us on X, join us on Instagram, find us on TikTok, see us on LinkedIn, Watch our YouTube Videos!

In the meantime, here are the answers to the most frequently asked questions on this topic.

Frequently Asked Questions About AST’s

1. Can I leave my AST early?

Yes, but only if your landlord agrees or if there’s a break clause in your tenancy agreement. Otherwise, you may be liable for rent until the end of the agreed term. We can assist you in negotiating an early termination if necessary.

2. What should I do if my landlord isn’t protecting my deposit?

You can raise a dispute with a tenancy deposit scheme or take legal action. It’s a legal requirement for landlords to protect your deposit. City Realtor ensures that all deposits are correctly handled, providing peace of mind for tenants.

3. Can my landlord enter the property without permission?

No, your landlord must give you at least 24 hours’ notice and visit at a reasonable time unless it’s an emergency.

4. What happens if I can’t pay my rent?

Speak to your landlord immediately. They may offer a payment plan or some leniency. Persistent non-payment could lead to eviction, but this should be the last resort.

5. What is a Section 21 notice?

A Section 21 notice is used by landlords to regain possession of the property at the end of an AST without having to provide a reason. They must give you at least two months’ notice.

6. Can I make changes to the property?

You usually need written permission from your landlord before making any alterations, even minor ones. Check your AST for specific clauses related to changes.

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Tips for Making an Offer: First Time Buyers

Tips for Making an Offer: First Time Buyers

Buying your first home is both an exciting and daunting prospect, and making an offer can be particularly nerve-wracking if you’ve never done it before.

5 Tips For When You Put an Offer on a House

Getting your offer spot-on can be the difference between getting a great deal versus paying far more than you would like. If you’re a first-time buyer, then read on for our top tips on making an offer.

You may also benefit from reading our Guide to Buying

1. Get a Mortgage In Principle

Before you even think about making an offer on a property, it’s vital that you know what your budget actually is.

Many would-be buyers make an offer on a property assuming they’ll be able to borrow the amount they need, but in reality, they might come up short. On the other hand, you may be able to borrow more than you actually think, so you’re viewing properties that are much lower than your real budget. Use our mortgage calculator here.

Therefore, it’s a good idea to consult a mortgage broker before making an offer so they can tell you exactly how much you can borrow.

Having a mortgage in principle will also help you when it comes to making your offer, as it shows that you’re a serious buyer and that you’re well prepared.

Read 10 Essential Tips for First-Time Buyers

2. Do Your Research

It’s worth bearing in mind that often the listed property price may be open to negotiation.

Find out what other properties in the area have sold for recently, and determine how long the property you’re interested in has been up for sale.

Has the price been reduced, or has it remained the same? Getting these valuable pieces of information will help you to put in an offer that’s more likely to be accepted.

Read 3 First-Time Buyer Mistakes – And How To Avoid Them!

3. Play To Your Strengths

As a first time buyer, you’re in a relatively strong position when it comes to negotiating, particularly if the seller is motivated and looking to move quickly.

First-time buyers are generally very attractive to sellers because there’s no lengthy chain to consider, which means a faster buying process and potentially more flexibility on exchange and completion dates.

Therefore, your first time buyer status can be advantageous.

If time is an issue for them, sellers may be willing to accept a slightly lower offer from a first-time buyer than a higher offer from someone who’s part of a chain.

Read 8 Essential Questions You Should Ask When Buying A Property

4. Don’t Worry If Your First Offer Is Rejected

Making an offer can be a bit of a balancing act. On the one hand, you want to secure the property for the best price, but on the other, you don’t want to make an offer so low that it frustrates the seller and leaves them not wanting to enter into negotiations.

As long as your initial offer isn’t ridiculously low then don’t be worried if the seller rejects it. Remember, it’s all just a natural part of the negotiating process, as the seller will want to achieve the worth of the property, and rejecting an offer isn’t anything personal against you or a sign that they’re offended.

There’s no set rule on how much to offer or how much you can expect to negotiate off the asking price, but if you’re in two minds about making a cheeky offer, then don’t rush in!

5. Keep An Open Mind After The Survey

A property viewing is usually completed in under 30 minutes. Sometimes it can be less than 15, so of course, you’re not going to spot every detail that you might need to know before making an offer.

Once your offer is accepted, your solicitor will start detailed searches on the property, sometimes uncovering things that might have been missed during a quick viewing. This step can be really beneficial, as it gives you a fuller picture of your potential new home.

If the survey reveals something like an overdue boiler service or a conservatory that’s been reinforced, don’t worry – this is normal and just part of the process. Use this opportunity to discuss any concerns with the team at City Realtor. We can help you navigate next steps and, if needed, adjust your offer to ensure you feel confident about your investment.

Chat With City Realtor – Your Local Estate Agents

If you are a first-time buyer and you have questions about the buying process, give us a call for help and advice. City Realtor are your local estate agents in Tower Hamlets. Call us on 0207 790 7702 or email admin@cityrealtor.co.uk.

Frequently Asked Questions About Making an Offer on a House

How much should I offer for a house?

Research recent property sales in the area to get a sense of market prices. Consider the property’s condition, location, and any unique features. Start with a reasonable offer, but be prepared to negotiate.

When should I make an offer on a house?

The ideal time to make an offer depends on various factors, such as the property’s condition, the market conditions, and your personal circumstances. If you’re a first-time buyer, you may have an advantage in terms of speed and flexibility.

How can I increase my chances of having an offer accepted?

To increase your chances of having an offer accepted, demonstrate that you’re a serious buyer by having your mortgage in place and being ready to move quickly. Highlight any unique selling points that make you an attractive buyer, such as being a first-time buyer or having a strong financial position.

What should I do if my offer is rejected?

If your offer is rejected, don’t be discouraged. Consider negotiating with the seller or submitting a revised offer. You may also want to explore other properties that meet your criteria.

What Next?

Do you require a valuation or no-obligation advice on buying or selling a home in Tower Hamlets? Please contact our expert property team at City Realtor on 0207 790 7702 or email us at admin@cityrealtor.co.uk, and we will be delighted to help you.

Don’t forget to follow us on our socials for updates and new listings!

Follow us on Facebook, connect with us on X, join us on Instagram, find us on TikTok, see us on LinkedIn, watch our YouTube Videos!

Good luck if you are buying a home, or considering putting your property in Tower Hamlets on the market. We’ve answered your FAQ’s here.

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Haunted Homes: A Spooky Guide for Homebuyers This Halloween

Haunted Homes A Spooky Halloween Guide for Home Buyers

Halloween is here, and the excitement of ghostly tales and spine-chilling stories fills the air. But did you know, that while spooky for some, for others, the allure of haunted homes can be both thrilling and intriguing!

Whether you’re a believer in the paranormal or simply enjoy the stories that surround haunted properties, there’s no denying that they capture the imagination.

In this article, we’ll explore some essential tips if you’re considering purchasing a property with a spooky history.

Famous Haunted Places

London is home to some of the most famous haunted houses in the world and Tower Hamlets leads the pack when it comes to supernatural encounters, with an impressive 20 sightings reported. The Tower of London is at the centre of this spooky activity, accounting for 11 of those sightings. Some of its well-known ghostly residents include Henry VI (who was murdered there in 1471), Guy Fawkes, Lady Jane Grey, and The White Lady who announces her presence with a waft of cheap perfume! This historic fortress is steeped in tales of ghostly apparitions and eerie encounters, making it a must-visit for thrill-seekers.

Bethnal Green holds the title for the most paranormal sightings in Tower Hamlets outside of the Tower, with two reported appearances. These include Edmund Bonner, a former Bishop of London, and the spirits of women and children from the WW2 bombings.

Other spots in Tower Hamlets, such as Whitechapel, the Blackwall Tunnel, The Ten Bells Pub, Turners Old Star Pub, and Ragged School Museum each have supernatural sightings attached to them.

Of course, every region has its own haunted landmarks, from old manor houses to castles, all brimming with tales of ghosts and ghouls. But if you’re moving home, as you explore the world of haunted homes, remember that these stories often add a unique charm to spooky properties, making them stand out in the housing market.

Tips for Buying a ‘Haunted’ Property

If you’re considering purchasing a home that comes with a spooky reputation, here are some helpful tips to bear in mind:

1. Research the History: Before making an offer, investigate the property’s history. Look for information about previous owners, any notable events, or reports of paranormal activity. Understanding the background can provide valuable context and help you make an informed decision.

2. Ask the Right Questions: When viewing the property, ask your estate agent if they know about the history or of any known ghostly occurrences! Enquire whether the property has a history of unexplained events or if any neighbours have shared their own spooky stories.

3. Trust Your Instincts: Sometimes, the atmosphere of a home can be just as important as its physical features. Pay attention to how you feel when you walk through the property. If it gives you the creeps, it might not be the right fit for you!

4. Be Open-Minded: Keep in mind that stories of haunted properties can often be exaggerated. While some may claim to experience supernatural events, it’s essential to approach the situation with an open mind. What might be perceived as eerie could simply also be part of the home’s unique character.

5. Consider the Market: Haunted homes can sometimes come with a lower price tag due to their reputation. However, this can also mean a quicker purchase if you’re willing to embrace the history. But do evaluate whether the potential drawbacks of a haunting might affect resale value in the future.

6. Local Insights: Engage with the community to gather insights about the area and its haunted folklore. Local residents may have fascinating stories or knowledge about the property and can help you gauge whether its spooky reputation holds any truth.

Would You Buy a Haunted Property?

This question often sparks debate among potential homebuyers. For some, the charm of a haunted property is irresistible. The history and character it brings can create a unique living experience. If you’re someone who enjoys stories and finds joy in the quirky aspects of life, a haunted home could be an exciting venture.

On the flip side, others may feel uneasy about the prospect of living in a place with a spooky reputation. So, it’s essential to weigh your comfort level against the property’s unique offerings.

Ultimately, the decision to buy a haunted property comes down to personal preference. Embrace the adventure or stick to the traditional!

Finally

As you prepare for a Halloween filled with ghost stories and chilling tales, remember that haunted homes are more than just spooky tales – they can offer unique opportunities for the adventurous homebuyer.

Whether you’re drawn to the charm of a historic property or intrigued by the idea of sharing your home with a friendly spirit, embracing your spooky side can be an exciting journey.

Happy Halloween, and may your homebuying experience be as thrilling as a ghost story! 

City Realtor is your local estate agent in Tower Hamlets. Call us on 0207 790 7702 or email admin@cityrealtor.co.uk to chat with a member of our friendly and experienced team about our property listings.

What Next?

Do you require a valuation or no-obligation advice on buying or selling a home in Tower Hamlets? Please contact our expert property team at City Realtor on 0207 790 7702 or email us at admin@cityrealtor.co.uk, and we will be delighted to help you.

Don’t forget to follow us on our socials for updates and new listings!

Follow us on Facebook, connect with us on X, join us on Instagram, find us on TikTok, see us on LinkedIn, watch our YouTube Videos!

Good luck if you are buying a home, or considering putting your property in Tower Hamlets on the market. We’ve answered your FAQ’s here.

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October 2024 Property Market Update

October Property Market Update City Realtor

October brought cooler, rather wet weather and a range of new developments across the UK property market. As mortgage rates adjust, demand for rental properties remains high, and upcoming regulations loom, there’s plenty for buyers, sellers, landlords, and renters to consider. And, with Halloween on the horizon, we’ve included some fun, seasonal tips to make this month’s property update a little more festive

Market Opportunities for Savvy Buyers

For buyers, there are reasons for optimism. While affordability remains a concern, mortgage rates have slightly improved, giving prospective buyers a chance to secure better deals. Nationwide reports that the average UK house price is currently around £262,000, so this could be a good time to step into the market if you’re prepared.

Tips for Buyers:

  • Consider Homes with Potential: With more properties in Tower Hamlets coming to the market, exploring those in need of minor updates can be a smart move. You may find a home at a lower price that you can add your personal touch to.
  • Take Advantage of First-Time Buyer Schemes: Schemes like the Lifetime ISA or Shared Ownership are still widely available and can make a big difference in affordability.
  • Look for Eager Sellers: As the year draws to a close, some sellers may be motivated to secure a deal, so a little bit of negotiation could go a long way.

And for some Halloween fun, take a drive through local neighbourhoods to see which ones embrace the season! It’s a great way to get a feel for the community vibe!

Take a look at our current properties for sale in Tower Hamlets to find your ideal home.

Sellers: Make Your Property Stand Out

With more properties entering the market, sellers need to ensure their homes capture buyers’ attention. According to data from the Land Registry, homes priced up to £350,000 are selling the fastest as buyers prioritise affordability. So, sellers should think creatively about how to make their property appealing.

Tips for Sellers:

  • Emphasise Energy Efficiency: With rising energy costs, energy-efficient features are a strong selling point. Simple upgrades, such as adding draft-proofing or energy-saving bulbs, can boost appeal.
  • Focus on Online Presence: Make sure your estate agent is promoting your property online, including on social media. At City Realtor, we are highly proactive on our socials, ensuring your home gets the best online coverage.
  • Be Transparent About the Property’s History: Buyers appreciate upfront information, so sharing recent upgrades or repair work can help build confidence.

As it’s spooky season, why not add a touch of seasonal charm to your home for viewings. Think autumnal wreaths or a few pumpkins by the door. For guidance on selling your home in Tower Hamlets, contact us on 0207 790 7702.

Landlords: “Spooky Season” Maintenance Check

Autumn is when landlords should be preparing their properties for winter. So, put a Halloween spin on things by doing a “spooky season” maintenance check! Now’s the time to fix any drafty windows, creaky doors, or leaky pipes that might cause trouble in the colder months. Consider sending a Halloween-themed email to tenants, letting them know you’ll be checking the property. This proactive approach shows you care about their comfort and keeps your property in good shape.

Tips for Landlords:

  • Consider Allowing Pets: Demand for pet-friendly rentals is growing, so allowing pets can broaden your tenant pool.
  • Update Your Agreements: Check your tenancy agreements to ensure they reflect the latest legislation, particularly around notice periods and tenant rights.
  • Invest in Energy Efficiency: Simple updates, like installing energy-efficient lighting or insulation, can improve your property’s appeal while meeting future standards.

Landlords in Tower Hamlets can reach out to City Realtor for help with property management. Call us on 0207 790 7702 for more details.

Renters: High Demand Meets New Rights

For renters, there is higher demand for rental properties, with rents up around 5% over the past year, according to ONS figures. As the Renters’ Reform Bill moves forward, it’s a good time to understand your evolving rights as a tenant, especially with protections against eviction becoming stronger.

Tips for Renters:

  • Be Ready to Move Quickly: The rental market is competitive, so have your references and proof of income ready to act fast when a property becomes available.
  • Know Your Rights: Familiarise yourself with the latest tenant protections, particularly regarding eviction and rent increase regulations.
  • Consider Flexibility: Widening your search area or being open to different move-in dates can open up more options in a competitive market.

As Halloween approaches, some neighbourhoods may feature festive décor that gives a sense of the local community spirit. Take a look at our rental properties in Tower Hamlets, or email admin@cityrealtor.co.uk for personalised recommendations.

Property Market Outlook

This month, the UK property market brings a mix of opportunity and challenge. Buyers can find deals, sellers need to go the extra mile to stand out, and landlords are encouraged to stay proactive with property maintenance. Renters should remain aware of their rights while acting quickly in a competitive rental landscape.

Whether you’re buying, selling, renting, or managing property, we’re here to help. Contact City Realtor on 0207 790 7702 or email admin@cityrealtor.co.uk for personalised advice and services in Tower Hamlets.

Enjoy the spooky season, and happy house-hunting!

What Next?

Do you require a valuation or no-obligation advice on buying or selling a home in Tower Hamlets? Please contact our expert property team at City Realtor on 0207 790 7702 or email us at admin@cityrealtor.co.uk, and we will be delighted to help you.

Don’t forget to follow us on our socials for updates and new listings!

Follow us on Facebook, connect with us on X, join us on Instagram, find us on TikTok, see us on LinkedIn, watch our YouTube Videos!

Good luck if you are buying a home, or considering putting your property in Tower Hamlets on the market. We’ve answered your FAQ’s here.

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Selling Your Home? Here’s How to Get Your Energy Performance Certificate (EPC)

How to get an energy performance certificate EPC

Since 2007, anyone who sells their home in England and Wales needs to get an Energy Performance Certificate, or EPC. An EPC is a rating of energy efficiency, which runs from A at the most efficient, to G, the least efficient. 

This helps homebuyers work out the rough cost of energy if they move into your property, and with many people now concerned about environmental matters, an efficient home can be a selling point.

Here’s how you can get your energy performance certificate and ensure the best possible rating.

What does the EPC tell you?

Not only do energy performance certificates include the current energy efficiency rating from A to G as well as 1-100, but they also show the potential rating the property could achieve if certain improvements were carried out. This is useful for those selling homes as fixer-uppers, as it allows you to show the home’s potential.

Included in the EPC is the environmental CO2 impact rating, which gives you an idea of the amount of CO2 that will be produced when heating and using hot water in the home.

Do I need to get an EPC?

Most residential properties up for sale since 2007 have needed an EPC, and if you’re renting out a property, you’ll need to get one produced every 10 years.

There are a few exceptions that might apply, although most exemptions are for commercial or religious buildings. If it’s a mixed-use building, such as a house that is part of a shop, if it’s less than 50m2 or if it’s used less than four months a year, for example, a holiday home, then you may be exempt.

How is an EPC generated?

EPCs are produced by expert assessors who’ll arrange to visit your property in Tower Hamlets once you’ve decided to sell. The assessor carries out a number of inspections, such as:

  • Loft insulation
  • Boiler
  • Double glazing
  • Hot water tank
  • Radiators

Once they’ve noted down some information, this is entered into specialist software which helps them calculate how energy efficient your home is, as well as its environmental impact.

These measurements are easy to carry out, there’s no drilling or noise, and it’s non-invasive, so there is no risk that things will get damaged.

The homeowner is the one who pays for the EPC, but the good news is that it’s not expensive. It’s easy to compare prices online, and you can use any assessor to do the report, as long as they’re certified.

Improving your EPC

Your report will include a number of ways that you can improve your EPC rating. These will be specific to your property, so it’s worth having a read through them and deciding whether to take action before you sell your home in Tower Hamlets.

If your EPC is particularly low, you may find this puts off potential buyers, so you may want to follow some of the suggestions, for example:

  • Adding more loft insulation: Topping up existing insulation can give you a few extra points.
  • Adding wall insulation: Drafty walls can make a home feel much colder and can lead to energy wastage as you keep turning up the heat.
  • Upgrading your boiler: A newer condensing model could add up to 20 points to your EPC rating, especially if your current boiler is very old.
  • Switching to renewable energy: Solar panels and small wind turbines in rural areas can boost your rating. The solar panels will usually give you the most points.
  • Sealing chimneys: Whilst open fireplaces are a nice feature, if there’s a draft, then this can lower your EPC rating. Consider adding a log burner instead.
  • Keep documentation: EPC assessors only carry out a visual assessment of your insulation, so if you have insulation in inaccessible areas, keep documents when it’s installed to show the assessor.

If you’re moving out soon, you may not want to get too many improvements made, as you won’t personally reap the benefits of them.

However, a low rating can put off potential buyers, as they may worry that the house is poorly maintained in general or will be very expensive to heat. It’s better to make changes that will improve your rating the most, such as installing a new boiler.

Looking to Sell Your Home?

When it’s time to sell your home in Tower Hamlets, an EPC is a legal requirement, but luckily, it’s a quick, easy process to get your grade, and is something the team at City Realtor can advise on.

Although it may seem like a pain when you have a million things to do, it’s easy to find an assessor to provide energy reports, and you may find it useful to have some tailored suggestions on how to improve your home’s energy efficiency and improve your existing EPC.

For further help with your EPC, please contact us and we will be happy to advise and recommend. Call us on 0207 790 7702 or email us at admin@cityrealtor.co.uk.

You may also be interested to read 7 Essential Tips That Can help You Sell Your Property

Frequently Asked Questions About Energy Efficiency Requirements

What is an EPC rating?

An EPC rating, or Energy Performance Certificate rating, assesses the energy efficiency of a property on a scale from A (most efficient) to G (least efficient). It indicates the potential energy costs and environmental impact associated with heating and hot water usage in the home.

Do I need an EPC to sell my home?

Yes, it’s a legal requirement to have an EPC when selling a home in England and Wales. The certificate provides valuable information to potential buyers about the property’s energy efficiency and potential energy bills.

What are the energy efficiency requirements for selling a property?

When selling a property, it must meet a minimum energy efficiency standard (MEES). This standard ensures that homes meet certain energy efficiency levels, contributing to reduced energy costs and environmental impact.

How can I improve my EPC rating?

Improving your energy rating with accredited domestic energy assessors can involve simple measures like installing low-energy light bulbs, adding insulation, upgrading your boiler, or even considering renewable energy sources like solar panels. These improvements not only enhance the property’s energy efficiency but also reduce potential energy bills for future occupants, improving property performance and reducing energy usage.

What Next?

Do you require a valuation or no-obligation advice on buying or selling a home in Tower Hamlets? Please contact our expert property team at City Realtor on 0207 790 7702 or email us at admin@cityrealtor.co.uk, and we will be delighted to help you.

Don’t forget to follow us on our socials for updates and new listings!

Follow us on Facebook, connect with us on X, join us on Instagram, find us on TikTok, see us on LinkedIn, watch our YouTube Videos!

Good luck if you are buying a home, or considering putting your property in Tower Hamlets on the market. We’ve answered your FAQ’s here.

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Illuminate Your Home: 5 Key Lighting Tips to Boost A Sale

Illuminate Your Home Lighting Tips

When it comes to selling your house, there’s a long list of tasks to juggle – from handling paperwork and packing up your belongings to choosing the right estate agent in Tower Hamlets to assist you. Just when you think you have everything in order, another detail often crops up, adding to your to-do list.

Selling a property demands attention, and after putting in all that effort to prepare your home for potential buyers, the last thing you want is for your hard work to be undermined by an overlooked detail: the lighting in your home.

First impressions are critical when selling a home. As the days get shorter and the vibrant summer light fades, homes that lack adequate lighting can appear less attractive to buyers. Dimly lit spaces can feel smaller, colder, and less welcoming, even if they’re not.

While good lighting is vital for showcasing your home, a full lighting overhaul may not be in your budget or timeframe. Luckily, there are simple ways to enhance your home’s lighting and increase your chances of a quicker sale.

You may also be interested to read how to update your home on a budget.

5 Tips for Better Home Lighting

Here are five effective lighting tips to help your home stand out to potential buyers:

1. Evaluate Room Lighting

Begin by assessing the lighting in each room. Open blinds, draw back curtains, and switch on all lights. Take a walkthrough at different times of the day – morning, afternoon, and evening – so you can see how natural light changes. Don’t forget to check how each room appears on cloudy or rainy days. As you evaluate, put yourself in the shoes of a prospective buyer. Identify well-lit areas and those that might need more light. Taking photos can be useful for highlighting dim spaces or shadows that may not be apparent during a walkthrough.

Tip: Photograph each room at various times of day to pinpoint areas needing improvement.

2. Consider Exterior Lighting

The exterior of your home is just as important as the interior. Good kerb appeal can make a significant impression, especially during evening viewings. Ensure the front porch and pathway are well-lit to create an inviting atmosphere. If you have a garden or patio, illuminate those areas too to showcase their potential.

Tip: Solar-powered lights are an inexpensive and eco-friendly option for lighting pathways and garden areas without the need for wiring.

3. Upgrade Light Fixtures

While buyers may expect some renovations post-purchase, they also appreciate a home that’s move-in ready. Consider upgrading outdated light fixtures that may appear dull or are no longer functional. Switching to LED bulbs can also be a smart choice as they’re more energy-efficient and longer-lasting.

Tip: Even minor upgrades, like changing old lampshades or light switches, can significantly improve a room’s overall look.

4. Brighten Dark Spaces

Sometimes, it’s not just about lighting fixtures but also the colour of your walls and decor that can make a space feel dark. If repainting isn’t feasible, there are other ways to brighten up a room.Using mirrors to reflect light can open up a small room, while adding lighter-coloured decor like cushions or rugs can instantly brighten a space.

Tip: Replace heavy curtains with sheer ones to allow more natural light or use uplighting to bounce light off ceilings, creating a brighter feel.

5. Add Extra Lighting

If dim areas persist, adding additional lighting can solve the problem. Stylish table lamps or desk lamps can enhance the ambience while highlighting key features. Consider under-cabinet lighting, stair tread lights, and track lighting for those shadowy spots.

Tip: Battery-operated LED lights are an effective and efficient way to brighten up areas that lack electrical outlets.

    Lighting Suggestions for Each Room

    • Hallway: Use wall sconces or recessed lighting to illuminate hallways without overwhelming them. Fixtures at eye level create a welcoming glow.
    • Kitchen: Task lighting is essential. Under-cabinet lights enhance countertops and work areas, adding a modern touch.
    • Sitting Room: Layer your lighting for a cosy feel. Combine overhead lights with lamps for a warm atmosphere, and use dimmable options for mood setting.
    • Study: Provide sufficient task lighting to minimize eye strain. An adjustable desk lamp and bright overhead lighting will ensure a well-lit workspace.
    • Bedroom: Aim for a calming atmosphere using a mix of ambient and accent lighting. Soft bedside lamps can create a gentle glow for nighttime reading.
    • Bathroom: Install vanity lights on either side of the mirror for even illumination and consider combining overhead and task lighting for a bright, functional space.

    Ready to Sell? Connect with City Realtor

    If you’re looking to sell your property in Tower Hamlets, our tips can help you create a bright, inviting space for potential buyers.

    For further property-related insights, contact our team at City Realtor at 0207 790 7702 or admin@cityrealtor.co.uk for professional guidance.

    Frequently Asked Questions About Lighting Upgrades

    Why is natural light important?

    Natural light is vital for creating a welcoming atmosphere. Always open blinds and curtains during viewings and consider the sun’s position throughout the day to ensure all rooms feel bright.

    Should I consider updating my light fixtures?

    Yes, outdated fixtures can detract from your home’s appeal. Investing in modern lighting and energy-efficient LED bulbs can make a difference.

    How do I deal with dark corners?

    Utilize floor lamps or mirrors to brighten dark areas, and add light-coloured accents for a touch of vibrancy.

    What other lighting options are available?

    Look into under-cabinet lights for kitchens, task lighting for workspaces, and outdoor lighting to enhance kerb appeal during the evenings.

    What Next?

    Do you require a valuation or no-obligation advice on buying or selling a home in Tower Hamlets? Please contact our expert property team at City Realtor on 0207 790 7702 or email us at admin@cityrealtor.co.uk, and we will be delighted to help you.

    Don’t forget to follow us on our socials for updates and new listings!

    Follow us on Facebook, connect with us on X, join us on Instagram, find us on TikTok, see us on LinkedIn, watch our YouTube Videos!

    Good luck if you are buying a home, or considering putting your property in Tower Hamlets on the market. We’ve answered your FAQ’s here.

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    7 Steps to Becoming a Residential Landlord in Tower Hamlets

    7 Steps to Becoming a Residential Landlord

    There are a number of reasons people consider becoming a residential landlord.

    Often, it’s because someone wants to do more with their savings and sees property as a sound investment with a regular income. It might also be that a person becomes an accidental landlord after inheriting a property or moving into a house with a partner.

    However, while the allure of consistent rental income is certainly appealing, there are several things you need to consider before you begin your property portfolio.

    Here are seven things to think about when becoming a landlord in Tower Hamlets.

    How to Become a Landlord of a Rental Property in Tower Hamlets

    1. Consider set-up costs

    Finances matter, the numbers have to stack up. If you’re going to obtain a buy-to-let mortgage, the mortgage lender needs to know about your income and what rent you hope to achieve.

    They have to ensure that you can cover the costs. You’ll probably have to pay for surveys, too, so they can be sure the property you have in mind is worth what you think it is.

    Then there are the legal fees and the search costs. Many law firms who specialise in conveyancing will be able to give you an early indication of what your final bill will be.

    2. DIY or use a letting agent?

    You could manage the property yourself – and many landlords consider this as it can help reduce costs. However, you must make sure you have the time to dedicate to the management of the property.

    Do you want to choose a letting agency to find you a tenant and arrange the initial agreements? You can then keep on top of things for yourself. Or would you rather hand over all the property management to the agency? This will certainly reduce the pressure on you but there will be costs involved due to letting agent fees. You can view our fees here.

    Read our step by step lettings guide here

    3. Landlord insurance

    When you are renting out a property in Tower Hamlets, you must obtain landlord insurance. This is because a home insurance policy will not cover you for what you need, and also because the right insurance will protect you, your property and your tenant.

    Read ‘what insurance should I have as a landlord’ here.

    If you’re taking out a mortgage to buy the property, your lender will insist that you have insurance. The costs of insurance will vary depending on the level of cover, such as personal liability, contents cover and buildings cover, and loss of rent cover, in the unfortunate event of unpaid rent. Speak with an insurer or a broker and be absolutely clear about what you need.

    4. Furnished or unfurnished?

    Whether you rent out a fully furnished property or one that is unfurnished is a decision you need to make early on.

    If you’ve inherited a furnished property, then it might well be an easy decision. If this is the case, you might find this suits a potential tenant, and you will be able to get a higher monthly rent.

    Obviously, if you rent out an unfurnished property, it means you don’t need to buy furnishings for it. Many potential tenants prefer this as they can add their own furniture and make it their home. Don’t forget; it’s best practice to get an inventory carried out as this will affect your insurance policy and could minimise any disputes at the end of an agreement with prospective tenants.

    5. Paperwork

    One of our top tips for being a landlord is to be well organised and up to date with paperwork from the start. It may seem daunting having a lot of documents, but organisation is key.

    Not only will this ensure you don’t fall foul of any legal responsibilities, but it will also mean that if any disputes arise, you know immediately where important documents are. (It’s also particularly useful when you’re doing your accounts or checking information).

    6. Legals & responsibility

    There are certain legal obligations and responsibilities that need to be understood. These are in addition to the tenancy agreement that you and your tenant should be signing. For example, before a property is let, you’ll need an up-to-date Energy Performance Certificate (EPC) for it.

    A gas safety certificate is required for each gas appliance in the property, each home has to have smoke alarms and a carbon monoxide detector, and any appliances or furniture must meet the required safety standards. There are also rules about a tenant’s deposit and how it is kept in a Government-approved scheme. If you need help with any of these, we can advise you. Simply call us on 0207 790 7702 or read our compliance guide.

    7. Right to rent checks

    A relatively new aspect of renting out a property in Tower Hamlets is the need to carry out a Right to Rent check. A landlord must, by law, check whether a potential tenant has the legal right to rent a property in the UK.

    Failure to carry out the required checks could result in hefty fines so if you need advice on this, then contact us and we will be delighted to help.

    For expert property advice and becoming a landlord in Tower Hamlets, contact our team of professionals on 0207 790 7702 or email admin@cityrealtor.co.uk.

    Need Help With Your Rental Properties?

    As property management experts in Tower Hamlets, we’re on hand to make your life as a landlord easier and more profitable!

    If you’re a landlord thinking about working with a letting agent to help manage your property, our friendly team at City Realtor would love to hear from you.

    Require a valuation, or searching for property management services in Tower Hamlets? Contact us on 0207 790 7702 or email us at admin@cityrealtor.co.uk, and we will be delighted to help you.

    Don’t forget to follow us on our socials for updates and new listings!

    Follow us on Facebook, connect with us on X, join us on Instagram, find us on TikTok, see us on LinkedIn, Watch our YouTube Videos!

    In the meantime, here are the answers to the most frequently asked questions on this topic.

    Frequently Asked Questions About Becoming a Landlord and Setting Up Rental Properties

    Do I need a license to become a landlord in the UK?

    In England, landlords may need to obtain a license for certain types of properties, such as houses in multiple occupations (HMOs), while Scotland and Wales have their own licensing systems; it’s crucial to check local regulations.

    What responsibilities do landlords have regarding tenant safety?

    Landlords are legally obligated to ensure the safety of their tenants by conducting regular gas safety checks, providing smoke and carbon monoxide alarms, and adhering to electrical safety standards.

    How can I set a fair rental price for my property?

    Speak with a local letting agent, research the local rental market, consider property features and amenities and evaluate comparable rentals to determine a competitive and fair rental price for your specific location and property type.

    What steps should I take if my tenant fails to pay rent?

    Follow the legal eviction process outlined in the relevant UK legislation, which typically involves issuing a notice to the tenant and seeking possession through the court if rent arrears persist.

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    September 2024 Property Market Update

    Property Market Update September 2024

    September has brought a mix of developments in the UK property market, impacting buyers, sellers, landlords, and renters. With mortgage rates beginning to stabilise and significant legislative changes underway, it’s essential for everyone to stay informed.

    In September, UK house prices surged by nearly £3,000, as reported by Rightmove. The average asking price for a home increased by 0.8%, reaching £370,759. This rise is notably higher than the long-term average increase for this time of year, which is typically around 0.4%.

    Factors contributing to this boost include the recent drop in mortgage rates, an increase in available properties, and faster growth in household earnings relative to inflation and house prices.

    Here’s an overview of the key trends shaping the market, along with some practical tips for navigating these changes.

    Buying: A Time for Cautious Optimism

    For prospective buyers, there is some relief as mortgage rates are falling and the market is slowly adjusting. First-time buyers, in particular, might now find more affordable entry points. However, despite this positive trend, there are still some uncertainties ahead. These include potential changes in the Bank of England’s base rate and upcoming announcements in the October Budget.

    Tips for Buyers:

    Shop Around for Mortgages:With more competitive mortgage products becoming available, it’s wise to compare offers and speak with a mortgage broker. Fixed-rate deals can provide peace of mind, especially with economic uncertainties still lingering. 

    Negotiate Carefully: Sellers may be more open to negotiations, given that the market has cooled slightly. This could be the time to negotiate a better price or ask for certain conditions, like repairs, to be included in the sale.

    Check Your Long-Term Affordability: Ensure your monthly mortgage payments will be manageable, even if your circumstances change. While interest rates are decreasing, affordability checks by lenders remain strict, so plan conservatively.

    View our current properties for sale in Tower Hamlets on our website.

    Selling: Setting Realistic Expectations

    The time to sell a property has increased, according to Rightmove, with average homes now taking around 60 days to sell. Buyers are being more deliberate in their choices. This means sellers need to be patient and make sure their properties stand out in a competitive market.

    Tips for Sellers:

    • Focus on Presentation: Staging your home well can significantly improve its appeal. Invest in minor repairs, fresh paint, and professional staging if possible. First impressions count, and well-presented homes tend to sell faster.
    • Price to Market Conditions: Avoid overpricing. Properties that are priced too high can languish, leaving you frustrated.
    • Be Flexible with Viewings: Make your property accessible for viewings by accommodating various schedules. The easier it is to view your home, the faster you’re likely to attract serious buyers.

    For sellers interested in tracking house prices, several sources provide valuable insights:

    • Halifax publishes a monthly house price index based on its mortgage data.
    • The Office for National Statistics (ONS) uses data from the Land Registry to offer the most accurate measure of house prices, though it has a three-month delay.
    • Nationwide and Zoopla also track house prices. Nationwide reported a 0.2% decrease in August but a 2.4% annual increase, with average prices at £265,375. Zoopla’s data showed a 0.5% rise in July, with average prices now at £266,400.

    Each of these sources uses different methods to track prices, so it’s beneficial to consider them all for a comprehensive overview of the market.

    For property in Tower Hamlets, City Realtor is best placed to offer information on house prices, tips and advice. Please do call us on 0207 790 7702 or email admin@cityrealtor.co.uk.

    Landlords: Preparing for New Regulations

    September 2024 is a key period for landlords, with the Renters’ Reform Bill expected to significantly alter the landscape. The abolition of Section 21 no-fault evictions, along with stricter rent regulations, will reshape how landlords manage their properties.

    In addition, landlords need to start preparing for the 2030 requirement for all rental properties to meet a minimum Energy Performance Certificate (EPC) rating of “C.”

    Tips for Landlords:

    • Stay Informed: Make sure you understand the implications of the Renters’ Reform Bill. Joining a landlord association or investing in property management could help you stay on top of legal updates.
    • Plan for Energy Efficiency: Begin upgrading your rental property to meet the future EPC requirements. Energy-efficient properties will not only comply with regulations but could also be more attractive to eco-conscious tenants.
    • Retain Good Tenants: With increasing tenant rights, focusing on tenant retention is more important now than ever. Offering longer tenancies or incentives like minor upgrades can help maintain a stable rental income.
    • Consider Professional Management: With the legislative environment becoming more complex, it may be worth hiring a professional property management company to handle compliance and day-to-day operations.

    For landlords considering property management in Tower Hamlets, call us on 0207 790 7702 or email admin@cityrealtor.co.uk for information on our services.

    Renters: Higher Costs, More Rights

    While renters face rising rents and high demand for properties, the Renters’ Reform Bill brings new protections. The abolition of Section 21 evictions is a major win for renters, offering more stability. However, this could also lead to landlords being more selective.

    Tips for Renters:

    • Know Your Rights: With the introduction of the Renters’ Reform Bill, tenants will have more power. Educate yourself about your rights, including how landlords can and cannot evict you and what standards they must meet.
    • Be Prepared to Act Fast: Competition for rental properties remains fierce. Have your documents and references ready to move quickly when a property becomes available.
    • Consider Flexibility: If you’re struggling to find a rental in a competitive area, consider expanding your search radius or being flexible with your preferred moving date. Being adaptable can open up more options.

    View our latest properties for rent in Tower Hamlets on our website.

    The Renters’ Reform Bill: Major Changes Ahead

    The Renters’ Reform Bill is one of the most significant pieces of legislation affecting the private rental sector in decades. Aimed at giving tenants more protection, the bill is expected to abolish Section 21 no-fault evictions, introduce stricter rent increase controls, and enforce higher standards of accommodation.

    Key Provisions:

    • Ban on No-Fault Evictions: Landlords will no longer be able to evict tenants without providing a reason, making it harder for them to reclaim properties. This brings more stability for renters but could lead to landlords being more cautious in selecting tenants.
    • Limits on Rent Increases: Landlords will be allowed to increase rents only once a year, and any increase must reflect market rates.
    • Stricter Housing Standards: Landlords face penalties of up to £7,000 for properties that fail to meet a minimum standard.

    For more information on the Renters’ Reform Bill, please speak with a member of our lettings team at City Realtor . We ensure we are always up to date with the latest legislation and developments and can assist landlords and tenants efficiently.

    September 2024 sees a mix of cautious optimism and continued challenges in the UK property market. Falling mortgage rates provide some relief for buyers, while sellers need to adjust to longer sale times.

    Landlords, in particular, must navigate an evolving regulatory landscape, with the Renters’ Reform Bill set to bring about major changes. Renters, meanwhile, can look forward to stronger protections, but with higher rents and increased competition.

    What Next?

    City Realtor are your local estate agents in Tower Hamlets. We are delighted to bring you our property market updates each month. If you are thinking of buying, selling or letting a property in Tower Hamlets, please get in touch.

    For no-obligation advice on buying, selling, renting or letting a property in Tower Hamlets please contact our expert property team at City Realtor on 0207 790 7702. Alternatively, get an instant valuation here. We look forward to helping you move home.

    Don’t forget to follow us on our socials for updates and new listings!

    Follow us on Facebook, connect with us on X, join us on Instagram, find us on TikTok, see us on LinkedIn, Watch our YouTube Videos!

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    Your 6 Step Guide to the Conveyancing Process

    Your 6 Step Guide to the Conveyancing Process

    Finding the home of your dreams in Tower Hamlets is exciting, and your next step is to secure the property as soon as possible.

    But buying a new home can be a complex process, particularly when it comes to understanding the conveyancing procedure.

    Here at City Realtor we always endeavour to ensure your sale and purchase runs smoothly, with no surprises along the way.

    So, with this in mind, we have created a no-jargon guide to the conveyancing process to help you. But, first things first.

    What is conveyancing?

    Conveyancing is the legal term for the transfer of home ownership between a buyer and seller. The process begins once your offer is accepted on your chosen property in Tower Hamlets and completes when you have the keys in your hand on moving day! This conveyancing process is absolutely essential to ensure that all the legalities of your sale or purchase are covered and to make certain the transfer of ownership happens with as little stress as possible.

    Who does the conveyancing?

    Although you can do it yourself, we always recommend that the conveyancing process is undertaken by a professional solicitor or a conveyancer as it can be a multifaceted process.

    You’ll need to instruct a legal professional as soon as your offer on a property is accepted, so it’s wise to make enquiries and carry out due diligence so that you have several options ready and can start the process without delay.

    Once you have chosen and appointed a conveyancer or solicitor, they will draw up a draft contract and advise you of their charges. At the point of having your offer agreed upon, you will need to provide the full details of your solicitor. We have contacts for several excellent local solicitors, so please do ask us for our recommendations.

    The 6-step Conveyancing Process

    Step 1: Initial contact is made between legal representatives

    The first task undertaken by your solicitor or conveyancer will be to contact your seller’s legal representative to request a copy of the draft contract, the property’s title and other standard forms.

    Your solicitor or conveyancer will thoroughly examine these documents and raise any initial queries. They will also action a number of ‘searches’ to make sure there are no issues you need to be aware of that are not in plain sight.

    The most common searches are local authority searches, environmental searches and drainage and water searches.

    Step 2: Mortgage and survey requirements are confirmed

    At this point, if you need one, you should make sure your mortgage is in place as your solicitor or conveyancer will require a copy of your mortgage offer for the next stage of the conveyancing process.

    Use our mortgage calculator here

    You will also be required to get a mortgage valuation. This is carried out on behalf of your mortgage lender and is to satisfy the lender that the property is secure against the amount of money they are loaning you.

    A necessary survey may also be required at this stage. Whilst not a legal requirement, whether you decide to instruct a survey on the property or not will depend on both the property and your specific circumstances.

    Step 3: Contracts are signed

    Once all the searches have completed, queries have been answered, you have provided your mortgage offer and are satisfied with the survey that has been carried out on the property, your solicitor will agree details regarding the transfer of your deposit funds along with a completion date.

    You will then be ready to sign the contract in preparation for exchange and completion.

    Step 4: Contracts are exchanged

    Next comes the exciting part! Exchange of contracts between buyer and seller. Your deposit will be paid on exchange and at this time you will be in a legally binding contract. The good news is that the seller can no longer accept another offer on the property and must sell the property to you.

    However, if you back out of the purchase at this stage, you will lose your entire deposit. There is usually a deliberate delay between exchange and completion to allow the deeds to the property to be transferred into your name.

    Step 5: Finally, it’s completion day!

    Completion is usually set for 12 noon or 2pm on the agreed date, however, in reality it can happen as soon as the sellers’ solicitor confirms that all monies have been received.

    You can then collect your keys to your new home from us – a moment that always makes us smile!

    Step 6: The final legal work is completed

    Whilst you move into your new property, your solicitor or conveyancer will tie up all the loose ends from a legal perspective.

    They will ensure stamp duty is paid on your behalf, send your title deeds to your mortgage lender and make sure you receive copies of your legal documents. They will also send you your final bill for legal work undertaken.

    Now all that is left for you to do is to unpack, settle into your dream home in Tower Hamlets and enjoy your perfect surroundings.

    You may also be interested to read 10 Frequently Asked Questions When Selling Your Home

    Get the Help of Your Trusted Local Estate Agent in Tower Hamlets

    If you require further independent advice, help and assistance regarding the conveyancing process, the City Realtor team are happy to help.

    Contact us on 0207 790 7702 or email admin@cityrealtor.co.uk.

    Frequently Asked Questions About Conveyancing in the UK

    Do I need a solicitor to buy a house in the UK?

    While it’s not mandatory, it’s highly recommended to use a solicitor or conveyancer to handle the legal aspects of buying a house in the UK. The conveyancing process involves complex paperwork and legalities, and a solicitor can ensure everything is done correctly to protect your interests.

    What are the different stages of the conveyancing process?

    The conveyancing process typically involves six main stages:

    1. Initial contact and exchanging documents with the seller’s solicitor.
    2. Completing searches and obtaining a mortgage offer (if applicable).
    3. Reviewing contracts, addressing any questions, and arranging a survey (optional but recommended).
    4. Signing contracts and exchanging them (becomes legally binding at this point).
    5. Completion day (paying the remaining balance and receiving keys).
    6. Final legal tasks like registering ownership and paying stamp duty.

    How long does conveyancing take?

    The conveyancing process can take anywhere between 6-12 weeks, depending on the complexity of the sale and the efficiency of the solicitors involved.

    What are some of the costs associated with conveyancing?

    The costs associated with conveyancing will vary depending on the solicitor you choose and the complexity of the sale. However, you can expect to pay solicitor fees, search fees, and stamp duty land tax.

    What Next?

    Do you require a valuation or no-obligation advice on buying or selling a home in Tower Hamlets? Please contact our expert property team at City Realtor on 0207 790 7702 or email us at admin@cityrealtor.co.uk, and we will be delighted to help you.

    Don’t forget to follow us on our socials for updates and new listings!

    Follow us on Facebook, connect with us on X, join us on Instagram, find us on TikTok, see us on LinkedIn, watch our YouTube Videos!

    Good luck if you are buying a home, or considering putting your property in Tower Hamlets on the market. We’ve answered your FAQ’s here.

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    The 10 Most In-Demand Things Home Buyers Want

    The 10 Most In Demand Things Homebuyers Want

    Are you selling a property in Tower Hamlets? You’ll know that it can be a daunting task to attract viewers and get offers on your property because how do you know what buyers want when searching for a new home?

    To help you, our expert team of estate agents in Tower Hamlets have come up with a definitive list of the things home buyers want. So, if you’re looking to sell your home in the near future, read on to discover the ten most in-demand features buyers look for in a new home!

    The 10 Most In-Demand Things Home Buyers Want

    1. Open-Plan Living Spaces
    Gone are the days of compartmentalised living. Today’s home buyers are on the hunt for spacious, open-plan designs that allow for flexibility and flow between rooms. The modern homebuyer’s preferences have evolved from enclosed rooms and defined spaces to open layouts.

    Whether it’s to accommodate a growing family, entertaining guests, or to encourage a more communal style of living, these versatile spaces are adaptable. Large spaces with natural light allow easy supervision of children, improved sociability, and the feeling of spaciousness. If you’re looking for open-plan homes in Tower Hamlets, we can help.

    2. A Home Office
    With remote working now commonplace, a dedicated home office is a necessity. Buyers prefer a dedicated space that’s well-lit and quiet, offering a productive environment away from the hustle and bustle of family life.

    Buyers now consider home office design details including storage options and a door or divider to separate the workspace from the living area, as this promotes better focus and allows for a healthier work-life balance.

    For properties with ideal work-from-home spaces, check out our available listings in Tower Hamlets.

    3. Outdoor Spaces
    You might have noticed a surge in garden renovations and patio makeovers in the past few years. That’s because outdoor space is a premium feature.

    Buyers want space for children to play and explore safely, and they also want to be able to eat and entertain outside, using their gardens as an extension of their interiors. Buyers are also seeking low-maintenance gardens with landscaping and smart use of space. Discover homes with outdoor spaces by viewing our latest listings.

    4. Energy Efficiency
    The increasing costs of utilities have led to a surge in the popularity of energy-efficient homes among buyers. They are now seeking features that not only help save money but also contribute to a greener and more sustainable living.

    Some popular energy-efficient features include double-glazed windows, solar panels, and smart home systems that offer innovative control over energy consumption from a smartphone or other device.

    Additionally, buyers are looking for efficient insulation, energy-saving appliances, and advanced heating systems, which all contribute to a reduced carbon footprint and lower utility expenses.

    5. A Modern Kitchen
    They say the kitchen is the heart of the home. And what buyers want is a kitchen that’s not just functional but also modern and stylish. But beyond that, they’re also seeking top-notch appliances which contribute to the kitchen’s overall look and feel. Innovative storage solutions, like pull-out pantry systems, are also high on buyers’ wish lists.

    For properties with modern kitchens, take a look at the listings we have available.

    6. En-Suite Master Bedroom
    Who wouldn’t want a hotel-like experience right in their bedroom? An en-suite master bedroom offers that extra bit of privacy and luxury that can make all the difference in your daily routine.

    Buyers value a spacious master bedroom with an en-suite bathroom equipped with modern fittings, such as a large shower and a high-spec finish. Additionally, ample cupboard space or a walk-in wardrobe is desirable.

    If you’re interested in homes featuring en-suite master bedrooms, browse through our Tower hamlets properties.

    7. Location, Location, Location
    Whether it’s being in a top-rated school catchment or a stone’s throw away from amenities, location is and will always be important to buyers.

    Proximity to local amenities such as supermarkets, restaurants, parks, and healthcare facilities increases a property’s appeal. Additionally, properties in quiet neighbourhoods, those with stunning views, or situated near public transport links are highly sought after.

    If you’re looking for well-located homes in Tower Hamlets, we’ve got plenty of options.

    8. Ample Storage
    Let’s face it: we all have too much stuff! Ample storage solutions, such as built-in wardrobes and loft spaces, are high on the list for potential buyers.

    In addition, potential homeowners also appreciate other clever storage solutions. These include built-in shelves and pantries that make the best use of available space. A shed or a garage is also appealing.

    9. Pet-Friendly Features
    With pet ownership at an all-time high, features like a mudroom for your four-legged friend and a securely fenced garden are fetching a premium.

    A securely fenced garden provides not only safety but also a free space for pets to run around, play, and get their daily exercise. This gives pet owners peace of mind knowing their furry friends can enjoy the outdoors without wandering off.

    10. Smart Home Tech
    From video doorbells to smart thermostats, technology that simplifies life is a major selling point for today’s home buyers.

    These advancements provide added comfort, convenience, security, and even energy savings – all wrapped into the modern smart home experience.

    Video doorbells, for instance, not only provide convenience with features like contactless deliveries but also enhance home security by allowing homeowners to monitor their front doors remotely via smartphone apps.

    Similarly, smart thermostats let residents control temperature settings based on their daily routines and preferences, optimising comfort while increasing energy efficiency.

    Wrapping It All Up

    When it comes to what are the things home buyers want, these are the top 10 features home buyers in Tower Hamlets are craving! If you’re in the market for a new home, consider this your ultimate checklist. And if you’re considering selling, think about how many of these you can offer!

    What Next?

    Do you require a valuation or no-obligation advice on buying or selling a home in Tower Hamlets? Please contact our expert property team at City Realtor on 0207 790 7702 or email us at admin@cityrealtor.co.uk, and we will be delighted to help you.

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    Good luck if you are buying your first home, or considering putting your property in Tower Hamlets on the market. We’ve answered your FAQ’s here.