Tag: landlords

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June 2025: Property Market Update

June 2025 Property Market Update

It’s one of the busiest times of the year in the UK housing market, and this time, the news is looking better than many expected. There’s a renewed sense of movement from both buyers and lenders. If you’re thinking of buying, selling, or just keeping tabs on what’s going on, now’s a good time to get clear on the facts.

Positive Momentum, But No Quick Fixes

Activity across the board is up. Rightmove and Zoopla both report a steady rise in supply, demand, and transaction volumes compared to this time last year. Buyers are returning, sellers are feeling more confident, and deals are getting done.

If you’re currently exploring property for sale in Tower Hamlets, it’s a promising time to book viewings and make sure your mortgage options are in place. Stock levels are improving, which means a wider choice of homes and less fierce competition than we’ve seen in previous months.

Mortgage data backs up the trend with more buyers getting approved. The value of new mortgage commitments has also edged up, showing that buyers are willing (and able) to stretch slightly further to secure the right home.

That said, speed is still an issue. Around a quarter of purchases are taking 16 weeks or more to reach exchange. It’s a good reminder that being organised matters. A well-prepared buyer or seller has a much better chance of keeping things on track.

The Rental Market: More Pressure Ahead?

The lettings market continues to face pressure, with demand far outstripping supply. Rents remain high, and landlords are paying close attention to the upcoming Renters Reform Bill, expected to pass later this year. While it’s set to give tenants stronger rights, it may also push more landlords to sell up, which would further tighten the available rental stock.

Still, there are a couple of silver linings. Rent arrears remain below last year’s levels, and tenant demand is showing no signs of cooling. For landlords looking to restructure or exit the market, now might be the time to speak with us, your local estate agent in Tower Hamlets about local demand and pricing strategies.

Interest Rates: Moving in the Right Direction

One of the biggest confidence boosters in the current market is the direction of interest rates. After peaking at 5.25%, the Bank of England base rate has now dropped to 4.25%, and forecasters expect it to fall further in the coming months. There’s even talk of it dipping to 3.5% by the end of the year.

Some lenders have already started adjusting their mortgage rates in anticipation, making it an ideal time for buyers to lock in competitive deals. If you’re browsing property for sale in Tower Hamlets, this shift could give you just the headroom needed to make an offer. Use our mortgage calculator here.

Sell Now or Wait? Both Options Make Sense

There’s no one-size-fits-all answer to the question of timing your sale, but here are some factors to help guide your decision:

Why you might wait:

  • Interest rates are set to fall again, which could boost buyers’ confidence and budgets.
  • You may be able to test a slightly higher asking price as the market strengthens.
  • Buyers aiming to be “in by Christmas” often act quickly in late summer and early autumn.

Why acting now might be better:

  • A temporary inflation spike is forecast for the autumn, which could unsettle buyers.
  • The autumn Budget could create policy uncertainty.
  • A surge in landlord sales (due to legislative changes) may increase local competition.

Whatever your choice, remember that the process itself can take months. Listing your home now doesn’t mean moving next week. It just means getting the wheels in motion and giving yourself options.

Mortgage Market Overhaul: What’s Changing and Why

Mortgage lenders are gradually introducing changes that reflect how buyers’ needs have evolved. While these updates won’t all hit immediately, they signal a more flexible future.

Loan-to-income ratios:
Lenders are becoming more open to lending slightly more to applicants with steady income, even if it’s lower, provided repayments remain affordable.

Stress test adjustments:
Some lenders are easing their ‘worst-case scenario’ interest rate checks, allowing more borrowers to qualify for larger loans.

Longer mortgage terms:
A 30-year term is now common, especially for first-time buyers. It keeps monthly repayments lower, which is often the key to affordability. From next year, rules should make it easier to shorten your mortgage term later without hefty penalties.

Product innovation:
Look out for green mortgages (linked to EPC ratings), home improvement loans, and extended fixed rate offers. A good mortgage broker can match you to the right deal for your situation.

As your local estate agent in Tower Hamlets , ask us to recommend a mortgage broker. We can connect you and make your search for property for sale in Tower Hamlets much smoother. You can also use our mortgage calculator here.

A Market That’s Starting to Move Again

A lot of the restrictions placed on lending were introduced in 2014, when the financial landscape looked very different. With house prices having risen sharply since then and wage growth lagging behind, buyers have been squeezed by outdated lending rules. The current changes aim to correct that and create a more realistic, fairer system for today’s borrowers.

Whether you’re a first-time buyer, looking to move up the ladder, or considering a downsize, this market is finally showing signs of life after a period of uncertainty.

If you’re planning a move soon, now’s the time to get organised. Speak with us – your experienced estate agent in Tower Hamlets, sort your finances, and make sure you’re ready to act when the right property comes up. There’s a sense that confidence is returning, and that’s often when the best deals are done.

What Next?

City Realtor brings you all the latest property market news each month. For more localised property news in Tower Hamlets, please contact the team at City Realtor.

Do you require a valuation or no-obligation advice on buying, selling or renting 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.

Note: The information in this article is based on data as of May/June 2025 and may change. Always seek professional advice for specific circumstances.

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How to Market a Rental Property in Summer: Seasonal Tips to Stand Out

How to Market a Rental Property in Summer

Summer is prime time for letting. With longer daylight hours, green gardens, and more people on the move, it’s a golden opportunity to market a rental property.

If you’re a landlord wondering how to market your rental property in summer, this article breaks down exactly how to use the season to your advantage.

Whether you’re looking to attract new tenants quickly or want to maximise your rental income, our seasonal tips will help your property to rent in Tower Hamlets stand out from the rest.

Why Summer is the Perfect Time to Let Your Property

Let’s start with why summer can be a great season to let your rental:

  • Families often look to move before the new school year starts
  • Students are planning for the next academic year
  • The better weather makes viewing properties much more appealing
  • Outdoor features like gardens or balconies can be shown off at their best

If you’re working with a professional letting agent in Tower Hamlets like City Realtor, you’ll already know how powerful timing can be when you’re launching a property onto the market.

Summer Marketing Tips for Landlords

Here are some practical ways to give your property that extra appeal this summer:

1. Freshen Up Your Kerb Appeal

First impressions still matter. Make sure your rental looks the part from the outside.

  • Mow the lawn, trim hedges, and tidy up the garden
  • Add hanging baskets or potted plants near the entrance
  • Clean the windows and front door for that extra sparkle

2. Photograph in Natural Light

With more sunlight available, use it to your advantage. Good lighting makes rooms look bigger, brighter and more welcoming.

  • Take marketing photos during the day when the sun is shining
  • Open blinds and curtains to show off natural light
  • Use wide-angle shots to capture the space

If you’re using a property management company in Tower Hamlets, like City Realtor we can arrange professional photography , which is worth every penny in summer !

3. Highlight Outdoor Space

Gardens, balconies, patios – they’re all big selling points at this time of year. If your property has any of these, show them off.

  • Add a bistro table and chairs to a patio
  • Cut the grass and stage the garden like it’s ready for a BBQ
  • Make it easy for tenants to picture themselves relaxing outside

4. Use Seasonal Language in Your Listing

When describing your property to let in Tower Hamlets, tailor your wording to match the season.
Example: Instead of “Private rear garden,” try “Sun-soaked garden, perfect for summer evenings and outdoor dining.”

5. Target the Right Tenant Audience

Think about who’s most likely to move home in summer. For example:

Families: highlight school catchments and nearby parks

Young professionals: focus on transport links, local cafés and social spots

Students: promote proximity to universities, broadband speeds and low-maintenance features

As your local letting agent in Tower Hamlets we can help tailor the listing for your ideal tenants.

6. Make the Viewing Experience Comfortable

During a hot spell, make viewings as pleasant as possible.

  • Open windows to keep air flowing
  • Offer a cold drink on arrival (a nice touch that goes a long way)
  • Freshen rooms with light summery scents like lemon or fresh linen

7. Get on the Market Early

Don’t wait until mid-July to start marketing. List your property to rent in Tower Hamlets as early as possible to catch tenants at the start of their search.

Work with City Realtor

At City Realtor, we know what it takes to get your property seen, let, and loved – especially in summer. Whether it’s staging your home to highlight its best bits, marketing it across the right channels, or managing viewings while you’re away on holiday, we’ve got it all covered.

We’re a trusted property management company in Tower Hamlets and we’re here to help you every step of the way.

Let us help!

Want to make the most of the summer lettings season? Get in touch with City Realtor your go-to property management company in Tower Hamlets.

Call 0207 790 7702 or email admin@cityrealtor.co.uk today.

In the meantime, we’ve answered some of your common questions about letting your property in summer.

FAQs

Is summer the best time to let a property in the UK?

Summer is often a busy season for lettings. Families, students and professionals all tend to move around this time, giving landlords a wider pool of potential tenants.

Should I redecorate before marketing my rental?

A quick refresh (like a coat of paint or new carpets) can help your property look more appealing in photos and during viewings, especially when paired with summer lighting.

How do I make my listing stand out online?

Use clear, bright photos, describe features in a way that fits the season, and make sure your listing is live on line .

Can a letting agent manage everything for me?

Absolutely. A good letting agent in Tower Hamlets like City Realtor can take care of marketing, viewings, referencing, and tenancy agreements.

What Next?

Would you like tailored advice on improving your rental property? Let City Realtor take the stress out of renting your property. Whether you’re looking to get a valuation and let your property in Tower Hamlets or need professional management, we’re here to help. Call us on 0207 790 7702 or email admin@cityrealtor.co.uk today!

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! We’ve answered more of your FAQ’s here.

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May 2025: Property Market Update

May 2025 Property Market Update

May has arrived with a mixed but cautiously optimistic outlook for the UK property market. Following the seasonal spring uplift in activity, trends are starting to reflect both renewed confidence and continued adjustment. House prices are rising – though more slowly – mortgage rates are easing, and the rental market remains stretched.

Here’s what you need to know this month if you’re buying, selling, letting, or renting.

House Prices: Modest Growth as Listings Surge

The average asking price of a home coming to market hit a new high of £379,517 in May, according to Rightmove . However, the pace of growth has eased, with prices up just 0.6% from April, marking the smallest May increase since 2016. A key factor here is supply. The number of properties coming to market is up 12% year-on-year, giving buyers more choice and putting pressure on sellers to be competitive.

Demand for property in Tower Hamlets meanwhile, remains solid, with buyer enquiries 3% higher than this time last year. Some analysts, including those cited in The Times, suggest this year could see national house price growth of 3.5%, buoyed by falling mortgage rates and improving economic stability.

If you’re planning to sell your home in Tower Hamlets, this is still a favourable window – especially with more buyers entering the market – but accurate pricing and strong marketing are more important than ever.

Mortgage Market: Rates Continue to Fall

The Bank of England held its base rate at 4.25% this month following a 0.25% cut in April. That move has helped ease mortgage costs, which had been a major obstacle for buyers throughout 2024. As of mid-May:

  • The average two-year fixed mortgage rate is 4.61%
  • The average five-year fixed rate is 4.59%
  • Some of the lowest available fixed deals are now dipping below 4% for buyers with larger deposits

This marks a clear shift from the 6% plus rates seen last year and is improving affordability across the board. Buyers should still get a mortgage agreement in principle before making offers – particularly in areas where properties are selling quickly.

Sellers: Strong Interest, but More Competition

The traditional spring bounce in the sales market is in full swing. More sellers are listing their homes, and buyers are active again. But with supply at its highest point in over a decade, competition between sellers has also ramped up.

The most successful sellers in this market are the ones who price realistically and ensure their property looks its best online. That means professional photography, tidy kerb appeal, and well-maintained interiors. With many buyers looking to move before the summer holidays, now is an ideal time to list – just make sure your home stands out.

Buyers: More Choice, but Be Ready

With supply improving, buyers now have more choice and, in many cases, a bit more bargaining power. But desirable homes are still being snapped up quickly, especially those priced in line with current local demand.

Preparation is key: get your mortgage sorted, have a solicitor lined up, and be ready to act fast when the right property comes up. Pay attention to factors like EPC ratings and transport links, as these remain top priorities for many homeowners and investors.

Rental Market: Still Tight, but Rent Increases Slowing

The rental sector remains under pressure, but there’s some sign that the breakneck pace of rent growth is finally cooling.

According to the Office for National Statistics , the average UK private rent hit £1,332 per month in April, a 7.7% increase year-on-year. England saw rents rise to £1,386, Wales to £792, and Scotland to £1,001. This is still a significant jump, but down slightly from previous months, suggesting rent inflation may be levelling off.

Tenant demand remains high, and rental stock remains low in many regions, particularly for family homes and pet-friendly properties. If you’re a tenant, it’s worth acting quickly when something suitable comes up – and ensuring your paperwork is ready. You can view our properties to let here.

Landlords: Changing Legislation on the Horizon

The proposed Renters’ Rights Bill continues to make its way through Parliament and, if passed, will bring sweeping reforms to the rental sector. The current draft includes:

  • Abolishing fixed-term assured shorthold tenancies
  • Making all tenancies periodic by default
  • Limiting rent increases to once per year
  • Increasing notice periods for landlords who wish to sell

This legislation will change how landlords manage tenancies and may influence investment decisions for new entrants. Staying on top of compliance will be crucial. Now is a good time to review tenancy agreements and ensure property management processes are up to date. Speak with us about managing your property.

Looking Ahead: A Market Adjusting, Not Retreating

The remainder of spring and early summer is expected to be busy. More listings will continue to bring balance to the market, while lower mortgage rates may encourage more first-time buyers and movers who sat out last year.

We’re not in boom territory, but this is a far more stable environment than we saw throughout much of 2023 and 2024. For sellers, it’s a good time to act – but not a time to overprice. For buyers, it’s a market full of opportunity, but preparation remains key.

Landlords will want to keep an eye on changing legislation and consider how their investments might need to adapt. Meanwhile, tenants should continue to expect high competition and rising rents, albeit at a slightly gentler pace.

If you’d like tailored advice about your next move – whether that’s buying, selling, letting, or renting – get in touch with the friendly team at City Realtor. Call 0207 790 7702 or email admin@cityrealtor.co.uk today.

We have the local market knowledge and property insights for Tower Hamlets to guide you every step of the way.

What Next?

City Realtor brings you all the latest property market news each month. For more localised property news in Tower Hamlets, please contact the team at City Realtor.

Do you require a valuation or no-obligation advice on buying, selling or renting 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.

Note: The information in this article is based on data as of April/May 2025 and may change. Always seek professional advice for specific circumstances.

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Low-Maintenance Garden Ideas for Busy UK Landlords

Low-Maintenance Garden Ideas for Busy UK Landlords

If you’re a landlord in the UK, you know how important it is to maintain kerb appeal without creating extra work for yourself or your tenants. A tidy, low-maintenance garden can attract great tenants, boost rental value, and reduce ongoing costs. Plus, it protects your investment by ensuring that the garden remains presentable throughout the tenancy.

At City Realtor, we are always happy to offer advice to landlords to help create attractive outdoor spaces for their rental property in Tower Hamlets.

Here are our top low-maintenance garden ideas to keep your rental looking its best all year round.

Why Opt for a Low-Maintenance Garden?

  • Saves Time and Money: Minimal upkeep means lower maintenance costs and fewer callouts.
  • Appeals to Tenants: Neat, usable spaces are a major attraction for tenants looking for a property with outdoor enjoyment potential.
  • Avoids Garden Neglect: A straightforward, easy-care garden reduces the risk of tenants letting the space become overgrown and unkempt.

As a leading property management company in Tower Hamlets, we always recommend practical, easy-to-maintain outdoor areas to our landlords to help properties stay marketable.

Top Tips for Creating a Low-Maintenance Garden

1. Choose Hardy, Low-Care Plants

Selecting the right plants is crucial.

  • Hardy perennials like lavender, sedum, and hebes thrive without constant attention.
  • Ornamental grasses such as Festuca not only look beautiful but also require minimal pruning and watering.
  • Native plants are an excellent choice as they are well adapted to the UK climate, meaning less intervention is needed.

Position plants thoughtfully to reduce overcrowding, and group plants with similar watering needs together to simplify care.

2. Ditch the Lawn

Traditional lawns can be water-thirsty and labour-intensive. Instead, consider laying high-quality artificial grass, which has improved in quality dramatically and looks incredibly realistic.

Alternatively, create a gravel garden with low-maintenance shrubs or install attractive paved patios using stone, porcelain, or concrete slabs. These options are durable, easy to clean, and visually appealing, offering tenants a stylish outdoor area with zero mowing required.

3. Use Mulch to Control Weeds

Mulch is a landlord’s best friend when it comes to garden upkeep. Organic mulches like bark chips, straw, or cocoa shells not only suppress weed growth but also enrich the soil as they decompose.

Synthetic options, like rubber mulch, offer long-term coverage with no breakdown.

Did you know: Applying mulch around plant beds, trees, and shrubs can dramatically cut down on weeding efforts while keeping the garden looking neat and cared for!

4. Raised Beds and Planters

These encourage tenants to take better care of the garden because the design naturally organises the space and reduces weeding chores.

  • Raised beds and large planters give structure to outdoor spaces and keep gardens manageable.
  • Timber, brick, or railway sleeper designs are practical and attractive.
  • Raised beds can be filled with easy-care plants and fitted with irrigation systems to automate watering.

5. Focus on Outdoor Living Spaces

Today’s tenants love properties that offer outdoor living opportunities. Installing a small deck, paved terrace, or even a gravel seating area can transform a garden.

You can also provide tenants with low-maintenance outdoor furniture made of metal or treated wood that withstands British weather. A simple seating area invites tenants to enjoy the space and adds desirability to your property to let in Tower Hamlets.

6. Install Automatic Irrigation Systems

Setting up a basic drip irrigation system can ensure that plants receive the necessary water without relying on tenants to remember to keep them alive.

Timed watering systems are inexpensive and easy to install, protecting your investment and maintaining the attractiveness of the garden with minimal tenant involvement.

Common Mistakes to Avoid

  • Overcomplicating the Design: Elaborate layouts with intricate flower beds or delicate plants demand time and expertise that most tenants lack.
  • Choosing High-Maintenance Plants: High-care plants such as roses or exotic species often suffer from neglect and can become an eyesore.
  • Ignoring Outdoor Storage: A small storage shed helps tenants keep outdoor spaces tidy and protects any gardening tools provided.

At City Realtor, we’ve seen countless gardens left neglected because they were too complicated to maintain. Keeping it simple, durable, and tenant-friendly is key.

How City Realtor Can Help

We offer full property management services, assisting landlords with everything from tenant sourcing to advice on garden design and upkeep.

At City Realtor we understand how valuable first impressions are when marketing a property to rent in Tower Hamlets. A smart, low-maintenance garden can set your property apart.

Partner with City Realtor for expert property management you can rely on.

Ready to Make Your Rental Property Stand Out?

A low-maintenance garden is a good investment for every landlord. At City Realtor, we offer full support to help you maximise the appeal of your property to rent in Tower Hamlets.

Contact us today:

Call: 0207 790 7702 or email: admin@cityrealtor.co.uk

Let City Realtor help you manage your rental property stress-free and increase your property’s value effortlessly!

In the meantime, we’ve answered some of your common questions on this topic.

FAQs

What are the best plants for a low maintenance garden?

Plants like lavender, sedum, hebes, and ornamental grasses are excellent choices because they require little watering, pruning, or pest control. Native plants are also a fantastic low-maintenance option.

Is artificial grass a good option for rental properties?

Yes, artificial grass looks good and offers tenants a hassle-free lawn experience without mowing or watering, helping maintain kerb appeal.

How can I reduce weeds without constant weeding?

Use heavy mulch combined with weed membrane fabric beneath gravel or bark to prevent most weeds from sprouting.

Should I include garden furniture in my rental property?

Including durable, weather-resistant furniture can make your property more attractive. Stick to simple sets that are easy to maintain.

Can City Realtor help maintain the garden?

While tenants are typically responsible for basic garden maintenance, we can recommend local gardening services to landlords wanting more hands-on care.

How much can a good garden improve rental value?

A well-maintained, low-maintenance garden can enhance the property’s appeal and potentially allow you to charge 5-10% higher rent.

What Next?

Would you like tailored advice on improving your rental property? Let City Realtor take the stress out of renting your property. Whether you’re looking to get a valuation and let your property in Tower Hamlets or need professional management, we’re here to help. Call us on 0207 790 7702 or email admin@cityrealtor.co.uk today!

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! We’ve answered more of your FAQ’s here.

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April 2025: Property Market Update

April 2025 Property Market Update

April kicked off with some big talking points in the UK property market. While the dust is still settling after a turbulent few years, there are signs of balance returning – though not without some fresh challenges along the way.

Whether you’re buying, selling, letting, or renting, here’s what’s been happening this month and what it could mean for you in Tower Hamlets. At City Realtor, we’re here to keep you informed with practical updates and local insight that matters.

House Prices: Where Do Things Stand?

House prices across the UK have continued a slow but steady upward trend. According to the latest UK House Price Index from the Office for National Statistics, the average UK house price in February 2025 (the most recent confirmed data) is £281,000, showing a 1.8% increase year-on-year.

ONS House Price Index
Rightmove House Price Report – April 2025

Rightmove reports that the average asking price for homes entering the market in early April reached a record high of £377,182, driven by seasonal demand and improved confidence among sellers.

If you’re thinking of selling your home or exploring property for sale in Tower Hamlets, this season offers one of the strongest windows of opportunity in recent years.

Mortgage Rates: Stabilising with Caution

Mortgage rates have settled somewhat following volatility in late 2024. As of early April:

  • The average two-year fixed rate is 4.84%
  • The average five-year fixed rate is 4.72%

These figures are down from the highs of over 6% seen last year and are giving more borrowers room to manoeuvre. Some high street lenders are even offering sub-4% deals for those with larger deposits.

Lenders are still cautious, so if you’re buying property in Tower Hamlets, it’s wise to secure a mortgage agreement in principle early to strengthen your position.

Sellers: A Seasonal Window of Opportunity

Spring traditionally brings a rise in new listings, and 2025 is no exception. Rightmove reports buyer demand is up 5% compared to April 2024, with more homeowners taking advantage of the seasonal surge in interest.

If you’re considering selling your home in Tower Hamlets, pricing it correctly and ensuring it’s market-ready will be vital. Call us to book a valuation on 0207 790 7702.

Top tips for sellers:

Speak to us – your local estate agent in Tower Hamlets – to discuss the best way to market your property this spring.

Buyers: Be Prepared to Move Quickly

Buyers are feeling cautiously optimistic. With wages on the rise and inflation softening, affordability is gradually improving. According to Nationwide, earnings are now outpacing house prices in many areas.

If you’re looking to buy property in Tower Hamlets, here’s how to get ahead:

  • Sort your finances early – A mortgage in principle puts you in a stronger negotiating position.
  • Be ready to move – In-demand homes are still selling fast, especially when priced correctly.
  • Think about long-term value – Energy efficiency, location, and futureproofing are all worth factoring in.

We’ve got a range of properties for sale in Tower Hamlets. View our current listings or speak with one of our team today on 0207 790 7702.

Rental Market: High Demand, Gradual Cooling

The rental sector is still feeling the pressure of high demand, though growth in rents is now stabilising. According to the Office for National Statistics, the average UK rent in March 2025 is now £1,332 per month, a 7.7% rise over the past 12 months.

For landlords in Tower Hamlets, it’s a market full of opportunity – but also one that demands careful management and awareness of legislative updates.

With the Renters’ Rights Bill due to become law later this year, the way tenancies are managed will soon look quite different. Proposed changes include:

  • Abolishing fixed term assured tenancies
  • All tenancies becoming periodic
  • Four-month notice periods for landlords regaining possession to sell
  • Limit of one rent increase per year

If you’re a landlord in Tower Hamlets, City Realtor can help you keep your property compliant and your tenancies running smoothly.

What’s Next for the Property Market?

The rest of spring is expected to bring strong levels of market activity. With the average asking price hitting a new high and demand growing week by week, we could see continued house price growth over the next few months. Nationwide is forecasting a 2–4% increase in 2025 if inflation remains controlled.

Lettings will stay competitive, and legislation will continue to reshape landlord responsibilities. Staying informed, prepared, and adaptable will be the key to success.

Looking for Help?

Whether you’re buying, selling, letting or renting in Tower Hamlets, City Realtor is your local expert. Our team is here to support you through every stage of your property journey.

Call us on 0207 790 7702 or email admin@cityrealtor.co.uk to get started.

We know property better than anyone and are proud to be a trusted estate agent in Tower Hamlets.

What Next?

City Realtor brings you all the latest property market news each month. For more localised property news in Tower Hamlets, please contact the team at City Realtor.

Do you require a valuation or no-obligation advice on buying, selling or renting 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.

Note: The information in this article is based on data as of March/April 2025 and may change. Always seek professional advice for specific circumstances.

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How Outdoor Living Spaces Can Increase Your Rental Income

How outdoor spaces can increase rental value

If you’re a landlord in Tower Hamlets, you’re probably always looking for ways to increase your rental income while ensuring your property stands out in a competitive market. Many landlords focus on interior upgrades, but outdoor living spaces can be just as impactful – if not more so.

Did you know that a well-maintained garden, patio, or balcony can significantly enhance the tenant experience, making your property more desirable and justifying a higher rental price?

At City Realtor, we’ve seen firsthand how outdoor improvements can help our landlords attract quality tenants, reduce void periods, and command higher rents. So, if you’re looking for a cost-effective way to boost your rental income, investing in your property’s outdoor space could be the solution.

Why Outdoor Living Spaces Matter for Landlords

When tenants search for property to rent in Tower Hamlets, many prioritise outdoor areas, particularly those with private gardens, balconies, or even a small courtyard area. The ability to enjoy fresh air is important, especially as more people now work from home and are seeking additional outdoor spaces for relaxation.

Outdoor Living Spaces Attract Renters

Providing a well-designed outdoor area can make your rental property in Tower Hamlets more appealing to a wider range of tenants, including professionals who enjoy socialising outdoors, families looking for safe play areas, and pet owners in need of secure outdoor space. Properties with attractive gardens can often demand a higher rental price than those without, making outdoor improvements a worthwhile investment.

Tips for Maximising Outdoor Appeal:

  • Create a Functional Space : Tenants are more likely to pay extra for a property with a practical outdoor area. Consider adding comfortable weather-proof seating, a BBQ area, or a firepit to create a space for relaxation and entertainment.
  • Keep it Low Maintenance : Many renters prefer an ‘easy to care for’ garden. Artificial grass, gravel, or decking can reduce upkeep while maintaining a stylish appearance.
  • Enhance Privacy : Outdoor spaces feel more valuable when they offer privacy. Adding fencing, hedges, or trellises can create a secluded retreat, making the area more attractive to potential tenants.

You Can Extend Living Space Without Planning Permission

One of the key benefits of investing in outdoor areas is that you can effectively expand the living space of your property without needing to build extensions or get planning permission. Even a small outdoor improvement can make a rental property feel larger and more accommodating.

A simple patio or decking area can serve as an outdoor dining space, while a covered pergola or awning allows tenants to enjoy the area all year round, even in our unpredictable British weather! Adding a garden studio or summer house can create extra storage space or a dedicated workspace, which is particularly appealing to tenants who work remotely.

This additional functional space can make your property more desirable and justify an increase in rental value, particularly in areas where outdoor space is limited.

Tenants May Stay Longer – Reducing Void Periods

Void periods are one of the biggest concerns for landlords, as they lead to lost rental income and increased costs for property upkeep. A well-designed outdoor space can encourage tenants to stay longer, reducing turnover and the associated costs of finding new tenants.

Why Do Tenants Stay Longer?

  • A private garden or patio gives tenants a greater sense of ownership and connection to the property.
  • Families with children benefit from a safe, enclosed outdoor space where youngsters can play.
  • Tenants with pets are more likely to renew their lease if the property includes a pet-friendly garden.

Investing in an attractive outdoor area can help ensure long-term tenancies, providing landlords with a more stable and predictable rental income.

Outdoor Features: How to Target The Right Tenants

Tenants value outdoor spaces in various ways. So, by tailoring your outdoor improvements to suit your target market, you can increase the appeal of your rental property in Tower Hamlets and attract tenants willing to pay a premium for specific features.

Ideal Tenant Groups for Outdoor Spaces:

  • Young Professionals : A stylish decked area, outdoor lighting, and modern seating arrangements can enhance the appeal for tenants who enjoy entertaining.
  • Families : Secure fencing, play areas, and low-maintenance lawns make outdoor spaces more suitable for those with children.
  • Pet Owners : Enclosed gardens, pet-friendly grass, and shaded areas can attract tenants who own dogs or cats.

If you’re marketing your property to let in Tower Hamlets, be sure to highlight the outdoor features in your property listing to attract the right tenants.

Boosting Kerb Appeal for Faster Lettings

First impressions are crucial for your property to let in Tower Hamlets. A well-maintained front garden or driveway can significantly impact tenant interest, making your rental feel welcoming and well-cared-for from the outset.

4 Simple Ways to Improve Kerb Appeal:

  • Paint fences, gates, and front doors
  • Add outdoor lighting to enhance security and aesthetics
  • Keep pathways, flower beds and potted plants well-maintained
  • Ensure clear access to a neat, clutter-free front garden

As an experienced letting agent in Tower Hamlets, we recommend ensuring that your property looks inviting to attract high-quality tenants quickly.

Increasing Rental Value with Simple Outdoor Upgrades

A well-designed outdoor space can lead to a significant increase in rental income. For example:

Outdoor FeatureEstimated Cost (£)Potential Rent Increase (£/month)
Patio/Decking£1,500 – £3,000£50 – £100
Artificial Grass£1,000 – £2,500£30 – £70
Garden Studio/Office£5,000 – £15,000£150 – £300
Outdoor Seating & Firepit£500 – £2,000£20 – £50

*Zoopla / Checkatrade / Homebuilding & Renovating

Please note that these figures are approximate and can vary based on factors such as location, materials used, and your specific property characteristics. While costs vary, even minor upgrades can help landlords justify a rent increase and improve overall tenant satisfaction.

Are You Ready to Enhance Your Property to Rent in Tower Hamlets?

At City Realtor, we specialise in helping landlords maximise their rental income. Whether you’re looking for expert advice, full property management in Tower Hamlets, or help in finding the right tenants, our experienced team is here to help.

Call us today on 0207 790 7702
Email us at admin@cityrealtor.co.uk

Let us help you make your property work harder for you!

In the meantime, we’ve answered some of your common questions about rental properties with outdoor spaces.

FAQs

Do tenants really pay more for outdoor space?

Yes, many tenants prioritise properties with outdoor areas and are willing to pay extra for well-designed gardens, patios, or balconies.

What are the best low-maintenance outdoor features for rentals?

Artificial grass, gravel, and decking are excellent choices as they require minimal upkeep.

Can I charge more rent if I add a garden office?

Yes, properties with home office space are in high demand, particularly among remote workers.

What’s the best way to market outdoor spaces in my property listing?

High-quality photos and detailed descriptions of outdoor features will attract more tenant interest.

Can outdoor improvements reduce my property’s void periods?

Yes, a well-maintained outdoor space encourages longer tenancies, reducing the risk of vacancies.

What Next?

Would you like tailored advice on improving your rental property? Let City Realtor take the stress out of renting your property. Whether you’re looking to get a valuation and let your property in Tower Hamlets or need professional management, we’re here to help. Call us on 0207 790 7702 or email admin@cityrealtor.co.uk today!

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! We’ve answered more of your FAQ’s here.

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March 2025: Property Market Update

March 2025 Property Market Update

The UK property market is currently undergoing some noticeable changes, affecting everyone from homeowners and landlords to buyers and tenants.

With interest rates fluctuating, house prices adjusting, and rental demand continuing to grow, staying informed about the latest trends is more important than ever.

Whether you’re looking to move, invest, or understand what’s happening in the property market, knowing where things stand can help you make better decisions.

Over the past year, economic conditions have played a major role in determining house prices and mortgage rates. Many potential buyers are watching interest rates closely, while sellers are deciding whether now is the right time to list their property. At the same time, landlords are facing ongoing legislative changes, and tenants continue to deal with increasing rental costs.

March is often a busy period in the property market, with the arrival of spring encouraging more people to buy and sell. However, as expected by many in the industry, there was no mention of a Stamp Duty deadline extension in the recent spring statement. That means April 1st could come as a costly blow for thousands of home movers and first-time buyers who now face an extra £2,500 in stamp duty charges.

Industry voices, including Rightmove, had been calling on the Chancellor to offer a short extension to help those already mid-purchase complete their transactions without being stung by the extra cost, but this has not materialised.

Understanding these developments and their potential impact can help buyers, sellers, landlords, and tenants plan their next steps with greater confidence .

Market Overview: Trends and Influences

During February, UK house prices experienced a slight decline of 0.1%, bringing the average property value to £298,602. This unexpected dip follows a period of consistent growth.

The Royal Institute of Chartered Surveyors (RICS) reported that February marked the weakest month for the housing market since late 2023. A net balance of 14% of agents and surveyors noted a drop in new buyer enquiries, the lowest since November 2023. Additionally, 13% reported a decrease in agreed sales, with London experiencing a more pronounced downturn.

Mortgage rates have also seen some fluctuations. As of March 1st, the average two-year fixed mortgage rate stands at 4.87%, down from 5.01% at the start of February. The average five-year rate decreased to 4.69% from 4.81% over the same period. However, concerns about rising inflation may influence future rate decisions.

It’s not all bad news though! Some regions continue to show resilience and the recent reduction in the Bank of England’s base rate to 4.5% may lead to more competitive mortgage deals, potentially easing the path for prospective buyers.

Recap:

How have UK house prices changed recently?

UK house prices saw a slight decline of 0.1%, bringing the average property value to £298,602.

What are current mortgage rates?

As of March 1st, the average two-year fixed mortgage rate is 4.87%, and the average five-year rate is 4.69%.

Is now a good time to sell my property?

With the traditional spring surge, it can be a great time to sell. However, setting a realistic price and ensuring your property is well-presented are crucial.

How is the rental market performing?

Rents continue to rise, with private rental prices increasing by 8.7% in the 12 months to January 2025. Tenant demand remains high, making it a strong market for landlords.

March Insights for Homeowners and Sellers

For home owners considering selling their properties, current market conditions present both challenges and opportunities.

Considerations for Buyers

Prospective buyers should navigate the current market with careful planning.

  • Mortgage Preparedness : Securing a mortgage agreement in principle can strengthen your position when making offers, especially as lenders adjust rates in response to economic indicators.
  • Market Research : Stay informed about regional price trends. For instance, while some areas have seen price declines, others have experienced annual growth.
  • Energy Efficiency Matters : With energy prices still a concern, many buyers are prioritising homes with good insulation, modern heating systems, and higher EPC ratings. Choosing a property with energy-efficient features can mean lower bills and improved resale value in the long term.

Rental Market Dynamics

Both tenants and landlords are experiencing changes in the rental sector.

For Tenants

  • Rising Rents : latest figures show that average UK private rents increased by 8.7% in the 12 months to January 2025, slightly down from the 9.0% rise in December 2024.
  • Increased Competition : With a limited supply of rental properties, tenants may face heightened competition and should be prepared to act swiftly when suitable properties become available.

View our latest property for rent in Tower Hamlets here.

For Landlords

  • Regulatory Compliance : Staying updated on legislative changes is crucial.
  • Investment Opportunities : Despite challenges, the rental market continues to offer solid returns, especially in regions with high demand. Evaluating local market conditions can help identify lucrative investment opportunities.

Find out more about our property management services here.

The Future Outlook

The property market’s trajectory will depend on various factors, including economic policies, interest rate decisions, and regional supply and demand dynamics.

  • Interest Rates : The Bank of England’s recent base rate reduction to 4.5% reflects efforts to balance economic growth with inflation control. Future rate decisions will influence borrowing costs and, consequently, property affordability.
  • Government Policies : The recent spring statement addressed housing affordability and the Chancellor, Rachel Reeves’ plans to shake up planning rules and ramp up housebuilding could offer some longer-term relief. However, any real impact is still likely to be years away.
  • Regional Variations : The north-south divide in house price growth is expected to persist, with northern regions potentially outperforming southern counterparts.

Need Expert Guidance?

Navigating the current property market requires informed decision-making. At City Realtor, we offer tailored advice to meet your unique needs. Whether you’re buying, selling, renting, or letting in Tower Hamlets, our team is here to help. Contact us on 0207 790 7702 or email admin@cityrealtor.co.uk to discuss your property needs.

What Next?

City Realtor brings you all the latest property market news each month. For more localised property news in Tower Hamlets, please contact the team at City Realtor.

Do you require a valuation or no-obligation advice on buying, selling or renting 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.

Note: The information in this article is based on data as of February/March 2025 and may change. Always seek professional advice for specific circumstances.

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What Does Fully Managed lettings Mean?

What Does Fully Managed lettings Mean?

Fully managed lettings mean that your letting agent takes care of every aspect of renting out your property, leaving you free from the day-to-day tasks of being a landlord. From marketing your property and finding tenants to handling maintenance requests and ensuring legal compliance, fully managed services offer peace of mind for landlords who want a hands-off approach.

If you’re considering letting your property in Tower Hamlets, this option could be exactly what you need to make the process smooth and stress-free.

What Does a Fully Managed Lettings Service Include?

A fully managed lettings service covers all the essential tasks involved in renting out a property. Here’s what you can expect:

  • Marketing Your Property
  • Tenant Vetting
    • Thorough background checks to ensure tenants are reliable and financially stable.
    • Referencing includes credit checks, employment verification, and previous landlord references.
  • Rent Collection & Tenancy Agreement
    • Your letting agent will deal with your AST agreement (Assured Shorthold Tenancy) and collects rent on your behalf, ensuring timely payments.
    • They also handle arrears management if tenants fall behind.
  • Maintenance and Repairs
    • The agent organises and oversees property maintenance and repairs.
    • They coordinate with trusted contractors, keeping your property in excellent condition.
  • Legal Compliance
    • Ensuring your property complies with UK rental laws, including gas and electrical safety checks.
    • Serving required documents such as tenancy agreements and deposit protection.
  • Routine Inspections
    • Regular inspections to ensure the property is being well-maintained by tenants.
    • Providing you with detailed reports after each visit.
  • Handling Tenant Issues
    • Your letting agent acts as the main point of contact for tenants, resolving queries or issues promptly.

Benefits of Fully Managed Lettings for Landlords

Opting for a fully managed service from a letting agent in Tower Hamlets offers several advantages:

  • Time-Saving: You don’t need to manage day-to-day tenant communications or emergencies.
  • Expertise: Letting agents understand legal requirements and market trends.
  • Hassle-Free: The agent handles rent collection, maintenance, and tenant queries.
  • Peace of Mind: Your property is in good hands, even if you live far away.
  • Tenant Retention: Professional management leads to happier tenants who are more likely to stay long-term.

Read: How to Choose a Letting Agent in Tower Hamlets.

Who Should Choose a Fully Managed Service?

Fully managed lettings are ideal for landlords who:

  • Live far from their rental property.
  • Have multiple properties and limited time to manage them.
  • Prefer a hands-off approach to being a landlord.
  • Want professional oversight to ensure their property is compliant with UK laws.

Whether you have a property to let in Tower Hamlets or need help managing a property for rent in Tower Hamlets, a fully managed service could be the solution.

How Much Does a Fully Managed Service Cost?

Fees for fully managed lettings typically range from 10-15% of the monthly rent. While this is an additional expense, many landlords find the convenience and professional support well worth the cost. Contact City Realtor for a detailed breakdown of our services and fees on 0207 790 7702.

Why Choose City Realtor?

At City Realtor, we specialise in providing fully managed lettings services in Tower Hamlets. Our team has extensive experience in managing properties and ensuring landlords enjoy a hassle-free experience. We pride ourselves on offering personalised support and clear communication every step of the way.

What Next?

Ready to take the stress out of renting? Let City Realtor take the hassle out of renting your property. Whether you’re looking to let your property in Tower Hamlets or need professional management, we’re here to help. Call us on 0207 790 7702 or email admin@cityrealtor.co.uk today!

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.

In the meantime, we’ve answered some of your common questions about fully managed lettings services.

FAQs 

1. What’s the difference between fully managed and let-only services? Fully managed services handle everything from tenant sourcing to maintenance, while let-only services typically stop at finding tenants and signing the tenancy agreement.

2. Can I switch to a fully managed service if I’m already renting out my property? Yes! Speak with City Realtor to transition to a fully managed lettings service.

3. What happens if a tenant stops paying rent? Your letting agent will handle arrears management, including communication with the tenant and legal action if required.

4. Are fully managed services suitable for new landlords? Absolutely! New landlords benefit from professional guidance and support.

5. How do I know my property is being looked after? Regular inspections and detailed reports keep you informed about your property’s condition.

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November 2024 Property Market Update

November 2024 Property Market Update

As November comes to an end, the UK property market reveals key trends that shape buying, selling, renting, and letting activities. Shifts in the economy, regional differences in house prices, and changes in rental demand are shaping the property market in Tower Hamlets. This months update looks at the key trends and insights to help you stay ahead in the market.

Market Overview

The Office for National Statistics (ONS) reported that average UK house prices increased to £293,000 in August 2024, reflecting a 2.8% annual increase from the previous year. This growth is driven by consistent demand, with regional variations: England’s average price was £310,000 (up 2.3%), Wales £223,000 (up 3.5%), and Scotland £200,000 (a notable rise of 5.4%).

Meanwhile, private rent inflation remains high, with average UK private rents rising by 8.4% in the 12 months to September 2024. Average monthly rents in England reached £1,336, with London seeing the highest growth (9.8%). 

*Data from ONS October 2024 Bulletin

Navigating the Market as a Buyer

The Bank of England recently adjusted its base interest rate to 4.75%, improving mortgage affordability for many buyers. This adjustment has made mortgage rates more competitive, offering prospective homebuyers in Tower Hamlets an opportunity to access lower monthly payments and enhanced affordability compared to the peak rate levels seen in previous months. Lower interest rates can also boost buyer confidence, encouraging more first-time buyers and existing homeowners to consider entering the market or remortgaging for improved terms.

Tip for Buyers:

Securing a mortgage pre-approval before beginning to search for property in Tower Hamlets not only demonstrates your commitment to proceed but also gives you a clear understanding of your budget. This proactive approach makes you stronger in a competitive market, particularly when competing against cash buyers or those without mortgage pre-approval. 

You can use our mortgage calculator to work out what your up-to-date monthly mortgage payments will be.

Maximising Your Sale Success

Sellers are seeing increased market activity. Recent Rightmove data indicates a 27% rise in sales agreed year-on-year, reflecting strong demand, though buyers remain price-conscious due to economic factors including cost-of-living pressures and mortgage rate fluctuations. For sellers, this means striking the right balance in pricing is critical to capturing buyer interest while remaining competitive. 

Not on the market yet? City Realtor is your local estate agent in Tower Hamlets. To request a valuation please call 0207 790 7702.

Tip for Sellers:

Setting the right price for your property in Tower Hamlets is crucial for attracting serious buyers quickly. We will expertly value your home so that you achieve the price you deserve for your property. Additionally, you may wish to consider staging your home for viewings. Decluttering, making necessary repairs, and enhancing kerb appeal can all elevate buyer interest, potentially leading to faster offers at or above the asking price.

Landlord Strategies for a Changing Market

The rental market remains buoyant, with average UK rents climbing significantly over the past year, driven by strong demand and limited supply in many regions. Rising rental costs have made it increasingly competitive for tenants, especially in high-demand areas such as Tower Hamlets. However, landlords need to be mindful of policy changes, such as the 2% increase in Stamp Duty Land Tax on additional properties. This adjustment may affect long-term investment strategies, potentially prompting a reassessment of portfolio growth, returns, and the viability of new property acquisitions.

Landlords: We can take control of all moving parts and liaise with the appropriate parties to make the letting process as smooth as possible. Our team of experienced managers will complete every step in preparing your property for let. Contact us here.

Tip for Landlords:

Understanding compliance and legislative changes is critical for maximising rental yield in Tower Hamlets. Regularly review your rental portfolio with a property tax advisor to assess the implications on tax relief, deductions, or changes in tenant rights. Consider investing in energy efficiency improvements, as government incentives and tenant demand for greener homes may lead to longer tenancies and reduced void periods. Communication with tenants about their expectations and maintenance needs can also build stronger relationships, minimising costly turnover.

Securing Your Next Home as a Renter

Renters face a highly competitive market, characterised by strong demand for available properties and rapidly shifting rental prices. The government is working to make housing more affordable by expanding social housing options and giving tenants more rights, aiming to ease the pressure on renters struggling with rising costs. However, while these measures offer hope, the market remains difficult for many renters, particularly in high-demand areas where supply remains constrained.

Tip for Renters:

Begin your search for rental properties in Tower Hamlets well in advance to increase your chances of finding a suitable home. Ensure you have necessary documents, such as identification, proof of income, and references, ready prepared for quick submission. A solid credit score and positive rental history can give you an advantage over other applicants. If negotiating with landlords, emphasise your stability and reliability to potentially secure more favourable lease terms. 

Oldest, Largest, Smallest!

Did you know that the UK’s oldest surviving house is over 11,000 years old and located at Star Carr in North Yorkshire? The dwelling offers insight into Britain’s early settlement patterns, illustrating how the evolution of housing has shaped today’s market landscape.

From the oldest to the largest! The UK’s biggest private residence, Wentworth Woodhouse in South Yorkshire has over 300 rooms and spans 250,000 square feet. Its grand Baroque and Palladian architecture is an incredible example of Britain’s rich historical legacy and reflects how luxury and scale remain a unique part of the property market.

In stark contrast, one of the UK’s smallest detached houses, at just 290 square feet, was recently marketed for £1.2million in Chelsea, West London, which highlights the creativity and premium pricing often found in high-demand urban areas.

Looking Ahead

The UK property market is expected to remain stable as 2024 closes, with potential growth of 2.5% to 4% predicted over the next two years. Economic shifts, interest rate adjustments, and evolving housing policies will continue to shape market trends.

What Next?

City Realtor brings you all the latest property market news each month. For more localised property news in Tower Hamlets, please contact the team at City Realtor on 0207 790 7702 or admin@cityrealtor.co.uk.

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.

Note: The information in this article is based on data as of November 2024 and may change. Always seek professional advice for specific circumstances.

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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.