The recent announcement of the stamp duty holiday for properties below £250,000 was expected to result in a drop in rental demand as tenants decided to buy flats. So far, the opposite has proved to be true.  According to the Association of Residential Lettings Agents (ARLA) there are not enough rental properties to meet demand. Fifty-nine per cent of ARLA member agents reported more tenants than properties available in the first quarter of 2010. The figures for the last two quarters were 41 per cent and 24 per cent. “There simply isn’t enough housing stock,” said Ian Potter, of ARLA, who calls for greater government support for private landlords.

Read the full article on the Times Online Property Section

The new budget gives an immediate stamp duty holiday to any first-time buyer paying less than £250,000 for a property. The rate was previously 1% on homes between £125,000 and £250,000, so the temporary removal of the tax for two years will save a buyer up to £2,500.

So you might ask yourself, who qualifies as a 'first time buyer'?  Well it's not simple, so here's an interesting article from the Guardian that answers some questions...

Jonathan Detheridge from Nottingham Estate Agency GO Property Services comments "Property prices in Nottingham are now at their most competive for a decade so now looks like it could be a fantastic time for 1st time buyers to come back to the market. At the peak of the boom buyers had to offer over the odds to secure a property but there are now some real bargains in the market place. £90,000 can buy you quite a lot at the moment and the mortgage repayments would work out quite favourably with renting"

Google Street View has been expanded and now covers 95% of the UK, from Penzance to Shetland. Controversy abounds but most people seem to appreciate the benefits.

If you have not already done so, check out Google Street View for your own house, or any other address in the UK, by entering the post code into Google and clicking on Maps at the top.

Check out Google Maps here...

Read the full article in the Mail Online here...

Or check out the sorry state of the GO Property Services offices before we moved in!

Vendors with property they are currently struggling to sell ought to consider reviewing the marketing price before they start splashing out on expensive refurbishment projects, according to an article in this weeks Independent. In a refreshingly frank piece by their House Doctor, Sam Dunn, he suggests that vendors ought to be asking a few questions of their agent before they rush off to B&Q.

Are you getting regular updates on the level of interest, and is the property presented properly in the 1st place are a few obvious questions that you should consider. If your agent isn’t working hard enough to keep you up-to-date, do you think they are they doing an awful lot to try to sell your home or have they just quoted you an over ambitious selling price to get your instruction? Perish the thought.

Homeowners in Nottingham with property to sell could do an awful lot wore than contact GO Property Services for an honest appraisal of their homes sales price. Call us today on 0845 226 0345 for a free market appraisal.

The Independent article can be read here

A reduced supply of rental property and the increased demand of tenants is starting to see rental prices increase according to the RICS residential lettings survey published today.

Following on from our article in January demand for City Centre apartments remains very strong with void periods now all but non existent and recent University application numbers suggesting a stronger market than ever this summer. "The shortage in supply is being compounded by reluctant landlords selling-up and exiting the market now that house sales are slowly starting to pick-up. We are also finding that unlike recent years there is a shortage of new rental property coming onto the market as the lending criteria is now so tough that there are very few new  landlords entering the field " commented Jonathan Detheridge  from GO Property Services.

Tenants are advised to look early and choose quickly if they see something they really like.

See the full RICS Residential Lettings Survey here

A modest upturn in the property market should bring more investment to Leeds in 2010, says a major consultant.

CB Richard Ellis says that despite low investor confidence at the start of 2009, the highest quarterly deals figure for the last three years was achieved in the last quarter, including the city’s largest transaction for five years, culminating in over £157m of investment.

Jonathan Shires, director of office agency for CBRE Leeds, said “Sentiment is improving across the region as a whole as Yorkshire demonstrates its resilience against the global economic downturn. There was also an emergence of smaller deals as new, start-up companies emerged and existing organisations downsized.

“Whilst the public sector remains a key source of demand in Leeds, it was in fact the business services sector which took the most significant market share, accounting for 29 per cent of all space let in the 78 deals of 2009.”

Read the full article on the Yorkshire Evening Post’s website

 

After the usual dip in demand for property over the Christmas and New Year period, it is apparent that the demand for rental property is increasing with every week. An exceptionally cold January didn’t stop a 50% increase in viewings year on year. February saw GO Property move in 50% more tenants year on year, with rental levels holding firm and in some instances increasing slightly.

The supply of property in the rental sector appears to have dried up over the past 6 months, which means demand is coming back into line with supply and resulting in stabilising rental levels. These early signs indicate that 2010 could prove to be a far better year for the landlord. There is one thing, however, that we can be sure of - the property market remains volatile and it would be a bold person who said they can predict its development.

The volume of people wanting valuations this year has risen compared to early 2009. This can only be a positive sign that the housing market is beginning to move in the right direction.

Although the First Time Buyer may still need a helping hand with a deposit, the future is improving for them as many lenders are now bringing back products that can be tailored around the customer, making borrowing more affordable.

Read the full article on the RICS website

According to FindaProperty.com’s latest Rental Index, the rental market is dividing in two - the monthly changes in asking rents of flats and houses are starting to differ increasingly.

Nigel Lewis of Findaproperty.com, commented: ‘The consistent demand for flats is largely from those at the lower end of the sales market, who are unable to take that first step onto the property ladder, so continue to rent. While affordability for first-time buyers has improved slightly, the deposit required remains a significant sum and an obstacle for many hoping to move from the rental market.’

He went on to say that, in contrast, ‘many people renting houses have saved a deposit, riding out the recession, and are now buying, as houses have become more affordable and lenders have eased restrictions slightly’.

Andrew Sainsbury, Director at Go Property Services, commented that FindaProporperty.com’s Rental Index reflected the current lettings market in Leeds, with a higher demand currently being seen for flats, which we expect to see continue in the short term.

Click here to view full details of FindaProperty.com's Rental index

Do you dread all the administration involved in moving property? You call the utility companies only to be put on hold for 5 minutes whilst you’re put through to the wrong department. GO Lettings have teamed up with Money Angels to make this process quick and stress free for both tenants and landlords. Money Angels are a one stop shop for registering a new occupier of a property for gas, electric, water, and council tax. They can even set up broadband, home phone and digital TV, and find the cheapest suppliers for each. One short form and they take care of the rest.

Visit the MONEY ANGELS website for more information.

Lettings Agents are required to register all tenant's deposits with the Tenancy Deposit Scheme.  This offers protection to tenants and prevents landlords from using the money however they see fit. There are potential costs to landlords if agents abuse the system.

Read the full article at Estate Agency Today

GO Lettings registers all their tenant’s deposits with The Dispute Service and we currently have no unresolved disputes!

 

Would you believe that an outdoor toilet can add value to a property?  Apparently if it is well maintained, and partnered by an indoor version, it can make your house more valuable than your neighbour’s…

Could be the next big craze - don't bother with a conservatory or loft conversion, just add an outdoor loo!

Read the full article on The Guardian website

Long term private renting is set to make a comeback among young adults as homeowners are looking to sell up and rent instead.  This information is from a survey by unbiased.co.uk.  The article looks at various scenarios and there are some quite heated comments at the bottom – well worth the read just to see what people think of tenants, landlords, and letting agents!

Just to let you know, GO Lettings is a member of ARLA as well as other governing bodies including The Property Ombudsman and the Tenancy Deposit Scheme.

Read the full article and comments on The Guardian website

“Tenant defaults could soar over the next year amid reports that up to one million households have borrowed money on a credit card to pay their mortgage or rent over the past year…”

Read the full article on WiltshireBusinessOnline.co.uk

We offer Rental Guarantee insurance for our landlords to help soften the blow in these instances - more information can be found on our Landlord Information page.

 

The new government sponsored scrappage scheme that gives households in England £400 off the cost of a new boiler has now been launched and is open to landlords.

The boiler scrappage scheme was announced in the pre-Budget report in December and according to the government it will help households cut energy bills, reduce CO2 emissions and help support industry jobs. It is claimed that over 100,000 homes in England could benefit from the scheme.

There are about 3.5 million homes in England with working G rated boiler that may qualify for the scheme. Clients that have older boilers in their properties should contact us if they believe their boiler may qualify for the scrappage scheme and we can contact the Gas Safe installers that we work with who can provide quotations to replace if required.

For more details see the attached link http://news.bbc.co.uk/1/hi/business/8440557.stm

 

After several months and some very overly complicated legalities, several large unexpected bills, a wild goose chase trying to do our bit for the environment, and a frantic time getting our IT connected up - thanks Virgin Media, we'll recommend you to everyone, honest  - we've finally moved in to our new home.

2B - 4B Hucknall Road in Nottingham is our new address and you can't miss us if you're driving past. We're at the city end of Hucknall Road, next to the Nat West Bank as you turn off the Mansfield Road.

2B_-_4B_Hucknall_Road_Nottingham

There's still work to be done, but nothing that's going to get in the way for the start of the new decade. Our thanks go out to our team of workmen who have grafted to get us moved in before Christmas; Dani in our office who has measured, planned, and generally made the move go ahead last weekend; and Jackie Pabla at Yates & Co who soldiered through the legal minefield to complete the purchase. Thanks do not go to Virgin Media who couldn't organise the proverbial and The Carbon Trust who led us on a merry dance and then didn't come up with a penny.

Cheers Everybody, here's to a prosperous 2010.

 

 

January 1st 2010 will see the threshold for stamp duty return to its previous level of £125,000 down from £175,000.  Whilst the reduction was widely predicted, it has been criticised widely by those in the industry. In particular, Estate Agents are now calling for new measures to help First Time Buyers.

ARLA also expressed their disappointment, claiming the minister had not included ‘any initiative that will make any difference’ to the housing market.

There may be some good news for landlords however as the lettings market may benefit from the reduced stamp duty threshold. Some in the industry are expecting to see an increase in tenant demand early next year. Andrew Sainsbury of Go Property Services said ‘those living with their parents whilst saving for a deposit for their first home may now consider renting for the medium term instead. Current tenants who had been considering a purchase are now more likely to continue renting. Both factors should see tenant demand rise when the lower threshold comes into effect.’

Over a third of tenants that recently responded to a Rightmove Survey are expecting rents to rise in 2010. The results from the survey in Q4 of 2009 suggested that just 7% of the 35,000 respondents were expecting rents to fall. Of those expecting an increase, a third thought that prices would rise by over 10%.

The survey reflects the RICS Rental Market Report which found that surveyors expect rental prices will go up in 2010 due to increasing demand and a reversal of the oversupply witnessed over the past year.

The Rightmove Consumer Confidence Survey also found that 58% of people who will rent in 2010 would prefer to buy but cannot afford to – a situation that doesn’t seem likely to change overnight.

Jonathan Detheridge, Managing Director at GO Property Services comments “the last 3 Qtrs of 2009 have seen unprecedented occupancy rates across our rental portfolio with Apartments & Flats being the real winners. In Nottingham City Centre, buy-to-let landlords are starting to enjoy rent increases for the first time in recent history and we think this will continue into 2010. Traditional houses, on the other hand, are still suffering from a degree of over-supply with the many ‘reluctant landlords’ still stuck in the rental market due to selling prices being suppressed”

“We’re predicting that the supply of property for sale will increase in 2010 as a degree of confidence returns to the market. The anticipated election in May could prove a real fillip to the market with Conservative Party plans to scrap HIPS being closely watched by potential sellers.”

Landlords with property to rent should contact GO Lettings today for a free realistic appraisal of the rent they are likely to achieve for their property.

GO Lettings specialises in letting and managing professional property in Nottingham & Leeds. We are members of ARLA & the NAEA and our deposits are administered by TDS.

GO Estate Agents this week announced their arrival with an offer for property sellers in 2010.

As an introductory offer we will be providing our full Estate Agency service for a fixed price of £750+vat*.

For that you get;

Your Property advertised on the all the major Internet Sites, inc Rightmove, Find-a-Property, Prime Location, & Zoopla etc.

Your Home advertised in The Evening Post

Your Home advertised on Google

FOR SALE Board

Accompanied Viewings

Purchaser Qualification

After Offer Support to chase the sale through to completion

All we ask in return is that you tell your freinds and family how we've done!

*the fixed price offer is running for 3 months only, December, January & February, after this our prices will revert to our standard selling fees of between 1 & 1.5% depending on the service you choose. GO Estate Agents will honour all fixed price deals until the point the property is sold.

After 6 succesful years letting property we are branching out into Home Sales so we've taken the step of changing our name at the same time.

We've been Lettings Direct for over 6 years and in that time we've had many a bright spark pop-up with a similar  name and we didn't want our clients getting confused. We also had to choose a name for our Estate Agency, so we thought now was as good a time as any to rename the whole bang shoot  so that we trading as one entity.

After several months head scratching and a lots of screwed up balls of paper, we decided on GO - we hope you like it.

To reflect our specialities we have split the business into defined areas as we think you want to talk to a local specialist rather than a general property company. So, for Lettings in Nottingham, we have GO-Lettings-Nottingham, or in Leeds, we have GO-Lettings-Leeds. The idea being that  you can get straight to the horses mouth without going round the houses to get there - 2 cliches in one sentence! Not Bad!

To match our new name, we'll shortly have a New Office to boot. We have purchased premises at 2B - 4B Hucknall Road in Nottingham. Next to the Nat West Bank & The Grosvenor public house we have a huge 15 meter frontage with our branding all over it so you don't miss us.  We're just frantically refurbishing the building and the plan is to open before Christmas so we're ready for a prosperous 2010.

If you're looking to sell a property in Nottingham you should give us a call. We have a fantastic opening offer of a fixed selling fee for all instructions recieved in December, January and February.

If you're passing the new office in December pop-in and say hello.

 

 

We're pleased to announce the launch of GO Estate Agents Nottingham.

GO Estate Agents is the home sales arm of GO Property Services, the new name for Lettings direct.co.uk. After 6 succesful years letting property we are branching out into Home Sales so we've taken the step of changing our name at the same time.

We've been Lettings Direct for over 6 years and in that time we've had many a bright spark pop-up with a similar  name and we didn't want our clients getting confused. We also had to choose a name for our Estate Agency , so we thought now was as good a time as any to rename the whole bang shoot  so that we trading as one entity.

After several months head scratching and a lots of screwed up balls of paper, we decided on GO - we hope you like it.

To reflect our specialities we have split the business into defined areas as we think you want to talk to a local specialist rather than a general property company. So, for Lettings in Nottingham, we have GO-Lettings-Nottingham, or in Leeds, we have GO-Lettings-Leeds. The idea being that  you can get straight to the horses mouth without going round the houses to get there - 2 cliches in one sentence! Not Bad!

To match our new name, we'll shortly have a New Office to boot. We have purchased premises at 2B - 4B Hucknall Road in Nottingham. Next to the Nat West Bank & The Grosvenor public house we have a huge 15 meter frontage with our branding all over it so you don't miss us.  We're just frantically refurbishing the building and the plan is to open before Christmas so we're ready for a prosperous 2010.

Home Owners that are thinking about selling their proprerty in Nottingham should give us a call. We have a fantastic opening offer of a fixed price selling fee for all instructions recieved in December, January and February.

For £750 we will be providing a full Estate Agency service that will not only give your property maximum exposure to the market, but also provide the back-up our trained Estate Agency staff to help ease the sale through to completion. We aren't just putting a board up and leaving you to do the rest.

If you fancy a fresh start to 2010, give GO Estate Agents a call today to arrange a FREE Market Appraisal.

 

 

Subcategories

Free Instant Valuation

Want to know how much your home is worth? Find out in an instant...

Click here

Testimonials

  • Claire O'Neill - Landlord and subsequently Vendor

    A huge thanks to the team at Granger & Oaks - they were a pleasure to deal with and I would have no hesitation in recommending them . Granger & Oaks managed my letting READ MORE

  • Mr Wotjak - Tenant, Purchaser & Landlord

    "I am in the unique position to have been involved with Go Property as both a tenant and as a landlord and in both cases have found their services to be excellent. They have READ MORE

  • Mr Sansom - Landlord

    "Being a landlord myself wih several properties managed by various agents arouind the country I would have to save without a doubt that GO have been the best a long shot. They READ MORE

More

LATEST NEWS

  • Early Closing Today Saturday 2nd June

    02/06/2018

    To mark our 15th anniversary, we are today embracing the glorious weather and embarking on a 15 mile charity walk to raise money for the Alzheimers Society & Maggies.  To allow the walk to READ MORE

  • Selective Licensing Update

    31/05/2018

    Following legal advice, Nottingham City Council have u-turned on a number of conditions of the scheme being rolled out this summer. The following updates have been made to the scheme conditions: 1) READ MORE

  • Surviving Selective Licensing! Essential Workshops for Nottingham Landlords

    15/03/2018

    In conjunction with East Midlands Property Owners (EMPO), Granger & Oaks will be holding a series of Selective Licensing Workshops to help landlords prepare for the licence application start date READ MORE

View all news