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More houses for sale in Carrington, Sherwood, & Mapperley Park

More property needed! That is the message to house sellers considering coming to market following a very solid August. Continuing in the same vein as the rest of the year so far, buyer demand is still generally outstripping supply, leaving some potential movers frustrated.

Talk of interest rate rises are never helpful, however most buyers we have spoken don’t seem overly worried about the effect a .25% rise in their mortgage interest payments would have on their finances. Their bigger concern as always is, stamp duty.

Demand in lettings has been high as is traditional for August. Confidence among landlords is improving which has been reflected in recent buy-to-let lending by the Council of Mortgage Lenders reaching a five year high. We think tenant demand will remain strong whilst the level of house building remains as low as it has been and which shows no sign of changing in the short term.

GO Property Services Ltd sell, let & manage property across Nottinghamshire. The company is independent & in 2013 celebrated our 10 year anniversary. We are licensed by ARLA & the NAEA, and offer a high quality service that is competitively priced.

Photo by ramnaganat, used under CC BY, text added to original

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The Council of Mortgage Lenders (CML) said that 40,000 mortgages, worth £5.1bn, were advanced to buy-to-let investors in April, May and June. This is the highest since the third quarter of 2008 and this could see new buyers vying it out with investors as the housing market gathers pace.

Year-on-year, buy-to-let lending was 19% higher by volume and 31% higher by value, although it was picking up from relatively low levels. The peak during the housing boom for any one quarter was £12.7bn, which was reached in the autumns of 2006 and 2007. The Council of Mortgage Lenders (CML) said landlords had been taking the opportunity to remortgage their properties during the spring, and were also benefitting from strong demand from tenants.

Sales Manager at GO Property Services, Phil Wardle said ‘this growth is fuelled by a renewed appetite from investors, both new and experienced alike. There is also better availability of buy-to-let mortgages at lower rates and with more relaxed criteria than at any time in the past five years.’

A survey by specialist buy-to-let lender Paragon Mortgages, mirrors the figures from CML with 16% of landlords surveyed planning to add to their rental portfolios during the third quarter of the year. There has been no change in the types of property landlords are planning to invest in, with terraced houses remaining the most popular with 55% (of those expecting to buy) choosing this type of property. There has been a slight increase in popularity of detached houses, with 15% of landlords expecting to buy this property type compared to 12% last quarter.

‘It’s interesting to see the improvement in confidence amongst landlords in the private rented sector, said Phil. ‘We are seeing much more activity as a result of continuing strong rental demand and the investments made by landlords. Tenant demand is healthy, and this is likely to remain whilst the level of house building that the wider housing market so desperately needs remains at current levels.’

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In contrast to almost every other profession in the country (ice-cream sellers excluded), July is traditionally our busiest month of the year. Schools & colleges breaking-up, teachers changing schools, doctors and nurses changing hospitals, and recent graduates entering the world of work, result in everyman and their dog moving home and July this year has carried on the tradition.

Despite the recent Mortgage Market Review, homesales still remain buoyant with July being our busiest month so far this year for house sale completions. The good news is that we are also still receiving strong demand from buyers with several house sales in July agreed within 48hrs of instruction. That said, the market does appear to have peaked for the year, and we expect things to slow a little now were fully into the holiday season.

Phil Wardle commented “we’re still finding that properly priced and well-presented properties are selling well, and there is definitely still a shortage of supply. At the start of the year we also had a good level of investment activity and we expect the market to stay relatively strong as we go into the autumn”

In property rental, demand has been very strong too. Price is proving to be crucial, particularly compared to the previous three summers where rents have risen. In Nottingham city centre, the landscape has changed over the past few years with an explosion of purpose built student accommodation. In a move similar to the boom in new build flats in the noughties, corporate landlords are flooding to market with bigger & better student blocks. Whilst this is creating further capacity in the student market, the knock-on effect is that we are seeing a reduction in tenant numbers in the city centre and in traditional student areas this summer.

GO Property Services Ltd sell, let & manage property across Nottinghamshire. The company is independent & in 2013 celebrated our 10 year anniversary. We are licensed by ARLA & the NAEA, and offer a high quality service that is competitively priced.

Photo by ramnaganat, used under CC BY, text added to original

STANHOPE-SOLD

Property listed Friday. Potential buyers from GO's database informed immediately. Viewings over the weekend. Deal negotiated and SALE AGREED by Monday!

If you have a property to sell and would like to see how we are constanly 'Striving to Treat Every Property as if it is our own', give me a call on 0115 9629770 or e-mail me at This email address is being protected from spambots. You need JavaScript enabled to view it.. I look forward to hearing from you, Phil Wardle, Sales Manager.

Diane Star Performer - 31.07.14

Every month we like to highlight all the great work done by all the wonderful property professionals at GO Property Services during the previous month. ‘Striving to treat every property as if it is our own’ has always been our guiding principle, so each month we like to put the spot-light on the individual that has done the most to go the extra mile for clients and really ‘treated it like their own’.

This month’s winner is long overdue for Star Performer recognition. It is well known that this person always strives to do their best for landlords and treats every property as if it were their own, but as someone who prefers to recognise the achievements of others over themselves, the praise of others has always come first. As well as providing the best possible service to landlords, they are also known for being a supportive and motivating colleague too. By leading from the front, providing second to none training to staff and always being there for colleagues (often out of hours), her team feel supported and encouraged to follow her example to provide the same industry-leading customer service to clients that she does.

The winner of this month’s Star Performer award is none other than Lettings Manager extraordinaire, Diane Bown.

‘I'm absolutely thrilled with how Di has taken on the Letting Manager role’, commented Director Jonathan Detheridge. ‘GO Property Services is lucky to have such an exceptional manager leading the team in such a supportive and motivating way, whilst having the admiration of her colleagues’.

Keen to put credit where credit is due, Di would like thank all of the team for their hard work over a busy summer month and has made a few special mentions below.

Phil for all his hard work with sales. House sellers really warm to him and he breaks his back for them to ensure things run smoothly and sales complete.

Kayleigh has continued to get good results with property maintenance requests and continues to work above and beyond the call of duty doing inventory preparation and answering emails out of hours at home.

Giulia has put some excellent deposit disputes together which has led to excellent results for landlords.

Ashleigh's customer services is great, she has an excellent telephone manner and is friendly to visitors to the office, always wishing them a ‘good day’.

A quick tour of some of Nottingham's historical street names. 

 

Kayleigh Star Performer

Every month we like to highlight all the great work done by all the wonderful property professionals at GO Property Services during the previous month. ‘Striving to treat every property as if it is our own’ has always been our guiding principle, so each month we like to put the spot-light on the individual that has done the most to go the extra mile for clients and really ‘treated it like their own’.

This month’s deserved winner of the award has really shown themselves to be an expert Property Manager, by highlighting property improvements, raising them with clients in a constructive manner and making sure the improvements were carried out with the minimum of fuss and budget. This has resulted in happy tenants with well-maintained properties and revenue increase for landlords through rent increases. ‘Our clients now also have properties that will re-let much quicker when the time comes’, commented Diane Bown, Lettings Manager at GO Property Services. ‘The very same person has worked long hours, come in on days off, typed inventories at home and been very dogmatic in chasing rent arrears until payment is secured, all of which is just how our clients would like it to be’, added Diane.

Therefore this month’s Star Performer is none other than… Kayleigh Drohan, expert Property Manager.

Well done Kayleigh, you’re doing a great job in your relatively new role as Property Manager. Keep up the excellent work and all the extra’s you put in are very much appreciated.

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June must surely be the most unpredictable month of the year. After a very busy May, all the signs suggested June would follow suit - it has after all been one of the two busiest months of the year 3 times out of the last 4.

June 2014 was however not a record breaker.

Maybe World Cup fever was to blame? I for one am glued to it most evenings and the search for a new house has taken a back-seat.

It’s not that June was particularly poor, it was just a bit none descript when we really thought it would be busy. Overall, Lettings were pretty solid, with 2 very good weeks balancing out the 2 slower ones. Enquiries for apartments in the city have increased, but we’re finding that properties slightly outside of core areas are not generating huge amounts of enquiries.

In home sales we had a very successful month, with a record number of valuations and sales agreed. We have however started to notice a small drop in the number of buyer enquires.  Generally speaking, house sales remain strong, but flats are still far slower than we’d like. With school holidays now just around the corner, we would encourage anybody thinking of coming to the market to do so sooner rather than later.

Looking forward, July and August are normally the busiest months of the year, driven mainly by education. Students moving house, Doctors moving hospitals, and families moving during the school holidays all happen during July & August, so we’re battening down the hatches and getting ready for the rush.

GO Property Services Ltd sell, let & manage property across Nottinghamshire. The company is independent & in 2013 celebrated our 10 year anniversary. We are licensed by ARLA & the NAEA, and offer a high quality service that is competitively priced.

Photo by ramnaganat, used under CC BY, text added to original

 

Following previous posts about how to make a great first impression when selling your home where we talked about the importance of quality photography and ‘pavement appeal’ for your property, today we’ll be discussing the importance of decluttering and depersonalising. Remember, the key is to think like a buyer. Get inside their head and see your home through their eyes.

The rules to styling the outside of your house are exactly the same as they are inside, declutter and depersonalise.
Declutter
With less than a minute to make a great first impression, you have to make sure nothing gets in the way of a prospective buyer making an offer. Move the rubbish bins or recycling tubs out of the way and tidy up the garden. If it’s covered in weeds, take the time to pull them up and think about putting stones down - they’re an inexpensive alternative to laying paving and can hide a multitude of sins. Cut the lawn and trim the hedge, and if you have one, make sure the garden gate isn’t loose or in need of painting. Finally, make sure you clear out your gutters – a prospective buyer is going to notice if there’s something growing out of them.

Depersonalise
You want to make it as easy as possible for buyers to envisage themselves coming home to your property every day. So remove anything that could act as a barrier to their imagination. If possible, move your car so they can picture their own car in the drive. And if you have any decorations in your front garden make sure they could be of everyone’s tastes. Sorry, any cute gnomes will have to go. Make the styling neutral, fresh and clean.

If you would like any help on making that all important first impression, give me a call on 0115 9629770 and I’d be more than happy to help. I look forward to hearing from you.

Phil Wardle, Sales Manager - Striving to treat every property as if it is our own.

 

 

 

Following yesterday’s post about how to make a great first impression when selling your home where we talked about the importance of quality photography for your property, today we’ll be discussing, ‘pavement appeal’. Remember, the key is to think like a buyer. Get inside their head and see your home through their eyes.

Pavement Appeal
Think about the approach to your property. As a potential buyer walks towards your home they will be asking themselves ‘could I live here?’ So you need to do everything you can to make that answer a resounding ‘Yes’. Go outside and approach your house as a buyer would. What do they see? The broken fence, the cracked paving stones or how about an ugly old door? The major elements to focus on are the walkway up to your property, the front door and any ornaments – it’s always advisable to depersonalise each space including any front garden and walkway by removing ornaments that are an ‘acquired taste’.

Think about your front door. Is it clean and freshly painted? If its tired and dated and paint won’t do the job, maybe consider replacing it with something new, but in-keeping with the house. If the budget runs to a colour, blue is always a popular choice. You could look at other equivalent properties in the area for ideas.

In part 3, we’ll be discussing depersonalising and decluttering your property. If you would like any help on making that all important first impression, give me a call on 0115 9629770 and I’d be more than happy to help. I look forward to hearing from you.


Phil Wardle, Sales Manager - Striving to treat every property as if it is our own.

 

How do you make your house more appealing before a buyer has even walked through your front door?


Psychologists say that we make up our minds about a person within the first few seconds of meeting them, and the same is true when a potential buyer views a house – in fact it’s possible that a prospective purchaser will have more or less made up their mind about a property before they’ve even walked through the front door, so making sure the first impression is the right one is all important.

It’s often suggested that having the smell of coffee floating through the air or having lots of mirrors in the property (so the buyer can literally see themselves living there) can help put an offer on the table, but not much is said about the immediate exterior, which could in reality be what makes or breaks the sale of your property.

The key is to think like a buyer. Get inside their head and see your home through their eyes, starting with before they’ve even left their own.

Pre Viewing
Even before a potential buyer has come to see your house, the first thing they are likely to do is view photos of your property online. Even the look of the outside of your house can put someone off or draw them in. So take a photo of your house as it is and ask yourself “what do you see?” Have a look at current listings to check the quality of photography by the agent coming to value your property. If it isn’t up to scratch, consider using a different agent, as it could mean the difference between ten viewings and none. Always use photos taken on a sunny day, the light will make your property look much more appealing.

In tomorrow's post, I'll be talking about the importance of 'pavement appeal'. If you would like any help on making that all important first impression, give me a call on 0115 9629770 and I’d be more than happy to help. I look forward to hearing from you.

Phil Wardle, Sales Manager - Striving to treat every property as if it is our own.

 

 

 

Nottingham Residential Property Market comment May 2014

In general, despite two Bank Holidays and school half-term holidays, May has been a busy month with increased activity in both Lettings & Homesales.

After a fairly sluggish start to the year, the rental market has now had two strong months on the bounce, which is  soaking-up any over-supply that built-up during a quiet February & March. Rental prices are creeping up a little in a few areas, but in general there isn’t a lot of movement in price year-on-year.

Over the past 3 or 4 years, June has been one of the better months of the year and normally kicks-off the rush into the summer, so we are anticipating a busy next few weeks as people try to get their new homes organised before their holidays.

In line with national media coverage, Home sales are dramatically improved compared to a few years ago. That said, the property bubble that is the current media obsession, is not particularly the case in and around Nottingham. Prices are starting to rise in most areas, but in many the rise is very modest, and it still leaves the property value lagging far behind where it would have been in 2007.

There are a far greater number of buyers in the market, but they are being stifled by a shortage of supply.  Inevitably, the shortage is meaning that sellers can ask more for what they are trying to sell, but we are still finding that buyers aren’t getting carried away and over-priced properties still aren’t selling.

Jonathan Detheridge from GO Property Services comments "In Nottingham, there is still a shortage of core first time buyers coming to the market, which is resulting in the prices of some traditional terraced properties and small flats still being depressed. Hopefully, as the economy stabilses and the job market continues to improve, more first time buyers will have the confidence to return to the market". 


GO Property Services Ltd sell, let & manage property across Nottinghamshire. The company is independent & in 2013 celebrated our 10 year anniversary. We are licensed by ARLA & the NAEA, and offer a high quality service that is competitively priced.

Landlords Responsibility for Legionella Control.

In 2013 The Health & Safety Executive (HSE) revised it's approved code of practice (ACOP) regarding the control of Legionnaires Disease. Legionella are bacteria commonly found in natural water systems (e.g. rivers and lakes) and artificial water systems (e.g. storage tanks, pipe work, taps and showers).  The bacteria is usually associated with large water systems such as those found in leisure facilities, hotels and hospitals and regular and stringent checks are carried out to monitor these types of water systems. This revision to ACOP has removed the previous 300 litre water system limit, meaning that the legislation now applies to all premises with a water system and therefore residential property is included.  

Under the new revision, as a landlord you need to take suitable precautions to prevent and control the risk of exposure to legionella. To identify the risks in your water system you, or a competent person who understands your water systems and any associated equipment, should establish possible exposure to legionella risks. When assessing the risk consider the following:
1. Are there possible areas where stagnant water could be present, e.g. pipes to a washing machine no longer used?
If yes, what should I do about it?
Remove the redundant pipe work
2. Is there any debris in the water system such as rust or sludge (typically a problem with old metal cisterns)?
If yes, what should I do about it?
Make sure water cisterns are covered, insulated, clean and free of debris.
3. Are there infrequently used outlets, e.g. showers or taps in 2nd bathrooms?
If yes, what can I do about it?
Periodically run taps and showers. We will give your tenants information about preventing Legionnaires. They will be responsible for regularly flushing taps and showers and keeping them free from lime scale.
It is important keep a record of the findings of any assessment and any associated works. It is also important to review the assessment periodically in case anything changes in your system. If you are unsure of the risks or cannot be sure that your water system is not contaminated with Legionella, you should seek advice from a professional or contact us.    
More information can be found in the following HSE publications
Legionnaires’ disease - The control of legionella bacteria in water systems - http://www.hse.gov.uk/pubns/priced/l8.pdf
Legionnaires’ disease - A brief guide for dutyholders - http://www.hse.gov.uk/pubns/indg458.pdf

GO Property Services Ltd sell, let & manage property across Nottinghamshire. The company is independent & in 2013 celebrated our 10 year anniversary. We are licensed by ARLA & the NAEA, and offer a high quality service that is competitively priced.

Landlords were again reminded last week to be careful who they choose to manage their property when a Letting Agent specialising in housing benefit lost £400,000 of rent paid to them on behalf of their tenants.

London Housing Solutions (LHS)  based in Essex are thought to owe money to over 100 landlords, some dating back as far as July last year, a Channel 4 News investigation has revealed.

As managing agents, LHS have been paid the money in rent on behalf of tenants by several councils across London & the south east. The money should have been paid to the landlords minus their management fee, however, nearly half a million pounds cannot be accounted for, and LHS now appears to have closed down leaving tenants worried about losing their homes.

As Licensed ARLA Letting Agents, GO Property Services today urge landlords to be careful who they retain to manage their properties. Jonathan Detheridge from GO Property Services commented “Anyone can start up a Letting Agency tomorrow without any training or qualification. This case highlights the need for councils to check that the right person is ultimately getting the money they are paying out, and, it sends out a clear message that landlords should be using Licensed Agents that have client money protection insurance in place.”

Giles Peaker, a partner in the housing and public law team at Anthony Gold Solicitors in London, said there was "nothing at all" to stop companies disappearing with hundreds of thousands of pounds of housing benefits. "It's simple to set up and one of these companies can simply go bust and the money vanishes," he said. "There's no way to get that money back without great difficulty."

As an ARLA licensed agent, GO Property Services are required to have passed the ARLA Technical Award & have to file an annual financial report that has to be completed by an accountancy firm that is a member of the ICAEW or ACCA.  

Find out more about this story here.

GO Property Services Ltd sell, let & manage property across Nottinghamshire. The company is independent & in 2013 celebrated our 10 year anniversary. We are licensed by ARLA & the NAEA, and offer a high quality service that is competitively priced.

Avid Rightmovers will have noticed the addition of Home Ideas to the site. This clever use of properties already loaded to the portal gives some very good ideas for anybody looking to present their house to sell, without subscribing to an expensive Lifestyle magazine.

You can search by room types, colour themes, or even drill down to specifics like ovens, fireplaces, or showers. Or, if staircases are the thing that floats your boat, the Stairporn pages are the ones for you. www.rightmove.co.uk/home-ideas/stairporn

With agents across the country reporting an uplift in enquiries, its only a matter of time before home-staging becomes all the rage again. This new use of data already on the Rightmove website is the perfect place to keep yourself ahead of the curve. Or not, as the case may be!?

GO Property Services Ltd sell, let & manage property across Nottinghamshire. The company is independent & in 2013 celebrated our 10 year anniversary. We are licensed by ARLA & the NAEA, and offer a high quality service that is competitively priced. 

GO Property Services this month harnessed a new driving force to promote its service across Greater Nottingham – by advertising on Nottingham City Transport buses.
Launching in February the GO Bus Ads are running on routes out of the city along Hucknall Road and Mansfield Road spreading the message to landlords, tenants and people thinking of buying or selling.

Jonathan Detheridge of GO Property Services commented “We’re really excited by the bus ads. The housing market across Nottingham is starting to show solid signs of recovery, and enquiries are up by more than 80% year-on-year. It’s great to be able to support public transport in the city whilst at the same time spreading the word about what we do further out of town”

GO Bus Hucknall Road 140213 resize


The government Help to Buy scheme, launched in October, is assisting 1st time buyers back to the market when previously they may not have been able to access a mortgage without a very large deposit. With property prices in Nottingham lower than many similar sized cities across the country, homeownership is now a real possibility for people that have been effectively barred from the market since 2008.

 GO Property Services Nottingham Bus Mansfield Road 140213

GO Property Services Ltd sell, let & manage property across Nottinghamshire. The company is independent & in 2013 celebrated our 10 year anniversary. We are licensed by ARLA & the NAEA, and offer a high quality service that is competitively priced.

Thursday May 15th sees the return of the East Midlands Landlords & Letting Agents EXPO to East Midlands Conference Centre (on the Nottingham University Campus) 

The EXPO brings landlords, agents and trade suppliers from across the East Midlands together under one roof for one day in this FREE event. After a staggering response to the 1st EXPO in 2013, the show promises to be even bigger for 2014.

On the day there will be over 70 exhibitors, FREE prize draws, a live property auction from Graham Penny, a networking lunch, and chance to put questions to local authorities across the region.

GO Property Services will be exhibiting with ARLA again this year we'll be running a competition to win a tenant! Yes, thats right, not an ipad, or a gadget for the house that you dont really need, you can win a shiny new tenant!* 

Organised by East Midlands Property Owners (EMPO) the regions largest Landlords Association, the EXPO is a great opportunity to keep up to date with developments in the private rented sector.

(*In the interests of clarity: In our FREE to enter competion the winner will recieve a voucher entitling them to try our highly commended Comprehensive Tenant Placement service completely free of charge. T's & C's will obviously apply. To find out more, come and see us on stand 43 & 44)

Find out more about the EXPO here

EXPO Banner 2014

Bank of England data reports a 20% jump in mortgage approvals in 2013. Home loans approved in 2013 grew to 734,000, up from £612,000 in 2012. The mortgage growth data mirrors sentiment across the country, which is finally starting to see growth in the number of For Sale boards turning to Sold after several years in the doldrums.

“In Nottingham, 2013 saw a marked increase in completions compared to previous years and there was a noticeable increase in enquiries, particularly during the 2nd half of the year. The government backed Help to Buy scheme certainly increased interest and the great news is that it has started to bring 1st time buyers back to the market after quite a lengthy absence” comments Jonathan Detheridge from GO Property Services.

2014 promises to be an interesting year with unemployment dropping and the economy showing solid signs of recovery its anticipated that approvals will continue to grow.

See the full story here  

GO Property Services Ltd sell, let & manage property across Nottinghamshire. The company is independent & in 2013 celebrated our 10 year anniversary. We are licensed by ARLA & the NAEA, and offer a high quality service that is competitively priced.

 

LETTINGS NEGOTIATOR. GO Property Services is expanding, presenting an excellent career opportunity for the right person to flourish in our office on Hucknall Road in Nottingham.

We hire for attitude over qualifications, you must however, be able to demonstrate an ability to negotiate sales, build relationships with colleagues and clients, and deliver exceptional levels of customer service.

The position would ideally suit an experienced sales person who is a well organised and an excellent communicator with a good working knowledge of the local area.

The role will include:

Making the most of every letting enquiry. Arranging and conducting viewings in the Greater Nottingham area. Negotiating lets with prospective tenants and liaising with landlords.

Key Requirements

Confident outgoing personality

Exceptional communication skills

Proven sales ability

Relationship building skills

Integrity

Good keyboard skills, including the use of Microsoft Office (Word, Excel, Outlook)

Flexible working hours (normal hours: 9.00am to 5.30pm with one late start/finish a week (10.30am - 7pm), two late starts/finishes a week during the busier summer period + one in four saturday mornings.

Car ownership (for probationary period) and a full driving licence are essential.

Benefits

Competitive salary and bonus scheme

Company car (after probation period)

On the job training plus support to obtain ARLA qualification

5 weeks paid holiday + your birthday off.

Company mobile phone

Company medical scheme

Company pension

Salary negotiable depending on experience

If you would like to be considered for the position, please send your CV and covering letter describing your previous experience and why you think you are the right person for the job. Or, drop it in to us here at:

GO Property Services Ltd

2B-4B Hucknall Road

Nottingham

NG5 1AB


GO Property Services Ltd sell, let & manage property across Nottinghamshire. The company is independent & this year celebrated our 10 years anniversary. We are ARLA & NAEA licensed, and offer a high quality service that is competitively priced.

The government recently announced it was pulling forward the second stage of its Help to Buy scheme. “The scheme was launched last week, and we believe it will be great help to 1st time buyers that have all but been excluded from home-ownership since the credit crunch in 2008” commented Phil Wardle from GO Property Services.

Even though property sales are beginning to recover, there is still a dearth of first time buyers that traditionally form a sizable part of a healthy housing market. Interest in the scheme is already high, and banks participating in it have reported an increase in appointments from buyers wanting to discuss mortgage applications. It’s anticipated that most of those taking advantage of this scheme will be first time buyers, but it is available to anyone wanting to move up the property ladder as it can be used to purchase properties up to £600,000 in value. However the scheme cannot be used to buy a second home.

Basically, the process of applying for a mortgage will be exactly the same as before, and applicants will still need all the relevant documents to prove eligibility for the loan. The main difference is that a 5% deposit will be sufficient to secure a mortgage at competitive interest rates. Before, buyers with small deposits had been excluded from the market completely, or had been penalised with higher interest rates.

The government’s part in this is to guarantee the mortgage. Anyone interested in Help to Buy should talk to GO Property Services today to see if we can help. It is anticipated that Help to Buy will really come to the fore in the New Year, so we’re particularly interested in speaking to vendors of starter homes who may now find that they could be in a position to sell.

If you’re in the market to buy, or sell, call Phil Wardle at GO Property Services today on 0115 9629770, or email This email address is being protected from spambots. You need JavaScript enabled to view it..

If you are a Nottingham landlord then you will already have heard quite a bit about the introduction of new House in Multiple Occupation (HMO) regulations. The casual bystander would probably assume anything to eliminate rogue landlords would be a good thing, but a closer look makes it easy to see why just about every landlord in the city is against this scheme.
According to the council, the scheme has been introduced to try to improve the quality of the private rental sector (PRS) in Nottingham, in particular for HMOs. The PRS accounts for 23% of homes within the city, and HMOs make up around a quarter of that figure. This is quite a large percentage, and even though the council acknowledges there are many well maintained homes operated by excellent landlords within this sector, it feels some homes are badly managed, have poor amenities and are overcrowded. Instead of tackling the few landlords at fault, it has decided to penalise the law-abiding majority who work hard to provide tenants with decent housing.
Three storey HMOs with more than five tenants have been licensed since 2006, and this new scheme will include most HMOs that are covered under the 2004 Housing Act. It is estimated that the scheme will affect approximately 3,200 HMOs in areas including Arboretum, Lenton, Radford, Hyson Green, Sneinton and The Meadows.
Landlords affected by this scheme are vowing to fight it. The council claimed most people were in favour of it, but dissenters point out that only 650 people responded with their thoughts on the scheme. Landlords will have to pay a one-off fee of nearly £1000 for the scheme which comes into force on 1st January next year, and which is due to run for five years.
It is easy to see why landlords in Nottingham are up in arms about having to pay another fee, not to mention the hassle that will inevitably be involved with the whole process.
Jonathan Detheridge of GO Property Services comments:
“Without wishing to seem too skeptical, this extension to licensing looks far more about raising revenue and employing more bureaucrats than it is about raising housing standards.  Nottingham City Council are inherently anti-landlord and are completely deluded about the sort of people that will want to rent the vacant houses their policies are creating. You have to question the council’s motives when rather than tackle rogue landlords using the powers they already have, the council is instead choosing to concentrate its efforts on introducing yet more lucrative red tape. With rent rises already affecting many households in the city, this further increase will not help”

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    How well do you know your Nottingham legends?  Nottingham is a growing city with a proud heritage and its fair share of famous names that you may or may not be familiar with. We wanted to take READ MORE

  • Selling My Property In Nottingham

    08/07/2020

    Selling Your Rental Property In Nottingham After years of increased bureaucracy, changes to taxation, and local authority licensing, it is perhaps not a surprise that some landlords are taking stock READ MORE

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