Current Statistics ►

From 1st April, all new rental leases and renewals of tenancies will be required to have an energy performance rating of at least E on an Energy Performance Certificate (EPC). For existing tenancies, the regulations come into force on 1st April 2020.

We wondered how much tenants are prepared to pay for energy efficiency. Properties across England and Wales let in 2017 with an energy performance rating of E achieved 3.1% more per square foot than properties let with an F or G rating. On an 800 square foot property, this equates to an average of £360 per year.

The majority of landlords are well prepared, but we calculate that around 7% of properties let in 2017 still need to be brought up to the standard required. Best prepared are London landlords where just 4.9% of properties let last year were lower than an E rating, while in the South West more than 10% of properties did not meet the standard.

At the top of the scale, properties with an A or B rating achieved, on average, 31% more per square foot than F and G rated properties in 2017. On an 800 square foot property, this equates to an average premium of £3,600 per year.

January 2018

December 2017

 

 

We would like to take this opportunity to thank you

for your continued support which has made 2017

such a successful year

and we look forward to working with you

in 2018 and beyond. 

 

 

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This year we have been supporting Christmas Jumper Day in aid of Save the Children UK. Every one has been getting into the swing of things with some festive cheer at both our offices in Falmouth and Penryn, raising a total of £64.70. Not bad for a small team - Well done everyone!

September 2017

After months of hard work, our new website finally went live over the weekend and is looking fantastic! Why not have a good look around and see what amazing new features and information are included. 

www.heather-lay.co.uk


Natalie took part in the Cancer Research Race for Life Pretty Muddy on Sunday 3rd September. It was "pretty muddy" due to the Cornish Autumn weather, but a brilliant time was had by all and Natalie raised a fantastic total of £183.00 for Cancer Research!

August 2017

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Our new banner has arrived today ready for tonight, and it looks great!! We are proudly sponsoring the Pink Wig event which is part of Falmouth Week and raises funds for vital research projects, the best care for breast cancer patients in Cornwall and a safer future for the next generation.​

Interest Rates to Climb...at some point

Interest Rates to Climb...at some point

Selling GPEA News 11th September 2015

The hot topic of the moment is once again when will Base Rate start to rise.  That was stoked up initially by the comments by The Governor of the Bank of England that the need to consider an increase would come into “sharper relief” around the turn of the year.

The August meeting of the Monetary Policy Committee saw one member vote for a rise of 0.25%, although that was heavily outweighed by the eight that preferred to once again hold the rate at its current record low.

Although there may not be an imminent change to the Base Rate it underlines once again that the current ultra low rate of 0.50% cannot stay that low forever.  Even though most expect that any change will not be forthcoming until next year mortgage borrowers should still be considering their options now.

As expectation of a rate move heightens the funding cost for lenders is lifting and we have already seen some fixed rate deals edging up as a result.  Although the market remains extremely competitive, which helps to keep rates attractive, lenders can only deal with higher costs for so long.

Some major lenders have increased some of their fixed rates already and some of the very lowest fixed deals have gone.  Borrowers that fail to take action until the Base Rate has risen should expect to find that the lowest fixed rates will have already gone.

There’s no need for panic just yet as rates are still very competitive and the Governor has again emphasised that even when rates do start to rise it will be a gradual increase rather than rocketing costs.  Nonetheless, anyone that is considering the benefits of locking into a fixed rate may want to review their options now.

Residential Sales
01326 319 767

3 Church Street, Falmouth
Cornwall, TR11 3DN

Property Letting & Management
01326 374850

Swingbridge House, Anchor Quay,
Penryn, Cornwall TR10 8GU

Land & New Homes
01326 374850

Swingbridge House, Anchor Quay,
Penryn, Cornwall, TR10 8GU

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