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.​

What do I need to do to do before I apply for a mortgage?

What do I need to do to do before I apply for a mortgage?

Selling GPEA News 11th September 2015

With the tougher mortgage rules in place since 2014 getting a mortgage perhaps seems to be a more complex process than ever.

Lenders are focused on establishing that a mortgage will be affordable for the borrower, not only now but also in the future.  As a result they will ask questions not only about your level of income but also about your outgoings.

That will include expenditure on other credit commitments like loans and credit cards but will also look at other items like regular travel costs, utilities and childcare.  This helps the lender calculate how much you can borrow so it makes sense to sit down and map out your monthly budget.

This will mean that you have all the figures to hand and help you to gauge the amount you might be able to borrow more accurately. It might also help you see where you might be able to make savings.

You will also need to be able to prove your income to the lender, so be prepared to come up with plenty of paperwork to back up your application.  They might typically require payslips, accounts for the self employed, P60 plus bank statements, proof of address and ID as well.  It’s not possible to predict everything a lender may request but gathering together what you can in preparation could help the process run more smoothly and quickly.

If you have any concerns about your credit history, either because of a possible blip in the past or because you have been previously declined, then you can get a copy of your credit record.  This could help identify any issues and if there are errors then you can get those rectified before you make an application.

It’s important to remember that just because you can’t meet one lender’s criteria that another will not be able to help.  Shopping around can help match your circumstances to the right lender as well as help identify better rates.

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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