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.​

Economic News - November 2015

Economic News - November 2015

Selling GPEA News 14th December 2015

ECONOMIC NEWS FOR NOVEMBER 2015

At the beginning of November, the Bank of England’s Monetary Policy Committee voted by eight to one to maintain interest rates at 0.5 per cent. The Bank also signalled that a hike in interest rates has now slipped back until at least the latter months of 2016. At the same time, the Bank produced its quarterly inflation report in which its inflation and growth forecasts were cut.

In the wake of that, The Office for National Statistics (ONS) reported that the UK’s inflation, as measured by the Consumer Prices Index, remained at minus 0.1 per cent in October, which marks the first time that it has fallen on an annual basis for two months in a row since it was created in 1997. The Retail Prices Index, which includes housing costs, fell to 0.7 per cent from 0.8 per cent in September and is the lowest RPI rate since November 2009.

At the end of the month, the ONS confirmed that the UK economy grew by 0.5 per cent between July and September. Although this was a drop from the 0.7 per cent increase experienced in the preceding quarter, it still marked the eleventh consecutive quarter of growth. The slowdown is largely blamed on a widening trade gap and a contraction in construction output of 2.2 per cent.

November closed with The Chancellor’s Autumn Statement, which announced that buy-to-let landlords and people buying second homes will have to pay a 3 per cent surcharge on each stamp duty band from April 2016. The Statement also included an extended Help to Buy scheme in London, which will see buyers who can find a five per cent deposit given a loan worth up to 40 per cent of the property; elsewhere the existing maximum loan is for 20 per cent of the property’s value.

The Statement also reported that the Government is putting £6.9 billion into housing, which includes an extra £2.3 billion in loans for the Government Starter Homes programme and £4 billion lent to housing associations and local authorities to build more homes for shared ownership. The Government also announced a pilot scheme to trial the Government’s Right-to-Buy programme for housing association tenants.

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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