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.​

Buy to Let Punchbowl

Buy to Let Punchbowl

Selling GPEA News 14th December 2015

The Buy to Let Punchbowl

Buy to Let lending seems to be back at the top of everyone’s agenda again. Recent figures from the Council of Mortgage Lenders suggest buy to let has been one of the key drivers of the market recovery since the credit crunch, and claim it accounts for an astonishing “more than 70% of the overall growth in mortgage balances outstanding” in the last five years 

Certainly lenders seem keen to get in on the action, be it new entrants such as specialist Fleet Mortgages or Indian giants Axis Bank and State Bank of India, challengers like TSB and Metro Bank coming into the sector or established names like Santander, Natwest, Virgin Money and Leeds BS substantially improving their offering.

More new lenders are said to be on the horizon and competition is increasing all the time. Even the big specialists Birmingham Midshires (part of Lloyds group) and The Mortgage Works (Nationwide) have upped their respective games and most recently Paragon subsidiary Mortgage Trust slashed rates by as much as 0.60%.

Why is buy to let booming so much? Ever since the credit crunch lenders recognised there was low risk business to be had in this sector, with better returns than they could get from homeowners.

At the same time, restrictions first on availability of loans for first time buyers, and more recently in affordability assessments, along with continued undersupply of new homes, have made for a thriving rental market – giving confidence to landlords and lenders alike.

With that backdrop, it’s little surprise that the Bank of England and Treasury have been watching the buy to let sector closely. The Bank’s Financial Policy Committee – charged with monitoring the stability of the economy and  where possible heading off potential threats – has been raising the topic for quite some time.

At a recent session of the Treasury Select Committee, Chancellor George Osborne signalled the Bank of England would likely be given powers to intervene in the buy to let market. While there’s no guarantee any intervention would immediately follow, the direction of travel seems clear.

So it looks like buy to let is at something of a crossroads and it could be we’re seeing the last hoorah for a while, before the brakes are gently applied. Or, to borrow the former BoE Governor Mervyn King’s metaphor, the punchbowl can’t be topped up that much further before it gets taken away.

 

Guild Mortgage Service, Provided by London & Country Mortgages

 

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

 

Most Buy-to-let mortgages are not regulated by the FCA

Residential Sales
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3 Church Street, Falmouth
Cornwall, TR11 3DN

Property Letting & Management
01326 374850

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

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01326 374850

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

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