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.​

Tracker Rates

Tracker Rates

Selling GPEA 25th May 2016

Tracker mortgages

Until recently, financial commentators had predicted that the UK was likely to see an increase in the Bank of England Base Rate this year. A combination of factors however (including weaker economic growth and some turbulent activity in the stock market) has resulted in a re-evaluation of the forecast, and expectations for the first hike have now been pushed back out.

This has provided some scope for fixed rate mortgages to come down a little further. For those that feel rates will stay low, or are looking for a greater degree of flexibility, it could also lead to more interest in tracker mortgages. 

A tracker mortgage is a type of variable rate that follow the movements of another rate (usually the Bank of England Base Rate), typically for an initial period of 2-3 years, or even for the lifetime of the mortgage. The variable nature of the payable interest rate also means that monthly payments can go up and down, so it is not suitable for everyone. 

Some analysts have even raised the question of a potential cut in the Bank of England Base Rate, but over recent years several lenders have applied a collar to their variable deals, so borrowers need to be aware that their payments might not fall if rates do come down any further.

Our client contacted the mortgage service for the Guild of Professional Estate Agents looking for advice when purchasing a new family home. Feeling that interest rates were unlikely to increase significantly over the next couple of years, but comfortable that he could afford the monthly payments if they did begin to rise, the client was interested in the most cost-effective tracker mortgage. 

In addition to a competitive rate, flexibility was key, as the client intended to pay a lump sum off the mortgage in approximately 12 months time. After discussing these requirements, his mortgage adviser recommended a 2 year tracker deal with a major high street lender, which had no Early Repayment Charges at any time. This meant no restrictions on overpayments, and the freedom to move to a new deal if the client’s circumstances changed or rates began to increase.


Guild Mortgage Service, Provided by London & Country Mortgages


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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