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.​

House price growth slows but mortgage war continues

House price growth slows but mortgage war continues

News & Legislation The Guild 8th May 2017

Slowing house prices combined with rock-bottom mortgage rates are making it more affordable for first-time buyers to get on the property ladder. 


Property prices fell by 0.4% last month according to Nationwide’s latest House Price Index, their second monthly decline this year. The building society said that annual house price growth has dipped to 2.6%, the weakest rate since June 2013. The average property price in the UK currently stands at £207,699.

Falling prices could be due to household budgets coming under pressure thanks to higher inflation and slow wage growth, according to Nationwide. However, it predicts that despite lower house prices in March and April, a small increase in house prices of around 2% is likely over the course of 2017 as a whole.  


First-time buyers driving mortgage activity

Separate figures from the Council of Mortgage Lenders (CML) show that despite slowing property prices, mortgage lending was up 19% in March, reaching £21.4 billion, up from £17.9 billion in February.

The Council said that there has been a shift in mortgage lending towards first-time buyers and those looking to remortgage, and away from buy-to-let landlords and home movers. Low mortgage rates along with government housing schemes are helping those trying to purchase their first home. 

The number of first-time buyers over the past 12 months increased to 342,000, more than any other period over the past nine years. 


Mortgage price war drives rates lower

Recent weeks have seen the launch of the some of the lowest mortgage rates ever seen, as lenders battle to attract borrowers.

Deals have become even more competitive thanks to a fall in funding costs for lenders, and due to new providers entering the mortgage market. Swap rates, which are among the factors lenders look at to help them determine their fixed rates, have also fallen, prompting lenders to introduce record low fixed mortgage deals. 

Owning a home has, therefore, become less expensive for homebuyers, while those looking to remortgage may be able to slash the cost of their monthly mortgage payments.

However, the best mortgage deals tend to disappear fast, so homeowners and those looking to buy will need to act quickly if they see a deal they like. 

It’s important to factor in all the associated costs of any mortgage before applying, however, as many of the most competitive deals come with steep arrangement fees. Homebuyers or remortgagors who are unsure which deal is likely to be most cost-effective for them based on their individual circumstances should seek professional advice. 



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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