Written By Em

Em

Em Morley

ScS and We Buy Any House provide tips for saving money on heating bills

Published On: January 15, 2021 at 9:06 am

Author:

Categories: Property News

Tags: ,,

Research from sofa and carpet specialist ScS reveals households have the heating on for an average of 4.7 hours a day during the colder months.

One in three (36%) Brits have had their heating on for more than five hours a day while working from home this winter, ScS reports.

When it comes to cities, those in Glasgow have their heating on for the longest, at 5.4 hours per day. In second place is Nottingham at 5.2 hours per day, and third is Birmingham at 5.1 hours per day.

The UK cities where people keep their heating on the longest on average: 

  1. Glasgow – 5.4 hours  
  2. Nottingham – 5.2 hours  
  3. Birmingham – 5.1 hours  
  4. Sheffield – 5.0 hours  
  5. Leeds – 4.9 hours  
  6. Liverpool – 4.9 hours  
  7. London – 4.9 hours  

The top five cities where people keep their heating on for 12+ hours a day on average:

  1. Glasgow (12%) 
  2. Nottingham (10%) 
  3. Sheffield (10%) 
  4. Cardiff (9%) 
  5. Birmingham (8%) 

More than one in ten (13%) Brits have their heating at 25 degrees or above. Although they don’t leave the heating on for long each day, 11% of those from Belfast keep their thermostat at 25 degrees. If homes are well insulated, ScS says, turning the heating up high for a short amount of time might be a good way to heat up homes for less.  

The regions where people leave their heating on the longest do so at a lower temperature. One in four in Birmingham (25%), Sheffield (25%), and Liverpool (24%) set their thermostat to 18 degrees or lower.

saving money on heating bills
ScS and We Buy Any House provides tips for saving money on heating bills

To help Brits save money whilst staying warm this winter, ScS has teamed up with Holly Herbert, Head of Content at webuyanyhouse.co.uk, to create some top tips for saving money on heating bills: 

Don’t heat empty space 

Holly says: “Don’t bother heating rooms that are empty, such as hallways or unused spare rooms. Instead, turn the radiators off and close the doors. Doing so can cut your bill by a third depending on how many rooms you’re not using. 

Fluffy flooring 

“Using mats and rugs for floors that aren’t carpeted will help heat cold floors for less than underfloor heating and make you feel warmer, so you don’t feel the need to crank up the heating,” Holly adds. 

Window warmers 

“Thick curtains are also a great way to keep the heat in your home. Opt for those marked thermal and make sure you keep these closed to avoid drafts coming in and encouraging you to have the heating on higher, saving around 10% off your bill,” advises Holly.  

Furniture placement  

“Make sure your bed is closer to the radiator than the window (not too close or it will trap the heat), to help you feel warmer while you sleep. Similarly, ensure your sofa isn’t too close to the radiator as this will absorb the heat and the room won’t feel the benefit. In general, keep all furniture six inches away from the radiators to allow the heat to flow around the room more efficiently, saving up to 10% on bills. Keeping sofas and chairs away from external walls will also help you feel warmer while relaxing,” says Holly. 

Dale Gillespie, Head of Acquisition at ScS, comments: “Though many put off turning the heating on until temperatures drop really low, it’s surprising to see how many people leave it on for most of the day.

“We were surprised to see such a difference in behaviours across the UK with some cities preferring to heat their homes in short blasts but whacking the thermostat high where others heat on low for longer hours. 

“As we’re spending more time at home, it’s amazing how big a difference a little thing like moving your sofa can help to heat up a room and reduce heating bills.”

Property industry responds to eviction ban extension in England and Wales

Published On: January 13, 2021 at 9:11 am

Author:

Categories: Law News

Tags: ,,,

Communities Secretary Robert Jenrick has announced extra support to help protect rough sleepers and renters from the effects of COVID-19. This includes:

  • An extension to the ban on bailiff-enforced evictions
  • Extra support for rough sleepers looking for housing across all councils in England
  • Confirmation of court support  for landlords and renters, as well as the launch of a new mediation pilot

Neil Cobbold, Chief Sales Officer at PayProp, comments: “It comes as no surprise to see the evictions ban in England and Wales extended, following news of an extension in Scotland earlier this month.

“An extension to the evictions ban does little to change the current situation, with existing rules stating that no enforcement action can take place in England until January 25th.

“Although the ban will be reviewed in late February, it could well be extended further – particularly if the tightest COVID-19 restrictions are still in place.

“A further ban on evictions prevents landlords from removing tenants during a challenging period – and landlords with tenants in serious arrears will be disappointed to see their repossession options limited again with little to no financial support to cover their lost income. 

“However, eviction action is only being deferred. As well as antisocial behaviour or domestic violence, landlords can now seek eviction when arrears total more than six months’ rent – an amount that now includes arrears that have built up since the beginning of the first lockdown.

“Letting agencies can help landlords navigate the latest evictions ban by making them aware of the new rules, helping them to organise affordable repayment plans and keeping a digital record of all payments to assist with future eviction cases and providing them with access to a dedicated evictions specialist as a last resort for when the ban is lifted.”

Alicia Kennedy, Director of Generation Rent, has said: “The government is right to extend the ban on bailiff enforcement for the duration of the lockdown. But it is disappointing they have not committed to a full eviction ban as they did in March last year.

“Landlords can still serve notice and courts continue to hear cases, putting pressure on renters to move out before the bailiffs arrive, putting their health at risk.

“The Housing Secretary pledged that no one who lost income as a result of the pandemic would lose their home, but half a million households have fallen behind on rent since March and without further support, they will get deeper into debt and face homelessness. To keep renters in their homes for the long term, the government needs a plan to help them afford rent and clear their debts.”

End of 2020 saw house prices at record high, Halifax House Price Index shows

Published On: January 12, 2021 at 9:34 am

Author:

Categories: Property News

Tags: ,,,,

The latest Halifax House Price Index has been released, showing data from December. The key findings of the report highlight:

  • On a monthly basis, house prices in December were 0.2% higher than in November
  • In the latest quarter (October to December) house prices were 2.6% higher than in the preceding three months (July to September)
  • House prices in December were 6.0% higher than in the same month a year earlier

Read the full report here: www.halifax.co.uk/assets/pdf/december-2020-house-price-index.pdf.

Lucy Pendleton, property expert at independent estate agent James Pendleton, comments: “This market seems to be able to hurdle anything and, though the annual growth rate has cooled slightly, it still continues to plough a low-Earth orbit.

“It must be beginning to dawn on the Chancellor that the stamp duty tax break was completely unnecessary. Any sensible estate agent is hoping the market puts on the brakes before we end up in bubble territory. A housing market has to take the economy with it ultimately, and the threat to the labour market in the second quarter of this year is a major concern.

“The simple truth is that extra space has become non-negotiable for legions of homeowners with families, and the usual winter slowdown has met the immovable force that is hundreds of thousands of people all trying to jump to larger properties at the same time.

“It’s right about now that vendors begin to think of their homes as piggy banks once again, even if agents on the ground are seeing more homes fall short of asking prices. This only leads to tears later on when the chasing pack forces valuations back to a more sensible level, and there are indications in London that this is already beginning to happen.”

Nicky Stevenson, Managing Director at national estate agent group Fine & Country, comments: “Buyers forced to re-evaluate their living arrangements have delivered a market with endless momentum that now threatens to course right through to the spring. It’s very unusual to reach a record high in December, when buyers usually use the winter to pause their house hunting.

“This time around, buyers have remained steadfast and this underlines the fact that the race for more space is no passing fashion. It looks set to be a seismic shift in priorities that could last a generation and a third national lockdown is only going to solidify that trend.

“People have long memories when it comes to the traumas inflicted in situations like this. Room to spread out is now putting other so-called essentials in the shade and forcing compromises over things that would once have been deemed priorities like en-suites and out-buildings.

“This is forcing buyers to focus on a much longer time horizon that allows them to mentally set aside headaches like Brexit, the pandemic, and the end of government support measures.

“The more time passes, the more apparent it becomes that the desire for a larger home is trumping the stamp duty tax break in buyers’ eyes, as it becomes increasingly unlikely that transactions will complete in time to benefit.”

Uswitch researches the mouldiest cities in the UK

Published On: January 11, 2021 at 9:16 am

Author:

Categories: Property News

Tags: ,

With winter bringing colder temperatures to the UK, Uswitch held a survey to determine which areas have the most mould issues in their homes at this time of year.

Overall, 62.5% of respondents revealed that they’ve experienced an issue with mould. 64% of these people were tenants in privately rented, council, or student accommodation.

Two thirds of Brits believe getting rid of mould is solely the landlord’s responsibility. Two out of five tenants claimed they wouldn’t clean mould themselves.

Uswitch gathered the following statistics from those who have experienced issues with mould:

  • 40% stated that they dried their clothes indoors
  • 21% had furniture placed directly against walls
  • 22% leave the kitchen or bathroom door open when cooking or showering
  • 12% admitted to having a cluttered home
  • 11% confessed to keeping the shower curtain folded when wet
  • 6% leave spillages

Uswitch has listed which cities had the highest prevalence of mould:

Sarah Broomfield, energy expert at Uswitch, comments on the financial struggles of paying for heating: “It’s unacceptable that so many struggle to pay their heating bills. Those avoiding putting their heating on in fear of unaffordable costs may inadvertently contribute to the growth of mould in their home.

“With the findings that the majority of those who experience mould are tenants, it’s advisable that they contact their landlord to come to an agreement on how to tackle it. Tenants should also be aware that if they pay the heating bills themselves, they have the right to switch energy suppliers to find a cheaper deal.

“Whether you’re a homeowner or tenant, if you find you’re struggling to pay your energy bills, there’s plenty of help out there — from government grants to supplier support.”

Top UK buy-to-let hotspot for 2021 predictions from Fabrik Invest

Published On: January 8, 2021 at 9:35 am

Author:

Categories: Landlord News,Property News

Tags: ,,

With the English Housing Survey 2019 to 2020 confirming that the private rental sector (PRS) continues to house 19% of England’s households, property investment company Fabrik Invest predicts a strong year for buy-to-let.

As such, the company has put together its list of top UK buy-to-let hotspots for 2021:

Manchester

Fabrik Invest states that Manchester tops the table as a result of its rapidly rising property prices and rents and strong long-term prospects.

Preston

Regeneration schemes are also at the heart of the city of Preston’s appeal, the company analyses.

York

They predict that the Yorkshire and the Humber region will outperform the UK average for house price rises over the coming five years, while the city’s tourism sector will also come into play.

Birmingham

Fabrik Invest comments that Birmingham is another destination that warrants keen attention, thanks to its shortfall of over 30,000 homes by 2031. In particular, the city’s most fashionable location – the Jewellery Quarter – will deliver some exciting investment opportunities this year.

Chatham

Their final UK buy-to-let hotspot prediction is Chatham, due to a combination of substantial local regeneration, swift train journeys into central London, and a rapidly growing population.

The company also believes that the upcoming Stamp Duty holiday deadline will increase competition in the buy-to-let market. Dale Anderson, Managing Director of Fabrik Invest, comments: “The Stamp Duty deadline, Brexit and COVID are going to create some interesting conditions for the UK’s property investment market in 2021. 

“Underpinning all of these is the country’s continued shortfall of housing supply, which creates an inviting marketplace for investors looking to pick up rental properties this year.”

Currency fluctuations as a result of Brexit might also result in some significant overseas interest in UK property investment. Anderson comments: “If the pound falls as a result of the UK parting ways with the EU, we’re likely to see a surge in investment from overseas buyers looking to take advantage of suddenly being able to get more for their money.

“The UK remains a preferred investment destination for buyers from a wide range of other countries, many of whom will be keeping a close watch on exchange rates throughout 2021.”

Home renovations that can increase or decrease the value of your property

Published On: January 7, 2021 at 9:34 am

Author:

Categories: Property News

Tags: ,

Online estate agent Strike has researched property buyer trends to determine which home renovations can be beneficial or harmful to the value of your home.

The agent highlights a recent study suggesting that Brits spend £83bn pounds on home upgrades each year. As renovations can be costly, you might want to consider whether it’s worth the upgrade.

Jonathan Magill, UK Network Director for Strike, has released the following tips on which renovations can boost the value of your home and which might reduce it:

Five beneficial home renovations

1. Accentuate period features – potential added value: Up to 10%

While some house hunters prefer a more timeless home, many buyers are willing to pay more for period features that make the house stand out. These could range from small things like skirting boards and architraves to bigger features, such as sash windows or an original fireplace.

In many homes, previous owners may have covered up original features – beautiful Victorian tiles or wood flooring hiding underneath carpets, for example – so, see what your house has to offer and make the most of it. From repairing old cornices and mouldings to restoring beams or timber panelling, take advantage of the hidden treasures in your house.

2. Upgrade the kitchen – potential added value: Up to 20%

Remodelling the kitchen will generally be a smart investment, but if you are just upgrading to sell, there’s no need to go for top-of-the-range. Any new kitchen will still look impressive and give that ‘wow’ factor your buyers are looking for. In fact, even smaller changes — such as just changing the worktops and cupboards — can also bring a healthy boost to the house’s financial worth.

3. Add natural light – potential added value: Up to 8%

One feature that is much more in demand post-COVID is natural light. While glass bifold doors and skylights were already popular in homes pre-pandemic, now more than ever, installing means of natural light in the home can add value. It makes rooms feel brighter and more spacious, which is a definite win.

4. Convert the loft into workspace – potential added value: Up to 15%

For many, working from home is here to stay — and a lot of buyers would like to have the option of a dedicated office space. It may be that you have a spare bedroom but a loft conversion can easily double as a home office. Even taking advantage of an unused nook or cranny by adding a desk can help show your home’s potential.

5. Update the bathroom or add an ensuite – potential added value: Up to 5%

Remodelling will make your house more attractive to buyers, but it isn’t essential if your bathroom is already in a good state. Installing an en-suite, however, is a great way to add value to the home, as demand for the built-in bathrooms is evergreen.

Three home renovations that are more trouble than they’re worth

1. Converting a garage – potential loss: £7,500

While converting the garage into a living area might be a tempting way to increase space in the home, doing so purely to boost property value is misguided. Many people value the garage as storage space for rarely used items or bulky appliances, such as a second fridge. And, of course, a lot of people, especially households with multiple cars, need the garage for its traditional purpose of parking. It’s probably best to let buyers make up their own minds about what to do with this space.

2. Upgrading the utilities – potential loss: £15,000

Whether it’s installing new plumbing, upgrading the boiler or updating the electrical wiring, keeping on top of utility improvements is important for any home. However, these renovations are considered house maintenance, rather than a value-adding upgrade. 

Of course, making sure your home systems are in good condition is essential to getting a good price. But they don’t have to be state of the art — if they are already in fine nick, upgrading your utilities just to say that you have isn’t likely to add much value.

3. Quickly dated décor – potential loss: £5,000

While installing current interior trends in your home can definitely make it look stylish, it probably won’t end up making you much more money when you sell. 

Rose gold furnishings and quirky tiles might be trendy, but they might not be to the taste of all buyers — so investing in them to make your home more attractive can misfire. Additionally, even if the trends are to the buyers’ tastes, interior fashions don’t last long. People who are planning to live in your home long-term will be thinking of the future.

Instead of investing in trendy interior updates when redecorating to sell, keep it minimal. This is helpful for buyers as it allows them to more easily imagine what they would like to do with the place, and it saves you money too.

Jonathan Magill adds: “Of course, every seller wants to get the best price for their home, so investing in certain renovations is essential to boosting your asking price. But before you rush in to make changes, make sure you take the time to consider what the effect will be on your house value and if the update is worth it for you financially.”