Category Tenants

NOW OPEN – Taylor Hill & Bond Havant branch…

Taylor Hill & Bond’s newest branch in Havant town centre is now open for business! Occupying a prominent location directly on the high street just a short walk from the train station this new branch has launched with an exciting team of experienced property professionals who are ready to deliver an exceptional service for local buyers and sellers. 

The Havant branch further strengthens Taylor Hill & Bond’s offering in the east of Hampshire and is headed up by Neil Fowler the Branch Manager who has in excess of 20 years experience working within the property industry and has become renowned in the local area for delivering a customer focused and highly professional service. Further complimenting the team is our Senior Negotiator Robin Hercock who is a real customer favourite and can always be seen to go the extra mile for his clients. Accompanying Robin in the sales team is Harry Beggs; a new addition to the team who is already making a positive impact with his energy, enthusiasm and customer focused approach. 

We are looking forward to seeing the branch grow over the coming weeks and would welcome any local clients to contact the team directly for any property related support that they can provide and can call them directly on 02392 482147.

Priorities are changing for renters…

Priorities have changed for over a quarter of tenants following the pandemic, according to The Property Academy Tenant Survey 2020.

The Survey, based on 14,000 tenants, found that over two thirds of tenants said affordability (68%) and a garden (67%) had become more important than they were pre-lockdown.

With the government encouraging working from home, it is no surprise that 63% of tenants said broadband speed was more important and 61% said space to work from home was more important.

Landlords should consider renters priorities, for example; assisting access to fast broadband, providing office furniture, and assessing rental values could help keep tenants happy. 

Source: Dataloft, Property Academy

Private residential rents are on the increase..

  • ONS reported a 1.5% annual increase in private rents in August. Agents are reporting an increase in tenant demand and positive short-term rent expectations, suggesting that many markets will be insulated from the end of the eviction ban and the furlough scheme.
  • All regions saw an increase in private rents. The South West had the biggest annual increase, 2.5%. Scotland had the smallest annual increase, 0.5% (ONS).
  • 13.1% of leases are set to expire in Q4 2020. Greater London has the highest proportion of tenancies expiring in Q4 2020, 15.3%. Wales has the lowest, 6.6% (Dataloft Rental Market Analytics).
  • 13.1% of leases are set to expire in Q4 2020. Greater London has the highest proportion of tenancies expiring in Q4 2020, 15.3%. Wales has the lowest, 6.6% (Dataloft Rental Market Analytics).
  • With increased tenant demand and subdued landlord instructions, +31% of agents expect an increase in rent over the next 3 months (RICS).

If you would like us to provide a free market rent review for your rental property please contact our Lettings team:

NOW OPEN – Taylor Hill & Bond Andover

Taylor Hill & Bond’s new branch in Andover town centre is now open for business! Occupying a prominent location directly on the high street the new branch has launched with a combination of existing Taylor Hill & Bond staff as well as exciting new hires who are ready to offer their expert help, support and guidance to local residents with their property selling and letting needs.

The Andover branch further strengthens Taylor Hill & Bond’s offering in the west and will compliment our existing branch in the market town of Romsey.

The Andover team has already secured an exciting new homes contract representing Foreman Homes the established regional developer with their new development The Nightingales which is an exclusive new development in Picket Piece, Andover – a mostly residential suburb located less than three miles east of Andover’s town centre.

Please feel free to contact the team directly on: 01264 314419.

Peak season for the rental market…

The rental market is about to enter its busiest time of the year. Analysis from Dataloft Rental Market Analytics reveals that 40% of tenancies are set to expire in July, August and September.

Usually the surge in activity is a combination of students seeking accommodation, graduates starting new jobs and families looking to settle into new homes for the next academic year.

Post lockdown other factors may influence homemovers; more green space, closer to friends and family and a home office.

With 14% of tenancies set to expire in July, 16% in August and 10% in September, agents look set for a busy summer, whether renewals or new tenancies. Source: Dataloft Rental Market Analytics and Dataloft Homemover Survey.

Lettings Market Snapshot for January 2020

We bring you the latest trends in the rental market, with a detailed focus on South Hampshire.

Over the last 12 months, the average rent achieved for properties let in South Hampshire was £888 per month. This is a +4% change on the previous 12 month period.

The rate of annual rental growth across the UK remained unchanged in December at 1.4%. Value growth across London continues, average rents 1.2% higher than a year ago with growth at its strongest level in over 2 years. 

The government has announced an overhaul of the model tenancy contracts, including making it easier for responisble tenants to have a well behaved pet. At present just 7% of tenancies allow a pet, with a survey by the Property Academy finding over one third of tenants (35%) would be prepared to pay a rental premium in order to keep a pet.

Can renting be pet friendly?

40% of UK households own a pet, yet only 7% of landlords advertise homes as suitable for pets. It is no wonder many people struggle to find a pet-friendly home.

Research conducted by the Property Academy found that 35% of all tenants would be willing to pay a premium of £40 per month (£50 in London) for a ‘pet-friendly’ property. This proportion rises to 43% among tenants who are couples.

Housing Secretary Robert Jenrick has called on landlords to make it easier for responsible tenants to have well-behaved pets in their homes, announcing an overhaul of the model tenancy contracts. There should be a clear balance with pet owners not being penalised and landlords being more flexible, yet their properties being protected from damage.

20% of English & 15% of Welsh households are in the private rental sector and this has been increasing. In England and Wales the private rental sector (the proportion of housing stock that is privately-rented) has increased by around 8% from 2013 to 2018, and therefore demand for pet-friendly homes is increasing. Private renters should be able to enjoy the happiness a pet can bring to their lives and hopefully the revised tenancy contracts will help this!

78% of renters in the UK encounter problems during their tenancy

Although we can’t always avoid our tenants encountering problems our experienced lettings team are committed to tackling these issues head on so that both our tenants and landlords can be assured they are in safe hands.

Nearly eight in every ten renters have experienced a problem renting, according to the HomeOwners Alliance 7th annual Homeowner survey, polled by YouGov.

Issues with landlords account for a significant number of problems, with nearly two-fifths of all renters finding it difficult to get their landlord to carry out maintenance and repairs. A third of those who had experienced problems, found their landlord unprofessional.

‘Poor heating and ventilation’ was cited as the second most common problem among tenants. By April 2020, all rental properties will be required to have an EPC rating of ‘E’, to comply with the 2018 ‘Minimum Level of Energy Efficiency’ standard. Just 12% of properties let over the past year have held the top rated EPC rating of A or B.

Following the introduction of the Tenant Fee Bill in England (June) and Wales (September), future editions of the survey should show a significant reduction in problems relating to charges and deposits.

If you are a Landlord or Tenant and would like to find out more about our service please contact our lettings team: