Could you benefit from repaying your mortgage early?
The average homeowner will be 57 before they’re able to fully repay their mortgage, so paying off the debt early is a desirable financial goal.*
If you have any concerns regarding your property-to-let or your property search, please get in touch with your lettings manager on 0208 487 9090.
In-person viewings are now available for our for sale or to let properties. If you are interested in a virtual viewing instead, please contact us and we can arrange a virtual viewing for you with one of our agents: 0208 487 9090.
The Ministry of Housing, Communities and Local Government are advising that movement into new properties should be avoided unless the move is already underway and cannot be delayed. Where rental agreements are coming to an end, an extension of the current tenancy may be a good option at present.
“Given the situation in the UK with regard to the outbreak of coronavirus (COVID-19), we urge parties involved in home moving to adapt and be flexible to alter their usual processes. There is no need to pull out of transactions, but we all need to ensure we are following guidance to stay at home and away from others at all times.”
A full breakdown of the Government advice on selling property at this time can be found here.
The Government confirmed that the legal requirement to obtain an EPC before selling or letting a property remains in place, but that EPC assessments should only be conducted where they can be done safely and in line with guidance relating to Coronavirus.
The Government also announced that landlords can perform and carry out gas safety inspections two months prior to expiry, with the certificate remaining valid for 12 months from the original expiry date (14 months). We recommend taking this opportunity to obtain Gas Safety Certificates, PATs and EPCs while your property is empty. Then, when the industry goes back to normal and the market kicks off, your property is ready for buyers and renters who want to move in quickly. Read the full update here.