Haven Rotary Club Annual Charity Duck Race!
Is taking place on 7th September at Great Yarmouth Waterways! Always great fun and keep an eye out for the eye catching Aldreds duck Aldreberry!
Interest rates held by The Bank of England
The monetary policy committee have announced that the base rate of interest will be held at 4.25%, however, even though inflation is a concern they have hinted towards a downward trend in future months.
Many commentators were hinting towards and even expecting the base rate to fall to or below 3.5% by the end of the year. Time will tell
British Property Award Winners!
Did you hear? We Won!!
Absolutely delighted to announce that our Great Yarmouth and Gorleston offices have won the acclaimed Gold Award in The British Property Awards.
Announced and presented after a thorough assessment and mystery shopping process!
Director Dan Crawley said 'We are delighted to win such a prestigious award which recognises the fantastic and hard work of all our team in NR29, NR30 and NR31. It is great to be recognised for the diligent and hard work we do on behalf of customers and clients'
Selective Licencing is coming back
Great Yarmouth Borough Council have decided that selective licencing should be reinstated and expanded over a wider area.
The proposed area would cover the majority of Great Yarmouth and will bring additional costs for Landlords (licence fee to be in excess of £700) and additional responsibilities with no tangible benefit.
Many landlords would certainly look at the last incarnation of licencing scheme and question the success of the outcomes it set out to achieve.
Within the industry many are looking at this and wondering how many more straws can local and national government add to landlords backs. This, if actioned, would come into force shortly after the Renters Rights Act becomes law. Landlords will then start to prepare for tax changes in 2028 and EPC changes in 2030. Only time will tell how many landlords decide to sell up and invest elsewhere.
The council are going through a consultation process, therefore any landlord has the right to their say on this matter, please see https://have-your-say.great-yarmouth.gov.uk/selective-licensing-consultation .
High loan-to-value lending hits highest level since 2008
Statistics from the Bank of England indicate that high loan to value lending is at highest levels since early 2008 just before the banking crisis and credit crunch.
With gently falling interest rates, this is another indicator that the housing market is going to be moving forward through 2025 into 2026 as buyer confidence and ability to buy improves.
This coupled with the positive news from the property websites reporting increased activity and sales numbers, points towards increasing activity and sales in the second half of this year.
Reasons to be very optimistic!
Thinking of moving in 2025 – call your local Aldreds branch today
