Scrapping of section 21 delayed
So called ‘no fault evictions’ known formally as ‘section 21’ are a very controversial part of private letting.
They allow landlords to give tenants notice to leave the property without having to give a reason. This is usually as they want to sell or live there themselves, however, section 21 has also been used by some landlords to threaten or bully tenants who complain about conditions or rent increases.
The government have been promising to end section 21 since 2019. However, this has now been pushed back further whilst changes and improvements to the court system are accelerated.
Reasons to be positive!
The mini budget of late September 2022 is now over a year ago. I was in holiday in Turkey at the time! It didn’t ruin my holiday, but it did make me fearful of what I would arrive back at my desk to in both the short, medium, and long term.
The short term wasn’t too bad. The fact that interest rates had risen meant that many buyers wanted to see their purchases through to keep the low fixed rates they had been offered rather than pulling out due to the uncertainty created.
The medium term…well by the time I was back at my desk it was October and October 2022 in terms of new sales agreed at Aldreds was ‘OK’. We exceeded by one sale our target for the month. We expected November and December to be slow and they were.
The long term has been more challenging with 2023 so far being a year where the volume of sales has fallen back to levels seen about a decade ago. However, looking at October 2023 against October 2022 there are reasons to be positive. We have a very strong Gorleston Office that covers most of the NR31 postcode. In the first 16 days of October 2022 31 sales were agreed in the NR31 postcode. So far this month there has been 38 sales agreed. An approx. 20% increase. OK this is a small window, but it shows that things may have very much found a level.
In the words of Winston Churchill after the battle of El Alamein – This isn’t the end, it isn’t the beginning of the end, but it may be the end of the beginning!
We are always delighted to support the super guys at Circus Starr!
We have again sponsored a child and carer to attend this marvellous event!
If you aren't familiar with Circus Starr in their own words 'We bring all the fun of the circus to children of families who may have found this difficult in the past'.
A fantastic thing to support if we may say so ourselves!
Opportunity in our lettings department!
Are you an outstanding individual in lettings? Or are you already an accomplished sales lister looking for your next step?
We are hiring!
Aldreds are looking for a branch manager/associate director to head up our lettings and property management department. Based in Great Yarmouth office but covering a wide area with a fantastic established team to work with you.
We already have a large portfolio under management but want to grow by utilising the traction that our sales offices give us.
The Lettings and Property Management Team
On the ground floor in our Great Yarmouth office, you will find our lettings and property management department.
With over 100 years experience between them Susie, Sue, Michelle, Steph, Claire and Vicky assist our clients with all aspects of residential property letting and management.
Fully managed is our most popular service that does exactly what it says on the tin! We advertise the property, find the tenant, do all the checks and help the tenant with the application. We then move the tenant in, take care of logging the deposit and start collecting the rent whilst at all times making sure all statutory requirements such as right to rent checks and gas certificates are taken care of. When the tenant leaves we check them out, take care of the inventory and re advertise!
We also offer a ‘Let only’ service. Where we find the tenant and look after the process until they have moved in then it is over to you!