Aldreds Property Management and Lettings goes from strength to strength.
A great achievement by David, Susie and the team in Aldreds Lettings who have more properties let and managed for clients now than at any time.
This bucks the trend where due to the changing landscape many landlords have been exiting the market and estate agents have been noticing their properties under management falling.
Much of this success has been achieved by taking over managed and let properties from other agents whose services and charges have fallen short of the landlord’s expectations.
If you are thinking of letting a property or have a let property you would like to talk to us about managing call David McMaster today on 01493 849111 or This email address is being protected from spambots. You need JavaScript enabled to view it.
Corporate Letting Agents Fees – Beware!
With the strong possibility of more investor landlords leaving the Private Sector Rental market than entering, many letting agents, especially the National corporate chains, will look to squeeze landlords even harder in order to maintain income levels. Most agents already add a fee of anything between 10% - 20% on top of all repairs and maintenance and the majority of their landlords are unaware as this is buried in the small print. Some of these agents charge for absolutely everything other than the standard management, reading from one local corporate agents fees ‘menu’ they charge for all sorts of things that are core to providing a good service, such as lodging the deposit, tenancy extension and rent review, copies of rent statements, arranging re-decoration, service of notice, dealing with deposit disputes, charge should a landlord want to use their own tenancy agreement, additional fee for Right to Rent checks, tenancy agreement amendments at the start of the tenancy, amendments to the inventory to name but a few. We at Aldreds feel that these charges are un-necessary (and we do not charge for any of those items) and should be an integral part of an honest and transparent service to our clients. If you are choosing an agent or looking to move agents, take time to read the small print and chose an agent that views you as a valued client and not a ‘cash-cow’
December Performer(s) of the Month!
We have two 'Performers of the Month' for December. Susie and Michelle in our Letting and Property Management Department. Working two team members down due to illness in December, over Christmas and early January they really worked hard and pulled out the stops to get tenants moved and make sure landlords got the service they expect from us.
Aldreds Christmas Opening Hours
Monday 23rd December open 9am till 12noon
Friday 27th December open 9am to 4pm
Saturday 28th December open usual hours
Monday 30th December open 9am to 4pm
Reopen usual hours Thursday 2nd January 2025!
Merry Christmas and a Happy New Year!
New Starter in Gorleston Office
We are delighted to welcome Kyle Robinson to our Gorleston office. Kyle has worked in the fitness and tax advice industry but has decided to follow in family footsteps and get in to property!
You had a great first day yesterday Kyle and I am know you have a bright future with Aldreds!
New Face in Gorleston Office!
Delighted to welcome Danny Wright to our team. Danny will be carrying out sales appraisals primarily in our Gorleston office!
Danny has previously worked for another local agent and has a vast experience of valuing and selling properties in the Greater Great Yarmouth area.
If you are thinking of selling in NR31 either now or in 2025 call us today! 01493 664600!
Renters Rights Bill – be prepared
As a key part of Labour’s manifesto, there is a clear political desire for this bill to progress to law without undue delay. We believe this will complete its journey through parliament and receive Royal Assent by summer 2025. Once the bill is law landlords will be unable to commence any legal action against tenants until they are at least 3 months in rent arrears. Then a Section 8 notice would be served and a potentially very long wait for the case to go through an overstretched court system. So, that is the bad news, what can landlords do to protect themselves? Firstly, it may seem draconian, but if tenants have a bad payment history or are already in arrears then action should be taken before the new act comes into force. Waiting and hoping things will improve is never the best course of action. Finally, we strongly recommend the protection a rent and legal policy provides if the worst happens. Please see our recommended insurance providers range of cover at https://www.aldreds.co.uk/landlord-tenant-insurance
Christmas, Boxing Day and The New Year!
It is inevitable that the housing market slows through November and into December. Some people’s minds move to the festive period, and they postpone their house hunting plans until the grim reality of January arrives!
However, house sales are agreed all year around! There will be sales done in December, houses will come for sale and viewers will be there. Ready to sell in December? Get the property listed!
There will also be a small amount of activity between Christmas and New Year although beware of any agent talking about Boxing Day being a great day to list your house! It isn’t. In the week after Boxing Day last year only four sales were agreed in the NR31 postcode as an example. In a usual week this will be around 20-30!
Even if you aren’t looking to launch your property for sale till the new year, it is still a very good idea to get valuations done and marketing prepared now to hit the ground running early January to capitalise on the New Year bounce. We would be delighted to come to see you to advise on this.
Thinking of selling – Call us today to discuss!
Stamp duty changes 1st April 2025!
It was announced in the Chancellors recent budget that stamp duty will return to the rates before Liz Truss mini budget of September 2022.
This will add £2500 tax to purchases for none first time buyers buying over £250,000. First time buyers will be exempt up to £300,000. The rates from 1st April 2025 are below
0% up to £125,000
2% above £125,000 and up to £250,000
5% above £250,000 and up to £925,000
10% above £925,000 and up to £1,500,000
12% above £1,500,000
The good news is there is still time to beat this rise! If you are thinking of selling now or in the new year call us today to discuss your options.
Gorleston High Street Christmas Lights!
Our Gorleston Office is supporting the High Street lights switch on by displaying one of Jackson Harmer's fantastic skateboards for the kid’s 'Elf Trail'. Should be a great event on the 17th November and we look forward to seeing you all there!
