Fewer Accidental Landlords in the Private Rented Sector

Figures from the Association of Residential Letting Agents (ARLA) suggests that the number of people letting out properties because they have been unable to sell has dropped to a record low.

Over the last few years the property rentals market saw an upturn in ‘accidental landlords’. This is a landlord not by choice, but rather through circumstance. Perhaps a property they owned was struggling to sell, or perhaps the market value of a property prevented the owner from moving on themselves. Renting out their existing home allowed many people to buy another home without selling their property, or allowed them to keep hold of a second property until such time as the market improved.

Figures from the Association of Residential Letting Agents (ARLA) latest quarterly report however now suggests that the number of people letting out properties because they have been unable to sell has dropped to a record low.

Ian Potter, Managing Director of ARLA, said: “The resurgence of property prices and buyer demand in many areas is reducing the number of so-called ‘accidental landlords’. Despite the reduction of landlords in this situation, wider investment in rental properties remains strong across the market. The shape of the private rented sector is changing once again, with long-term landlords returning to the fore.”

The percentage of letting agents seeing rental property becoming available because it cannot be sold has fallen to 13 per cent. The number has been gradually reducing over the last 4 quarterly reports and at the start of 2009 the figure was an incredible 94 per cent.

ARLA also found 45 per cent of landlords let a property to earn a rental yields int he short term and capital growth in the longer term and 37 per cent also revealed they saw their rental property as a nest egg for the future.

Whether you have a single property or a portfolio you need a team you can trust. Ryder & Dutton’s Lettings Department work to make letting your property as easy and stress free as possible. Our aim is to do the simple things right, maximising your income, lowering your risk and giving you peace of mind.

We can provide a full management service or a tenant find only service. For any advice regarding renting your property out speak to us on 0161 626 6800 or visit the website for more information.

 

Personalising your New Build Home

 

Earlier today we welcomed a young couple into the office who were here to pick out some fixtures and fittings for their brand new build home!

The couple are purchasing a plot at The Bakestones, one of our exciting new developments in the area and today they had the opportunity to chose from a wide selection of Kitchen units, handles, Kitchen worktops and also from an extensive range of tiling options for their Bathrooms

They were really excited as they trawled through a wide choice of samples to pick the perfect combinations just for them!

Have you ever considered purchasing a newly built home?

Our specialist New Homes department deals exclusively with new build properties, providing a dedicated personal service to both vendors and purchasers. Having the opportunity to personalise the finish of your new home is just one of the many advantages available exclusively with newly built homes, but be sure to register your interest early in any new developments before the particular plot you wanted is sold and before its too late to choose your own fixtures and fittings!

To see the new homes we currently have available and those launching soon CLICK HERE!

Now with Help to Buy extended until 2020 there has never been a better time to consider a newly built home.  Help to Buy can make it possible to purchase a new property with just 5% deposit by way of an equity loan of up to 20%. The great news for eligible buyers is the Help To Buy equity loan scheme results in access to more favourable borrowing rates resulting in lower mortgage payments and lower deposit requirements.

If you are interested in buying a new build talk to us on 0161 925 3235.

 

Rightmove reports traffic falls by 15% at The Grand National final straight!

People diverted their attention from finding their dream home to watching the action at Aintree on Saturday afternoon.

rightmovelogo-390x244

Traffic to the website via desktop fell by 15% when Pineau De Re took the title around 4.30pm.

People searching on mobile devices stopped too, with a 12% dip recorded.

By 4.45pm traffic was back to normal levels, perhaps with a lucky few checking out what they could afford to buy with their winnings.

It’s arguably the most famous race in the world, so it’s no wonder the nation temporarily swapped their house-hunting for horse racing on Saturday afternoon.

There were over two million visits to Rightmove, the UK’s busiest property website, throughout the day on Saturday by people searching for their dream home.

The appeal of the 167th Grand National saw a temporary 15% dip in traffic via desktop and a 12% dip by people using mobile devices, as the race gathered pace and ended in victory for Pineau De Re.

Head of Communications at Rightmove, Matthew James, commented:
“This isn’t the first time that we’ve seen a stand-out sporting event hit our traffic. It happened last year when Andy Murray served for Wimbledon glory and in 2012 when we picked up three dips on Super Saturday which tallied perfectly with Greg Rutherford, Jess Ennis and Mo Farah winning gold. These are national distractions which show up as blips on our traffic charts, but it doesn’t take long for people to come back after the event finishes, especially as more and more people are searching Rightmove using their mobile. Although the majority who had their annual flutter on the race probably didn’t win a life-changing sum or anything at all, there might have been a lucky few who were able to up the price band for the home they’re looking for when they returned to Rightmove!”

Original Article: Rightmove

Winter hasn’t slowed down house sales

This winter has been the wettest winter since the national series records began in 1910, but house hunters enthusiasm was not a wash out!

Houses

 As February reached a close the provisional rainfall figures are released from 1 December 2013 to 25 February 2014, and this information confirms that the UK has had its wettest winter since the national series records began in 1910!

We are sure that this doesn’t come as a great surprise to you!

New records have been set for many parts of the UK, with southeast and central southern England having seen well over double the rainfall expected in a normal winter. Perhaps here in Greater Manchester and West Yorkshire we were slightly luckier than those in the worst affected areas, however we certainly saw our fair share of the rainfall.

The rain however didn’t seem to deter house hunters from the property market as we saw our busiest December on record selling more houses in December 2013 than any December previously.

Between 22nd December and 21st January the Ryder and Dutton website averaged over 3000 visitors per day and Rightmove statistics showed the first two weeks of 2014 revealed nearly a 20% increase in the number of property pages viewed based on the same period a year ago.

Nationally house hunters made more than 1.75 million enquiries via Rightmove in the first two weeks of 2014, which set a new year record.

If you are looking to move in 2014 now really is the time to start thinking about marketing your home.

We are seeing increased activity levels and new buyers returning to the market making this an ideal time to start the marketing. By arranging a free market appraisal of your home we can offer you some practical advice specifically about your own home and the local market around you. It’s also a fantastic opportunity to meet our Valuers and get the answers to any questions you may have.

The afternoons are starting to stay light just that little bit longer and the house hunting spirit is in the air after such an impressive couple of months!

If the rain over the new year didn’t dampen buyers spirits what is to stop you now?

 

 

 

Don’t Forget our Mossley Office Open Day

Don’t forget our Mossley Office open day is on Saturday 5th April 2014 between 10am and 4pm.

Mossley Open Day!

Call in for advice about buying, selling, mortgages, surveys, removals and much more!

 

Rochdale Mayor endorses Apprenticeships

Ryder and Dutton were at The Middleton Arena on Wednesday 2nd April along with Winning Pitch Sales Academy for an Apprenticeship Event to help young people prepare to enter the workplace.

The Mayor of Rochdale attended and spoke to the young people about the value of apprenticeships.

Hosted by the Winning Sales Academy, selected young people were being interviewed for upcoming apprenticeship opportunities with Ryder and Dutton Estate Agents (Relocation Agent Network’s Regional Award Winner 2013) for their local branches.

Winning Pitch

Pictured are Director and Directors Assistant from Ryder and Dutton Richard Powell and Deborah Cliff and the Mayor of Rochdale Peter Rush. Business Consultants from Elizabeth Jane Consultants in Rochdale were also on hand to help the candidates prepare for interviews.

The Winning Sales Academy are helping young people across Greater Manchester take their first steps into employment.

Fast Broadband – Does it matter to House Hunters?

We all know the technological revolution of the last decade has seen cause a huge increase in the volumes of mobiles, ipads and tablets found in every home and business, so there is a far greater demand than ever before for better internet connection, improved coverage areas and faster broadband speeds than ever before.

Internet

But does this matter to house hunters? The answer it seems is yes!

House hunters are now actively seeking fast broadband as a vital requirement in our search for a property, and Estate Agents are even suggesting that homes with poor connection or slow broadband can be worth less. Estate agents in some parts of the country claim they have even seen buyers willing to walk away from a property sale if broadband isn’t available.

For some time Ryder and Dutton have featured a broadband speed check on our website as part of the useful information links:

Broadband Speed Check

Similarly Rightmove has also now added the broadband speed checker to its listings along with the information about the local area and schools.

Bernard Phillips, the head of consumer platforms at Rightmove, said: “We already offer a number of tools to help consumers make informed decisions about a property, and we’re pleased to be the first to add broadband speeds to this. Broadband has become ingrained in people’s lives and is an important factor when choosing a home.”

Today we use the internet for so many every day activities such as online banking, paying for bills and booking tickets and travel. Also considering all the social media sites and online gaming people are often involved with it was perhaps inevitable that buyers would start to consider broadband speeds a necessary part of their search criteria.