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The Guardian Residential Lettings team is proud to announce the launch of its new website. As Harlow’s leading letting agent, we thought it timely to improve and update our existing site, in order to keep in line with our customers’ property needs, and the ever-changing Essex-based lettings market.

 

Financial economical changes

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Over the last year, we have all seen and felt the massive financial changes within the UK economy. With the changing Government from Labour to the Coalition, the shake-up on paying back the national debt appears to be a high priority. With the main developments in the housing market being the adjustment to housing benefit, and tighter restrictions on mortgage lending from the banks and building societies. We are as yet to see any real differences in our existing tenancies with these changes.


However, with the ability to borrow being harder than ever, tenants are remaining at their properties for longer - more people are finding letting the simplest way to move into a new home. This has caused the rental market to strengthen both locally, regionally and nationally. If you are considering renting or buying in the Harlow area, please do not hesitate to contact us for free-of-charge valuations and information.


Due to the lack of lending from the national and worldwide banks, the team at Guardian Residential Lettings is finding that it is increasingly difficult for any persons not already on the housing market to be able to secure a suitable mortgage figure for purchasing a property. With the national press reporting an average deposit of around 20%- 25% of the value of the property needed to secure a mortgage, it is becoming more and more difficult for new buyers to purchase.


This means the number of people now looking to rent has risen dramatically over the last six to twelve months.

We look forward to hearing from you; please contact us on 01279 635685, or use the contact form on this site. 

 

 

Great time to become an Investor

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As Harlow’s leading letting agent it has been our privilege to work with many investors over the years, and as house prices continue to fall or remain stagnant in certain areas there are more and more bargains to be had in the Harlow market.  Although most lenders are still requesting around 20% for their buy-to-let products, some lenders have now dropped this as low as 15%.  If you have any equity available in your existing home, or indeed have been buying properties for rental purposes over a number of years but have stopped recently and have a portfolio that you are able to draw equity from, now is an excellent time to be negotiating hard for the right price for your new rental property.

 

It is widely thought that over the next 18 months to 2 years, The Bank of England will freeze the low interest rate at 0.5% as inflation is currently around 5%, which is 2.5% more than predicted by the Government and The Bank of England this time last year.  As you can see the potential for interest rates to remain low with high deposits required, as well as the difficulty in securing a mortgage. Renting a property is really the only way forward in the current market for people to update their existing property or move to a new area.

 

Over the last 12 months we are happy to say that we have secured many types of properties, two in particular for new investors with yields of between 7% and 7.4% based on the purchase price of the property and the potential rental income.  At the moment, generally speaking, most yields would easily be between 6% and 6.5% which given previous lows in the last five years of 2% to 3% are incredibly positive.

 

If you would like further information on how to purchase your investment property, if you are a new landlord or existing investor, with over 30 years experience in the property market Guardian’s letting team are happy to assist you in any way we can. We can even include free visits to potential properties you may be considering buying. At this point we can give you an up to date market value as well as advice on any work that may be required to give you the maximum rental income for your new investment.

 

We look forward to hearing from you; please contact us on 01279 635685, or use the contact form on this site. 

 


The largest selection of properties available

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If you are a tenant looking to rent a property, we always have the largest selection of properties available within the Harlow market, and will do everything possible to accommodate your needs and identify the current property for you to move into.


If you are considering renting your property out as a landlord, or indeed looking to invest in the Harlow areas, please do not hesitate to contact us; we are happy to assist you in any way we can. Our valuations and information are free of charge.

We look forward to hearing from you; please contact us on 01279 635685, or use the contact form on this site.