Celebrating Success - WE ARE FIRST!

Hair & Son Leigh-on-Sea are celebrating being named Leigh’s top selling Estate Agent according to the latest data from Rightmove.  Figures just released puts Hair & Son’s Leigh branch at number one for new sales agreed and with a market share that appears to be growing at an impressive rate.

Area Manager Paul Dobbs explains “It is well reported that the UK housing market appears to be going through a bit of a mini boom, with the media and many estate agents reporting a surge of activity and strong demand from an ever growing number of buyers.  We at Hair & Son have really capitalised on this over recent months by introducing some unique new marketing methods that are proving hugely successful for our customers”

Paul says “ It isn’t just modern technology that is the secret to our success, I also firmly believe that I am lucky enough to have one of the most experienced, passionate and hardworking teams around me.  In nearly thirty years of working in the industry, I have never had such a dedicated team of people all with the same vision and determination and I would like to thank all of them for the long hours and huge effort they are giving and this accolade is most certainly a welcome reward for us all.”

Having sold homes to the value of  over £4.3 million in the last few weeks alone, Hair & Son Leigh-on-Sea are in need of new homes to sell.  Therefore if you have a property in the Leigh-on-Sea, Hadleigh, Benfleet & Thundersley area why not get in touch and add yourselves to their ever growing list of happy customers.

01702 47 00 66

Paul Dobbs

Hair & Son Leigh-on-Sea


Britain gets moving…

Britain gets moving as an unexpected mini-boom pushes prices to a record high.

Latest news from Rightmove show that the current mini-boom we are experiencing is gathering momentum as Britain gets moving again. Year on Year enquiries are up 75% since the start of July and the average asking price of property coming to market in Britain hits a record this month, 2.4% (+£7,640) higher than in March pre-lockdown.

Rightmove also confirm the number of monthly sales agreed is up 15% in England on last year, and in the five days after the stamp duty announcement it jumped to 35% up on the same days a year ago. The same stamp duty holiday may also encourage more property to market to ensure sellers have plenty of time to move before the March deadline

There is also a further boost to market activity – and especially for first-time buyers – with more low deposit mortgages available for up to 90% of the purchase price.

Contact your local Hair & Son sales office to talk about your property and mortgage requirements.


PROPERTY HOTSPOT – SOUTHEND ON SEA

It was recently reported in the FT Weekend that research by Zoopla  Research and HM Land Registry has demonstrated that house hunters are choosing properties in the suburbs over and above City living.  Lock down with the combination of home working and the Government’s furlough scheme has prompted people to evaluate what their home means to them and buyers are choosing green space rather than close proximity to their office.  Buyers of all ages are choosing suburban and coastal living, demand in London is reported to be down . The change in demand between February and June of this year in Southend on sea is reported to be up by 108%. The research reports stronger sales nationwide for June 2020 than in the same month in 2019.

We, at Hair and Son, have  experienced a stronger bounce than expected on return from lockdown. There is  good demand for properties in all price brackets which echoes the reports finding. It is not surprising that Southend on Sea, with its’ excellent rail links to London, coastal location and open spaces is reported to be the hotspot for the South East.

The recently introduced stamp duty holiday due to expire in March 2021 will help homebuyers, as well as buy to let investors also.  Prior to this recent initiative a buy to let investor would have paid £30,000 in stamp duty for a residential property costing £500,000, under the current temporary relief scheme their stamp duty would be reduced to £15,000.

For further information please contact your local office. We will be happy to answer any of your questions.


UPDATE - OPEN FOR BUSINESS

As a company we are continuing to take precautions to protect our customers and our staff and continue to provide the best service we can. We have taken further measures to reduce the spread of this virus. Details can be found below:

Where possible, some of our colleagues continue to work from home. However, with the phased relaxation of the rules and increasing numbers of people being able to return to work we will now be open with effect from Monday 15th June 2020 between 9AM to 5.30PM. This may be further reviewed as events continue to unfold.

PAYMENTS

Payments by cheque can be left using our letter box. Payments can also be made by telephone – please ring our cashier on 01702 226162 between the hours of 9.00AM and 5.00PM during Monday to Friday. We are no longer open on Saturdays. Payments can also be made direct to our bank using the details already provided. If unsure, please contact our cashier as above.

OTHER MATTERS (INCLUDING EMERGENCY REPAIRS) Please ring our reception on 01702 39 49 59 between the hours of 9.00AM and 5.30PM Monday to Friday and our staff will be pleased to help you. We are no longer open on Saturdays.

If you have any questions, we can currently be contacted via all our usual channels.


NEW MANDATORY ELECTRICAL SAFETY REGULATIONS EFFECTIVE FROM 1ST JULY 2020

THE ELECTRICAL SAFETY STANDARDS IN THE PRIVATE RENTED SECTOR (ENGLAND) REGULATIONS 2020 COME INTO FORCE ON 1ST JULY 2020 FOR LANDLORDS OFFERING NEW RESIDENTIAL TENANCIES FROM 1ST JULY ONWARDS.

WHAT TYPE OF TENANCIES DO THE ELECTRICAL SAFETY REGULATIONS APPLY TO?

  • Residential tenancies where tenants have the right to occupy either all or part of a premises as their only or main residence, they pay a rent, and it is not listed as an excluded tenancy (detailed below)
  • Note: The regulations currently only apply to rental properties in England only. And the regulations replace those already in place for HMOs.

WHEN ARE THE REGULATIONS EFFECTIVE FROM?

  • For new private tenancies entered into from 1st July 2020
  • For existing tenancies from 1st April 2021.

WHICH TENANCIES ARE EXCLUDED FROM THE ELECTRICAL SAFETY REGULATIONS?

  • Private registered providers of social housing; lodger arrangements; long leases or tenancies which grant a right of occupation for a term of 7 years or more; student lettings in halls of residence; and tenancies granted to occupiers of hostels, refuges, care homes, hospitals, hospices and other accommodation provided as a result of a duty imposed on an NHS body.

WHAT DO LANDLORDS NEED TO DO?

  • Hire a qualified person to carry out an inspection to check that the electrical installations in their rental properties comply with the 2018 edition of the Institute of Engineering and Technology wiring regulations.
  • Ensure the electrician prepares a report detailing: (i) results of the inspection and (ii) date of the next inspection (which will need to be at least every 5 years)
  • Initial inspections need to be carried out before any new tenancy is granted from 1stJuly 2020, and by 1st April 2021 for existing tenancies.
  • If the report identifies a breach, further investigations must be carried out within 28 days of the inspection, or within a shorter period if specified. Landlords should obtain written confirmation of completion of the remedial works and provide this within 28 days of completion to each existing tenant, and to the local authority.

REPORT REQUIREMENTS

  • The report will need to be supplied to new tenants before they move in, to existing tenants within 28 days of receiving it, and to any prospective tenant within 28 days of their request to view the report.

LOCAL AUTHORITY’S POWERS TO COMPEL COMPLIANCE

  • They have the power to demand sight of the report, which landlords should provide within 7 days of the request or they face a penalty.
  • They also have the power to serve a remedial notice on a landlord to compel them to comply with the regulations if they have reasonable grounds to believe the landlord is in breach.
  • Landlords have 28 days from the date the notice is received to remedy the breach, and if the work is not carried out in time then the local authority has the power to carry out the required works themselves (on providing prior written notice to the landlord) and then recover their costs from the landlord.
  • Landlords who fail to comply with the regulations may face a civil penalty up to a maximum of £30,000, with the potential for multiple penalties to be imposed for a continuing failure

For further information please contact the property management team at H&S on 01702 394959


Commercial Property Market Update

The returning commercial property market continues to show strength.  We have had a very busy couple of weeks since I last wrote and we continue to see strong interest for commercial property across the board.   Freehold acquisitions are particularly strong and with talk of negative interest rates the potential of purchasing a commercial investment with returns of 7 -8% look increasingly attractive – far better than stuffing your money under the mattress!

I mentioned previously the vacant freehold industrial unit that was coming to the market. That is now live with a tender process closing in mid-July, we have been busy with viewings on that and have more booked for next week. Details are on our website and please call for more information.

Terms were agreed in respect of another unit on the Wickford Business Park on a commercial lease within 7 days of marketing – if you are looking for a tenant for your commercial premises please call us, we have a wealth of experience and are here to help.

Diane Tait

Commercial Property Manager


RECORD LEVELS OF PROPERTY ENQUIRIES

Rightmove has released some encouraging data for the residential property market confirming for the first time ever it received  over six million visits to its portal in one day!

Rightmove stated four days ago (Wednesday May 27)  it saw visits exceed six million in a day for the first time, which is up 18 per cent on the comparable day of 2019. Meanwhile the busiest ever day with regards to time spent on Rightmove was Saturday May 23 with over 47m minutes spent collectively. The site says home-mover momentum has been building over the two weeks since the housing market reopened in England. And it says it’s found “a new wave of buyers now entering the market” since the lockdown finished.

A similar picture is being seen by our sales offices with strong levels of new property enquiries and property valuation requests. Contact your local office to discuss your property requirements.

Thorpe Bay: Tel: 01702 58 22 55

Southend-on-Sea: Tel 01702 34 11 77

Leigh-on-Sea: Tel: 01702 47 00 66

Rayleigh: Tel: 01268 77 43 16

Wickford: Tel: 01268 76 34 77


We’re Back & Open For Business And So Far Things Really Aren’t That Bad…

After weeks of stagnation, it was announced last week that the housing market was to reopen again and us estate agents, along with surveyors, house builders and other associated industries could all return to work.

Good news then for the property market and indeed the wider economy as well, but what state is the housing market now in? With lots of speculation from the media and their experts over the last few weeks all suggesting some kind of armageddon upon our return, we can actually report something – so far at least – quite the opposite.

Going into the Pandemic, the property market was strong.  Good demand for all types of property met with what seemed to be a “let’s get on with it” attitude from the buying and selling public following months, indeed years of uncertainty with Brexit meant that things were looking very buoyant for the UK housing market indeed.

During lockdown, the Government and Bank of England have done all they can to ensure things remain as stable as possible also; The Furlough scheme protecting millions of jobs and an unexpected cut in interest rates from the Bank of England to name just a couple.  The latter giving potential borrowers the lowest interest rate this country has ever known.

So how has the first week or so back been? Well, in short busy! Enquiry levels are up, looking at our figures actually up on February proving maybe that much of the buying and selling public are unperturbed by the media and still have the “let’s get on with it attitude” they had adopted earlier this year.

We haven’t had a wave of buyers disappearing or indeed tumble weed running through our offices. Although it is very early for any predictions to be made, it would most certainly appear that the ever-resilient UK housing market is just that – hugely resilient.

Therefore, if you are considering a move this year, there really is no reason to delay – why not contact us for some free initial advice on 01702 470066

Paul Dobbs


COMMERCIAL PROPERTY MARKET UPDATE

The partial lifting of lockdown earlier this week will see a return to work for some sectors of the commercial market, in particular manufacturing . Green  shoots of a recovery back to a ‘new normal’  are already apparent and we are experiencing a good level of enquiries, particularly for the industrial sector.  We will be offering a freehold industrial premises on the Wickford Business Park within the next few working days and we expect strong demand for that, despite the ongoing pandemic – watch this space.   It is true to say that enquiries for smaller industrial units hasn’t really stopped over the past couple of months and supply remains short.

 

There are still areas of the market that will remain sticky over the coming months,  retail will struggle until lockdown is lifted. However there is a growing optimism that with changes in the way that we all work coupled with an enlightened and sensible approach by employers and member of the public we will see the commercial market come back as strongly. We have a number of new commercial premises which we expect to come to the market over the coming weeks and watch our blogs for news of those.

Diane Tait

Commercial Manager


OPEN FOR BUSINESS

Our sales and letting offices are now open for business and we look forward to assisting you in all things property related.

Please get in touch with your local branch, details can be found below.

Thorpe Bay: Tel: 01702 58 22 55

Southend-on-Sea: Tel 01702 34 11 77

Leigh-on-Sea: Tel: 01702 47 00 66

Rayleigh: Tel: 01268 77 43 16

Wickford: Tel: 01268 76 34 77

 

The team at Hair & Son