What will the inflation figures mean for interest rates
The recent inflation figures were higher than the market was expecting. Rising to 3% in January for the year up from 2.5% in December.
Estate agents and those involved in the housing market keenly watch the inflation figures for hints what the Bank of England may do with base rates!
High inflation often means higher interest rates – bad for borrowers.
The next rate meeting result is announced at midday on 20th March 2025. We will have to wait to see whether rates will change then!
Performer of the Month for January!
Congratulations to Lowestoft Branch Manager Darren Capps who is Aldreds Performer of the Month for January!
Darren had a fantastic January with an increased number of valuations carried out and a fantastic volume of new properties but for sale.
Under Darren’s stewardship the Lowestoft office and the team are flourishing with great sale levels and many happy customers!
Well done Darren!
Half a million council tenants to lose the Right to Buy their homes.
The Government is to considerably tighten up the eligibility criteria, therefore effectively ending Margaret Thatcher’s revolutionary Right to Buy scheme first seen in the 1980’s. These changes being brought in under Angela Rayner’s overhaul of this scheme will mean half a million tenants will no longer be able to buy their own homes.
The Government is proposing to change the discount structure and increase the requirement for tenants to have lived in their homes for between three to over ten years to qualify for the scheme.
No one can argue that Right to Buy has been anything other than a great success enabling over two million tenants to become homeowners. Some critics have blamed Right to Buy for causing a shortage of social housing. However, a significant proportion of these former Right to Buy homes have been rented or resold providing homes for thousands of people.
The original Government plan at the time was that councils would be able to use the money Right to Buy generated to build replacement homes, but as a result of various rules, restrictions and other pressures on the public purse the money has mostly gone to other areas.
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.
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.
