Performer of the Month
Congratulations to Michael Adderley who is Aldreds Performer of the Month for March.
Michael is a Sales Negotiator in our Great Yarmouth office and performs many accompanied viewings.
Nominated by Chris Fielding – Associate Director, Michael had a fantastic March and really stepped up in a very busy month whilst helping numerous clients get moved before the end of the stamp duty holiday. His can do attitude and positive outlook really counted during a busy and stressful month!
Well done Michael and congratulations!
Preparing for The Renters Rights Act – Landlords, what should you do to prepare?
This bill is in its final stages and looks to become law in early Autumn. There are so many changes and Landlords are naturally very concerned about what they should be doing to prepare.
For existing tenancies, there is not a great deal that can be done. However, if you have very difficult tenants, rent arrears, antisocial behaviour or any other serious concerns about your current tenants, perhaps now is the time to use the Section 21 while you still can.
For all new tenancies we cannot recommend more strongly that landlords take out rent & legal insurance cover (very few providers offer cover on existing tenancies) in order to protect themselves in the event of tenants failing to pay rent or refusing to move out. This new legislation with put enormous pressure on the court system and will create significant delays in obtaining possession. Hence, rent and legal insurance cover with provide peace of mind and financial assurance if the worst were to happen.
This legislation will bring many additional administrative requirements such as additional prescribed information at the start of the tenancy, landlord registration, changes to notices, changes to rent increases to name but a few. Failure to adhere to this raft of new legislation will not only seriously impact on the ability to obtain possession, but also could come with financial penalties. Hence, if you are not using an agent, we can only strongly recommend you use a good local letting agent who is fully prepared and trained for this new legislation. Aldreds lettings are here ready to assist and give sound, practical advice and award winning service at very reasonable fees.
Promotions at Aldreds!!
Congratulations to Lewis Hamilton who has been promoted to Senior Negotiator. Lewis has over 20 years experience in estate agency and first worked at Aldreds between 2004 and 2008. He rejoined us last summer in Gorleston but is now making waves in our busy Great Yarmouth office. If you want to contact Lewis give him a call on 01493 844891 or This email address is being protected from spambots. You need JavaScript enabled to view it.
Performer of the Month for February
Congratulations to Tara Hart, Lowestoft Office Manager who is Performer of the Month for February. Lowestoft office smashed all their targets out of sight in February whilst still giving fantastic service to our clients and customers. Tara was nominated by Branch Manager Darren Capps to recognise the huge effort she put in and contribution she made!
Reservation Agreements – The Future
As anybody who has tried to move will know the buying and selling of residential property in the UK can be a long and precarious process. Typical transactions take three to four months to legally complete and 20% to 30% of all sales fall through for a variety of reasons.
The government are exploring the merits of reservation agreements that may bind sales together at early stages.
The discussions are in their infancy and a decision some way off but say they see the “potential merits of introducing a process whereby the formal acceptance of a home purchase offer creates a legally binding contract between the buyer and the seller.”
The government are also looking on to the digitalisation of the conveyancing process to speed up transactions.
Watch this space!
