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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!
Want to view Saturday? No problem! Due to work patterns many people looking to buy a property are only available at weekends. This is why Aldreds are open on Saturdays than many of our competitors and offer viewings in some offices as late as 4pm. These longer opening hours not only make us more flexible in meeting customers at viewings but also give us more capacity so we are rarely unable to meet a request! Thinking of selling – call us today.
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!