Welcome to the July edition of Fish Need Water’s newsletter!

With some of the warmest weather happening this month, many have been focused on keeping cool and getting through the heatwaves. How have you  been planning to get through the cost of living crisis, have you thought about ways to maximise your most valuable asset?

Here’s what we’ve got for landlords and sellers to help you make informed decisions:

  • For landlords: Should you sell or upgrade your Buy-To-Let portfolio?
  • For sellers: How to achieve the very best price for your home
  • Property Industry Eye: Sharp drop in the number of people moving homes as cost of living crisis spirals

SHOULD YOU SELL OR UPGRADE YOUR BUY-TO-LET PORTFOLIO?

What a time to be a landlord! No sooner are we past the phasing out of mortgage interest relief than the Government announces new areas of expense.

  • How much will it cost to upgrade your buy-to-let?
  • Will you get that money back through higher rent?
  • Is funding going to be available?
  • Are you better off selling up and buying a more energy-efficient property?
  • Should you stop being a landlord altogether?

There’s plenty to unpack here, and our BLOG does just that, so you can make a plan that’s best for you.

HOW TO ACHIEVE THE VERY BEST PRICE FOR YOUR HOME

Have you ever wondered why some homes get multiple offers, while others struggle to get even one?

It’s rarely down to chance.

Even with the cost of living crisis, there’s no such thing as an unsellable home, and every property in every price range has the capacity to generate high levels of interest. Marketing is certainly a factor, but getting the highest possible price comes down to the partnership between you and your estate agent.

Given that every estate agent is using at least one of the major property portals, it can be hard to choose between one company and another. But there are critical differences in how agents market their properties that can profoundly affect the price you achieve and how soon. Click HERE to read more…

SHARP DROP IN THE NUMBER OF PEOPLE MOVING HOMES AS COST OF LIVING CRISIS SPIRALS

The cost of living is skyrocketing across the board, with council tax, national insurance, mobile, broadband and water bills increasing amid a backdrop of soaring inflation.

Mortgage rates and rents have also shot up, compounding the crisis.

However, this wasn’t completely unexpected, the stamp duty holiday last year drove record numbers in movers, compared to that, there’s likely to be a massive drop. Read the full article HERE for a broader understanding…

 

What’s next for you?
If you’re thinking of selling your home, you’ll need a solid selling strategy in the current market. We’d love to show you how we can help you get the best possible price. Call us on 020 8432 1505 or drop James a line at james@fishneedwater.com for a talk about your plans and making them a success.

If you own a rental property in South East London, call Anthony for a chat on 07753869016 or drop him a line at anthony@fishneedwater.com – We’re here to help you create a life as a profitable landlord with a passive income and peace of mind.