As we bid farewell to the first quarter of the year, it's an opportune moment to pause and reflect on the journey thus far. The past few months have been a whirlwind of activity, from a company rebrand to changes in the market place. Join us as we delve into our Q1 2024!
Company Rebrand:
To kick off 2024 with a bang, we've undergone a transformative rebranding, emerging as Addressed! This exciting change marks a new chapter for us, allowing our brand to align more closely with our values and aspirations in the industry.
Our rebrand isn't just about aesthetics—it's about evolution. We're stepping into a refined identity that truly represents who we are and where we're headed. With Addressed, we're ready to unveil an enhanced version of ourselves and elevate the experience for our clients.
Exclusive Client Benefits:
As part of our commitment to delivering exceptional value, we're thrilled to introduce an exclusive perk for all Addressed landlord clients: Exclusive discounts on a range of market leading professionals fees, including; Property Investment Sales Agents, mortgage brokers, solicitors and accountants. enjoy reduced fees on key professionals to support your ventures in the property market.
Whether you're expanding your portfolio, purchasing a new property, refinancing, or seeking assistance with financial matters, Addressed has you covered. Our aim is to empower our clients to achieve their goals more affordably and efficiently, enhancing their experience with our services.
The Agent of Choice:
Addressed have become the letting agent of choice on a number of new build schemes across the country, in locations such as Northampton, Liverpool, Bolton, Manchester.
Renowned for our exceptional reputation and demonstrated success, Addressed is the trusted choice for landlords and tenants alike. Our track record speaks volumes, showcasing our commitment to excellence in property management and customer satisfaction.
Rental Growth: Cost of New Tenancies has Grown by 18% since January 2022
Britain’s recent exceptional surge in new tenancy rent levels – up by almost a fifth over the past two years.
The Report by Resolution Foundation says, the main causes of Britain’s private rents surge is a bounce-back from the pandemic and more recently fast rising wages. The Foundation notes that rents tend to track wages over the long-term – and that average private rents have remained roughly constant as a proportion of average earnings since 2000.
Mortgage Rates Dropped below 4%:
Although and early drop, economic uncertainty has led to increased swap rates, prompting some lenders to raise pricing.
At the start of this year, investors were betting rates could be cut to 3.75 per cent by Christmas. But it is now thought rates will fall to just 4.5 per cent this year – with the first move expected to come in June.
It's crucial for borrowers to be mindful of additional mortgage costs, as many deals come with high fees that could offset potential savings.
New Gov Proposals on Short-Term Lets:
In recent years, the rise of short-term lets through platforms such as Airbnb have transformed the way people travel and utilize their properties. However, with this growth came concerns about the impact on housing availability, community cohesion, and safety standards.
In response, governments around the world have begun implementing regulations to address these issues. One such development is the requirement for planning permission for short-term lets and the establishment of a mandatory national register.
Rent Reform Bill:
The government has committed to returning the amended Renters Reform Bill to the House of Commons in mid-April.
The government is set to tweak its Renters (Reform) Bill in England, aiming to address concerns from landlords while still delivering security for tenants.
We will have to wait and see for the final outcome...
We stand poised to carry the momentum forward into the months ahead. Fuelled by the lessons of the past and the aspirations for the future, we remain committed to growth, resilience, and innovation. Here's to embracing the challenges, cherishing the victories, and forging ahead with renewed vigor. Together, let's make the rest of the year even more remarkable than the first. Onward and upward!
