Discover the latest property news
and Gateway benefits
Published on 17th May 2023
Property insights: Rents continue to rise nationwide
House price growth may be slowing, but rents look set to continue to increase. Property experts generally agree on growth estimates of around 4–5% annually.
Property website, Zoopla, reports that the average rents for new-lets have risen the most, by 11.1% in the last 12 months. Earnings have increased by 6.7%.
Demand for rental homes remains 10% higher than last year, driven by four key factors:
the strength in the job market
resulting high economic immigration
a rapid increase in oversees university students
a static supply of rental homes.
The other property website, Rightmove, points out that the first quarter of 2023 marked the 13th consecutive three-month period where asking rents on new properties to let had risen. This run stretches back to the end of 2019.
Reviewing your mortgage? Your options and how we can support you
It’s a good time to be thinking about your mortgage with the economic situation remaining uncertain. We can explore your options with you.
Quality Street Financial Services, part of the Gateway Group, is committed to helping you by looking at your individual circumstances and providing financial advice that is right for you. You could have several choices available when it comes to your mortgage. Whichever route you take, it is vital that you understand your options.
Your options could include:
Moving to a new lender
Our fully qualified specialists take the time to get to know your circumstances and specific requirements. Then, we’ll search hundreds of mortgage products from leading lenders, so you get the best possible option out there on the market.
Making your current mortgage work for you
Our fully qualified specialists can provide advice on flexible options with your current mortgage, such as making overpayments.
Exploring alternative interest rates
Another option could be to stay with your existing lender and take advantage of an alternative rate. We will liaise with your lender to make sure you’re offered the most suitable rate.
You’re in safe hands
Everyone’s mortgage and current circumstances are unique. Our team has Certified Mortgage Advisor status, meaning we’re recognised as holding all the qualifications needed to provide sound advice. We use the latest encrypted technology, so you can conveniently and securely upload documents.
You’ll have the personal touch
A dedicated mortgage advisor will be on hand and guide you through the review process. That can be face to face, over the phone, by Zoom… Whatever works best for you. We can also help protect what matters with bespoke home insurance advice for comprehensive and competitive policies.
Contact us for professional, affordable mortgage advice.
Get in touch with the Quality Street Financial Services team today and find out how they can assist you with your mortgage queries. You can do so by phone, on 01702 443 549, or by visiting our website using the link below.
Managing new homes nationwide: Looking after clients and communities
Gateway Property Management is proud to be the appointed managing agent of over 4,500 new homes over the last month.
Our ever-expanding portfolio comprises family homes to apartments in cities, towns and villages, as well as properties in the countryside and by our coastlines. Last month’s highlights include a range of developments – from 1,350 contemporary homes to 45 stylish residences – in the following locations:
We carefully manage property, offering a proactive service from strategic offices in Essex, Leeds and London. Call Gateway Property Management today to see how we can best support you on 01702 443 555 or click here.
close to the city centres of Carlisle, Hull, Nottingham and Southampton
just outside the bustling cities of Durham and Leeds
in towns from Driffield and Pocklington, East Riding of Yorkshire, to Standish, Wigan
near the medieval market town of Tewksbury, Gloucestershire
by the beautiful North Wessex Downs, Oxfordshire
close to Bury St Edmunds and the Suffolk countryside
across Essex, from the River Crouch to Southend-on-Sea
in the village of Milborne Port and in the Somerset countryside.
Looking for a new managing agent?
We carefully manage property, offering a proactive service from strategic offices in Essex, Leeds and London. Call Gateway Property Management today to see how we can best support you on 01702 443 555 or click here.
Discover more about our family of specialist companies at LinkedIn.
You’ll soon find that we’re here to help in a friendly, professional and straightforward way that’s refreshingly different. Every day, our teams are there to support property developers and investors, individual landlords, buy-to-let investors and management companies across the country.
Spring sales: Places proving to be property hotspots
While property headlines lead on falling house prices, Rightmove has identified 10 areas where homes are selling faster than a year ago.
The general consensus is that residential property prices will fall over the next two years, before starting to climb again. Experts have, of course, been wrong before, but that pattern seems established, with prices dropping by 1.1% in the year to February. Lender, Nationwide, noted that this was the first annual fall in property values for a decade (since November 2012).
Traditionally, Spring is the season when the property market booms, with buyers vying for homes at its peak. Looking back to a year ago, property website Rightmove points out that homes were selling quicker than ever – just over 40 days on average – and at record prices. In today’s more settled market, the sales process is taking around 65 days, although this varies on the location, and even between streets in the same area. The property experts have recently identified 10 places bucking the trend. The areas where homes are selling faster than in 2022 include one county, Oxfordshire, with three names on the list.
