Thomas Morris blog

Now that the dust has settled on the March 2021 Budget, it is possible to reflect on its initial impact.

With everything that has happened in the past year, it has been difficult for landlords to remain up to date with every important issue. We know complying with regulations is almost a full-time job for landlords, and at Thomas Morris, we do our best to keep you fully informed.

Staying in touch with regulations can be a challenging task for landlords. You have a lot of issues to consider, and of course, these regulations are changed, updated or added to on a regular basis.

What is Relocation Agent Network and how can they help find buyers and tenants from around the country? Mark Westcott, Director at Relocation Agent Network explains.

Information provided by The Dispute Service (TDS), taken from their Annual Review 2020, indicates cleaning is the most common reason for tenancy deposit dispute claims. Other reasons include damage to the property, cost of redecorating the property, rent arrears and gardening issues, but cleaning was the leading issue.

While most of the property market focus on the Government, and the March Budget, relates to the stamp duty holiday, and any extension, there are other matters to consider.

There are many strong reasons why landlords prefer not to let to tenants with pets. The cost and time associated with cleaning a rental property at the end of a tenancy when a pet has stayed in the property are often high, and damaging for landlords.

While many industry observers believe demand for property will reduce in 2021, there will always be reasons for people to move home. At Thomas Morris, we work closely with buyers and vendors.

At Thomas Morris, we want you to make an informed decision in the housing market. As we move further into 2021, the market is shifting. The demand for homes might fall, but with the supply of homes in many parts of the country even lower, prices are unlikely to drop.

Great news for buyers with the introduction of a 5% mortgage deposit scheme, offering a 95% mortgage loan on properties valued up to £600,000.

At Thomas Morris, we aim to provide landlords with guidance and advice regarding every aspect of their rental business. We appreciate the circumstances of the past year has been tough for landlords and tenants.

At Thomas Morris, we aim to help landlords provide a high standard of service to tenants. When a tenant is satisfied, they are more likely to pay on time, and they are more likely to remain in place for longer.