Thomas Morris blog

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.

It is easy to see why many first-time property buyers are drawn to city centre living. It is likely they want a home close to their place of work, and they probably still want to enjoy a busy social life, when their budget allows.

It is vital landlords provide a safe rental property for their tenants, and landlords must comply with a broad range of regulations.

While the COVID-19 pandemic has significantly shifted so much of what we used to take for granted in our everyday life, there is no getting away from the impact remote working has had, and will have, on the property market.

There has been considerable turmoil in the UK of late, but we are still a place that appeals to overseas property buyers and investors. Even with Brexit in place, and there will be challenges to overcome in that regard, it is likely that UK property will still sell to foreign buyers and overseas property investors.

If you are a leaseholder, the New Year offers some positive news for you with respect to your property. Housing Secretary, Robert Jenrick, has announced these property owners will be given the right to extend their lease by a maximum term of 990 years. Just as importantly, this will be offered at zero ground rent.

We know many factors influence buyer decisions, but in the current climate, parks and open spaces matter.