1. Leaseholds. A national scandal.

    29 January 2017

    This issue needs investigation at the highest level.

    Organisations are set up to fight the traps being set by many developers to catch unsuspecting buyers.

    There’s now a National Leasehold Campaign On Facebook,  a web site, Leasehold Knowledge Partnership, as well as our Own Cramlington Leasehold Organisation. Rip Off Britain and the Telegraph are on to it too.

    Please get involved and share.


  2. Calling All Landlords!

    23 May 2014

    According to a recent estate agency survey, conducted by the Relocation Agent Network, of which we are member, not only is now a good time to be a landlord, but it is a strong buy to let market and re-sale values have also increased in the last three years.

    Relocation Agent Network, the national network of independent estate agents asked its members whether the re-sale value of a typical two bed investment property has increased or decreased in the last three years. A third indicated the value has increased by up to 10% and another fifth reported a 15% rise.

    The national survey also looked at what prospective tenants consider to be the most important factors when looking for rental accommodation. The majority of survey respondents (46%) cited location as the top priority, followed closely by the cost of a property (37%).

    Paul Reynolds from Renown Estate Agents, the member of Relocation Agent Network in Cramlington, Northumberland said;

     “This survey brings good news for current landlords and those considering becoming a buy to let investor. Not only is it a strong rental market, you’re also getting capital growth as well as rental yields.

    “If you have a property to let, contact us today. We’re Relocation Agent Network’s appointed Local Expert for Cramlington and have been for over 15 years which means we have access to out of town tenants moving into the area.”

     
    About Relocation Agent Network:

    Relocation Agent Network is a national network of specially selected estate agents. All members are handpicked after thorough checks identify them as the best estate agent to represent Relocation Agent Network in their area. The Network provides coverage throughout England, Scotland and Wales. Relocation Agent Network is a division of Cartus, the premier provider of global relocation services, with nearly 165,000 customers moved worldwide every year. In the UK, Cartus uses Network members to buy and sell homes for these relocating families. As well as relocating families moving with Cartus, Relocation Agent Network helps house movers in other parts of the country by referring buyers and sellers from one area to another.

    Contact: For further information, please contact Paul Reynolds at Renown Estate Agents on 01670 730073 and/or email paul.reynolds@renownestates.com


  3. We sell houses faster than any other agent in Cramlington. Want proof?

    7 March 2014

    Here’s an interesting fact…..

    Zoopla’s estate agent statistics show that Renown Estate Agents sell properties more quickly than any other Cramlington estate agent – and by quite some margin too!

    The proof is in the pudding as they say. So get ready for dessert!

     

    Screenshot taken from Zoopla.co.uk on 6th March 2014.

     

    Faster by some margin – too right – by up to 16 weeks faster. That’s three MONTHS!

    And for any sceptics out there, the same statistics also show that we have the second largest number of properties for sale in Cramlington, so these findings are not based upon a smaller pool of properties to sell. Quite the contrary.

    If you would like to see your home faster than it can be sold at any of the agents mentioned above (probably), or you’d like to know how we do it…

    Give us a call on 01670 730073


  4. INTERESTING FACT NUMBER 2

    6 March 2014

    According to Zoopla their research shows that we sell properties more quickly than any other Cramlington Estate Agent.

    Another good reason to use Renown then!


  5. So selling houses is ‘Easy’, is it?

    3 March 2014

    As most of you may know… I don’t fly a plane.

    Why? I never learned how to.
    The founder of Easyjet is reported to be looking to get into the estate agency business. I wish him every success.

    I’m off for my first flying lesson. Can’t be that hard.

    If he wants a lesson or two on my industry he can always give me a call. Could do a trade maybe. Anyone know his number?
    Asda tried it and gave up.
    So did Lloyd’s Bank,
    Prudential,
    General Accident,
    Bradford and Bingley
    and Halifax.

    Go figure.


  6. First time buyers return affects rent levels.

    20 July 2013

    Rents held steady in June, defying the usual seasonal increase of the last five years, as the surge in FTB numbers eased the strain on the rental market, according to the latest Buy-to-Let Index from LSL Property Services.

    The average rent in England and Wales remains the same as in May, at £737 per month.  This comes after monthly rental inflation has been slowing for a number of months, and compares to an average 0.8% monthly increase in June over the five years since 2008. The continued slowdown leaves rents only 2.6% higher than in the same month last year – below the rate of CPI inflation (2.9%).

    The number of new tenants in June also indicated a slightly cooler rental market. Across England and Wales there were 0.8% fewer new tenancies in June than in May. However, activity has still seen strong annual growth.  The number of new lettings in June increased by 3.5% compared to the same month in 2012.

    Regional variation remains. Five out of ten regions saw rents rise in June. The sharpest monthly increase was in the East Midlands, where rents have risen 0.7% since May.  Second fastest were the North West and South West, with average rents in both regions seeing a 0.5% monthly rise.

    The quickest monthly falls were in Wales, where average rents are down 1.9%.  Rents in Yorkshire and the Humber fell by 0.6% since May, while the West Midlands saw average rents drop by 0.5%.

    Meanwhile, rents in the South East have fallen by 0.4% between May and June, representing a sharp decline from only the previous month. By comparison, between April and May the average monthly rent in the South East had grown by 0.2%.

    On an annual basis, rents in seven out of ten regions remain higher than in June 2012.  London remains the region with the fastest annual rent rises, up 6.4% from a year ago.  However June’s figure is much slower than the recent peak of 7.9% rental inflation registered in the capital in March.  The East Midlands experienced the second fastest annual rises, with rents up 3.4% in June, followed by the North East with rents on average 2.5% higher than a year ago.


  7. New ‘Map View’ search feature! (website)

    11 July 2013

    We have just added a new ‘Map View’ feature to our property search results page on the website!

    This means that whenever you perform a search on our website (for any property or business to buy, let or lease) you can now view your results on a map if you wish!

    Simply click our new ‘Map View’ button in the top right-hand corner of the search results page…

    screenshot of the new map view button

     

    and your search results will be displayed on a map of the local area, like so…

    new map view screenshot

     

    Clicking on any of the properties shown on the map will bring up a brief in-map summary detail the key points of the property and provide a link to the full particulars where you can get full details and view more pictures.

    Simply click the Map View button again to go back to our regular results page whenever you fancy. It’s that simple.

     

    Click to give map view a try.

     


  8. Buy-to-let landlords’ buying spree will keep more families in rental trap

    5 February 2013

    Buy-to-let landlords will embark on a home buying spree in 2013 while young adults and families remain trapped in rental properties, according to a forecast by Britain’s biggest property website.

    Three out of four professional landlords will buy more homes in 2013, while the number of “virgin landlords” looking to buy for the first time is running at the highest level for a year, the research from Rightmove found. Meanwhile, 53% of tenants say they are trapped in renting, wanting to buy a home but unable to afford to do so.

    The research is published as a committee of MPs begins a formal investigation into the problems facing Britain’s “Generation Rent”. The Commons communities and local government committee will examine the potential need for rent controls, regulation of landlords and letting agents, and a revision to tenancy contracts.

    Urgent action is needed to tackle rogue landlords and rip-off letting agent fees, according to the Local Government Association (LGA), which represents 370 councils across England and Wales. It found that tenants are being asked to pay as much as £500 in non-refundable administration fees to letting agents on top of the rent and deposit.

    Tony Newman of the LGA will give evidence to the committee on Monday. Before his appearance, he said: “With the housing market stagnant and a shortage of mortgages available to help first-time buyers, people are increasingly turning to the private rented sector to find a home.

    “For many people looking to rent, the up-front costs of a deposit and agency fees can be huge. We’ve heard stories of some letting agents charging hundreds of pounds just to carry out basic credit and reference checks.”

    Bank lending to landlords fell sharply during the financial crisis but has surged in recent months, boosted by the funding for lending scheme designed to help small businesses and first time buyers. Interest rates on buy-to-let loans have tumbled – Skipton, Coventry and Birmingham Midshires all cut rates for landlords last month – and lending volumes are rising. In the last quarter of 2012, loans to landlords were up 8% to £4.2bn, with new entrants such as Interbay Commercial jostling to offer mortgages of up to £1m spread over 30 years.

    Rising rents (yields average 5.7%) and low-cost mortgages (now below 4%) will spur small landlords to buy more properties in 2013, said Rightmove, even if the long-anticipated investment from institutions such as pension funds has failed to materialise.

    Rightmove director Miles Shipside said: “While the cavalry charge from major institutions seeking to invest in the private rented sector has so far failed to materialise, private landlords, whether accidental, virgin or professional, are seizing the opportunities that come with having the battlefield to themselves.”

    But campaigners at Priced Out , a group representing tenants unable to afford to buy, said without new building, landlords are simply displacing first-time buyers.


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