Homesmart Lettings logo

Latest news from Homesmart Lettings

Search for properties

To buy or to rent?

Property type

Minimum price

Maximum price

Minimum bedrooms

Runcorn Tenant’s Deposits held total £1,288,848

Thu 14 Feb 2019

With the government preparing to control tenant's deposits at five weeks rent, Runcorn landlords will soon only be protected in the event of a single month of unpaid rental-arrears, at a time when Universal Credit has seen some rent arrears quadrupling, and that's before you consider damage to the property or solicitor costs.

Read the full article

Runcorn Property Market – Outlook for 2019

Thu 07 Feb 2019

Runcorn property values are currently 1.3% higher than at the end of 2017, notwithstanding the uncertainty and threats over the potential impact of Brexit in 2019.

Read the full article

49 Days to Sell a Property in Runcorn

Thu 20 Sep 2018

Whether you are a Runcorn landlord looking to liquidate your buy to let investment or a homeowner looking to sell your home, finding a buyer and selling your property can take an annoyingly long time. It is a step-by-step process that can take months and months. In fact, one of the worst parts of the house selling process is the not knowing how long you might be stuck at each step. At the moment, looking at every estate agent in Runcorn, independent research shows it is taking on average 49 days from the property coming on the market for it to be sold subject to contract.

Read the full article

12.9% Drop in the Runcorn and Halton Property Market

Fri 07 Sep 2018

The number of residential property transactions in Halton will be 12.9% lower in 2018, compared to 2017. According to my research, the seasonally-adjusted statistics for our local authority area suggest with the number of properties already sold in 2018, and the number of properties currently under offer or sold subject to contract (allowing for property sales to fall through before exchange of contracts) we, as an area, will end the year 12.92% lower compared to 2017.

Read the full article

49 Days to Sell a Property in Runcorn

Fri 31 Aug 2018

Whether you are a Runcorn landlord looking to liquidate your buy to let investment or a homeowner looking to sell your home, finding a buyer and selling your property can take an annoyingly long time. It is a step-by-step process that can take months and months. One of the worst parts of the house selling process is not knowing how long you might be stuck in each step. At the moment, looking at every estate agent in Runcorn, independent research shows it is taking on average 104 days from the property coming on the market for it to be sold subject to contract.

Read the full article

Value of Runcorn Property Market falls £76.2m

Fri 24 Aug 2018

This is great news for Runcorn first time buyers, and Runcorn buy to let landlords, as there is a slight hesitation in the market because of the uncertainty over Brexit. As I have always said, investing in Runcorn property, be it for you to live in or as a buy to let investment, is a long-term game. In the grand scheme of things, this minor change over the last 5 or 10 years is nothing.

Read the full article

Runcorn Property Market – How Does It Compare Historically to the North West and National Property Markets?

Fri 17 Aug 2018

Living in our own homes or owning buy to let property in Runcorn and the surrounding areas, it’s often easy to ignore the regional and national picture when it comes to property. As a homeowner or landlord in Runcorn, consideration must be given to these markets, as directly and indirectly, they do have a bearing on us in Runcorn. 

Read the full article

‘Taxing’ Time for the 1,393 Runcorn Buy To Let Landlords

Fri 10 Aug 2018

Over the last twenty years, there has been a shift in the way the Runcorn (and the UK’s) property market works. In the 1960’s, 70’s, 80’s and 90’s, a large majority of twenty-somethings saved up their 5% deposit, went without life’s luxuries of going out and holidays etc., for a couple of years and then bought their first home with their hard earned savings. By 2000, 48.4% of Runcorn 25 to 29 years owned their own home (compared to 46% nationally (and 67.7% of Runcorn 30 to 34-year-olds in 2000 owned their own home – again compared to 64.2% nationwide) whilst the remaining youngsters mostly rented from the council and in some rare cases, privately rented. Now it’s 2018, and those levels of homeownership have slipped dramatically, and now only 25.8% of Runcorn 25 to 29-year-olds own their own home and 45.5% of Runcorn 30 to 34-year-olds own their own home (interestingly mirroring the national picture of 24.5% for the younger age cohort and 64.2% for the older 30 to 34 year cohort).

Read the full article

What Will Happen to Runcorn Property Values if Interest Rates Rise?

Fri 03 Aug 2018

The current average value of a property in Runcorn currently stands at £148,250 and the base rates at 0.5%. In many of my articles, I talk about what is happening to property values over the short term (i.e. the last 12 months or the last five years), but to answer this question we need to go back over 40 years, to 1975. 

Read the full article

New Home Building in Runcorn and Halton over the last ten years

Fri 27 Jul 2018

should you, as a landlord for buy to let or for personal occupation, buy a brand-new home? Well, let’s start by looking at the numbers…

Read the full article

The Runcorn Bank of Mum and Dad Lent £996k Last Year

Fri 20 Jul 2018

My analysis has shown that up to the end of the last quarter, Runcorn first-time buyers purchased 175 Runcorn properties.  With wages rising at 2.8%, unemployment at a low rate of 4.2% (down from 4.6% from a year earlier and the joint lowest since 1975), national GDP rising at 1.87% and inflation at 2.3%, tied in with indifferent house price growth (compared to a few years ago), this has given first time buyers a chance to get a foothold on the Runcorn property market.

Read the full article

£109,899 – The Typical Profit Each Runcorn Landlord Could Make in The Next 25 Years

Fri 13 Jul 2018

I am of the opinion that buy to let investment in Runcorn, in the long-term, will bring substantial returns for landlords, irrespective of latest regulation and tax changes.  Taking a very conservative (with a small ‘c’) view, I believe landlords will see a projected net profit of £186,585 per property over the next 25 years through capital gains and rental. When inflation is taken into account that works out at £109,899 (in today’s money) or around £4,396 per year. The breakdown applies to a basic tax-paying landlord placing a characteristic 25% deposit on a £103,700 terraced/town house property.

Read the full article

Additional 1,046 Runcorn Rented Homes Required by 2027

Fri 06 Jul 2018

I have been doing some research, looking both at national and regional reports on the demand and supply of property and people together with future projections on the economy, population and family demographics with some interesting results. According to the Office of National Statistics, in the last financial year nationally, private renting grew by 74,000 households, while the owner-occupied dwelling stock increased by 101,000 and social (aka council and housing association) stock increased by 12,000 dwellings. 

Read the full article

Will the Runcorn Property Market Crash?

Fri 29 Jun 2018

And if it does… who will be the winners and losers? Those Runcorn people wanting property values to drop would be those 30 or 40 something’s, sitting on a sizeable amount of equity and hoping to trade up (because the percentage drop of your current ‘cheaper’ property will be much less than the same percentage drop of the more expensive property – and trading up is all about the difference). If you have children planning to buy their first home or you are a 20 something wanting to buy your first home – you want them to drop. Also, landlords looking to add to their portfolio will want to bag a bargain (or two), and they would love a drop!

Read the full article

62% Drop in Properties For Sale Today in Runcorn Compared to 10 Years Ago

Fri 22 Jun 2018

There is good news for Runcorn buy to let landlords as ‘top of the range’ well-presented properties are getting really decent rents compared to a year ago; however, this rise in rents is thwarting many potential first-time buyers from saving for both a deposit and money for a rainy day. On top of this, there is also a shortage of Runcorn homes coming on the market thus adding fuel to the slowdown and affecting not just Runcorn first-time buyers but also those going up the housing ladder.

Read the full article

Runcorn Property Values 3.5% Higher Than a Year Ago – What’s the Plan to Fix the Runcorn Property Market?

Fri 15 Jun 2018

It’s been nearly 18 months since Sajid Javid, the Tory Government’s Housing Minister, published the white paper “Fixing the Broken UK Housing Market”. Meanwhile, Runcorn property values continue to rise at 3.5% (year on year for the council area), and the number of new homes being constructed locally bumps along at a snail’s pace, creating a potential perfect storm for those looking to buy and sell.

Read the full article

More Than Four Babies Born for Every New Home Built in the Past Five Years in Halton

Fri 08 Jun 2018

This discovery is an important foundation for my concerns about the future of the Runcorn property market – when you consider the battle that today’s twenty and thirty-somethings face to buy their first home and get on the property ladder. This is particularly ironic as these Runcorn youngsters’ are being born in an age when the number of new babies born to new homes was far lower.

Read the full article

Runcorn Property Values 3.5% Higher Than a Year Ago – What’s the Plan to Fix the Runcorn Property Market?

Fri 01 Jun 2018

t’s been nearly 18 months since Sajid Javid, the Tory Government’s Housing Minister, published the white paper “Fixing the Broken UK Housing Market”. Meanwhile, Runcorn property values continue to rise at 3.5% (year on year for the council area), and the number of new homes being constructed locally bumps along at a snail’s pace, creating a potential perfect storm for those looking to buy and sell.

Read the full article

391 Runcorn Landlords Plan to Expand Their Buy To Let Portfolios

Fri 25 May 2018

A noteworthy number of buy to let landlords in Britain plan to buy more properties over the next year notwithstanding the frustrations, challenges and seismic changes in the private rented sector. According to Aldermore, the specialist buy to let lender, their research shows around 41% of portfolio buy to let landlord’s objective is to grow their buy to let portfolio (portfolio landlords are landlords that own more than one property).

Read the full article

Extra Funding Is Required for Affordable Homes in Runcorn

Fri 18 May 2018

In my blog about the Runcorn property market, I mostly only talk about two of the three main sectors of the local property market, the ‘private rented sector’ and the ‘owner-occupier sector’. However, as I often stress when talking to my clients, one cannot forget the third sector, that being the ‘social housing sector’ (or council housing as some people call it).

Read the full article

Runcorn Property Market – Asking Prices Down 2.2% in the Last 12 Months

Fri 11 May 2018

The average asking price of property in Runcorn dropped by 2.2% (£4,288) compared to a year ago, taking the current average asking price to £191,684, compared with £195,972 this time last year. The overall drop in asking prices is being put down to sellers being more realistic with their pricing and looking to benefit from the impending mortgage interest rate rises later in 2018. This is great news for first, second and third time buyers in Runcorn starting their property hunting in the usually active spring market this year facing the opportunity of paying less for the property of their dreams. The even better news is that while first-time buyers also have to pay less for their property, they also have the bonus of the Chancellor stopping stamp duty being paid by first-time buyers!

Read the full article

£501 PCM – The Average Runcorn Rent

Fri 04 May 2018

However, this attention-grabbing monthly rent figure masks stark differences in the various parts of the Runcorn rental market. Demand in Runcorn for high-quality family homes with two or three bedrooms in good catchment areas for schools remains robust due to tenants wanting access to the schools. Other influencing factors that make certain areas popular are the proximity to transport links. However, I have noticed a drop in demand (and thus rents achieved) for property where the landlord hasn’t kept the property fresh; in terms of decoration, carpets, replacement windows and inadequate heating.

Read the full article

Runcorn Property Market – Which Houses are Actually Selling?

Fri 27 Apr 2018

The Beast from the East, Russia, Facebook, Brexit, Trump, House prices up, House prices down… the press is full of column inches on Brit’s favourite subjects of politics, scandal, weather and not forgetting (and I appreciate the irony of this!) the property market. As an agent belonging to a national group of letting and estate agents, talking to my fellow property professionals from around the UK, the one thing that is immediately apparent is the UK does not have one property market. It is a hodgepodge patchwork of lots of small property markets all performing in different ways. 

Read the full article

8% Less Runcorn Home Owners Wanting to Move Than 12 Months Ago

Fri 13 Apr 2018

As I have mentioned a number times in my local property market blog, with not enough new-build properties being built in Runcorn and the surrounding area to keep up with demand for homes to live in (be that tenants or homebuyers), it’s worrying to note that less Runcorn home sellers are putting their properties on to the market than a year ago… or is it a worry?

Read the full article

Runcorn Property Market Worth More Than Pheonix Group

Thu 29 Mar 2018

The value of all the homes in Runcorn has risen by more than 219% in the past two decades, to £3.323bn, meaning its worth more than the stock listed insurance services company Pheonix Group Holdings, which is worth £3.108bn.

Read the full article

Runcorn Council Tax Payers Hit by 13.6% above Inflation Rise

Thu 22 Mar 2018

Buying and selling a home in Runcorn isn’t the easiest or cheapest thing you will ever do. Estate Agent fees, Solicitors fees, Survey fees, Mortgage fees, Removal Van … the costs just mount up throughout every step of the move. Last week, a Runcorn landlord asked me whether the Council Tax Band made a difference to a property’s appeal, be it tenanted or to owner occupiers, when it comes to being sold on the open market and whether extensions or improvements made a difference to the tax banding?

Read the full article

Homeownership Amongst Runcorn’s Young Adults Slumps to 47.83%

Thu 15 Mar 2018

The degree to which young Runcorn people are locked out of the Runcorn housing market has been revealed in new statistics. A Runcorn landlord was asking me the other week to what effect homeownership rates in Runcorn in the early to middle aged adult age range had affected the demand for rental property in Runcorn since the Millennium. I knew anecdotally that it affected the Runcorn rental market, but I wanted some cold hard numbers to back it up. As you know, I like a challenge when it comes to the stats.. so this is what I found out for the landlord, and I’d like to share them with you as well.

Read the full article

191 First Timer Buyers in Runcorn Bought Their First Home in 2017

Thu 08 Mar 2018

A little bit of good news this week on the Runcorn Property Market as recently released data shows that the number of first time buyers taking out their first mortgage in 2017 increased more than in any other year since the global financial crisis in 2009. The data shows there were 191 first time buyers in Runcorn, the largest number since 2006.

Read the full article

An extension could add £32,475 to the value of your Runcorn home

Thu 01 Mar 2018

As our families grow bigger the need for more space, be that bedrooms or reception rooms, has grown with it. Also, as our older generation lives longer and nursing home bills continue to rise quicker than a rocket on the 5th of November  (the average nursing home bill in the area being £655 per week) many families are bringing two households into one larger one.

Read the full article

Runcorn Property Market – The 65.2% ‘New Build Premium’

Thu 22 Feb 2018

According to the National House Building Council (NHBC), more than 16,900 new homes were registered to be built in the North West last year, an increase of 11.9% on 2016 levels of 15,100 dwellings. Great news when you consider it is one of the highest number of new builds in the region since the pre-recession levels of the Credit Crunch and the uncertainty of Brexit and the General Election.

Read the full article

Runcorn’s ‘Millennials’ set to inherit £207,696 each in property!

Thu 15 Feb 2018

That got your attention … didn’t it! But before we start, what is Generation X, let alone Generation Z, Millennials, Baby Boomers  … these are phrases banded around about the different life stages (or subcomponents) of our society. But when terminologies like this are used as often and habitually as these phrases (i.e. Gen X this, Millennial that etc.), it appears particularly vital we have some practical idea of what these terms actually mean. The fact is that everyone uses these phrases, but often, like myself, they are not exactly sure where the lines are drawn …until now…

Read the full article

Runcorn’s £52,785,120 “Rentirement” Property Market Time Bomb

Thu 08 Feb 2018

Yes, I said ‘rentirement’, not retirement … rentirement and it relates to the 397 (and growing) Runcorn people, who don’t own their own Runcorn home but rent their home, privately from a buy to let landlord and who are currently in their 50’s and early to mid-60’s. The truth is that these Runcorn people are prospectively soon to retire with little more than their state pension of £155.95 per week, probably with a small private pension of a couple of hundred pounds a month, meaning the average Runcorn retiree can expect to retire on about £200 a week once they retire at 67.

Read the full article

Runcorn Private Rents Hit £7.53 per sq. foot

Thu 01 Feb 2018

As I am sure you are aware, one the best things about my job as an agent is helping Runcorn landlords with their strategic portfolio management. Gone are the days of making money by buying any old Runcorn property to rent out or sell on. Nowadays, property investment is both an art and science. The art is your gut reaction to a property, but with the power of the internet and the way the Runcorn property market has gone in the last 11 years, science must also play its part on a property’s future viability for investment.

Read the full article

£376.46pm – The Profit made by every Runcorn Property Owner over the last 20 years

Thu 25 Jan 2018

As we go headlong into 2018, I believe UK interest rates will stay low, even with the additional 0.25% increase that is expected in May or June. That rise will add just over £20 to the typical £160,000 tracker mortgage, although with 57.1% of all borrowers on fixed rates, it will probably go undetected by most buy-to-let landlords and homeowners. I forecast that we won’t see any more interest rate rises due to the fragile nature of the British economy and the Brexit challenge. Even though mortgages will remain inexpensive, with retail price inflation outstripping salary rises, it will still very much feel like a heavy weight to some Runcorn households.

Read the full article

With Runcorn Annual Property Values 1% Lower, This is My 2018 Forecast

Thu 18 Jan 2018

Looking at the newspapers between Christmas and New Year, it seemed that this year’s sport in the column inches was to predict the future of the British housing market. So to go along with that these are my thoughts on the Runcorn property market. With the average 5-year fixed rate mortgage at 1.98% (down from 3.47% in 2014) and 2-year fixed rate at 1.47% (down from 2.37% in 2014), mortgage interest rates offered by lenders are at an all-time low (even with the slight increase on the Bank of England base rate a few months ago). Added to this, there has been a low unemployment rate of 5.3% in Runcorn, which has contributed to maintain a decent level demand for property in Runcorn in 2017 (interestingly – an impressive 649 Runcorn properties were sold in last 12 months), whilst finally, the number of properties for sale in the town has remained limited, thus providing support for Runcorn house prices, meaning …

Read the full article

My thoughts on the future of the Runcorn Buy-To-Let Market

Thu 11 Jan 2018

I was recently reading a report by the Home website which suggested that hordes of landlords are selling their buy-to-let investments due to increasing burdens on them in the buy-to-let market. Their findings suggest the number of new properties that came onto the market nationally (for sale) jumped by 11% across the UK as a result. Those increasing burdens include new tax rules coming in over the next 3 to 4 years and the announcement that all self-managing landlords (i.e. landlords that don’t use a letting agent to look after their buy-to-let property) will soon need to register with a compulsory redress scheme to resolve tenant arguments and disputes; as Westminster wants to heighten standards in the Private Rented Sector.

Read the full article

Youngsters unable to buy their first home in Runcorn – Are the Baby Boomers and Landlords to Blame?

Thu 04 Jan 2018

Talk to many Runcorn 20 something’s, where home ownership has looked but a vague dream, many of them have been vexatious towards the Baby Boomer generation and their pushover ‘easy go lucky’ walk through life; jealous of their free university education with grants, their eye watering property windfalls, their golden final salary pensions and their free bus passes. If you had bought a property in Runcorn for say £12,000 in first quarter of 1977, today it would be worth £181,874, a windfall increase of 1415.6%.

Read the full article

Runcorn Apartments are 18.1% more affordable than 10 years ago

Thu 28 Dec 2017

My research shows that certain types of Runcorn property are more affordable today than before the 2007 credit crunch. Roll the clock back to 2007 just before the credit crunch hit which saw Runcorn property values plummet like a lead balloon and the Runcorn property market had reached a peak with the prices for Runcorn property hitting the highest level they had ever reached.  Between 2008 and 2010, Runcorn property values lay in the doldrums and only started to rise in 2011, albeit quite slowly to begin with.

Read the full article

32.36% of Runcorn and Halton is Built on … Building Plot Dilemma or Not?

Thu 21 Dec 2017

Well the fallout from the recent Budget is still continuing.  I was chatting to a couple of movers and shakers from the Runcorn area the other day, when one said, “There isn’t enough land to build all these 300,000 houses Philip Hammond wants to build each year”. …and if you read the Daily Mail, you would be forgiven for thinking the Country was at bursting point … or is it?

Read the full article

Runcorn Property Market and Hammond’s Budget Promise to Build 300,000 more homes

Thu 14 Dec 2017

I remember the days of George Osborne as Chancellor, with his hardhat and hi-vis jacket. He must have visited every new home building site in the UK with his trademark attire! For the last few years, the nearest Philip Hammond got to donning a ‘Bob the Builder’ outfit was at his grandchild’s birthday party. However, with what appears to be a change in focus by the Tories to ensure they get back in power in 2022, they appear to have fallen in love with house building again with the Chancellor’s promise to create 300,000 new households in a year.

Read the full article

Runcorn Rents Set to Rise to £605 pm in Next 5 Years

Thu 07 Dec 2017

It’s now been a good 12/18 months since annual rental price inflation in Runcorn peaked at 1.9%. Since then we have seen increasingly more humble rent increases. In fact, in certain parts of the Runcorn rental market over the autumn, the rental market saw some slight falls in rents. So, could this be the earliest indication that the trend of high rent increases seen over the last few years, may now be starting to buck that trend? Well, possibly in the short term, but in the coming few years, it is my opinion Runcorn rents will regain their upward trend and continue to increase as demand for Runcorn rental property will outstrip supply, and this is why.

Read the full article

INCREASE IN INTEREST RATES TO COST RUNCORN HOME OWNERS £146.11 A YEAR

Thu 30 Nov 2017

Runcorn homeowners will be among those affected by the latest rise in the Bank of England interest rates. The first increase in 10 years; they have just been raised from 0.25 percent to 0.5 per cent. This uplift comes as inflation hits a 51-month high of 2.9 per cent whilst the national unemployment rate is at an all-time low of 4.3 per cent.

Read the full article

89 Rental Properties in Runcorn will be Illegal in 2018

Thu 23 Nov 2017

As the winter months draw in and the temperature starts to drop, keeping one’s home warm is vital. Yet, with the price of gas and electricity rising quicker than a Saturn V rocket and gas, oil and electricity taking on average 4.4% of a typical Brit’s pay packet (and for those Brit’s with the lowest 10% of incomes, that rockets to an eye watering 9.7%), whether you are a tenant or homeowner, keeping your energy costs as low as possible is vital for the household budget and the environment as a whole.

Read the full article

The Runcorn House Price Index: 104.1

Thu 16 Nov 2017

I had the most interesting conversation the other day with a local Runcorn accountant, who asked me about my articles on the Runcorn property market. It was quite humbling to be given praise by such a professional, when he commented enthusiastically on the articles I write. He was particularly interested with the graphs, facts and figures contained within them – so much so he recommended his clients read them, as most of them were either Runcorn homeowners, Runcorn landlords and a lot of the time - both. However, one question that kept me on my toes was, “With so many House-Price-Indices, how do you know which one to use and how can you calculate what is exactly happening in Runcorn?”

Read the full article

Runcorn Homeowners Are Only Moving Every 20 Years (part 2)

Thu 09 Nov 2017

In the credit crunch of 2008/9 the rate of home moving plunged to its lowest level ever. In 2009 the rate at which a typical house would change hands slumped to only once every 38 years. The biggest reason being that confidence was low and many homeowners didn’t want to sell their home as Runcorn property prices plunged after the onset of the financial crisis in 2008. However, since 2009, the rate of home moving has increased (see the table and graph below), meaning today: The average period of time between home moves in Runcorn is now 20 years.

Read the full article

Runcorn Home Owners Are Only Moving Every 20 Years (Part 1)

Thu 02 Nov 2017

As I mentioned in a previous article, the average house price in Runcorn is 4.45 times the average annual Runcorn salary. This is lower than the last peak of 2008, when the ratio was 4.73. A number of City commentators anticipated that in the ambiguity that trailed the Brexit vote, UK (and hence Runcorn) property prices might drop like a stone. The point is - they haven’t.

Read the full article

Moving from a 2 bed Runcorn Property to a 4 bed will cost you £752 pm

Thu 19 Oct 2017

Moving to a bigger home is something Runcorn people with growing young families aspire to. Many people in two bedroom homes move to a three-bedroom home and some even make the jump to a four-bed home. Bigger homes, especially three-bed Runcorn homes are much in demand and it can be a costly move.

Read the full article

Runcorn Buy-to-Let Return / Yields – 2.9% to 9.5% a year

Thu 12 Oct 2017

The mind-set and tactics you employ to buy your first Runcorn buy to let property needs to be different to the tactics and methodology of buying a home for yourself to live in. The main difference is when purchasing your own property, you may well pay a little more to get the home you (and your family) want, and are less likely to compromise. When buying for your own use, it is only human nature you will want the best, so that quite often it is at the top end of your budget (because as my parents always used to tell me – you get what you pay for in this world!).

Read the full article

37.6% Drop in Runcorn People Moving Home in the Last 10 Years

Thu 05 Oct 2017

I was having a lazy Saturday morning, reading through the newspapers at my favourite coffee shop in Runcorn. I find the most interesting bits are their commentaries on the British Housing Market. Some talk about property prices, whilst others discuss the younger generation grappling to get a foot-hold on the property ladder with difficulties of saving up for the deposit. and others feature articles about the severe lack of new homes being built (which is especially true in Runcorn!). A However, a group of people that don’t often get any column inches however are those existing homeowners who can’t move!

Read the full article

Decreasing Numbers of Younger Homeowners in Runcorn

Thu 28 Sep 2017

Jason Cox, 37-year-old father of two from Runcorn, was out house hunting. It was a pleasant August Saturday afternoon, and our man cycles along on his bike. He cycles up a street of suburban semis, where he spots a few retired mature neighbours, chatting to each other over the garden fence. He leans his bicycle against a lamppost and launches softly into his property search.

Read the full article

Slowing Runcorn Property Market? Yes and No!

Thu 21 Sep 2017

My thoughts to the landlords and homeowners of Runcorn… The tightrope of being a Runcorn buy-to-let landlord is a balancing act many do well at. Talking to several Runcorn landlords, they are very conscious of their tenants’ capacity and ability to pay the rent and their own need to raise rents on their rental properties (as Government figure shows ‘real pay’ has dropped 1% in the last six months). Evidence does suggest many landlords feel more assured than they were in the spring about pursuing higher rents on their properties.

Read the full article

Supply and Demand Issues mean Runcorn Property Values Rise by 4.4% in the Last 12 Months

Thu 14 Sep 2017

The most recent set of data from the Land Registry has stated that property values in Runcorn and the surrounding area were 4.48% higher than 12 months ago and 13.82% higher than January 2015. Despite the uncertainty over Brexit as Runcorn (and most of the UK’s) property values continue their medium and long-term upward trajectory. As economics is about supply and demand, the story behind the Runcorn property market can also be seen from those two sides of the story.

Read the full article

Runcorn’s New 3 Speed Property Market

Thu 07 Sep 2017

“What’s happening to the Runcorn Property Market” is a question I am asked repeatedly. Well, would it be a surprise to hear that my own research suggests that there isn’t just one big Runcorn property market – but many small micro-property markets? According to recent data released by the Office of National Statistics (ONS), I have discovered that at least three of these micro-property markets have emerged over the last 20+ years in the town.

Read the full article

Runcorn Property Market and Mysterious Politics of the General Election

Thu 31 Aug 2017

As the dust starts to settle on the various unread General Election party manifestos, with their ‘bran-bucket’ made up numbers, life goes back to normal as political rhetoric on social media is replaced with pictures of cats and people’s lunch. Joking aside though, all the political parties promised so much on the housing front in their manifestos, should they be elected at the General Election. In hindsight, irrespective of which party, they seldom deliver on those promises.

Read the full article

Runcorn Homeowners and their £551.1 million Debt

Thu 24 Aug 2017

Over the last 12 months, the UK has decided to leave the EU, have a General Election with a result that didn’t go to plan for Mrs May and to add insult to injury, our American cousins elected Donald Trump as the 45th President of the United States. It could be said this should have caused some unnecessary unpredictability into the UK property market.

Read the full article

Runcorn’s 2,135 Mortgage Time-Bombs?

Thu 17 Aug 2017

According to my research, of the 26,347 properties in Runcorn, 9,887 of those properties have mortgages on them. 91.9% of those mortgaged properties are made up of owner-occupiers and the rest are buy to let landlords (with a mortgage). … but this is the concerning part .. 2,135 of those Runcorn mortgages are interest only. My research also shows that, each year between 2017 and 2022, 26 of those households with interest only mortgages will mature, and of those, 6 households a year will either have a shortfall or no way of paying the mortgage off. Now that might not sound a lot – but it is still someone’s home that is potentially at risk.

Read the full article

Runcorn Baby Boomers vs. Runcorn Millennials (Part 2)

Thu 10 Aug 2017

Well last week’s article “The Unfairness of the Runcorn Baby Boomer’s £1,279,480,000 windfall?” caused a stir. In it we looked at a young family member of mine who was arguing the case that Millennials (those born after 1985) were suffering on the back of the older generation in Runcorn. They claimed the older generation had seen the benefit of the cumulative value of Runcorn properties significantly increasing over the last 25/30 years (which I calculated at £1.28bn since 1990). In addition many of the older generation (the baby boomers) had fantastic pensions, which meant the younger generation were priced out of the Runcorn housing market.

Read the full article

The Unfairness of the Runcorn Baby Boomer’s £1,279,480,000 Windfall? (Part 1)

Thu 03 Aug 2017

Recently I was having a chat with one of my relatives at a big family get-together. The last time I had seen them their children were in their early teens. Now their children are all grown up, have partners, dogs and children. Wow – how time flies! So, I got talking over a glass of lemonade with my relative and a couple of their children, about the times of 15% interest rates and how the more mature members of our family had to endure the 3 day week, 20% inflation and the threat of nuclear annihilation in 4 minutes .. so, foolishly, I said what with all the opportunities youngsters had today, they had never had it so good!

Read the full article

The Runcorn Property Market, The Beatles, Sweden and 50 year mortgages

Thu 27 Jul 2017

50 years ago, in 1967, the first human heart transplant was performed by Dr Christian Barnard in South Africa. In the same year Sweden switched from driving on the left-hand side to the right-hand side of the road. The average value of a Runcorn property was £1,847, interest rates were at 5.5% and The Beatles released their Sgt Peppers album ... but what has that to do with the Runcorn property market today?? Quite a lot actually ...

Read the full article

Runcorn Buy-To-Let Predictions up to 2037

Thu 20 Jul 2017

On several occasions over the last few months, in my Runcorn Property Blog, I predicted that the rate of rental inflation (i.e. how much rents are rising by) had eased over the last year. At the same time I felt that in some parts of the UK rents had actually dropped for the first time in over eight years. Recent research backs up this prediction. Rents in Runcorn for new tenancies only grew by 0.9% in the last 12 months (i.e. not existing tenants experiencing rental increases from their existing landlord). When we compare that current rate with the historical rental inflation in Runcorn, an interesting pattern emerges ..

Read the full article

2,441 Runcorn Landlords – Is This a Legal Tax Loop-Hole?

Thu 13 Jul 2017

As a landlord myself, this is an article very close to my heart as in November 2015, George Osborne disclosed plans to restrain the buy-to-let (BTL) market, implying its growing attractiveness was leaving aspiring first time buyers contesting with landlords for the restricted number of properties on the market. One of things he brought in was that tax relief on BTL mortgages would be capped, starting in April 2017

Read the full article

Council House Waiting List in Runcorn Drops by 59.5% in last 3 years

Thu 06 Jul 2017

Should you buy or rent a house? Buying your own home can be expensive but could save you money over the years. Renting a property through a letting agent or private landlord offers less autonomy to live by your own rules, with more flexibility if you need to move. Yet, there is third way that many people seem to forget, yet it plays an important role in the housing of Runcorn people. Collectively known as social housing, it is affordable housing, which is let by a housing association to those considered to be in specific need, at rents below those characteristic in the private rental market.

Read the full article

Runcorn First Time Buyers Mortgages taking 23.8% of their Wages

Thu 29 Jun 2017

I received a very interesting letter the other day from a Runcorn resident. He declared he was a Runcorn homeowner, retired and mortgage free. He stated how unaffordable Runcorn’s rising property prices were and that he worried how the younger generation of Runcorn could ever afford to buy? He went on to ask if it was right for landlords to make money on the inability of others to buy property and if, by buying a buy to let property, Runcorn landlords are denying the younger generation the ability to in fact buy their own home.

Read the full article

39.5 miles – The average distance people go to escape living in Runcorn

Thu 22 Jun 2017

“How far do Runcorn people go to move to a new house?” This was an intriguing question asked by one of my clients the other week. Readers of my property blog will know I love a challenge, especially when it comes to talking about the Runcorn Property Market! For the majority, the response is not very far. It is much more common for homeowners and tenants in Great Britain to move across town than to the next town or county.

Read the full article

Runcorn Flats Out Perform Property Market Average by 9%

Thu 08 Jun 2017

According to the Land Registry's latest House Price Index for Runcorn and the surrounding locality, the value of apartments/flats are rising at a faster rate than terraced/town houses and semi-detached properties. Values of apartments in Runcorn have increased by 8.78% over the past year, which is proportionally 9% more than the Runcorn average rise of 8.06%. The last time flats/apartments in Runcorn out performed all the other types of property, by this much, was back in the autumn of 2003. For comparison, the other property types performed as follows ..

Read the full article

4.02 Babies Born for Each New Home Built in the Halton area

Thu 01 Jun 2017

As more babies are being born to Runcorn and Halton mothers, I believe this increase will continue to add pressure to the over stretched Halton property market and materially affect the local property market in the years to come. On the back of eight years of ever incremental increasing birth rates, a significant 4.02 babies were born for every new home that was built in the Halton council area in 2016. I believe this has and will continue to exacerbate the Halton housing shortage, meaning demand for housing, be it to buy or rent, has remained high.

Read the full article

What will the General Election do to 15,377 Runcorn Homeowners?

Thu 25 May 2017

In Runcorn, of the 26,347 households, 6,296 homes are owned without a mortgage and 9,081 homes are owned by a mortgage. Many homeowners have made contact me with asking what the General Election will do the Runcorn property market? The best way to tell the future is to look at the past.

Read the full article

Hard Brexit could cause 500 properties to be dumped onto the local Property market

Thu 18 May 2017

So all cards up in the air! A general election will be on the books, but one thing is for sure ... whoever gets the job to deal with Brexit has a hard job on their hands (I'm just glad its not me!) As it currently stands, by not assuring the rights of EU citizens in the UK, Theresa May has squandered an opportunity to give peace of mind to our EU co-workers working and living in Runcorn (and the rest of the UK). No.10 Downing Street’s point of view is that in promising the rights of EU citizens in the UK, it will postpone the same guarantee to the 1.5 million UK citizens living in the other nations of the EU.

Read the full article

Runcorn rents rise by 13.1% since 2005

Thu 27 Apr 2017

The Runcorn Property Market is a very interesting subject and has been particularly fascinating over the last 12 years when we consider what has happened to Runcorn rents and house prices. There’s currently much talk of what will happen to the rental property market following Brexit. To judge that, I believe we must look what happened in the 2008/9 credit crunch (and what has happened since)

Read the full article

Runcorn’s housing affordability hits a ratio of 4.45 to 1

Thu 20 Apr 2017

A Runcorn homeowner emailed me last week, following my article posted in the Runcorn Property Blog about the change in attitude to renting by the youngsters of Runcorn and how they thought it was too expensive for first time buyers to buy in Runcorn. There can be no doubt that buy to let landlords have played their part in driving up property values in Runcorn (and the UK) and from that made housing a lot less affordable for the 20 and 30 somethings of Runcorn.

Read the full article

Runcorn Rents To Rise Quicker Than Runcorn Property Prices In Next 5 Years

Thu 13 Apr 2017

The next five years will see an interesting change in the Runcorn property market. My recent research has concluded that the rent private tenants pay in Runcorn will rise faster than Runcorn property prices over the next five years, creating further issues to Runcorn’s growing multitude of renters. In fact, my examination of statistics forecasts that ..

Read the full article

Only 777 Properties For Sale in Runcorn

Thu 06 Apr 2017

2017 has started with some positive interest in the Runcorn property market. Taking a snap shot of the Runcorn property market for the first quarter of 2017, the picture suggests some interesting trends when it comes to the number of properties available to buy, their asking prices and what prices properties are actually selling for.

Read the full article

‘Flipping’ Heck - Runcorn Property Values Rise by £12.88 a day

Thu 30 Mar 2017

Investing in Runcorn buy to let property is different from investing in the stock market or depositing your hard-earned cash in the Building Society. When you invest your money in the Building Society, this is considered by many as the safe option but the returns you can achieve are awfully low (the best 2-year bond rate from Nationwide is a whopping 0.75% a year!).

Read the full article

Runcorn Buy to Let Deal - Fabulous location, 4 beds, Wolverton Drive, Norton- Gross Yield 6.5%

Sat 25 Mar 2017

I had the pleasure of attending an event last week with lots of other estate and letting agents from around the country. It always makes me feel so blessed to live in the north west of England where yields on buy to let are so good. In other parts of the county yields are so much lower and landlords are having to get in to HMO's or serviced accommodation to get the yields we are accustomed to.

Read the full article

How The Rented Sector Has Transformed The Property Market In Runcorn

Thu 23 Mar 2017

The Runcorn housing market has gone through a sea change in the past decades with the Buy-to-Let (B-T-L) sector evolving as a key trend, for both Runcorn tenants and Runcorn landlords. A few weeks ago, the Government released a White Paper on housing. I have had a chance now to digest the report and wish to offer my thoughts on the topic. It was interesting that the private rental sector played a major part in the future plans for housing. This is especially important for our growing Runcorn population.

Read the full article

Runcorn’s ‘Generation Trapped’ and the £1.86bn legacy

Thu 16 Mar 2017

Last week, I wrote an article on the plight of the Runcorn 20 something’s often referred to by the press as ‘Generation Rent’. Attitudes to renting have certainly changed over the last twenty years and as my analysis suggested, this change is likely to be permanent. In the article, whilst a minority of this Generation Rent feel trapped

Read the full article

‘Generation Rent (Forever)’ – 2,105 Runcorn Tenants have no intention of ever buying a property to call home

Thu 09 Mar 2017

The good old days of the 1970’s and 1980’s eh … with such highlights lowlights as 24% inflation, 17% interest rates, 3 day working week, 13% unemployment, power cuts ... those were the days (not)… but at least people could afford to buy their own home. So why aren’t the 20 and 30 something’s buying in the same numbers as they were 30 or 40 years ago?

Read the full article

Buy to let Bargain sold in Runcorn for £ 55K, potential yield of over 11 %

Mon 06 Mar 2017

4 bedroom bungalow, 109 The Uplands. Possible Yield of over 11%! SOLD FOR £55K. I was surprised to notice that a 4 bedroom bungalow on The Uplands had recently sold in the SDL auction on 22nd February for £55,000. I though those days of the bargain properties with a price tag beginning with a 5 were well and truly over so it certainly put a smile on my face on a wet and windy day. From the pictures in the auction catalogue it looked like it needed a full refurbishment, but even with a £10,000 renovation, it will still have made someone a great little investment property.

Read the full article

Runcorn First Time Buyers borrow £26.3m in the last 12 months

Thu 02 Mar 2017

Starting with the bigger picture, over the last 12 months in the UK, 1,061,557 properties were sold with a total value of £223.74 bn. To give that some context, ten years ago 1,581,727 properties sold with a total value of £405.56bn, so it can be seen the number of people moving

Read the full article

With 5,483 people in Private Rented Properties in Runcorn - Should you still be investing in Runcorn Buy To Let?

Thu 23 Feb 2017

As a buy to let landlord in Runcorn today, I feel a little bruised by the assault made on my wallet after being (and continuing to be) ransacked over the last 12 months by HM Treasury’s tax changes on buy to let. To add insult to injury, Brexit has caused a tempering of the Runcorn property market

Read the full article

133 Runcorn Households Occupied by OAP Renters

Thu 16 Feb 2017

Recent statistics published by the Office of National Statistics show that there are 267,704 private rented households in the Country that are occupied by people aged 65 and older, meaning 4.39% of OAP’s are living in private rented property.

Read the full article

Runcorn Unemployment Drops to 5.2% and its effect on the Runcorn Property Market

Thu 09 Feb 2017

It was late May 2016, The Right Hon. Member for Tatton, Mr George Osborne, published an official HM Treasury analysis stating UK house prices would be lower by at least 10% (and up to 18%) by the middle of 2018 compared with what is expected if the UK remained in the European Union. So, eight months on from the Referendum, are we beginning to show signs of that prophecy? The simple answer is yes and no.

Read the full article

£ 3.77 bn – The total value of all Runcorn Property Market

Thu 02 Feb 2017

“How much would it cost to buy all the properties in Runcorn?” This fascinating question was posed by my almost 14 year old daughter as we were chatting over the Christmas holidays (doesn’t that seem an age away now!). I thought to myself, that over the Christmas break

Read the full article

This weeks buy to let deal in Runcorn, 70-72 Church Street, 8 % gross yield

Mon 30 Jan 2017

Now I am excited about this week’s buy to let deal I have picked for you, as soon as I saw it come up for auction. it’s a beautiful character building on Church Street in Runcorn town centre. Now, the reason this is such an attractive deal, is that it is currently tenanted until 2021 where it is let to a charity

Read the full article

£ 13m a year black hole in the Runcorn Property Market - Is Buy to Let Immoral? (Part 2)

Thu 26 Jan 2017

An Englishman’s Home is His Castle as Maggie Thatcher lauded - everyone should own their own home. In 1971, around 50% of people owned their own home and, as the baby-boomers got better jobs and pay, that proportion of homeowners rose to 69% by 2001.

Read the full article

Runcorn Buy To Let Deal - 4 Bedroom in Cunningham Drive - 7% Yield

Mon 23 Jan 2017

The property I have picked out for you this week is on the market with Edwards Grounds. I have had my eye on this for quite a while as for the size of accommodation on offer, it is a great price. It has been on the market since June but has now been reduced to £104,950. It offers 4 bedrooms to the

Read the full article

Runcorns private renting set to hit 3,442 households by 2021 - Is Buy to Let immoral? (Part 1)

Thu 19 Jan 2017

Can we blame the 55 to 70-year-old Runcorn citizens for the current housing crisis in the town? Also known as the ‘Baby Boomer Generation’, these Runcorn people were born after the end of the Second World War as the country saw a massive rise in births as they slowly recovered from the economic hardships experienced during wartime.

Read the full article

Runcorn Great Buy To Let Deal - 3 Bedroom Mid Terrace in Brookvale - 8% Yield

Mon 16 Jan 2017

If you are looking to invest in the Runcorn property market, the house I have picked out for you this week is a 3 bedroom mid terraced estate home on the market with Edwards Grounds, for £69,950.

Read the full article

Runcorn Property Market Sees An Unpredicted Autumn Boost of 3%

Thu 12 Jan 2017

Well, it doesn’t seem like two minutes ago that it was Christmas – and now it’s all over! One cold December morning, after arranging the office’s Christmas cards I thought I would nip out for a quick festive hot chocolate and cake at my favourite local coffee shop The Bake House. I met an old client of mine in the coffee shop and we got talking about the Runcorn property market.

Read the full article

We Are Hiring in Runcorn

Tue 10 Jan 2017

We are hiring at HomeSmart Lettings

Read the full article

HomeSmart Lettings in the Runcorn news

Mon 09 Jan 2017

Check out our local news feature in this weeks news.

Read the full article

Runcorn property price rises set to be more restrained in 2017 due to Brexit

Thu 05 Jan 2017

While Brexit has not yet had a sizeable impact on the Runcorn housing market, my analysis is pointing to the fact that the economic viewpoint still remains uncertain and Runcorn property price growth is likely to be more subdued in 2017 - although that isn’t a bad thing so let me explain.

Read the full article

Runcorn OAP’s sitting on £663.9 m of Property

Thu 29 Dec 2016

Runcorn people aged over 65 currently hold more housing wealth in their homes than the annual GDP of the whole of the Orkney Islands … and this is a problem for everyone in Runcorn! Many retiree’s want to move but cannot, as there is a shortage of such homes for mature people to downsize into.

Read the full article

Our Festive Opening Hours

Fri 23 Dec 2016

Merry Christmas from us all here at HomeSmart Lettings. Here's our opening hours.

Read the full article

Runcorn Property Market – Q4 Update  

Thu 22 Dec 2016

Well, hasn’t 2016 been eventful. The ups and downs of Brexit, the Queen’s 90th, Andy Murray winning Wimbledon, Trump, Bake Off to Channel 4 and something close to the hearts of every buy to let landlord and homeowner in Runcorn ... the Runcorn property market.

Read the full article

Runcorn Semi Detached House Prices rise by 245% in 20 years

Thu 15 Dec 2016

The semi-detached house with its bay windows and net curtains has long been ridiculed as an emblem of safe, lacklustre and desperately uncool suburban life; the homes of the likes of Hyacinth Bucket in Keeping up Appearances and more latterly Alan Partridge – but they could have the last laugh - having enjoyed the highest price growth of any property type in Runcorn, up by an average 245%

Read the full article

Runcorn First Time Buyers Are Paying 9% More Than 12 Months Ago

Thu 08 Dec 2016

Figures just released by the Bank of England, show that for the first half of 2016, £128.73bn was lent by UK banks to buy UK property - impressive when you consider only £106.7bn was lent in the first half of 2015. Even more interesting, was that most of the difference was in Q2, as £68.12bn was lent by UK banks in new mortgages for house purchase, which is the highest it has been for two years.

Read the full article

Merry Christmas From HomeSmart Lettings

Thu 01 Dec 2016

With over 58 million views on Rightmove over the festive period, there has never been a better time to put your property on the market to let. Call into our office today to see how you can make the most of your investments.

Read the full article

£2m paid in Stamp Duty by Runcorn Residents

Thu 01 Dec 2016

“A pound saved is worth two pounds earned . . . after taxes” is what my Grandfather used to say. He loved his irony, yet was always a wise man, and it is tax I want to talk about today, in particular, property taxation .. Stamp Duty in fact. Apart from some minor exemptions, Stamp Duty is paid by anyone buying a property over £125,000 in the UK.

Read the full article

Runcorn Landlords and Tenants : What does the Tenant Fee Banning order mean for you?

Mon 28 Nov 2016

With our new Chancellor of the Exchequer revealing a ban on tenant fees in his first Autumn Statement on Wednesday what does this actually mean for Runcorn tenants and Runcorn landlords? The private rental sector in Runcorn forms an important part of the Runcorn housing market and the engagement from the chancellor in Wednesday’s Autumn Statement is a welcome sign that it is recognised as such.

Read the full article

Average Rent Paid by Tenants in Runcorn rise to £625 per month

Thu 24 Nov 2016

Back in the Spring, there was a surge in Runcorn landlords buying buy to let property in Runcorn as they tried to beat George Osborne’s new stamp duty changes which kicked in on the 1st April 2016. To give you an idea of the sort of numbers we are talking about, below are the property statistics for sales either side of the deadline in WA7.

Read the full article

Runcorn Property Values decrease by 0.89% ... good or bad news?

Thu 17 Nov 2016

How's the Runcorn housing market doing? My husband John and I were reflecting last week. It is quite strange, let me explain... Even the Brexit vote has not significantly hindered Runcorn’s steady rise in property value, as Runcorn property values only went slightly down 0.89% last month, but still leaving Runcorn values 5.19% higher than a year ago.

Read the full article

Runcorn Housing Crisis? 5.2% of Runcorn Homes Are For Sale

Thu 10 Nov 2016

The Runcorn Property Market continues to disregard the end of the world prophecies of a post Brexit fallout with a return to business as usual after the summer break. The challenge every Runcorn property buyer has faced over the last few years is a lack of choice – there simply hasn't been much to choose from when buying (be it for investment or owner occupation).

Read the full article

Private Renting set to grow by 1,000 Runcorn households by 2025

Thu 03 Nov 2016

I was having a most interesting chat the other day with a Runcorn landlord when we were looking at a property. As I am sure you are aware, I am always happy to cast my eye over any potential buy to let purchase in Runcorn, be that you emailing me a Rightmove link, a brochure in the post or even treading the carpet and seeing it together. I don't charge for that, and you don't even need to be a client of mine.

Read the full article

Trick or Treat

Sat 29 Oct 2016

Trick or Treat, at HomeSmart Lettings you won't find any tricks, only treats

Read the full article

5.2% of Runcorn People live in Shared Households

Thu 27 Oct 2016

I had an interesting chat the other day with a Runcorn landlord. He said he had been chatting with an architect friend of his who said back in the mid 2000’s, the developments he was asked to draw were a balance of one and two bed properties, compared to today where the majority of the buildings he is designing are more towards two and sometimes three bedrooms

Read the full article

House Prices in Runcorn rise by more than 11% in the last 18 months

Thu 20 Oct 2016

You will be pleased to know that over the last month, the Runcorn property market has seen some interesting movement in house prices, as property values in the Halton Borough Council area rose by 0.7% in the last month, to leave annual price growth at 6.7%

Read the full article

What is really happening in the Runcorn Property Market?

Thu 06 Oct 2016

Well its been a few months since Brexit and as we settle into the Autumn with Great British Bake Off, Strictly and the Football season ... the newspapers are returning to their mixed messages of good news, bad news and indifferent news about the Brit’s favourite subject after the weather ... the property market. The thing is the UK does not have one housing market.

Read the full article

648% - Rise in Runcorn Property Prices since 1981

Thu 29 Sep 2016

Roll the clock back 35 years to 1981, and Mrs. T was in power, we had a Royal Wedding, Britain won the Ashes and Bucks Fizz won Eurovision with ‘Making your Mind up’ (I was only 7 but can remember it well). Haven’t things changed. The number of homeowners and property investors who said they wish they had hindsight and bought up every house in Runcorn all those years ago, especially when you consider what has happened to Runcorn property values, as… Runcorn Property Values since 1981 have risen by 648%

Read the full article

The 5,836 Runcorn Savers batten down the hatches with low interest rates set to continue into the 2020’s

Thu 22 Sep 2016

You might ask, what has the plight of the Runcorn savers to do with the Runcorn Property Market … everything in fact. Read the newspapers, and every financial wizard is stating that with the decision of the Bank of England’s Monetary Policy Committee in early August to cut the Bank of England base rate to an all time low of 0.25 per cent, savers should prepare themselves for interest rates to stay low well into the early 2020’s

Read the full article

What will the 0.25% Interest Rate do to the Runcorn Property Market?

Thu 15 Sep 2016

I had an interesting chat with a Norton landlord who owns a few properties in the town. We had never spoken before (because he uses another agent in the town to manage his Runcorn properties) yet after reading my newsletter on the Runcorn Property Market, the landlord wanted to know my thoughts on how the recent interest rate cut would affect the Runcorn property market and I would also like to share these thoughts with you…

Read the full article

Only 39.7% of Runcorn Rented Property have Children living in them

Thu 08 Sep 2016

An interesting question I was thinking about is – “Are Runcorn Landlords meeting the Challenges of tenanted families bringing up their families in Runcorn?” Irrespective of whether you are tenant or a homeowner, to bring up a family,, the most important factors are security and stability in the home.

Read the full article

New House Building in Runcorn increased by 11.5% in the last year

Thu 01 Sep 2016

With Brexit and the fact immigration numbers will now be reduced in the coming years, there is an unending and severe shortage of new housing being built in the Runcorn area (and the UK as a whole). Even if there are short term confidence trembles fueled by newspapers hungry for bad news, the ever

Read the full article

8,000 People Live In Every Square Mile Of Runcorn – Is Runcorn Over Crowded?

Thu 25 Aug 2016

Runcorn is already in the clutches of a population crisis that has now started to affect the quality of life of those living in Runcorn. There are simply not enough homes in Runcorn to house the greater number of people wanting to live in the town.

Read the full article

85.3% of Runcorn Properties have 3 or more bedrooms – Problem or Opportunity?

Thu 18 Aug 2016

With the majority of properties in Runcorn having 3 or more bedrooms, does this create a problem or an opportunity. Find out our views here.

Read the full article

HomeSmart Lettings opens its doors

Wed 25 May 2016

HomeSmart Lettings opened its doors on May 21st 2016.

Read the full article

Liverpool’s Landlord Licensing Scheme Won’t Identify Crooks, Says RLA

Thu 04 Feb 2016

Although some have labelled it a governmental taxation ploy targeting landlords, there’s no denying that some good intentions form the backbone of the Landlord Licensing Scheme that came into effect across the Liverpool region on April 1st 2015.

Read the full article

The true costs of being a landlord

Fri 29 Jan 2016

During our journey as a professional residential lettings management company we have worked with a wide range of different landlords, from those renting out an individual property they inherited, to investors with a portfolio of property lets.

Read the full article

Landlords: do you really know your tenants?

Wed 27 Jan 2016

In the residential property lettings industry, it’s not uncommon to hear horror stories surrounding so-called tenants from hell. Making bad decisions over whom to let their cherished properties out to can result in landlords facing sizeable clean-ups, legal bills and the financial pain of having to restore a property back to its formerly admirable state.

Read the full article

Landlords tasked by government to monitor illegal immigrants

Thu 21 Jan 2016

As if landlords don’t already have enough on their plates, they are soon to be responsible for carrying out initial and subsequent periodic immigration checks on their tenants, under the ‘Right to Rent’ code of practice championed by the government.

Read the full article

Is the replacement of the wear and tear allowance good for landlords?

Tue 19 Jan 2016

Almost half of UK landlords will be affected by the government likely replacing the existing wear and tear allowance with a tax relief system from April 2016 onwards, according to research for the National Landlords Association (NLA).

Read the full article

Who are the Winners and Losers in Recent Tax Changes for Landlords?

Tue 15 Dec 2015

Who are the Winners and Losers in Recent Tax Changes for Landlords?

Read the full article