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While the stamp duty holiday has boosted buyer demand and activity in the housing market, it hasn’t helped all buyers. The nature of the saving on offer means people looking to upsize property, or who are buying more expensive property benefit most.
As a landlord, you know how important it is to comply with regulations. At Thomas Morris, we work hard to ensure landlords are fully informed with the regulations impacting the industry and their business.
On Friday December 4th at 4pm the charity Agents Giving will be holding the Acts of Kindness Awards hosted by TV personality and property expert Phil Spencer – and you are invited!The event will be broadcast online and this year will be open to members of the general public to watch as well as estate agents, property pundits and industry suppliers.In addition to the awards themselves there are numerous other activities including an online auction, music, and various other activities including a “Virtual After Show Party”. The event is free to watch, though viewers are invited to make a voluntary donation of just £10 which will go to NHS Charities Together if they would like. As an extra incentive, all individuals who do donate will be entered into a draw with a prize of £200 of Amazon Vouchers!“ It’s gong to be a really fun event. ” said Thomas Morris Managing Director Simon Bradbury “ It’s great that for the first time people other than property professionals can get involved and recognise the amazing work that our industry does for their local communities up and down the country. NHS Charities Together is a brilliant cause and will hopefully benefit enormously for what promises to be an entertaining hour – hosted by Phil Spencer. “If you are interested in finding out more click here…To register your interest click here and you will then receive details to “ Get Ready “ and log in to watch the event on the Twitch platform
The stamp duty holiday has invigorated the housing market, and many households are contemplating moving home. There is no denying the impact of the lockdown has caused many people and families to re-evaluate their home, and what they need to make the most out of life.
There is no denying tenants, like buyers, are looking for homes with more space. The lockdown period earlier in the year has significantly affected how people view their home, and what they consider essential for modern living.
With so much focus on the property market, and the impact of the stamp duty holiday, we appreciate times are challenging for landlords. It might seem as though there is a significant push to move people towards homeownership and away from renting.
At Thomas Morris, we stay in touch with clients, which allows us to offer relevant guidance in the market. We have spoken with many landlords in St Neots, and we have branches across England, allowing us to better understand the day to day challenges landlords face.
The stamp duty holiday has increased focus on the importance of price and saving money. This isn’t a surprise, most people like to save money, no matter what they buy. However, in the housing market, saving money is crucial.
There is no denying the COVID-19 pandemic has significantly impacted landlords and the rental market. Not only must landlords consider their personal finances and business finances, they should pay attention to the financial pressure tenants face.