Not just a Lettings agent

We pride ourselves on being amongst the leaders of innovation in the property sector, we set out to create and implement ideas that aren’t typically thought of, at least not within the realm of the property market.
We like to set the bar for other agencies in digital capability and prowess.

What’s the latest Idea?

Since we’re the kind of company that likes to keep ahead of the curve, we’ve decided to expand our digital influence into the metaverse by minting unique NFTs of various aspects of the business, including our theme, logo, staff, properties and even other unique images such as capturing a moment of joy between our tenants on a night out. We aim to capture your moments of happiness and immortalise them as a unique NFT so that you can have a token of your time here with us and in the beautiful city of Leeds.

Sounds Great how do I get involved?

Getting involved is extremely simple, We aim to do a few Giveaways over on our social media pages very soon, primarily on Instagram and tik tok, so keep an eye out for those! We also plan on minting completely unique NFTs for our landlords and tenants at your request. Simply contact us over the phone at 0113 345 3031 and ask to speak to our digital coordinator or send an e-mail to info@switchproperties.co.uk requesting further information.

Get in touch with us.

switch properties are your local property experts in the Central and South Leeds areas.

Get in touch for a chat on 0113 345 3031 or email info@switchproperties.co.uk.

Check out the Direct Hub for helpful articles, such as our pricing structure and our process.

Not just a Lettings agent

We pride ourselves on being amongst the leaders of innovation in the property sector, we set out to create and implement ideas that aren’t typically thought of, at least not within the realm of the property market.
We like to set the bar for other agencies in digital capability and prowess.

What’s the latest Idea?

Since we’re the kind of company that likes to keep ahead of the curve, we’ve decided to expand our digital influence into the metaverse by minting unique NFTs of various aspects of the business, including our theme, logo, staff, properties and even other unique images such as capturing a moment of joy between our tenants on a night out. We aim to capture your moments of happiness and immortalise them as a unique NFT so that you can have a token of your time here with us and in the beautiful city of Leeds.

Sounds Great how do I get involved?

Getting involved is extremely simple, We aim to do a few Giveaways over on our social media pages very soon, primarily on Instagram and tik tok, so keep an eye out for those! We also plan on minting completely unique NFTs for our landlords and tenants at your request. Simply contact us over the phone at 0113 345 3031 and ask to speak to our digital coordinator or send an e-mail to info@switchproperties.co.uk requesting further information.

Get in touch with us.

switch properties are your local property experts in the Central and South Leeds areas.

Get in touch for a chat on 0113 345 3031 or email info@switchproperties.co.uk.

Check out the Direct Hub for helpful articles, such as our pricing structure and our process.

1. Painting the walls

You may think it goes without saying, but painting your walls is one of the easiest ways to give your property a totally new look. So, if the current colour scheme isn’t to your liking, giving the walls a lick of paint will instantly leave your home feeling refreshed at a small cost! When choosing a colour, white is timeless and will make your rooms feel spacious. However, it’s your home now, so why not add some personality with a pop of colour or accent wall.

2. Spruce up your kitchen

As a first time buyer, you might think it will cost thousands to remodel your kitchen. However, if you feel like your kitchen is tired and needs updating, then redesigning the current space is the perfect solution. Painting the units, in a bold or neutral colour is the ultimate way to renovate, improve and rejuvenate the look of your space on a budget. Add some new cupboard handles and taps to really complete the look.

3. Improve the exterior

First impressions count! The exterior is just as important as the interior. Renovating the exterior on a budget can be simple, cheap, and effective. Putting potted plants at the entrance of your home can make your porch appealing and inviting – not to mention they are affordable! Whilst you’re outside, why not give your front door a lick of paint, this can really change the external look of your home.

4. Add a feature wall

Adding a feature wall has become increasingly popular. It’s a great way to add a statement to your room. Try adding pallet shelving, unique wall art, or a splash of colour; to create a new and fresh feel to your home.

5. Furniture

When buying furniture for your first home, it doesn’t have to be new. Facebook marketplace and local groups are fantastic ways to find stylish furniture at a budget price. Whether it be: sofas, coffee tables, kitchen tables- you name it, you’ll find it. So, take your time to look through these pages and you’re bound to find the perfect furniture for the right price. Even if it’s not quite what you’re after, try to see the potential in old furnishing, could it be spruced up with a lick of paint and some TLC?

6. Lighting

Improving lighting is always a good way to renovate your home. Although lighting is something we use daily without giving it much thought, there are some fantastic ways to make it a feature in your home. Adding spotlights, garden lights or floor lights has become a popular trend as it gives a stylish modern feel for little to nothing.

7. Bathroom improvements

Was the outdated bathroom a compromise on your new home? Not to worry, there are many cost-effective ways to revitalise your bathroom, which are simple to do! Start by choosing three complimenting colours to bring into your bathroom. Once you’ve chosen the colour scheme it’s time to assemble fittings, paint the walls, buy fresh towels and new mirrors, and put it together to create a modern-looking bathroom.

8. Stairs

The stairs in some properties can be first to greet you through the door, or perhaps they are open in your living room. There are many ways you can improve the look of your stairs to give them a modern look. By removing old carpet and sanding and painting the wood underneath, painting the existing bannister or even replacing spindles for something with a more modern finish you can really transform a room or entrance!

9. Panelling

Panelling is becoming an increasingly popular trend when it comes to home renovation or improvement, and it is not overly costly to achieve. With some plywood, glue, tape measure, paint, and a good YouTube tutorial, you can transform your hallways, stairways, or bedrooms to give them a more luxurious and expensive look!

10. Fireplace

Unless you are buying a new build, your home will likely have a fireplace in the living room, as a focal point; sprucing this area up can make all the difference to your room! Painting the existing mantelpiece and decorating it with some stylish pieces can really change your lounge, giving it a modern and fresh look!

Get in touch with us.

switch properties are your local property experts in the Central and South Leeds areas.

Get in touch for a chat on 0113 345 3031 or email info@switchproperties.co.uk.

Check out the Direct Hub for a whole bunch of useful information, such as our pricing structure and our process.

1. Painting the walls

You may think it goes without saying, but painting your walls is one of the easiest ways to give your property a totally new look. So, if the current colour scheme isn’t to your liking, giving the walls a lick of paint will instantly leave your home feeling refreshed at a small cost! When choosing a colour, white is timeless and will make your rooms feel spacious. However, it’s your home now, so why not add some personality with a pop of colour or accent wall.

2. Spruce up your kitchen

As a first time buyer, you might think it will cost thousands to remodel your kitchen. However, if you feel like your kitchen is tired and needs updating, then redesigning the current space is the perfect solution. Painting the units, in a bold or neutral colour is the ultimate way to renovate, improve and rejuvenate the look of your space on a budget. Add some new cupboard handles and taps to really complete the look.

3. Improve the exterior

First impressions count! The exterior is just as important as the interior. Renovating the exterior on a budget can be simple, cheap, and effective. Putting potted plants at the entrance of your home can make your porch appealing and inviting – not to mention they are affordable! Whilst you’re outside, why not give your front door a lick of paint, this can really change the external look of your home.

4. Add a feature wall

Adding a feature wall has become increasingly popular. It’s a great way to add a statement to your room. Try adding pallet shelving, unique wall art, or a splash of colour; to create a new and fresh feel to your home.

5. Furniture

When buying furniture for your first home, it doesn’t have to be new. Facebook marketplace and local groups are fantastic ways to find stylish furniture at a budget price. Whether it be: sofas, coffee tables, kitchen tables- you name it, you’ll find it. So, take your time to look through these pages and you’re bound to find the perfect furniture for the right price. Even if it’s not quite what you’re after, try to see the potential in old furnishing, could it be spruced up with a lick of paint and some TLC?

6. Lighting

Improving lighting is always a good way to renovate your home. Although lighting is something we use daily without giving it much thought, there are some fantastic ways to make it a feature in your home. Adding spotlights, garden lights or floor lights has become a popular trend as it gives a stylish modern feel for little to nothing.

7. Bathroom improvements

Was the outdated bathroom a compromise on your new home? Not to worry, there are many cost-effective ways to revitalise your bathroom, which are simple to do! Start by choosing three complimenting colours to bring into your bathroom. Once you’ve chosen the colour scheme it’s time to assemble fittings, paint the walls, buy fresh towels and new mirrors, and put it together to create a modern-looking bathroom.

8. Stairs

The stairs in some properties can be first to greet you through the door, or perhaps they are open in your living room. There are many ways you can improve the look of your stairs to give them a modern look. By removing old carpet and sanding and painting the wood underneath, painting the existing bannister or even replacing spindles for something with a more modern finish you can really transform a room or entrance!

9. Panelling

Panelling is becoming an increasingly popular trend when it comes to home renovation or improvement, and it is not overly costly to achieve. With some plywood, glue, tape measure, paint, and a good YouTube tutorial, you can transform your hallways, stairways, or bedrooms to give them a more luxurious and expensive look!

10. Fireplace

Unless you are buying a new build, your home will likely have a fireplace in the living room, as a focal point; sprucing this area up can make all the difference to your room! Painting the existing mantelpiece and decorating it with some stylish pieces can really change your lounge, giving it a modern and fresh look!

Get in touch with us.

switch properties are your local property experts in the Central and South Leeds areas.

Get in touch for a chat on 0113 345 3031 or email info@switchproperties.co.uk.

Check out the Direct Hub for a whole bunch of useful information, such as our pricing structure and our process.

Summer is fast approaching and many of us will be spending more time outdoors making the most of the (hopefully) good weather. BBQs, paddling pools and entertaining friends and family are no doubt part of many people’s weekend plans. Having a dedicated social area is a high priority on home improvement plans up and down the country. In this article, we will take a look at how to design and plan a decking area to make the most of your outdoor entertaining.

Planning Practicalities

Many practical things need to be considered before you start to design your decking area:
  1. Are there any services underneath the area to be decked? You don’t want to obstruct drain covers for example so you might need to build access into your design.
  2. What are you likely to put on the decking? The foundations and supports will need to be very different if it is only people and tables that will be on the decking versus a hot tub for example.
  3. Is the area to be decked level? Sloping areas can be decked but you will have to consider more supports if a part of the decking is to be raised off the ground.
  4. Do you want the decking to be totally in sunlight or in the shade or a bit of both? You might need to build in some artificial shade if you do want a shaded area.
  5. How big will the decked area be? You will need to factor in more supports and noggins if the area is bigger to ensure it is stable.
  6. Does planning permission apply? You will need to check with the local planning team to be 100% but as a guide planning permission might apply if:
    • The deck is within 20m of a highway,
    • The deck platform is more than 300mm from the ground,
    • Any part of the deck exceeds 3m in height,
    • The deck could affect the privacy of neighbours,
    • The deck is to be attached to a listed building.
    • The decking along with all other extensions and outbuildings takes up more than 50% of the available garden area,
Once you have identified and dealt with the practicalities you can go ahead and start designing your fabulous new deck. Here are some best practice points to consider:
  1. Always use structural treated timber for the decking. You do not want it unable to support the weight or rot too soon.
  2. Ensure the Postcrete used for the support posts is piled slightly high and then sloped away from the supports to stop water accumulation.
  3. Use specific screws and fixings for decking. These are specifically designed to be strong enough and weatherproof for your decking project.
  4. Ideally, raise the decking slightly off the ground to protect it from the wet, but at the least lay it on a self-draining gravel surface rather than on bare earth or grass.
  5. Treat all cut edges with wood edge sealant.
  6. When installing noggins, make sure they are staggered to allow you to screw them in.
  7. Use the right-sized structural timber:
    • Frame timber should be at least 150mm x 50mm.
    • Joists should be 100mm x 100mm.
  8. Ensure you have the right spacing for the frame:
    • Structural support posts should be no more than 1800mm apart and around 1200mm apart for raised decks.
    • If you are putting heavy weights onto the deck supports should be even closer, around 600m apart to ensure the deck is strong enough.
    • Joists should be spaced at 400mm centres for the best support.
    • Noggins between joists, staggered in the centre of the joist.
    • Balustrades to be at least 90cm in height if the decking is up to 60cm from the ground and 120cm if the deck is higher than 60cm from the ground.
Once you have taken all this into account the best thing to do is measure the area you want and draw your design to scale marking down all the support posts, joists and noggins. Using this diagram, you will be able to accurately calculate the amount of wood you need for the subframe and you will also be able to calculate the number and length of decking boards you need.

Building Your Decking Area

For flat surfaces, you will need to either build directly on slabs or dig in some support posts to hold the decking slightly proud of the surface and therefore away from sitting water. You can build directly onto the surface but, if it is a grass area it is best to remove the grass, put down a weed membrane and lay gravel to help drainage.
For raised decks, support posts should be buried to at least 600mm and cemented in with Postcrete to hold them in place. Make sure the posts are straight and level before cementing them in place.
The first thing to do is lay out your frame and make sure it is square. The simplest way to do this is to measure diagonally from corner to corner. The two diagonals should have the same measurement. If they don’t then the frame is not square. Once you have a square frame, screw the frame components together by first drilling a pilot hole and then screwing in the coach screws.
For a flat, ground-level deck, cut blocks of the 100mm x 100mm support timber and place these in the corners. It is easier to cut them a little too long, so you have extra timber to allow you to level the frame. You can cut off the excess when your frame is level. Secure the frame onto the supports using coach screws. The procedure for a raised deck is the same, but you will need to dig a hole and cement the support post in place.
Once you have the frame in place, you can then start adding the joists and further support posts as required. Once all the joists and supports are in place, it is time to add the noggins to create the completed structure.
When putting the decking boards on, make sure that there is a 5mm gap between the boards for expansion. Use a simple spacer to do this. You can cut a piece of decking board for this.
Once you have put all the decking boards on, it is time to add the trim boards to the outside and then you are finished. Here is a great guide for building a basic low-level deck. Decking is easy to build and if you are a relatively good DIYer it shouldn’t tax you to your limits. With a little hard work and some upfront thinking and design, you will soon have a lovely area to enjoy entertaining this summer.

Get in touch with us.

switch properties are your local property experts in the Central and South Leeds areas.

Get in touch for a chat on 0113 345 3031 or email info@switchproperties.co.uk.

Check out the Direct Hub for a whole bunch of useful information, such as our pricing structure and our process.

Summer is fast approaching and many of us will be spending more time outdoors making the most of the (hopefully) good weather. BBQs, paddling pools and entertaining friends and family are no doubt part of many people’s weekend plans. Having a dedicated social area is a high priority on home improvement plans up and down the country. In this article, we will take a look at how to design and plan a decking area to make the most of your outdoor entertaining.

Planning Practicalities

Many practical things need to be considered before you start to design your decking area:
  1. Are there any services underneath the area to be decked? You don’t want to obstruct drain covers for example so you might need to build access into your design.
  2. What are you likely to put on the decking? The foundations and supports will need to be very different if it is only people and tables that will be on the decking versus a hot tub for example.
  3. Is the area to be decked level? Sloping areas can be decked but you will have to consider more supports if a part of the decking is to be raised off the ground.
  4. Do you want the decking to be totally in sunlight or in the shade or a bit of both? You might need to build in some artificial shade if you do want a shaded area.
  5. How big will the decked area be? You will need to factor in more supports and noggins if the area is bigger to ensure it is stable.
  6. Does planning permission apply? You will need to check with the local planning team to be 100% but as a guide planning permission might apply if:
    • The deck is within 20m of a highway,
    • The deck platform is more than 300mm from the ground,
    • Any part of the deck exceeds 3m in height,
    • The deck could affect the privacy of neighbours,
    • The deck is to be attached to a listed building.
    • The decking along with all other extensions and outbuildings takes up more than 50% of the available garden area,
Once you have identified and dealt with the practicalities you can go ahead and start designing your fabulous new deck. Here are some best practice points to consider:
  1. Always use structural treated timber for the decking. You do not want it unable to support the weight or rot too soon.
  2. Ensure the Postcrete used for the support posts is piled slightly high and then sloped away from the supports to stop water accumulation.
  3. Use specific screws and fixings for decking. These are specifically designed to be strong enough and weatherproof for your decking project.
  4. Ideally, raise the decking slightly off the ground to protect it from the wet, but at the least lay it on a self-draining gravel surface rather than on bare earth or grass.
  5. Treat all cut edges with wood edge sealant.
  6. When installing noggins, make sure they are staggered to allow you to screw them in.
  7. Use the right-sized structural timber:
    • Frame timber should be at least 150mm x 50mm.
    • Joists should be 100mm x 100mm.
  8. Ensure you have the right spacing for the frame:
    • Structural support posts should be no more than 1800mm apart and around 1200mm apart for raised decks.
    • If you are putting heavy weights onto the deck supports should be even closer, around 600m apart to ensure the deck is strong enough.
    • Joists should be spaced at 400mm centres for the best support.
    • Noggins between joists, staggered in the centre of the joist.
    • Balustrades to be at least 90cm in height if the decking is up to 60cm from the ground and 120cm if the deck is higher than 60cm from the ground.
Once you have taken all this into account the best thing to do is measure the area you want and draw your design to scale marking down all the support posts, joists and noggins. Using this diagram, you will be able to accurately calculate the amount of wood you need for the subframe and you will also be able to calculate the number and length of decking boards you need.

Building Your Decking Area

For flat surfaces, you will need to either build directly on slabs or dig in some support posts to hold the decking slightly proud of the surface and therefore away from sitting water. You can build directly onto the surface but, if it is a grass area it is best to remove the grass, put down a weed membrane and lay gravel to help drainage.
For raised decks, support posts should be buried to at least 600mm and cemented in with Postcrete to hold them in place. Make sure the posts are straight and level before cementing them in place.
The first thing to do is lay out your frame and make sure it is square. The simplest way to do this is to measure diagonally from corner to corner. The two diagonals should have the same measurement. If they don’t then the frame is not square. Once you have a square frame, screw the frame components together by first drilling a pilot hole and then screwing in the coach screws.
For a flat, ground-level deck, cut blocks of the 100mm x 100mm support timber and place these in the corners. It is easier to cut them a little too long, so you have extra timber to allow you to level the frame. You can cut off the excess when your frame is level. Secure the frame onto the supports using coach screws. The procedure for a raised deck is the same, but you will need to dig a hole and cement the support post in place.
Once you have the frame in place, you can then start adding the joists and further support posts as required. Once all the joists and supports are in place, it is time to add the noggins to create the completed structure.
When putting the decking boards on, make sure that there is a 5mm gap between the boards for expansion. Use a simple spacer to do this. You can cut a piece of decking board for this.
Once you have put all the decking boards on, it is time to add the trim boards to the outside and then you are finished. Here is a great guide for building a basic low-level deck. Decking is easy to build and if you are a relatively good DIYer it shouldn’t tax you to your limits. With a little hard work and some upfront thinking and design, you will soon have a lovely area to enjoy entertaining this summer.

Get in touch with us.

switch properties are your local property experts in the Central and South Leeds areas.

Get in touch for a chat on 0113 345 3031 or email info@switchproperties.co.uk.

Check out the Direct Hub for a whole bunch of useful information, such as our pricing structure and our process.

Protecting the environment is a big topic at the moment and the Government is working towards its climate targets of a net-zero society by 2050. As part of this strategy, the Government has introduced its Heating and Buildings Strategy which focuses on properties and their impact on the environment.
The Government has set out plans to ensure that as many homes as possible will have an EPC rating of C or better by 2035 and that those which are deemed to be fuel poor reach this goal by 2030. The Government wasn’t just looking at privately owned properties there was a consultation sent out in 2020 looking at changing the legally required EPC ratings for properties in the Private Rented sector to a band C by 2025 for new tenancies and 2028 for all tenancies. We will take a look at this in more detail in this article.

What is an EPC

EPCs have been around since 2007 and stand for “Energy Performance Certificate”. This is a rating which shows how energy efficient a property is from the top score of an A to the worst score of a G. It is a legal requirement that any property being built, sold or rented out needs a current EPC certificate. These are valid for 10 years so any certificate published in the last 10 years would be deemed to be current.

Current Legislation

Under the Domestic Minimum Energy Efficiency Standards (MEES) Regulations any property which came under an assured tenancy, regulated tenancy or a domestic agricultural tenancy agreement and was let or modified within the last 10 years, requires an EPC certificate. These regulations also stipulate that since the 1st of April 2020 no property could be let with an EPC rating of lower than E unless an exemption was in place.

Proposed Legislation

The Government wants to move as many properties as possible to at least a C rating by 2035 and those worst performers, where there is fuel poverty, to a C rating by 2030. Despite these plans, the Government is proposing to bring this forwards for rental properties and is currently debating the Minimum Energy Performance of Buildings Bill in Parliament. This Bill will require properties in the Private Rented sector to have a minimum EPC rating of C for new tenancies by as early as the end of December 2025. For existing tenancies, this would be implemented from 31st December 2028. The bill is now at the second reading stage in Parliament.

Exemptions

There are exemptions to the requirements and these would need to be registered with the local council with supporting documents. The exemptions are:
  • High-cost exemption. This is where the cost of implementing the cheapest improvement would exceed £3,500 including VAT
  • 7-year payback exemption. This is where the savings that are likely to be generated by the improvement would not pay back the initial investment within 7 years of implementation.
  • All improvements made an exemption. This is where all reasonable improvements have already been made and there are no more than can be made.
  • Wall insulation exemption. This is where the suggested wall insulation improvement is not feasible.
  • Consent exemption. This is where the landlord can show that consent from a relevant 3rd party such as a local council planning office, mortgage lender or the tenant has not been given for the improvements.
  • Devaluation exemption. In this case, the landlord must show a report from an RICS registered surveyor that the improvement would devalue the property by more than 5%
  • New Landlord exemption. A 6-month exemption can be granted for new landlords to give them time to make the required improvements or get a valid exemption.
Other than the new landlord exemption, all the others are valid for 5 years.
The main takeaway here is that there is a lot of talk about 2030 and 2035 in terms of requirements to meet a specific EPC rating, which seems a long way away. For private rented properties, however, this is potentially going to be implemented by the end of 2025 so some landlords will need to start making improvements soon to be able to continue to rent out their properties.

EPC Service

At switch properties, we provide a cheap, efficient and quick EPC service. Full pricing estimates can be viewed over on the direct hub, we recommend that it’s better to act sooner rather than later as it looks almost certain that the current bill will now pass and go onwards to royal assent. Our property experts will be able to suggest various energy improvements in your properties to help keep you compliant for the years to come.

 

Get in touch with us.

switch properties are your local property experts in the Central and South Leeds areas.

Get in touch for a chat on 0113 345 3031 or email info@switchproperties.co.uk.

Check out the Direct Hub for a whole bunch of useful information, such as our pricing structure and our process.

Protecting the environment is a big topic at the moment and the Government is working towards its climate targets of a net-zero society by 2050. As part of this strategy, the Government has introduced its Heating and Buildings Strategy which focuses on properties and their impact on the environment.
The Government has set out plans to ensure that as many homes as possible will have an EPC rating of C or better by 2035 and that those which are deemed to be fuel poor reach this goal by 2030. The Government wasn’t just looking at privately owned properties there was a consultation sent out in 2020 looking at changing the legally required EPC ratings for properties in the Private Rented sector to a band C by 2025 for new tenancies and 2028 for all tenancies. We will take a look at this in more detail in this article.

What is an EPC

EPCs have been around since 2007 and stand for “Energy Performance Certificate”. This is a rating which shows how energy efficient a property is from the top score of an A to the worst score of a G. It is a legal requirement that any property being built, sold or rented out needs a current EPC certificate. These are valid for 10 years so any certificate published in the last 10 years would be deemed to be current.

Current Legislation

Under the Domestic Minimum Energy Efficiency Standards (MEES) Regulations any property which came under an assured tenancy, regulated tenancy or a domestic agricultural tenancy agreement and was let or modified within the last 10 years, requires an EPC certificate. These regulations also stipulate that since the 1st of April 2020 no property could be let with an EPC rating of lower than E unless an exemption was in place.

Proposed Legislation

The Government wants to move as many properties as possible to at least a C rating by 2035 and those worst performers, where there is fuel poverty, to a C rating by 2030. Despite these plans, the Government is proposing to bring this forwards for rental properties and is currently debating the Minimum Energy Performance of Buildings Bill in Parliament. This Bill will require properties in the Private Rented sector to have a minimum EPC rating of C for new tenancies by as early as the end of December 2025. For existing tenancies, this would be implemented from 31st December 2028. The bill is now at the second reading stage in Parliament.

Exemptions

There are exemptions to the requirements and these would need to be registered with the local council with supporting documents. The exemptions are:
  • High-cost exemption. This is where the cost of implementing the cheapest improvement would exceed £3,500 including VAT
  • 7-year payback exemption. This is where the savings that are likely to be generated by the improvement would not pay back the initial investment within 7 years of implementation.
  • All improvements made an exemption. This is where all reasonable improvements have already been made and there are no more than can be made.
  • Wall insulation exemption. This is where the suggested wall insulation improvement is not feasible.
  • Consent exemption. This is where the landlord can show that consent from a relevant 3rd party such as a local council planning office, mortgage lender or the tenant has not been given for the improvements.
  • Devaluation exemption. In this case, the landlord must show a report from an RICS registered surveyor that the improvement would devalue the property by more than 5%
  • New Landlord exemption. A 6-month exemption can be granted for new landlords to give them time to make the required improvements or get a valid exemption.
Other than the new landlord exemption, all the others are valid for 5 years.
The main takeaway here is that there is a lot of talk about 2030 and 2035 in terms of requirements to meet a specific EPC rating, which seems a long way away. For private rented properties, however, this is potentially going to be implemented by the end of 2025 so some landlords will need to start making improvements soon to be able to continue to rent out their properties.

EPC Service

At switch properties, we provide a cheap, efficient and quick EPC service. Full pricing estimates can be viewed over on the direct hub, we recommend that it’s better to act sooner rather than later as it looks almost certain that the current bill will now pass and go onwards to royal assent. Our property experts will be able to suggest various energy improvements in your properties to help keep you compliant for the years to come.

 

Get in touch with us.

switch properties are your local property experts in the Central and South Leeds areas.

Get in touch for a chat on 0113 345 3031 or email info@switchproperties.co.uk.

Check out the Direct Hub for a whole bunch of useful information, such as our pricing structure and our process.

As your local property experts, we thought we’d share with you our insight into the Leeds property market and give you an update as to which areas are set to take off this coming year in terms of investment properties.

1. Beeston

Beeston is a real up and coming area, with a population of over 22,000 diverse residents and planned expansions in infrastructure by the local council, the future is looking as bright as the street lamps that dot the well-lit streets across the area.
Average house prices are just shy of £127,500 which means in proportion to the UK average of £260,230 the difference is huge, as the average UK price is double the average price of a property in Beeston. All the more reason to snap up property now before the inevitable rise.

2. Hyde Park

Hyde Park is well established in the Leeds property market as the Go-to regarding any type of buy-to-let investment. And with an average property price of £222,756 just below the UK average of £260,230, it’s a complete no-brainer.
Hyde Park is a famous destination for students and tourists alike due to its vibrant nightlife and high-quality street food and restaurants. It is within close proximity to the city centre proper, the University of Leeds, Leeds Beckett University, Leeds Law school and the Leeds general infirmary alongside the famous Woodhouse moor and Burley park, so there’s no shortage of places to go.

3. Harehills

harehills

Harehills is an area of Leeds that’s slowly finding its way into the spotlight, having been known alongside Chapeltown to be a high-quality area in the past prior to the collapse of the British manufacturing sector, we are beginning to see a shift back to this status post-2011 with the growth of the services sector in the inner-city area.
with an average house price of only £108,401 substantially below the UK average of £260,230 It’s highly recommended to buy a property in this area. In a certain postcode, a house was sold for £95,700 in 2017, but that same property is now worth £140,000 in 2022. The ROI is incredible.

Get in touch with us.

switch properties are your local property experts in the Central and South Leeds areas.

Get in touch for a chat on 0113 345 3031 or email info@switchproperties.co.uk.

Check out the Direct Hub for a whole bunch of useful information, such as our pricing structure and our process.

As your local property experts, we thought we’d share with you our insight into the Leeds property market and give you an update as to which areas are set to take off this coming year in terms of investment properties.

1. Beeston

Beeston is a real up and coming area, with a population of over 22,000 diverse residents and planned expansions in infrastructure by the local council, the future is looking as bright as the street lamps that dot the well-lit streets across the area.
Average house prices are just shy of £127,500 which means in proportion to the UK average of £260,230 the difference is huge, as the average UK price is double the average price of a property in Beeston. All the more reason to snap up property now before the inevitable rise.

2. Hyde Park

Hyde Park is well established in the Leeds property market as the Go-to regarding any type of buy-to-let investment. And with an average property price of £222,756 just below the UK average of £260,230, it’s a complete no-brainer.
Hyde Park is a famous destination for students and tourists alike due to its vibrant nightlife and high-quality street food and restaurants. It is within close proximity to the city centre proper, the University of Leeds, Leeds Beckett University, Leeds Law school and the Leeds general infirmary alongside the famous Woodhouse moor and Burley park, so there’s no shortage of places to go.

3. Harehills

harehills

Harehills is an area of Leeds that’s slowly finding its way into the spotlight, having been known alongside Chapeltown to be a high-quality area in the past prior to the collapse of the British manufacturing sector, we are beginning to see a shift back to this status post-2011 with the growth of the services sector in the inner-city area.
with an average house price of only £108,401 substantially below the UK average of £260,230 It’s highly recommended to buy a property in this area. In a certain postcode, a house was sold for £95,700 in 2017, but that same property is now worth £140,000 in 2022. The ROI is incredible.

Get in touch with us.

switch properties are your local property experts in the Central and South Leeds areas.

Get in touch for a chat on 0113 345 3031 or email info@switchproperties.co.uk.

Check out the Direct Hub for a whole bunch of useful information, such as our pricing structure and our process.

Cost of living crisis be damned

We here at switch properties look out for our clients, not everything is about business, we have to express our humanity towards each other and empathise with those around us.
We are well aware of a cost of living crisis that is prevailing in the UK, but unlike others we prefer to act rather than sit by. That’s precisely why we have chosen to announce that from now on select properties we will offer an incredible 3 months of free utilities (Gas, electricity and water) for all new tenants.

An ethical estate agent

From our constant charity drives and food bank services to our low cost affordable property refurbishment plans. We believe that our mission is to improve local living conditions and to allow for eco-friendly, sustainable solutions such as digital instead of paper, plastic reduction etc, to become more widespread.

The Terms

  • Choose one of our select properties where the 3 months free utilities offer is present – Speak to staff for more information
  • Choose a 12 months, bills included package on said select property.
  • Sign up for the property prior to 30th may, as this is the end date of this promotional offer.
Usage policy applies.

Get started now

We hope to ease the cost of living crisis with this amazing promotional offer, but don’t wait on it for too long.
This promotional offer will come to an end on the 30th May, so please make sure to sign up before then to not miss out.

Get in touch with us.

switch properties are your local property experts in the South and Central Leeds areas.

Get in touch for a chat on 0113 345 3031 or email info@switchproperties.co.uk.

Check out the Direct Hub for a whole bunch of useful information, such as our pricing structure and our process. Also check our Instagram for regular updates.

Cost of living crisis be damned

We here at switch properties look out for our clients, not everything is about business, we have to express our humanity towards each other and empathise with those around us.
We are well aware of a cost of living crisis that is prevailing in the UK, but unlike others we prefer to act rather than sit by. That’s precisely why we have chosen to announce that from now on select properties we will offer an incredible 3 months of free utilities (Gas, electricity and water) for all new tenants.

An ethical estate agent

From our constant charity drives and food bank services to our low cost affordable property refurbishment plans. We believe that our mission is to improve local living conditions and to allow for eco-friendly, sustainable solutions such as digital instead of paper, plastic reduction etc, to become more widespread.

The Terms

  • Choose one of our select properties where the 3 months free utilities offer is present – Speak to staff for more information
  • Choose a 12 months, bills included package on said select property.
  • Sign up for the property prior to 30th may, as this is the end date of this promotional offer.
Usage policy applies.

Get started now

We hope to ease the cost of living crisis with this amazing promotional offer, but don’t wait on it for too long.
This promotional offer will come to an end on the 30th May, so please make sure to sign up before then to not miss out.

Get in touch with us.

switch properties are your local property experts in the South and Central Leeds areas.

Get in touch for a chat on 0113 345 3031 or email info@switchproperties.co.uk.

Check out the Direct Hub for a whole bunch of useful information, such as our pricing structure and our process. Also check our Instagram for regular updates.

You read that correctly, six months free gym.

We are offering 6 months of free gym membership for all new tenants who sign up with us for our 75 hyde park road student accommodation.
There’s not been a better time to get a hold of this fantastic accommodation, located near Leeds law and business school as well as a plethora of local shops that sell fresh produce for low prices. This compounding with the variety of clubs and restaurants also nearby, ideal for young professionals and students.

What are the terms?

  • Sign up for a flat with us at our 75 hyde park road student accommodation.
  • Sign up before the 30th of May 2022.
  • Sign up for a 12-month tenancy – This will be at £115 per person per week (all bills included).

What benefits would I have available to me?

At 75 hyde park road, you would have access to all the resources you require to keep you comfortable and stress-free during your stay.

Rooms

Each room briefly comprises:
• Storage bed with memory foam mattress
• Wardrobe
• Workstation with the study chair
• Shelving and drawers
• Carpet or laminate flooring and blinds.
• Superfast 100MB Internet with both Wi-Fi or Ethernet connection
• Outside paved communal areas
• Intercom door entry system
• 24hr emergency maintenance service

Communal Areas

The shared communal areas in each apartment are equipped with:
• Fully fitted kitchen
• Gas central heating
• Fridge Freezer
• Microwave
• Dining table and chairs
• Shower room with toilet and vanity sink – selected apartments have a feature curved bath

What are you waiting for?

Get signed up with us before May 30th and claim your 6 months free gym membership!

 

Get in touch with us.

switch properties are your local property experts in the South and Central Leeds areas.

Get in touch for a chat on 0113 345 3031 or email info@switchproperties.co.uk.

Check out the Direct Hub for a whole bunch of useful information, such as our pricing structure and our process. Also, check our Instagram for regular updates.

You read that correctly, six months free gym.

We are offering 6 months of free gym membership for all new tenants who sign up with us for our 75 hyde park road student accommodation.
There’s not been a better time to get a hold of this fantastic accommodation, located near Leeds law and business school as well as a plethora of local shops that sell fresh produce for low prices. This compounding with the variety of clubs and restaurants also nearby, ideal for young professionals and students.

What are the terms?

  • Sign up for a flat with us at our 75 hyde park road student accommodation.
  • Sign up before the 30th of May 2022.
  • Sign up for a 12-month tenancy – This will be at £115 per person per week (all bills included).

What benefits would I have available to me?

At 75 hyde park road, you would have access to all the resources you require to keep you comfortable and stress-free during your stay.

Rooms

Each room briefly comprises:
• Storage bed with memory foam mattress
• Wardrobe
• Workstation with the study chair
• Shelving and drawers
• Carpet or laminate flooring and blinds.
• Superfast 100MB Internet with both Wi-Fi or Ethernet connection
• Outside paved communal areas
• Intercom door entry system
• 24hr emergency maintenance service

Communal Areas

The shared communal areas in each apartment are equipped with:
• Fully fitted kitchen
• Gas central heating
• Fridge Freezer
• Microwave
• Dining table and chairs
• Shower room with toilet and vanity sink – selected apartments have a feature curved bath

What are you waiting for?

Get signed up with us before May 30th and claim your 6 months free gym membership!

 

Get in touch with us.

switch properties are your local property experts in the South and Central Leeds areas.

Get in touch for a chat on 0113 345 3031 or email info@switchproperties.co.uk.

Check out the Direct Hub for a whole bunch of useful information, such as our pricing structure and our process. Also, check our Instagram for regular updates.

Choosing a carpet for your home is a big decision. The carpet you choose will be in your home for many years to come and therefore it is important to choose wisely. In this article, we look at the most commonly available carpet materials and give tips and advice on what makes a good quality carpet and how to choose your carpet, dependent on use and budget.

What Should I Think About When Choosing a Carpet?

There are some factors to think about when choosing a carpet for your home, such as:
  • your budget – bear in mind that the cost of a carpet can vary greatly per square metre, depending on the construction of the carpet. A basic carpet, made from synthetic materials will be more budget friendly than a hand-woven carpet made from natural materials.
  • where the carpet will be used – high traffic areas such as stairs and hallways will need a carpet made from a more durable material. Consider who lives in your home or visits. Spills and stains are likely with children, pets and yes, those merry party guests! An easy to clean option would be advisable here.
  • the look and feel you are going for – are you looking for a soft, luxurious feel underfoot throughout your home or just in the bedrooms? A flatter option may be better on the stairs and high traffic areas. Do you want plush and full or tight and dense? All important considerations when making this considered purchase for your home.

What Types of Carpet Are Available?

In the UK, there are two main types of carpet available – either tufted or woven. A woven carpet will be more costly than a tufted one (most sold in the UK) due to the way that it is made. To make a woven carpet is very labour intensive whereas a tufted carpet is much easier to produce. Woven carpets, such as Axminster and Wilton, are generally considered to be more durable than their tufted counterpart, making them a great choice for high-traffic areas. Tufted carpets are more budget-friendly – a few pounds per square metre will buy a basic, synthetic carpet with a basic wool option being more costly. Tufted carpets have either a cut or looped pile, giving a differing appearance. A pet friendly option would be cut – claws and loops do not mix well!

Which Material Should I Choose?

The material choice will come down to a budget and usage for natural or synthetic materials.
The benefits of choosing synthetic materials, like nylon or polypropylene means a more stain resistant finish and a less expensive option. Bear in mind however, a synthetic fibre will wear much quicker than a natural option.
If choosing natural fibres, such as sisal or wool, you’ll have a carpet that will last much longer due to the resilient nature of the fibres. This comes at a price though, as natural fibres are more expensive and have a greater propensity towards staining.
A natural/synthetic mix might be a good option, giving the benefits that come with both sets of fibres.
As with all major household purchases, it certainly pays to shop around the various carpeting options to see the best option for your home and those in it and of course the budget that you have available.

Get in touch with us.

switch properties are your local property experts in the Central and South Leeds areas.

Get in touch for a chat on 0113 345 3031 or email info@switchproperties.co.uk.

Check out the Direct Hub for a whole bunch of useful information, such as our pricing structure and our process.

Choosing a carpet for your home is a big decision. The carpet you choose will be in your home for many years to come and therefore it is important to choose wisely. In this article, we look at the most commonly available carpet materials and give tips and advice on what makes a good quality carpet and how to choose your carpet, dependent on use and budget.

What Should I Think About When Choosing a Carpet?

There are some factors to think about when choosing a carpet for your home, such as:
  • your budget – bear in mind that the cost of a carpet can vary greatly per square metre, depending on the construction of the carpet. A basic carpet, made from synthetic materials will be more budget friendly than a hand-woven carpet made from natural materials.
  • where the carpet will be used – high traffic areas such as stairs and hallways will need a carpet made from a more durable material. Consider who lives in your home or visits. Spills and stains are likely with children, pets and yes, those merry party guests! An easy to clean option would be advisable here.
  • the look and feel you are going for – are you looking for a soft, luxurious feel underfoot throughout your home or just in the bedrooms? A flatter option may be better on the stairs and high traffic areas. Do you want plush and full or tight and dense? All important considerations when making this considered purchase for your home.

What Types of Carpet Are Available?

In the UK, there are two main types of carpet available – either tufted or woven. A woven carpet will be more costly than a tufted one (most sold in the UK) due to the way that it is made. To make a woven carpet is very labour intensive whereas a tufted carpet is much easier to produce. Woven carpets, such as Axminster and Wilton, are generally considered to be more durable than their tufted counterpart, making them a great choice for high-traffic areas. Tufted carpets are more budget-friendly – a few pounds per square metre will buy a basic, synthetic carpet with a basic wool option being more costly. Tufted carpets have either a cut or looped pile, giving a differing appearance. A pet friendly option would be cut – claws and loops do not mix well!

Which Material Should I Choose?

The material choice will come down to a budget and usage for natural or synthetic materials.
The benefits of choosing synthetic materials, like nylon or polypropylene means a more stain resistant finish and a less expensive option. Bear in mind however, a synthetic fibre will wear much quicker than a natural option.
If choosing natural fibres, such as sisal or wool, you’ll have a carpet that will last much longer due to the resilient nature of the fibres. This comes at a price though, as natural fibres are more expensive and have a greater propensity towards staining.
A natural/synthetic mix might be a good option, giving the benefits that come with both sets of fibres.
As with all major household purchases, it certainly pays to shop around the various carpeting options to see the best option for your home and those in it and of course the budget that you have available.

Get in touch with us.

switch properties are your local property experts in the Central and South Leeds areas.

Get in touch for a chat on 0113 345 3031 or email info@switchproperties.co.uk.

Check out the Direct Hub for a whole bunch of useful information, such as our pricing structure and our process.

The rising trend to continue

The cost of renting a property in a city centre is rising as office workers, students and international residents return, according to Zoopla.

Zoopla said greater competition meant that renters taking on a new let were paying £62 more a month than they did pre-pandemic.

This higher demand is set to increase in the coming months, mainly due to the greater influx of professional workers and students into city centres during july.

Whats behind the demand?

Demand for city-centre properties to rent dropped dramatically, particularly in leeds, during the pandemic lockdowns.

Many students and young workers who were working from home returned to live with their parents, and international travel restrictions reduced medium-term overseas visitors. Zoopla said that the gradual return to the office, and well as the general winding down of Covid restrictions, had boosted the rental market.

Zoopla said demand for rental properties in January was up 76% compared to an average January in each of the previous four years.

The numbers

The number of properties available had been curtailed by existing renters staying put.

Together, this has meant a rise in rent for new lets, up 8.3% in the final quarter of 2021 compared with the same period a year earlier. A typical monthly rent in the UK rose by £62 per month to £969.

This increase in rent was seen across most major cities including Birmingham, Edinburgh, Leeds and Manchester, Zoopla said.

Get in touch with us.

switch properties are your local property experts in the South and Central Leeds areas.

Get in touch for a chat on 0113 345 3031 or email info@switchproperties.co.uk.

Check out the Direct Hub for a whole bunch of useful information, such as our pricing structure and our process.

The rising trend to continue

The cost of renting a property in a city centre is rising as office workers, students and international residents return, according to Zoopla.

Zoopla said greater competition meant that renters taking on a new let were paying £62 more a month than they did pre-pandemic.

This higher demand is set to increase in the coming months, mainly due to the greater influx of professional workers and students into city centres during july.

Whats behind the demand?

Demand for city-centre properties to rent dropped dramatically, particularly in leeds, during the pandemic lockdowns.

Many students and young workers who were working from home returned to live with their parents, and international travel restrictions reduced medium-term overseas visitors. Zoopla said that the gradual return to the office, and well as the general winding down of Covid restrictions, had boosted the rental market.

Zoopla said demand for rental properties in January was up 76% compared to an average January in each of the previous four years.

The numbers

The number of properties available had been curtailed by existing renters staying put.

Together, this has meant a rise in rent for new lets, up 8.3% in the final quarter of 2021 compared with the same period a year earlier. A typical monthly rent in the UK rose by £62 per month to £969.

This increase in rent was seen across most major cities including Birmingham, Edinburgh, Leeds and Manchester, Zoopla said.

Get in touch with us.

switch properties are your local property experts in the South and Central Leeds areas.

Get in touch for a chat on 0113 345 3031 or email info@switchproperties.co.uk.

Check out the Direct Hub for a whole bunch of useful information, such as our pricing structure and our process.

It can be a bit confusing, but don’t worry, that’s what we’re here for.

Whether you are buying a home for the first time, or you are an experienced homeowner, there is so much jargon to contend with when you are hunting for a new home, that you can be forgiven for not completely comprehending all of the property related terminology. Two of the most commonly misunderstood terms is “leasehold” and “freehold”. In this article we hope to demystify these terms and provide you with the knowledge you need to make the right choice for you and your family, let’s explore leasehold vs freehold.

What is a leasehold property?

Let’s start by defining what a leasehold is and how a leasehold works?

A leasehold property is one where the owner has possession of the property but not the land that it has been built on. As the owner of a leasehold property, your ownership rights are only valid for a certain period of time, the length of time is based on the length of your lease. Once the lease expires, the property is owned by the freeholder.

Which Properties are Leasehold?

The majority of houses in England and Wales are freehold while flats are usually leasehold. Most leases are long-term and usually last between 90 and 120 years.

What happens at the end of a leasehold agreement?

You can either ask the landlord to extend the lease or the full ownership of the property and the land is passed on to the freeholder.

But there are other scenarios too.

You may come across houses turned into flats that are popularly sold with shared freehold rights as there are several owners of properties on the same land. This is known as “a share of freehold”.

Difference between leasehold and freehold

Freehold and leasehold are the two main types of properties that individuals can purchase in England and Wales. We’ve already looked at leasehold but what about freehold?

Freehold property is the variation we are all most familiar with. Owners of freehold properties own both the building construction and the land that it sits on. As the owner of a freehold property, you hold responsibility for keeping the property in good condition and taking care of its maintenance. In other words, the owner of such property enjoys full ownership and can use the land in any way they please, as long as it’s in accordance with local regulations.

On the other hand, as we already mentioned, owning a leasehold means that you are in possession of the property on behalf of the freeholder and pay a certain fee or ground rent during the duration of the lease.

Why would you buy a leasehold property?

There are a number of reasons why a buyer would prefer to invest in a leasehold property.

  • A cheaper investment – Normally, leasehold properties are cheaper considering that you are not purchasing the land underneath the property. In fact, often, buying a leasehold turns out to be less expensive than renting the property. This is especially true for those in search of a home in expensive parts of a city.
  • More financing options – The fact that the value of leasehold properties is significantly lower than that of freehold properties also has implications for financing. The buyer may sometimes have the option to acquire the property and the land and pay a lower annual fee in comparison to the rate of a mortgage payment. Although there are options to choose from, property agreements are different every time and it is advisable to seek appropriate legal advice.
  • Less commitment – There is a certain level of commitment involved in owning the land underneath the property. By investing in a leasehold property, you’re exempt from such responsibilities.

Disadvantages of buying a leasehold property

But buying a leasehold property is not all good. There are also a number of disadvantages that you should be aware of before making your decision.

  • You have to pay ground rent – Owning a leasehold property requires you to pay ground rent on an annual basis to the landowner of the property.
  • Ground rent may change – Just because the ground rent for the leasehold property you’re about to invest in today is a certain amount it doesn’t mean that it won’t change over time. Often, the ground rent increases at certain time periods during the lease. This may be every 10 years, 20 years, or at other periods of time.
  • Higher deposits required – In most cases, you will be asked to pay a higher deposit for a leasehold property in comparison to freehold ones. This may mean that it’s a challenge to find financing as the requirements are more complicated than usual.
  • No advantages from a change in land value – If the land under the property increases in value, there will be no added benefits for you as the owner of the leasehold estate.
  • More restrictions – As a leaseholder, you are not authorized to make any changes or major renovations to the property unless you’ve received permission from the freeholder. You could also be restricted when it comes to having pets in the property and you could be asked to vacate the property if you don’t pay your fees on time.

Hopefully you now understand the differences between a freehold and a leasehold property. If you still have a few burning questions, here are a couple of the most popular queries we are asked when it comes to considering leasehold properties:

Can you get a mortgage on a leasehold property?

You can get a mortgage on a leasehold property but it may be difficult if the remaining lease is for a time period of less than 70 years. Most lenders are interested in seeing it run for around 25 or 30 years after the mortgage has been repaid.

Can a leasehold property become freehold?

You might have the opportunity to buy the freehold rights to the property. This process is called “enfranchisement”. It would all come down to whether you own a flat or a house as there are certain laws related to the matter.

If you have a specific query regarding leasehold or freehold properties, why not have a chat with one of our local property experts. Each of our offices have unrivaled local property knowledge and they will welcome your enquiries.

Get in touch with us.

switch properties are your local property experts in the South and Central Leeds areas.

Get in touch for a chat on 0113 345 3031 or email info@switchproperties.co.uk.

Check out the Direct Hub for a whole bunch of useful information, such as our pricing structure and our process.

It can be a bit confusing, but don’t worry, that’s what we’re here for.

Whether you are buying a home for the first time, or you are an experienced homeowner, there is so much jargon to contend with when you are hunting for a new home, that you can be forgiven for not completely comprehending all of the property related terminology. Two of the most commonly misunderstood terms is “leasehold” and “freehold”. In this article we hope to demystify these terms and provide you with the knowledge you need to make the right choice for you and your family, let’s explore leasehold vs freehold.

What is a leasehold property?

Let’s start by defining what a leasehold is and how a leasehold works?

A leasehold property is one where the owner has possession of the property but not the land that it has been built on. As the owner of a leasehold property, your ownership rights are only valid for a certain period of time, the length of time is based on the length of your lease. Once the lease expires, the property is owned by the freeholder.

Which Properties are Leasehold?

The majority of houses in England and Wales are freehold while flats are usually leasehold. Most leases are long-term and usually last between 90 and 120 years.

What happens at the end of a leasehold agreement?

You can either ask the landlord to extend the lease or the full ownership of the property and the land is passed on to the freeholder.

But there are other scenarios too.

You may come across houses turned into flats that are popularly sold with shared freehold rights as there are several owners of properties on the same land. This is known as “a share of freehold”.

Difference between leasehold and freehold

Freehold and leasehold are the two main types of properties that individuals can purchase in England and Wales. We’ve already looked at leasehold but what about freehold?

Freehold property is the variation we are all most familiar with. Owners of freehold properties own both the building construction and the land that it sits on. As the owner of a freehold property, you hold responsibility for keeping the property in good condition and taking care of its maintenance. In other words, the owner of such property enjoys full ownership and can use the land in any way they please, as long as it’s in accordance with local regulations.

On the other hand, as we already mentioned, owning a leasehold means that you are in possession of the property on behalf of the freeholder and pay a certain fee or ground rent during the duration of the lease.

Why would you buy a leasehold property?

There are a number of reasons why a buyer would prefer to invest in a leasehold property.

  • A cheaper investment – Normally, leasehold properties are cheaper considering that you are not purchasing the land underneath the property. In fact, often, buying a leasehold turns out to be less expensive than renting the property. This is especially true for those in search of a home in expensive parts of a city.
  • More financing options – The fact that the value of leasehold properties is significantly lower than that of freehold properties also has implications for financing. The buyer may sometimes have the option to acquire the property and the land and pay a lower annual fee in comparison to the rate of a mortgage payment. Although there are options to choose from, property agreements are different every time and it is advisable to seek appropriate legal advice.
  • Less commitment – There is a certain level of commitment involved in owning the land underneath the property. By investing in a leasehold property, you’re exempt from such responsibilities.

Disadvantages of buying a leasehold property

But buying a leasehold property is not all good. There are also a number of disadvantages that you should be aware of before making your decision.

  • You have to pay ground rent – Owning a leasehold property requires you to pay ground rent on an annual basis to the landowner of the property.
  • Ground rent may change – Just because the ground rent for the leasehold property you’re about to invest in today is a certain amount it doesn’t mean that it won’t change over time. Often, the ground rent increases at certain time periods during the lease. This may be every 10 years, 20 years, or at other periods of time.
  • Higher deposits required – In most cases, you will be asked to pay a higher deposit for a leasehold property in comparison to freehold ones. This may mean that it’s a challenge to find financing as the requirements are more complicated than usual.
  • No advantages from a change in land value – If the land under the property increases in value, there will be no added benefits for you as the owner of the leasehold estate.
  • More restrictions – As a leaseholder, you are not authorized to make any changes or major renovations to the property unless you’ve received permission from the freeholder. You could also be restricted when it comes to having pets in the property and you could be asked to vacate the property if you don’t pay your fees on time.

Hopefully you now understand the differences between a freehold and a leasehold property. If you still have a few burning questions, here are a couple of the most popular queries we are asked when it comes to considering leasehold properties:

Can you get a mortgage on a leasehold property?

You can get a mortgage on a leasehold property but it may be difficult if the remaining lease is for a time period of less than 70 years. Most lenders are interested in seeing it run for around 25 or 30 years after the mortgage has been repaid.

Can a leasehold property become freehold?

You might have the opportunity to buy the freehold rights to the property. This process is called “enfranchisement”. It would all come down to whether you own a flat or a house as there are certain laws related to the matter.

If you have a specific query regarding leasehold or freehold properties, why not have a chat with one of our local property experts. Each of our offices have unrivaled local property knowledge and they will welcome your enquiries.

Get in touch with us.

switch properties are your local property experts in the South and Central Leeds areas.

Get in touch for a chat on 0113 345 3031 or email info@switchproperties.co.uk.

Check out the Direct Hub for a whole bunch of useful information, such as our pricing structure and our process.