Oakfield Valuation

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“What Property Ladder?”

  During the boom years, if you were minded to move house you simply got on and did so! Any delay in moving up in a rising market could prove expensive as the property you were buying would inevitably have appreciated more in cash terms that the one you were...

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Election Special Market Comment

The unexpected hung parliament might appear to have once again cast a shadow over the housing market. Or maybe not! We know that the stability and strength proposed by Theresa May might not be delivered after all. But is that really so bad for a market already in...

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What is a Covenant?

A covenant is a term you might hear when discussing a property during the conveyancing process. Covenants are a form of legal obligation that is binding on the owner of a property and passes from owner to owner whenever the property is sold. They form part of the...

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All Roses in the Garden?

Landlords often ask us what they should do about their garden and what they can reasonably expect of a tenant in terms of maintenance. Having a well-cared for garden can definitely help to attract good tenants, particularly if they arrive on a sunny summer’s day....

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Market Report May 2017 – Up, Down or Sideways

Election periods usually add a degree of confusion to the property market, but this effect appears to be less pronounced this time around. Indeed, the level of sales agreed nationally is actually 2% up on that recorded during the run up to the last election in 2015,...

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“Can I Buy My Freehold?”

Most lessees (nb not tenants) have the statutory right to purchase the freehold of their building, called Collective Enfranchisement, under the Commonhold and Leasehold Reform Act 2002. Such a purchase certainly has its appeal if your lease is beginning to look a...

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“A Profitable Way to Secure Your New Home?”

When the time comes to sell, there is usually a need for speed. Isn’t it always the case that the minute you start to think about selling, you see the ideal property you want to buy? The problem is that the chances of getting a chain-free sale on your own property to...

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Why Use a “Proper” Estate Agent? Part 2

One thing an online agent can not generally do is provide a local property valuation expert to assess your property and suggest the most appropriate asking price. It may be tempting to simply rely on one of the online “valuation” tools available. These can be hugely...

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Right to Rent

New legislation means that all private landlords in England now have to check that new tenants have the right to be in the UK before renting a property. The regulations also extend to those who sub-let or take in lodgers, although this responsibility can be given to...

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Market Report – April 2017

Analysing and understanding the UK property market is notoriously difficult. Conflicting reports and biased perspectives often confuse people who simply want a degree of reassurance that their purchase or sale is well-timed. Many people who currently have no intention...

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Changes to tax relief for residential Landlords

A reminder that buy-to-let tax change have come into force this month affecting mortgage interest payments. In the past, landlords could offset these payments against their rental income before making their final tax calculation. From this month, this relief will be...

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Who is Who in a Block of Leasehold Flats?

When purchasing a Leasehold flat there can be some confusion as to ‘who is who’ this guide sets out the key persons in Leasehold and what their title means… Freeholder – owns the land on which the building(s) is built. May also be the landlord. The freeholder is...

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Why use a ‘Proper’ Estate Agent?

The role an estate agent plays in helping buyers and sellers to reach a satisfactory conclusion is critical to the sales process. Yet some vendors are understandably tempted to fall into the trap of trying to do the job themselves in an attempt to “save thousands”....

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First Impressions

You only get one chance to make a first impression! When it comes to letting your home, attention to detail could be pivotal in securing the best possible rent –quickly. Most tenants have a good idea of their preferred location, minimum accommodation needs and ideal...

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Oakfield take over management of St Leonards block

Oakfield are thrilled to announce that we have been appointed as the new managing agents of a block of 11 flats on the seafront in St Leonards. This block is a great addition to our portfolio and follows the addition of a number of new blocks to our portfolio this...

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Property Particulars

Many people think that agents’ property particulars are designed to give a comprehensive overview of a property that is on the market. We believe this is not strictly the case, and that their role is to encourage people to inspect a property that might be suitable for...

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ARLA Propertymark Conference 2017

This year’s ARLA (Association of Residential Letting Agents) Propertymark Conference took place at London’s ExCel centre on Tuesday 28th April 2017. Oakfield were represented by myself Neil Newstead our CEO, Samantha Hensher our Financial Director and our Branch...

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CMP Mandatory for Agents

This week, Government announced that it intends to make Client Money Protection (CMP) mandatory for all letting agents. SAFEagent has campaigned for the last six years for this decision, which will protect consumers by ensuring all agents holding rent money and...

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Market Report – March 2017

This year’s spring market can hardly be regarded as a typical. Traditionally, spring has always been regarded as the busiest time of year for the property market. And whilst you might have read headlines about the strength of the market, this does not necessarily...

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7 Step Guide to a Successful Spring Clean!

Spring is here and with Spring comes the urge to give your house a good old fashioned spring clean. A cleaner more organised house means you will be less stressed when trying to relax in your home. We do however know how daunting it can be when faced with the prospect...

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Buying to Let Continued

As pension funds shrink, many people are considering buy-to-let as a viable alternative, and with good reason. The effect of low interest rates and a historically rising property market make buy-to-let one of the most attractive investments accessible to the public....

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Should I Withdraw my Property following an Offer?

We are often asked by our clients whether they should withdraw their property from the market once an acceptable offer has been made. There are a number of angles on this subject which should be considered in the context of each specific set of circumstances. Firstly,...

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Government Ignores Property Crisis

Wednesday’s budget was noticeable for the absence of any mention of the housing market. This oversight was met with derision from almost every organisation with an interest in the property sector. There has been a succession of housing ministers over recent years,...

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