On Your Masks, Get Ready, Go!
Published by Vesta Property on 15th May 2020 -
There have been a lot of talks between Government ministers and industry associations and stories of a host of proposed new rules around how the property market - both sales and lettings - will need to operate in the short- to medium-term.
This includes continued social distancing, which may mean that the landlord, estate agent, and tenants are required to step out of the property while a viewing takes place and the viewing will be restricted to no more than two adults at a time. There is also likely to be time limits with 15 minutes per viewing and surfaces will need to be disinfected and doors left open throughout the property before the viewing starts. There is also talk of adopting some level of basic PPE to protect the individuals involved.
Once finalised, it is expected that the private rented sector will be one of the first to be released from lockdown. Are you ready?
Landlords that want or need to sell need not wait! At Vesta it is business as usual and we are gaining new listings and sales daily. As the specialist in marketing and selling residential investment property with tenants in place and a UK and international buyer audience we are very well positioned to help.
Vesta will continue to work with landlords, managing agents and tenants to ensure we always adhere to these new rules, including utilising digital technology as much as possible to keep our customers, staff, and partners safe. For example, we already have many landlords who purchase properties based on video walkthroughs and will only physically view the property much further down the transaction process, if at all. Often these investors will be buying properties in areas far from where they live, and it is therefore not practical for them to undertake a physical viewing.
If you are thinking of adding to your portfolio or buying your first investment property it might be time to start getting your strategy and finances ready. Vesta has partnered with award-winning, professional specialist mortgage broker Coreco, who can support you whether you're a first-time landlord, small landlord, or an experienced portfolio landlord with tens, hundreds, or thousands of properties.
Browse our marketplace to see what is available today - new properties are added daily - and feel free to get in touch if you're looking at either buying or selling.