Will There be a ‘Boris Bounce’ for the Ashford Property Market?

Boris Bounce

The Halifax announced in early January of a Boris Bounce in the national property market as they stated national property values soared 1.7% in December 2019 – the biggest rise since the 1.9% month on month rise in February 2007 (a few months before the Global Financial Crisis aka the Credit Crunch).

Get the flags out – all hail Boris as the Conservatives gain their landslide general election triumph – the Boris Bounce is here … or is it?

The Halifax (as well as the Land Registry and other house price indices) use the data of property that has sold and completed. The Halifax data was based on properties that completed in December 2019, and as anyone who has sold or bought an Ashford property in the last 10 years knows, the time it takes from agreeing a buying price to handing over the money is many weeks. In fact, the average length of time between sale agreed and completion in the country is running at 19 weeks, meaning the figures mentioned by the Halifax are for sales agreed in July and August 2019. This growth relates to what was happening to the property market in Summer 2019.

One of the most important things for the property market is confidence. Interestingly, Rightmove reported a 28% surge in buyer enquiries between the 13th and 18th December. After a couple of years of Parliamentary hold-up, the confidence following this general election is unquestionably a much needed boost for the economy (and ultimately confidence), so much so, shares in the new homes builders Barratt jumped 14% and Persimmon 12% the day after the election, showing a property sector anticipation that the property market is about to move forward as suppressed demand for people moving home is liberated.

Looking at previous elections, I decided to look at what happened to property values in Ashford in the 12 months after each election, with some interesting results:


So, with past experience, a general election generally has a good effect rather than a worse effect on the Ashford property market.

Looking at the rest of 2020, my intuition tells me in the better areas of Ashford, it will likely be a seller’s market, as they will have more influence to ask for higher asking prices from Ashford property buyers that have placed plans to move on hold for far too long – and this could push up Ashford property values more promptly in the short term.

Yet, as more Ashford properties come on to the market in the usual spring rush, we could see Ashford home buyers having more choice and thus, as supply increases with demand remaining the same, buyers will get more power to negotiate a better deal. Irrespective of that, there is still the all-encompassing issue that I have spoken about many times in my blog of not enough homes being built to keep up with the number required, meaning negotiating power and prices being inflated.

The bottom line is, the Ashford housing market will get a slight boost from the general election. The threat of a Jeremy Corbyn government obstructed some Ashford landlords to build or extend their buy to let portfolio in the latter parts of 2019, so as long as sellers remain realistic with their pricing and present their properties in the best light, 2020 in the Ashford property market should be a year of ‘steady as she goes’.

P.S .One final thought – remember what I said about the Halifax price Index being 5 to 6 months behind the times – don’t be alarmed when they announce in the Spring a reduction in property values – like I said before – this will be the prices achieved in the latter parts of 2019 – not what is happening right now.




Ashford BTL Opportunity

GUERNSEY WAY TN24Newly listed with Bradley Bishop, this property’s features include 2 double bedrooms and a conservatory giving an extended living area. The property appears beautifully presented by the vendor with nothing further to spend and I would expect it to be quickly snapped up by a great tenant at an estimated £875pcm, this producing a healthy 4.8% to 5% gross yield.

Full listing details can be found at http://www.rightmove.co.uk/property-for-sale/property-62608657.html

If you would like to discuss the potential of this or any other property you may be considering as an investment, I would be pleased to help – you can email me at robert@taylorslettings.co.uk or by telephone: 01233 663266


Increased Fire Protection For Rental Property

Smoke Alarm


From 1st October 2015 The Smoke and Carbon Monoxide Alarm (England) Regulations 2015 place increased responsibilities on Landlords to ensure that working smoke alarms are installed in all rented properties.



Landlords must:

  • Have at least one smoke alarm installed on every storey of their rental property
  • Have a carbon monoxide alarm in any room with a solid fuel appliance
  • Ensure all alarms are working on the first day of a new tenancy

A pair of 10 year sealed-for-life smoke alarms cost only around £25.00 and give landlords a low cost, tamper-proof and easily installed solution to the new regulations’ requirements and protecting their tenants from the potentially fatal consequences of a fire within their home.


68,000 homes saved from deadly gas incidents in the last year alone.  

15th – 21st September 2014 is Gas Safety Week and new data released by the Gas Safe Register*, has shown an alarming level of safety issues around the UK, with at least 68,000 homes having escaped deadly gas incidents, such as fires, carbon monoxide (CO) poisoning and explosions, in the last year alone:

  • Over half (57%) of registered engineers have had to switch off a customer’s gas appliance in the last year because it posed an immediate risk to life or property
  • Gas Safe Register inspected 120,000 UK homes in the last four years – one in six was found to have an unsafe gas appliance
  • To mark Gas Safety Week (15-21 September) Gas Safe Register, Fire and Rescue Services and engineers will be touring the country to advise the public on how to stay gas safe

Gas Safe Register is the official gas registration body for the United Kingdom and a recent survey carried out amongst Gas Safe registered engineers exposed that over half of engineers (57%) had found a dangerous gas boiler, cooker or fire in a customer’s home in the last year that needed immediately turning off. Of these dangerous appliances, around half (45%) were attributed to the fact that owners had failed to get their gas appliance regularly serviced and had been left in a poor condition.

Despite it being a legal requirement for rented property, these statistics demonstrate the essential nature of Landlords having the gas installations of their property checked annually by a qualified engineer.

In 2013, Gas Safe Register launched the first ever interactive map at StayGasSafe.co.uk allowing people to find how safe or unsafe their area is by simply entering their post code. A free gas safety check reminder service is also available to alert owners when their gas appliances need checking.

Follow Gas Safe Register’s advice this Gas Safety Week:

  1. Get your gas appliances safety checked every year by a Gas Safe registered engineer.
  2. You can sign up to the reminder service and find out about the gas dangers in your area by visiting StayGasSafe.co.uk
  3. Check the front and back of your engineer’s Gas Safe Register ID card, making sure they are qualified to do the specific type of gas work you require.
  4. Check gas appliances for warning signs that they are not working correctly. A lazy yellow flame, black marks or brown stains around the appliance, or too much condensation in the room are all signs that your appliances aren’t safe.
  5. Know the six main symptoms of carbon monoxide poisoning: headaches, dizziness, nausea, breathlessness, collapse and loss of consciousness.

To find a Gas Safe registered engineer and for further gas safety advice visit GasSafeRegister.co.uk or call 0800 408 5500.

*Gas Safe Register is the official gas registration body for the United Kingdom, and by law all gas engineers must be on their register.

Modern Detached House in Egerton

Taylors Lettings have just been  instructed on a 4 bed detached home in Egerton.

Immediately available (30 July 2014) the property offers spacious family accommodation surrounded by well-established gardens and benefits from both mains gas and drainage, double garage & ample driveway parking.

Egerton is an extremely picturesque village overlooking the Weald just 6 miles from Ashford. The village has retained both local shopping & post office plus a Public House, The George, serving a range of cask ales and it’s renowned fine steaks.

With easy access to London via Charing station, both the A20 and M20 nearby and the County Town of Maidstone lying only 10 miles away, Egerton offers an idyllic village lifestyle with easy connections to the necessities of modern life.

Update: Property now ‘Let Agreed’ (03 August 2014)


4 Bed Detached House Egerton Kent

4 Bed Detached House Egerton Kent

Mandatory electrical checks in private rented housing

Landlords are backing calls for the Government to introduce mandatory electrical safety checks in private rented housing.

A debate in Parliament on electrical safety in private rented housing was initiated by Mike Thornton-Liberal Democrat MP, with the Residential Landlords Association also supporting calls for legislation to ensure rented homes are checked by a registered electrician every ten years.

As it stands existing legislation only affects houses in Multiple Occupation and requires tests every five years. Owner occupied houses are only “recommended” to have electrical tests every ten years.

Alan Ward, chairman of the Residential Landlords Association said, “It is illogical that gas checks are required annually but electrical safety checks are applied only to a part of the market. As with gas, tenants should rightly expect that when they move into a property theelectrics are safe and should be able to see a dated certificate to prove this. However tenants must also not overload or abuse their own electrical equipment which is a frequent cause of fire and injury.”

UK growing as nation of renters

As home ownership follows a downward trend, there has been rapid growth in residential lettings with the UK edging closer to its European neighbours by becoming a nation of ‘renters’ says Dorian Gonsalves, CEO of Belvoir Lettings.

There has been rapid growth in residential lettings with over 15% of all UK homes (3.2m) now in the Private Rented Sector (PRS).
Some Government estimates predict a further rise of 33% in the residential market over the next eight years-taking private rented property to 20% of all UK homes by 2021.

“Over the past year the PRS has remained on a firm footing and despite Government ‘pump priming’ initiatives such as the ‘Help to Buy’ scheme, there has been no real impact on the continued demand for rental property,” says Mr Gonsalves.

“Belvoir predict that in 2014, the number of people choosing to rent will continue to drive up demand. There are real indications of a recovery in the housing market with property prices predicted to rise, along with a projected 25% increase in Buy to Let (BTL) mortgage lending. With this we expect to see the re-emergence of more and more investment minded landlords looking to capitalise on this trend.”

“We now anticipate that over the next few years, new rented housing stock will come from different directions, partially from institutional investors returning to the market to provide much needed funding,” says Mr Gonsalves.

Letting Agents to be forced to sign up to approved complaints service

Better protection for tenants is the order of the day as letting agents are forced to sign up to one of three government-approved complaint services as a package of measures to give peace of mind.

Kris Hopkins, Housing Minister, announced the three approved ‘redress schemes’ which all property management and letting agents are required to join this month (15 April 2014).

The three services consisting of The Property Ombudsman, Ombudsman Services Property and The Property Redress Scheme-will offer independent investigation of complaints about hidden fees or poor service. Where a complaint is upheld, tenants and leaseholders could receive compensation. There are currently 3,000 agents, which is 40% of the industry, not signed up to any of these organisations.

The news comes as The Property Ombudsman announced a 23% increase in enquiries and complaints relating to letting agents in its annual report.

Mr Hopkins said: ‘ A small minority of agents are ripping people off, and giving the whole industry a bad name. That is why we will require all agents to belong to one of the official redress schemes. They will ensure tenants have a straightforward route to take action if they get a poor deal, while avoiding excessive red tape that would push up rents and reduce choice for tenants.’

The measures will come into force later this year as the changes are included in the Enterprise and Regulatory Reform Act, which received royal assent in 2013.

The government will also be introducing a voluntary code of practice for private landlords, a model three-year tenancy agreement and extra guidance to help councils tackle rogue landlords.

Christopher Hamer, the ombudsman at The Property Ombudsman said: ‘As the largest redress scheme in the property sector I am naturally very pleased that TPO has received official recognition from the government as an approved redress scheme.’

Seaside property popular for summer

Littlestone 2 Bed House to Rent

Littlestone 2 Bed House to Rent

Although a mid-Kent town, Ashford is fortunate to be only half an hour or so away from some of the best coastline in the country.

A few of the popular towns and villages local to Ashford that offer seaside living include Littlestone, Dungeness, Camber Sands and Rye, all of which are no more than 45 minutes drive away.

This property on the popular Blenheim Road in Littlestone is available through Taylors Lettings. With 2 bedrooms the house has been recently refurbished throughout and is just a few minutes walk from the seafront.

We regularly have properties available on the seafront and in seaside towns in Kent including flats, houses and detatched homes. For more information on this or any other seaside property contact us on 01233 66326601233 663266.

Why choose Wye?

With it’s rolling hills, village charm and riverside setting, you can already see why Wye in Kent was recently voted by The Sunday Times as one of the UK’s most popular places to live.

Wye Cottage to Rent - Taylors Lettings

2 Bed cottage – Bridge Street, Wye

Embedded as part of the charm of the Garden of England, it is Wye’s easy access to London that makes it ever more popular with those that work in the city. It has retained it’s train station, taking only a few minutes to access Ashford International’s mainline & international services although the high speed Javelin Train does actually stop at Wye station, with the commute to St Pancras then taking less than 1 hour.

Taylors Lettings currently have a 2 bedroom cottage available located on Wye’s High Street with many original features such as wooden staircasing and exposed beams. The property is well located for all village amenities with the local village store just a few minutes away, the train station around 10 minutes walking distance and several restaurants and pubs just up the road.

We are proud to manage several properties in the Wye area, so if you are looking to rent a home in one of the UK’s most popular places to live, be sure to contact Taylors Lettings on 01233 66326601233 663266.

New Taylors Lettings Website

Welcome to the new look Taylors Lettings website!

Taylors Lettings in Ashford

Taylors Lettings in Ashford

From our news section we will provide useful information and opinion on current news and affairs in both the rental market and regarding Ashford and the surrounding area. Our news section will be a useful hub for Landlords and Tenants alike including information in areas such as:

  • Infrastructure changes within Ashford
  • Information about safety changes for landlords
  • Helpful contacts
  • New properties and interesting information about them
  • Advice on letting for both Landlords and Tenants

The News section will be updated regularly, but if you would like advice or assistance on any aspect of renting your property, then visit the Contact Us page and fill in our enquiry form or call us on 01233 66326601233 663266.

Taylors Residential Lettings Limited, Company no. 6002742, Regd Office: Suite 1, Invicta Business Centre, Monument Way, Ashford TN24 0HB