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In our first of Novembers interviews we caught up Carla Frampton a property investor from Nottingham and here is what she had to say:

Can you tell us about yourself and how you got into your current role and what you like about your job?

My husband and I started in property in 2015 after spending 13 months in a touring caravan saving for our first house. We could only afford something that needed work so when we sold it 18 months later we made enough money to start the business in buy to let's. 
 
What is that your company currently does and what sets them apart from their competitors?
After investing in our property education we started buying buy to let's and decided that there was a gap in the market for pet friendly rental homes, which sets us apart from competitors.
Coming from a a veterinary background I was happy with our business plan and soon had a massive waiting list of potential tenants!

How has Covid-19 affected the company?

Covid hasn't really affected us and luckily our tenants have also been able to keep up with rent payments.

What would you say your local property market is like at the moment?

Although we seem to be experiencing a property boom as property prices are still rising we believe this won't be long lived and after Christmas, if not before, we may see a drop in prices.

Can anything be done to help the property sector at this moment in time?

It would be great if the hold on stamp duty applied to landlords but private landlords always seem to get left out of any benefits!

Do you think Covid-19 will have a lasting affect on the property market?

Covid may well have a lasting affect on property, especially if people who can no longer afford to pay their mortgages by losing their jobs may have to rent the demands for rental houses may well increase further.

Where do you see yourself and the company this time next year?

This time next year we hope to have double our portfolio and be able to offer more high quality homes to people with pets.

If you would like to know more about Carla and her company "The Life Of Riley Homes" you can find her on LinkedIn here.

 

Estate agents

If we’re honest it was only a question of when and not if we went into a 2nd national lockdown, what’s breaking news is in fact that the housing market will remain open over the new four-week lockdown period. This was confirmed in a tweet by Housing Secretary Robert Jenrick, advising the same guidelines should be followed as the guidance given back in August. 

The current government guidelines can be found here. 

So, can you still move home? 

As in stands the answer is yes, but the Gov.uk official advice states “It may become necessary to pause all home moves locally or nationally for a short period of time to manage the spread of time to manage the spread of corona virus”. Estate agents and other businesses such as removal companies have been told they can remain open as long as they follow the correct Covid advice. 

Good news  

  • The mortgage holiday will no longer end and we’ll be given more information about this on the upcoming days. 
  • Tradesman such as plumbers and electricians can still come into your property and carry out work. 

Tier 3 restrictions that were due to come into play will no longer come into effect and the whole of the country will be under the same guidelines and restrictions.  

Peregrine Property 

Here at Peregrine Property, we will keep you updated, if you're unsure in the latest rules and guidance be sure to get in touch. 

 

 

Peregrine Property

Our last interview this month is with owner of Elevate Home Styling Rebecca Suaznabar, here is what she had to say,

Can you tell us about yourself and how you got into your current role and what you like about your job?

Hi my name is Rebecca and along with my friend and business partner run Elevate Home Style. We both have a passion for property and interiors, but love working with people and getting to see inside people’s homes. I love being able to help people sell their home, which can be such a stressful time, and make things that bit easier. I wish there had been a service like ours when I moved house.

What is that your company currently does and what sets them apart from their competitors?

We help prepare people’s houses for sale. Our work is really bespoke and unlike a lot of big companies we specialise in working with what our clients already have, helping to organise and clear things away, so that it looks the absolute best for photos – and stays that way! We can help home owners see their property through a potential buyers eyes – which although a challenge is the most rewarding part. Now more than ever photos are so important for how buyers judge a property, we ensure that each room looks its best, and lives up to that in person. It’s often the small touches that go the furthest.

How has Covid-19 affected the company?

A lot of our work has been very hands on, in people’s houses. Since Covid-19 we have had to rely more on ‘virtual’ consultations. This can be a slower process than if we can see inside a property, but clients have had more time to put into making changes which has helped. The housing market locally has really started to pick up which is great, and i think people seem to be more open to new ideas of how to make their homes stand out visually.

What would you say your local property market is like at the moment?

I live in a small village where the market is generally quite slow, however things are really started to move, and quick which I haven’t seen before.

Can anything be done to help the property sector at this moment in time?

I think everyone in the industry needs to adapt and work with the current situation, even though it isn’t ideal. Now more than ever different companies need to work together to support each other. People will always want to move house, there will always be a need.

Do you think Covid-19 will have a lasting affect on the property market?

Yes I do, I think Covid-19 will have a lasting affect on most aspects of our lives. I think that it has made people even more aware of how important their homes are, when you have to spend weeks on end in them without leaving. What we look for has changed, and I think a lot more people will be looking for more outside space and office space.

Where do you see yourself and the company this time next year?

 Hopefully working with even more clients, and able to transform their homes (from inside rather than virtually!).

 

We'd like to thank Rebecca for her input, but if you'd like to find out more about her and Elevate Home Styling you can do so here www.elevatehomestyle.com.

 

Peregrine Property

In this week's latest interview we caught up Jaime Tillyer who co-founded Vouch and we'll let her tell you all about herself and Vouch.

Can you tell us about yourself and how you got into your current role and what you like about your job?

I co-founded Vouch with my husband, sister, brother in law and our CTO Dan three years ago. We identified a gap in the referencing market that offered agents a good quality reference that they could be involved in and also generate revenue to replace some of the lost income from the tenant fee ban.  I am the Operations Director, and the favourite part of my job is identifying ways in which we can make things slicker for agents and applicants and remove all pain points from the tenant moving experience.  We have also been redeveloping our platform to take on board all of the very latest technology, such as facial recognition and open banking technologies.

What is that your company currently does and what sets them apart from their competitors?

Vouch offers tenant referencing to letting agents that is not just cost-effective but also allows them to generate additional revenue.  We have led the way in paying commissions to letting agents and not just using tenant data as a way of bolstering our own profits.  We are different in the fact that we are driven by technology and are trailblazers for technology in the industry.

How has Covid-19 affected the company?

The property market took a hit at the start when people were restricted in moving however, we took this opportunity to reach out to all of our customers and take time to connect with them on the phone.  A lot of the time agents were working from home and it was great to just have a chat with them and hear their kids and animals in the background as I feel it really humanised people.  The number of customers we were onboarding also hit an all-time high as decision-makers from within businesses had more time to look at different products and services that were available to them.  Vouch is a contactless system, so it meant applicants could go through the whole application process from their phone and it does not involve any face to face contact.

What would you say your local property market is like at the moment?

We work on a national scale but we are based in Sheffield.  In terms of Vouch, we are seeing a record number of people going through the system and we are processing in excess of 20,000 applications per month. 

Can anything be done to help the property sector at this moment in time?

The fact that the courts are open again will help landlords who are struggling with rent arrears.  In terms of helping tenants, I think there is a great range of products out there that can help when moving.  For example, there are deposit replacement products, such as Reposit, that can be used to free up cash for tenants and provide an extra layer of protection for landlords as it offers more than the standard 5 weeks rent that is prescribed by the deposit cap.

Do you think Covid-19 will have a lasting effect on the property market?

My opinion is no, there will be short term effects such as the student market may see a downturn for the next academic year but people will always have to move. 

Where do you see yourself and the company this time next year?

Well, what a question...I think Vouch will still be leading the way in tenant referencing and selecting the best income generation products for agents by using the very best and latest technology that will not only save the agents money but also help grow their revenue streams as well. 

 

You can find more about Jamie and her company www.Vouch.co.uk here.

 

Peregrine Property

It’s quite often that when you first put your property for sale that you may choose the wrong estate agent as you often led by false promises that the estate agent tells you what you want to hear to get you on board, but later down the line your house is still on the market, with little viewings and having to reduce the value of your property once again. You should make yourself aware of other local estate agent tricks of the trade.

So, months are passing by, the interest in the property has dried up, you’ve probably been in contact with the estate agent daily just for an update on viewings but unfortunately there isn’t anything to report back on more often than not.

It’s time to consider changing estate agent, someone that prides themselves on customer service and would go the extra mile rather than about their own commission. The question that home sellers quite often ask is, but where do I stand contractually? Can I just change estate agent?

The very first thing you should do is take a read over the contract that was agreed, it will be in the fine print and most likely be under the breakaway clause. Most estate agents will let you do this as long as you given them a fair chance to sell your property, some may stipulate a 14 day cooling period so they can chase up ongoing leads and interest they may have, a final push.

Are they any fees involved to move away? It will be worth getting an opinion on this from your new estate agent, as some estate agents will put in what’s known in the industry as a “ready, willing and able purchaser” clause.

Peregrine Property

Customer service, honesty and transparency is something we pride ourselves on, you only have to read our reviews to see we are an industry leader in this.

If you have a property for sale that isn’t selling and perhaps your losing faith with your current estate agent, why not contact us and find out what we can do for you? We’re more than happy to help and advise.

 

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