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colin gilmore

colin gilmore

Colin was born and bred in nearby Oakham. He has 25 years' experience in operations management in a multi national company, as well as 5 years experience in the provision of housing finance and services, in his role as a building society manager. His hobbies include photography and DIY.

Posted by on in News

What strikes me is that much of it is all about grabbing an audience with headlines that offer a fantastic low cost deal and then when you are hooked you start to see that there are extras if you want things that you would have taken as a given if you were with a high street agent. I have come across For Sale boards as an extra, accompanied viewings as an extra, newspaper adverts as an extra, brochures as an extra money up front even if you don’t sell ….!

A high traditional high street estate agent is a prime example of a one stop shop. As shop where you can call in and talk to an advisor, have discussions about your needs and aspirations and somewhere that you feel you really matter. After all it is about you the seller!

 I have found that at least one of the colourful national online only estate agents does not even offer a means for a potential buyer to call and make an offer! We have an example at our sister company, Oaktree Mortgages, where they had to make an offer on behalf of a client and it took a week on online attempts and ‘helpline’ calls to get the offer placed. If I was the vendor I would not have been well pleased to know that a buyer could not get an offer to me.

 So I ask myself “Is there a place for the online only estate agent?” and in all honesty I can’t really see what I would get for my money. At the end of the day it comes down to trust for me. I want to have the assurance that I have a group of local experts looking out for my interests in what will probably be the most significant financial transaction that I will ever do. I want to be able to see them or talk to them straight away if I have any questions or concerns. I don’t see how entrusting this to a form fill on a website and a DIY approach will help me.

Posted by on in News
New Legislation

From 1st October 2015 it becomes law that at the time a tenancy is created that there must be a working smoke alarm on every habitable level of accommodation and there must also be a working carbon monoxide detector in every room that contains a solid fuel burning appliance*. So if you choose to manage the letting of a property yourself, you need to ensure that you comply as you create new tenancies and give serious consideration to any established letting portfolio that you may have. It is suggested that when you conduct routine inspections of your properties that you upgrade/relocate your alarms as necessary.

Here at Hancocks we have already changed our pre rental property assessments for landlords and will be reviewing every property as part of our inspection program so that we can report to landlords changes they may wish to implement.

1st October also saw the introduction of new documentation to be issued (with proof of issue needed) at the start of a tenancy as well as a new Section 21 notice to bring a tenancy to an end. If you are a self-managing landlord you need to take steps now to ensure that you comply otherwise you may not be able to enforce a notice to quit a premises.

Yet another good reason why it pays to have a managing agent to take care of such matters for you.

*there are some exceptions to these rules but to all intents and purposes if you are letting a standard residential property then the changes will apply to you.

Posted by on in News

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Tagged in: News Site Updates