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As February unfolds, we’re here to help you build momentum and make informed property decisions in 2025. This month, we’re diving into smart innovations to boost your property's appeal, essential care tips for buyers, sellers, landlords, and tenants, and the latest UK housing trends shaping the market.

Whether you're planning to buy, sell, or grow your property portfolio, our February newsletter is packed with expert insights and practical advice to keep you ahead.

So, grab a warm drink, get comfortable, and let’s make the most of the opportunities this year has to offer.

Equity release: Is it right for you?

Whether you decide to release equity in your home largely depends on your individual circumstances. Whether you are looking to increase the size of your pension pot or simply want to make some home improvements, you have a lot of options. We can’t advise you, but we take a closer look at some of those options.

What is equity release?

Equity is the amount of value you own in your home after you have subtracted any borrowings, such as mortgages on your property. Releasing equity from your home, in the simplest terms, means using some of that value in exchange for cash. There are a number of different ways to release equity depending on your needs.

Ways of releasing equity

Re-mortgaging

If you are interested in borrowing more money against the value of your home to make home improvements or even for debt consolidation, this may be an option. If you use your existing mortgage provider, then you may be eligible for additional borrowing. This allows you to borrow more money with your current mortgage. This means if your mortgage is on a better rate currently, you may end up paying more interest. On the other hand, you may choose to find a new mortgage provider in order to get a better mortgage interest rate.

Lifetime mortgages

Aimed at homeowners aged 55+, this type of mortgage allows you to borrow a proportion of your home’s equity. You could do this in one or a series of lump sums, while drawdown allows you to take equity as and when you need it. Interest will then be charged on the amount you borrow, which will be repaid when your home is sold. Most mortgage providers will allow you to repay up to 10% each year on the loan amount you borrow as equity from your home. It’s important to check that the scheme you choose comes with a no-negative equity guarantee in case mounting interest exceeds the value of the property in future years.

Home reversion

Targeted at homeowners aged 60+ this scheme involves selling part of your home to the lender for a lump sum or an agreed income for a percentage of its market value. For example, you may sell 50% of your home for 30% of what it’s worth. While you can carry on living in the home, you will only receive a percentage of the market value for the share of your home you sell to them. This makes this scheme less popular than a lifetime mortgage due to its costly nature. When the home is sold, the revenue from the sale is divided according to the percentage each party owns, which includes any increases in value.

Could downsizing be a better move?

If you need to fund your retirement and find yourself in a position where you have too much space, downsizing could be a better option. Most people are not best pleased about taking equity out of their homes. It can be a complicated and confusing process, which could erode any inheritance you leave for loved ones. Most people prefer the idea of owning their homes outright. Moving to a smaller, more energy-efficient property could give you a lump sum to fund your future plans without relinquishing any part of your home ownership.

Discuss your property options with a good agent

Sometimes properties themselves can hold the key to new opportunities and the solution to a better future. So, whether you want to downsize and use the profit from selling your old property to start a property portfolio, help family get on the ladder or to retire, it’s worth talking to your agent. Maybe you are making home improvements and want to know how much value you can add to your home. Perhaps you have hatched an ingenious plan that could involve letting part of your property to build a nest egg. Whatever your plans are, it's important to seek the right advice.

Contact us today to explore your property options

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The 2025 mortgage checklist: What to prepare

With the property market gaining momentum in February 2025, and mortgage deals improving, many buyers are taking steps towards securing their dream home. A mortgage is a key part of the process, and being well-prepared can make all the difference when it comes to securing the best deal and moving quickly when you find the right property. Whether you are a first-time buyer or moving home, having everything in order before you apply can help make the process smoother. Here is what you need to prepare for your mortgage application this year.

Check your credit score

Lenders will assess your credit score to determine your reliability as a borrower. A strong credit score can improve your chances of being offered a competitive mortgage deal. Before applying, check your score through a reputable credit reference agency and ensure there are no errors on your report. Simple steps such as paying bills on time and avoiding unnecessary credit applications can help maintain a healthy credit profile.

Organise proof of income and employment

Lenders need to see that you have a steady income to cover mortgage repayments. If you are employed, you will usually need to provide recent payslips and a P60 form. If you are self-employed, you may need at least two years of tax returns and accounts, along with bank statements showing your earnings. Having these documents ready in advance can speed up the approval process.

Calculate your deposit and budget

Knowing how much you can afford to put down as a deposit is essential before applying for a mortgage. The higher your deposit, the more mortgage options may be available to you. In 2025, there are still government schemes such as the mortgage guarantee scheme, which supports buyers with a smaller deposit. It is also important to factor in additional costs such as stamp duty, legal fees, and moving expenses when planning your budget.

Prepare bank statements and outgoings

Lenders will review your spending habits to assess whether you can afford mortgage repayments. Be prepared to provide several months’ worth of bank statements showing your income and regular expenses. Reducing unnecessary spending in the months leading up to your application can help demonstrate financial responsibility and improve your chances of approval.

Get an agreement in principle

An agreement in principle is a statement from a lender confirming how much they are willing to lend based on an initial assessment. While not a formal mortgage offer, it gives you a clear idea of your budget and can make you a more attractive buyer when making an offer on a property. Many estate agents will ask for this as proof that you are in a strong position to proceed with a purchase.

Research mortgage options

There are various types of mortgages available, including fixed-rate and variable-rate options. It is worth researching what suits your financial situation and future plans. Speaking to a mortgage broker or advisor can help you understand the latest deals available in 2025 and find a mortgage that meets your needs. Keep an eye on lender requirements, as affordability checks and lending criteria can change over time.

Consider your future financial plans

Before committing to a mortgage, think about your long-term plans. If you expect changes in your income, job, or lifestyle, it is important to choose a mortgage that fits your future goals. Some buyers may prefer flexibility, while others might want the security of a fixed monthly repayment. Planning ahead can help you choose a mortgage that suits both your current and future circumstances.

Be ready to move quickly

With the property market seeing increased activity in early 2025, being prepared gives you an advantage when you find the right home. Having all the necessary documents in place, securing an agreement in principle, and understanding your budget can help ensure you are ready to act when the opportunity arises.

Book a valuation for expert guidance on the next steps in your home buying journey

Your property market update for buyers and sellers

The UK property market is kicking off 2025 with strong momentum, as renewed buyer confidence, competitive mortgage deals, and increased property listings create a dynamic environment for both buyers and sellers. With house prices rising and market activity growing, it’s shaping up to be an exciting year for those looking to make a move.

Property prices on the rise

House prices have climbed by 1.7% (+£5,992) this month, bringing the average price of property coming to market to £366,189. This is the biggest early-year increase in five years.* This suggests that demand remains high, giving sellers a positive outlook. Buyers, on the other hand, should act swiftly when they find a well-priced property, as competition is strong.  

More sellers are listing their homes

There has been an 11% increase in new property listings compared to the same period last year.* This means buyers have more choices, but it also highlights that sellers are feeling optimistic about the market. If you’re thinking of selling, now is a great time to take advantage of buyer demand and ensure your home is presented well to stand out from the competition.

Buyer activity is gaining strength

The number of agreed sales has increased by 11% year-on-year,* signalling that more buyers are committing to purchases. With realistic pricing, desirable properties are receiving strong offers, and many buyers who were waiting on the sidelines in 2024 are now taking action. With improving market conditions, hesitation is decreasing, and serious buyers are moving forward.

Competitive mortgage deals are driving activity

One of the biggest shifts in 2025 is the mortgage market. Lenders are offering more competitive rates, encouraging buyers who may have delayed their move last year to re-enter the market. Lower borrowing costs mean increased affordability, making homeownership more accessible for many. This is particularly good news for first-time buyers, who now have more options at reasonable rates.

Energy efficiency matters more than ever

With new energy regulations on the horizon, buyers are becoming more focused on a property’s Energy Performance Certificate (EPC) rating. Homes with strong energy efficiency credentials, such as upgraded insulation, solar panels, and heat pumps, are attracting increased attention. Sellers who make energy-efficient improvements can boost their home’s appeal and potentially secure a higher sale price. Buyers, meanwhile, are factoring in future energy costs and favouring properties that offer long-term savings.

Government support schemes for buyers

Government-backed schemes continue to play a vital role in helping people onto the property ladder in 2025. The First Homes scheme remains a popular option, offering discounts of up to 30% for first-time buyers purchasing newly built homes. Meanwhile, the Mortgage Guarantee Scheme, extended to June 2025, is allowing buyers with a 5% deposit to access more affordable loans. Shared ownership options are also available for those looking to step into homeownership gradually. These initiatives are making it easier for buyers to secure financing, widening access to the property market.

A market full of opportunities

With more properties available, competitive mortgage rates, and growing buyer confidence, 2025 is shaping up to be a great year for both buyers and sellers. Sellers who position their homes well can attract strong interest, while buyers who act decisively can secure good deals in an active market.

Book a free valuation today and take advantage of the opportunities in this evolving property market

Rightmove*

Key positives driving the UK property market forward this February

The UK property market is showing strong momentum this February, with increased activity from both buyers and sellers. A combination of rising demand, improved mortgage deals, and appealing properties is fuelling confidence in the market.

Prices reflect strong demand

The average price of a property coming to market increased by 1.7% (+£5,992) in January to £366,189, marking the biggest jump in early-year prices in five years.* This growth reflects continued buyer interest and suggests that those considering selling their homes could benefit from robust demand and competitive offers.

Active sellers

Sellers are entering the market with renewed confidence, with 11%* more new properties listed compared to the same period last year. A wider selection of homes gives buyers more options while ensuring sellers attract attention from a motivated pool of purchasers eager to move.

Active buyers

Buyer demand is also on the rise, with the number of agreed sales increasing by 11% year-on-year.* More buyers committing to purchases signals a thriving market, where realistic pricing and desirable properties are securing strong offers.

Stamp duty

With the 1st of April deadline having prompted many to start early, first-time buyers and homemovers seized the opportunity to minimise costs, adding more momentum to the market. Homemovers who do not move before then recognise the 2%** increase in stamp duty between £125,001 and £250,000, amounting to £2,500, is relatively small set against their investment and the improving market conditions. This makes the decision to move more straightforward.

Better mortgage deals

Lenders are responding to market conditions with more competitive mortgage deals, helping buyers secure favourable rates. Lower borrowing costs are encouraging those who may have delayed their move last year to re-enter the market, boosting overall activity and driving momentum.

Beautiful properties

With more homes available, buyers can explore a diverse range of properties, from charming period homes to contemporary new-builds. Sellers who present their properties well, using professional photography and effective marketing, can attract strong interest and secure the best possible price in this active market.

Market confidence

The improving economic outlook and rising consumer confidence are supporting the property market’s momentum. Stable house prices, increasing wages, and a strong rental market are encouraging both buyers and investors to act. With greater certainty in the market, more people are taking decisive steps towards buying or selling their homes.

Start your journey this February with confidence by booking a free valuation

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