Foxtons news

property-listings-website

<h2 class='intro_basic'>Noticed our new look? The brand-new Foxtons.co.uk website has just launched – and it's much more than a fresh coat of digital paint. While we already have the UK's most visited estate agency website,<sup>1</sup> we know there’s always more we can do for our customers. That's why we've completely redesigned your Foxtons.co.uk experience.</h2>
<p><small><sup>1</sup> Source: Similar Web data, most visited estate agency brand website in the UK, December 2024-March 2025.
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<a href="https://www.foxtons.co.uk/" target="_blank"><img src="https://page-assets.foxtons.co.uk/news-images/2025/03/estate-agency-website/720.jpg" class="rsImg" data-rsTmb="" data-rsw="707" data-rsh="397" alt="" /></a>
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<center><h3><b>Refined. Redesigned. Ready for you.</b></h3>
<p>
Our new website delivers on what matters: finding your new home sooner, selling with confidence and letting with ease.

<p><b>The London market moves fast. 
<br>With Foxtons.co.uk, you'll move faster.</b>
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<h3>All part of the service</h3>
<p>We know property transactions can feel overwhelming. After all, it is one of the biggest transactions you'll make in your life. That's precisely why we've invested in this total website redesign – to make your property journey simpler, smoother and more intuitive at every step.

<h3>New high-spec features</h3>
<p>Our website redesign includes: 
<p style = "margin-left: 25px">• <b>Enhanced property searching</b> to help you find your perfect match faster.
<p style = "margin-left: 25px">• <b>Streamlined navigation</b> to guide you effortlessly through every stage. 
<p style = "margin-left: 25px">• <b>New, improved content</b> to support your journey in London property. 
<p style = "margin-left: 25px">• <b>Intuitive functionality</b> to anticipate your questions and needs. 

<h3>That's phase one done</h3>
<p>This is only the first phase of our digital transformation. We've got an exciting roadmap of additional features, content and enhancements already in development. But that's the Foxtons way – we know that your needs are constantly evolving, so we'll never stop improving. 


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<a href='https://www.foxtons.co.uk' target='_blank'><img src='https://page-assets.foxtons.co.uk/news-images/2025/03/property-listings-website/720.jpg' alt=''></a>
<figcaption><a href='https://unsplash.com/photos/woman-using-smartphone-0wyy5mAj1-o' target='_blank'>Photo</a> by <a href='https://unsplash.com/@belart84' target='_blank'>Artem Beliaikin</a> | <a href='https://unsplash.com/license' target='_blank'>Unsplash</a></figcaption>
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<h3>Your personal hub</h3>
<p>The <a href='https://www.foxtons.co.uk/' target='_blank'>My Foxtons portal</a>, where you’ll find your account with us, has a fresh new look too: 
<p style = "margin-left: 25px">• <b>Marketing progress</b> showing exactly what we’re doing to achieve your property goals, so you can easily follow along.
<p style = "margin-left: 25px">• <b>Clear task management</b> so you never have to wonder if there’s something you’ve missed or forgotten.
<p style = "margin-left: 25px">• <b>Organised document library</b> making it easy to store and find your important documents.
<p style = "margin-left: 25px">• <b>Improved financial tracking</b> allowing our landlords to generate statements much more easily.

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<a href="https://www.foxtons.co.uk/myfoxtons" class="cta-button cta-button-primary">Explore My Foxtons</a>

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<h3>Introducing the architects</h3>
<P>This website has been built both through our partnership with global tech leaders and thousands of hours of dedication from our in-house digital specialists. Our teams of IT Technicians, Web Developers and Performance Marketers have pooled their collective decades of property technology expertise with one goal: making your experience in the property market the best it can be.
<p>And we're not stopping here. These same dedicated teams will continue refining and enhancing your experience as we roll out this new website, swiftly resolving any teething issues along the way. Beyond the launch, they will work to ensure the site constantly evolves to meet your changing needs.

<p>Start your journey with Foxtons.co.uk:  


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<a href="https://www.foxtons.co.uk/valuations" class="cta-button cta-button-primary">Book a valuation</a><br>

<a href="https://www.foxtons.co.uk/properties-for-sale/south-east-england" class="cta-button cta-button-secondary">
  
Property for sale</a>

<a href="https://www.foxtons.co.uk/properties-to-rent/south-east-england" class="cta-button cta-button-secondary">
  
Property to rent</a>
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   <p><p><b>Source:</b> This article has been produced by the Foxtons in-house marketing team in coordination with the specialist teams who have delivered the new Foxtons website and My Foxtons portal for you. If you have any questions, please let us know at [Could put our experts email address or contact form: https://www.foxtons.co.uk/contact/form] </div>



Selling

Buying

properties-near-london-parks

<h2 class='intro_basic'>On this gorgeous first day of spring, as Londoners flock to parks across the city, we're looking at what park-side living means for property buyers and sellers.</h2>

<p>The sunshine has transformed London today. Whether you're enjoying lunch on a local Common or drinks at a riverside pub, days like this showcase why homes near parks command such premium prices. 

<p>Is it worth booking a viewing? Getting your park-adjacent home valued? Here’s what our experts have to say…



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<img src='https://page-assets.foxtons.co.uk/news-images/2025/03/new-build-development-park/720.jpg' alt='home by a park'>
<figcaption>Photo by Foxtons Specialist Video & Photography team</figcaption>
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<h3>Expert insight: the park premium </h3>
<p>For this, we look to a local expert. William Cooke, Operations Director – Sales in Foxtons Battersea office, shares his experience with property near Battersea Park:

<p style="margin-left: 25px">"Living near London's parks commands significant price premiums, we even shared some research showing properties adjacent to premier parks priced 53% higher than the broader market. Battersea Park boasts the second-highest premium in the capital, with homes across SW11, SW3, and SW8 averaging £927,098—50% higher than wider Wandsworth.<sup>1</sup>

<p style="margin-left: 25px">I can tell you from experience that homes near Battersea Park are remarkably sought-after. They rarely linger on the market – we often have multiple viewings scheduled within days of listing, and competitive offers follow quickly.

<p style="margin-left: 25px">As a seller, this means you can expect strong interest and potentially favourable selling conditions. We're constantly on the lookout for new properties in this area to meet the persistent demand from our qualified buyers.

<p style="margin-left: 25px">For buyers, these spring days truly showcase what makes Battersea special - families enjoying picnics by the lake, joggers on tree-lined paths, and residents savouring the peaceful green space in urban London. When you purchase here, you're not just buying a home but investing in a lifestyle and a historically resilient asset.” 

<p><small><sup>1</sup> Source: Foxtons research - available in <a href='https://propertyindustryeye.com/london-parks-push-up-house-prices-by-over-50' target='_blank'>Property Industry Eye</a></small>

<h3>The green city</h3>
<p>With nearly 3,000 parks across London (<a href='https://www.london.gov.uk/programmes-strategies/environment-and-climate-change/parks-green-spaces-and-biodiversity/parks-and-green-spaces#:~:text=London%20is%20a%20surprisingly%20green,reservoirs%2C%20and%20riversides%20to%20explore.' target='_blank'>source</a>), this 'park premium' extends well beyond Battersea. From the vast expanses of Richmond Park to the manicured gardens of Regent's Park and the community feel of all our amazing local Commons, proximity to green space consistently boosts property values.

<p>At Foxtons, our local experts can provide tailored insights for your specific area – whether you're selling near Greenwich Park, buying close to Hampstead Heath, or exploring options around Victoria Park. We understand the nuances of each local market and can help you maximize your property's park proximity value or find the perfect green space home that meets your lifestyle needs.

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<a href='https://www.foxtons.co.uk' target='_blank'><img src='https://page-assets.foxtons.co.uk/news-images/2025/03/central-london-park-home/720.jpg' alt='London roof terrace property'></a>
<figcaption>Photo by Foxtons Specialist Video & Photography team</figcaption>
</figure>


<h3>The sunnier side of London living</h3>
<p>Searching for that perfect south-facing garden flat? Wondering what your Holland Park property is worth in today's market? With spring arriving, it's the ideal time to explore London homes, and our local expertise can help you spring into action:

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<a href="https://www.foxtons.co.uk/valuations" class="cta-button cta-button-primary">Book a valuation</a>

<a href="https://www.foxtons.co.uk/properties-for-sale/south-east-england" class="cta-button cta-button-secondary">
  
Browse homes on the market</a>

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   <p><p><b>Source:</b> This article uses local knowledge from one of our Operations Directors, as well as Foxtons own data on <a href='https://propertyindustryeye.com/london-parks-push-up-house-prices-by-over-50/' target='_blank'>property premiums around parks</a>. With it, we aim to give a snapshot of the opportunities around the kinds of homes we’re all dreaming of on these lovely, sunny days. If you have any questions on the article, <a href='mailto:experts@foxtons.co.uk?subject=London%20Parks%20Article' target='_blank'>ask a Foxtons expert</a>.</div>



Landlords

Legislation

property-adverts

<h2 class='intro_basic'>April will bring some new rules around property listings. There isn't anything major changing, but your property advert might need to contain a little more information going forwards. In the article below, Foxtons Director of Legal & Compliance, Manjit Kataora will walk you through it. </h2>


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  <h5><big>Key Takeaways</big></h5>
  <p class="takeaways-subtitle">Click a number to jump to that topic in the article.</p>
  
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    <li class="takeaway-item">
      <a href="#section1" class="jump-link"><span class="takeaway-item-number">1</span></a>
      <span class="takeaway-item-highlight">New law, similar rules.</span>
      <span class="takeaway-item-content"> The Consumer Protection regulations are changing in April, but the basic requirements for a property listing remain largely the same.</span>
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    <li class="takeaway-item">
      <a href="#section2" class="jump-link"><span class="takeaway-item-number">2</span></a>
      <span class="takeaway-item-highlight">Complete transparency matters.</span>
      <span class="takeaway-item-content"> Listings must include all material information that could affect a buyer's decision, with even innocent omissions potentially breaching regulations.</span>
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    <li class="takeaway-item">
      <a href="#section3" class="jump-link"><span class="takeaway-item-number">3</span></a>
      <span class="takeaway-item-highlight">Legal details now upfront.</span>
      <span class="takeaway-item-content"> Information traditionally handled during conveyancing (like restrictive covenants) must now be included in the initial listing.</span>
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    <li class="takeaway-item">
      <a href="#section4" class="jump-link"><span class="takeaway-item-number">4</span></a>
      <span class="takeaway-item-highlight">Smoother transactions.</span>
      <span class="takeaway-item-content"> These changes are designed to make buying and selling more transparent, though solicitors will still conduct their own due diligence.</span>
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    <li class="takeaway-item">
      <a href="#section5" class="jump-link"><span class="takeaway-item-number">5</span></a>
      <span class="takeaway-item-highlight">We handle the complexity.</span>
      <span class="takeaway-item-content">Our agency will manage the technical legal requirements on your behalf, ensuring your listing complies.</span>
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<a id="section1"></a>
<p>The law in relation to material information and misdescription is currently contained in the Consumer Protection from Unfair Trading Regulations 2008 (CPRs). However, in April this year, these are set to be revoked and replaced with Part 4 of the Digital Markets, Competition and Consumers Act 2024.

<a id="section2"></a>
<p>The CPRs have long regulated property listings and descriptions. They include omissions and misstatements that adversely affect the ‘transactional decision’ of the average consumer. A breach of the CPRs is what is known as a ‘strict liability’ offence. This is a special type of liability whereby an offence is committed regardless of whether the agent intended to commit one or not. What this means is that innocent mistakes are punishable in the same way as intentional or reckless ones.

<p>There is not a huge amount of difference between the new requirements and the existing CPRs. Fundamentally, the law will still prohibit what it terms ‘unfair commercial practices’. However, read literally at least, the new act carries a broader definition of this term in so far as this will now include omitting material information from an invitation to purchase.

<a id="section3"></a>
<p>This doesn’t seem that significant until one considers that the meaning of invitation to purchase generally means an advert selling (and describing) something. A property listing, for example, is an invitation to purchase. This new element then means that anything that contravenes the requirements of due diligence or leaves out material information from the advert could be upheld as an unfair commercial practice. Put simply, things still have to be described very accurately and fully.

<p>In November 2023, National Trading Standards published updated guidance on material information requirements for sales and lettings. The requirements contain in-depth and technical information about elements of a property that, in fact, few owners or leaseholders could necessarily be expected to know. For example, details about restrictive covenants or easements over the property. 

<p>Traditionally, these have been matters of title that are explored and clarified during the conveyancing stage of a property transaction by the purchaser’s solicitor. They are not matters that can readily be understood by the average lay vendor. This makes them difficult to accurately describe and insert into a property advertisement by agents who are not legally qualified, which creates a greater risk of misdescription.

<p>At the heart of all this is the theory that providing more detailed information within the property listing will make the process of buying and selling an easier and more transparent process for both sides. In one sense that is true: information a buyer can see early on is clearly a good idea.

<p>On the flip side, however, is that the information is legalistic (therefore difficult to understand) and descriptive. A buyer’s solicitor is unlikely to advise their client to rely on such information (generated as is by the vendor) and will instead likely commission their own searches on which they can more comfortably advise their client as to whether to proceed or not with the transaction.

<p>The proptech market has been quick to move into this area. Several companies now exist who can – impressively – collect this information for agents and load it into listings. Even so, not all the information can be collected because some things are known only to a vendor (or landlord).

<a id="section4"></a>
<p>And if the purpose of the whole process is to speed things up, can it really be said this will be achieved if naturally circumspect purchasers, owed no duty of care by the vendors or their agents, are best advised to run their usual searches (at cost) anyway?

<p>At best, there’s likely to be a duplication of information. Buyers will likely still engage their own solicitors to advise them about the property and be naturally reticent to rely on information provided by a vendor or the vendor’s agent.

<p>The guidance is just that: guidance. And the new law arguably doesn’t change that much when you consider that the CPRs apply to property listings. So the changes may mean relatively little right now, but it remains to be seen how they will be interpreted by the courts, who are the ultimate arbiters in cases of dispute.

<a id="section5"></a>
<hr>
<h3>Your listing, sorted.</h3>
<p>When it comes time to set up a new property advert, our experienced Lettings team will ensure you've got everything correct and compliant from the start. Get started with a rental valuation. Or, if you want help with an existing tenancy, look into Foxtons Property Management.
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<a href="https://www.foxtons.co.uk/valuations" class="cta-button cta-button-primary">Book a rental valuation</a>

<a href="https://www.foxtons.co.uk/landlord/property-management" class="cta-button cta-button-secondary">Explore Property Management</a>

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   <p><p><b>Source:</b>  This piece was authored by Foxtons Director – Legal & Compliance, Manjit Kataora, who has been working with Foxtons on the intricacies of legislation affecting London landlords for more than 16 years. If you have a question on letting your property in London, <a href='mailto:experts@foxtons.co.uk?subject=Property%20Listing%20Descriptions%20Article' target='_blank'>ask a Foxtons expert</a></div>


Property market updates

march-2025-rental-market

<h2 class='intro_basic'>It's a whole new rental landscape, demanding a fresh approach as tenant behaviours and lettings regulations change. Our latest <a href='https://www.foxtons.co.uk/reports/lettings-report/lettings-market-report-february-2025' target='_blank'>Lettings Market Report</a>, analysing February's figures and looking forwards to the spring season, may help you maintain your competitive edge in London's increasingly complex lettings market.</h2>

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   <p style="margin-left: 25px; margin-right: 25px;"><i>"The Renters' Rights Bill will introduce the Decent Homes Standard to private rentals. We’re waiting on details, but it will likely mirror social housing requirements for ‘reasonably modern facilities’ and ‘thermal comfort.’ Combined with the new landlord ombudsman, this will impact the time you spend on property management...”</i>

<p style="text-align: right">Fran Giltinan<br><small><b>Managing Director - Property Management & Customer Experience</small></b></p>

<center><p style="background-color: #cce3e0;"><a href='https://www.foxtons.co.uk/reports/lettings-report/lettings-market-report-february-2025' target='_blank'>Read the full quote in the <b>Lettings Market Report - February 2025</b></a></big></center>
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<h3>&#x1f4c8; Key numbers from the report</h3>
<p style="margin-left: 25px">• Applicant demand has remained within 3% of February 2024 levels.
<p style="margin-left: 25px">• Market activity remains strong, with new listings just 2% below last year’s high levels.
<p style="margin-left: 25px">• The average rent now stands at £557 per week, slightly higher than in 2024.

<h3>&#x1f3ac; Watch: Insight on the current London market</h3>
<p>Our Managing Director of Lettings, Gareth Atkins, breaks down what's happening in London's rental market right now and what properties are winning with today's choosier tenants:
<center><div style="padding:100.78% 0 0 0;position:relative;"><iframe src="https://player.vimeo.com/video/1064696459?h=6a319f5309&amp;badge=0&amp;autopause=0&amp;player_id=0&amp;app_id=58479" frameborder="0" allow="autoplay; fullscreen; picture-in-picture; clipboard-write" style="position:absolute;top:0;left:0;width:100%;height:100%;" title="Lettings Market Report - Expert Market Insight - March 2025"></iframe></div><script src=https://player.vimeo.com/api/player.js></script></center>

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<a href="https://www.foxtons.co.uk/valuations" class="cta-button cta-button-primary"> Get a rental valuation
</a>
<a href="https://www.foxtons.co.uk/landlord/property-management" class="cta-button cta-button-secondary">Explore Foxtons Property Management</a>

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<center><p style="background-color: #cce3e0;"><a href='https://www.foxtons.co.uk/reports/lettings-report/lettings-market-report-february-2025' target='_blank'>Read our latest <b>Lettings Market Report - February 2025</b></a></big></center>
</div> 

<br><br>
<h5>More articles for London landlords:</h5> 

<p style="margin-left: 25px">• <a href='https://www.foxtons.co.uk/discover/2024/03/how-to-grow-your-portfolio-so-it-flourishes-in-the-lettings-rush' target='_blank'>How to grow your portfolio so it flourishes in the lettings rush</a>
<p style="margin-left: 25px">• <a href='https://www.foxtons.co.uk/discover/2025/02/sanction-changes-coming-to-the-lettings-market-in-may' target='_blank'>Sanction changes coming to the Lettings Market in May</a>

<p style="margin-left: 25px">• <a href='https://www.foxtons.co.uk/discover/2025/01/new-year-new-hires-the-best-time-for-landlords-to-embrace-corporate-housing' target='_blank'>Top tips for letting your property to corporate tenants</a>

<p style="margin-left: 25px">• <a href='https://www.foxtons.co.uk/discover/2024/05/landlord-responsibilities-what-repairs-are-landlords-responsible-for' target='_blank'>What repairs are landlords responsible for</a>



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<button class="accordion">Video Transcript</button>
<div class="panel">
  <p>GA: "Whilst demand and supply closely resemble last year’s figures, as we predicted, today's landscape stands worlds apart from 2023's frenzied market. Gone are the days when tenants made snap decisions to beat out the competition. The 2025 tenant is discerning, exploring multiple options and neighbourhoods before committing. Especially when the Renters' Rights legislation comes into effect, well-priced, high-quality properties will win the day. Savvy landlords are already adapting their strategies – refreshing properties, reviewing pricing models and calling in experienced agents to stay competitive in this evolved marketplace."
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 <small>  <p><p><b>Source:</b> 
<p style="margin-left: 25px">•	<b>Market data</b>: Foxtons Business Analytics produces our monthly Lettings Market Report, leveraging cutting-edge technology and our exclusive database, one of the largest for London's property market, to provide unparalleled insights for our landlords each month.
<p style="margin-left: 25px">•	<b>Expert insight</b>: To provide you with the most value, this article features our leading lettings experts. Our team's hands-on experience comes from many years in the industry with London's leading lettings agency, so you can rely on our practical, market-tested insight. 
<p>This blend of data-driven analysis and expert commentary offers a comprehensive view of the market, helping landlords navigate any market conditions with confidence. For any questions on the report or insight, <a href='mailto:experts@foxtons.co.uk?subject=March%20Lettings%20Market%20Report%20Article' target='_blank'>ask a Foxtons expert</a>.</small>
 </div>

types-of-property-surveys

<h2 class='intro_basic'>You've got questions about property surveys, and you need straight answers. We've gathered the most common questions our buyers ask and worked with the experts at Arnold & Baldwin chartered surveyors to get you clear, helpful answers. Let's dive in.</h2>

<h3>Do I actually need a survey? </h3>
<p>Let's clear something up straight away - you aren’t legally required to have a survey when buying a property in England. It's entirely your choice. If you are mortgaging the property, the bank will have done their own valuation, which sometimes includes a property visit – but this is not at all the same thing as a survey. 
<p>If you plan to book a survey so you can proceed in buying your home with confidence, just let us know early on. This helps keep things moving smoothly once you've had your offer accepted.



<figure>
<a href='https://www.foxtons.co.uk' target='_blank'><img src='https://page-assets.foxtons.co.uk/news-images/2025/02/home-survey/720.jpg' alt='House survey'></a>
<figcaption>Photo by Foxtons Specialist Video & Photography team</figcaption>
</figure>

<h3>House survey vs mortgage survey: What's the difference?</h3>
<p>These terms both come up in a property purchase, so it can be a bit confusing. Here's the simple version:
<p style="margin-left: 25px">• <b>House survey</b>: This is the survey you arrange, <b>for your benefit.</b> The surveyor will inspect the property and tell you what shape it's in before you buy it. Like an MOT on a car, they will provide you with advice on future maintenance and help you understand how to make changes. 
<p style="margin-left: 25px">•	<b>Mortgage survey</b>: This is not a survey. It is a valuation <b>for the benefit of the bank or building society</b> (whoever is lending on your mortgage) to assess what the property is worth and whether they want to lend on it. The lender will arrange an in-person visit if needed. 


<figure>
<a href='https://www.foxtons.co.uk' target='_blank'><img src='https://page-assets.foxtons.co.uk/news-images/2025/02/chartered-surveyors/720.jpg' alt='Chartered surveyors'></a>
<figcaption>Photo by <a href='https://www.freepik.com/author/bestyy38105321' target='_blank'>Bestyy</a> | Freepik </figcaption>
</figure>

<h3>What are the different types of surveys?</h3>

<blockquote class='pullquote_right'>
<p><small>See Arnold & Baldwin’s handy flowchart: <a href='https://www.foxtons.co.uk/i/arnold-and-baldwin/rics_survey.pdf' target='_blank'>Which building survey is right for me?</a></p></small>
</blockquote>

<p><a href='https://www.arnoldandbaldwin.co.uk/' target='_blank'>Arnold & Baldwin</a>, the chartered surveyors we frequently recommend, can tell you that. ‘What type of survey do I need when buying a house?’ is a question they hear all the time. In the chart below, they’ll explain what the different surveys are, which you should be using and how much a survey costs in 2025. 


<div class='clearfix'></div>

<div style="overflow-x: auto;">
    <table style="width: 100%; border-collapse: collapse; margin: 20px 0;">
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          <th style="padding: 12px; border: 1px solid #ddd; text-align: left;">Survey type</th>
<th style="padding: 12px; border: 1px solid #ddd; text-align: left;">Also called</th>
          <th style="padding: 12px; border: 1px solid #ddd; text-align: left;">Best for</th>
          <th style="padding: 12px; border: 1px solid #ddd; text-align: left;">What you get</th>
          <th style="padding: 12px; border: 1px solid #ddd; text-align: right;">Cost guide</th>
          <th style="padding: 12px; border: 1px solid #ddd; text-align: right;">Timeframe</th>
        </tr>
      </thead>
      <tbody>
      
        <tr>
          <td style="padding: 12px; border: 1px solid #ddd;">RICS Condition Report</td>
<td style="padding: 12px; border: 1px solid #ddd;">RICS Home Survey Level 1</td>
          <td style="padding: 12px; border: 1px solid #ddd;">New-ish homes in good nick</td>
          <td style="padding: 12px; border: 1px solid #ddd;">Any visible defects and urgent issues.
<br>A summary for your legal advisors raising any issues noted on site, as your lawyer likely won't visit the property.
</td>
          <td style="padding: 12px; border: 1px solid #ddd; text-align: right;">£300-£900</td>
          <td style="padding: 12px; border: 1px solid #ddd; text-align: right;">~1 week, 1-2 hours at the property</td>
        </tr>
        <tr style="background-color: #e6f1ef;">
    <td style="padding: 12px; border: 1px solid #ddd;">RICS Homebuyer Report</td>      
    <td style="padding: 12px; border: 1px solid #ddd;">RICS Home Survey Level 2 – RPSA Home Condition Survey</td>

          <td style="padding: 12px; border: 1px solid #ddd;">Most regular homes</td>
          <td style="padding: 12px; border: 1px solid #ddd;">A detailed inspection covering all aspects, including a helpful list of works required to submit to tradespeople and a summary for your legal advisors.</td>
          <td style="padding: 12px; border: 1px solid #ddd; text-align: right;">£400-£1,000</td>
          <td style="padding: 12px; border: 1px solid #ddd; text-align: right;">~1 week, 3-5 hours at the property</td>
        </tr>
        <tr>
<td style="padding: 12px; border: 1px solid #ddd;">RICS Building Survey</td>          
<td style="padding: 12px; border: 1px solid #ddd;">RICS Home Survey Level 3  - RPSA Building Survey - Full Structural Survey</td>
          <td style="padding: 12px; border: 1px solid #ddd;">Older or unique property designs, poor conditions</td>
          <td style="padding: 12px; border: 1px solid #ddd;">The full works - every nook and cranny inspected to record the construction and any defects.</td>
          <td style="padding: 12px; border: 1px solid #ddd; text-align: right;">£600-£1,500</td>
          <td style="padding: 12px; border: 1px solid #ddd; text-align: right;">~2 weeks, 6-8 hours at the property</td>
        </tr>
        <tr style="background-color: #e6f1ef;">
          <td style="padding: 12px; border: 1px solid #ddd;">Specialist Survey</td>
 <td style="padding: 12px; border: 1px solid #ddd;"></td>
          <td style="padding: 12px; border: 1px solid #ddd;">Specific concerns (damp, timber, roofing etc.)</td>
          <td style="padding: 12px; border: 1px solid #ddd;">Typically happens if a survey reveals a need for further inspection</td>
          <td style="padding: 12px; border: 1px solid #ddd; text-align: right;">£150-£1,000 
(varies depending on survey requirements)
</td>
          <td style="padding: 12px; border: 1px solid #ddd; text-align: right;">Varies</td>
        </tr>
        <tr>
          <td style="padding: 12px; border: 1px solid #ddd;">Snagging Survey</td>
          <td style="padding: 12px; border: 1px solid #ddd;"></td>
          <td style="padding: 12px; border: 1px solid #ddd;">Completed or nearly completed new-build home</td>
          <td style="padding: 12px; border: 1px solid #ddd;">Check everything's finished correctly and provide a photographic list of items for the developer to finalise</td>
          <td style="padding: 12px; border: 1px solid #ddd; text-align: right;">£300-£1,000</td>
          <td style="padding: 12px; border: 1px solid #ddd; text-align: right;">~1 week, 2-6 hours at the property</td>
        </tr>
      </tbody>
    </table>
  </div>

<h3>Most People Go For: RICS Homebuyer Report</h3>
<p>The Homebuyer Report is the most popular choice, and for good reason. It gives you a really good look at what you're buying without breaking the bank. The surveyor will look at the following, flag any urgent issues and help you tell a tradesperson what needs quoting on:  
<p style="margin-left: 25px">•	The property’s history and location
<p style="margin-left: 25px">•	Damp-proofing – this is where the moisture meter comes in
<p style="margin-left: 25px">•	Drainage – just the visual bits
<p style="margin-left: 25px">•	•	Main walls, roof, chimneys, windows, doors (everything which is visible) 
<p style="margin-left: 25px">•	Utilities inspection
<p style="margin-left: 25px">•	Fences, walls and boundaries
<p>Just so you know - they won’t pull up carpets and floorboards, or move items of furniture around. That's Level 3 territory.


<figure>
<a href='https://www.foxtons.co.uk' target='_blank'><img src='https://page-assets.foxtons.co.uk/news-images/2025/02/book-a-survey/720.jpg' alt='Book a survey'></a>
<figcaption>Photo by <a href='https://www.freepik.com/author/senivpetro' target='_blank'>Senivpetro</a> | Freepik </figcaption>
</figure>


<h3>When should I book a survey?</h3>
<p>Honestly, as soon as you can. Pop it into your offer as a condition so the seller can review your complete offer against their timeline. If your offer is accepted, get your survey booked in right away. <p>Surveys can take a few weeks to complete, depending on which type you go for and how busy your surveyor is. Remember - keeping things moving is absolutely crucial to a smooth purchase.

<h3>What if the survey finds problems?</h3>
<p>Here's the thing: almost every survey conducted by a qualified surveyor whose good at their job is going to find something. Houses are a bit like people - they all have their quirks and none of them are perfect. So, if your survey does flag up issues, don't worry. 
<p>There are usually three ways forward: 
<p style="margin-left: 25px">1. Ask the seller to fix things before you buy.
<p style="margin-left: 25px">2. Negotiate the price to cover the cost of repairs.
<p style="margin-left: 25px">3. Accept the issues to keep your timeline, and plan to sort them yourself.

<p>Whatever comes up, we'll be here to help you work through it. We've seen it all before, and we're excellent at finding solutions that work for everyone. That’s how <b>we get it done</b>. 

<h3>Let’s get started</h3>
<p>If you want to book a survey, we recommend Arnold & Baldwin. If you're ready to put in your offer, hop onto your My Foxtons account. 


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<br><hr><br>
<div style="background: #00000; 
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   <p><p><b>Source:</b> This article has been reviewed and edited by <a href='https://www.arnoldandbaldwin.co.uk/' target='_blank'>Arnold & Baldwin</a> property surveyors, who regularly provide expert insight for our buyers and vendors. Arnold & Baldwin are regulated by the Royal Institution of Chartered Surveyors (RICS), and we cannot influence their surveys. They give the honest third-party information that you can use to make decisions, avoid surprises and have confidence in your offer or asking price. </div>



Landlord Essentials

data-protection

<h2 class='intro_basic'>Do you, as a landlord, need to register with the Information Commissioner's Office to deal with your tenant's data? Well, it depends on who's actually managing the data. In the article below, Foxtons Director of Legal & Compliance, Manjit Kataora, will explain what you need to know about data protection. </h2>


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<div class="takeaways-container">
  <h5><big>Key Takeaways</big></h5>
  <p class="takeaways-subtitle">Click a number to jump to that topic in the article.</p>
  
  <ul class="takeaways-list">
    <li class="takeaway-item">
      <a href="#section1" class="jump-link"><span class="takeaway-item-number">1</span></a>
      <span class="takeaway-item-highlight">Handling personal data legally.</span>
      <span class="takeaway-item-content"> To process large amounts of personal information, agents must register with the Information Commissioner's Office (ICO).</span>
    </li>
    
    <li class="takeaway-item">
      <a href="#section2" class="jump-link"><span class="takeaway-item-number">2</span></a>
      <span class="takeaway-item-highlight">Unregistered agent? Could be a red flag.</span>
      <span class="takeaway-item-content">It's worthwhile to confirm your agent is ICO-registered and dealing with your personal information appropriately.</span>
    </li>
    
    <li class="takeaway-item">
      <a href="#section3" class="jump-link"><span class="takeaway-item-number">3</span></a>
      <span class="takeaway-item-highlight">If you use a managing agent...</span>
      <span class="takeaway-item-content"> If you simply receive rental statements from us without handling tenant data directly, you likely fall under the 'accounts and records exemption,' so might not need to register.</span>
    </li>

    
    <li class="takeaway-item">
      <a href="#section4" class="jump-link"><span class="takeaway-item-number">4</span></a>
      <span class="takeaway-item-highlight">Self-managing? You may need to register.</span>
      <span class="takeaway-item-content"> Landlords who manage properties themselves or maintain their own tenant filing systems will likely need to register as data controllers and comply with data protection regulations.</span>
    </li>

    <li class="takeaway-item">
      <a href="#section4" class="jump-link"><span class="takeaway-item-number">5</span></a>
      <span class="takeaway-item-highlight">It could be that simple.</span>
      <span class="takeaway-item-content"> Our systems are already set up for data protection compliance, saving you time, money, and potential legal complications.</span>
    </li>
  </ul>
</div>

</body>
</html>

<a id="section1"></a>

<P>Data Protection legislation is nothing new. But it came into fresh focus when, on 25 May 2018, the General Data Protection Regulation came into force. 

<P>In terms of estate and letting agency work, agents will process large amounts of personal data (broadly speaking defined as information that allows you to identify a living individual) belonging to their customers and employees. This means they must be registered as data controllers with the UK regulator the Information Commissioner’s Office (ICO) and must also comply with all that is required under data protection law. Obligations include holding information securely and accurately, and being able to comply with customer data protection requests. Anyone can check whether any organisation that holds their personal data (known as a ‘data controller’) is registered by checking the relevant register on the <a href='https://ico.org.uk/esdwebpages/search' target='_blank'>ICO’s website</a>. 

<a id="section2"></a>
<P>No estate or letting agent should process personal data without first being registered.  Those who do will be in breach of data protection legislation and this should serve as a red flag to any potential customer. After all, if an agent cannot be bothered to understand even their basic data protection obligations, there is a fair risk they are probably non-compliant elsewhere as well. 

<a id="section3"></a>
<P>As for landlords themselves, it is not necessarily the case that they will need to register as data controllers with the ICO. Those who retain a managing agent and do not handle any tenant personal data but merely receive a monthly rental statement from their agent would according to the ICO’s guidance fall under the accounts and records exemption and so need not register. 

<a id="section4"></a>
<P>But landlords who either do not have a managing agent or do have one but choose to create their own ‘structured filing system’ (as the term is known in data protection circles) containing tenant records and background information will more than likely find themselves processing personal data about their tenants and will therefore need to  register with the ICO and comply with all the various (and numerous) obligations and responsibilities that flow from such status.

<P>Even those landlords who manage to avoid processing information about their tenants, may find there comes a point at which it becomes necessary to register because they simply cannot avoid collecting details about their tenant. This might happen after the end of the landlord / tenant relationship where, if for example, the tenant vacated but in arrears, and the landlord now needs certain information from their agent in order to trace them, take proceedings against them or enforce a judgment. Where such information is collected by the landlord they would be well-advised to ensure they are registered with the ICO before processing it. This requirement could still be avoided if all the information is passed directly from the agent to the landlord’s solicitor (who will already be registered as a data controller) and does not pass through the landlord’s control but it means the landlord has to consciously avoid processing any of the information at all, which might be easier said than done. 

<P>There is then, quite an incentive to avoid being caught up in the need to register. The work required to be a competent data controller is something that few landlords are actually aware of (or would want to take on if they were) but the cost of time and money in complying means that it can and does make a managing agent – whose systems are set up for compliance in this area - look like good value, particularly when you consider the various rights tenants have other their personal data, not least subject access rights. The My Foxtons portal affords landlords visibility of tenant information using the Foxtons platform without the need to process personal data themselves.  Even so, there might come a point in the relationship where it is just not possible to avoid processing tenant personal data and to that extent, landlords are well advised to consider, as a precaution, registering with the ICO and taking steps to comply with their obligations. 

<P>More <a href='https://ico.org.uk/rst' target='_blank'>information is available from the ICO</a>. 


<hr>
<a id="section3"></a>
<h3>Your data protection, sorted.</h3>
<p>You don't have to become a registered Data Controller - our ICO-registered and experienced Lettings team will ensure all data is handled correctly and complies with data protection laws. Get started with a rental valuation. Or, if you want help with an existing tenancy, look into Foxtons Property Management.
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<a href="https://www.foxtons.co.uk/landlord/property-management" class="cta-button cta-button-secondary">Explore Property Management</a>

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   <p><p><b>Source:</b>  This piece was authored by Foxtons Director – Legal & Compliance, Manjit Kataora, who has been working with Foxtons on the intricacies of legislation affecting London landlords for more than 16 years. If you have a question on letting your property in London, <a href='mailto:experts@foxtons.co.uk?subject=Data%20Protection%20Article%20Landlord%20Essentials' target='_blank'>ask a Foxtons expert</a></div>


leasehold-london

<h2 class='intro_basic'>Big news for homebuyers - the government has just released plans to ban new leaseholds. This means future new-build flats will be sold as commonhold instead. This change could make the jump to homeownership easier for many people.</h2>



<h3>What does leasehold actually mean?</h3>
<p>Let’s start with a quick refresher on the terms: </p>


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        <strong>Freehold (usually houses)</strong>
        <p>•	You own the property AND the land forever</p>
<p>•	You handle all repairs</p>        
<p>•	No lease to worry about</p>
      </div>
<div class="term homeownership">
<div class="icon-header"><center>&#x1f3e2;</center></div><br>
        <strong>Leasehold (usually flats)</strong>
        <p>•	You own the property for a fixed time period</p>
<p>•	Someone else (the freeholder) owns the land and building</p>        
<p>•	The freeholder handles major repairs</p>
        <p>•	You pay ground rent and service charges</p>
      </div>
      <div class="term incoming">
<div class="icon-header"><center>&#x1f91d;</center></div><br>
        <strong>Commonhold (new route for new-builds)</strong>
        <p>•	You own your property outright</p>
        <p>•	You get a say in building decisions</p>
        <p>•	You share responsibility for building management</p>
        <p>•	No ground rent or lease renewal worries</p>
      </div>
    </div><br><p style="text-align: right"><small>Read the full article: <a href='https://www.foxtons.co.uk/discover/2022/09/leasehold-vs-freehold-the-differences-and-what-to-consider' target='_blank'>Leasehold, freehold and commonhold</a></small></p>
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<h3>What leasehold reform means for you</h3>
<p><b>If you're buying:</b>
<p style="margin-left: 25px">&#x2022	More property options to consider
<p style="margin-left: 25px">&#x2022 Clearer understanding of what you own
<p style="margin-left: 25px">&#x2022 Potentially lower long-term costs
<p><b>If you're selling:</b>
<p style="margin-left: 25px">&#x2022 New selling points for your leasehold property
<p style="margin-left: 25px">&#x2022 Recent reforms make your property more attractive
<p style="margin-left: 25px">&#x2022 Potential buyers will have fewer concerns

<figure>
<img src='https://page-assets.foxtons.co.uk/news-images/2025/03/barbican-leasehold/720.jpg' alt='Barbican leasehold'>
<figcaption>Photo: <a href='https://unsplash.com/photos/a-view-of-a-city-from-a-balcony-B0p2BR1z504' target='_blank'>Barbican</a> by <a href='https://unsplash.com/@krowdeed' target='_blank'>Lawrence Krowdeed</a> - <a href='https://unsplash.com/license' target='_blank'>Unsplash</a></figcaption>
</figure>


<h3>Changes brought by last year’s Leasehold Reform</h3>

<blockquote class='pullquote_right'>
<a href='https://www.foxtons.co.uk/discover/2024/06/awash-upa-round-up-leasehold-reform-and-renters-reform#leasehold-reform' target='_blank'><img src='https://page-assets.foxtons.co.uk/news-images/2024/06/apartment-buildings-london/720.jpg' alt='Leasehold reform act'></a> <p><small>Read: <a href='https://www.foxtons.co.uk/discover/2024/06/awash-upa-round-up-leasehold-reform-and-renters-reform#leasehold-reform' target='_blank'>Leasehold Reform in the Conservative Party's 'Wash Up'</a></small></p>
</blockquote>

<P>This new ban could help buyers find their perfect leasehold home in London’s incredible new-build market. But, of course, there is the matter of existing leasehold property. 
<p>Last year, right before the Conservatives left office, they pushed through a number of bills. Leasehold Reform was one of them, which made some strides in the ownership of existing leasehold properties. 
<P>The roll out has been a little trickier. The new government have said that some aspects of the bill require further consultations and secondary regulations. So, here’s what has changed and what has yet to change: 

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    <div class="card-header">No More 2-Year Wait</div>
    <div class="card-content">
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      </div>
      <div class="info-row">
        <div class="label">Status:</div>
        <div class="value"><span class="active-status">Active since 31 January 2025</span></div>
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      <div class="info-row">
        <div class="label">What it means for you:</div>
        <div class="value">New owners can extend leases (or buy freehold) immediately – no need to wait 2 years.</div>
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    <div class="card-header">Right to Manage</div>
    <div class="card-content">
      <div class="info-row">
        <div class="label">Status:</div>
        <div class="value"><span class="active-status">Active since 3 March 2025</span></div>
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        <div class="label">What it means for you:</div>
        <div class="value">More rights to manage property, and abolishes the presumption that leaseholders pay a freeholder's legal fees for RTM claims.</div>
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  <div class="reform-card">
    <div class="card-header">Clearer Service Charges</div>
    <div class="card-content">
      <div class="info-row">
        <div class="label">Status:</div>
        <div class="value"><span class="coming-status">Coming 2025/26</span></div>
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      <div class="info-row">
        <div class="label">What it means:</div>
        <div class="value">Easier to understand what you're paying for in terms of communal areas.</div>
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    </div>
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  <div class="reform-card">
    <div class="card-header">990-Year Leases</div>
    <div class="card-content">
      <div class="info-row">
        <div class="label">Status:</div>
        <div class="value"><span class="coming-status">Coming 2025/26</span></div>
      </div>
      <div class="info-row">
        <div class="label">What it means:</div>
        <div class="value">Leases could be extended for 990 years (instead of 90 years for flats and 50 years for houses)</div>
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  <div class="reform-card">
    <div class="card-header">Marriage Value Ban</div>
    <div class="card-content">
      <div class="info-row">
        <div class="label">Status:</div>
        <div class="value"><span class="coming-status">Coming 2025/26</span></div>
      </div>
      <div class="info-row">
        <div class="label">What it means:</div>
        <div class="value">When a short lease gets extended, the property value goes up. This 'marriage value' is currently split between the leaseholder and freeholder. New regulations means this would go fully to the leaseholder.</div>
      </div>
    </div>
  </div>
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<h3>Still to come</h3>
<p>The biggest issue still to be ironed out is ground rents for <b>existing</b> properties. So far: 
<p style="margin-left: 25px">&#x2022	The <b>Leasehold Reform Act 2022</b> banned ground rents for most new residential property, but that does not apply to leases granted before 30 June 2022. 
<p style="margin-left: 25px">&#x2022 To pass the <b>2024 Leasehold Reform Act</b> quickly, the proposed cap on ground rent for existing property was scrapped. 
<p style="margin-left: 25px">&#x2022 This new <b>2025 Leasehold Ban</b> also wouldn’t address ground rent in existing leases, so there is still room for improvement. 
This is a complex bit of legislation to get through, but it would make a property into a more attractive listing, helping a lot of London’s homeowners move more quickly. 


<figure>
<img src='https://page-assets.foxtons.co.uk/news-images/2025/03/leasehold-london/720.jpg' alt='Leasehold in London'>
<figcaption>Photo by Foxtons Specialist Video & Photography Team</figcaption>
</figure>



<h3>Buying and selling leasehold <b>now</b>? We get it done</h3>
<p>You don't have to wait on legislation to achieve your goals – the opportunities are already out there. Whether you're buying or selling a leasehold property, our experts can guide you through the process.
<br>

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<a href="https://www.foxtons.co.uk/valuations" class="cta-button cta-button-primary">Book a valuation</a>

<a href="tel:020 7893 6300" class="cta-button cta-button-secondary">
  
  &#x1f4f1; Call 020 7893 6300</a>

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<br>

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box-shadow: 0 4px 8px 0 rgba(0, 0, 0, 0.2), 0 6px 20px 0 rgba(0, 0, 0, 0.19);"> <h3><center><b>If you're buying:</b></center></h3>
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<br><hr><br>
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   <p><p><b>Source:</b> This article about the <a href='https://www.gov.uk/government/news/beginning-of-the-end-for-the-feudal-leasehold-system' target='_blank'>Commonhold white paper</a> was reviewed and edited by Foxtons Sales department, ensuring you have the best information on on changes to leasehold legislation when you need it. If you have any questions on this article, <a href='mailto:experts@foxtons.co.uk?subject=Article%20on%20the%20Leasehold%20Ban' target='_blank'>ask a Foxtons expert</a>.</div>

Home inspiration

home-renovations

<h2 class='intro_basic'>We're in the season for home renovations, so it's a great time to hear from a company who sees a lot of clients in the midst of them. Marcin Markiewicz, who runs <a href='https://removalsandstoragex.com/' target='_blank'>Removals & Storage Experts</a> in London, shared 8 ways to prepare for your next big project.</h2>

<hr>
<p>By: Marcin Markiewicz


<blockquote class='pullquote_right'>
<a href='https://www.foxtons.co.uk/valuations' target='_blank'><img src='https://page-assets.foxtons.co.uk/news-images/2025/02/front-door/480.jpg' alt=''></a><p><small>Renovating to sell? <a href='https://www.foxtons.co.uk/valuations' target='_blank'>Book a valuation</a> first to avoid unnecessary work.</small></p>
</blockquote>


<p>Preparing for a home renovation is an exciting yet complex process. Proper planning can make the difference between a smooth, well-executed project and a stressful experience filled with unexpected issues. 
<p>This guide provides essential steps to help homeowners navigate the planning phase efficiently and avoid common renovation pitfalls.


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<div id='news_list_holder'><div class='news_list'>

<div class="news_list_item">
<a href="#" target="_blank"><img src="https://page-assets.foxtons.co.uk/news-images/2025/02/kitchen-renovations/720.jpg" class="rsImg" data-rsTmb="" data-rsw="707" data-rsh="397" alt="" /></a>
<div>
<P><small><small>Photo by Foxtons Specialist Video & Photography Team</small></small></p>
<h3>1. Define your renovation goals</h3>
<p>Before starting your home renovation, establish clear objectives. Are you looking to enhance functionality, <a href='https://www.foxtons.co.uk/discover/2024/01/howto-guide-home-improvements-that-add-value' target='_blank'>increase property value</a>, or update your home’s aesthetics? Consider whether you need minor upgrades or a full house renovation involving structural changes, such as:
<p style="margin-left: 25px">&#x2022; Kitchen renovation to improve layout and efficiency.
<p style="margin-left: 25px">&#x2022; Bathroom updates for better use of space.
<p style="margin-left: 25px">&#x2022; Loft conversion to add an extra room.
<p style="margin-left: 25px">&#x2022; Basement conversions for additional living or storage space.
<p style="margin-left: 25px">&#x2022; House extension to accommodate a growing family.
<p>Consulting an architectural design expert can help refine your vision and ensure your renovation meets legal and structural requirements.
</p>
</div>
</div>

<div class="news_list_item">
<div>
<h3>2. Set a realistic budget and timeline
</h3>
<p>Renovation costs vary widely, and having a renovation project budget in place is crucial. Consider the following:
<p style="margin-left: 25px">&#x2022; Basic renovation costs: Small projects (e.g., cosmetic updates) may cost between £5,000 and £20,000 (Source: Checkatrade), while a full house renovation can range from £50,000 to over £100,000 (Source: Homebuilding & Renovating).
<p style="margin-left: 25px">&#x2022; Contingency funds: Set aside at least 10–20% of your budget for unexpected expenses.
<p style="margin-left: 25px">&#x2022; Timeline planning: Understand the time commitment required for different house renovation projects. A kitchen renovation might take a few weeks, whereas a house extension could last several months.
<p>Consulting project managers ensures that your timeline remains realistic and delays are minimised.
</p></div>
</div>

<div class="news_list_item">
<a href="#" target="_blank"><img src="https://page-assets.foxtons.co.uk/news-images/2025/02/removals-for-renovations/720.jpg" class="rsImg" data-rsTmb="" data-rsw="707" data-rsh="397" alt="" /></a>
<div>
<h3>3. Managing your belongings: removals and storage solutions</h3>
<p>Renovations often involve significant disruption to your living space. Planning what to do with your furniture and personal items is essential:
<p style="margin-left: 25px">&#x2022; Short-term solutions: Move items to another room if only a small area is affected.
<p style="margin-left: 25px">&#x2022; Long-term storage: For extensive renovations, consider removals & storage solutions to protect valuables from dust, damage, and theft.
<p style="margin-left: 25px">&#x2022; Secure off-site storage: Using professional renovation services that include storage options can ensure peace of mind while work is underway.
</p></div>
</div>

<div class="news_list_item">
<a href="#" target="_blank"><img src="https://page-assets.foxtons.co.uk/news-images/2025/02/construction-engineer/720.jpg" class="rsImg" data-rsTmb="" data-rsw="707" data-rsh="397" alt="" /></a>
<div>
<h3>4. Hiring the right professionals</h3>
<p>Choosing the right experts for your property renovation is key to achieving high-quality results. When selecting renovation work professionals, consider:</p>
<p style="margin-left: 25px">&#x2022; Architects and designers: Help with planning and compliance.
<p style="margin-left: 25px">&#x2022; Contractors: Ensure they have experience with house renovation projects and are licensed.
<p style="margin-left: 25px">&#x2022; Project managers: Oversee the renovation from start to finish, handling logistics and schedules.
<p style="margin-left: 25px">&#x2022; Renovation services providers: Ensure they work to the highest standards and comply with UK building regulations.
<p>Always request multiple quotes and check references before hiring a contractor.
</p></div>
</div>

<div class="news_list_item">
<div>
<h3>5. Organising the renovation process</h3>
<p>Renovating in the correct order prevents unnecessary delays and rework. Follow these key steps:
<p style="margin-left: 25px">1. Structural work: Walls, foundation repairs, house extensions.
<p style="margin-left: 25px">2. Utilities: Plumbing, electrical systems, and heating.
<p style="margin-left: 25px">3. Insulation and walls: Plastering and painting.
<p style="margin-left: 25px">4. Floors and fixtures: Flooring installation and final touches.
<p>For a kitchen renovation, ensure cabinetry and appliances are installed in the right sequence to avoid delays. Similarly, loft conversions and basement conversions should be fully waterproofed before proceeding with interior design.
</p></div>
</div>

<div class="news_list_item">
<a href="#" target="_blank"><img src="https://page-assets.foxtons.co.uk/news-images/2025/02/contractors-in-london-renovations/720.jpg" class="rsImg" data-rsTmb="" data-rsw="707" data-rsh="397" alt="" /></a>
<div>
<h3>6. Living through a renovation: minimising disruptions</h3>
<p>If you plan to stay in your home during renovations, prepare for noise, dust, and inconvenience. Key considerations include:
<p style="margin-left: 25px">&#x2022; Creating a temporary living space: Set up a functional area in an unaffected part of the home.
<p style="margin-left: 25px">&#x2022; Relocating if necessary: If work impacts multiple rooms, staying elsewhere might be more convenient.
<p style="margin-left: 25px">&#x2022; Using removals and storage experts: They can store and transport your items safely while work is in progress.
</p></div>
</div>

<div class="news_list_item">
<div>
<h3>7. Decision-making & avoiding delays</h3>
<p>Renovations require quick and informed decisions. As Clara Annesley, Construction Content Specialist at <a href='https://www.proficiencyltd.co.uk/' target='_blank'>Proficiency Ltd.</a> advises:
<p style="margin-left: 40px; margin-right: 40px;"><i>“Be prepared to make quick decisions. During a house renovation, your builder might call you and say, ‘Tomorrow, we’re painting the kid's bedroom. What colour do you want the room to be?’ If you need time to decide, think over it. The entire project gets delayed. And if you're renting another place to live while your home is being renovated, every delay means paying extra for your temporary home.”</i>

<p>Plan ahead by selecting materials, finishes, and fixtures early to avoid unnecessary hold-ups.
</p></div>
</div>

<div class="news_list_item">
<a href="#" target="_blank"><img src="https://page-assets.foxtons.co.uk/news-images/2025/02/interior-design-renovation/720.jpg" class="rsImg" data-rsTmb="" data-rsw="707" data-rsh="397" alt="" /></a>
<div>
<h3>8. Final stages & finishing touches</h3>
<p>As your house renovation project nears completion, focus on:
<p style="margin-left: 25px">&#x2022; Quality assurance: Walk through with your project managers to check for unfinished work.
<p style="margin-left: 25px">&#x2022; Interior design and décor: Select furniture, lighting, and accessories that enhance your newly renovated space.
<p style="margin-left: 25px">&#x2022; Final cleaning and move-in: Ensure all dust and debris are cleared before returning stored items.
</p></div>
</div>

</div></div>

<hr>


<h3>Start your renovation project with a home property valuation today</h3>
<p>A well-planned home renovation can transform your living space and add value to your property. By setting clear goals, hiring the right professionals, and efficiently managing removals and storage, you can ensure a smoother experience. 

<p>However, if you are renovating to sell, it's better to <a href='https://www.foxtons.co.uk/valuations' target='_blank'>book a Foxtons valuation</a> first. We'll help you assess how renovations might impact your home's resale potential and in getting the right timeline for your sale: 

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   <p><p><b>Source:</b> This article was guest written by <a href='https://uk.linkedin.com/in/marcin-removalsandstoragex' target='_blank'>Marcin Markiewicz</a>, who runs the removals and storage company <a href='https://removalsandstoragex.com/' target='_blank'>Removals & Storage Experts</a>, based in London. He is passionate about helping people make a new house a home and to do away with the stress of moving.</div>


sanctions-lettings

<h2 class='intro_basic'>There's a new rule coming into effect that will strengthen how business dealings work in the lettings market. If you've chosen a well-prepared agency like Foxtons, these changes will actually give you greater peace of mind about the tenancies in your rental properties. Foxtons Director of Legal & Compliance, Manjit Kataora, explains the key points you should understand.</h2>



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<h5>Key takeaways:</h5>
<p><small>Click to jump to a topic.</small>
<p style="margin-left: 25px"><b>1. <a href="#new-rules">New rules are coming May 2025.</a></b> Letting agents must report suspected sanctioned individuals.
<p style="margin-left: 25px"><b>2. <a href="#timing">Agents will screen for "bad actors."</a></b> Agents will check suspected landlords and tenants against government lists at key transaction points, keeping your property dealings in good standing. 
<p style="margin-left: 25px"><b>3. <a href="#screening-systems">Choose a well-prepared agency</a>.</b> Working with agents who have proper screening systems in place ensures you won't inadvertently do business with sanctioned individuals.
</div> 


<p>The sanctions regime came into sharper focus following Russia’s invasion of Ukraine in 2022 but in fact had been around and had applied to estate agents for quite a long time before then.

<p>Part of the UK’s contribution to international efforts to tackle money laundering and international crime, sanctions are measures intended to freeze the assets of individuals, companies and other organisations (‘designated persons’) and restrict their access to investments and financial services.   Designated persons are listed on a government list (called a consolidated list), which is overseen by a division of the Treasury called the Office of International Sanctions (‘OFSI’).  

<a id="new-rules"></a>

<p>From 14 May 2025, letting agents will for the first time become subject to sanctions reporting obligations. These reporting obligations have applied to estate agents and other ‘relevant firms’ for some time and are triggered where the (estate) agent reasonably suspects that someone they are acting for in terms of either a sale or purchase is a match with someone (or an organisation) listed on the consolidated list.   

<p>The changes in May align letting agents to estate agents. The obligation to file reports will apply where the letting agent ‘reasonably suspects’ either a landlord or tenancy applicant of being a ‘designated person’. 

<a id="timing"></a>

<p>As to the timing of the reporting obligation, this is triggered only when either the landlord or tenancy applicant has entered into what is (in anti-money laundering guidance terms) known as a ‘business relationship’ with the agent. That is, for landlords, from the point the landlord ‘instructs’ the letting agent and the letting agent does work in response to those instructions.  Here, the term instructions means formal instructions, and letting agency work means things done in response to those instructions but does not include publishing advertisements, providing a means by which prospective landlords and tenants can make direct contact or communicate with each other. (Thus excludes the newsagent whose shop window might carry adverts for rooms to let, etc.).  

<p>For tenancy applicants, the reporting obligation applies from the point a prospective tenant’s offer is accepted by the landlord. 

<p>What this means is that letting agents could have designated persons on their database for quite some time before a reporting obligation is triggered. This makes sense because the number of individuals who actually transact is (particularly for large agents) far less than the number of contacts on an agent’s database, and so the thresholds prevent the system from being clogged up by what would otherwise be reports where there is no firm economic activity to speak of. Since the whole purpose of the sanctions is to prevent sanctioned persons or entities from engaging (and profiting from) economic activity, these thresholds make sense. 

<a id="screening-systems"></a>
<p>Large agents have resources to scan their databases and ensure they meet these requirements. This means that landlords can be assured that they will not unwittingly assist undesirable persons or entities from carrying out business activity in breach of sanctions legislation and quite possibly also anti-money laundering legislation as well.

<p>The sanctions regime applies alongside existing anti-money laundering legislation, which continues to remain unaffected by the changes in May. Whereas anti-money laundering legislation applies to lettings transactions over the €10,000 (sterling equivalent) monthly rent threshold, sanctions obligations carry no minimum threshold. All letting agents, therefore, will need to screen all their landlords and applicants in order to comply with the new rules, and serious penalties lie in wait for those who fail to comply. 

<hr>
<h3>Find qualified tenants with Foxtons</h3>
<p>We have a huge database of registered, active renters. Foxtons Lettings team can quickly find the qualified tenants best suited for your rental property. Get started with a valuation:
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<a href="https://www.foxtons.co.uk/valuations" class="cta-button cta-button-primary">Book a rental valuation</a>

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   <p><p><b>Source:</b> This piece was authored by Foxtons Director – Legal & Compliance, Manjit Kataora, who has been working with Foxtons on the intricacies of legislation affecting London landlords for more than 16 years. If you have a question on letting your property in London, <a href='mailto:experts@foxtons.co.uk?subject=Sanctions%20Article%20Landlord%20Essentials' target='_blank'>ask a Foxtons expert</a>.


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Lifestyle

bright-winter-interiors

<h2 class='intro_basic'>Louisa Boulton-Lea from Kelling Staging is back to share her top tips on bringing warmth into our homes during these cold late winter months.</h2>


<blockquote class='pullquote_right'>
<a href='https://www.foxtons.co.uk/discover/2025/01/ask-the-expert-how-interior-design-can-elevate-your-propertys-appeal' target='_blank'><img src='https://page-assets.foxtons.co.uk/news-images/2025/01/memorable-interiors/720.jpg' alt=''></a><p><small>Read our other article with Louisa: <a href='https://www.foxtons.co.uk/discover/2025/01/ask-the-expert-how-interior-design-can-elevate-your-propertys-appeal' target='_blank'>How interior design can elevate your property's appeal</small></a>
</blockquote>

<p>February in London has a distinctive character – a persistent, uniform grey. It's in the sky and mirrored in our energy levels. The impact becomes obvious when we finally catch a glimpse of sunshine. Those first hints of colour peeking behind the clouds and the extra hour of faint light at day's end have made such a difference to our collective mood. A noticeable shift in spirits across the city.

<P>While we can't control the weather (if only!), we can transform our home environments. By bringing light into your daily surroundings, you can create a sanctuary from the gloom – and if you're selling or letting your home this late winter, you'll stand out as the bright spot in buyers' viewing schedules. Here's how.


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<img src='https://page-assets.foxtons.co.uk/news-images/2025/02/colourful-interiors/720.jpg' alt='Colourful interiors'>
<figcaption>Photo by Foxtons Specialist Video & Photography team</figcaption>
</figure>


<h3>Not another grey day</h3>
<p>"Use splashes of colour to bring energy and personality to a room," advises Louisa. "Don't be afraid to mix colours, patterns, and textures to create that bold and lively look. Take your starting point inspiration from a characterful piece of artwork, a vibrant cushion, rug or lampshade to pull all the colours together."
<p>Colour psychology tells us that our surroundings significantly impact our mood. During these grey late winter days, incorporating warm tones can create an instant uplift. You don't need to redecorate entirely – strategic additions like bright throw pillows, a statement vase, or a vibrant art print can transform a space.
<p>Houseplants are another excellent way to introduce colour and life. Even in February, resilient varieties like snake plants, pothos and ZZ plants thrive with minimal attention. Group them together in a lush corner that reminds you spring is on its way. For an instant refresh ahead of property viewings, try a vase of seasonal flowers – like daffodils or tulips.


<figure>
<img src='https://page-assets.foxtons.co.uk/news-images/2025/02/pastel-interiors/720.jpg' alt='Pastel interiors'>
<figcaption>Photo by Foxtons Specialist Video & Photography team</figcaption>
</figure>

<h3>Make your own sunshine</h3>
<p>There’s a hotly contested topic across social media lately; the great 'big light vs. soft light' debate. You've got 'big light' people, who hit that overhead switch the second they walk in, flooding the room with brightness. Then, there are the 'soft lighters', crafting cosy vibes with lamps and dimmers, making everything look like a perfectly filtered Instagram post. 

<p>While ceiling lights certainly help visibility on particularly gloomy days, there's no denying that soft lighting is an infinitely more flattering way to showcase all that work you’ve done on your interiors. The late winter gloom gives soft lighting enthusiasts yet another compelling argument: 

<p>“Lighting can often be forgotten when considering the lay of the room, but it’s such a key element to create that warm and inviting glow. Avoid the stark and often unflattering head lights in optic white, and instead opt for lamps with interest, and eye level wall lights which draw the eye in and create that all-important ambience.”


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<img src='https://page-assets.foxtons.co.uk/news-images/2025/02/mirrors-interior-design/720.jpg' alt='Mirrors in interior design'></a>
<figcaption>Photo by Foxtons Specialist Video & Photography team</figcaption>
</figure>

<h3>Every last ray of natural light</h3>
<p>The ultimate remedy for gloom, of course, is natural light. It's why those later sunsets and rare sunny February days feel so deliciously rewarding – a small but meaningful treat for cloud-weary Londoners. <p>Louisa suggests maximizing whatever natural light makes its way into your home with strategic placement of reflections: "Use mirrors as a powerful tool to create the illusion of openness and depth in a room, allowing light to bounce off the walls – perfect on dreary days!"

<h3>Ready to Transform Your Space?</h3>
<p>Don't let the late winter blues dictate your home's atmosphere. Whether you're preparing to sell or brightening up the apartment you rent, these simple changes can make a world of difference. 
<p>For personalised advice on staging luxury property to maximize light and appeal, contact <a href='https://www.kellingstaging.com/' target='_blank'>Kelling Staging</a> for a consultation. 
<p>And if you're looking to buy, sell, or rent a property in London, our team is here to help you find the perfect bright spot to call home. 

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Tell us what you're looking for
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   <p><p><b>Source:</b>  Louisa Boulton-Lea is Head of <a href='https://www.kellingstaging.com/' target='_blank'>Kelling Staging</a>, with 20 years’ experience working in the creative industry. This company stages and styles homes for rent and sale in the Prime Property market. True to the aesthetic of Kelling Design, exceptional work is done with a practiced eye and unique furniture to ensure each home they stage has powerful appeal, improving its memorability and desirability with buyers.</div>





february-london

<h2 class='intro_basic'>Love is in the air, and so are Foxtons "For Sale" signs. This Valentine's Day, we're playing Cupid for London properties and the timing couldn't be better. <a href='https://www.rightmove.co.uk/press-centre/february-march-are-the-best-months-to-list-a-home-for-sale/' target='_blank'>Rightmove's latest study</a> says nearly 7 out of 10 properties listed in February go on to complete.</h2>



<p><a href='https://www.foxtons.co.uk/' target='_blank'><img src='https://page-assets.foxtons.co.uk/news-images/2025/02/number-1-month-to-list/720.jpg' alt=''></a></p>



<h3>Why are buyers so fond of February?</h3>
<p><a href='https://www.rightmove.co.uk/press-centre/february-march-are-the-best-months-to-list-a-home-for-sale/' target='_blank'>Rightmove's data</a> shows February isn't just for romance – it's also the best time to list a property. 
<p>Analysing sales from 2012 to 2023, the study showed January and February to be the two months when a new property listing will find a buyer fastest - just 51 days. Meanwhile, nearly seven in 10 homes (66.3%) listed in February and March went on to complete as a successful sale. So it turns out, <b>February is the sweet spot</b>.
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            <div style="font-size: 3rem; font-weight: 800; margin: 0;">&#x1f3e1;<br>~7 <small><small><small><small>of</small></small></small></small> 10</div>
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            <p style="font-size: 1.2rem; color: #017163; margin: 0;">homes listed in February<br>complete a sale</p>
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            <p style="font-size: 1.2rem; color: white; margin: 0;">days to find a buyer in the fastest month of the year</p>
<div style="font-size: 4rem; font-weight: 800; margin: 0;">&#x23f1; </div>
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<h3>The 2025 market is looking rosy</h3>

<p>We are seeing a definite rise in positive sentiment, and it's enough to make even the most cynical heart flutter.

<blockquote class='pullquote_right'>
<a href='https://www.foxtons.co.uk/discover/2025/02/mortgage-rates-below-4-are-back-is-it-time-to-buy' target='_blank'><img src='https://page-assets.foxtons.co.uk/news-images/2025/02/bank-of-england-building/1600.jpg' alt=''></a><p><small>Read the article: <a href='https://www.foxtons.co.uk/discover/2025/02/mortgage-rates-below-4-are-back-is-it-time-to-buy' target='_blank'>Mortgage rates are back below 4% - time to buy?</a></small></p>
</blockquote>

<p>Just yesterday, we shared the exciting news of <b><a href='https://www.foxtons.co.uk/discover/2025/02/mortgage-rates-below-4-are-back-is-it-time-to-buy' target='_blank'>mortgage rates dipping below 4%</a>.</b>  This is a significant milestone for buyers, and as an industry expert at Alexander Hall mortgage brokers put it, it's broken that "psychological barrier" that's been keeping some buyers on the fence.  They're seeing this positive shift firsthand in their clients, and we're seeing it too.

<p><b>Lenders are feeling the love</b> as well. Sentiment is improving, which opens up opportunities for lenders to deliver a wider range of mortgage products, and potentially, <a href='https://www.foxtons.co.uk/discover/2025/01/is-now-the-time-expert-insight-on-housing-affordability-in-2025' target='_blank'>to ease affordability checks for mortgage applications</a>. It's particularly exciting to see more <a href='https://www.foxtons.co.uk/discover/2024/07/what-makes-own-new-rate-reducer-different-to-other-new-home-mortgage-schemes' target='_blank'>innovative products to help first-time buyers</a>.  

<P>All this positive sentiment? The data backs it up. <a href='https://www.foxtons.co.uk/' target='_blank'>Rightmove's research</a> puts <b>buyer demand up 8%</b> compared to the same period last year, and the number of <b>sales agreed up 15%.</b>

<figure>
<a href='https://www.foxtons.co.uk' target='_blank'><img src='https://page-assets.foxtons.co.uk/news-images/2025/02/match-made-in-london/720.jpg' alt=''></a>
<figcaption>Photo by Foxtons Specialist Video & Photography</figcaption>
</figure>



<h3>A match made in London</h3>
<p>They say in love, you'll find "the one" when you stop looking. But in property? That's precisely when you need to cast the widest net possible. 

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        <div style="font-size: 2.5rem; font-weight: 500; margin: 0;">The <big><big>1</big></big><br> for you</div>
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        <p style="font-size: 1.2rem; color: #017163; margin: 0;">This February, partner your sale with the one who will get it done; Foxtons, London’s number 1 agent.

<br><br><small><small><small><small>Source: TwentyCI data, 2024 v 2023 market share and market share growth of new instructions at a brand level.</small></small></small></small></p>
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<p>London isn't just one market – it's a complex network of vibrant communities, each with its own charms. Your perfect buyer might be dreaming of your postcode right now... or they might not even know they want it yet. <a href='https://www.foxtons.co.uk/reports/the-london-report/london-report-2023' target='_blank'>Two out of every five Foxtons buyers</a> ends up moving to an area outside their initial search. So, if your agent is only selling your property to people looking in their local patch, they’ve missed an entire audience of motivated buyers. 
<p>That's why, at Foxtons, we ensure our Negotiators have every opportunity to play matchmaker between buyers and neighbourhoods. With over 50 connected offices across the capital, our agents can show properties anywhere – not just their assigned patch – and use the latest data from our entire network to reach your buyer, no matter where their search began.

<h3>Finding love in the number 1 month to list</h3>

<blockquote class='pullquote_right'>
<a href='https://www.foxtons.co.uk' target='_blank'><img src='https://page-assets.foxtons.co.uk/news-images/2024/02/soldmate/720.jpg' alt=''></a><center><p>In love and property, <br><b>timing is everything</b>. <br>And right now? <br>It's <b>perfect</b>.
</blockquote>


<p>People always wonder: “when is it the right time to get my property valued?” 
<p>The natural preference is to see what’s out there first, before you jump into the market with your own property. But if you start by looking for your next home, and wind up finding 'the one,' your sale will not happen in time to buy it. 
<p>Don't let your property be the one that got away. <a href='https://www.foxtons.co.uk/valuations' target='_blank'>Book a free valuation</a> with Foxtons, and let's make Cupid proud.


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bank-of-england-building

<h2 class='intro_basic'>Great news if you've been waiting to start your property search in London - mortgage rates have dropped below 4%. Lenders are feeling confident, which means there are some excellent mortgage deals available right now. Here's what you need to know...</h2>


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<div class="toc-container">
    <div class="toc-title">Jump to:</div>
    <ul class="toc-list">
        <li class="toc-item">
            <a href="#whats-changed" class="toc-link">What's changed?</a>
        </li>
        <li class="toc-item">
            <a href="#whats-available" class="toc-link">How do I get a 4% or less rate?</a>
        </li>
        <li class="toc-item">
            <a href="#monthly-payments" class="toc-link">What does a rate drop mean for monthly payments?</a>
        </li>
        <li class="toc-item">
            <a href="#fixed-variable" class="toc-link">Should I get a fixed or variable rate?</a>
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        <li class="toc-item">
            <a href="#consider" class="toc-link">What to consider</a>
        </li>
        <li class="toc-item">
            <a href="#explore" class="toc-link">Explore my options</a>
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</div> 

<a id="whats-changed"></a><figure>
<img src='https://page-assets.foxtons.co.uk/news-images/2025/02/bank-of-england-building/720.jpg' alt='Bank of England'></a>
<figcaption>The Bank of England has cut the base rate| Photo: <a href='https://unsplash.com/photos/woman-walking-in-front-of-white-building-with-ionic-pillars-jeF-vyxytb4' target='_blank'>Bank of England</a> by <a href='https://unsplash.com/@robertbye' target='_blank'>Robert Bye</a> - <a href='https://unsplash.com/license' target='_blank'>Unsplash</a></figcaption>
</figure>



<h3>What's changed?</h3>
<p>The Bank of England recently lowered the Base Rate, which is usually good news.  However, this time around, the excitement was muted because they also pulled back on their predictions for economic growth in 2025. <p> Despite this cautious outlook from the Bank of England, we're happy to report that the property market remains positive. In fact, some mortgage lenders are offering some of their best rates in months, and even <i>years</i>.  This positive shift in lender confidence is a welcome development. </p>


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   <p>
"Rates below 4% are a hugely positive step for consumers and the market. When mortgage rates start with a 3 it helps to break a psychological barrier and we have seen this positive sentiment from our clients." 

<p>"With the outlook of further base rate cuts this may lead to lenders offering lower affordability stress rates, which could give a bit more flexibility with affordability for those looking at their buying or remortgage options. Naturally anyone reviewing their mortgage options will need to speak to a good broker to access the most appropriate option."
<p style="text-align: right">Stephanie Daley<br><small><b>Director of Partnerships - Alexander Hall</small></b></p>

</div> 


<a id="whats-available"></a><h3>Can I get a mortgage rate under 4% now?</h3>
<p>Our partner broker, <a href='https://www.alexanderhall.co.uk/' target='_blank'>Alexander Hall</a>, tells us that there are both 5-year and 2-year fixed rate products below 4% once again. While we saw some 5-year fixed deals <a href='https://www.foxtons.co.uk/discover/2024/01/rates-fall-doors-open-more-good-news-for-buyers-and-landlords' target='_blank'>below 4% last year</a>, this is the first time since March 2023 that 2-year fixed rates have been this low.
<p>This means you could get a mortgage with lower monthly payments than you might have expected. Alexander Hall works with both high street banks and specialist lenders to find the right mortgage for you.


<a id="monthly-payments"></a><h3>What does this mean for my monthly payments?</h3>
<p>All this fuss over less than a 1% decrease? You'd be surprised; a small change in your mortgage rate can actually make a huge difference to your monthly payments. Even a quarter of a percent (0.25%) drop could save you hundreds of pounds each year:


<div style="max-width: 350px; margin: 0 auto; font-family: Arial, sans-serif; background: linear-gradient(135deg, #e6f1ef 0%, #ffff 100%); border-radius: 16px; padding: 32px; box-shadow: 0 4px 6px rgba(0,0,0,0.1);">
    <div style="text-align: center; margin-bottom: 32px; position: relative;">
   
        <h2 style="color: #017163; font-size: 25px; margin: 0 0 8px 0;">The Impact of a <b>0.25%</b> Rate Drop</h2>
        <p style="color: dark-grey; font-size: 16px; margin: 0;">See How Much You Could Save Monthly</p>
    </div>
    
    <div style="display: flex; flex-direction: column; gap: 24px;">
        <div style="background: white; padding: 24px; border-radius: 12px; box-shadow: 0 4px 12px rgba(0,0,0,0.1); position: relative; border-left: 6px solid #fff000;">

            <div style="display: flex; justify-content: space-between; align-items: center;">
                <div>
                    <div style="color: #4b5563; font-size: 16px; margin-bottom: 8px;">Loan Amount</div>
                    <div style="color: #67aaa1; font-size: 20px; font-weight: bold;">£300,000</div>
                </div>
                <div style="text-align: right;">
                    <div style="color: #4b5563; font-size: 16px; margin-bottom: 8px;">Monthly Savings</div>
                    <div style="color: #017163; font-size: 25px; font-weight: bold;">£43.90</div>
                </div>
            </div>
        </div>
        
        <div style="background: white; padding: 24px; border-radius: 12px; box-shadow: 0 4px 12px rgba(0,0,0,0.1); position: relative; border-left: 6px solid #fff000;">
            <div style="display: flex; justify-content: space-between; align-items: center;">
                <div>
                    <div style="color: #4b5563; font-size: 16px; margin-bottom: 8px;">Loan Amount</div>
                    <div style="color: #67aaa1; font-size: 20px; font-weight: bold;">£500,000</div>
                </div>
                <div style="text-align: right;">
                    <div style="color: #4b5563; font-size: 16px; margin-bottom: 8px;">Monthly Savings</div>
                    <div style="color: #017163; font-size: 25px; font-weight: bold;">£73.17</div>
                </div>
            </div>
        </div>
        
        <div style="background: white; padding: 24px; border-radius: 12px; box-shadow: 0 4px 12px rgba(0,0,0,0.1); position: relative; border-left: 6px solid #fff000;">
            <div style="display: flex; justify-content: space-between; align-items: center;">
                <div>
                    <div style="color: #4b5563; font-size: 16px; margin-bottom: 8px;">Loan Amount</div>
                    <div style="color: #67aaa1; font-size: 20px; font-weight: bold;">£700,000</div>
                </div>
                <div style="text-align: right;">
                    <div style="color: #4b5563; font-size: 16px; margin-bottom: 8px;">Monthly Savings</div>
                    <div style="color: #017163; font-size: 25px; font-weight: bold;">£102.43</div>
                </div>
            </div>
        </div>
    </div>
    
    <p style="color: #6b7280; font-size: 14px; text-align: center; margin-top: 24px;">Based on a 30-year repayment mortgage term</p>
</div>


<h3>Should I go for it?</h3>
<a id="fixed-variable"></a><p><big><b>Fixed or variable rate?</b></big>
<p>Many people who bought through us when rates dipped this time last year are now happily settled in their new homes with 2-year or 5-year fixed rates. However, no one can perfectly time the market to get the lowest possible rate. 
<p>As we said last year: "Rates might come down a bit more, or they might not. Is waiting for a possible better deal worth missing out on what's available now? Only you, your adviser and time will tell."

<a id="consider"></a><p><big><b>What to consider</b></big>
<p>If you're thinking of getting a fixed-rate mortgage, here are a few things to consider:
<p style="margin-left: 25px">• If you’re moving from a variable rate, first check if there's an exit fee
<p style="margin-left: 25px">• First-time buyer? Look carefully at any product or arrangement fees
<p style="margin-left: 25px">• A 5-year fixed rate will give you peace of mind on your monthly payments, however we may see rates fall further over the coming years. In which case, a shorter-term deal could give you the flexibility to switch in 2-3 years.


<figure>
<a href='https://www.foxtons.co.uk/properties-for-sale/south-east-england' target='_blank'><img src='https://page-assets.foxtons.co.uk/news-images/2025/02/mortgage-rate-decrease/720.jpg' alt='Browse London homes for sale'></a>
<figcaption>Find your home in London | Photo by Foxtons Specialist Video & Photography team</figcaption>
</figure>




<a id="explore"></a><h3>Ready to Explore Your Options?</h3>
<p>Whether you want to move forward now or just see what's possible, start by talking to a mortgage adviser. They'll keep track of the market for you, explain your options clearly, and help you make the right choice for you. <a href='https://www.alexanderhall.co.uk/contact' target='_blank'>Get in touch with Alexander Hall</a>, our trusted mortgage partners, for a free consultation.
<p>Want to start looking at properties? <a href='https://www.foxtons.co.uk/help/contact' target='_blank'>Find your local office</a>, <a href='https://www.foxtons.co.uk/properties-for-sale/south-east-england' target='_blank'>browse our homes on the market</a> or <a href='https://www.foxtons.co.uk/myfoxtons/applicants' target='_blank'>tell us what you’re looking for on My Foxtons</a>, and our local experts will help you find it.

<br><hr><br>
<div style="background: #00000; 
            padding: 10px; 
            border: 3px solid #017163; 
            margin-left: 20px; 
            margin-right: 20px;">
   <p><p><b>Source:</b> This information for this article was provided by and reviewed by Alexander Hall mortgage advisers, to ensure you have the most valuable information in front of you when you’re navigating the mortgage market. If you have any questions on the blog information, <a href='mailto:experts@foxtons.co.uk?subject=Mortgage%20Rate%20Update%20February' target='_blank'>get in touch</a>. We’re always happy to help.</div>



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# Property trends and Insight

We help our landlords stay on top of all the latest regulations.

Property trends and Insight

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