The summer is without a doubt the busiest time of the year for lettings in London. It happens every year, the weather warms up, and so does the market. But why?
Lots of people move during the summer months for various reasons. One of the main reasons is that the school year in the UK starts in September. This means graduates and families scramble to move into their new homes in time for the new school year, while graduates leaving education often flock to the capital for work. London is also incredibly popular with overseas students moving to the UK to take advantage of some of the best schools and universities in the world.
Those who moved houses the previous summer, may find themselves searching for their next tenancy during the summer months meaning even more competition for the best properties and pushing up prices.
If you want to start letting a property this summer, set yourself up for success by understanding the process and put yourself in the best position to secure your new home during this buzzing time in the market. Follow our guide and you will be in a great position to find the property you have been looking for!
1. Move fast
There is no time to wait around when you are trying to let during the summer, if you see a property that you like, act fast because it might be gone tomorrow. Call the agent, book a viewing, and be ready to put in your offer.
2. Be flexible
It pays to be flexible. If you can be flexible with furnishings and your move in date it just might make you stand out or tip the scales in your favour when it comes to an offer.
3. Offer asking price
The summer is not the time to negotiate rent. If you are serious about a property, taking a straightforward approach will be attractive to potential Landlords. In the summer, multiple bids are commonplace so make your offer as attractive as possible right from the start.
4. Prepare your documents
A good way to stand out as a reliable tenant is to bring your Right to Rent documentation, such as your passport, to the viewing. Have your bank accounts set up, funds ready to transfer, and contact your HR department to discuss referencing beforehand. Being prepared will make the letting process faster and easier all around.
Things to remember
The lettings market during the summer is fast paced, but it is also a time when lots of fantastic properties come into the market. It is a brilliant opportunity to find your dream home to rent by being prepared from the beginning of your search, you can put yourself in the best position possible to bag the property you want.