David Lamb of Orange Lettings is warning those looking to move to a new dream home not to take too long over the paperwork, so you can move into your rented property with ease.
The lettings market is “red hot” in the wake of the coronavirus pandemic, but David believes there is also a “lack of quality housing” like you will find at Orange Lettings.
So if you’ve spotted your next dream rental, it’s time to get your affairs in order as quickly as possible to make the move plain sailing.
David says: “As always there are a lot of very average properties on the market.
“We like to manage and create high quality lettings and specialise in those.
“Our niche is for properties that have been refurbished to a very high standard.”
David advises potential tenants to prioritise getting their credit file in order and having a suitable guarantor in place - whatever your credit status.
“I would say to tenants, there is a lot of competition for properties at the moment and you need to be well prepared,” he said.
“Because of lockdown, people have been looking at the same four walls for so long and a lot of people have decided to move or have reprioritised things such as wanting a bigger garden, or an area to set up a little home gym or office space.
“That makes for a lot of competition for good quality housing, so be well prepared to hit the ground running.
“Put your viewings in early - but also make sure your credit file is as clean as it can possibly be, make sure you have solid references ready and you have a guarantor in place.”
He adds this is imperative, as if you had four people who were all pretty good tenant material, the most organised with all their paperwork in place is likely to win the race to their dream home.
“The one who has got all the boxes ticked first, not necessarily the one that can physically move straight away, will get the property they want,” he said.
“At the moment, properties are going on the website and straight away, they are gone, so you have to be quick.”
David adds that this also goes for house shares, with the HMO (multiple occupancy housing) market also picking up again post pandemic.
He said: “During the pandemic, people haven’t wanted to live with strangers, but we are starting to see an increase in activity in the HMO market again as we are coming out of lockdown and people are getting vaccinated.
“I think that will only continue now.”
Orange Lettings is a company of landlords who have been through full market cycles – who have seen both the ups and downs of the rentals and wider property markets.
David advises, not only on lettings, but on property investment strategies and he has the ability to advise on a street by street basis whether an investor is getting a good deal.
He said: “We have a good knowledge of the entire North-east region having lived throughout the region and being landlords ourselves, we understand that every penny counts at the same time as retaining a high standard of property.”
He added with the uncertainty still surrounding Covid, it’s more important than ever that landlords have the right tenant in place.
“We feel our vetting system is second to none and we go above and beyond to ensure that we get the best quality tenant available,” he said.