Interest Rates and the Property Market: The Outlook for the Remainder of 2026
Over the past few years, interest rates have played a major role in shaping the UK property market. Following the rapid increases seen during 2022 and 2023, the Bank of England subsequently began reducing rates as inflationary pressures eased.
However, the economic picture has become more uncertain again during 2026. Although borrowing costs are considerably below their previous peak, inflation remains above the Bank of England’s target, meaning that further interest-rate reductions can no longer be taken for granted.
Homeowners, buyers, landlords and investors are therefore watching the Bank of England closely for indications of what may happen during the remainder of this year and into 2027.
Where Are Interest Rates Now?
As of July 2026, the Bank of England base rate stands at 3.75%. It was held at this level at the Monetary Policy Committee’s meeting on 18 June, with the next interest-rate decision scheduled for 30 July 2026.
This compares with the peak of 5.25% reached in 2023 and represents a meaningful reduction in borrowing costs. Nevertheless, the Bank Rate remains considerably higher than the exceptionally low rates experienced throughout much of the 2010s and during the pandemic.
UK inflation currently stands at approximately 2.8%, remaining above the Bank of England’s 2% target. The Bank expects inflation to remain close to 3% during the third quarter of 2026 and potentially rise to just above 3.25% towards the end of the year.
Consequently, the Bank of England is maintaining a cautious approach. While the possibility of further reductions previously appeared likely, policymakers are now balancing weaker economic growth against continuing inflationary pressures.
The Journey from Rising Rates to Greater Stability
The sharp increase in interest rates during 2022 and 2023 had an immediate effect on the housing market. Mortgage affordability was stretched, monthly repayments increased and many buyers reduced their budgets or temporarily postponed moving.
Lenders also tightened affordability assessments, while homeowners reaching the end of historically inexpensive fixed-rate mortgages faced significantly higher replacement costs.
The effect was particularly noticeable in locations such as Four Oaks, Sutton Coldfield and other higher-value areas of North Birmingham, where purchasers often require larger mortgages. Some prospective buyers adopted a “wait and see” approach, while sellers had to adjust their expectations to reflect changing affordability.
As rates began to fall and mortgage products became more competitive, confidence gradually returned. Buyers and sellers became accustomed to a more normalised interest-rate environment, and the uncertainty that characterised the earlier period started to subside.
Mortgage Rates in 2026
Mortgage rates do not move directly in line with the Bank Rate. They are also influenced by financial-market expectations, government borrowing costs, inflation forecasts, competition between lenders and the individual circumstances of each borrower.
During the spring of 2026, mortgage pricing increased following renewed global and economic uncertainty. Rates subsequently began to ease again as lenders made selective reductions.
At the beginning of June, the average two-year fixed residential mortgage rate was approximately 5.68%, while the average five-year fixed rate was around 5.63%. These are market-wide averages and include products across different deposit levels and borrower circumstances.
More competitive rates remain available to borrowers with larger deposits, strong credit records and lower loan-to-value requirements. Some of the leading mortgage products are available in the mid-to-high 4% range, although arrangement fees and lending conditions must always be considered alongside the headline rate.
First-time buyers with smaller deposits will generally pay more. For example, some of the most competitive two-year products for purchasers with a 10% deposit are presently priced at around 4.7% to 4.8%, while rates for those with only a 5% deposit are generally higher.
Every borrower’s circumstances are different, making professional mortgage advice especially important when comparing rates, fees, incentives and the potential benefits of two-year and five-year fixed arrangements.
The Current Mood in the Property Market
Despite the uncertainty surrounding interest rates, the property market has become noticeably more active as 2026 has progressed.
The year began somewhat slowly, with some buyers remaining cautious about mortgage costs and the broader economic outlook. However, here at Acres, we have subsequently seen a considerable improvement in activity.
Viewing numbers are strong, buyer enquiries have increased and a good number of sales are being agreed across Sutton Coldfield, Four Oaks, Walmley and Great Barr.
Buyers appear increasingly comfortable with the current mortgage environment and are making decisions based on today’s available rates rather than waiting indefinitely for substantially cheaper borrowing.
Affordability remains important, and purchasers continue to be price-conscious. Nevertheless, correctly priced and professionally marketed homes are attracting good levels of interest, with motivated buyers actively searching across a broad range of price points.
What Could Happen to Interest Rates Next?
Predicting interest rates with certainty is never possible, particularly while inflation, energy prices and international events remain volatile.
Earlier expectations that the Bank of England would continue cutting rates throughout 2026 have become less certain. Inflation is currently forecast to remain above target during the second half of the year, and the Bank has made clear that additional reductions are not presently guaranteed.
Many economists now expect the Bank Rate to remain at 3.75% for some time. Some believe it could remain unchanged throughout the remainder of 2026, while financial markets have also considered the possibility of a modest increase should inflation become more persistent.
The Bank of England is likely to assess each decision individually, taking account of inflation, wage growth, employment, economic activity and international energy costs.
The most realistic expectation is therefore not for a rapid return to exceptionally low interest rates, but for a period of relative stability, with only gradual adjustments in either direction as economic conditions become clearer.
Factors That Could Influence the Outlook
Inflation will remain the principal consideration. Should inflation fall more quickly than expected, this could eventually create scope for lower interest rates.
However, persistent wage growth, higher energy prices, global trade disruption and increased business costs could keep inflation above target and potentially delay any further reductions.
Government borrowing costs also influence the mortgage market. Fixed mortgage rates are partly determined by swap rates and financial-market expectations rather than simply by the current Bank Rate. Mortgage rates can therefore rise or fall before the Bank of England makes an official change.
Competition between lenders can still produce attractive short-term opportunities. Individual banks and building societies may reduce rates to meet lending targets, even when the wider interest-rate outlook remains uncertain.
What Does This Mean for Buyers?
Buyers should be cautious about postponing a suitable purchase solely in anticipation of significantly lower mortgage rates.
Rates may reduce in the future, but they could equally remain at their present level or move higher if inflation persists. Waiting for the perfect mortgage rate could mean missing the right home, facing increased buyer competition or paying a higher property price later.
Purchasers who are financially prepared and have a mortgage agreement in principle are in a stronger position to proceed when they find a suitable property.
It is also important to compare the entire mortgage package rather than focusing solely on the advertised rate. Arrangement fees, valuation costs, early repayment charges and the rate payable after the fixed period can all affect the true cost.
What Does This Mean for Sellers?
For sellers, current market conditions remain encouraging.
Although mortgage rates are higher than the unusually low levels of previous years, buyers have largely adjusted their expectations and are actively viewing and purchasing property.
Here at Acres, we are finding sales to be strong, with excellent viewing numbers and many transactions being agreed. The slower beginning to 2026 has given way to a much more positive period of activity.
The longer days, improved weather and gardens looking at their best make this an especially attractive time to launch a property. Sellers can capitalise on the seasonal advantages while benefiting from the healthy number of buyers currently registered and searching through our offices.
Accurate pricing remains essential. Buyers are knowledgeable and sensitive to value, meaning that properties brought to the market at an unrealistic figure can struggle to attract early interest.
A considered pricing strategy, combined with professional photography, detailed floorplans and comprehensive marketing, can generate stronger viewing levels and place sellers in the best position to achieve a successful result.
What Does This Mean for Existing Homeowners?
Homeowners approaching the end of a fixed-rate mortgage should begin reviewing their options well before their current deal expires.
Many lenders allow borrowers to secure a new product several months in advance. Arranging a rate early can provide protection against possible increases while still allowing the borrower to reconsider should a better product become available before completion.
Those moving from an older, lower fixed rate may still experience an increase in monthly repayments. Reviewing the mortgage term, loan amount and available fixed periods with a qualified adviser can help identify the most suitable approach.
Overpaying where permitted, reducing other borrowing and improving the property’s loan-to-value position may also provide access to more competitive products.
Implications for Landlords and Investors
Landlords and property investors must also consider the effect of higher financing costs.
Although rental demand remains strong, mortgage interest, taxation, maintenance and regulatory costs all need to be included when assessing an investment.
Properties in established residential locations close to schools, railway stations and employment centres continue to attract reliable tenant demand. Sutton Coldfield, Four Oaks, Walmley and Great Barr remain popular with families and professionals seeking well-maintained homes with good transport connections.
Investors should base purchasing decisions on realistic rental income and sustainable long-term returns rather than relying solely on future capital growth or anticipated interest-rate reductions.
Implications for the Property Market
If interest rates remain broadly stable, the housing market is likely to continue adjusting positively.
Greater predictability allows buyers to calculate their budgets with more confidence and helps sellers make informed decisions about pricing and onward purchases.
We are unlikely to see the exceptional house-price growth experienced during parts of the pandemic. Instead, the most likely outcome is a more balanced and sustainable market, supported by genuine demand, sensible pricing and borrowing costs that buyers increasingly understand and accept.
Any future reduction in mortgage rates could provide an additional boost to confidence and affordability. However, the current strength in viewing and sales activity demonstrates that the market does not necessarily need ultra-low interest rates to function successfully.
Our View
The interest-rate outlook is more uncertain than it appeared at the beginning of 2026. Inflation remains above target, and further Bank of England rate reductions cannot be assumed.
Nevertheless, there are several reasons for optimism. The Bank Rate is below its previous peak, mortgage lenders continue to compete for business and buyers have adapted to the present borrowing environment.
Most importantly, our experience across the Acres offices is that people are continuing to move. We are seeing strong viewing activity, motivated buyers and a growing number of sales being agreed.
For those considering selling, the combination of active buyer demand, longer days and favourable seasonal presentation makes this an excellent time to bring a property to the market.
Rather than attempting to predict every future interest-rate movement, buyers and sellers should concentrate on their own circumstances, obtain professional financial advice and make decisions based on the opportunities currently available.
Thinking of Moving?
Acres Estate Agents are your local, family-owned and run property experts, serving Sutton Coldfield, Four Oaks, Walmley and Great Barr.
Whether you are buying, selling, renting or investing, our experienced teams can provide honest local advice and professional support throughout your property journey.
To find out how much your home may currently be worth, or to discuss bringing your property to the market, please contact your local Acres office or email This email address is being protected from spambots. You need JavaScript enabled to view it..
Sutton Coldfield, Four Oaks, Walmley and Great Barr Continue to Attract Buyers
The property market across Sutton Coldfield, Four Oaks, Walmley and Great Barr has demonstrated considerable resilience during the first half of 2026.
Although the year began more slowly than many had anticipated, activity has strengthened as the months have progressed. Across our Acres offices, we are now arranging excellent numbers of viewings, receiving encouraging offers and agreeing a strong number of sales.
The wider national picture remains mixed, with economic uncertainty and changing mortgage rates continuing to influence buyer confidence. However, committed purchasers are still moving, and correctly priced, professionally presented homes are attracting good interest throughout our local areas.
The National and Regional Picture
The latest official UK House Price Index recorded an average UK property value of approximately £270,000 in April 2026, representing annual growth of 3.8%. However, this headline figure was affected by comparisons with the market immediately following the Stamp Duty changes in April 2025 and may be revised as further completed-sales data becomes available.
Other more recent indices indicate a steadier market. Nationwide reported annual house-price growth of 2.2% in June 2026, while the Lloyds house-price index recorded annual growth of 0.6%.
This difference illustrates why no single monthly index should be viewed in isolation. The broad picture is of a market in which prices are generally stable or increasing modestly, rather than experiencing the rapid growth seen during the pandemic years.
In the West Midlands, the average asking price of a property coming to the market was approximately £303,805 in June 2026, according to Rightmove. This was 1.3% higher than a year earlier, with homes taking an average of approximately 59 days to secure a buyer.
Official completed-sales data placed the average West Midlands property price at approximately £251,000 in April 2026. Asking-price and completed-sales figures measure different parts of the market, but together they indicate that the region remains relatively stable and continues to compare favourably with some more expensive parts of the country.
Sales Activity: A Slower Start, Followed by Stronger Momentum
National buyer demand has been affected by higher mortgage costs and continuing political and economic uncertainty. Zoopla reported that sales agreed during June were approximately 7% lower than a year earlier, while buyer enquiries were around 15% lower.
However, local markets do not always move in precisely the same way as national averages.
Here at Acres, following a slower beginning to 2026, we are seeing strong viewing numbers and a healthy level of sales being agreed across Sutton Coldfield, Four Oaks, Walmley and Great Barr.
Many purchasers who delayed their plans earlier in the year have now returned to the market with clearer budgets and greater motivation. Buyers are still price-conscious, but they are prepared to act decisively when a suitable, realistically priced home becomes available.
Properties launched with accurate pricing, professional photography, clear floorplans and comprehensive marketing are generating the strongest response. Conversely, homes entering the market at an overly ambitious price can struggle, as buyers have access to more information and are quick to compare competing properties.
Local Market Trends
Sutton Coldfield
Sutton Coldfield continues to attract families, professional buyers and those relocating from other parts of Birmingham and the wider region.
Demand remains particularly strong for well-presented family homes close to reputable schools, railway stations, shopping facilities and Sutton Park. Homes offering good gardens, flexible living accommodation and convenient access to the Cross-City railway line continue to perform especially well.
The market remains price-sensitive, but correctly positioned properties are generating good viewing activity and achieving encouraging results.
Four Oaks
Four Oaks remains one of the most prestigious and desirable residential areas in the West Midlands.
The upper end of the market is naturally more selective, particularly where buyers require larger mortgages. Nevertheless, high-quality homes in established roads, close to Sutton Park, excellent schools and Four Oaks railway station continue to attract committed buyers.
Presentation, marketing quality and accurate initial pricing are particularly important at this level. Buyers have high expectations, but exceptional homes in the right locations continue to sell well.
Walmley
Walmley remains highly popular with families attracted by its schools, established residential neighbourhoods, local amenities and convenient access to Sutton Coldfield and Birmingham.
Three and four-bedroom family homes continue to generate healthy interest, especially where properties are well maintained, extended or offer attractive gardens.
Walmley provides an appealing balance between accessibility, community and value, helping to maintain demand throughout changing market conditions.
Great Barr
Great Barr continues to offer excellent comparative value and remains particularly active within the first-time buyer and family-home market.
Well-presented semi-detached homes, extended houses and properties close to schools, transport routes and local amenities continue to attract plenty of attention.
While purchasers remain conscious of mortgage affordability, competitively priced homes can still generate several viewings within a relatively short period and, in some cases, competing offers.
What Is Supporting Local Demand?
Several long-standing factors continue to underpin demand throughout our area:
Excellent transport connections: Access to Birmingham city centre, the Cross-City railway line, major road networks and the M5, M6 and M42 makes the area attractive to commuters.
Strong school networks: Access to highly regarded primary and secondary schools continues to generate year-round family demand.
Green space and lifestyle: Sutton Park, local parks and established residential surroundings remain major attractions for buyers seeking space without losing convenient access to Birmingham.
Relative value: Walmley and Great Barr, in particular, can offer buyers more space for their budget than some neighbouring premium locations.
Limited supply of certain homes: Good-quality family houses in particularly desirable roads and school catchments remain relatively limited, helping to support their values.
Mortgage Rates and Affordability
Mortgage affordability remains one of the most important factors shaping buyer decisions.
The Bank of England base rate currently stands at 3.75%, below its previous peak of 5.25% but still considerably higher than the exceptionally low rates experienced during much of the 2010s.
Mortgage rates rose during the spring following renewed inflationary and international economic concerns. Average market-wide fixed rates have recently remained above 5%, although more competitive products may be available to borrowers with larger deposits and stronger financial circumstances.
Buyers are increasingly adjusting to the current lending environment rather than waiting indefinitely for rates to return to previous historic lows.
Obtaining an agreement in principle before viewing is advisable, as it allows purchasers to understand their budget and demonstrates to sellers that they are in a position to proceed.
More Choice Means Pricing Is Vital
The amount of property available to buyers has increased compared with recent years.
Greater choice is beneficial for purchasers, but it means sellers must compete more effectively for attention. Buyers can quickly identify whether a property represents reasonable value, and homes that appear expensive compared with similar alternatives may receive fewer enquiries.
Realistic pricing does not mean underselling a property. It means creating the strongest possible initial response, encouraging viewings and placing the seller in a better position to generate attractive offers.
A strong launch is particularly important because properties generally receive their greatest online exposure during their first few weeks on the market.
The Rental Market
Rental demand remains strong across North Birmingham, particularly for well-maintained family homes and modern apartments close to railway stations, schools and employment centres.
The average private rent across the West Midlands reached approximately £966 per month in May 2026, an annual increase of around 4.2%. Across Birmingham, the average monthly rent was approximately £1,086 in April, representing annual growth of 3.3%.
The actual rent achieved varies considerably according to the type, size, condition and location of an individual property. Larger family homes in Sutton Coldfield and Four Oaks will generally command considerably more than the regional average.
For landlords, continuing tenant demand can help reduce vacant periods. However, mortgage costs, taxation, maintenance expenditure and changing regulation must all be considered before purchasing an investment property.
Forecast: What to Expect During the Second Half of 2026
The outlook for the remainder of 2026 is more uncertain than it appeared at the beginning of the year.
Major forecasters currently differ in their expectations. Knight Frank has forecast average UK house-price growth of approximately 1.5% during 2026, while Savills has revised its forecast to a 2% fall, principally because higher mortgage costs may constrain demand.
Nationwide’s forecast issued at the beginning of the year anticipated growth of between 2% and 4%, although subsequent international and economic developments have made that range less certain.
Rather than relying on one precise forecast, the most reasonable expectation is for a relatively steady and price-sensitive market, with considerable variation between different regions, neighbourhoods and property types.
The Midlands and more affordable northern markets may prove more resilient than London and parts of the South East because average prices and mortgage requirements are generally lower.
Demand across Sutton Coldfield, Four Oaks, Walmley and Great Barr should continue to be supported by:
Established employment and commuter connections
Strong local schools and family demand
Access to Birmingham and the motorway network
Attractive green spaces and established communities
Limited availability of the best-positioned family homes
Better relative affordability than many southern markets
Mortgage rates, inflation and consumer confidence will remain important. Should borrowing costs ease later in the year, buyer activity could strengthen further. However, even without a significant reduction, our experience is that motivated buyers are continuing to move when the right home becomes available.
Opportunities and Recommendations
Buyers
Buyers who are organised and financially prepared are placing themselves in the strongest position.
Obtaining a mortgage agreement in principle, having proof of deposit readily available and placing an existing property on the market before offering can all improve the prospect of securing a desirable home.
Walmley and Great Barr continue to offer excellent value, while Sutton Coldfield and Four Oaks provide access to some of the region’s most desirable schools, transport links and residential locations.
Buyers should avoid waiting solely for the possibility of substantially lower mortgage rates. A future reduction could increase affordability, but it may also bring more purchasers into the market and intensify competition for the best homes.
Sellers
For sellers, the current market offers genuine opportunity.
Although the year began slowly, we are now experiencing strong viewing activity and agreeing a healthy number of sales. The longer days, good weather and gardens looking at their best make this an excellent time to bring a property to the market.
Homes that are accurately priced and comprehensively marketed are attracting committed buyers. Professional photography, detailed floorplans, high-quality property descriptions and prominent online exposure remain essential.
Sellers considering moving later in the year may benefit from acting now to capitalise on the seasonal presentation of their home and the number of active buyers currently registering with our offices.
Investors
The continuing shortage of high-quality rental accommodation is supporting rents and tenant demand.
Family homes, modern apartments and properties close to railway stations, schools and major employment routes remain particularly attractive. However, investors should examine the complete financial position, including mortgage costs, taxation, maintenance, regulation and realistic rental income.
Investment decisions should be based on sustainable long-term returns rather than assuming rapid capital appreciation or immediate reductions in interest rates.
A Market Requiring Experience and Local Knowledge
The market in 2026 is active, but it is also more selective.
Buyers are well informed, mortgage affordability remains important and there is greater competition between sellers. This makes accurate valuation, professional presentation and proactive sales progression more important than ever.
National statistics can provide a useful overview, but every local market—and every individual road—can perform differently. A property’s condition, price, position, school catchment and competition will all influence the eventual result.
Final Word: Strength in Familiar Foundations
The property market across Sutton Coldfield, Four Oaks, Walmley and Great Barr remains built upon strong and familiar foundations.
Following a slower start to 2026, we are now seeing plenty of viewings, positive buyer engagement and a strong number of sales being agreed. While the market remains sensitive to mortgage rates and pricing, motivated buyers are actively searching and prepared to proceed.
With longer days, favourable weather and homes and gardens presenting at their best, this is an excellent time for sellers to capitalise on current buyer demand.
Whether you are buying, selling, renting or investing, these well-established North Birmingham communities continue to demonstrate why they remain among the West Midlands’ most reliable and desirable residential locations.
If you are you thinking of selling your property and want to check how much your home is worth? You can get an Instant Valuation here.
For further information on lettings, help, or to book a rental valuation, please contact our Lettings Manager, Hamad, and the Acres Lettings team on 0121 312 4997 or email This email address is being protected from spambots. You need JavaScript enabled to view it..
If you would like to discuss selling your home, please get in touch with us This email address is being protected from spambots. You need JavaScript enabled to view it. or call any of our busy, helpful teams/offices:
Four Oaks 0121 323 3088
Sutton Coldfield 0121 321 2101
Walmley 0121 313 2888
Great Barr 0121 358 6222
Lettings 0121 312 4997
Thank you for reading this article, and your interest in Acres and our property for sale.
Nigel & Jayne Deekes – Acres Partners
Acres; proud to be family owned, managed, run and to have be
Are you thinking about buying a home, moving or remortgaging ?
Choosing the right mortgage can be one of the most important financial decisions you make. With a wide range of lenders, interest rates and mortgage products available, understanding which option best suits your circumstances can sometimes feel complicated.
Although some borrowers choose to approach their existing bank directly, working with a qualified mortgage broker or adviser can provide several important advantages.
Access to a Wider Range of Lenders
A mortgage broker can compare products from a broad range of lenders, rather than being restricted to the mortgages offered by one individual bank or building society.
This may include familiar high-street lenders as well as specialist providers that are not always available directly to the public.
Access to a wider selection of products can be particularly valuable when lending criteria differ considerably between providers.
Advice Tailored to Your Circumstances
Every borrower’s financial position is different. A mortgage adviser will take the time to understand your income, deposit, existing financial commitments and future plans before recommending a suitable mortgage.
This personalised approach can be especially helpful for:
First-time buyers Home movers Self-employed applicants Landlords and property investors Applicants with variable income Borrowers with previous credit difficulties Those approaching retirement Homeowners looking to remortgage or raise additional funds
Rather than simply looking for the lowest advertised rate, an adviser can consider the overall suitability and cost of the mortgage.
Saving You Time and Effort
Searching through mortgage products, comparing lender criteria and completing applications can be time-consuming.
A mortgage broker can carry out much of this work on your behalf. They can identify potentially suitable lenders, explain the available choices and help prepare the necessary information and documents.
This can make the application process more straightforward and reduce the risk of approaching a lender whose criteria may not suit your circumstances.
Expert Advice and Guidance
Mortgage advisers understand how different lenders assess applications and can guide you through each stage of the process.
They can explain:
The difference between fixed, tracker and variable rates Mortgage terms and repayment methods Arrangement fees and other charges Loan-to-value requirements Early repayment charges Affordability assessments The documentation required by lenders
Having someone available to explain the terminology and answer questions can provide valuable reassurance, particularly for first-time buyers or those with more complicated circumstances.
Help with the Application Processrocess
A mortgage broker can help you prepare and submit your application, liaise with the lender and keep you informed as the application progresses.
They can also work alongside your estate agent, solicitor and other professionals where necessary, helping to identify and resolve potential issues before they cause unnecessary delays.
A well-prepared application is generally easier for a lender to assess and can help the transaction progress more smoothly.
Understanding the True Cost of a Mortgage
The lowest headline interest rate is not always the least expensive option.
Some mortgages may include arrangement fees, valuation charges, early repayment penalties or higher follow-on rates. A broker can compare the overall cost of different products rather than focusing only on the initial rate.
Depending on the mortgage amount and length of the fixed period, a product with a slightly higher interest rate but a lower fee may prove more cost-effective.
Professional advice can therefore help borrowers make a more informed comparison.
Potential Financial Savings
By comparing a wide range of lenders and products, a broker may be able to identify a mortgage with a more competitive rate, lower fees or more suitable terms.
Even a relatively small difference in the interest rate or product fee can make a considerable difference to the total cost of a mortgage.
However, the most suitable mortgage is not necessarily the cheapest in every case. Flexibility, early repayment terms and future plans should also be considered.
Support When Circumstances Are Less Straightforward
Some borrowers may find that their circumstances do not fit the standard criteria used by every high-street lender.
This might include applicants who are self-employed, receive commission or bonuses, have recently changed jobs, own several properties or have experienced previous financial difficulties.
Mortgage brokers often have experience of these situations and may know which lenders are more likely to consider a particular type of application.
This can avoid unnecessary applications and potential delays.
Advice When Remortgaging
Mortgage advice is not only useful when purchasing a property.
If your current fixed-rate deal is approaching its end, a broker can review the wider market and compare this with any new deal offered by your existing lender.
They can also help homeowners considering:
Reducing monthly repayments Shortening or extending the mortgage term Consolidating other borrowing Raising funds for home improvements Changing from an interest-only to a repayment mortgage Reviewing a buy-to-let mortgage
Beginning the process several months before an existing deal expires can provide more time to consider the available options.
Ongoing Support
A mortgage is a long-term financial commitment, but the most appropriate arrangement may change over time.
Changes in income, family circumstances, interest rates or future plans can all affect your mortgage requirements.
An adviser can review your position when your existing product is due to end and help you consider whether remaining with your current lender or moving to another provider may be more suitable.
Helping to Protect Your Home and Family
When arranging a mortgage, it can also be sensible to consider how repayments would be maintained if your circumstances changed unexpectedly.
A mortgage adviser may discuss relevant protection options, including life insurance, critical illness cover or income protection.
Any recommended protection should be based on your individual needs, budget and existing arrangements.
Why Use a Mortgage Broker?
Using a mortgage broker or adviser can provide:
Access to a broad range of lenders and mortgage products Recommendations based on your personal circumstances Help understanding rates, fees and lending criteria Support preparing and submitting your application Assistance throughout the mortgage process Potential savings in both time and money Guidance for more complicated financial circumstances Continued support when your mortgage deal is due for review
The mortgage market can be complex, and lending criteria can change regularly. Receiving professional advice can help you understand your options and make a confident, informed decision.
Speak to Our Mortgage Team
For friendly, knowledgeable and professional mortgage advice, please contact our dedicated team:
Lisa or Rahma: 0121 358 6222 Mortgage enquiries: 0121 387 1616
You can also view our extensive range of mortgage and loan calculators at: acres-fs.co.uk
The availability and suitability of any mortgage will depend on your personal circumstances and the lender’s individual criteria.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Are you thinking of selling your property and want to check how much your home is worth? You can get an Instant Valuation here.
If you would like to discuss selling your home, please get in touch with us This email address is being protected from spambots. You need JavaScript enabled to view it. or call any of our busy, helpful teams/offices:
Four Oaks 0121 323 3088
Sutton Coldfield 0121 321 2101
Walmley 0121 313 2888
Great Barr 0121 358 6222
Lettings 0121 312 4997
Thank you for reading this article, and your interest in Acres and our property for sale.
Nigel & Jayne Deekes – Acres Partners
Acres; proud to be family owned, managed, run and to have been serving the North Birmingham community for 34 years.
Most people are aware that historically, the best time to sell your home is in the spring. Inspiration is in the air, the weather is getting warmer, gardens are beginning to look bright again and many buyers are eager to kick the year off with a new home.
But does this mean you should avoid selling once this spring window has passed?
Absolutely not.
There is Strong Demand
Most people do not begin viewing potential new homes until they have offers relating to their current property. Therefore, selling your home later in the summer is an excellent option if you are part of a longer chain.
Those who have marketed their home in the late spring may find that they cannot attract and accept offers until the middle of summer. Therefore, they will be searching for homes in August.
With a less saturated market at this time of year, it is far more likely they will find your property.
Decreased Competition
Yes, the market is slightly slower in August due to holidays and schools being closed, but that means that your home will potentially face less competition.
Determined buyers will have a smaller selection of homes to choose from, and therefore there is a much greater chance of increased interest and buyers driving up the sale cost.
Progress is Progress
Your home could take longer to sell in the summer months.
Those with children are preoccupied with arranging childcare, and therefore they are slower to book viewings and can often be unreliable. Also, many people choose to holiday during this period, so they are not contactable in the same capacity they usually would be.
However, this does not mean your home will not sell; it simply means it might take a few extra weeks.
Try to embrace the slightly less hectic and more laid back market in the late summer months.
Your Home Photographs Beautifully
The key to a successful house sale is exceptional marketing materials. These marketing materials have three key elements: a beautifully written informative description, a detailed floorplan, and incredible photographs.
Summer provides the best lighting to capture these fantastic images.
Great Weather Incentivises Viewers
The restrictions of the pandemic caused a steep rise in online video viewings in the housing market. These are incredibly beneficial to both buyer and seller, allowing for more flexibility and encouraging quicker sales.
However, most buyers will want to view a home in person before placing a formal offer on the property.
The warmer weather and brighter evenings encourage buyers to make an effort to view your home.
When the autumn begins to creep upon us and the days get substantially shorter, prospective buyers are much less incentivised to make the journey after work to view your property.
Settled for Christmas
The festive period is one of the most cherished in all of our calendars. It’s something we all look forward to, and throughout December, we all spend a tremendous amount of time at home entertaining guests.
Therefore, most prospective buyers who haven’t secured a deal in the summer are eager to complete before the onset of winter.
Marketing your home in August allows for plenty of time to be settled into a new house before the start of the Christmas period.
Top Tips for Selling Your Home in August
Control The Temperature
It’s not often in the UK that we are blessed with scorching hot summers. However, you want your buyers to be as comfortable as possible, taking their time to view your property.
Therefore, if you are lucky enough to show your home on a particularly beautiful day, open the windows wide to let in the fresh air.
Declutter and De-personalise
As with any other time of the year, it is crucial that you thoroughly declutter your home before allowing potential buyers to view it.
However, it is never as important as in the summertime, when viewers expect to see a bright, fresh blank canvas.
Play to Your Strengths
All buyers are going to be interested in your outside space. In the winter months, viewers often overlook the garden, focusing on the cosy environment inside.
So, when showing your home in August, you must get the garden looking immaculate.
Mow the lawn
Remove any dead plants or empty pots
Repaint the fences where necessary
Finally, a great tip is to set out the garden for entertaining, showing just how viewers could use the space. For example, consider staging a BBQ scene complete with a dressed table to show your viewers how great the outside entertaining area is.
Want more tips and advice? We love being able to help! Acres Estate Agents are your local, family owned and run property experts for the Sutton Coldfield and Great Barr areas. Call your local office on the numbers below or email This email address is being protected from spambots. You need JavaScript enabled to view it. to find out how we can help you.
If you would like to discuss selling your home, please get in touch with us This email address is being protected from spambots. You need JavaScript enabled to view it. or call any of our busy, helpful teams/offices:
Four Oaks 0121 323 3088
Sutton Coldfield 0121 321 2101
Walmley 0121 313 2888
Great Barr 0121 358 6222
Lettings 0121 312 4997
Mortgages 0121 387 1616
Thank you for reading this article, and your interest in Acres and our property for sale.
Are you thinking of buying a property as an investment to let out, or perhaps becoming an “accidental landlord”? Renting out property can be rewarding, but it also comes with a wide range of responsibilities, legal obligations and practical challenges.
With this in mind, we have put together some helpful information, tips and advice for anyone considering letting their property.
Should I rent my property out?
There are many reasons why people decide to rent out a property. For some, it may be a long-term investment, perhaps to help top up a pension or benefit from future capital growth. For others, it may be a shorter-term decision, perhaps because they are moving away for work, family reasons, or are not yet ready to sell.
Rental income can help cover mortgage payments and may provide an additional source of income. It can also be the first step in building a property portfolio. However, it is important to understand that being a landlord is now more regulated than ever, particularly following the legal changes introduced this year.
How do I rent out my property?
You can either choose to manage the rental yourself or instruct a professional letting agent to handle the administration, compliance and day-to-day management of the property on your behalf.
You will also need to decide how to offer your property, usually either furnished or unfurnished, although most properties are let unfurnished. The right decision will depend on the property, the market, and the type of tenant you are hoping to attract.
Check you are allowed to rent out your property
Before you begin renting out a property, you need to check that you are allowed to do so.
If you have a residential mortgage, you may need consent from your lender or you may need to move to a buy-to-let mortgage. Your buildings insurance may also be affected, and standard home insurance is unlikely to be suitable once the property is let.
If the property is Leasehold, your lease may contain restrictions on subletting, so this must be checked carefully. If you are unsure, professional advice should be obtained before moving forward.
Landlord licensing
Licensing schemes for landlords are in operation in some parts of the UK. These are designed to improve property standards and management.
There are different types of licensing scheme, including:
Mandatory licensing — this applies to certain Houses in Multiple Occupation, commonly known as HMOs.
Selective licensing — some local councils require landlords in certain areas to apply for a licence, even for ordinary single-family rental homes.
Additional licensing — this can apply to some smaller HMOs that do not fall under mandatory licensing.
You should always check with the local council to see whether a licensing scheme applies to your property.
How much rent will my property achieve?
Knowing what rent to charge will depend on a number of factors, including the size, location and condition of the property, the facilities available, and the rental value of similar properties nearby.
Setting the rent too high can reduce interest and increase the risk of the property sitting empty. Setting it too low may reduce your return and make it more difficult to assess the level of demand accurately.
One of the most significant legal changes introduced this year is the end of rental bidding. Landlords and agents must advertise an asking rent and cannot encourage or accept offers above that advertised rent. This makes accurate pricing at the outset even more important.
By seeking advice from a knowledgeable local agent, you can set a realistic rental price that helps maximise your return while attracting suitable tenants.
Tax and National Insurance
Rental income usually counts as taxable income. Income tax is calculated on the profit you make as a landlord, so you will need to deduct allowable expenses first.
The amount of tax you pay will depend on your overall income, your tax band, whether the property is owned individually, jointly, or through a company, and your other financial circumstances.
You should always seek independent tax advice from an accountant or tax adviser before letting a property.
Legal changes in 2026
The private rental sector has seen major legal reform this year through the Renters’ Rights Act.
From 1 May 2026, Assured Shorthold Tenancies, commonly known as ASTs, have been abolished for most private rented homes in England. Existing ASTs have automatically become Assured Periodic Tenancies, and new private tenancies are now granted on a rolling periodic basis rather than as a fixed-term tenancy with a set end date.
Section 21 “no fault” notices have also ended. This means landlords can no longer use Section 21 to regain possession of a property. Instead, landlords must rely on specific legal grounds for possession, normally through the Section 8 process. These grounds include situations such as serious rent arrears, breach of tenancy, the landlord wishing to sell, or the landlord needing the property back for their own occupation.
Tenants now have greater security, while landlords still retain routes to regain possession where there is a valid legal reason. However, the process is more structured and it is vital that landlords follow the correct procedure.
Other important changes include:
Fixed-term assured tenancies have ended for most private lets.
Tenancies are now rolling periodic tenancies.
Tenants can generally end the tenancy by giving two months’ notice.
Rent increases during a tenancy are limited to once per year and must follow the correct process.
Landlords and agents cannot accept offers above the advertised rent.
Landlords cannot discriminate against prospective tenants because they receive benefits or have children.
Tenants have a stronger right to request a pet, and landlords cannot unreasonably refuse.
Landlords can usually only request a maximum of one month’s rent in advance.
Further changes are expected in later phases, including the introduction of a Private Rented Sector Ombudsman, a new private rented sector database, and the extension of the Decent Homes Standard to the private rental sector.
This makes professional guidance more important than ever.
What are the legal responsibilities for landlords?
Landlords have a wide range of legal responsibilities. These include, but are not limited to:
Gas safety
If the property has gas appliances, landlords must arrange an annual gas safety check by a Gas Safe registered engineer. A copy of the gas safety certificate must be provided to the tenant.
Electrical safety
The electrical installation must be inspected and tested at least every five years by a qualified person. Landlords must provide tenants with a copy of the Electrical Installation Condition Report, commonly known as an EICR.
Smoke and carbon monoxide alarms
Landlords must ensure that smoke alarms are installed on every storey of the property where there is living accommodation. Carbon monoxide alarms must also be provided where required, including in rooms with certain fixed combustion appliances.
Energy Performance Certificate
The property must have a valid Energy Performance Certificate before it is marketed for let. The property must also meet the current minimum energy efficiency requirements, unless a valid exemption applies.
Property condition and hazards
Landlords must ensure the property is safe and free from serious hazards. This includes matters such as damp, mould, electrical safety, heating, hot water, sanitation, structural issues and general repair.
Legionella
Landlords should assess the risk of legionella and ensure that reasonable steps are taken to manage any risk within the property.
Right to Rent checks
Right to Rent checks remain mandatory in England. Landlords and letting agents must check that a tenant has the legal right to rent before the tenancy begins. Failure to carry out the correct checks can lead to significant penalties.
Starting the tenancy
A written tenancy agreement should be provided and signed by both landlord and tenant. This is something Acres can arrange for you.
Following the legal changes introduced this year, tenancy agreements must now reflect the new periodic tenancy system rather than the old Assured Shorthold Tenancy structure. Any clauses must also be legally valid and up to date.
For example, if you require the tenant to maintain the garden or you have specific rules about smoking or pets, these should be clearly and fairly set out in the agreement. However, any term included must comply with current legislation.
Before the tenant moves in, landlords should ensure that all necessary repairs have been completed, appliances are working, safety checks are in place, and the tenant has been provided with the required information.
A full inventory is also essential. This should include detailed written descriptions, photographs and, where appropriate, video evidence of the property and any items included. The tenant should be given the opportunity to agree the inventory at the start of the tenancy.
Documents tenants must receive
Before or at the start of the tenancy, tenants must be provided with the relevant documents, which may include:
The Energy Performance Certificate.
The Gas Safety Certificate, where applicable.
The Electrical Installation Condition Report.
The current government renting guidance or information sheet required at the time.
Deposit protection information, where a deposit is taken.
A copy of the tenancy agreement or written tenancy information.
Ensuring the right documents are served at the right time is extremely important. Mistakes can create legal problems later, particularly if a landlord needs to regain possession of the property.
Protecting your tenant’s deposit
Landlords have a legal obligation to protect a tenant’s deposit in a government-approved tenancy deposit scheme.
The deposit must be protected correctly and the prescribed information must be provided to the tenant within the required timescale. A tenant cannot be asked to protect their own deposit.
At the end of the tenancy, the deposit should be returned to the tenant, less any agreed deductions for rent arrears, damage, cleaning, missing items or other legitimate costs.
Here at Acres, we can take care of this process for you as part of our letting service.
Landlord insurance
Landlords are strongly advised to take out specialist landlord insurance.
Standard home insurance is unlikely to provide suitable cover once a property is let. Landlord or buy-to-let insurance can include cover for matters such as public liability, damage, loss of rent, legal expenses, emergency assistance and, in some cases, rent guarantee.
The right policy will depend on the property, the type of tenancy and your own circumstances, so advice should be sought from a suitable insurance provider.
During the tenancy
Landlords are responsible for most repairs and maintenance within a rental property. This includes the structure and exterior of the building, heating, hot water, plumbing, sanitation and electrical wiring.
If you are managing the property yourself, you must be prepared to deal with tenant issues, maintenance enquiries and emergencies. It is sensible to have reliable tradespeople available and to keep accurate records of all repairs, inspections and communications.
Periodic property inspections should also be carried out to ensure the property is being looked after and to identify any maintenance issues at an early stage. Tenants must be given proper written notice before a visit, and their right to quiet enjoyment of the property must be respected.
What rights do landlords have to take back possession of their property?
This is one of the most important areas affected by the legal changes this year.
Section 21 “no fault” notices have ended for most private rented properties in England. Landlords can no longer simply bring a tenancy to an end without a legally recognised reason.
Instead, if a landlord needs to regain possession, they must rely on the relevant legal grounds under the Section 8 process. These grounds may include serious rent arrears, breach of tenancy, anti-social behaviour, the landlord wishing to sell, or the landlord or a close family member needing to move into the property.
The correct notice, grounds and procedure must be used. In many cases, if the tenant does not leave, a court order will still be required.
Because possession rules have changed significantly, landlords should always seek professional advice before taking steps to end a tenancy.
Balance your time and costs
It is possible to rent out your property yourself, and being a DIY landlord may appear to save money on agency fees. However, being a landlord is increasingly complex and time-consuming.
You need to understand legal compliance, safety requirements, tenant checks, deposit rules, rent increases, possession procedures, repairs, maintenance, inspections and dispute handling.
Using a trusted letting agent helps ensure that you attract suitable tenants, achieve the best possible rent, remain compliant, and have maintenance and tenant issues handled promptly and professionally.
What does a letting agent do for a landlord?
Put simply, a letting agent arranges the letting and management of the property on behalf of the landlord.
A good letting agent gives the landlord peace of mind when dealing with the property, the tenants, compliance and the day-to-day administration.
Letting agents offer expertise and knowledge in a range of areas. It is our job to understand the current market, advise on rental value, advertise the property effectively, find and reference suitable tenants, prepare the correct paperwork, and help ensure landlords remain compliant with the law.
Of course, there is a cost involved, but you cannot put a price on peace of mind. Knowing that your property is being professionally managed and your tenants are being properly looked after can make a significant difference.
Choosing a tenant
Landlords must comply with the law when choosing a tenant. It is unlawful to discriminate against anyone because of protected characteristics such as age, race, religion, disability, sex or sexual orientation.
Following the recent legal changes, landlords and agents must also be careful not to discriminate against prospective tenants because they have children or receive benefits.
Tenant selection should be based on fair, consistent and lawful criteria, including affordability, referencing and suitability for the property.
The benefits of using Acres Lettings
Time-saving
We handle all aspects of the rental process, including marketing, viewings, tenant enquiries, referencing, tenancy paperwork and, where instructed, full property management.
Expertise
Acres understands the local rental market, current legal obligations and how to price your property competitively and correctly.
Marketing
We advertise on major property portals, including Rightmove and OnTheMarket, as well as through our own website, social media and local marketing channels, helping maximise exposure to suitable tenants.
Tenant screening
We arrange comprehensive referencing and background checks to help reduce the risk of unsuitable tenants.
Legal compliance
We help landlords meet their legal obligations, including tenancy agreements, deposit protection, safety certificates and required tenant documentation.
Property management
We offer full management services, dealing with maintenance, rent collection, inspections, tenant communication and day-to-day issues.
Dispute resolution
If issues arise, we can help mediate between landlord and tenant and aim to resolve matters professionally and efficiently.
Peace of mind
By trusting Acres with the letting and management of your property, you can relax knowing that we will handle everything with care, professionalism and attention to detail.
Costs and options of using a letting agent
Click here to see our fees.
Our lettings services include:
Tenant-Find Only.
Tenant-Find and Rent Collection.
Full Management.
Additional services where required.
Using a letting agent is especially beneficial for landlords who are new to renting, live away from the property, have limited time, or simply want the reassurance of knowing that their investment is being professionally handled.
For further information, help, or to book a rental valuation, please contact our Lettings Manager, Hamad, and the Acres Lettings team on 0121 312 4997 or email This email address is being protected from spambots. You need JavaScript enabled to view it..
Alternatively, are you thinking of selling your property and want to know how much your home may be worth? You can get an instant valuation here.
If you are thinking of selling this summer, or would simply like to know what your home may be worth in the current market, our friendly local teams would be delighted to help.
Contact your nearest Acres office today for expert advice and a free market appraisal.
Are you thinking of selling your property and want to check how much your home is worth? You can get an Instant Valuation here.
If you would like to discuss selling your home, please get in touch with us This email address is being protected from spambots. You need JavaScript enabled to view it. or call any of our busy, helpful teams/offices:
Four Oaks 0121 323 3088
Sutton Coldfield 0121 321 2101
Walmley 0121 313 2888
Great Barr 0121 358 6222
Lettings 0121 312 4997
Thank you for reading this article, and your interest in Acres and our property for sale.
Nigel & Jayne Deekes – Acres Partners
Acres; proud to be family owned, managed, run and to have been serving the North Birmingham community for 34 years.
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