Latest news and views from Ryder & Dutton

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Welcome to the latest edition of the Ryder & Dutton newsletter!

We have some great things to share with you this month, including a run down on what has been a fantastic month for our Commercial team here at Ryder & Dutton. Also we bring you the latest news for Landlords regarding the new HMO legislation, and the ins and outs of the logistics behind transferring a mortgage. 

In this month's edition you will also find information about our New Homes departments 'Home of the Week' and also we bring you a some top tips for seasonal repairs after one of the hottest summers ever recorded! 

Plus as always we have our latest properties for you to view down at the end of this newsletter.

Thank you for taking the time to read our newsletter, we hope you enjoy the articles and stories featured


Ryder & Dutton

Huge Success For Our Commercial Team Throughout September!

At Ryder & Dutton, we have a specialised Commercial Agency team who are friendly, approachable and experienced, headed up by Commercial Director James Roberts, Commercial Manager Verity Ellidge and Commercial Assistant Lucy Hutchinson.
September has proven to be a fantastic month for the commercial team here at Ryder & Dutton, with a number of completions taking place throughout the past few weeks...
Medtia House, Brunswick Street, Oldham

The Commercial department recently completed another letting in Oldham town centre to North Lancashire Training Group at Medtia House, Brunswick Street which is a substantial two storey detached office building. This is also one of the largest office transactions completed within the town centre in the entirety of 2018!


Verity Ellidge, Commercial Manager, comments- “It has been a pleasure working with both our client and North Lancashire Training over the past few months and assisting them in getting the centre up and running as quickly as possible. It is absolutely fantastic to see a such an amazing transformation internally that now provides a clean, modern training centre for pupils in a central location, all of which has been completed within a short space of time and I am confident that our client is equally as pleased with the results.”






The Freemasons, 17 Market Place, Heywood


The commercial department have finally completed on what has been a tough sale in the town centre of Heywood, but after much perserverance and dedication the team have managed to conclude the deal this month and are already offering marketing advice to a number of new clients in the area.


The former public house, The Freemasons, attracted a significant amount of interest being centrally located and offering the potential for a number of alternative uses, we are looking forward to sharing with you the transformations that take place in the property over the coming months!





23-25 Booth Street, Ashton-Under-Lyne


September saw completion day for this double fronted town centre office premises on Booth Street. The property located in Ashton-Under-Lyne received a large amount of interest from the very first point of our team marketing it. Our buyer can not wait to start their new project converting the former offices into brand new apartments, which will soon provide a great return for the investors once fully tenanted!






20 Norfolk Street, Glossop


This well presented ground floor retail unit in the town centre of Glossop was presented to the market earlier in the year and within the space of a month a letting was all agreed. The commercial team were also able to expedite an RICS Retail Lease to enable the ingoing tenant to get their business up and running within a matter of weeks!






If you would like to discuss your commercial requirements in more detail, would like any further information in relation to any of the subject matters we have discussed throughout this article or simply want to find out more about commercial properties and the opportunity they bring, then please contact our commercial department on 0161 925 3232 today and they will be happy to assist with any queries or questions you may have. You can also view our current commercial properties available right HERE!



Landlords, are you ready for the new HMO legislation?<span id="ctl00_MainContentHolder_m_contentsLabel" class="articleContents" style="font-weight: bold;"></span>

New HMO legislation due to come into effect on 1st October could apply to around 177,000 properties according to the Residential Landlords Association.

Alternative financial solutions may need to be found by several Buy to Let (BTL) landlords who own or wish to purchase such properties, so it is important to know how these changes will affect them.

This new legislation comes after a series of challenges faced by the BTL market over the past couple of years, including the 3% stamp duty on all second homes and BTL properties in 2016 and the phasing out of tax relief on mortgage interest over four years to 2021; at which point it will be replaced with a flat 20% tax credit. In addition, the Bank of England expressed concern that Buy to Let posed a “systemic” risk to the economy and forced lenders to impose stricter borrowing criteria on landlords from September 2017. With these already present challenges, it is important that landlords understand this latest update to the HMO regulations and what it could mean for them.

Current regulation only enforces mandatory licensing on HMOs of at least three storeys and five occupants comprising of two or more family units. The new legislation brings smaller HMOs within the scheme and extends to a wide range of properties which were previously unaffected by mandatory licensing, such as certain flats above high street shops and small blocks of flats which are not connected to commercial premises. The importance of understanding these new regulations are highlighted by consequences of those who fail to submit an application by 1st October; a possible prosecution or penalties of up to &30,000 per offence.

Along with extending the scope of mandatory licensing for HMO’s, the new regulations include specific measurements for minimum room sizes being standardised across all councils. Minimum room sizes in HMOs are consistently being monitored, however this standardisation is another factor that HMO landlords need to be aware of.

Whilst HMOs remain a popular investment, it is important to stay knowledgeable about the changes coming into force to ensure you don’t encounter problems as a result of the October deadline. If you are looking to refinance your existing property or purchase an addition to your portfolio, ask a specialist BTL mortgage intermediary to outline the range of specialist BTL lenders that offer mortgages on HMOs.
Article sourced via

Our Home of the Week and More From our New Homes Department...

Our New Homes department bring to you some exciting plots this month, as well as our Home of the Week...

Plot 30 Boundary Park, 50 Furtherwood Road, Oldham

Plot 30 Boundary Park is this weeks Home of the Week! If you reserve on this plot before the end of October you will receive FREE carpets throughout the property!
These superb Eco-friendly semi-detached/townhouses, are ideal for those looking for a brand new home close to the Chadderton, Royton and Oldham boarders, constructed by LABC award winning developers Holroy Homes Ltd. Holroy is a family run business and have built almost exclusively within the Oldham area. Their previous developments have won national awards for building excellence and Boundary Park has been built with the same attention to detail.

The Birkdale house type is a 3 bedroom home comprising lounge, wc and kitchen/dining to the ground floor. To the first floor are 3 bedrooms (master with en-suite) and main bathroom. Externally is driveway parking and gardens to front and rear.

Wall Hill View, Wall Hill Road, Dobcross, 

Wall Hill is a small, private new development of stylish 4/5 bedroom detached homes finished in tumbled stone in a traditional design with a spacious contemporary layout finished to a high specification.

Situated in a quiet location in the pretty village of Dobcross, in the heart of Saddleworth, the properties have far reaching views to the front elevation and south facing gardens to the rear. The centre of Uppermill is less than a mile away and offers a vast range of amenities including many independent shops, restaurants, coffee shops and numerous tourist attractions.

The Brookdale, Failsworth - Help to Buy is available, buy now with only a 5% deposit! 

The next phase, phase 2, at Brookdale Mews is now available! Brookdale Mews is a brand new development of four bedroom homes, perfect for first time buyers and growing families.
Each home is finished to superb specification, and come complete with contemporary kitchens with integrated oven, hob, extractor fan and microwave included as standard. Bathrooms, en-suites and ground floor cloaks feature modern wall panels. 
Phase 2 consists of plots 7-10, which are four bedroom three storey homes. From the entrance hall there is a living room, separate kitchen/dining area and WC to the ground floor. To the first floor there are 3 bedrooms and a family bathroom. The master bedroom is on the second floor along with an en-suite. 

For more information on any of the above, or to simply find out more about new homes and the opportunities they bring, call our Land & New Homes Department on 0161 925 3235 or email Also you can visit our website HERE and see all of our new home developments currently available...

The 'Ins & Outs' of Transferring a Mortgage

Can I move the mortgage to a family member? Can I transfer my mortgage to my children? These are questions that are often asked when people think of transferring or moving their mortgage. For lenders, transferring a mortgage means to move your mortgage to a different property - also known as ‘porting a mortgage’. But you may also be thinking about transferring your mortgage to another person instead.

Why transfer your mortgage to another person?
Transferring mortgages between individuals can be complicated, and is not something you see often in the UK. However, if you’re considering adding or removing individuals on your mortgage, this is something that can be looked at.

There are many reasons for doing this. For example, you may want to:

Change from a single to joint mortgage
Move from a joint to single mortgage
Remove a borrower
These things should not increase the borrowed amount, but be aware that you may have to pay a fee for the transfer.

How transferring your equity to others works
When looking to transfer your mortgage, whether adding or removing someone, it is best to speak to your lender as the process may vary.

The process is often called ‘Transfer of Equity’, but may have various names, and will keep your house ownership the same, but will change the details of the borrowers on the property ownership. The Transfer of Equity process will be different depending on the individuals and their circumstances.

Transferring a mortgage to family or relatives
If you’re looking to move your entire mortgage to someone else, this is a different process from transferring equity and will take you off the ownership of the property.

Transferring your mortgage and property to a family member or relative while removing yourself from the mortgage, would typically take place as a sale or purchase. For example, if you and your partner wanted to transfer your mortgage and house to your children while removing yourself from the mortgage, this a separate process that would be completed with the support of your lender and solicitor.

Transferring your mortgage to your children, transferring your mortgage to a relative and transferring your mortgage to a parent all fall under this category. There are other exceptions, however.

Transferring solely your share of the mortgage
If you decide to transfer your share of the mortgage and property to a family member or relative while keeping the existing names on the mortgage, this will be a transfer of equity.

For example:

1. Mum and Dad are both on the mortgage for their property but want to include their children.
2. Dad moves his share of the mortgage to his children and removes himself from it.

This is considered a Transfer of Equity. Things such as, adding your children to your mortgage, transferring your mortgage from single to joint, or transferring to sole name would also all fall under this category.

For more information about mortgage advice please visit us HERE or call us on 0161 925 3255.

Top tips for landlords: Seasonal repairs

With record-breaking weather this summer and a heatwave to rival 1976, seasonal maintenance is a must for landlords this year.

Specialist Landlord Insurance provider, Just Landlords, has put together some top tips for property owners to help them fix small issues now, and prevent them becoming bigger – and more expensive – problems in the future.

By ticking off these jobs, your property will be in the best position possible to deal with the difficulties that both autumn and winter can pose:

Conduct a periodic inspection

The very first thing you should do, if you haven't already, is to undertake another periodic inspection of your property. These visits should be made every quarter for new tenancies, or bi-annually for those you feel confident in. Just Landlords' sister site, Landlord News, has a useful guide to help you effectively complete inspections.

After you have arranged a suitable time to meet your tenants at the property, make sure to check the conditions against the initial inventory report. This highlights any changes that either you or your tenants must make. Then, make sure you ask your tenants if they've noticed anything that needs dealing with; they may not want to email you about such issues, but feel they can raise them in person.

After making these checks, finish up with an inspection report that details what you and your tenant must complete before your next visit. This sets out your expectations as a landlord and informs the tenant of your commitment to maintaining the property.

Look out for damage caused by hot weather

We usually think of winter being the devil that destroys our homes, but summer can be equally as devastating on a property, especially with the sky-high temperatures we've recently experienced. On your property visits, it's wise to take extra care in looking out for damage caused by these extreme conditions.

Cases of subsidence, for example, are known to increase during hot, dry weather. This can drastically affect the state of your property, as it causes the foundations of the home to become unstable. Look out for new cracks in the walls, particularly around weak spots (doors and windows) or an extension.

At the same time, make sure that your landlord insurance covers you for subsidence, as its effects can be long-term.

Set your expectations for the garden

The garden, too, may be another area that has suffered at the hands of the sun in recent months. While it may just be a case of waiting for the rain to bring it back to life, your tenants must understand their responsibilities relating to gardening.

In your inspection report, make sure to include a section on the garden, stating the condition it is in and how it must be maintained before winter. It is essential that the grass, plants and shrubs are cut back before the cold weather arrives, to keep it looking clear and tidy.

An overgrown garden can invite unwanted pests to your premises, as well as making it difficult to get the property back to a lettable condition when your tenants move out. Inform them that you will be checking the state of the outside space on your next inspection.

Look at windows and doors

The summer provides a fantastic opportunity to do some work on the outside of your property, especially if your tenants are going on holiday and the home is empty. Two of the most prominent areas to focus on are the windows and doors.

You must ensure that they all open and close properly, while inspecting the window putty on the outside of glass panes. It's also a good idea to apply lubricating oil to hinges and replace any draught excluders that are worn out.

You may need to get a contractor in to complete some repairs, such as removing rotten wood, but this will be worth it in the long-run, as your property will be in the best condition possible to weather the winter storm.

Check your roof and chimney

If you're not comfortable with heights, you may also need to hire a contractor to complete a thorough check of your roof and chimney. Now is the perfect time to conduct this work.

A good tradesperson will clean any leaves or debris from the area and check for signs of cracking or leakage around roof flashings. You should also have any loose or fallen tiles replaced or fixed more firmly, to keep the roof strong over the winter.

Sorting out these minor issues will prevent larger problems forming during the cold weather, so it's worth arranging this work sooner, rather than later.

Take these opportunities to get outside and complete these seasonal maintenance tasks on your property – your tenants will definitely thank you, and so will your finances over the long-term.

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