Proposed Changes will affect acquisitions of English residential property by non-UK resident purchasers, be they individuals, companies, trusts or partnerships.
The proposed surcharge of 2% will apply on top of existing SDLT rates, including the higher rates on additional dwellings, from April 1st 2021.
The surcharge remains subject to Parliamentary approval. The objective is to make house prices more affordable and help people to get onto and move up the housing ladder.
We have been advised that “as levels of the Virus continue to escalate and in an effort to control it locally.”
Thames Valley Police and partners RBWM Borough Council will “be increasing enforcement for breaches of the Government’s Covid regulations”
Help by – Washing your Hands – Keeping your Distance – Wearing a mask.
“If you see breaches of Covid legislation, please call 101 or the more recommended route, of using the webform on the TVP website.
As we approach 7 months after the country went into lock down, which did ease, bit by bit through the summer, we continue to see a trend of people looking to rent or buy in the area, moving out of London and its suburbs in search of , better value, more space both inside and out and quality of life.
The pandemic has for many has meant working from home, Giving the opportunity to in-part redress the work-life balance. With 5-day a week commuting now a memory, a longer journey a day or two a week if required, doesn’t seem a problem. The new commute is now often just a trip to another room.
Properties in the area offering value and space are increasingly popular. Now is a good time to make the move.
Renting or Buying – Letting or Selling
Call us for local insight and free valuations.
The Chancellor has confirmed that the first £500,000 of property value will until 31st March be exempt from Stamp Duty. Giving a saving of very close to £15,000 on sale price of £500,000..
This saving will apply to properties in excess of £500,000 .
Different rates apply where purchasing a second property!
As we begin to find a new normal, we have noticed a significant increase in enquiries for rental properties with personal outside space, be it garden, terrace or courtyard along with request for secure bike storage. Lockdown appears to have given prospective tenants an appreciation of being outside.
Although we have been operating remotely during the lockdown, one member of the team has been in our offices on a daily basis to take care of things directly.
We are pleased the government has given permissions for agents to open and we confirm that our office is open, please call in advance to advise you wish to visit our office.
We are abiding by the Government guidelines, and practising social distancing and regular sanitizing of surfaces and handles etc.
Viewings for rentals and sales are going ahead abiding by the guidelines.
We have already had a number of enquiries for new listings and expect this to increase over the coming week.
Stay Safe – Stay Alert.
Support Local Business!
CoronaVirus Covid-19 Update
We all continue our individual struggles to retain as much of a normal life as possible whilst abiding by the Government’s guidelines.
One of the many challenges is to retain discipline as complacency, boredom & frustration kicks in. Making contact with Friends and Family and chatting with them using video call technologies, helps.
We continue to operate all sectors of the business. With our existing rental and management side of the business running well, and our approved trades, responding to urgent requests in a timely and safe manner, adhering to government guidelines.
We are handling New Sales & Letting enquires, for the most part with live video tours with a member of our team walking through empty properties, with questions from prospective tenants and purchasers.
When the Government does release the industry from lock-down, we do anticipate a rush for new sales, and rentals.
Although we do not know when this will be, we are making provisions for a surge of interest and would suggest that if you are thinking of marketing your property for sale or rental, you contact us by phone of email to discuss how best to prepare the ground for the anticipated stampede of interest.
Above all look after yourself and loved ones – Phone a Friend -Keep Safe & abide by the Government Guidelines
We hope that you are managing to stay safe and sane and confirm that we are still operating our Sales and Rental business, albeit with reduced staffing, and social distancing, including video show-rounds and viewings.
If you are interested in one of our existing properties to rent or buy please contact our offices in the normal way. Or if you are considering bringing your property to the market for sale of rent, please talk to us, as we can get the ball rolling in order to ensure your property has maximum exposure to the new market in the next few months, again please contact us in the usual.
There is no doubt some landlords and tenants are suffering financially, along with the many other challenges that this GLOBAL situation brings. However there is help out there, with Government schemes, and with some tolerance by all parties. We can get through this and come out the other side.
Please Take Care- Stay Safe
Following confirmation by the Prime Minister this afternoon that new legislation will be brought forward to protect private renters from eviction, the government has announced that new evictions for those in social or rented accommodation will be suspended for the duration of the crisis.
The new laws state that landlords will not be able to start proceedings to evict tenants for at least three months.
The government has also announced that landlords whose tenants are experiencing financial difficulties due to the outbreak will be able to take advantage of the recently declared three-month ‘mortgage holiday’.
Landlords and tenants are expected to work together on affordable repayment plans which will have to take into consideration individual circumstances.
The Housing Secretary Robert Jenrick said: “The government is clear – no renter who has lost income due to coronavirus will be forced out of their home, nor will any landlord face unmanageable debts.
“These are extraordinary times and renters and landlords alike are of course worried about paying their rent and mortgage. Which is why we are urgently introducing emergency legislation to protect tenants in social and private accommodation from an eviction process being started.
“These changes will protect all renters and private landlords ensuring everyone gets the support they need at this very difficult time.”
Source : Property Reporter (relating to announcement on 18/3/20
We wish to re-assure our Clients, Tradespeople, Tenants & Suppliers that
No Staff or Directors at our Sunninghill Offices have any symptoms relating to Covid-19.
Our office remains open
We continue to take precautions in line with Government advice and are additionally, frequently sanitizing contact surfaces in our office.
We would however suggest that unless you physically need to attend our office during this time, all communication is via phone or email.
We are also reducing, where possible and practical hard copy (postal) communication in order to reduce possible transmission through this medium.
Should things escalate and it becomes necessary or compulsory to self-isolate, we can implement process’ we have in place to ensure it can be ‘business as near normal ‘as possible.
Most importantly, we hope you and your loved ones remain safe during these challenging times and that we can all overcome the impact of this Global Virus and remain/recover full health.
As a long established Sunninghill business, we are happy to help local residents.
If you are a Sunninghill Resident and are suffering from the Covid-19 Virus or are self-isolating and need shopping/items delivered etc.
Please call our office 01344 874300 and we will do what we can to help.