16th October 2020
• Some great Cotswold country properties on the market from £795,000 • Those thinking of selling in the Cotswolds encouraged not to delay
“Demand for country properties has been relentless since mid-May when the housing market was released from lockdown,” says Sam Butler, partner of Butler Sherborn, the Cotswolds Property Specialist. “Buyers from cities including London want to find somewhere in the countryside, particularly in and around the Cotswolds and Oxfordshire. They are looking for space, somewhere suitable for working from home, fresh air for a healthier lifestyle and access to good schools in the case of young... more
13th October 2020
The residential lettings market in the Cotswolds has been consistently healthy through the last decade.
The market has been underwritten by demand for weekend and holiday homes, as the picturesque area is only an hour and half from central London, and within easy reach of Birmingham, Coventry and Bristol.
Covid however has further fuelled demand, as people have become increasingly anxious to secure a bolthole in the country, away from the obvious Covid hot spots. In addition, they have found that working from home is entirely possible in this digital age. Many are renting with a view to... more
7th October 2020
The final (round 3) of the Countryside Productivity Small Grants Scheme (CPSG) is now open with £25 million available to help farmers improve their efficiency and benefit the environment.
This round allows farmers to apply for grants of between £3,000 and £12,000 to buy new and “innovative” equipment – from livestock monitoring cameras to precision farming technology – to help save time and money and so improve productivity (business efficiency).
Successful claimants under... more
21st September 2020
The chancellor's policy of the suspension of Stamp Duty, on the first £500,000 of all property sales in England and Northern Ireland, has helped boost house prices. August saw the highest monthly price rise in more than 16 years, according to the Nationwide. It describes the housing market recovery as "unexpectedly rapid".
What is stamp duty?
Stamp duty is a tax paid by people buying properties, although it varies slightly across the UK.
In England and Northern Ireland buyers pay Stamp Duty Land Tax.
In Scotland it is Land and Buildings Transaction Tax, while in Wales buyers pay Land Transaction Tax.
The amount handed to the government depends on where you are in the UK, and the price of the property.
The changes to stamp duty only apply to buyers in England and Northern... more
11th September 2020
It really has been a triple whammy of a harvest year.
Firstly, the unusually heavy rain in the autumn of 2019 meant that many farmers could not plant as much winter wheat as they usually would. A lot of what was planted then did not do well in waterlogged soil. February saw relentless rain, ending up being the wettest on record, which delayed spring planting.
The spring was very hot and dry (great for all of us on “Lock Down”) and this caused drought stress in many areas, making it hard for the crops to take up nutrients from the soil... more
10th September 2020
Four Cotswolds properties near good schools new on the market from £695,000 While schools going back for the first time in months might signal the return to a semblance of post-lockdown normality, the Cotswolds property market remains frenetic.
“The demand to move to the country continues unabated,” says Sam Butler of Butler Sherborn the Cotswolds property specialist, “with the proximity to good schools, the space to work from home, and good transport links to London high on the list of purchasers’ priorities.
“For those living in London and other large cities, there is always a point in life when you think about moving out, and that is typically when one has children, but I have never known such demand to move to the green... more
7th September 2020
The notice period for Landlords wishing to terminate a residential tenancy agreement at their property was reviewed in March as a result of the global pandemic.
The Coronavirus Act 2020 originally increased a landlord’s notice period to three months, from the statutory two months.
As of 29th August 2020, the standard notice period for an AST has been extended to six months.
If however any of the following circumstances apply there are slight variations to the notice period required:Where a notice is served on the grounds of rent arrears, if there are more than 6 months of arrears outstanding, the notice period will be four weeks... more
12th August 2020
Butler Sherborn launches five homes on the market from £675,000 to £2.8million
“Things have really taken off since lockdown, and there is a general sense of optimism here in the Cotswolds,” says Sam Butler of Butler Sherborn.
“We recently agreed the sale of a building plot in Chedworth that sold within four days of coming to market, while another property had over 55 viewings in two weeks!”
Overall viewings for the firm are up 53% (June & July 2020 vs June & July 2019), while people registering for property details are up 215% over the same period... more
7th August 2020
Gently through the summer, equestrian events, from racing, eventing and polo to Pony Club activities and Fun Rides, have begun to take place again.
These activities are all subject to Covid regulations of course and there are no spectators as such. It is a great relief to all competitors, owners, trainers and those in the industry that the horses are now able to compete and work in their respective disciplines.
Butler Sherborn’s Head of Equestrian Property, Ben Way of Team Way Eventing comments – ‘We were lucky enough to be able to keep all of our horses in work during the Lockdown period which allowed us to get going straight... more
1st August 2020
BPS 2021 – Greening to no longer apply
From 2021, the Basic Payment Scheme (BPS) application process is to become simplified as the government plans to end the need to comply with the EU-delivered ‘greening requirements’ and begins the move towards the new Environmental Land Management Scheme (ELMS). This means that for next year’s BPS application, applicants will not need to comply with crop diversification or Ecological Focus Area (EFA) requirements, resulting in what we hope to be a more straight forward and less onerous... more
10th July 2020
Chancellor Rishi Sunak has announced a Stamp Duty holiday, raising the level at which the tax becomes payable to £500,000. This means that you could now save several thousand pounds when purchasing your next home - making it the ideal time to buy.
On a property purchase of £500,000 or over, with the changes announced this week, you will save £15,000 in Stamp Duty costs.
Since the Chancellor’s announcement, Butler Sherborn has received an increase in enquiries, which have been directly attributable to this Stamp Duty Holiday.
Buyers will be keen to take advantage of this opportunity to save considerable sums on their purchase of a property.
7th July 2020
"MOVING TO THE COUNTRY IS BACK IN VOGUE, ESPECIALLY IN THE COTSWOLDS”, SAYS SAM BUTLER OF BUTLER SHERBORN
Five great homes launched on the Cotswold market from £680,000 - £5.8millionPost-lockdown market comment
“There is huge interest in the Cotswolds, particularly from city dwellers looking for rural properties - everything from quaint cottages, village houses and country homes, especially if there is a bit of space outside and there’s the ability to work from home with fast broadband,” says Sam Butler of Butler Sherborn, the Cotswolds property specialist.
Pindrup Moor Farm, Coln St Dennis - £5.8m
28th May 2020
From famine to feast is perhaps over-stating the case slightly, but it is certainly fair to say that we have had our hands very full in the last two weeks. Since the Prime Minister and Government elected to permit restricted movement (allowing our team to begin viewings and visits once more) we have been able to show properties again, albeit following strict distancing protocols and with everyone wearing the requested PPE.
This has been hugely welcome and much appreciated by... more
28th May 2020
On the 1st June 2019 the above Act came into force across England and introduced fundamental changes to the fees and charges that landlords, and/or letting agents, can seek to recover from a tenant.
Whilst the legislation applied to all new tenancies from 1st June 2019, it also includes all ongoing tenancies from the 1st June 2020.
What does this mean for your tenancy agreement that you have ongoing with your current tenant? In essence, the Act bans all... more
18th May 2020
The Electrical Safety Standards in the Private Rental Sector (England) Regulations 2020
In January 2020 the Government announced the above regulations were being passed through Parliament and we can now confirm that these will come into effect from 1st June 2020.
The regulations apply to all new tenancies created from 1st July 2020 and for all ongoing and existing tenancies from 1st April 2021. The requirements are that private landlords must ensure that the Electrical Safety Standards are met in a residential property, during a tenancy... more
13th May 2020
“A week is a long time in politics” – so is a day! In the morning yesterday the Housing Secretary tells us no easing on estate agency and in the afternoon the Health Secretary amends the Covid-19 regulations that allow buyers, tenants and agents to travel to visit houses!
Accordingly we are now able to organise viewings and market appraisals and, importantly buyers and tenants know that they are now allowed to come and see houses and to resume their moving plans. ... more
12th May 2020
These remain difficult times for all and we hope everyone is staying safe and well. We are very conscious of people’s livelihoods.
The Housing Secretary confirmed after the Prime Minister’s statement on Monday on Covid-19 that the restrictions placed on house selling and renting were not to be eased. We continue to follow Government guidelines, despite our eagerness to “get back to work” for our clients and staff.... more
6th May 2020
“Pick For Britain”
Only a third of the seasonal pickers from oversees have arrived in the UK. To help ensure the UK fruit and vegetable harvest goes ahead, the government has launched their new website pickforbritain.org.uk. Farm businesses are being encouraged to post their job vacancies to help recruit the 80,000 seasonal agricultural workers needed. The government hopes that this could create an opportunity for... more
30th April 2020
It is hugely difficult, during these unprecedented times, to be able to make accurate forecasts for the future of the property market. Indeed it is very hard indeed to predict what life itself will look like in even a month's time for us all, as we adapt to what will be fundamental changes to life and how we live it.
Despite this uncertainty, at Butler Sherborn we have been working very hard to build and maintain as much momentum as we can, in preparation for these next... more
27th April 2020
As COVID19 continues to challenge us, there is increasing acknowledgement that, when restrictions ease, life must resume as quickly as possible and in as many ways as it can. Schools will re-open, ease of movement will return and businesses - and lives - will resume their old and maybe new patterns. For a significant number of you, previously-paused plans may be restarted.
Once you have taken the decision to sell then this must be decisive. ... more