Property Blog

25th May 2017

 

The shop was opened by a local, Joanna Virgin, in partnership with Polly Jaffé and Patrick Neale who have a thriving bookshop of the same name in Chipping Norton.  Joanna grew up in the Cotswolds and attended a local prep school, Kitebrook. Following university she worked at Waterstones and then at HarperCollins Publishers before going to work in the book trade in New York. Joanna returned to settle in the Cotswolds with her husband and children and taught at various schools in the... more

3rd May 2017

We are seeking an RICS qualified Senior Estate Manager for 1 day a week (est.) to lead the management of a significant mixed rural estate in north-west Oxfordshire with in-hand farm, let residential portfolio, managed woodlands, shoot and country house.

The position will involve dealing with key strategic and the more complex technical management matters, overseeing staff and being the key contact for the Estate owner.

The successful applicant will be fully supported by the... more

25th April 2017

In our news article dated 14th March 2017 we reported the Government’s plans to significantly increase Probate Fees, the principle of which has been highly criticised.  It was reported at the end of last week that those plans have now been abolished so from now on at least there won’t be any changes with Probate Fees remaining at £215 per application (with a reduction to £155 if solicitors are acting). "This is very welcome news" comments Richard Greasby, head of Butler Sherborn’s... more

6th April 2017

The valuation thresholds have reduced which means more properties will be caught by this tax net.

Like many of our farming and property owning clients, if you own a company that owns residential property in the UK then you have probably heard of ATED.  This is a tax charge that was introduced on the 1st April 2012 with tax payments based on the value of the properties owned.  When it was introduced it was only for properties in excess of £2.0 million however it now applies to properties worth more than £500,000.  The base date for values has been April 2012 (unless the property has been... more

4th April 2017

The London and Country Property Show

Promote your property effectivley in London at a dedicated Exibition in Chelsea, on Wednesday 10th May 2017 

21st March 2017

‘Having had a brilliant run at Lincoln in the Advanced Intermediate this weekend on Galley Light, Ben is all set for Badminton.’

Both Ben and his fiancée Sarah Parkes are entered for this years Mitsubishi Motors Badminton Horse Trials. This will be Ben's third time competing at the prestigious Cotswold event whilst it will be a debut for Sarah. Badminton is one of only 6 CCI 4* events in the world. As part of their preparation Ben and Sarah ran some of their top horses at Lincoln this weekend finishing in 2nd, 3rd and 4th in the AI, finishing close behind Kitty King and her Rio Olympics ride Ceylor Lan. Ben has... more

14th March 2017

The Ministry of Justice has recently confirmed how it would like to reform fees for the Grant of Probate.  Currently there is a flat fee system of £215 where there is a personal application or £155 for those applying through a solicitor.

The Government is proposing to introduce a banded system.  Estates below £50,000 will pay nothing.  A minimum fee of £300 applies for estates worth between £50,000 and £300,000 rising to a whopping £20,000 fee for estates worth over £2.0 million.  ... more

14th March 2017

 

The RICS/RAU rural land market survey has just been published for H2 2016 which points to a further softening in demand for farmland during that period.  Demand fell across both mixed use and commercial farmland sectors during the second half of 2016 largely as a result of uncertainty over Brexit and future subsidies as well as low commodity prices. The bare land opinion based survey suggests that values at the end of 2016 were an average of £8,625 per acre for arable land and £7,... more

10th March 2017

Five Festival Chances for the Butler Sherborn sponsored Ben Pauling Racing

HighBridge – Supreme Novice Hurdle, 2 miles Tuesday.

He has won his three starts over hurdles this season and is going there in great form. He appears to have plenty of speed so should travel well through the race. He also stays well which is important as they go very quickly in this race, especially as it is the first race of the whole meeting and the jockeys are normally a little over excited!

 

A Hare Breath – Arkle Novice Chase, 2 miles Tuesday.

He has a very... more

3rd March 2017

 

The Hedgerow and Boundary grant is individually worth up to £5,000 and is designed to help farmers improve farmland boundaries.

The application window for the £5 million scheme is now open and closes on 28 April 2017. 

Farmers can apply for a one-off grant towards the restoration of a range of traditional boundaries including hedgerows, dry stone walls, stone-faced banks and earth banks. Payment rates are fixed for each item. These include hedge-laying or coppicing,... more

2nd March 2017

 

Butler Sherborn’s expert property valuations move to a higher level, with evidence recently being given in the High Court, London.

Richard Greasby, who heads Butler Sherborn’s formal valuation work, undertakes a significant number of expert valuation cases, however most are settled without needing to go to Court.  Many valuers therefore do not have any Court experience.   "I have been fortunate to have previously gained experience by giving evidence in the County Court for... more

1st March 2017

Housing White Paper Aims to Deliver Growth

The government has launched last month its latest housing white paper;

'Fixing our Broken Housing Market'

The government believes that the lack of homes being built across the country has resulted in the sharp rise in house prices compared to average income.

Since the 1970’s, there has been an average of 160,000 homes built per year, with research suggesting the actual amount needed is in the region of 225,000 to 275,000 per year. Last year 190,000 new homes were... more

26th January 2017

Sensible pricing and being well prepared are key factors in ensuring a successful, smooth sale this year.

 

As we head into 2017, the property market is no different from any other sector.  There is inevitable uncertainty surrounding Brexit and things are going to be difficult to call, politically and economically. But whatever happens, life goes on.

The availability of good quality properties for sale will remain restricted - although we did see this beginning to ease towards the end of 2016 and now into 2017, and people will remain disinclined to pay more stamp duty than... more

25th January 2017

It is that time of year again, when weather bulletins report ‘it’s the coldest…; it’s the wettest…; it’s the whitest…'

 

With dipping temperatures across the UK, households are once again preparing their winter woollens and de-icer for their cars.  It is also important for home owners and tenants to efficiently heat their properties, to prevent damp, mould, cold draughts or other nasty issues.   With this, for some, comes the worry of cost implications, with ever spiralling energy bills. 

There are other ways to keep warm and your homes protected, whilst keeping the costs under control.  Here... more

20th January 2017

 

1. I am an Executor in an estate. Will I need Probate to sell the Property?

All assets which were held in the deceased’s sole name will be ‘frozen’ after death, until a Grant of Probate has been obtained.

The word Probate means ‘proving’, as it involves proving that the Will in the Executor’s possession is the last Will of the deceased.   Probate is an order of the Court officially granting the Executor the power to administer the estate. If the deceased did not leave... more

20th January 2017

The New Year marks the start of a new scheme year for Defra, the European Union and the Rural Payments Agency (RPA).

This means we start again with the Basic Payment Scheme (BPS), Countryside Stewardship, Cross Compliance, Nitrate Vulnerable Zones (NVZ) requirements – the list goes on.

With regulation changing annually and an ever increasing emphasis on ensuring claimants record and conform to all matters relating to cross compliance, now is the time to make sure everything is in order.

Butler Sherborn are offering a no obligation preliminary farm audit for claimants. This will further allow... more

5th December 2016

Butler Sherborn is pleased to announce that Jonathan Malings MRICS has joined the Rural Team based at their Cirencester Office.

Butler Sherborn is pleased to announce that Jonathan Malings MRICS has joined the Rural Team based at their Cirencester Office.  He joins Butler Sherborn from a national firm being based in the West Midland and has excellent local knowledge having grown up in the Cotswolds together with practical farming experience. Richard Greasby, Head of the Rural Department, comments:

"This expansion of the Rural Team is a direct response to an exciting growth in turnover over the last year... more

29th November 2016

Whilst Butler Sherborn enjoyed a 30% increase in turnover in 2015 we have exceeded that by a further 50% during 2016.

Valuation

Growth has been across all sectors but with Expert Witness valuations and inheritance tax succession planning showing greatest growth. We undertake professional valuation for all sorts of reasons, but here’s how it breaks down for the year.

Bank Security 28% Capital Gains Tax 24% Inheritance Tax/Probate 24% Divorce and Litigation 12% Stock Taking 6% Other 6%

This growth is founded on the time we take to understand what the client needs, working closely with their other... more

1st September 2016

The perfect chance to catch up over a cuppa and a slice of something delicious for a great cause - Macmillan Coffee Morning. Friday 30th September 10.00 a.m. - 12.00 noon. All welcome coffee, cakes and chatter!

Butler Sherborn are delighted to be hosting Macmillan Coffee Mornings in their Cirencester, Burford and Stow offices from 10.00-12 noon on Friday 30th September. Please do drop in and join us. Together we can make sure no one faces cancer alone.

 

 

 

1st September 2016

Additional 3% SDLT applies to “additional residential dwelling” purchased after 1st April 2016

This has caused concern and confusion and as a result some aspects of the rules have been further clarified as well as amendments to the Finance Bill having been made.

Three Areas that we think you should be aware of:

If an annexe or ancillary dwelling, within the grounds of a main dwelling being purchased, is capable of independent occupation but is “subsidiary to the main dwelling” then it will not qualify for the higher rate of SDLT.  For this to work, the part of the price... more

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