Property. 100 Days since Lockdown.

By Simon Joyce. With only around 1 in 5 house sellers actually selling their home in the last month, sellers and buyers will need to continue to be pragmatic if the surprisingly strong current levels of activity in our local property market are to be sustained. To start, we had the once in a lifetime […]

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Moving Back In with Mum and Dad…

By Daren Cope. Roll the clock back 20 years or so and any self-respecting late 20’s / early 30’s something would never say on their first date that they lived with their mum and dad! It was seen as a sign of immaturity being tied to your mother’s apron strings with as a failure to […]

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The Stamp Duty Holiday Bonanza!

By Jane Mason. On the 8th of July 2020, the Chancellor announced the first £500,000 of any property bought was exempt from Stamp Duty until 31st March 2021. This also included buy to let landlords – although they would still need to pay the additional 3% stamp duty level for second properties. Talking to many homeowners, […]

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‘NIMBYism’ is Dead! Long Live the Planning Changes

The 1st July 1948 heralded a new dawn in how property was built, as the Town & Country Planning Act 1947 came into force, meaning no property could be built without the say so of the local authority. Now, Boris Johnson has announced a substantial change to that, by in effect, ending planning permission. The […]

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A Coronavirus Tax Bill for OAP’s?

As Financial Director of Professional Properties, it was only right that I wrote this particular piece! The Government is on track to borrow £400 billion because of Coronavirus and that needs to be paid back at some stage. Last year alone, before Coronavirus, the Government brought in £824 billion in taxes whilst they spent £887 […]

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What’s Next for the Local Property Market

There is no doubt that Coronavirus will affect the Derby and Burton Property Market, but just how? The ensuing economic challenges are going to impact the UK property market, yet no one knows the real answer. The newspapers eulogise different opinions, but that’s all they are, opinions and everybody’s got a different one! The truth […]

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£5000 for Every Landlord and Homeowner

The Chancellor announced on Wednesday 8th July in his mini Budget some interesting news for all homeowners and landlords. Rishi Sunak is going to give ‘The Green Homes Grant’ of up to £5,000 to cover two-thirds of the costs of environmentally friendly upgrades to your property, with the homeowner covering the other third. There are […]

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Derby Property Owners set to Save Over £5,000,000 in Stamp Duty

The British are infatuated with owning their own property and don’t politicians know it. Margaret Thatcher used it as a vote winner in 1979 when she allowed council house tenants to buy their own home. Coming to the present day, Boris Johnson’s Conservative government have anxieties that the Brits have not been buying nearly enough […]

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A Decade in the Life of the Burton Property Market

One of my Burton landlords contacted me last week from Stapenhill, after he had spoken to a landlord friend of his from Winshill. He told me they were deliberating the Burton property market and neither of them could make their mind up if it was time to either sell or buy property following Covid-19. His […]

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Derby Post Lockdown Property; 6 Weeks In

From talking to most of the Derby estate and letting agents and our own findings, it might surprise many of you that new enquiries from homebuyers, tenants, landlords and home sellers have been at record levels since lockdown was lifted from the property market in mid-May. There are a number of reasons for this. Firstly, […]

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