Latest Abergavenny news - Taylor & Co Property

Details: Published: 21 December 2020; Hits: 83

The Welsh Government have announced in their draft budget today changes to the higher residential rates, non-residential rates and bands, and confirmed the temporary increase to the nil rate band will end on 31 March 2021. That rate will revert to the original rates and starting threshold of £180,000 on 1 April 2021.

The higher residential rates of LTT will increase by one per cent across all bands on 22 December 2020. If the buying of a property is completed:

• before 22 December, the previous rates of tax are paid

• on or after 22 December the new rates apply

In most cases where contracts have already been exchanged, but not completed the previous rates will be able to be used. Paying LTT will not apply if the property is purchased for less than £250,000 (and no other property is owned).

Higher LTT rates are usually paid when both of the following apply:

a residential property is purchased worth £40,000 or more and the purchaser already owns one or more other properties.

Details: Published: 20 December 2020; Hits: 152

Mark Drakeford the First Minister for Wales announced yesterday (19th December) that as from midnight, all of Wales would be subject to Alert Level 4 restrictions. This means that all estate agent offices have to close to members of the public. Whilst our door is closed, our virtual door is always open. The Welsh Government have updated their guidance on moving home in Level 4, the full details of which can be found here. In brief, the guidance says:

Can I move home? Yes, if you can’t delay the moving date until after alert level 4 restrictions are lifted. Associated activities, for example, removals processes, property preparation, handover of keys, surveys and valuations can also take place in line with guidance on working in other people’s homes.

Can home viewings take place? We strongly advise that virtual viewings are used wherever possible, but viewings of properties can take place during alert level 4, however household mixing must be avoided during viewing.

Can a valuation or mortgage survey be done at my property? People responsible for valuing and surveying, such as estate agents, are not prohibited from entering people’s homes, as long as it is managed in a safe way and both the worker and household members are well and have no symptoms of coronavirus. However, we strongly advise that, wherever possible, such activity is deferred until alert level 4 restrictions are lifted.

For more detailed information, please get in touch.

Details: Published: 16 December 2020; Hits: 163

The First Minster has announced today that Wales will be placed in a Level 4 alert as from 28th December. At this stage no update has been provided on the impact this will have, if any, on the home moving process and whether agents are required to close their offices. The only information published is summary of activities applicable across the 4 tiers, which can be read here. For further information, please contact us directly.

Details: Published: 14 December 2020; Hits: 123

‘Tis the season to wrap up warm and count the days down to Christmas day. As we are spending more time in our homes, it’s more important than ever to create a cosy hideaway to bring us joy. Having more time in our homes means we can shake up our usual Christmas decorating routine and give some extra attention to creating a home of hygge. Read here for a little interiors inspiration for creating a warm and cosy home to enjoy over the festive season.

Details: Published: 10 December 2020; Hits: 142

The impact of the pandemic means the property sector continues to adapt and find innovative ways to market properties digitally. With this in mind, we have collaborated with The Guild of Property Professionals to launch a new product, Hooked, which uses data-driven Facebook advertising to find prospective buyers for all our properties. You can read more about this here.