Taylor & Co Property in Abergavenny

Are you wondering if you can market your property for sale or let in the lockdown? Can buyers or tenants view properties? Can you travel across tiers or regions?

For answers to all these questions, watch Kate's latest update click here for all the help and guidance that you may need. If you still have any questions, just get in touch.

Seasons Greetings from the team at Taylor & Co.  Our warmest wishes for the festive season, we have enjoyed being of service to our community this year and we're looking forward to a healthy New Year in 2021.

The completion stage on your new home is done and dusted, and now you just can’t wait to move house, right?  Moving house is commonly referred to as one of the most stressful things you will do - but it doesn’t have to be! We are firm believers in helping our clients to enjoy their house move, so we have put together a few tips to remove the stress from your moving experience. Let’s get started here.

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.
Contact us for further advice or you can read the announcement in full here.
 

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.

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