Unexpected Stamp Duty reform

Unexpected Stamp Duty Reform

The chancellor’s autumn statement included a surprise reform of the stamp duty system. From midnight anyone buying a property in the UK will face a new set of rules.

The original structure has been scrapped and from midnight (3rd December 2014) the tax will be applied like income tax.

There will still be no tax on purchases up to £125,000.


Above that there will be several bands:

• Between £125,001 and £250,000 the rate will be 2%

• Between £250,001 and £925,000 the rate will be 5%

• Between £925,001 and £1.5m the rate will be 10%

• Above £1.5m the rate will be 12%.


On a £180,000 house purchase there will be no tax to pay on the first £125,000, then 2% on the remaining £55,000, which is a total bill of £1,100, versus £1,800 before the changes.

On a £300,000 house purchase there would be no tax to pay on the first £125,000, then 2% on the next £125,000 (£2,500) and 5% on the last £50,000 (£2,500). That’s a total £5,000 compared with £9,000 under the previous system.

This is good news for anyone buying a house that costs less than £937,000, which represents 98% of households. Anyone spending more will face a higher

bill.

In my opinion this will benefit a huge amount of people looking to buy in Colchester, Clacton, Harwich, Braintree and Chelmsford.

Read :- Stamp duty reform

If you require further information contact More Estate Agents in Colchester on 01206 767673.

The month do far

The Month so far

We have been busy updating our website with local information on the areas we have branches in. It is always a time consuming process writing good content but we truly believe it will help people to make the right decision to move to the areas we operate in.

We love where we work and want to shout about it.

Heres a few photos we have taken:-


If you have any local pictures you would like to share with us get in touch, we would love to see them.

We have offices that are situated at the following locations:

More Estate Agent in Colchester

More Estate Agents in Clacton

More Estate Agents in Braintree

More Estate Agents in Chelmsford

More Estate Agents in Dovercourt

If you have any lifestyle photos we are interested to see them.
We will be running competitions thoughout 2015 for the best

pictures sent in.

If you know anyone who has a property for sale or a property to let get in contact we have a constent demand for all types of properties in the local area.

Don't forget we want your local comunity photos.

Raise money for your local sports club

Would you like to raise money for your local sports club?

Here at More Estate Agents in Colchester we are committed to helping local sports teams.

So if you know someone who is thinking of selling or letting their property why not refer them to More Estate Agents in Colchester and earn your club £200. The great thing is you can do this as many times as you like. 

To find out more go to :- Raise money for your local sports club

Thinking of marketing your property before Christmas ?

So you are thinking of selling but unsure what to do as Christmas is approaching ?

What do you do ?

Put your house up for sale now ?

Or wait until the New Year ?

It’s a question we get asked lots this time of year. Whilst most people are thinking about Christmas presents and Christmas dinner there are still plenty of serious buyers out there.

The problem with this time of year tends to be the supply of new properties to the market. This as a rule causes a market slow down.

Just because the weather is getting colder it doesn’t mean that people stop looking for that dream home. In fact as the nights are drawing in with the increased use of the internet more and more people are turning to the web to fill their time and guess what they are looking at ?

You got it  - Their next home!

In my opinion it’s a great time to be considering marketing your property, lets face it even if you don’t sell it before Christmas you will be ready for the New Year rush well before most have even considered getting a valuation.

For some great advice on whether to put your property on the market before Christmas check out this article – Why putting your property on the market before Christmas might be a good idea

This article is provided by your Estate Agents in Colchester.

Tips to letting a property in Colchester

Letting a property - by More Estate Agents Colchester

When letting a property in Colchester there are a number of factors that need to be taken into consideration to ensure that the process is trouble free.

Selecting a professional Estate Agent in Colchester to look after your needs is the first step. The choice should not be made lightly, make sure you do your research. 

Set out your priorities in advance. What do you want from your agent ? Is it :-

1) A speedy let ?

2) A professional service ?

3) Reasonable fees ?

4) Someone to manage your property or are you going to do this yourself ?

5) Expert advice ?

6) Someone with High Street offices ?

7) A quality referencing procedure ?

8) Rent, legal and condition guarantees ?

It could be any combination of the above and more. It will help if you have an idea of what you are looking for before contacting any agents.

Remember you are likely to have a long term relationship with the Estate Agent in Colchester you select, so picking the right one is essential. 

My advice is that picking an agent should not revolve around fees, just because they are the cheapest should not make them the first selection, not all agents provide the same level of service and you do get what you pay for. One mistake could easily cost you more than the fee difference between the cheapest and the most expensive.

Finding a good tenant should be the priority, so the referencing process is extremely important. Ask what the agent does to select the right tenant, then compare.

If your property is available now then using a good agent that can find a good quality tenant speedily can be worth paying extra for. Remember every day your property is empty the more money you are potentially losing.

Read 10 Top tips to letting a property for more helpful advice.

Five mistakes to avoid when selling a property

Selling a property with an Estate Agent in Colchester is as easy as it gets if you choose the right agent.

Getting the right mind set before going to market is key. The following article should help avoid the common mistakes that can occur.

Five mistakes to avoid when selling a property.

Getting the marketing price right before going to market is key, this takes research. When considering a price you need to look at what else is on the market already and more important what has sold.

Understanding your competition is vital in achieving the best price possible.

 

For Professional advice contact your local Colchester Estate Agent for a free valuation.

More Estate Agents in Colchester - 10 Top tips to selling your home

Top tips to selling your home

More Estate Agents in Colchester offers excellent advice on how to sell your propery.

To find out how to get the best price for your property contact them. It's free and there is no obligation to use their services.

What a great way to find out what your property is worth.

For all their top tips on selling your property read - 10 Top tips to selling your property.