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Taxation changes on the horizon? There can be no doubt that the government needs to and will look to raise more tax in the next budget. Many rumours circulating regarding to changes to SDLT (stamp duty) from raising more from higher end properties, wealth taxes, mansion taxes and moving the burden of stamp duty from buyers to sellers. As often these rumours may come to nothing but as we move into the autumn, we will keep our followers updated with regards to developments and possible changes.

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Congratulations to Michelle Archer on 20 years at Aldreds! Friday will mark 20 years completed at Aldreds by Michelle Archer. Michelle originally joined us in 2005 in our Great Yarmouth sales department as Administrator before moving to our rental department approx. 12 years ago. Congratulations Michelle, enjoy your goodies and present and here is to the next 20 years!

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July Performer of the Month! Congratulations to Richard Harpley in our Lowestoft office who is the ‘Performer of the Month’ July! ‘Rick’ was an absolute rock in Lowestoft office through July and is nominated by Director Dan Crawley for excellent work updating and advising our sellers on the marketing of their properties and pricing strategies. He also topped the table with referrals into our partner mortgage advisors saving some of our clients thousands of pounds a year! Well done Rick!

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Another Interest Rate Cut! The Bank of England has just announced a 0.25% cut in the rate of interest meaning the base rate now sits at 4%. In a move which is good news for borrowers and house buyers, the bank hopes to further stimulate the economy and grow. Many lenders will have already built this expected cut in to their lending rates, however, a trend of falling interest rates can only be a good thing for the housing market and the economy in general

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50% of properties that go to market never complete! It is a surprising fact to most house sellers that around 50% of properties listed to the market never complete a sale. Around 70% go sold (stc) but some 20% of these will fall through and be withdrawn for various reasons. 30% never find a buyer at all. These statistics reflect the importance of two things. Firstly, it is important that properties are priced well when they hit the market. Urgency and the most interest happens when a property is first listed and this can often be the best time to secure a sale at the best price. Although reductions and fresh marketing can help get eyes back on your property it will never have as much activity as it does in the first few days of marketing. Also choose your agent carefully and consider if they have the local knowledge and experience to guide you through the transaction. Secondly, once a sale is agreed be sure to appoint a solicitor who is knowledgeable and preferably local to you or the property as this may help the transaction go smoothly. It is also likely they will have a working relationship with the agent selling and by working together they can help progress your property transaction.
  1. Milestone in Aldreds Lettings
  2. Rightmove Charity Golf Day
  3. New Starters in Great Yarmouth office
  4. Haven Rotary Club Annual Charity Duck Race!