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| HPa project wins national award |
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Certainty & clarity required |
- Linden Homes appointed HP architects to work on the conversion of the former Invesco Perpetual offices in Henley.
- HPa obtained planning consent and produced detailed construction drawings for 46 luxury 1, 2 and 3 bedroom apartments.
- The Royal Apartments collection won 'Highly Commended' in the Evening Standard Awards (2010) category for Best Conversion.
- "HPa have designed the extension so sympathetically it looks as if it has always been there." Gary Taylor, Development Director – Linden Homes.
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- The planning and property industries will aid the economic recovery, but they will operate best in a climate of certainty.
- Regional Strategies have been abolished - decisions on housing supply will rest with local authorities.
- Before the election, the Government proposed matching the extra council tax on each new home for six years post-construction.
- Once the process is clarified, we’ll devise innovative ways to maximise commercial advantage.
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Stuart Simpkins, HP architects
stuart.simpkins@hp-architects.com
01344 753 213 |
David Lander - Managing Director Boyer Planning
davidlander@boyerplanning.co.uk
01344 758 551 |
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| Positive post-election signs |
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Strong sales & good visitor levels |
- New buyer and seller activity remains strong, with stock now 30% up from Q1.
- Home Information Packs (HIPs) have been scrapped – a move that has been widely welcomed.
- Our three new branches are performing ahead of expectations.
- A robust housing market is critical to economic recovery – so I'm confident the new coalition Government will not seek to negatively impact on it.
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- Following more site launches, Q2 has again provided good new stock to the market.
- Visitor levels are consistent, with a visitor-to-sales ratio at an average of 1:18.
- We've seen strong sales with buy-to-let investors, including off-plan sales.
- Many developers are bringing site releases forward, with an opportunity to achieve sales at enhanced values.
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Peter Coles, Managing Director
Residential Property
pcoles@romans.co.uk
01344 753 104 |
Kevin Ellis, Director
Romans New Homes
kellis@romans.co.uk
01344 753 112 |
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| May auction achieves 95% success |
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Capital Gains Tax rise expected |
- Our May auction saw the return of many investors, bidding confidently for vacant residential stock.
- 95% of lots were successfully sold, beating the national sales average by a long margin.
- Lots with market-led reserves achieved sales figures well above guide prices - in some cases, significantly higher.
- This may be a window of opportunity before the new Government’s expected cuts take effect.
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- There's speculation that Capital Gains Tax will rise to 40 or 50% in the Emergency Budget.
- Early signs show that investors aren’t panicking – property is a long term investment for most.
- Our advice is to wait and see - the tax level may be lower, and taper relief may be reintroduced to encourage landlords to hold properties for longer.
- The Government should tackle the housing shortage and encourage more investment to meet rental demand.
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Simon Clayton MNAVA Auctions Director
sclayton@romans.co.uk
01344 753 122 |
Peter Fuller FARLA Lettings Director
pfuller@romans.co.uk
01344 753 155 |
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Dilapidations protocol update |
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Launch of new mortgage lender |
- In recent times, dilapidations on leasehold properties have been increasingly influenced by the dilapidations protocol.
- This means all the parties must work effectively to manage and resolve dilapidation disputes in a fair and reasonable manner.
- Failure to follow the protocol could jeopardise a legitimate claim for damages.
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- Aldermore has entered the mortgage market via a select panel of intermediaries, of which flower IFA is one.
- This new lender does not credit score - useful for clients who have failed a credit score with a traditional lender.
- Aldermore allows County Court Judgements (CCJs) or mortgage defaults if over three years old.
- Maximum LTV ratios are 80% for residential mortgages and 75% for buy-to-let.
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Dan Lowery Director of Surveying
dlowery@romans.co.uk
020 8843 8210 |
Greg May, Director flower IFA
gmay@flowerifa.co.uk
01344 753 172 |
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