When and why should you have a commercial property valuation?

Having a property valuation is seen by many as an inconvenience and an unnecessary expense when they are actually the cornerstone of most property transactions. Whether you are preparing to take on a commercial lease, intending to sell your property or simply complete annual company accounts, here are six situations where an accurate, current valuation can be an invaluable document to have. Calculating Stamp Duty If you are purchasing your commercial property outright for £150,000 or more, the Inland Revenue will require Stamp Duty Land Tax (SDLT) to be paid. The exact amount of SDLT will depend on how much you actually pay, so having a valuation carried out before making an offer will help you make a more informed decision in regards to these extra expenses. Calculating end of lease repairs On the other hand, if you have chosen to lease your business premises, your landlord will inspect the...
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Six excellent reasons to get a commercial premises survey

Whether you are buying an industrial unit or simply planning to lease an office space, it can be prudent to have a commercial premises survey. Just as you wouldn’t commit to a residential property purchase without fully understanding the current condition of the building, you should never do it with a workspace. Here are six very good reasons why you need to invest in the services of a commercial premises surveyor. You don’t have the expertise to do it yourself Some business owners believe that it is enough to simply utilise their own knowledge of buildings and construction as they look around a potential premises. But even if you have building experience it’s worth noting that commercial premises are constructed from different materials from most properties. In short: you don’t know what you’re looking for. If you are going to make an informed decision then you are going to need...
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Government are going to debate the petition!

Good news -  I recently have heard from Matthew Moody, that the Government are going to debate the petition that many of you have signed. Bad news - it's NOT to reverse tax relief on mortgages its to Scrap plans forcing self employed & small business to do 4 tax returns yearly! The issue we have is that they've got to this figure in about 6 weeks - we are still lagging on 53000 signatures. Although more organisations are coming on board with this. Everyone needs to sign this petition to stop small landlords being targeted at the expense of big business and help spread the word. https://petition.parliament.uk/petitions/104880 Reverse the planned tax relief restriction on ‘individual’ landlords  
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1st October is D-Day for Letting Agents

So at last the Government has agreed that every letting agent in England and Wales must join an authorised consumer redress scheme to ensure tenants and leaseholders have a straightforward option to hold their agents to account.  The law comes into effect from 1st October 2014. Any agent that fails to join one of the three approved redress schemes, The Property Ombudsmen, Ombudsmen Services or The Property Redress Scheme, will face a fine of up to £5,000 from their local authority and could ultimately be closed down if they continue to breach their legal requirement to join such a scheme. After joining, the agent must comply with the schemes Ombudsman decision as failure to do so may result in the agent being removed from that scheme. This may then result in the agent being unable to join another Government authorised consumer redress scheme. By joining one of the schemes, the property professional confirms they will...
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5 Ways to Make a Rental Feel Like Home

If you live in a rental, it is easy to feel like it’s not really your home. But unless you really do plan on moving out in two months, then it is well worth investing a little time and a little money into making it feel like it is. Here are our tips for making your rental look like it belongs to someone. Clean If you can, clean everything before you start unpacking or get settled. A good, deep clean will work wonders. Whether you hire professionals to give your new place a deep clean or you tackle it yourself, a nice clean apartment or house will make you feel like it’s a clean slate and a fresh start. Make sure that your carpets or hard floors are cleaned really well, and your walls are given a wipe over too (if they aren’t wallpaper). Paint! While you might instantly think...
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The Buy to Let Process for First-Time Investors

If you have never invested in property before but you’re interested in the process and would like to learn more; now’s your chance. When it comes to finding the right property, financing the investment and finding good tenants, there’s a lot to learn, but if you’re passionate about property and you’re dedicated to your investment, you should be able to learn everything you need to learn in not too long of a time, and then you can begin your journey into your first investment. So, without further ado, here’s a comprehensive guide to buy to let for first-time investors.
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Households in Neighbourhood Watch Areas More Desirable to Buyers

New research* reveals that 27% of the nation, would ‘prefer to buy a property signed up to a Neighbourhood Watch scheme, or Home Watch network’. This trend is most prevalent among those living in the South West, where over a third, 34%, agree they’d prefer a property that was part of the movement.
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The Advantages of Renting Serviced Vs Conventional Commercial Property

The differences between conventional commercial properties and serviced commercial properties are quite simple. The former refers to a straightforward commercial lease, by which a company obtains sole rental use of the property. The latter refers to lease agreement in which a company rents a commercial space that is provided along with extra amenities, such as secretarial or postage services. Serviced commercial properties are usually (but not always) a part of a larger commercial complex, such as an office block.
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The Property Ombudsman launches Code of Practice for newly-formed The National Association of Property Buyers

Some of the UK’s largest and best-known property buying companies have collaborated with the Property Ombudsman (TPO) to create a new Code of Practice to address the issues raised in the Office of Fair Trading’s (OFT) market study into the ‘Quick House Sale’ sector.
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Do Green energy features affect house hunting?

36% of people state that the presence of green energy features would positively affect their decision when house hunting.
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Property trends revealed in Rightmoves Little Blue Book

  Rightmove has just released the second edition of its Little Blue Book, providing some interesting property investment market insights and previously unseen data about the UK housing market. Leading with the headline ‘The recovery has taken hold’, the book attempts to break down the various aspects of the housing market, from new property supply to mortgage approvals, help to buy to consumer confidence. At over 30 pages long there’s a lot to digest, but the key headline are as follows: Transaction in Q3 2013 were 21% up in both England and Wales compared to Q3 2012. A property with an asking price of £170,000 in 2003 would have an asking price today of £235,983 just as a result of inflation. In real terms, the average asking price in England and Wales is just 4% higher than it was in 2003. In the nine months to September 2013, the monthly rate...
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Property Predictions for 2014

With 2013 becoming a distant memory we find ourselves facing 2014 pondering the changes that will occur in the property market.   Nick Carlile, Managing Director, Platinum Portfolio Builder (PPB), would like to share his predictions for the year ahead when considering UK Residential Property Investment He focuses on the key issues that concern any investors or those contemplating a move into property, which are: Price Price is always at the forefront of any investor’s mind and the subject which generates the most debate! Nicks predictions for this year are that prices in London will begin to slow down (albeit there will be some level of growth) and other areas around the UK will instead experience greater levels of growth. Geographical Areas Nick believes, that for the best investments in 2014 (which provide greater discounts, double digit yields and a good income) the best strategy is to focus further North on...
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We talk to Bruce Bishop, author of the US Best Seller "The Rich Revolution"

How many entrepreneurs and business experts do you know who have dyslexia? Richard Branson, Alan Sugar, Steve Jobs… well it’s time to add another name to the list! Bruce Bishop, the author of ‘The Rich Revolution’. His mission is to empower people through independent financial freedom. As property investors we are also interested in wealth creation and personal development. So were always on the look out for new books in that field.  Therefore we were very pleased to have the pleasure of talking to Bruce to find out what inspired him to write "The Rich Revolution". This is what we found out...  He began his working life as a laborer in the building industry having left school with a handful of very mediocre qualifications, due to his struggle with dyslexia. In his early 20’s when most people his age were listening to their favourite music on the radio, Bruce was...
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Under-35s flocking to rental market

There is huge potential for landlords looking to target the under-35s, as an increasing number of young professionals are choosing to rent property rather than buy.
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How to benefit from Purchase lease options in your area! 7 November 2013

We have a really interesting presentation with Stewart Hale from RentToBuy and Simon Zutshi who want to show you how to make money as a Rent to Buy Agent. 7th November 2013 2-5pm - London
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Top Tips For Preventing Troublesome Tenants

Being a landlord can be a really rewarding profession but all of a sudden, when you least expect it, things can change. Nothing is worse than a bad tenant. Whether your tenant isn’t looking after your property or constantly not paying on time, the experience can really make a landlord’s life miserable. Once somebody has taken up residence in your property, it can be a costly and time-consuming process to have him or her removed.
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Why not become a property educator yourself?

In a post-credit crunch, post-recession world, property has fallen out of favour for many people and they have forgotten what a great investment it can be. Seize this opportunity to educate them about how things are now, and how they can capitalise on that. It might be that up until now, you’ve only thought about investing in property, but there is a great deal of money to be made in educating others in how to do that. With an increase in house prices of 6% to June this year (Halifax) and a predicted recovery in the economy over the next two years (PriceWaterhouseCoopers) now is the time to start educating people in how they can make money in the property niche. If you are not already speaking about property, what’s stopping you? If you already use speaking as part of your marketing mix, are you seeing good conversions from it?...
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Confidence is Key!

At last there is a feeling of hopefulness returning to the UK economy generally and more specifically the UK property market, and the economy at large. After years in the doldrums property is once again a hot topic. Gone are the downbeat messages of negative equity and repossessions, instead the papers are filled with positive headlines. We are instead more likely to read about increasing house prices and growing availability of finance with many speculating that we are now heading into a more prosperous period. This looks set to become a growing trend and we will see an increasing number of these news stories in the media over the forthcoming months.
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CAPITAL CITIES - THE NEXT BIG THING IN OVERSEAS PROPERTY

Capital cities are the rising stars of luxury residential real estate, offering promising investment prospects for those investing in overseas property in 2014”, predicts Laura Henderson, editor of essential guide to luxury resort property, Abode2.com.
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Property resources for you this month

As most of you have probably realised from our newsletters, most of the property meetings around the UK take a break in the summer including all the pin meetings, so please don’t turn up to your usual property meeting venue as you might well be on your own! However, to help keep you motivated and the momentum going through the summer we would like to tell you about pin Academy and the four exclusive webinars they are holding this month for their pin Academy members. We are members of pin Academy and its an excellent resource as well as all the extra benefits that you receive.
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