September 28, 2016

All-time high for average residential rents in England and Wales

average residential rates

The average rent in England and Wales reached an all-time high of £846 in July, growing 5.2 per cent year on year, according the latest index. It would be logical to assume that this growth mostly occurred earlier in the year, before the Brexit decision. However, this is far from the truth; there was a […]

September 22, 2016

East Midland’s asking prices rise in September

east midland's asking prices

Asking prices across the UK increased by 0.7 per cent in September after falling two per cent in the previous two months according to the latest index figures. The Rightmove data revealed that seven of the ten UK regions recorded a rise in asking prices or a standstill. This is compared to eight of ten […]

September 21, 2016

Business Rates Review

business rates review

Business Rates are levied on business properties. Whilst they do not normally apply to farm properties, some rural property portfolios can include workshops, rural offices etc. which are liable for business rates. The Valuation Office Agency are updating the rateable value of all business properties – this will come into effect from 1st April 2017. In October 2016 the draft rateable values will […]

September 16, 2016

Where to look when buying to let

guide to buy to letting

There are many reasons why one would want to be a landlord. Provided you have found suitable tenants, and perhaps a managing agent, the amount of legwork done by yourself is fairly minimal. It can be a very appealing venture but what properties should you look for? Where should you buy? Landlords make money through […]

September 13, 2016

Charity begins at …

selling and leasing charity property

Rupert Harrison, Director in our Rural Department, explores the process of selling and leasing charity property. The Charity sector contributes significantly to social care and wellbeing and a specialist area of the Rural Department’s work is the management and sale of charity land. Our charity clients range from large institutions through to the small village charity which owns a single field. Whatever […]

September 10, 2016

Base rate to be cut again?

base rates property

A survey of 59 leading economists has predicted that the Bank of England will cut the base rate again in the coming months. The Bank of England decided to cut interest rates to a record low of 0.25 per cent from 0.5 in August, the first time it had been cut in seven years. The […]

September 6, 2016

Andrew Granger Rural team feature in RICS/RAU Land Survey report

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We’re pleased to announce that the Andrew Granger Rural team’s comments to the Royal Institution of Chartered Surveyors (RICS) and Royal Agricultural University (RAU) Land Survey have been published as part of the H1 2016 report. The RICS/RAU Rural Land Market Survey is a survey on demand, supply and prices in the farmland market. The […]

August 30, 2016

Inheritance Tax – The Residence Nil Rate Band

inheritance tax regulations

Ensuring that the family farm or estate can be successfully passed to the next generation is critical to many rural businesses. There has been a useful change in the inheritance tax rules which helps this process. Inheritance Tax (IHT) Inheritance tax (IHT) is levied on a taxpayer at their death, with the value of their estate calculated at the date of […]

August 23, 2016

First time buyers undeterred by Brexit

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As a whole, buyers in the UK were untroubled in the lead up to the EU referendum vote, according to the latest monthly report form the National Association of Estate Agents (NAEA). Demand for housing increased in June whilst the number of properties on the market and the amount of sales remained stable. In particular […]

August 23, 2016

Livestock Movement Regulations

livestock movement regulations

Keepers of cattle, sheep, goats and pigs will be relieved to hear that the regulations concerning livestock movements are being simplified. Defra announced that from 27 July 2016, they will be implementing these simplifications, and the changes are expected to be completed by summer 2017. New 10 mile rule Under this new rule, farmers will be allowed to […]