As one of the largest selling agents in Leicestershire, we strongly believe in providing the highest quality of marketing with maximum coverage across our region for the benefit of our clients. We have an unrivalled presence in a number of regional newspapers across Leicestershire and Nottinghamshire and as our brand appeal broadens, we have decided to invest further in press marketing. Grantham Journal is particularly well read and provides superb coverage within Grantham itself and the surrounding area, we have enjoyed an increased level of property instructions to market in this area and we feel the time is right to increase our marketing presence particularly in this location. We have a great number of buyers registered who are particularly looking to purchase in this area, largely due to the historic architecture and appeal of the vernacular stone buildings, as well as the bustling town centre Grantham and its excellent train link to London, with many buyers registered coming from our Park Lane, London office. We are excited about the prospect of increasing advertising coverage for existing clients and helping new home sellers and purchasers to move on with their property plans.
Now that we have passed the halfway mark in the year, the property market is well and truly in full swing with buyers and sellers very active in the current marketplace. Buyers have an eye for a good property, paying strong prices for the very best houses in the most desirable areas. This success in various geographical pockets of the market has caused the market to move along at a rapid pace during 2018.
We urge potential sellers to be realistic when pricing their property if they wish to obtain a sale before Christmas. The strong property market has caused some estate agents and sellers to over estimate the likely sale price, causing many vendors to become disappointed with their properties languishing on the market at an otherwise busy time. It is vital you seek an expert opinion when pricing your property in order not to ‘over price’ but also to make sure you are obtaining the very best sale price, particularly if you live in a desirable location, the experts at Benton’s can help you achieve this.
Save the Children – Christmas Jumper Day 2017
Bentons Estate Agents are taking part in this year’s Christmas Jumper Day in aid of Save the Children Charity. The staff at Bentons based in Melton Mowbray will be donning their best and most outrageous Christmas Jumpers in aid of this superb charity!
Staff, clients, public, friends and family are invited to donate by texting the word TEAMBENTONS to 70050 to donate £5 to Save the Children. Further details can be found at www.Christmasjumperday.org
Bentons are proud to be supporting the St Mary’s Parish Church Christmas Tree Festival once again this year. This fantastic event is billed as the largest Christmas Tree Festival in the country with over 220 organisations taking part with over 1,340 Christmas trees! Bentons has been a leading Estate Agent in the town since 1972 and have been helping the people of Melton Mowbray move house in the town itself and around much of Leicestershire, Nottinghamshire and Rutland.
Mandy DiGioia, Sales Manager and Associate Director at Bentons commented “We are delighted to be having a Christmas Tree at this lovely event which attracts young and old alike, the team at Bentons are always enthusiastic when it comes to supporting local events and we look forward to seeing people there”
This year’s theme from Bentons is ‘Santa’s Magic Key’ where the tree will be decorated with Santa’s Magic keys, where children are invited to take a key from our tree (and a packet of Reindeer food!) and leave it outside for Santa on the big night! The festival runs from 1st December to 5th December 9am-5pm, Adults £2.00/Under 12’s Free.
The Chancellor has today responded to calls from Propertymark to exempt first time buyers in England from paying stamp duty on properties under £300,000.
Those buying a property between £300,000 and £500,000 will not pay stamp duty on the first £300,000.
Mark Hayward, Chief Executive, NAEA Propertymark said:
"The announcement today from the Government will have a positive impact on the market. It’s a smart move to ensure the dream of homeownership for young people can become a reality and will help buyers across the UK, including London and the South East where property prices are higher.
"We do however need to realise that this move will increase the demand for first time buyer properties and if we don’t have the supply it will push prices up. We have seen this in areas where Help to Buy is offered, as it attracts a great deal of interest from first time buyers.
"In terms of the Government’s plans to build 300,000 new homes a year, it is yet another pledge to increase the number of new homes created. While we welcome this news, we have historically had these announcements from Government to accelerate housebuilding which has not been delivered. It is not a question of ‘how many’, it’s a question of ‘how’."
While vowing to protect green belt land, other measures included an announcement that over the next five years the Government will commit a total of at least £44bn to capital funding, loans and guarantees to support the housing market - to deliver 300,000 net additional homes a year on average by the mid 2020s.
Other measures included committing an additional £1.5 billion to the Home Builders Fund to get SME housebuilders building again. £1.1bn was committed to unlocking strategic sites while a £630m fund will be introduced to help unstick the delivery of 40,000 homes at small sites.
£8bn of new financial guarantees to support private housebuilding and the purpose built private rented sector were announced and local authorities were given the power to charge 100% council tax premiums on empty properties.
The Chancellor focused on homelessness, announcing investment of £28m in three 'housing first' pilots.
HMRC has provided NAEA Propertymark members with a guide to the changes:
Relief for first time buyers
A relief for first time buyers of residential properties costing no more than £500,000. First time buyers will pay no Stamp Duty Land Tax (SDLT) on the first £300,000 of the purchase price, with the remainder being charged at 5%. No relief will be available where the total consideration exceeds £500,000.
The relief is not time limited and will apply to transactions with an effective date on or after 22 November 2017. Legislation will be introduced in the Finance Bill 2017 to 2018.
First time buyers can use the gov.co.uk/calculator to work out their STLD liability. To claim, relief code 32 should be entered at box 1.9 of SDLT return. If code 32 is entered on the online return, the return will calculate the tax due, except where the first time buyer is being granted a new lease. In such cases the gov.uk calculator should be used to work out the tax due.
Changes to the filing and payment process
Following the announcement at Spring Budget 2017, the SDLT filing and payment window reduction from 30 days to 14 days would be delayed until after April 2018. It has been confirmed that the changes will apply to land transactions with an effective date on or after 1 March 2019. Improvements are planned to the SDLT return which aim to make compliance with the new time limit easier. Legislation will be introduced in Finance Bill 2018 to 2019.
Minor amendments to higher rates of SDLT
Minor amendments to provide relief in certain cases including:
Additionally, legislation will be provided to prevent abuse of relief for replacement of a purchaser’s only or main residence by requiring the purchaser to dispose of the whole of their former main residence and to do so to someone who is not their spouse. The changes will apply from 22 November 2017. Legislation will be introduced in Finance Bill 2017 to 2018.
ATED: 2018 to 2019 annual chargeable amounts
The Annual Tax Enveloped Dwellings (ATED) annual charges will rise 3% from 1 April 2018 in line with the September 2017 Consumer Prices Index. A Treasury Order confirming the charges will be published shortly after Budget.
The new rates will be:
SD/SDRT/SDLT: Resolution of financial institutions
Legislation will be introduced in Finance Bill 2018 to 2019 to ensure that Stamp Duty, Stamp Duty Reserve Tax (SDRT) and Stamp Duty Land Tax (SDLT) are not chargeable twice on exercise of resolution powers under the UK special resolution regime for managing failing financial institutions.
The exemption will be limited to the temporary transfer of shares or land to a bridge entity and the transfer of shares in exchange for temporary certificates issued to creditors that identify their entitlement to the shares. This will simplify and strengthen the process of resolving a failed financial institution and help to ensure that the “no creditor worse off” principle is upheld. The change will have effect on and after Royal Assent of Finance Bill 2018 to 2019.
SDRT: 1.5% charge on the issue of shares
The Government will continue to not apply the Stamp Duty and Stamp Duty Reserve Tax (SDRT) 1.5% charge on the issue of shares (and transfers integral to capital raising) into overseas clearance services and depositary receipt issuers following the UK’s exit from the European Union.
Following a Court of Justice of the EU judgement in the case of HSBC Holdings PLC and Vidacos Nominee Ltd v Commissioners for HM Revenue & Customs (HMRC) (C569/07) and a subsequent First Tier Tribunal judgement in the case of HSBC Holdings PLC and the Bank of New York Mellon Corporation v Commissioners for HM Revenue & Customs  UKFTT 163 (TC), HMRC accepts that the charge is incompatible with the Capital Duty Directive.
Mark Hayward FNAEA
Chief Executive NAEA Propertymark
Credit for blog article: NAEA Propertymark
We’ve just returned from yet another educational and entertaining
Relocation Agent Network National Conference and Exhibition. The day was
jam-packed with top tips and recommendations to help us guide our buying and
selling customers through the housing market here in Leicestershire.
Taking place on 17 November at London’s Park Plaza Riverbank Hotel, we heard from a whole line-up of business experts: top business consultant and former Managing Director of Robert Half International, Jeff Grout; Hamish Taylor, founder of the Skills Exchange Network, which enables organisations to achieve innovations by looking outside their industry; and economist, Roger Martin-Fagg.
This year’s event saw a brand new format, with the introduction of speed sharing roundtables and workshops, each one hosted by an expert in their field. From lettings and compliance, to effective phone calls and employee engagement, the new format gave delegates the opportunity to choose the topics that they wanted to learn more about.
The event culminated in a black tie
Awards Dinner hosted by well-known comedian and TV presenter, Sue Perkins, who
presented awards to the night’s winning estate agents.
What does OUR Network membership mean to YOU?
The team at Relocation Agent Network search England, Scotland and Wales for estate agents to represent their Network. To be exclusively invited to join, we had to be Leicestershire's leading agent in quality of service, local knowledge and professionalism.
So Relocation Agent Network has chosen us, why wouldn’t you? Contact us today on 01664 563892
As the year draws into its final quarter, we reflect on the activity within the housing market both locally and nationally. Prices achieved on property has remained strong, this has been due to a lack of housing stock available and favourable mortgage rates still on offer. Homes in the very best locations, priced realistically have proved to be most popular. Asking prices continue to rise, albeit at a much slower rate, giving sellers the confidence to bring their property to the market. On average we have achieved around 98% of asking prices for our clients, with an average time to sell of less than a month.
For the coming year, we envisage a steady flow of new instructions coming to the market with sellers being aware of the need for accurate pricing in a market place that is stabilising. It is vital that you canvass the opinion of the expert valuation team here at Bentons, to ensure the optimum result on the sale of your property, through our unrivalled advertising and bespoke marketing campaigns.
The Bank of England has increased interest rates for the first time in 10 years with the new rate edging up to 0.5%. Although unwelcome news for homeowners, it is worth remembering the base rate is now back to what it was last Summer and still represents the record low cost of mortgages.
Nevertheless, those with tracker mortgages will see an immediate rise in real terms, with those on lenders standard variable rates bracing themselves for the impending increase. Borrowers with fixed rate deals can breathe a sigh of relief for the time being. As an example, those on a 2% tracker mortgage of £200,000 will see an increase of £25 a month.
Overall, money is still cheap to borrow, we have been as busy as ever over the last week, with many homebuyers appreciating the benefit of moving house and fixing their mortgage rate. Those bringing their house to the market now are likely to sell during November/December. Those looking to sell in 2018 should get their Estate Agent to talk to them now about launching over the Christmas period when property websites are at their busiest on Boxing Day and New Years Day!
BENTONS LOOKS FORWARD TO NATIONAL ESTATE AGENCY CONFERENCE AND EXHIBITION
The Bentons team will soon be heading to London for the Relocation Agent Network National Conference and Exhibition. Taking place on 17 November, estate agents from across England, Scotland and Wales will attend the business Conference and evening Awards Dinner. The event is exclusively for Relocation Agent Network members (including us!) and is a great opportunity to find out the very latest industry best practices and innovations.
Taking place at the Park Plaza Riverbank Hotel, the Conference will welcome keynote speakers including; top business consultant and former Managing Director of Robert Half International, Jeff Grout; Hamish Taylor, founder of the Skills Exchange Network, which enables organisations to achieve innovations by looking outside their industry; and economist, Roger Martin-Fagg.
This year’s official Conference Mobile App gives delegates the chance to network with one another in the lead up to the event. On the day, the App will allow delegates to take part in live polling during Conference sessions. Designed to enhance the ‘delegate experience’ these interactive sessions will produce results shown instantly on stage, providing real insight into how attending Relocation Agent Network members, like Bentons, view key industry topics.
How does OUR Network membership help YOU?
We have been specially selected to join Relocation Agent Network, who chose us to be the area’s Local Expert. To gain a Network invitation, estate agents must lead their local market in quality of service, local knowledge and professionalism.
Through its affiliation with Cartus, the premier provider of global relocation services, Relocation Agent Network members help Cartus move relocating families in and out of areas across England, Scotland and Wales. This offers Bentons customers an additional channel of buyer when selling their property. Network members can also help their customers through the ‘Referral Network’, which helps those relocating, by referring them to a fellow Relocation Agent Network member in the area they are moving to.
This year’s National Conference ends with a black tie evening Awards Dinner, hosted by well-known comedian and TV presenter, Sue Perkins. We can’t wait to meet up with our fellow members to celebrate the successes of 2017.
The marketing offered at
Bentons, Melton Mowbray is second to none, with coverage across web and print locally,
regionally and nationally, with the added showcasing of houses through the Park
Lane Office in London.
Here are two of our latest promotional products that have just come back from print - Our latest in-house magazine 'Life' and our most recent 'Mini-Mags'. Both magazines showcase some of our most recent properties that have been instructed, helping to generate more potential buyers for our vendors by reaching out to a wider market.
Our 'Mini-Mags' are area and location specific, covering our specialist areas within the East Midlands. In particular Charnwood Forest and surrounding villages, Vale of Belvoir, Wreake Valley, Rural Leicestershire and Nottinghamshire, County of Rutland and Melton Mowbray.
If you haven't received your copy of our Life Magazine or one of our promotional property 'Mini-Mags' then just give the office a call and we will be happy to pop one in the post to you or put one aside for you to come in and collect.
As we pass over the halfway point of what has been an interesting year both on the world stage and with the property market, we are pleased to report a healthy flow of new instructions coming to the market in many areas, with the most popular of locations still selling particularly well. The most important part of marketing your property correctly is choosing the right price and the right estate agent. At Bentons, we have a wealth of experience from our property valuation team, with many years of dealing with property right across the East Midlands, ensuring that your property is priced well to attract maximum interest and achieve the very best price. The marketing offered at Bentons is second to none, with coverage across web and print locally, regionally and nationally, with the added showcasing of houses through the Park Lane Office in London.
are thinking of moving before the end of the year, then make sure you talk to
one of the experts at Bentons, we have over 30 team members with a wealth of experience
gained over many years of providing outstanding service to the people of the
At Bentons, we specialise in the sale of properties across the East Midlands, particularly Charnwood Forest & Villages, Vale of Belvoir, Wreake Valley, Rural Leicestershire & Nottinghamshire, County of Rutland and Melton Mowbray itself. Much of our business is from repeat clients and recommendation.
Why Bentons is the best choice for selling your home –