Phoenix Property Magazine January 2015

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Cover photo: champagne celebrations.

206 Bridge Road, Sutton Bridge, Spalding, Lincolnshire, PE12 9SG Tel: 01406 359131 Fax: 01406 359939 Email: [email protected]

Open: Monday to Friday 9am – 6pm. Saturday 9am – 4pm. Closed: Sundays & Bank Holidays

Phoenix Property Magazine January 2015 FREE

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Wishing you a happy, healthy & prosperous New Year from all at Phoenix Estate Agents! I hope you all had a wonderful Christmas time. As from the 2nd January we are back open as usual. Very little has changed with regards to the housing market conditions since my last blog in December. With exception of the change in the stamp duty thresholds which was introduced on the 4th December 2013 – for further information on this subject one of our local solicitors has kindly produced a handy article which can be found on the back cover of this issue of our magazine. This time of year is often all about new beginnings - putting the new year plans and resolutions into action. A key time of year for the housing market where sellers get their homes appraised with a view to selling and newly intending buyers registering on our mailing lists for properties and getting mortgage advice to see if they can make the move they hope to. So for us agents it is about the potential of new property stock and new mailing list applicants. If you are someone considering your financial position with regards to a remortgage or moving home then we always recommend you speak to an independent whole market advisor to ensure you are being offered the widest options available to you. Please remember our boss Jane also runs Top House Mortgages. Jane or Katrina at Top House Mortgages can be contacted on 01945 773945. Also Liz works alongside us all at Coversure Insurance. So for any up to date insurance quotes Liz can be contacted on: 0800 3081140. For those already advertising their property for sale it becomes a time to get serious. Lets achieve what we want to achieve and sooner rather than later. So, many sellers use this time of year to assess how their property has been performing and what they or their agent/s could do to improve that performance and the buyer activity or impression the property is receiving. A bit of a pre-spring clean comes about. Sellers tip: Always remember the 3 P’s: Present well, Price right, Promote effectively. I can’t predict what the year ahead will offer, but I am expecting it to be much like 2014 was – a steadily improving market. I think consumers are still getting used to some of the changes that have come about in the housing market and legislation over the last few years including the mortgage market review that changed the way the mortgage approval and application process works. So consumer confidence is still improving. We are still selling well. Activity is higher for the time of year, than what it has been the last couple of years. We are still low on property stock to offer for sale – so keen for more properties to offer. All signs of a recovering market. Here’s hoping a stable growth and gain in confidence will continue, as that is an indication of more secure market conditions.

For any more info or advice please contact us on 01406 359131.

MORE PROPERTIES NEEDED DUE TO RECENT SALES SUCCESS. IF YOU HAVE A PROPERTY TO SELL IN OUR CATCHMENT AREA

& AREN’T ADVERTISING WITH US, WE WOULD LOVE THE OPPORTUNITY TO ASSIST IN TRYING TO FIND YOU A

SUCCESSFUL BUYER. PLEASE CONTACT US ON 01406 359131

TO BOOK A NO OBLIGATION APPRAISAL ON YOUR PROPERTY.

TAVERNERS MEWS, LONG SUTTON

£51,995 EPC RATING:C

Modern (2006) 2 Bedroom terraced house available on a 50% shared ownership

scheme, situated convenient for town centre amenities benefiting from

kitchen/diner, downstairs cloakroom, upvc double glazing, gas central heating, allocated parking space, enclosed rear

garden & no upward chain.

MARCH ROAD, FRIDAY BRIDGE

£53,000 EPC RATING: NA

Building plot situated on the outskirts of a popular village with field views front &

rear, planning permission for the erection of a 2 bedroom detached house. Plot measures approx. 270SqM. (Frontage: 37ft/11m Depth:68ft/21m approx.)

No upward chain.

CHARLES ROAD, SUTTON BRIDGE

£69,950 EPC RATING:TBC

3 Bedroom semi detached house requiring modernization in a no through road within walking distance of local primary school

benefiting from utility/sun room, gas central heating, upvc double glazing,

solar panels for water heating, enclosed rear garden, off road parking & no

upward chain. Aimed at cash buyers only.

NENE MEADOWS, SUTTON BRIDGE

£79,950 EPC RATING:D

2 Bedroom first floor leasehold flat situated in a cul-de-sac location

overlooking a green, refitted bath/shower room, modern fitted kitchen/diner, upvc double glazing, gas central heating, off road parking in residents parking area &

garden area in communal residents gardens. No upward chain. Viewing a

must!

NEW ROAD, SUTTON BRIDGE

£80,000 EPC RATING: NA

Building plot. Approx 0.5 acre site, lapsed outline planning permission for a single

storey dwelling. Popular residential location, field view to one side, mature

trees on site. Golf course nearby.

PRINCES STREET, SUTTON BRIDGE


3 Bedroom semi detached house requiring further updating offering 2 reception rooms, attached outbuilding giving store/utility room & downstairs wc, upstairs wet-room, south facing rear garden, off road parking, gas central heating, majority upvc double glazed

windows & no upward chain.

WHARF STREET, SUTTON BRIDGE


Modern semi detached house situated convenient for local amenities offering 2

double bedrooms, kitchen/diner, majority wood effect upvc double

glazing, small low maintenance rear patio garden, allocated off road parking area &

no upward chain. Viewing advised.

PARK LANE, LONG SUTTON


Victorian 2 bedroom terraced cottage situated in a secluded lane close to

town amenities benefiting from lounge/diner with multi-fuel burner, downstairs shower room, rear porch,

garage, parking, south facing enclosed rear garden, upvc double glazing & gas

central heating. Viewing advised!

WEST STREET, LONG SUTTON


Victorian terraced house situated in Long Sutton town centre backing onto Winfrey

Park offering 2 double bedrooms, 2 reception rooms, modern fitted

kitchen, modern upstairs bathroom, enclosed rear garden, upvc double glazing

& gas central heating. Internal viewing strongly advised!

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ABOUT US. Chairman Mr. Tim Machin With a local presence of nearly 50 years, the Society exists to promote high standards of planning and architecture; promote civic pride; secure the preservation, protection, development and improvement of historic structures or features and promote understanding of the geography, history, natural history and architecture of the area. As a registered charity, we cover the south east corner of Lincolnshire covering the communities of Long Sutton, Little Sutton, Sutton Bridge, Wingland, Tydd St. Mary, Sutton St. James, Gedney Broadgate, Gedney, Gedney Dyke, Gedney Drove End, Dawsmere, and Lutton. The Society meets every 3rd Monday of the month at the Market House in Long Sutton at 7.15 pm. With varying speakers and occasional outings, for further information call 01406 362310 or email [email protected]

The society had a very busy 2014 with WW1 Exhibitions around the district from May to November. It also launched Volume One “A Pictorial Journey Through Long Sutton Past” to date half of the copies published have been sold. Common Pit on Bridge Road at the end of the year was in its final consultation stage with a decision on design to be made. At the last event before Christmas organized by the Society a Craft Fair, Robyn Woolston the designer for Common Pit spoke to 77 people showing designs and at the moment of three the favorite includes the History of the Wash with structures to include boats. The Long Sutton & District Face Book page has proved very popular, it held a competition to re-name Turpins on the Market Place from the entries the owner choose the name “Palmers” this being the name Dick Turpin used when living in Long Sutton. So into 2015 another hectic year envisaged! this year we will be commemorating 70 years from the end of WW2 once again the Society will being holding Exhibitions around the area. It is hoped to launch another book on local pubs of Old Long Sutton. To arrange for speakers to attend meetings out in halls around our District other than just in Long Sutton. Also it will be undertaking a new project which will be country wide in listing town and village War Memorials we will be doing ones in our District. As a taste of things to come two photos of topics we will be covering, two pubs side by side, and our War Memorial c1925. Last but not least Common Pit will have its new look and art work completed.

CHALK LANE, SUTTON BRIDGE


2 Bedroom terraced house on the outskirts of Sutton Bridge in a small cul-

de-sac with front field view, updated kitchen/diner, updated bathroom, rear porch, upvc double glazing, oil central heating, off road parking to the front &

rear, enclosed garden & no upward chain. Viewing a must!

ALLENBYS CHASE, SUTTON BRIDGE


3 Bedroom semi detached house requiring further updating offering 2 reception

rooms, upstairs bathroom & downstairs wetroom style shower room, kitchen,

utility/rear lobby, off road parking, gas central heating, majority upvc double

glazing & no upward chain.

PEBBLE CLOSE, SUTTON BRIDGE


Modern semi detached bungalow situated in a popular cul-de-sac offering 2 double

bedrooms, upvc double glazing, gas central heating, garage, driveway giving off road parking, enclosed side garden &

enclosed south facing rear garden. Viewing essential!

STATION ROAD, LONG SUTTON


Updated Victorian semi detached cottage offering 2 bedrooms, 2 reception rooms,

refitted kitchen, refitted downstairs bathroom, upvc double glazing, gas

central heating, garage, off road parking and generous rear garden. Viewing a must

to appreciate presentation!

BRIDGE ROAD, SUTTON BRIDGE

OIRO £130,000 EPC RATING:E

Recently refurbished 3 bedroom detached bungalow convenient for local bus stop & amenities offering lounge/diner, refitted kitchen & bathroom, gas central heating

(with refitted boiler), upvc double glazing, garage & driveway giving off road parking, rear garden & no upward chain.

Viewing a must!

BRIDGE ROAD, SUTTON BRIDGE

£134,950 EPC RATING:E

End terraced 3 storey house with accommodation providing, 4 bedrooms,

bathroom, wet room/shower, 2+ reception rooms, utility room,

enclosed rear garden, garage/workshop, majority upvc double glazing & gas

central heating. Needs to be seen inside to appreciate layout & space of

accommodation offered.

LOWGATE, LUTTON


Modern link detached house situated in a popular village location with rear field

views offering 2 double bedrooms, kitchen/diner, lounge with open

fireplace, garage, driveway giving off road parking, enclosed rear garden, upvc

double glazing & gas central heating.

NEWGATE ROAD, TYDD ST GILES


3 Bedroom semi detached house in a popular village with front field views

offering lounge/diner, refitted kitchen with integrate fridge freezer and dishwasher, utility, downstairs

cloakroom, refitted upstairs bathroom, block paved driveway, tandem double garage, approx. 140ft/43m long rear

garden & no upward chain.

CHALK LANE, SUTTON BRIDGE

OIEO £135,000 EPC RATING:E

Modern 3 bedroom detached house with field views benefiting from lounge/diner,

separate dining room, utility, conservatory, downstairs shower room, upstairs bathroom, upvc double glazing, off road parking & south facing enclosed

rear garden. View Now!

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RENOVATION PROJECT PLANNING PERMISSION BUILDING REGULATIONS FENSA CERTIFICATE DEVELOPMENT MODERNISATION CONSENT SURVEY SCAFFOLDING ARCHITECTURAL ENGINEER STRUCTURAL SITE TRADESMEN

CONTRACTOR DO IT YOURSELF INTERIOR DESIGN CONSTRUCTION DEMOLITION RESTORATION MATERIALS PERSONAL PROTECTIVE EQUIPMENT SELFBUILD BUILDING PLOT BUILDINGS OF HISTORICAL INTEREST LISTED BUILDING

GARNSGATE ROAD, LONG SUTTON


Extended semi detached house situated in a no through lane offering 4 double

bedrooms, 2 reception rooms, downstairs shower room, upstairs bath/shower room, off road parking, generous rear garden,

upvc double glazing & gas central heating. Viewing advised!

LUTTON GOWTS, LONG SUTTON


3 Bedroom link detached house situated on the outskirts of Long Sutton & Lutton with rear field view offering extended lounge, dining room, modern kitchen,

modern bathroom, enclosed rear garden, extensive off road parking, upvc double glazing & gas central heating. Internal

viewing advised!


£159,950 EPC RATING:F

Character detached house in a popular location offering 2 double bedrooms,

3 reception rooms plus study, majority upvc double glazing, gas central heating,

garage, off road parking, generous enclosed rear garden & no upward chain.

Viewing a must!

WRIGHTS LANE, SUTTON BRIDGE

£164,950 EPC RATING: D

3 Bedroom detached house in sought after cul-de-sac offering lounge/diner, 2 sun rooms, modern kitchen, downstairs

shower room, refitted upstairs bathroom with Jacuzzi bath, utility room & store room (both formerly garage), feature

enclosed rear garden, driveway giving off road parking, upvc double glazing, gas

central heating & no upward chain.

FALKLANDS ROAD, SUTTON BRIDGE


Modern 3 bedroom detached bungalow in a sought after location offering refitted

kitchen, conservatory, bath/shower room & separate cloakroom, wood effect upvc

double glazing, attached garage with electric remote control door, rear garden with field view, new carpets & no upward

chain.

WOODLANDS, LONG SUTTON

£174,950 EPC RATING: C

4 Bedroom detached house situated in a popular cul-de-sac benefiting from 2

reception rooms, utility room, downstairs cloakroom, garage, driveway giving

extensive off road parking, enclosed rear garden, gas central heating & upvc

double glazing. Viewing recommended.



3 bedroom detached house, 2 reception rooms, conservatory, kitchen/diner,

pantry, downstairs cloakroom, refitted bathroom, 2 driveways giving extensive

off road parking, 2 storey garage/ outbuilding, additional workshop/wc,

upvc double glazing, gas central heating, enclosed garden & no upward chain!

MILL LANE, SUTTON BRIDGE


Modern detached bungalow in a no through lane close to amenities & bus stop, 2-3 double bedrooms, refitted

bathroom, refitted shower room, lounge, dining room, sitting room/3

rd bedroom,

conservatory, refitted kitchen, utility, driveway, gas central heating, upvc double glazing, feature garden with

orchard area, redecorated throughout.

DOCKINGS HOLT, LUTTON


Extended detached cottage, overall plot of 0.57 acre(sts), semi rural location on

outskirts of Long Sutton, 3 double bedrooms, en-suite to master bedroom, bath/shower room, 3 reception rooms, conservatory, utility room, upvc double glazing, gas central heating & extensive

off road parking.

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aasskkiinngg pprriicceess –– bbuutt 22001155 rriissee ssttiillll ffoorreeccaasstt By Miles Shipside, Commercial Director at Rightmove.

Year ends with largest ever monthly fall in price of property coming to market — down by nearly £9,000 — leaving prices up +7.0% during 2014 Rightmove forecast for 2015: price of property coming to market to rise by between 4% and 5%, with upwards price pressure

driven by:- Shortage of property for sale in popular locations as stricter lending criteria, pre-election jitters and limited choice of trade-up properties dissuade some home-owners from coming to market - Buyer sentiment aided by continuing low interest rate environment and boosted by Stamp Duty reform Buyers could find early 2015 offers ‘best buy’ opportunities—properties falsely priced below former Stamp Duty thresholds

might offer tempting value

2014 ends with the largest ever monthly fall (when measured in pounds) in the price of property coming to market, down by an average of £8,703. This 3.3% drop in new seller asking prices has reduced the annual rate of increase from +8.5% in November to give a final 2014 figure of +7.0%. This is a further indication of the slowing pace of growth, though it is important to note that the recovery remains countrywide with all regions recording positive price growth for the year. On the back of an annual increase of +7.0% this year, Rightmove forecasts a national average rise in new seller asking prices in the range of 4% to 5% for 2015. Miles Shipside, Rightmove director and housing market analyst comments: “Whilst a near £9,000 drop is the biggest ever reduction in the price of newly marketed property compared to the month before and a sign of a market continuing to cool, a fall is not unexpected in December. Though sellers are fewer in number at this time of year, those that do come to market are often keener to sell so price lower in a bid to stand out. The overall picture for the year is still one of a much recovered property market, with sellers and their estate agents confident enough to be putting property on the market at a higher price on average than a year ago, although we predict a slower pace of price growth in 2015. This means that sellers and agents will have to work harder to achieve a sale next year.”

Rightmove’s 2015 forecast The national average price of property coming to market is forecast to rise by between 4% and 5%. Rightmove predicts the South East will see the highest growth in prices next year as the London ripple effect continues and stock shortages remain acute. These factors mean that the East and South West regions also look set to perform better than the northern regions. London will not be the price rise powerhouse leading the rest of the country as it has been in 2014. Sectors of the London market will continue to re-adjust with several different forces at play. Affordability has already been stretched to its limit in some inner London locations, and there are also winners and losers with the Stamp Duty changes. The threat of mansion tax on properties over £2million will remain a deterrent until at least May’s election. Shortage of property for sale in popular locations: While the number of resale properties coming to market in 2014 is up by 8% on 2013, HMRC transaction numbers for completed sales are currently 18% higher than the same period last year*, leading to some supply shortages, especially in popular locations. While buyer demand has tailed off during the second half of the year, there are now signs of fewer sellers coming to market too. In the last four weeks, 76,823 new sellers have come to market, down 4% on the same period a year ago and the second consecutive month that there has been a year-on-year fall. There are factors that could see this trend continue into 2015, exerting some modest further upwards price pressure. Stricter lending criteria may prevent some home-owners from being able to fund the trade up to the next bracket, while the usual pre-election jitters will deter others. In some especially buoyant parts of the country the lack of properties available gives limited purchase choice for prospective sellers who are planning to trade up, dissuading some home-owners from coming to market. Shipside observes: “In spite of generally positive market conditions, some of the measures designed to restrain and control buyer demand have also curtailed the supply side by damaging the desire and ability of home-owners to place their property up for sale. Elections also add a further element of uncertainty that may deter some from making a major financial decision to trade up or down, so the likelihood is that good quality property will be in short supply in higher-demand locations, leading to higher prices where buyers still remain ready, willing and able to proceed. With the average number of properties for sale per estate agency branch at the lowest level ever recorded at this time of year, there is still some scope for price growth.” Positive buyer sentiment: Rightmove’s latest quarterly Consumer Confidence Survey of over 40,000 prospective home-movers shows that 63% think property prices will be higher in 12 months’ time, though this is down from figures of 75% and 79% in the previous two quarters. Rightmove’s view is that there may not be a rise in Bank of England base rates until 2016, and in addition both sentiment and costs of purchase have been aided by the Stamp Duty reform announced in the Autumn Statement. Shipside notes: “Buyers are having a tougher time but remain price-positive as only one in ten in our latest survey think prices might fall over 2015. While the Bank of England’s measures are making it harder to buy, the Chancellor has boosted buyers’ coffers with a welcome and long-overdue overhaul of Stamp Duty that will help most in the mass-market. Market volumes are likely to be more muted in the first half of 2015 than in 2014, but conversely we could see a better second half. A good result would be overall volumes similar to 2014, but we could also see a thinner-volume market with relatively stable prices.” ‘Best buy’ opportunities earlier in 2015?: Buyers could find that early 2015 offers the best buying opportunities. With price rises still likely to outstrip wage inflation next year, affordability will become further stretched as the year progresses, helping the early movers. In addition, first-time buyers may benefit from buying before April’s greater pension freedom encourages more buy-to-let investors into the market. Early buyers could also benefit from snapping up properties currently on the market but falsely priced below the former Stamp Duty thresholds. Within a few months this pricing inefficiency will disappear, as sellers of property worth just over the £125,000, £250,000 and £500,000 thresholds are likely to price their property at its true value, adding to purchase costs and house price inflation in 2015. Shipside explains: “For years sellers have had to price at £125,000, £250,000 or £500,000 even if the property would’ve been worth up to 10% more in a market that wasn’t distorted by the Stamp Duty thresholds. Many properties are still priced below these thresholds even though their significance has been greatly reduced now that the additional tax is incremental rather than a “slab”, and some of them now offer tempting value if you can get in quick. No newly marketed property has a reason to price down to such an extent as before, so this is a limited opportunity and serious buyers around these brackets should be scouring the market for this older stock.”

*HMRC, UK Transactions above £40,000, Jan-Oct 2014 compared with Jan-Oct 2013

LANCASTER DRIVE, LONG SUTTON

£209,950 EPC RATING:B

Individual 4 bedroom detached house built in 2012 and designed by current owners offering 3 reception rooms, kitchen/breakfast room, en-suite to

master bedroom, downstairs cloakroom, utility room, upvc double glazing,

gas central heating, off road parking, rear garden & no upward chain.

KESTREL CLOSE, SUTTON BRIDGE


Modern (2006) Allison ‘Ely’ design detached bungalow in a sought after cul-

de-sac, 3-4 double bedrooms, lounge, dining room, kitchen/breakfast room,

utility, en-suite, upvc double glazing, gas central heating, integral garage, driveway

& feature enclosed gardens to side and rear. Internal viewing a must!

BROADGATE, SUTTON ST EDMUNDS


Modern detached house in a rural village location on an overall plot of approx. 0.25 acre (sts), 4 double bedrooms, 3

reception rooms, refitted kitchen, utility room, en-suite, refitted bathroom, double glazing, oil central heating, integral double garage, extensive

driveway and enclosed rear garden.

CHALK ROAD, WALPOLE ST PETER


Modern detached house in popular village, 4 double bedrooms, en-suite,

bathroom, cloakroom, lounge, kitchen/diner, utility, upvc double

glazing, oil central heating, integral garage, off road parking, workshop, enclosed rear garden with feature

covered wooden terrace & no upward.

BROADGATE, SUTTON ST EDMUND

£265,000 EPC RATING: D

4 Bedroom detached house in a rural village on an overall plot of approx. 0.3

acre (sts) with rear field view, 3 reception rooms, utility room,

cloakroom, en-suite, integral double garage, off road parking, enclosed rear garden with summer house & hot tub.

Oil central heating, double glazing & no upward chain. View now!

CHALK ROAD, WALPOLE ST PETER


Modern detached house, 4 double bedrooms, dressing room & en-suite to master bedroom, 2

nd bedroom with en-

suite, downstairs cloakroom, 3 reception rooms & conservatory, kitchen, utility

room & breakfast room, integral double garage, established enclosed rear garden, upvc double glazing & no upward chain.

GEDNEY ROAD, LONG SUTTON


1930s 4 Bedroom detached house on an overall plot of 2 acres (sts) offering

lounge, sun room, kitchen/diner, walk in pantry, utility, boot room, upstairs and downstairs cloakrooms, bath/shower

room, gas central heating, double garage/workshop, office, storage

outbuildings, stable block & paddocks.

HIGH BROADGATE, TYDD ST GILES

£385,000 EPC RATING:E

Detached bungalow offering 3 double bedrooms, 2 reception rooms,

kitchen/diner, utility, bath/shower room, additional shower room plus self

contained 1 bedroom annex to the rear of the double garage on an overall plot of approx. 2/3 acre (sts) in a non-estate

village location backing on to fields. Oil central heating & double glazing.

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Long Sutton Market House Corn Exchange is an excellent venue for family events and celebrations, for exhibitions, performances and concerts. The Corn Exchange is an ideal venue for a wedding reception, which can seat 80 comfortably. Call into reception or ring 01406 366767. We had a new floor put down in the Corn Exchange which means the room is ideal for dancing , do come and take a look.

MARKET HOUSE RECEPTION OPEN MONDAY TO FRIDAY 9.30AM TO 4.00PM. Come and meet our friendly volunteer receptionists for tourist information, bookings, local information Housing and Benefit forms for South Holland District Council, recycling bags, bus pass forms.

THE MARKET HOUSE WILL OPEN FOR 2015 Monday 5th

January 2015 .

SOUTH HOLLAND DISTRICT COUNCIL CUSTOMER SERVICES Are in the Market House Reception Tuesdays and Thursdays if you have a concern, no need to travel to Spalding, come and meet an adviser on these days at the Market House.

MARKET HOUSE MOVIES Come and enjoy a film in the New Year. Belle on 31st January 2.30pm for 3.00pm start ring

01406 366767 for tickets or information.

LINE DANCING IN THE CORN EXCHANGE Mondays 8-10pm Tuesdays 7-9pm Thursdays 2-3pm For more information contact Sue Lilley 01406 364307 and email:[email protected]

LINCS YOUNG CARERS Alternate Wednesdays please contact reception for more details and dates 3.30pm – 6.30pm

YOGA MINDFULNESS Mondays 1.30pm – 2.45pm Come and enjoy

LIMBA Tuesdays 11.30am to 12.30pm

WEA GARDENING COURSE Starts Tuesday 24th February 10- 12.30pm ring reception 01406 366767 for more details.

LONG SUTTON YOUTH GROUP EVERY THURSDAY 6.30pm to 8.00pm ring 01406 366767 for more details.

CITIZENS ADVICE BUREAU Every Monday and Thursday morning 10am to 1.00pm Mondays are a drop in, Thursdays are for booked appointments only.

LITTLE WARRIORS – MARTIAL ARTS FOR CHILDREN Every Saturday 11.15am to 12.15pm Turn up on the day or ring 07925244817 or email [email protected] Ring 01406 366767 for more information.

THE LINCOLNSHIRE CREDIT UNION Is open at the Long Sutton Market House on Fridays NEW OPENING TIMES 11.00AM TO 1.00PM Think of us as a Community Bank that is run by professional volunteers, working under the strict regulations of the Financial Services Authority. When it comes to borrowing money, we make everything simple! We are able to offer loans of between £100 and £3000, with a typical monthly rate of 2% on a reducing balance. All loans are approved on a capacity to repay basis, so poor previous credit may not be a problem. If you would like to save then there are easy access savings accounts with a competitive rate of interest, call in and chat to us on Friday mornings.

AGAPE CARE FOOD BANK BRANCH AT THE MARKET HOUSE There is a collection point for donated food in reception open each day 9.30am to 4.00pm Monday to Friday. Please remember those in need this Christmas, any Christmas foods would be much appreciated, puddings, chocolates, crackers. Can you help with dried dog and cat food for those struggling with pets?

MIGRANT WORKERS ENGLISH LANGUAGE AND LIFE SKILLS CLASSES Free, 7.00pm Tuesday and Wednesday evenings in the Long Sutton Market House ring Market House Reception for more details 01406 366767 .

Come and see what else we have going on, Craft groups, Citizens Advice Bureau, Photographic Group.

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Happy New Year from everyone at the Market House Photo Group.

January sees a change of evening for our meetings, we are now meeting on the second Wednesday of each month starting on Wednesday 14th January at the Market House at 7.30pm. For current members subs will be due. We will be doing some stress line photography which is great fun especially if you have never done it before.

Also starting on Saturday 17th January is a novice group, this group is aimed at complete beginners or newcomers to photography. We will be meeting at Lutton Village Hall - 10am to 12 noon. £3 joining fee. All welcome.

On Sunday 25th January the group will be visiting RSPB Frampton for a guided tour and lots of photography opportunities with bird life, seascapes and flora and fauna. This visit will be led an RSPB volunteer who is also a member of our group.

During the next few weeks we will be announcing the theme for our annual competition. Watch this space.

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This insurance is specially designed for young learner drivers who have a provisional license covers you to drive a family or friend's car while you're learning – all done in a clever way that doesn't risk the car owner's No Claims Bonus. They will cover most cars up to insurance group 32 with a current value of up to £30,000. Fully comprehensive cover against fire, theft, malicious damages and any accidents while you're driving the car. It also covers damages to other people's property while driving. Wait, there's more! It even covers whoever is supervising you're driving if they have to take control of the wheel in an emergency. Plus, you can drive with another adult apart from the person who owns the car, as long as they're over the age of 25 and have held a full UK driving licence for at least three years. Of course, you'll need the permission of whoever owns the car, but we're sure you knew that anyway! Now, while the policy is designed to cover you on someone else's car, the car still needs to be fully insured by whoever owns it. The cost of your learner Insurance policy depends on how long you want to be covered for and whereabouts you live (it really is as straightforward as that). The policy can last from 30 to 90 days and if you want a longer period, just renew your policy. The quotes we have processed so far have average cost for this area of around £90 per month but could work out less than that if you take 2 or 3 month policies at the same time. So if you know of any 17 year olds wanting to get behind the wheel please point them in our direction.

Jane, Kat, Liz, Richard and Kim wish you a happy healthy prosperous New Year!

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dduuttyy tthhrreesshhoollddss.. By Anna Hall, Ward Gethin Archer Solicitors

STAMP DUTY LAND TAX (SDLT) – Key Facts for Residential Property Purchasers. The Autumn Statement made some major changes to the stamp duty land tax system and how duty is calculated. Buyers will now only pay tax at the relevant rate for each band rather than a flat rate across the whole amount. The changes are designed to make the system fairer by stopping the large jumps in tax payable under the old system. It is estimated that SDLT will be cut for 98% of people who pay it. From the 4th December 2014 SDLT rates are as follows:

Property Value Band Rate

£0 -£125,000 0%

£125,0001-£250,000 2%

£250,001-£925,000 5%

£925,000-£1,500,000 10%

£1,500,001 + 12%

The new rules came into effect on the 4th December. If you have already exchanged contracts before the 3rd December you will have a choice of whether to use the old or new rules. If you completed a purchase on or before the 3rd December 2014 then you will have to pay SDLT at the old rates. Purchasers buying a home for less than £937,599 will pay either the same or less stamp duty than under the old rules. Below is an example of how some people will be affected. If you want details on the exact amount payable for your transaction you can use the SDLT calculator at: http://www.hmrc.gov.uk/tools/sdlt/land-and-property.htm or contact the Residential Conveyancing Team at Ward Gethin Archer.

Example properties

Tax paid under the old rules

Tax paid under the new rules

Change in amount of tax paid

Effective tax rate you’ll pay under the new rules

£125,000 - No stamp duty No stamp duty No stamp duty No stamp duty

£185,000 - Average Help to Buy home

£1,850 £1,200 Saving: £650 0.7%

£275,000 - Average family home

£8,250 £3,750 Saving: £4,500 1.4%

£510,000 - Average London home

£20,400 £15,500 Saving: £4,900 3.0%

£937,500 - No change in stamp duty

£37,500 £37,500 No change 4.0%

£2,100,000 - Stamp duty increase

£147,000 £165,750 Increase: £18,750 7.9%

Should you have any queries about the conveyancing process please contact Anna Hall on 01553 667214.

http://www.hmrc.gov.uk/tools/sdlt/land-and-property.htm

Documents

Phoenix Property Magazine January 2015