Newbury Property News

11/11/2021

Newbury or Thatcham homeowner? Interest Rates will rise three times by the late Summer of 2022 according to everyone in the City. That means the 1 in 5 Newbury homeowners on a variable rate mortgage will be hit in the pocket with higher mortgage payments.
Even if you are one of the 4 in 5 homeowners on a fixed-rate mortgage, this will change the dynamics of the property market and even the value of your Newbury home.
If you are a buy-to-let landlord, homeowner or considering becoming either, then this article will be of interest to you”

Click on the link below for the full article.

https://newburypropertynews.co.uk/newbury-homeowners-to-face-post-lockdown-mortgage-rate-rise-of-1189-a-year/

27/05/2021

“36.2% of Newbury Landlords Could be Fined £5,000 each with new Energy Regs

… whilst possible new mortgage rules for Newbury homeowners would make it harder to sell their draughty old properties

Read this article if you are a Newbury homeowner or a buy-to-let landlord so you can prepare and not lose money ”

https://newburypropertynews.co.uk/36-2-of-newbury-landlords-could-be-fined-5000-each-with-new-energy-regs/

03/03/2021

Lifeline for West Berkshire House Buyers & First-time Buyers

In the last few hours, the Chancellor of the Exchequer, Rishi Sunak, has stated the Stamp Duty Holiday for properties up to £500,000 will be extended from 31st March 2021 to the 30th June 2021; and to ensure we don’t have a cliff edge, from 1st July 2021, After this date, the starting rate of stamp duty will be £250,000 until the end of September.

From the 1st October 2021 Stamp Duty thresholds and levels will return to pre-pandemic levels.

To help Newbury and Thatcham first-time buyers, the Chancellor confirmed that there will be Government guaranteed 95% mortgages available from April, on the purchase of properties up to the value of £600,000. This means Newbury and Thatcham’s first time buyers will be able to buy their first home with just a 5% deposit.

Newbury and Thatcham Landlords will also be pleased there was no statement on Capital Gains Tax, although this will have to be addressed in the years to come.

Tenants, those hardest hit with unemployment and job uncertainty, will also be pleased to hear that the Furlough Scheme will be extended to the 30th September 2021.

It is my intention to publish a greater in-depth article early/mid next week to discuss these topics and what it actually means at a more granular level for Newbury homeowners, property buyers, tenants and landlords

15/12/2020

15/05/2020

14/04/2020

In this weeks article Downer and Co take a look at the new Electrical Safety test for Landlords and Letting Agents and the cost it may take to comply. Click on the link for the full article. and don forget to like our page for future article on the Newbury property market.
Stay safe everybody.

https://newburypropertynews.co.uk/new-electrical-safety-regulations-could-cost-each-newbury-landlord-350-in-the-next-13-months/

02/04/2020

07/02/2020

Market Comment

31/01/2020

Since 1988 Downer & Co have created memories, grown families, provided comfort, started new chapters & created independence. What will we do for you?

31/01/2020

20/12/2019

21/11/2019

this weeks article, please click on the link for the full story.