September 25, 2015
scottfraser Blog: Private Rental...
The Private Rental Sector is preparing for another legisiative change, effective 1st October 2015. Here, we explain the key changes in regards to Smoke and Carbon Monoxide Alarms, as well as Section 21 Notices.
Regulations for the Installation of Smoke and Carbon Monoxide Alarms for Landlords
The Government has introduced the Smoke and Carbon Monoxide Alarm Regulations (2015) to make landlords in the private rented sector in England responsible for ensuring that smoke and carbon monoxide detectors are appropriately installed and are in proper working order at the start of a new tenancy.
The law will apply to landlords renting residential accommodation to one or more tenants occupying all or part the property as their only or main place to live.
NOTE: The law will not apply to social landlords.
What you or your managing agent need to do
From the 1 October 2015 landlords will have to ensure that a smoke alarm is fitted on every floor of their property where there is a room used wholly or partly as living accommodation. They will also have to put a carbon monoxide alarm in any room where a solid fuel is burnt, such as wood, coal or biomass and includes...
September 22, 2015
scottfraser Blog: Supply, Demand &...
The rise in house prices has accelerated and the rate of growth has been revised to double that predicted at the start of the year, the Royal Institution of Chartered Surveyors (RICS) has reported today.
There is a continued crisis of falling supply and increasing buyer demand, according to the latest RICS UK Residential Market Survey, with price indicators reaching a 15 month high in August.
September 07, 2015
scottfraser At Home Magazine - Autumn...
Welcome to the Autumn 2015 editorial of our At Home magazine. We hope that you will enjoy the editorial features and the selection of properties for sale and to let in and around Oxford and Witney.
Following the election, the market has settled into a steady rhythm with a reasonable supply of properties as well as buyers and tenants. Once again, the combination of historic University city and transitory population of academic and medical professionals has helped Oxford maintain its position as one of the UK's hottest property markets. Good news for investors, home owners and buyers looking for a home that will continue to see steady capital growth over the next five years.
It's an expensive market place for first time buyers but as my 22 year old son said "you won't be around forever Dad". The bank of Mum and Dad has never been so active!
If you are in the market, interst rates are set to rise in the New Year so now is the time to lock in a low fixed rate mortgage and secure your ideal home.
September 04, 2015
scottfraser Blog: The Value of Routine...
Follwing the successful letting of your property to the perfect tenants for your property, we have handed over the keys and the independent inventory has been signed, sealed and delivered…
But what happens next to keep you up to date with the condition of your property?
July 24, 2015
Umbrella Selfie Competition Winners!
Last year, we launched the scottfraser #umbrellaseflie competition!
You can read more about the competition here.
We had a range of locations, including Oxford Natural History Museum, Long Whittenham Primary, Royal Albert Hall, Witney Market Place, Bristol Suspension Bridge, the O2 Arena and the London Eye! Here are a selection of our favourites.
We are pleased to announce that the winners were David and Julie Miles, from Oxford, from an early entry into the competition - they made our umbrella travel the further, to Christchurch Harbour. They recently popped into Head Office on Lime Walk to see David Blythman, Managing Director, and to collect their prize - an iPad mini and a bottle of champagne!
July 17, 2015
scottfraser Blog: Inheritance Tax...
The announcement of a £1 million threshold before paying inheritance tax certainly grabbed the headlines but, as ever, it is worth sifting through the detail.
Inheritance tax is paid on any assets you leave behind, including property and savings, at a rate of 40%. However, each individual has an allowance of £325,000 which can be passed on without the beneficiaries paying tax on it. This allowance can also be passed from one deceased partner to the other and added together giving a tax free amount of £650,000 currently.