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.
July 14, 2015
scottfraser Blog: Chancellor announces...
Last week it was announced by George Osbourne that tax relief on mortgage interest payments will be reduced over a phased four year process from April 2017.
Income tax payers in the higher tax band (40% & 45%) will be hardest hit as they lose the ability to claim relief at their payable rate. The news could however be worse as tax relief will remain available on mortgage interest payments although this will be restricted to the basic rate of 20%.
June 29, 2015
scottfraser Blog: Headington Family...
With summer now upon us the rental market is once again moving fast with new tenants looking to find their perfect home - a market trend that attracts investors looking to capitalise on an overall steady Oxford demand.
June 08, 2015
scottfraser Blog: The Impact of Energy...
Energy is an expensive yet essential commodity for every household and so naturally homeowners are on the lookout for the best tariff available to help temper costs. This is however unfortunately doing little to stop annual bills increasing. Energy prices have been high since British Gas lead price rises with an increase of 35% in 2008, and things haven’t really slowed down since. With energy demand predicted to rise 35% by 2040 it is likely that, with this increased demand, prices will continue to rise.
"Almost 40% of the UK’s energy consumption and carbon emissions come from the way our buildings are lit, heated and used" (Read more)
This statistic was the catalyst in the birth of the EPC (Energy Performance Certificate) in 2007 as part of the Energy Performance of Buildings Directive which is to promote the energy performance of buildings and reduce carbon emissions whilst simultaneously tackling climate change. Since its introduction several amendments have been made such as all newly built homes requiring an EPC upon completion, validity of EPCs extending from 3 years to 10 years and a Green Deal plan which was introduced in 2013.
The Green Deal plan is an...
June 01, 2015
The Ingredients of a Successful Oxford...
Kingston Road represents the epitome of the comprehensive scottfraser service. Sourced off market, secured with favourable negotiation, and refurbished and successfully let and managed in one swift and seamless transaction, all handled by local market experts scottfraser.
scottfraser investment clients identified the Jericho housing market as suitable destination for expansion of their existing portfolio. A careful examination of local property price performance combined with a consideration for letting demand identified Kingston Road in Jericho as a suitable investment location. The client’s preference for particular row of Grade Two listed Victorian terraces on Kingston Road was the ‘icing on the cake’
John Gebbels, Property Investment Manager, was then tasked with sourcing the ideal opportunity. Jericho is a fast developing, competitive but productive sector of the Oxford property market and securing the best opportunities is difficult. John began contacting local Estate Agent contacts and a local high street agent, with whom John shares an excellent relationship, was able to introduce an off market property in the very terrace of...
May 11, 2015
Managing Director's Post-Election Comment
David Blythman, Managing Director of scottfraser gauges the effect that the UK Election result will have on the residential property market.
For several weeks leading up to the 2015 general election houses didn’t seem as safe as they might be. Across the country, house buying and selling activity stalled as people awaited the result. So the announcement that there would be a winner with a clear if perhaps only slender majority was met by those in the housing industry with a collective sigh of relief.
It wasn’t necessarily the political stripe of the party that won but the fact there was at least a clear result and the property market would not be left in limbo during weeks and possibly months of political horse-trading and in-fighting.