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Commercial property sale    No Comments

Chains

Many of us feel as though we live in our office but now the government has decided that we can automatically get the planning permission to make this legal.

Currently to change B1(a) offices to C3 residential purposes  requires planning permission.

What will the changes allow?

The changes will allow upper floors of offices and some rural offices forming part of a country estate to be used for residential purposes.

When will this be in force?

Spring of 2013 and will initially be applicable for the next 3 years.

You will still need to be involved in a  Prior Notification procedure the details of which are yet to be confirmed but will more than likely be similar to the one  under the Agricultural Permitted Development Rights.

It’s not quite a clear-cut as is indicated though. Any external alterations will still potentially need Planning Permission for the alteration work and compliance with listed building status.

If you need more information on this topic contact wjames@fidler.co.uk or visit our website.

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Uncategorized    No Comments

confusedAs a potential purchaser of property you will no doubt have trawled through numerous estate agents particulars describing your dream home only to turn up at a property devoid and so far dis-associated from the property described that you question whether you should be calling in trading standards.

Here at Fidler & Pepper we regularly receive sales particulars at the start of the transaction only to question at the end whether it refers to the same property.

The Daily Telegraph has recently published an article giving mere mortals an insight into the what the key phrases really mean with the translations coming courtesy of eMoov.co.uk.

Here are some examples of the exagerations told by estate agents:

Estate agent speak

“The property has excellent transport links”

Translation

“There’s a motorway and or busy railway line right next to it”

Estate agent speak

“In need of modernisation”

Translation

“This property hasn’t been updated since the 1970s and needs a complete refit”

Estate agent speak

“An ideal purchase as your first three-bedroom home”

Translation

“You can barely fit a bed into the third bedroom”

Estate agent speak

“Set within a purpose-built residential development”

Translation

“This property is in the middle of a large housing estate”

Estate agent speak

“A  cosy property in a rural location”

Translation

“This property is small and the nearest shop is 20 minutes’ drive away”

Estate agent speak

“Easy-to-maintain living space”

Translation

“It’s really incredibly small”

Estate agent speak

“Conveniently located”

Translation

“Next door to a busy main road and above a take away”

Estate agent speak

“Unexpectedly re-available”

Translation

“The previous buyer pulled out at the last minute due to major problems or the surveyor revealed that the property was vastly overpriced”

Estate agent speak

“Reduced”

Translation

“Desperate”

Estate agent speak

“Within easy reach of local schools”

Translation

“Kids will congregate outside your house at lunchtime and drop litter all over your driveway.”

Estate agent speak

“Ideal for the first-time buyer or as a buy-to-let investment”

Translation

“The property’s small and in a terrible area ”

Estate agent speak

“Tremendous scope for improvement. A real blank canvas”

Translation

“Derelict”

Estate agent speak

“In need of some updating and offered with no onward chain”

Translation

“An old lady has recently died in the house and it hasn’t been decorated since she originally moved in 50 years ago”

Estate agent speak

“A garden flat”

Translation

“A dark and most probably damp basement flat”

Estate agent speak

“Bordering the sought-after area of North Clapham”

Translation

“The property is actually in Stockwell”

Estate agent speak

“The property has many character features”

Translation

“The ceilings are extremely low”

Estate agent speak

“Low maintenance rear garden”

Translation

“The garden is concrete”

Estate agent speak

“Situated in a stamp duty exempt area”

Translation

“Situated in a deprived part of town”

Estate agent speak

“New price!”

Translation

“This property was massively overpriced in the first place”

Estate agent speak

“ Character….”

Translation

“Dilapidated”

 

 

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Conveyancing    No Comments

tenant1

 

You may have heard that planning laws are changing.  This can have a impact on decisions regarding property and land puchases and whether works carried out or proposed to be carried out have breached any planning legislation. Your solicitor should look at all works that have been carried out and whether formal planning permission would have been required.

Whites estate agents have commented that from  the 30th May major changes to our planning laws  will take effect after much press comment and speculation.  Promoting economic growth and reducing red tape are the stated aims of the coalition.  Local concerns and resistance from Local Authorities have partially moderated some of the original proposals but some changes are still quite radical.  In brief:-

Change of use by permitted development from commercial to residential use will allow existing commercial buildings to be converted into homes more easily.

Redundant agricultural buildings of up to 500sq.m. can be changed to business use and other measures encourage temporary change of use for “pop-up” ventures.

New state funded schools can be created in existing buildings more easily.  Office buildings, residential and hotels are quoted as being possible suitable premises.

Home extension Larger extensions will be possible under relaxed permitted development rules without formal planning consent but subject to a new neighbours’ consultation scheme.  This policy is for a 3 year period initially.

High speed broadband availability will be increased to rural areas.

To come later this year are proposals to further relax planning controls to enable empty shops and agricultural buildings to be converted to housing.

 

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Uncategorized    No Comments

You may have heard of the  Governments’ new “Help to Buy” scheme.

This scheme is available on new properties only, up to a value of £600,000, and gives an interest free loan of 20%  of the value of the property for five years. After this time interest is payable and ultimately it has to be repaid. The scheme was introduced to stimulate house building and therefore growth, and benefits buyers with a small deposit who would otherwise struggle to find a mortgage at attractive interest rates or even at all.

There has been accusations regarding the marketing of the scheme and whether buyers are fully aware of the implications.

Only a limited number of lenders and developers are offering the scheme and some developers are advertising properties as apparently having a 20% discount through the scheme. For instance a £439,500 house was advertised at £351,600. This could lead to buyers not taking on board that after 5 years they will be paying interest on the whole loan, and actually will have to repay a loan on a £439,500 property not the one of £351,600.

If you are considering such a scheme and are unsure of what is invovled why don’t you visit our website or contact us on either 01623 451111 or wjames@fidler.co.uk

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