The most professional and quality driven estate agent we have used. Nothing was too much trouble for them. I would highly recommend them.
Mr R Burns, Nocton
"head and shoulders above everyone else"
They're so reassuring, giving us the latest information we needed at any given time. I wouldn't use anyone else again in the future, they're head and shoulders above everyone else we've used in the past.
Mrs K English, Welton
We didn't really expect to get this level of service from an estate agent. It's the first time we really came away very satisfied with the outcome.
Mr & Mrs S Almond, Sleaford
I would say they were proactive, reliable and just outstanding. We really got the impression that they genuinely wanted to help us sell our home and help us move to our dream property.
Mr M Smith, Long Bennington
"a real pleasure to deal with"
Mount & Minster were recommended to us by one of our friends who had also used them recently. Outstanding service from beginning to end. I can't recommend them highly enough, they were a real pleasure to deal with.
Miss E McKenna, Lincoln
"know their business inside-out"
They are articulate, intelligent and affable with a can-do attitude. Flexible in their approach, they know their business inside-out as well as being RICS qualified which is reassuring.
Mrs A James, Grantham
What it takes to be a successful Grantham estate agent
What skills are needed to be a good estate agent in Grantham?Over the last 15 years I have had the privilege to work with some of the very best estate agents in the UK. The type of agents that are top of their game and others you just want to emulate. Over those years, it's become very apparent that there’s not a single type of person who is successful in estate agency. Good individuals come in all shapes and sizes and from a huge range of different backgrounds; all with different strengths and indeed weaknesses.
Some agents are flamboyant extroverts. Others are quieter types that just get on with the job without a fuss. I’ve worked with “real estate superstars” who are lone wolves who need very little little direction, whereas others have proven to be very experienced agents who require, and indeed thrive, on structure and support.
However, there are some absolute key traits that I have recognised in each and every estate agent that undoubtedly enables them to succeed. They include:
DriveSuccessful estate agents in Grantham, Lincoln and Lincolnshire as a whole, are all driven. Of course most people want to be successful, but drive involves having the inner qualities to turn that “want” into a reality. The rewards of being a Grantham estate agent can be high, but inevitably it requires one thing... hard work. Estate agency is very competitive and many will fail. To be a successful estate agent in Grantham, one needs to work harder than the next estate agent. Having the drive to make more phone calls, send more emails, work later nights, earlier mornings and longer weekends. Drive and sacrifice go hand in hand. Estate agency is not for the fainthearted.
CompetitiveEstate Agents in Grantham can earn very well. The best do even better. For this very reason, it's hugely competitive. To be a successful estate agent in Lincolnshire and the East Midlands, I firmly believe you need a strong dose of competitive spirit. The urge that spurs you on to work harder than your colleagues and pushes you to be the best. If you don’t want to celebrate every little win, it's highly likely it's not the right job for you.
ListenOne of the most significant skills of a Grantham estate agent is to ‘qualify’ buyers and sellers thoroughly by understanding the motivations and mindset of each. Naturally, this involves agents asking questions, however most don't listen to the answers, or interpret what they're being told in the correct fashion. The best Lincolnshire estate agents identify and recognise opportunities, adding value to their day to day responsibilities. The best Grantham agents go one step further than merely listening, they’ll also challenge, presenting alternatives with absolute confident in their expert knowledge.
PersistenceThere is nothing like the high of closing a significant sale. Many months of hard work all coming together and seeing the keys being collected by a very excited buyer is one of the most rewarding feelings for a Grantham estate agent. Equally, a house sale falling through is a terrible feeling. It is essential you pick yourself up and make decisions to keep things moving in the right direction. One thing that became apparent to me from the outset is that for every “yes” there will far more “no”s.
ResourcefulThe most attractive trait of a successful Grantham estate agent is to add value to the transaction. This is done through great marketing, knowledge, experience and honest, professional advice. A transaction will rarely run smoothly, however the best estate agents will find a solution to a wide variety of problems. Experience helps of course, but being proactive, thinking positively to problem solve and thinking laterally will help you on your course to standing out as being that little bit more special, respected and adding value.
Self-SufficientCommission based careers are hugely rewarding to those for whom such an income structure suits. You can often exceed the salaried roles of your counterparts in other industries. Self-discipline and self-management are essential. The best agents in Grantham will surround themselves with positive people from whom they can watch and learn. A supportive team, manager and employer will benefit your career. With the right attitude, a bit of self-discipline and the support of positive influencers, you will do very well.
Do you wish to discuss you own bespoke goals? Are you a homeowner looking to engage one of the best estate agents in Grantham? Please call 01476 515329 for your free consultation.
Buying & Selling Property with Land
Since early 2020, after the first lockdown, the East Midlands has seen a significant increase amongst buyers seeking out large rural homes enjoying extensive external space.
Another outcome of the pandemic has been a desire for secondary accommodation, whether that’s newly built or renovated outbuildings, for family and/or holiday rentals.
Property with a couple of acres of land tends to be reasonably uncomplicated from a buying point of view; but properties with 30 acres or more fall into the category of small farms and can present complications. Buyers should take steps at an early stage in the process to ensure they are fully conversant with issues that might arise.
Ralph Wyrley-Birch, Senior Partner at Mount & Minster, explains "the series Clarkson's Farm highlights why a ‘how difficult can it be’ attitude is generally to be avoided.
“The primary consideration when buying land is what you will be permitted to do with it, so establish the curtilage, where the residential part of the property stops and the agricultural part starts. Agricultural land is very different to ‘garden’; it would be unwise to assume that planning permission will be granted to turn some of the land into an extended garden on which to construct a tennis court, swimming pool, garage or annexe. You will however be permitted to make it more manicured, growing trees or meadow flowers and mowing."
The financial implications are also very relevant. Mr Wyrley-Birch goes on to explain “residential mortgages usually don’t lend on the land element of a purchase. Some only lend on two-acre curtilages, and others on land up to ten acres, so buyers need to be aware that more equity may be needed to make the sums add up. Or a different type of finance for all or some of the lending.
“If there are outbuildings, barns or properties on the land, you’ll need to establish what category they fall into – residential, agricultural, commercial or brownfield. Different rules apply to all three. Properties that are part of the farm may have an agricultural or equestrian ‘tie’, and this should certainly be flagged by the selling agent.
“Buyers will also need to check whether there are any footpaths and bridleways across the land. As the landowner you will have responsibilities to maintain them and keep them safe. Be aware that cyclists are permitted to use bridleways. Don’t assume you can divert these paths if you don’t like the route they take, it may be possible, but it’s certainly not straightforward.
When acquiring real estate located in Lincolnshire, Nottinghamshire and Leicestershire, freehold properties with land that have third party leasehold interests such as rental agreements with farmers or grazing licences with equestrian enthusiasts means you’ll need to be clear about whether you are going to continue with the inherited arrangement or bring it to an end. If the latter is the case, then you’ll need to deal with it sensitively – these people are likely to be your new neighbours. Either way, the costs of maintaining pasture or woodland, fencing, hedging and waterways, can be significant. If you rent land out for livestock, or for country sports, this will restrict your ability to ride or walk across it.
“Generally speaking, there’s a huge amount to assess when viewing property with land" says Mr Wyrley-Birch. "Buyers will need good advice from several different sources.
“Choice of solicitor is vital, you’ll need one who is well versed in rural property with land, and the tax issues surrounding the acquisition of multiple-use property. There are significant benefits to buying property with land or with more than one property on the estate. It may be appropriate to use a land agent (a la Clarkson’s Cheerful Charlie), for advice on grants, subsidies and your obligations to ensure you keep them; a planning consultant if you’re considering renovations and new builds, and of course a good buying agent who has experience of acquiring farms and properties with land."
Should you require professional advice about buying or selling a country house, small holding, farm or bare land then please feel free to contact us on 01522 716204 or 01476 515329.
Landlords New Tax Rules
The Chancellor, Rishi Sunak, recently announced some new tax changes with a strong emphasis on encouraging capital spending. These new rules have been put in place with the aim of achieving recovery in the economy following issues associated with COVID-19.
Stamp Duty Land Tax (SDLT)The nil rate band will be maintained at £250k until 30 September 2021, after which it will revert to £125k.
The existing 3% additional SDLT for buyers of second homes, corporate buyers and other property investors will remain. Furthermore, an additional 2% surcharge for non-UK residents has been applied to residential property acquisitions since 1 April 2021. It affects both non-resident individuals and non-natural persons (e.g. companies, trusts, partnerships), in addition to the existing SDLT rates of up to 15%. In other words, the top rate for non-residents could be 17% (Scotland and Wales have their own regimes).
New rules for residential property disposalsFrom 6 April 2020, taxable capital gains made by UK-resident individuals, trustees or personal representatives of a deceased person on the disposal of UK residential property must be reported to HMRC within 30 days of the completion date.
For these purposes, a disposal will include gifts in addition to sales of such property. Payment of the estimated CGT arising on the disposal(s) must be made within the same 30-day deadline. For disposals by UK residents, there are various exceptions to the new reporting and payment rules, for example in cases where no CGT arises on the disposal.
Non-resident immovable property gainsPrior to 6 April 2019, non-UK residents were not subject to CGT in disposals of UK immovable property except in relation to certain disposals of residential property or where a trade was being carried on through a permanent establishment in the UK.
However, the scope of the UK tax net dramatically widened from 6 April 2019: non-UK residents are now subject to UK tax on gains on all direct and certain indirect disposals of interests in UK immovable property, subject to certain exceptions.
The new rules apply to all disposals of UK real property by non-residents that have not previously been within the scope of UK tax e.g. UK commercial property.
Corporation tax changesIt has been announced that the rate of corporation tax will increase from April 2023 to 25% on profits over £250,000. The rate for small profits under £50,000 will remain at 19%, and there will also be relief for businesses with profits under £250,000.
This rate change will impact UK resident companies and also non-UK resident company investors in UK property.
Incentives to encourage investment in Freeport tax sitesSome residential landlords may be interested in diversifying their investment portfolio. Tax reliefs have also been announced to encourage investment in eight Freeport tax sites including East Midlands Airport and Humber Port. This measure will enable tax sites in Freeport locations to be designated and recognised in law as geographical areas where businesses can benefit from Freeport-specific tax reliefs, such as:
● relief from SDLT on the purchase of land or property within Freeport tax sites in England
● Business Rates relief in Freeport tax sites in England