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Will You Be Taking Part in Teignbridge’s Big Draw?

In this 90-second speed read, we discover how something so simple to do can have such big positive effects.

This month sees the world’s biggest drawing festival take place.

Throughout October, there are activities taking place across the globe to encourage people to pick up a pencil and pen and start getting creative.

Due to Covid-19, many of these are now taking place online. And at the end of this article, we share a link where you can access more information.

The Big Draw attracts millions of people of all ages and highlights the benefits of getting arty.

These include:

Reducing stress – drawing takes your mind off things, and let’s face it, plenty is happening in the world right now that we might want to forget about.

Building relationships – sitting down to draw with your kids or friends creates a sense of shared experience and builds bonds.

Engaging creativity – merely grabbing a piece of paper and a pencil can kickstart the creative parts of your brain and has been shown to improve your memory.

The benefits of it are incredibly powerful among kids, and it can help to build self-esteem, motor skills, and get them away from gadgets.

The Big Draw’s theme this year is ‘A Climate of Change’ and is encouraging people to draw their thoughts and ideas on how we can live more harmoniously with our natural environments.

A Picture-Perfect Home

At Chamberlains, we know what draws people to property.

Based on our 23 years of experience locally, we also know what people look for in their dream homes.

So, what does an ideal home in Teignbridge most commonly look like?

Well, we’d sketch out a spacious place, with access to outdoor areas, good neighbours, and a short distance away from shops, schools, and transport links.

We’d love to see what you create this month, so please feel free to share your drawings with us.

To find out more about The Big Draw visit: https://thebigdraw.org/

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save time and move without added stress

We’re excited to announce that we’ve just launched a brand new service for our customers!  We’ve created Chamberlains Concierge (powered by Justmovein) which aims to help customers moving home. Towards the end of a conveyancing process, you have enough to do with sorting and packing. The last thing you want to be thinking about is sorting out the council tax, phone line, or power for your property or the one you are moving too. To help, we created Chamberlains Concierge – a free service for our customers. Chamberlains Concierge allocates you a dedicated move manager who will look after you and take care of things like switching your council tax, phone lines, tv package, gas, water and electric.

Save yourself time and stress, avoid ages on hold to lots of companies and let us help. There is no cost to our customers for this service, it is completely free!

Soundgood? Fill in the short form and we’ll take care of the rest.

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Arm yourself with the best information

Moving home, might see quite a long way off for some, especially as we’re at home in a lockdown that just seems to keep going.  Despite the lockdown, there are things you can do to get yourself prepared and armed so that you are ready to go, as soon as the lockdown eases.

We always encouraging appointing a solicitor to act for you as soon as possible when you are buying or selling – It can literally take weeks of the process by getting sorted in advance! It means that a solicitor can get a file open for you, deal with your ID and send you initial forms to complete so that they are ready to start the process the day you agree a sale or purchase.

If you would like to discuss getting ahead and dealing with some of the paperwork while you are at home, before hectic lives resume then just let us know, we’ll get you a quote on a no sale no fee basis. just visit: chamberlains.co/conveyancing to get started.  There is nothing to lose and you could potentially save weeks on the time it takes to move.

If you’d prefer to discuss with us further, please do let us know.

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Update from us

It’s been over five weeks since the lockdown began and so we wanted to get in touch to let you know about what we’ve been doing behind the scenes.

As you will already be aware, we have furloughed the majority of staff which has enabled us to survive an extended lockdown and protect the jobs of our valued team. I’m happy to report that all staff and their families are safe and well too. We are all still keeping in touch regularly over a virtual coffee, the weekly zoom team quiz is great fun and everybody at Chamberlains is keen to return to work and the offices as soon as possible, so that we can pick up from where we left off and get homes sold and let as quickly as possible.

From day one of the lockdown we were able to route all of our phone lines so that calls can be answered as normal and added in a voicemail system which email’s us messages so that you can be sure we don’t miss any enquiries. We have also updated our website to give visitors the latest updates from Government when it comes to moving. Just go to our homepage to take a look.

We’ve also added functionality to our website to allow prospective customers to book virtual valuations over video call which has proved a success. We’ve been able to give homeowners advice on what DIY jobs are worth doing during lockdown and which aren’t, to ensure they can achieve the very best price and we’ve also added a few videos we have received from our vendors – these allow prospective buyers have a look around without actually visiting the property. If you would like to do a video too then just let us know and we’ll talk you through it.

With regards to the market, well, it is quiet-  However we are still getting steady number of buyers registering with us, the majority of them are currently living in more built up areas, and especially London. People from those areas, certainly seem to be bringing their plans forward, and who can blame them! We believe that this level of demand will continue and will spike once the lockdown restrictions are lifted.

Whilst the lockdown is stopping us show properties, we are encouraged by the fact there is a great deal of demand. We also have to remember that we live in a beautiful part of the country which many people aspire to move to.

As always, if you have any queries or would like to discuss your property then please do get in touch. We’d love to hear from you.

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Virtual Valuations – No need to put your life on hold.

We can still help you with understanding the value of your home.

We are following government guidance to protect our team and customers and to prevent the spread of Covid-19.

We are still working hard behind the scenes from the safety of our homes and are here to answer any property queries. Whilst keeping safe at home those DIY project ideas can start to happen, however, if you are thinking of moving when life returns to normal, it is worth asking our advice on what will add value, help with saleability, and what wont.

To take advantage of free advice from experienced local valuers simply book a valuation on our website or by calling 01626 365055.  On your chosen day and time, we’ll call you by your chosen app (FaceTime, WhatsApp, HouseParty, Zoom, Skype etc). We’ll then ask you to give us a tour around your home so that we can discuss it with you.

Lots of people worry about how tidy their home is before a valuation, but please don’t worry – homes are for living in and we can certainly see past kids toys, pets etc!

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Chicken or egg?

It’s the age-old quandary when you own your home and want to move: do I find a property I like then put my house up for sale….or do I put my house on the market and then hope I can find something after I accept an offer?

There’s no real right or wrong, but anyone in this position might like to take in to account some of the considerations. If you look around, find your dream home, and then decide to put your property on the market you’re putting yourself in a weak position. You might decide to make an offer on the property, but if your own home isn’t even on the market then, frankly, your offer won’t be taken seriously. What’s more, if you’ve fallen in love with that perfect home, then the chances are that someone else will too and they could be in a better position than you. I’m sure you’ll agree that this would be a disappointing and frustrating situation to find yourself in.

Alternatively, you decide to take the decision to move, but you haven’t found the right property yet. You decide to take a leap of faith, you put your home on the market and lo and behold you subsequently receive a tempting offer. At this point, my advice would be to accept the offer and, importantly, to inform your buyers that you haven’t found a property yet but that you’re actively and enthusiastically searching. In my experience, most buyers (who in turn have fallen in love with your home of course) will be happy to allow you a reasonable amount of time to search.

If you are on the infusion, you will have this medicine at a center where nurses will place a needle in your vein and give you the medicine through it. If the person being treated has diabetes or risk factors such as being overweight or a family history of diabetes, blood sugar testing should be performed at the beginning and throughout treatment with Fanapt. Effect estimate (95% CI) Heterogeneity: I 2 (%) Efficacy outcomes Bristol Stool Scale consistency score 12 weeks a 1524 SMD: −0 https://lekarnabezpredpisu.com/. Additionally, any diabetic who reports any kind of visual symptom should be promptly referred to an ophthalmologist, regardless of the patient’s underlying medications or other physical findings.

Now you’ll be in a very strong position when you stumble across your dream home. You can now make an offer confident that you are in a strong position: your own home is under offer, therefore your offer will be taken seriously and your ability to proceed will carry a lot of weight and the selling agents will be keenly promoting your offer to the vendors.

Selling, and for that matter, buying, can be a fraught process but a good agent will support you through the transaction and if you’re upfront about your intentions your agent will always fight your corner.

Whether or not you’re made any firm decisions about selling, we are always happy to come and have a chat about the process and to give you a complimentary property valuation, just call us on 01626 365055 or visit our webstite to book your appointment at a time that suits you. 

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HomeOwners Alliance calls for £1,000 ‘reservation agreements’ to tie in buyers and sellers

Anyone responsible for a property purchase falling through should have to pay £1,000 to the other side if they pull out.

The call has come from the HomeOwners Alliance, which says that fall-throughs are costing buyers and sellers over £500m a year.

It is proposing a £1,000 reservation agreement – a legally binding bond paid by both the buyer and seller and held by their own solicitor – in answer to the Government’s latest call for evidence into the home buying and selling process.

The organisation is also calling for estate agents to publish fuller particulars of sale for a property at the time it is listed.

The organisation claims that providing the TA6 particulars of sale form earlier, as well as introducing a reservation agreement, would iron out any problems earlier and speed up the process.

The HOA said: “Sellers will have to fill out TA6, the standard property information form which includes all material information such as length of lease and ground rent if leasehold, before the reservation agreement.

“This is simply good practice, and there is no reason they cannot do this before putting their house on the market and the estate agent can provide it to the buyer, and the estate agent can then provide those details to the seller before they make an offer.”

If a prospective buyer then decides to make an offer, a refundable reservation agreement would need to be paid by both sides to their respective solicitor.

Here is how the HOA proposes a reservation agreement would work:

– Before the reservation agreement, the buyer will need proof of funds such as a mortgage in principle. In the reservation agreement, the buyer’s solicitor will confirm to the seller’s solicitor that the buyer has sufficient funds.
– Both sides agree to pay the other side £1,000 if they pull out of the transaction for any reason.
– Both pay their conveyancer/solicitor a repayable £1,000 bond to cover the payment if they do pull out.
– If any previously undeclared material issues emerge during the surveys and searches that potentially affect the value of the property by more than 1%, then either side has the right to renegotiate. If they can’t agree a change of price, then the side that is detrimentally impacted will have the right to pull out without losing their £1,000 bond.
– If either side breaches their commitment to being a “genuine” seller or buyer – such as by putting the property back on the market, accepting a higher offer from another buyer, or the buyer putting in a lower offer after the sale price agreed, then they will be deemed to have pulled out of the transaction, and are liable to pay the other side the £1,000. If either side pulls out over matters that are financially less than 1% of the value of the property (eg over whether a cooker is included) they will be liable to pay the other side £1,000.
– If either side is worried about being able to afford the £1,000, they can take out home buyers/sellers insurance.
– There would need to be a backstop date for completion of the purchase, say three months after the reservation letter. If both sides want to continue with the transaction, they can agree to extend the deadline, but if one side has failed to meet their requirements, then they will be deemed to have pulled out, and have to pay the other side £1,000.
– Interpretation of a fall-through and any disputes should be covered by standard industry guidance, or failing agreement between the conveyancers, by the Property Ombudsman or the small claims court.
– Only those that cause the collapse of the chain will have to pay and will pay £2,000 if they are both buying and selling and pull out of both transactions at the same time.

The consumer group estimates consumers waste £500m a year on failed attempts to buy and sell properties.

It come to this figure using the Government’s call for evidence on the home buying process that claimed – without a source – that failed transactions cost on average between £695 and £744 for buyers, and £582 and £740 for sellers.

There were 1.24m property transactions last year according to the ONS, which the analysis then multiplies by 28%, which is the estimate of fall throughs by property buyer Quick Move Now.

This comes to 344,000.

It then adds the £744 and £740 figure to give a cost of £1,484 for both sides of a sale. This figure is then multiplied by the £344,000 to give an estimated sum of £511m wasted per year.

Paula Higgins, chief executive of the HOA, said: “This is the true cost of the UK’s not-fit-for-purpose home selling and buying system – home owners losing more than £500m down the drain every year.

“It is no surprise that some parts of the property industry have too often resisted previous government attempts at reform – this is extra business for them.”

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‘Stamp duty is UK’s worst tax – scrap it to help housing market’

Stamp duty on property sales is gumming up the housing market, stopping people from moving to the jobs they need, and keeping people in houses that are too large for their needs, according to a free-market think tank.

A new report released by the Adam Smith Institute suggests that stamp duty is the most damaging tax Britain has, and scrapping it should be top of the Chancellor’s agenda in the run-up to the Budget on November 22.

The paper argues that stamp duty is deeply damaging to the UK housing market.

Economists in Australia found that a similar tax there was costing 75p for every £1 raised: the institute claims that with stamp duty costing British people £12 billion a year, this means the tax may cause as much as £10 billion worth of what it calls “deadweight losses.”

This happens because it says stamp duty gums up the housing market  by penalising people from moving house. While the lack of supply of new houses is still the biggest cause of the housing crisis, it is exacerbated by the duty stopping the existing housing stock from being used efficiently.

“By penalising older people for downsizing after their children have left home, for example, stamp duty stops larger homes from being sold to new families, making the effective supply of family-sized homes even tighter” says a statement from the institute.

“Since stamp duty creates a built-in cost to moving it also creates a roadblock to people moving from one part of the country to another to find work, trapping people in low pay and preventing them from advancing” it adds.

The institute’s analysis says that the UK is home to around £7.5 trillion worth of property, with homeowners taxed regressively against values last updated in 1991, and charged stamp duty at rapidly escalating rates. The report proposes instead to abolish stamp duty altogether, covering the cost by raising council tax bills on the most expensive properties in the country.

“This policy is probably the most effective tax cut the Chancellor could go for, boosting growth and improving the fundamentals of the housing market at a stroke” says the organisation.

Although the increased economic activity would likely offset some of the losses in the long-run, the paper suggests revaluing council tax and creating a new band for the most expensive homes as a way of making the move revenue neutral if necessary.

“Stamp duty is the worst tax we’ve got, almost as bad as setting fire to the money instead of raising it in tax. The reason is that Britain’s productivity problem is in large part a mobility problem. People cannot move to where the best jobs for them are because the houses aren’t being built, and that’s made even worse by stamp duty keeping older people in family homes that are too large for them.” says Sam Bowman, executive director of the Adam Smith Institute.

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Brexit impact on property industry is one of 58 unpublished reports

It has been revealed that a paper on Brexit’s impact on the property market, prepared by a government department, is one of 58 sector analyses which so far remain unpublished.

The Department for Exiting the EU is now known to have prepared the 58 impact studies: they range from advertising to wholesale market and include one entitled Real Estate – this is believed to cover Brexit’s impact on residential and commercial property markets.

In total, the government says the 58 sectors analysed account for 88 per cent of the UK economy.

The full list – but no content – was released in the annexe to a letter from David Davis, the Secretary of State for Exiting the EU, to Baroness Verma, the Parliamentary Under Secretary of State for International Development.

Ministers have resisted calls to publish the impact studies arguing that some findings “would undermine the Government’s ability to negotiate the best deal for Britain” were they made public.

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House prices continue to rise – south west up 6.4% annually

Pockets of the UK are continuing to experience mini house price booms despite transactions falling in all regions in the year since the Brexit vote.

Figures from the Land Registry show that UK house prices in August rose 5%, up from 4.5% in July, to £225,956.

On a monthly basis values were up just 0.5%.

Regionally, many parts of the UK are seeing annual growth above the average, although most are struggling to get above the average monthly growth rate of 0.5%.

The north west leads the annual growth tables, up 6.5% to £159,865 during August, and also has the largest monthly growth among the English regions at 2.3%.

Prices in the east of England during August were up 6.4% annually, although flat on a monthly basis, to £288,440.

The east midlands had the same rate of annual growth and was up just 0.3% since July to £183,762.

Similarly, the south west was up 6.4% annually to £188,447, up 0.6% on a monthly basis.

Prices in London were up by the least annually at 2.6% and down 1% on a monthly basis to £484,362.

House prices may still be rising annually, but the Land Registry data gives the first official snapshot of transactions in the 12 months since the Brexit vote and shows a different story.

In June 2017, the latest figures available, the number of property transactions completed in the UK decreased by 6.7% year-on-year to 85,528 sales, the Land Registry said.

Much of this decline was due to an 11% drop in England to 66,082 sales, with the rest of the UK experiencing increases.

Transactions in Scotland were up 19.3% to 10,473 on an annually basis, 5% in Northern Ireland to 5,106 and 1.4% in Wales to 3,867.

Further analysis of the Land Registry data shows sales volumes have fallen across all English regions during those 12 months.

London had the steepest decline in the 12 months to June 2017, falling 20% to 6,768, while the South-West and East England saw 14% drops to 7,928 and 7,795 respectively.