The Brand New Andover Show 30th Aug

ANDOVER AND ANTON ROTARY CLUBS

        

        NEW ANDOVER SHOW, THRUXTON

BELVOIR, the Andover and Anton Rotary Clubs in Andover have got together to organise and present a fun day out for all the family. The event, that we hope will become a regular annual attraction, is being held at the Thruxton Motor Racing Circuit on Sunday 30^th August 2015.

Among the many attractions for all ages, there will be:

·         Live music during the day and a live rock concert in the evening.

·         John Wall and Son’s Fabulous Family Funfair.

·         A Vintage Car and Motorcycle display

·         A Racing and Supercar display.

·         Hot Rod and Mod’ed car displays.

·         A Vintage Steam traction engines and Tractors

·         Craft and Farmers Market.

·         Trade stands and displays by local businesses.

·         Vintage Helicopter display

·         Various Sport activities for the whole family to have a go at

Valley Leisure Village Fun Park featuring:

Children’s Activities

• Archery
• Rock & Roll
• Pillow Wars
• Sumo Suits
• Indoor Kayaking

Fitness/Strength Activities/Demonstrations

• Abs
• Tabata
• Armageddon
• Spinning
• Tug of War
• Archery

     Displays by the emergency services and armed forces.

·         Police car and crew with display

·         Fire Service display

·         Ambulance display

·         Music provided during the day on the stage

Evening Entertainment:

On stage first – ‘Reload’  followed by the tribute band, ‘Call Me Blondie’

Camping overnight - £10 per pitch

On the Race Track:

SOAP BOX DERBY

We are inviting local sports clubs, pubs, schools and colleges, businesses and youth groups to enter a soap box racer and take part in this multi class event.

CYCLE FOR PROSTATE CANCER RESEARCH, as part of a nation wide effort by Rotary clubs across the country to raise £1,000,000 there will be cycling events on the famous Thruxton circuit for all the family, as well as for cycling clubs.

“DON’T FORGET TO BRING YOUR BIKES”

COST OF TICKETS

The price of tickets for this event is as follows:

Advance tickets:  £10 – Family of Four (2+2 under 16) Adult: £3 Child: £2.50.

These can be obtained from the Valley Leisure Centre, The Lights Theatre, Ben’s Quality Dry Cleaners and Crisp and Clean, Weyhill Road.

On the Gate:

Family of Four (2+2 under 16): £15 Adult: £5: Child: £3.

For further information, to book a stall, or to enter a team in any of the events, please email Mike Walton at walton-m1@sky.com  or telephone 07939 573825.  Or log on to: www.antonrotary.org.uk

Petition against BTL Mortgage Interest Tax Relief: (UK)

Further to our blog of 16th July regarding Chancellor George Osborne’s announcement on mortgage interest tax relief for buy-to-let homebuyers, there is an online petition for landlords to sign in order to raise a parliamentary debate asking that the planned restriction be reconsidered as it has unfair implications. 

This may be of interest to any BTL landlords you presently have their portfolio mortgaged and should they wish to have their voice heard we have added a link below to sign the online petition: https://petition.parliament.uk/petitions/104880

If you need any further information on this, either read the expanded details of the upcoming changes here: Belvoir Property Blog or call us on 01264 366611

Landlords no longer able to offset all their mortgage interest?

The new conservative government have put changes in place that will effect all landlords that finance their portfolios.

Please find out more by visiting our Landlord blog by clicking here


Have a news story you would like to share? Please send copy to greg.greatbatch@belvoirandover..com

Tenants could lose their home if Labour win election

A million tenants could lose their rental properties as a result of Labour’s policies, predicts Belvoir 

Belvoir, one of the UK’s largest property management agencies, predicts that Labour’s pledge to introduce new anti-landlord rental policies could result in up to a million tenants losing their rental properties.

We are by no means a political business here at Belvoir, but when a blatant policy decision is set to effect the lettings industry is such a drastic way, we feel compelled to communicate it to our clients, tenants & friends to ensure they understand the implications of their voting actions. 

“I am shocked at Ed Miliband’s proposals and his decision to ignore industry experts who have issued dire warnings about the unprecedented suffering that his party’s policies are likely to cause to tenants,” says Phil Pinkney, Belvoir Andover Director.
 

“Under a Labour Government, landlords will be forced to commit to three-year tenancies and banned from raising rents above inflation. You don’t have to be a mathematician or property expert to work out how deeply flawed these policies are.
 

“There are currently eleven million people renting property in the UK, which amounts to about 20% of the population and includes 1.5 million families with children. There are around four million rental properties available and if just 10-15% of landlords decide to withdraw from the rental market because they are uncomfortable with Labour’s proposals and feel unable to manage their risks – particularly when mortgage rates rise - these homes will no longer be available. 

“I would like to know where Ed Miliband suggests these tenants should live? These tenants will either become homeless or face the appalling consequences of having to move in with family and friends on a long-term basis. 

“Looking at housing proposals for new builds from all the main parties, the most that any party has pledged is 300,000 properties in the next five years and clearly this figure will not even begin to satisfy current demand, which is the reason that we’re facing a housing shortage. 

“We should not forget that it was the Labour Government’s incompetence that contributed to the financial crisis of 2007 and 2008, which resulted in a credit crunch that has left millions of people unable to obtain mortgages or save for a deposit to buy their own home. It is therefore very shortsighted and totally irresponsible of Labour to introduce policies that will drastically reduce the number of available rental properties. 

“Landlords are very tired of being made to look like criminals who are constantly looking to rip off tenants and provide low quality housing. In our experience, 99.9% of landlords are decent people that provide decent housing for tenants on a long-term basis. Belvoir’s rental index confirms that in most parts of the country there has not been the major rental increases that Ed Miliband speaks of. However, if we look back over the past five to ten years and apply Labour’s proposed inflation rule for rental increases to many parts of the UK then tenants would indeed be paying much higher rents than they are today.  

“Labour’s proposals are full of loopholes and have clearly not been thought through, but merely put forward as a way to attract votes. One thing is certain - Labour’s policies will not raise standards or increase tenant security. They are likely to cause a housing crisis that will result in millions of people left with nowhere to call home.”

If you too feel strongly about the above, make sure you vote with your feet and get to a polling station near you and vote against a Labour government.

Non-UK Resident Landlords: Change to Capital Gains Tax

Further to a number of enquiries from our landlords regarding the introduction of the New Capital Gains Tax for Non UK Resident Landlords, we have researched this in depth and we have found the following salient points and a useful government link which you may find useful.

The new Capital Gains Tax came into force on the 6^th April 2015. Any sales of UK residential property made before that date, whether of a main residence or an investment home, owned directly by non-resident individuals should not incur a tax charge. However, from 6th April 2015, a charge to CGT will arise on non-UK residents who dispose of UK residential property. The charge will only be applicable to gains accruing after 6^th April 2015.

To summarise capital gains will apply: To non-UK resident individuals, trustees, certain closely-held fund structures and companies on the disposal of UK residential property, including rental properties, and Capital gains tax will be charged on the increase in value of the property from 6^th April 2015 onwards. Capital Gains Tax rates of 18% and 28% apply dependent your circumstances.

The general advice seems to be that Non-UK residents should get their properties valued now, even if they have no intention of selling. Failing to get a valuation could possibly mean paying more tax when the property is eventually sold.

If you do sell in the future, HMRC may query the amount of tax due on a sale and they will refer the matter to their District Valuer who will then determine the value as of the 6^th of April this year. The landlord can of course employ a surveyor at that point to do the same and they will negotiate with the District Valuer. This would obviously cost more than getting your property valued now.

For further information please view the following link https://www.gov.uk/capital-gains-tax-for-non-residents-uk-residential-property#

Barclays Buy to Let Evening April 2015

For more information about this exciting event, please click here

Want to win FREE chocolate this Easter?

Why not hop over to our Facebook page to find out how !


https://www.facebook.com/belvoirandover/posts/10155343717060398:0%22%3EWednesday