Current Listings
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Bennet Samways Estate Agents
Bennet Samways are a truly personalised estate agency, providing a high-end experience in the world of estate agency. Bennet Samways is your trusted partner in finding, selling and securing the finest properties tailored to your unique desires and dreams.
About Us - At Bennet Samways, we redefine the estate agency experience. As a bespoke estate agency, we specialise in delivering exceptional service that goes beyond your expectations. Our mission is to expertly nurture, communicate and guide our clients through the selling, and buying process. We work hard to connect you with exclusive properties that match your lifestyle, preferences, and aspirations.
We take immense pride in being a licensed Propertymark estate agency. Our commitment to professionalism, transparency, and ethical practises sets us apart in the estate agency industry. As a licensed member of Propertymark, we adhere to the highest standards, ensuring that our clients receive expert guidance and the utmost confidence in their property transactions. Whether you’re buying, or selling, you can trust Bennet Samways to provide you with a superior level of service that is both dependable and dedicated. We understand the significance of your property decisions, and our affiliation with Propertymark underscores our unwavering dedication to delivering excellence in every aspect of your estate agency journey.
Bennet Samways was established in 2021 by Stuart Bennet and Nick Samways, with combined 35 years of estate agency experience. Winning the ‘British Property Award Gold Winner For Best Estate Agent In Ashbourne’ in both 2022, 2023 & 2024. We were also listed in the 'Best Estate Agent Guide' for Ashbourne 2024 & 2025.
Discover The Difference Today - Whether you’re selling a country cottage in Derbyshire, a discerning character home with land or a stylish home in Ashbourne, Bennet Samways is here to make your property dreams a reality.
Explore our exclusive listings, read our client testimonials, and get in touch with us to start your journey in selling your home and find the perfect property that reflects your unique style and taste.
Located at the prestigious office at Ednaston Park, between Ashbourne and Derby, adjacent to A52 with easy access, and free car parking for our clients on their appointment. Why not call Stuart, Nick or Katie on 01335 818550 and discover the difference…
Your extraordinary estate agency journey starts here…
THINKING OF SELLING? FREE VALUATIONS AVAILABLE
We provide EXPERT advice on achieving the best possible price for your home. We are pleased to offer FREE Valuations, and advice on maximising the saleability of your property, along with a ‘No Sale No Fee’ approach.
Latest Blog Posts
Feb 15, 2025
HOW TO DEAL WITH YOUR ENERGY SUPPLIER WHEN MOVING HOUSE IN ASHBOURNE & DERBYSHIRE
The process of moving home in Ashbourne & Derbyshire can become highly stressful. With a seemingly endless to-do list, mounting cardboard boxes and looming deadlines, getting in touch with energy suppliers is often pushed to the bottom of the pile. However, failing to notify your energy supplier in enough time can result in you being overcharged and adding further stress later down the line. Here's your complete guide to dealing with energy suppliers when moving home in Ashbourne & Derbyshire. [caption id="attachment_2394" align="alignnone" width="640"] A money bag with the word Utilities and a family. The concept of saving money for the payment of utilities. The accumulation of money. A large debt. Electricity bill, heating. Debt repayment[/caption] First, Let Your Current Supplier Know Once your move dates are confirmed, you should let your current energy supplier know. They will require a few personal details alongside your move date and forwarding address. Some may also ask for the new occupiers' names to keep their records up to date. You should always give them at least 48 hours' notice, but an extra few days can help you get your affairs in order. Take a good look at your account and figure out whether you are on credit or debit. This way, you will know roughly what to expect from your final bill. Your supplier will likely ask if you would like to transfer your plan to your new property. It is recommended you instead wait until you have moved, and assess your options. Provide a Final Meter Reading To calculate your bill efficiently, your supplier will require a final meter reading. This way, it is guaranteed you are not overpaying for electricity that you have not used. You should complete this meter reading on the morning that you vacate your home. Send a copy of this information to the new owners and your estate agents for extra peace of mind that you all have the correct information. Find Out Who Your New Supplier Is Sellers should pass this information on to the estate agents; however, this sometimes slips the mind. To find out who your new gas supplier is, use the Find My Supplier website. The Energy Network Association can be used to find out your electricity provider. Notify Your New Supplier You should take meter readings on the day you move into your new property. Ordinarily, the estate agents handing you the keys will be available to show you where the meter is and take a copy of the reading for their records. Send a copy of the reading to your new supplier, who will be able to calculate your ongoing bill. You should choose a flexible plan which allows you to exit at any time. You will likely find a more affordable plan elsewhere, and this way, you can avoid expensive exit fees. It is beneficial to also send a copy to the previous owner or landlord. This will help ensure that everyone's records align and no one is caught out with an unexpected charge. Find the Right Settings Don't forget that you are inheriting someone else's heating system, who probably had different preferences to you. Check the timers and temperatures already in place to see if they fit in with your family's needs. Otherwise, you might be unnecessarily burning through energy and cash! Search for the Best Deal The supplier of the previous occupier may not necessarily be the most economical option. Although you will owe them for your initial days in the home, you should head to one of the many price comparison websites to secure the best deal. It may also be worthwhile to arrange a smart meter installation which can save your household heaps of money as well as the hassle of submitting regular meter readings. Set Up a Direct Debit The easiest way to pay your monthly energy bill is via direct debit. You will generally pay the same monthly instalment, which can then be slightly adjusted either way in accordance with the meter readings you submit. At this point, it's also worthwhile to check your records with the supplier from your previous home. Ensuring that you have paid any outstanding balance or claimed your refund will prevent any reminders from being issued in the weeks and months to come. Other Suppliers to Notify Council tax Water Broadband & landline Car registration and insurance Home Insurance TV licence Healthcare services (doctor, dentist, optician) Bank Stay Organised The key to a smooth home move is undoubtedly organisation. Understandably, many movers put off contacting their utility companies, either because of logistical stress, or to delay payments. However, attempting to delay these bills will only result in a much heftier sum when it does arrive on your doorstep! Talk to Your Local Estate Agents If you have any questions, please do get in touch. Bennet Samways are your local property experts for the Ashbourne & Derbyshire area. Call us on 01335 818550 or email stuart@bennetsamways.co.uk to see how we can help. Frequently Asked Questions About Changing Energy Suppliers When Moving How far in advance should I notify my energy suppliers of my move? You should notify your energy suppliers at least two weeks before your move to ensure a smooth transition of services. This gives them enough time to process your request and provide you with a final bill. What information do I need to provide my new energy supplier? You will need to provide your new address, meter readings, and contact information to your new energy supplier. They may also require your previous supplier's name and account number. Can I keep my current energy tariff when I move? You may be able to transfer your current tariff to your new address, but this depends on your supplier's policies and the availability of the tariff in your new area. It's advisable to compare offers from different suppliers to find the best deal for your new home. How can I save money on my energy bills when moving? To save money on your energy bills, compare tariffs from different suppliers, take meter readings regularly, and consider energy-efficient appliances and lighting. You can also use smart meters to track your energy consumption and identify areas for savings. ...
Feb 15, 2025
WHY 2025 COULD BE THE PERFECT YEAR TO BUY A PROPERTY IN ASHBOURNE & DERBYSHIRE
If you’ve been considering buying a property in Ashbourne & Derbyshire, 2025 might be your year! With a balanced property market, stabilising mortgage rates, and manageable house price growth, the conditions are aligning for a favourable buying environment. Whether you’re a first-time buyer, moving to a larger property, downsizing or considering an investment, here’s why 2025 presents a wealth of opportunities. A Balanced Property Market Offers More Choices The UK property market has been steadily moving towards balance. According to data from Zoopla, the number of homes for sale in 2024 reached its highest level in seven years, and this trend is expected to continue into 2025. For buyers, this means: Greater Inventory: More homes on the market give buyers a wider range of options. Less Competition: A balanced market reduces the bidding wars that have characterised previous years. Stability: Buyers can make decisions more confidently without rushing to secure a deal. Improving Mortgage Rates Bring Financial Relief After a year of volatility, mortgage rates have shown signs of stabilisation. According to Moneyfacts, average five-year fixed mortgage rates stood at 4.5% in 2024, and experts predict they may decrease slightly or remain steady in 2025. Why this matters for buyers: Lower Monthly Payments: Affordable rates mean reduced financial strain. Predictable Planning: Locking in stable rates allows buyers to plan long-term budgets confidently. Increased Borrowing Power: Lower interest rates can increase what buyers are eligible to borrow. Buyers are encouraged to work with financial advisors to explore their options and secure the best deals early. Steady House Price Growth Encourages Strategic Buying After a period of sharp increases, house prices have been rising at a slower, more manageable pace. According to Rightmove’s 2025 house price forecast, the average house price is expected to rise modestly by around 3%. This steady growth benefits both buyers and sellers: For Buyers: There’s less pressure to rush, and the slower pace allows for careful market research. For Sellers: Gradual price increases mean selling remains a lucrative option. This stability ensures the property market remains accessible while still offering long-term investment potential. Government Support for Buyers in 2025 The UK government is introducing initiatives designed to support buyers, particularly those struggling to get on the property ladder. These measures include: Mortgage Guarantee Scheme: Proposals for a permanent scheme aim to make it easier for buyers with small deposits to access mortgages. Energy Efficiency Grants: Under the ‘Warm Homes Plan,’ grants and low-interest loans will be available for energy-efficient upgrades like solar panels and improved insulation. These upgrades can reduce energy costs in the long term while increasing property value. Support for Domestic Buyers: New policies aim to prioritise domestic buyers over international investors, ensuring more opportunities for UK-based purchasers. These initiatives reduce barriers to entry and support affordability, particularly for those navigating current economic challenges. Economic Strength Bolsters Market Confidence Heading into 2025, the UK’s economic outlook is positive. Rising wages and stable employment rates are contributing to heightened confidence in the housing market. What this means for buyers: More Competitive Deals: Lenders are more willing to offer favourable mortgage terms. Market Stability: A healthy economy helps maintain a strong market, reducing the risk of sudden downturns. According to a report by Halifax, buyer sentiment is expected to remain optimistic as the economy continues to stabilise. Preparing to Buy a Property in Ashbourne & Derbyshire in 2025 While 2025 offers many advantages, success in the property market requires preparation. Here’s how to make the most of the opportunities ahead: Understand Your Finances: Review your credit score. Save for a deposit (5 - 20% of the property’s value is typical). Research the Market: Identify areas with good growth potential. Compare prices to ensure you’re getting value for money. Work with Experts: Seek advice from an estate agent in Ashbourne & Derbyshire like Bennet Samways and speak with mortgage brokers. Consider Energy Efficiency: Look for homes with green upgrades, which may reduce running costs and increase future resale value. Act Strategically: Plan your timeline to avoid peak competition periods like spring. What Next? 2025 is looking like a promising year to purchase property. With balanced supply and demand, favourable mortgage rates, and supportive policies, the conditions are good for finding your dream home. By preparing strategically and getting expert advice from your local estate agent in Ashbourne & Derbyshire you can take advantage of what the 2025 property market has to offer. Ready to explore your options in the 2025 property market? Get expert advice, personalised recommendations, and the support you need to make your move with confidence. Contact Bennet Samways today on 01335 818550 or email us at stuart@bennetsamways.co.uk to start your journey! In the meantime, we’ve answered some of your common questions about buying a home in 2025. Frequently Asked Questions About Buying a Home in 2025 Is 2025 a good year to buy a home? With a balanced market, stabilising mortgage rates, and supportive government policies, 2025 offers favourable conditions for buyers. Will house prices rise in 2025? Experts forecast a modest 3% increase in average house prices, making it a good year to buy without fear of rapid inflation. What mortgage rates can I expect in 2025? Rates are expected to remain stable around 4.5%, with the potential for slight decreases depending on the market. How do government initiatives help buyers in 2025? Programmes like the Mortgage Guarantee Scheme and energy efficiency grants lower upfront costs and make homeownership more accessible. Is it better to buy in spring or autumn? Both seasons offer advantages. Spring historically provides more choice, while autumn may see less competition among buyers. How do I find the right property for my needs? Work with a trusted estate agent, conduct thorough research, and clearly define your budget and priorities before starting your search. Note: The information in this article is based on data as of November/December 2024 and may change. Always seek professional advice for your individual circumstances. ...
Jan 23, 2025
Understanding Stamp Duty: New Rules and Tips for Homeowners
Updated October 2024 Stamp Duty is one of the most significant costs to consider when buying a property in Ashbourne & Derbyshire. It’s important for homeowners to understand recent changes announced in the Autumn 2024 Budget and to know how they may benefit or impact your property plans. Whether you're considering a move or just staying informed, Bennet Samways guide will bring you up to speed on the latest rules, offer useful tips, and help you make the best financial decisions when buying property in Ashbourne & Derbyshire. What Is Stamp Duty and Why Is It Important? Stamp Duty Land Tax (SDLT) is a tax that buyers pay on property or land purchases over a certain value in England and Northern Ireland. Scotland and Wales have separate taxes. This tax applies to both freehold and leasehold properties and includes cash and mortgage purchases. For most property buyers, Stamp Duty is an unavoidable cost, so knowing the rates and potential exemptions can save you money and ensure you're financially prepared. 2024 Stamp Duty Updates from the Autumn Budget In the Autumn 2024 Budget, the Chancellor, Rachel Reeves, introduced some changes to Stamp Duty affecting additional property purchases and corporate investments. Here’s what homeowners and investors in Ashbourne & Derbyshire should know: Increased Rates on Additional Dwellings The government raised the Stamp Duty rate on second homes and buy-to-let properties from 3% to 5% above standard residential rates. This change is intended to moderate property investment purchases, potentially increasing availability for first-time buyers in Ashbourne & Derbyshire. Higher Rate for Non-Natural Persons Purchases by companies or non-natural persons (corporations or trusts) of properties over £500,000 will now be taxed at 17%, an increase from the previous 15% rate. This adjustment applies to high-value properties acquired for investment purposes by corporations. These new rates apply to transactions with an effective date on or after 31 October 2024. For those considering property investments or additional purchases in Ashbourne & Derbyshire, it’s important to consider these new rates when calculating potential costs. Stamp Duty Rates Explained Stamp Duty rates are tiered, meaning that different portions of the property’s price are taxed at different rates. Here’s a basic breakdown: Price Range First-Time Buyers Standard Buyers Additional Property Buyers Up to £250,000 0% 0% 5% £250,001 - £925,000 5% 5% 10% £925,001 - £1.5 million 10% 10% 15% Over £1.5 million 12% 12% 17% 3 Tips for Reducing Your Stamp Duty Bill Consider First-Time Buyer Relief If you’re purchasing your first property, confirm your eligibility for first-time buyer relief, which can reduce or eliminate your Stamp Duty liability for homes up to £250,000. This could save you thousands on a property for sale in Ashbourne & Derbyshire. Look Into ‘Mixed-Use’ Properties Mixed-use properties, such as homes with commercial elements, attract lower tax rates as they’re treated as “non-residential” for Stamp Duty purposes. If you're considering unique property types in Ashbourne & Derbyshire, speak with the team at Bennet Samways, in Ashbourne & Derbyshire to find out if we have any properties that meet this category. Consider Timing for Second Property Purchases Buying an additional property now incurs a 5% surcharge, but timing can affect this. If you’re selling a property within 36 months of purchasing another, you may qualify for a rebate on the surcharge. You can apply here. 2 Common Stamp Duty Myths Myth 1: You Can Avoid Stamp Duty by "Gifting" the Property Even if a property is "gifted," Stamp Duty may still apply unless it is gifted to a company. It’s essential to understand the rules to avoid any unexpected costs. Myth 2: Stamp Duty Only Applies to High-Value Properties Even though properties under £250,000 are exempt for standard buyers, Stamp Duty can still apply to additional properties or purchases over this threshold. Calculating Stamp Duty for Your Property Stamp Duty can be confusing due to its tiered structure. Fortunately, most estate agents in Ashbourne & Derbyshire, including Bennet Samways, can help you with this. What Next? Whether you're a first-time buyer or an experienced property owner, it’s essential to stay informed about Stamp Duty changes. At Bennet Samways, we are committed to guiding you through each step of the buying process and helping you make informed decisions. Ready to make your next move? Planning to buy or sell property in Ashbourne & Derbyshire? Contact Bennet Samways today on 01335 818550 or email stuart@bennetsamways.co.uk for personalised advice. In the meantime, we’ve answered your common questions about stamp duty. Frequently Asked Questions About Stamp Duty Do I have to pay Stamp Duty if I’m a first-time buyer? Yes, but if your property is priced at up to £250,000, you will avoid Stamp Duty altogether. How much is Stamp Duty on a £300,000 property in Ashbourne & Derbyshire? For first-time and standard buyers, the rate on a £300,000 property would involve a 5% tax on the amount over £250,000. Are Stamp Duty rates different for buy-to-let properties? Yes, buying an additional property means you’ll need to pay an extra 5% surcharge on each price band. Can I get a refund on Stamp Duty if I sell my main home within a certain timeframe? Yes, if you sell your main home within 36 months of purchasing an additional property, you may qualify for a refund on the 5% surcharge. Are there exemptions for environmentally friendly homes? Certain green properties may qualify for tax rebates, depending on their energy efficiency rating. When is Stamp Duty due? Stamp Duty is usually due 14 days after the purchase of your property is finalised....
Jan 17, 2025
Should You Buy a House With Solar Panels?
Over a million homes in the UK are fitted with solar panels[1], so it’s not unusual to find one on the market. And with most new builds being constructed with energy-efficient appliances, finding a solar-powered home for sale in Ashbourne & Derbyshire is only going to become more common. Just like any home you buy, it’s good to weigh up the pros and cons to see if it’s the right choice for you. If you’re debating whether you should buy a house in Ashbourne & Derbyshire with solar panels, here’s everything you need to know before you commit. What Are the Benefits of Buying a House With Solar Panels? Buying a house with solar panels has many benefits, including: Cheaper bills : Solar power is renowned for providing cheaper energy bills. Depending on the terms of the lease, you may even get your energy completely free! Low maintenance work : Except for routine cleaning (which isn’t costly) solar panels are very low maintenance. Plus, warranties usually last for 20+ years. If the seller has only just had the panels installed, you could be covered for any faults for a long time. Resale-ability : The homebuying market is becoming more eco-conscious. Some buyers are even willing to pay more for a sustainable home[2]! When it comes to selling in the future, your property could have an edge that others don’t. An eco-friendlier life : Solar power is a renewable resource, so it’s much better for the environment than fossil fuels will ever be. In turn, they help you live an eco-friendly life. Things to Consider Before Buying a House With Solar Panels Despite the benefits of buying a house with solar panels, there are some things you should consider before you commit, including: Whether You Can Still Get a Mortgage It’s uncommon, but some lenders take issue with a property leasing its roof to a solar power company purely because it’s not owned by you. Before you make an offer, check with your lender or speak to your mortgage advisor to see if you can still get the mortgage you need. What Permissions & Restrictions You’ll Have Since most houses with solar panels have a lease on the roof, there may be restrictions about what you can and can’t do with your home. Some leases require you to seek permission to extend or even sell your home in the future. Always review the lease in detail before you buy to make sure you know about (and are comfortable with) any restrictions. There Could Be Removal Fees You shouldn’t buy a house with solar panels if you plan on removing them. Plus, some leases won’t ever allow you to remove them anyway. But if you need to have work done on your property and the panels need to be taken down temporarily, you may need to pay hefty fees. Are You Looking to Buy in Ashbourne & Derbyshire? If you’re looking to buy a property in the Ashbourne & Derbyshire area, Bennet Samways are your local property experts! Check out our available listings on our website at bennetsamways.co.uk or give us a call on 01335 818550 for a friendly chat with our team about what you’re looking for. Frequently Asked Questions About Buying a House With Solar Panels Installed Do I own the solar panels if I buy a house with them? There are two options: buying solar panels outright or inheriting a lease agreement. Leases may limit your ability to modify your roof or sell your home. What are the benefits of buying a house with a solar panel lease? Lower electricity bills and potential free electricity are attractive perks. However, some lenders may not approve mortgages for leased panels as part of a solar panel system. Can I install a battery system with leased solar panels? This depends on the lease agreement. Adding a battery system to store renewable energy may require permission from the solar panel company. What are the advantages of buying solar panels outright? When you install solar panels you have purchased yourself, you'll receive all the benefits of solar power, including the feed-in tariff for excess energy. There are no lease restrictions, but you'll also be responsible for maintenance costs. ...
Feb 15, 2025
HOW TO DEAL WITH YOUR ENERGY SUPPLIER WHEN MOVING HOUSE IN ASHBOURNE & DERBYSHIRE
The process of moving home in Ashbourne & Derbyshire can become highly stressful. With a seemingly endless to-do list, mounting cardboard boxes and looming deadlines, getting in touch with energy suppliers is often pushed to the bottom of the pile. However, failing to notify your energy supplier in enough time can result in you being overcharged and adding further stress later down the line. Here's your complete guide to dealing with energy suppliers when moving home in Ashbourne & Derbyshire. [caption id="attachment_2394" align="alignnone" width="640"] A money bag with the word Utilities and a family. The concept of saving money for the payment of utilities. The accumulation of money. A large debt. Electricity bill, heating. Debt repayment[/caption] First, Let Your Current Supplier Know Once your move dates are confirmed, you should let your current energy supplier know. They will require a few personal details alongside your move date and forwarding address. Some may also ask for the new occupiers' names to keep their records up to date. You should always give them at least 48 hours' notice, but an extra few days can help you get your affairs in order. Take a good look at your account and figure out whether you are on credit or debit. This way, you will know roughly what to expect from your final bill. Your supplier will likely ask if you would like to transfer your plan to your new property. It is recommended you instead wait until you have moved, and assess your options. Provide a Final Meter Reading To calculate your bill efficiently, your supplier will require a final meter reading. This way, it is guaranteed you are not overpaying for electricity that you have not used. You should complete this meter reading on the morning that you vacate your home. Send a copy of this information to the new owners and your estate agents for extra peace of mind that you all have the correct information. Find Out Who Your New Supplier Is Sellers should pass this information on to the estate agents; however, this sometimes slips the mind. To find out who your new gas supplier is, use the Find My Supplier website. The Energy Network Association can be used to find out your electricity provider. Notify Your New Supplier You should take meter readings on the day you move into your new property. Ordinarily, the estate agents handing you the keys will be available to show you where the meter is and take a copy of the reading for their records. Send a copy of the reading to your new supplier, who will be able to calculate your ongoing bill. You should choose a flexible plan which allows you to exit at any time. You will likely find a more affordable plan elsewhere, and this way, you can avoid expensive exit fees. It is beneficial to also send a copy to the previous owner or landlord. This will help ensure that everyone's records align and no one is caught out with an unexpected charge. Find the Right Settings Don't forget that you are inheriting someone else's heating system, who probably had different preferences to you. Check the timers and temperatures already in place to see if they fit in with your family's needs. Otherwise, you might be unnecessarily burning through energy and cash! Search for the Best Deal The supplier of the previous occupier may not necessarily be the most economical option. Although you will owe them for your initial days in the home, you should head to one of the many price comparison websites to secure the best deal. It may also be worthwhile to arrange a smart meter installation which can save your household heaps of money as well as the hassle of submitting regular meter readings. Set Up a Direct Debit The easiest way to pay your monthly energy bill is via direct debit. You will generally pay the same monthly instalment, which can then be slightly adjusted either way in accordance with the meter readings you submit. At this point, it's also worthwhile to check your records with the supplier from your previous home. Ensuring that you have paid any outstanding balance or claimed your refund will prevent any reminders from being issued in the weeks and months to come. Other Suppliers to Notify Council tax Water Broadband & landline Car registration and insurance Home Insurance TV licence Healthcare services (doctor, dentist, optician) Bank Stay Organised The key to a smooth home move is undoubtedly organisation. Understandably, many movers put off contacting their utility companies, either because of logistical stress, or to delay payments. However, attempting to delay these bills will only result in a much heftier sum when it does arrive on your doorstep! Talk to Your Local Estate Agents If you have any questions, please do get in touch. Bennet Samways are your local property experts for the Ashbourne & Derbyshire area. Call us on 01335 818550 or email stuart@bennetsamways.co.uk to see how we can help. Frequently Asked Questions About Changing Energy Suppliers When Moving How far in advance should I notify my energy suppliers of my move? You should notify your energy suppliers at least two weeks before your move to ensure a smooth transition of services. This gives them enough time to process your request and provide you with a final bill. What information do I need to provide my new energy supplier? You will need to provide your new address, meter readings, and contact information to your new energy supplier. They may also require your previous supplier's name and account number. Can I keep my current energy tariff when I move? You may be able to transfer your current tariff to your new address, but this depends on your supplier's policies and the availability of the tariff in your new area. It's advisable to compare offers from different suppliers to find the best deal for your new home. How can I save money on my energy bills when moving? To save money on your energy bills, compare tariffs from different suppliers, take meter readings regularly, and consider energy-efficient appliances and lighting. You can also use smart meters to track your energy consumption and identify areas for savings. ...
Feb 15, 2025
WHY 2025 COULD BE THE PERFECT YEAR TO BUY A PROPERTY IN ASHBOURNE & DERBYSHIRE
If you’ve been considering buying a property in Ashbourne & Derbyshire, 2025 might be your year! With a balanced property market, stabilising mortgage rates, and manageable house price growth, the conditions are aligning for a favourable buying environment. Whether you’re a first-time buyer, moving to a larger property, downsizing or considering an investment, here’s why 2025 presents a wealth of opportunities. A Balanced Property Market Offers More Choices The UK property market has been steadily moving towards balance. According to data from Zoopla, the number of homes for sale in 2024 reached its highest level in seven years, and this trend is expected to continue into 2025. For buyers, this means: Greater Inventory: More homes on the market give buyers a wider range of options. Less Competition: A balanced market reduces the bidding wars that have characterised previous years. Stability: Buyers can make decisions more confidently without rushing to secure a deal. Improving Mortgage Rates Bring Financial Relief After a year of volatility, mortgage rates have shown signs of stabilisation. According to Moneyfacts, average five-year fixed mortgage rates stood at 4.5% in 2024, and experts predict they may decrease slightly or remain steady in 2025. Why this matters for buyers: Lower Monthly Payments: Affordable rates mean reduced financial strain. Predictable Planning: Locking in stable rates allows buyers to plan long-term budgets confidently. Increased Borrowing Power: Lower interest rates can increase what buyers are eligible to borrow. Buyers are encouraged to work with financial advisors to explore their options and secure the best deals early. Steady House Price Growth Encourages Strategic Buying After a period of sharp increases, house prices have been rising at a slower, more manageable pace. According to Rightmove’s 2025 house price forecast, the average house price is expected to rise modestly by around 3%. This steady growth benefits both buyers and sellers: For Buyers: There’s less pressure to rush, and the slower pace allows for careful market research. For Sellers: Gradual price increases mean selling remains a lucrative option. This stability ensures the property market remains accessible while still offering long-term investment potential. Government Support for Buyers in 2025 The UK government is introducing initiatives designed to support buyers, particularly those struggling to get on the property ladder. These measures include: Mortgage Guarantee Scheme: Proposals for a permanent scheme aim to make it easier for buyers with small deposits to access mortgages. Energy Efficiency Grants: Under the ‘Warm Homes Plan,’ grants and low-interest loans will be available for energy-efficient upgrades like solar panels and improved insulation. These upgrades can reduce energy costs in the long term while increasing property value. Support for Domestic Buyers: New policies aim to prioritise domestic buyers over international investors, ensuring more opportunities for UK-based purchasers. These initiatives reduce barriers to entry and support affordability, particularly for those navigating current economic challenges. Economic Strength Bolsters Market Confidence Heading into 2025, the UK’s economic outlook is positive. Rising wages and stable employment rates are contributing to heightened confidence in the housing market. What this means for buyers: More Competitive Deals: Lenders are more willing to offer favourable mortgage terms. Market Stability: A healthy economy helps maintain a strong market, reducing the risk of sudden downturns. According to a report by Halifax, buyer sentiment is expected to remain optimistic as the economy continues to stabilise. Preparing to Buy a Property in Ashbourne & Derbyshire in 2025 While 2025 offers many advantages, success in the property market requires preparation. Here’s how to make the most of the opportunities ahead: Understand Your Finances: Review your credit score. Save for a deposit (5 - 20% of the property’s value is typical). Research the Market: Identify areas with good growth potential. Compare prices to ensure you’re getting value for money. Work with Experts: Seek advice from an estate agent in Ashbourne & Derbyshire like Bennet Samways and speak with mortgage brokers. Consider Energy Efficiency: Look for homes with green upgrades, which may reduce running costs and increase future resale value. Act Strategically: Plan your timeline to avoid peak competition periods like spring. What Next? 2025 is looking like a promising year to purchase property. With balanced supply and demand, favourable mortgage rates, and supportive policies, the conditions are good for finding your dream home. By preparing strategically and getting expert advice from your local estate agent in Ashbourne & Derbyshire you can take advantage of what the 2025 property market has to offer. Ready to explore your options in the 2025 property market? Get expert advice, personalised recommendations, and the support you need to make your move with confidence. Contact Bennet Samways today on 01335 818550 or email us at stuart@bennetsamways.co.uk to start your journey! In the meantime, we’ve answered some of your common questions about buying a home in 2025. Frequently Asked Questions About Buying a Home in 2025 Is 2025 a good year to buy a home? With a balanced market, stabilising mortgage rates, and supportive government policies, 2025 offers favourable conditions for buyers. Will house prices rise in 2025? Experts forecast a modest 3% increase in average house prices, making it a good year to buy without fear of rapid inflation. What mortgage rates can I expect in 2025? Rates are expected to remain stable around 4.5%, with the potential for slight decreases depending on the market. How do government initiatives help buyers in 2025? Programmes like the Mortgage Guarantee Scheme and energy efficiency grants lower upfront costs and make homeownership more accessible. Is it better to buy in spring or autumn? Both seasons offer advantages. Spring historically provides more choice, while autumn may see less competition among buyers. How do I find the right property for my needs? Work with a trusted estate agent, conduct thorough research, and clearly define your budget and priorities before starting your search. Note: The information in this article is based on data as of November/December 2024 and may change. Always seek professional advice for your individual circumstances. ...
Jan 23, 2025
Understanding Stamp Duty: New Rules and Tips for Homeowners
Updated October 2024 Stamp Duty is one of the most significant costs to consider when buying a property in Ashbourne & Derbyshire. It’s important for homeowners to understand recent changes announced in the Autumn 2024 Budget and to know how they may benefit or impact your property plans. Whether you're considering a move or just staying informed, Bennet Samways guide will bring you up to speed on the latest rules, offer useful tips, and help you make the best financial decisions when buying property in Ashbourne & Derbyshire. What Is Stamp Duty and Why Is It Important? Stamp Duty Land Tax (SDLT) is a tax that buyers pay on property or land purchases over a certain value in England and Northern Ireland. Scotland and Wales have separate taxes. This tax applies to both freehold and leasehold properties and includes cash and mortgage purchases. For most property buyers, Stamp Duty is an unavoidable cost, so knowing the rates and potential exemptions can save you money and ensure you're financially prepared. 2024 Stamp Duty Updates from the Autumn Budget In the Autumn 2024 Budget, the Chancellor, Rachel Reeves, introduced some changes to Stamp Duty affecting additional property purchases and corporate investments. Here’s what homeowners and investors in Ashbourne & Derbyshire should know: Increased Rates on Additional Dwellings The government raised the Stamp Duty rate on second homes and buy-to-let properties from 3% to 5% above standard residential rates. This change is intended to moderate property investment purchases, potentially increasing availability for first-time buyers in Ashbourne & Derbyshire. Higher Rate for Non-Natural Persons Purchases by companies or non-natural persons (corporations or trusts) of properties over £500,000 will now be taxed at 17%, an increase from the previous 15% rate. This adjustment applies to high-value properties acquired for investment purposes by corporations. These new rates apply to transactions with an effective date on or after 31 October 2024. For those considering property investments or additional purchases in Ashbourne & Derbyshire, it’s important to consider these new rates when calculating potential costs. Stamp Duty Rates Explained Stamp Duty rates are tiered, meaning that different portions of the property’s price are taxed at different rates. Here’s a basic breakdown: Price Range First-Time Buyers Standard Buyers Additional Property Buyers Up to £250,000 0% 0% 5% £250,001 - £925,000 5% 5% 10% £925,001 - £1.5 million 10% 10% 15% Over £1.5 million 12% 12% 17% 3 Tips for Reducing Your Stamp Duty Bill Consider First-Time Buyer Relief If you’re purchasing your first property, confirm your eligibility for first-time buyer relief, which can reduce or eliminate your Stamp Duty liability for homes up to £250,000. This could save you thousands on a property for sale in Ashbourne & Derbyshire. Look Into ‘Mixed-Use’ Properties Mixed-use properties, such as homes with commercial elements, attract lower tax rates as they’re treated as “non-residential” for Stamp Duty purposes. If you're considering unique property types in Ashbourne & Derbyshire, speak with the team at Bennet Samways, in Ashbourne & Derbyshire to find out if we have any properties that meet this category. Consider Timing for Second Property Purchases Buying an additional property now incurs a 5% surcharge, but timing can affect this. If you’re selling a property within 36 months of purchasing another, you may qualify for a rebate on the surcharge. You can apply here. 2 Common Stamp Duty Myths Myth 1: You Can Avoid Stamp Duty by "Gifting" the Property Even if a property is "gifted," Stamp Duty may still apply unless it is gifted to a company. It’s essential to understand the rules to avoid any unexpected costs. Myth 2: Stamp Duty Only Applies to High-Value Properties Even though properties under £250,000 are exempt for standard buyers, Stamp Duty can still apply to additional properties or purchases over this threshold. Calculating Stamp Duty for Your Property Stamp Duty can be confusing due to its tiered structure. Fortunately, most estate agents in Ashbourne & Derbyshire, including Bennet Samways, can help you with this. What Next? Whether you're a first-time buyer or an experienced property owner, it’s essential to stay informed about Stamp Duty changes. At Bennet Samways, we are committed to guiding you through each step of the buying process and helping you make informed decisions. Ready to make your next move? Planning to buy or sell property in Ashbourne & Derbyshire? Contact Bennet Samways today on 01335 818550 or email stuart@bennetsamways.co.uk for personalised advice. In the meantime, we’ve answered your common questions about stamp duty. Frequently Asked Questions About Stamp Duty Do I have to pay Stamp Duty if I’m a first-time buyer? Yes, but if your property is priced at up to £250,000, you will avoid Stamp Duty altogether. How much is Stamp Duty on a £300,000 property in Ashbourne & Derbyshire? For first-time and standard buyers, the rate on a £300,000 property would involve a 5% tax on the amount over £250,000. Are Stamp Duty rates different for buy-to-let properties? Yes, buying an additional property means you’ll need to pay an extra 5% surcharge on each price band. Can I get a refund on Stamp Duty if I sell my main home within a certain timeframe? Yes, if you sell your main home within 36 months of purchasing an additional property, you may qualify for a refund on the 5% surcharge. Are there exemptions for environmentally friendly homes? Certain green properties may qualify for tax rebates, depending on their energy efficiency rating. When is Stamp Duty due? Stamp Duty is usually due 14 days after the purchase of your property is finalised....
Jan 17, 2025
Should You Buy a House With Solar Panels?
Over a million homes in the UK are fitted with solar panels[1], so it’s not unusual to find one on the market. And with most new builds being constructed with energy-efficient appliances, finding a solar-powered home for sale in Ashbourne & Derbyshire is only going to become more common. Just like any home you buy, it’s good to weigh up the pros and cons to see if it’s the right choice for you. If you’re debating whether you should buy a house in Ashbourne & Derbyshire with solar panels, here’s everything you need to know before you commit. What Are the Benefits of Buying a House With Solar Panels? Buying a house with solar panels has many benefits, including: Cheaper bills : Solar power is renowned for providing cheaper energy bills. Depending on the terms of the lease, you may even get your energy completely free! Low maintenance work : Except for routine cleaning (which isn’t costly) solar panels are very low maintenance. Plus, warranties usually last for 20+ years. If the seller has only just had the panels installed, you could be covered for any faults for a long time. Resale-ability : The homebuying market is becoming more eco-conscious. Some buyers are even willing to pay more for a sustainable home[2]! When it comes to selling in the future, your property could have an edge that others don’t. An eco-friendlier life : Solar power is a renewable resource, so it’s much better for the environment than fossil fuels will ever be. In turn, they help you live an eco-friendly life. Things to Consider Before Buying a House With Solar Panels Despite the benefits of buying a house with solar panels, there are some things you should consider before you commit, including: Whether You Can Still Get a Mortgage It’s uncommon, but some lenders take issue with a property leasing its roof to a solar power company purely because it’s not owned by you. Before you make an offer, check with your lender or speak to your mortgage advisor to see if you can still get the mortgage you need. What Permissions & Restrictions You’ll Have Since most houses with solar panels have a lease on the roof, there may be restrictions about what you can and can’t do with your home. Some leases require you to seek permission to extend or even sell your home in the future. Always review the lease in detail before you buy to make sure you know about (and are comfortable with) any restrictions. There Could Be Removal Fees You shouldn’t buy a house with solar panels if you plan on removing them. Plus, some leases won’t ever allow you to remove them anyway. But if you need to have work done on your property and the panels need to be taken down temporarily, you may need to pay hefty fees. Are You Looking to Buy in Ashbourne & Derbyshire? If you’re looking to buy a property in the Ashbourne & Derbyshire area, Bennet Samways are your local property experts! Check out our available listings on our website at bennetsamways.co.uk or give us a call on 01335 818550 for a friendly chat with our team about what you’re looking for. Frequently Asked Questions About Buying a House With Solar Panels Installed Do I own the solar panels if I buy a house with them? There are two options: buying solar panels outright or inheriting a lease agreement. Leases may limit your ability to modify your roof or sell your home. What are the benefits of buying a house with a solar panel lease? Lower electricity bills and potential free electricity are attractive perks. However, some lenders may not approve mortgages for leased panels as part of a solar panel system. Can I install a battery system with leased solar panels? This depends on the lease agreement. Adding a battery system to store renewable energy may require permission from the solar panel company. What are the advantages of buying solar panels outright? When you install solar panels you have purchased yourself, you'll receive all the benefits of solar power, including the feed-in tariff for excess energy. There are no lease restrictions, but you'll also be responsible for maintenance costs. ...
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