2016: Our year in review
2016 has been a great year for the Morris Armitage team. We’ve seen strong sales across our selling divisions and even more landlords and property agents are choosing to rent their properties with our expert team.
Back in January, our team were celebrating our Customer Service of the Year award at the Cambridge News Property Awards. Our team continue to work extremely hard to meet the needs of our customers and this award was fantastic recognition of the professional and helpful service we continue to provide.
The ‘Right to Rent’ legislation came into effect on 1st February meaning that any landlord’s housing tenants that do not supply valid documents to satisfy the requirements of the Immigration Act 2014 will face up to £3,000 worth of fines per person. Our team worked tirelessly with all landlords and tenants to ensure all valid documents were received. As the Stamp Duty Land Tax (SDLT) was reclassified on the 1st April 2016, the time between February and April was a very busy period for our property agents. All home owners that own a second property, be it a holiday home or as a buy-to-let, are now liable to paying a stamp duty land tax that’s 3% higher than the old rate. Our advisors ensured customers were fully aware of this increase and ensured if possible, any transactions at this time were made before 1st April 2016.
June and July was another busy period for our team as the announcement of Brexit was at the top of many agendas. Read more about what Brexit means for landlords, renters and buyers in our Brexit series here.
Moving on a few months and November has been the strongest time yet for the Morris Armitage team. The Burwell office sold the largest house of the year at an asking price of £950,000!
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