Providing dedicated service giving sound professional advice based on 35 years’ experience in the local area.
Founded in 1989, we are estate agents who specialise in selling and letting properties in and around South Gloucestershire from our prominent offices in Chipping Sodbury. Our proprietor, Nick Cragg FRICS, heads up the operation having set it up in the early days in former Marshfield and Bath offices during the late 1970s.
We provide a single source solution for property sales, auctions, surveying, management and letting to assist clients with all types of property, including homes, buy-to-let, properties for refurbishment, development projects, probate property matters, plots of land, farms, smallholdings and equestrian properties.
Our long-established reputation, detailed local knowledge and friendly professional approach enable us to provide an expert property service throughout South Gloucestershire and beyond.
Leading Gloucestershire estate agent Country Property is encouraging those considering buying another property in order to let it out, to act now before new European Union guidelines come into effect. From March next year the ‘EU mortgage credit directive’ is expected to make it difficult for aspiring landlords to obtain a buy-to-let (BTL) mortgage. Country Property Proprietor Nick Cragg explains: “Today it’s relatively easy for homeowners looking at buy-to-let to get into the market. But the rulebook is about to be rewritten. So people need to move fast before the new directive makes life much trickier for them – and there are less than six months before that happens.” At the moment, BTL borrowers can enjoy cheap mortgages, with interest rates as low as 2% and no requirement to be subjected to the same affordability tests as those applying for a regular residential mortgage (the ‘Mortgage Market Review’ – a strict set of rules for homeowner loans which were introduced by the Financial Conduct Authority in 2014). But from March 21, lenders will have to distinguish between ‘professional’ and ‘consumer’ landlords. This could affect small-scale and so-called ‘accidental’ landlords, who are letting out their home because of a failure to sell. Nick Cragg continues: “Currently BTL lenders are primarily concerned with expected rental income, rather than worrying about the borrower’s income and debt. However, from March next year, any existing mortgages are likely to be taken into account – which could have a massive impact on the new amount they are able to borrow. “So if someone already has a residential mortgage of £200,000, that figure could be deducted from the amount that lenders are prepared to offer – which in some cases would make the purchase of a buy-to-let property impossible.” Buy-to-let is currently proving to be massively popular in the UK. Figures from the Council of Mortgage Landers (CML) show 11,800 buy-to-let mortgages were taken out in July – up 27% on the same month last year. Nick Cragg added: “This may be the last golden opportunity to get into buy-to-let. Fortunately for borrowers, there is now the widest choice of mortgage deals on record out there. But aspiring landlords will need to be quick before it’s too late.”
Sister company of Country Property Auction House Gloucestershire to hold a series of auction sales throughout 2016. Confirmed dates so far are 2nd March, 27th April, 15th June, 27th July, 19th October and 15th December. Our usual venue at Stonehouse Court Hotel, Stonehouse is undergoing refurbishment therefore in the meanwhile we have found an excellent replacement in The Gables Hotel, Bristol Road, Falfield, Wotton-under-Edge, Gloucestershire GL12 8DL, where the 2nd March auction will be held.
We are pleased to announce that Nicola Gowen, who is an active member of our lettings team here at Country Property has achieved full membership of her industry’s professional body.