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The Journal the Armitstead Barnett Newsletter Autumn 2020

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The Journal the Armitstead Barnett Newsletter Autumn 2020 VALUATIONS IN UNCERTAIN TIMES THE JOURNAL THE ARMITSTEAD BARNETT NEWSLETTER AUTUMN 2020 As we all know, 2020 has so far been a wanting to expand production. Slightly with all the connectivity of modern life, as a strange year. All started normally, then uncertain markets within the dairy sector viable and attractive option. out of nowhere a little- known virus from and low farmgate prices for some, China upset the apple cart in a major predominately within the processing sector, Sadly, as lockdown restrictions have for way. Lockdown and movement restrictions have however led to a slight slow down in many placed additional pressures on family followed, having an impact on instructions larger scale expansion within this sector. life, there has been something of a surge and inspections for valuations and the Red meat and white meat markets have seen in matrimonial instructions. Valuations for a SOLD production of work. However, as things start some strengthening within the market place, variety of taxation purposes were curbed Manor House Farm, coming back to the new kind of normal, it despite a reduced export market, leading by lockdown restrictions, but these have UTILITIES AND Eccleston is time both for a little reflection, and a look to some valuation instructions to allow reconvened with relative ease. into the future. for expansion or the construction of new For further information on the range of purpose-built poultry buildings, for example. INFRASTRUCTURE In terms of agriculture, there have been services we can offer, please contact the numbers of instructions coming from In the residential sector, initial thoughts valuation department. the south west region of Lancashire, regarding the market were pessimistic. UNDER OFFER predominately in the horticultural sector. However, as also experienced by our PROJECTS Home Farm, Latham Lockdown wasn’t initially good for these agency department, following the stamp producers but with the supermarkets being duty holiday and a relaxation in movement some of the only shops open, demand restrictions, the market gained some serious James Fish MRICS for their own UK produce soared, closely strength, with demand outstripping supply. Head of Valuation followed by that for bedding plants and This led to high demand for residential Department flowers. Producers were grateful for the mortgage valuations and the more detailed [email protected] Large parts of our countryside are intersected by a The route will run mainly through agricultural UNDER OFFER excellent weather during lockdown, which home condition reports. The market wide range of utilities, from water, sewerage and land between Haighton Green Lane and drove demand for salad product. continues to see growth, with demand in all Sandbeds Farm, gas pipelines to electricity pylons, poles and wires. Whittingham Lane. Gressingham price ranges and sectors but in particular in Utility companies constantly need to adapt by In general terms, there remains good more rural areas. It seems that purchasers Forest of Bowland AONB / Electricity North demand from active farming families building new infrastructure or repairing and renewing are beginning to see rural living, but now existing systems, and it is imperative that farmers West Ltd – ENWL and the AONB have been and landowners have the best advice with regard to removing poles and wires on their network and these schemes. re-routing cabling underground in order to reduce the visual impact of such apparatus in the Forest UNDER ASSOCIATE PARTNER PROMOTION If a scheme is taking place on or near your land, of Bowland. OFFER it is important that you understand both the legal Burn Head Farm, Mewith Canal and Rivers Trust (CRT) – the CRT are We are delighted to announce that Simon Simon led the way in his CAAV exams situation and the practical considerations. Schemes may involve compulsory purchase sales, licence and currently completing a programme of scheduled Wells has been promoted to Associate with the highest score in the country! culvert maintenance works, for culverts running Partner. Simon’s hard work and diligence Simon is much more than his qualifications, tenancy agreements, new easements and wayleaves. Factors such as timings of the work, access to the site, below the Lancaster and the Leeds/Liverpool are an asset to the team and we see a great though; he is highly personable and canal networks. future for him in the firm. Lancashire born, fantastic with clients. Simon’s workload location of services, the installation of compounds or welfare areas, fencing, drainage, the removal of UNDER Simon joined us with a First Class Honours covers our North Lancashire and Ribble Environment Agency – The EA are continually OFFER excess spoil and the final site re-instatement, all need degree in Land Management. He went Valley offices, predominantly in the rural undertaking maintenance and re-profiling works on Greenways Farm, Forton on to qualify as a Member of the Royal and agricultural sectors and including to be considered. many of the main rivers in the North West, including Institution of Chartered Surveyors, and then valuations, compensation, subsidy claims Just some of the schemes currently taking place are: the River Wyre, to try to reduce flood risk. as a Fellow of the Central Association of and property sales. Agricultural Valuers. Haweswater Aqueduct Tunnelling - United If you have land that may be affected in any Utilities (UU) are set to replace 6 tunnels along the way, Armitstead Barnett can act on your behalf in negotiating with the company involved regarding 109km pipeline running through Cumbria, Lancashire UNDER and Greater Manchester, with construction set to start the scheme, including access arrangements, OFFER North Lancashire South Lancashire Cumbria Ribble Valley in 2023 and take around 10 years to complete. accommodation works, compound areas and Lot 1 Braides, Cockerham compensation. The utility company would usually Market Place, Garstang 59 Liverpool Road North 19 Kirkland 5 Church Street, Clitheroe Alston/Spade Mill to Broughton Pipeline - cover the cost of this representation. Preston Lancashire, PR3 1ZA Burscough, Lancashire, L40 0SA Kendal, Cumbria LA9 5AF Ribble Valley, BB7 2DD UU are currently proposing to construct a new mains water pipeline from Alston, Longridge to Broughton, in order to transfer raw water from existing reservoirs into Simon Wells 01995 603 180 01704 895 995 01539 751 993 01200 411 155 the local network. Associate Partner UNDER [email protected] [email protected] [email protected] [email protected] OFFER [email protected] Land at Hough Clough, Chipping www.abarnett.co.uk ARMITSTEAD BARNETT AUTUMN 2020 abarnett.co.uk RESIDENTIAL LETTINGS As with many sectors, the current and ongoing impact of Covid-19 this not be possible, tenants should contact their landlords as soon prompted the Government to make a number of changes to ensure as possible to discuss an appropriate plan, such as paying off any that both landlords and tenants are able to contend with these arrears at a later date, or paying a reduced rent in the meantime. challenging circumstances. Landlords’ Legal Obligations Eviction Landlords must still ensure that all essential repairs are carried out In normal circumstances, landlords can regain possession of their on their tenanted properties. Of course, any person carrying out property in two months using Section 21 Form 6a. However, notices work should observe Government guidance regarding safe working served from 26th March 2020 to 28th August 2020 will require practices. landlords to give tenants three months’ notice and any notice served as of 29th August 2020 must give 6 months’ notice. This law is Letting Your Property currently set to remain in place until 30th September 2020, but this is Here at Armitstead Barnett, our dedicated lettings team is well subject to review. equipped to deal with the ever-changing situation with which Mortgage Payment Holiday landlords are currently faced. If you are considering letting your property or require management services, please feel free to get in Mortgage lenders have currently agreed to provide up to three touch with Gemma Worthington or Cathy Fish, Lettings Coordinators RESIDENTIAL AGENCY months of payment ‘holiday’, however this is not automatic and must at our Garstang Office, on 01995 603 180 be applied for. As of 2nd June 2020, the FCA confirmed that this three month holiday can be extended, and that the deadline for new UPDATE applications now closes on 31st October 2020. Fraser Wilson BSc (Hons), Rents and Arrears Graduate Surveyor Unfortunately, some people will inevitably be left in a difficult financial [email protected] situation due to the current global situation. Tenants are, however, still Since lockdown first eased our team has been in full swing, with a very This occurred throughout the rural market, with requirements altering; required to fulfil their legal obligations, including to pay rent. Should busy market. We have continued to market property across the rural the home office and garden space rose in importance – making us the and high end sectors the AB way, with some fantastic results. From ideal agent! fine houses and cottages, to smallholdings and farms – the market has definitely seen a shift. Comparing year on year, Armitstead Barnett has already agreed significantly more sales in 2020 than in 2019, despite lockdown. It LAND MARKET The start of 2020 saw a steady property market despite Brexit looming, will be interesting
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