Bradleys Chartered Surveyors
  • Toms Update
  • The Iniquity of Stamp Duty (SDLT)


    We all have our gripes with the Government and mine this month is the rate of Stamp Duty.


    Stamp Duty rates can be really off-putting to many buyers, and only helps to slow up the property market. I am not saying that Stamp Duty rates have to be cut, it is simply that they should be more fair and reasonable. This would increase the numbers of transactions and this would actually increase the amount of tax received by the Government.


    We all know that Buy To Let landlords have to pay an extra 3% on buying any buy to let properties and this is because the Government want to stop so many properties being purchased by private landlords (apparently it is unhealthy for the financial wellbeing of the country that there are so many buy to let properties) then it is understandable that the Government put on this additional tax. And First Time Buyers very often have to pay no Stamp Duty which is certainly encouraging to First Time Buyers.


    However, quite simply the Government have not got it right. As an example a First Time Buyer paying £250,000 for a property pays no Stamp Duty. My feeling is that any First Time Buyer able to pay £250,000 for a property should be able to pay some Stamp Duty. A Second Time Buyer on a purchase of £250,000 will pay £2,400 in Stamp Duty – this does appear to be slightly on the low side and again anybody buying a property for a quarter of a million pounds (which is higher than the average property price) should pay a bit more.


    A Second Time Buyer will pay £15,000 to buy a £500,000 house. This does put off purchasers and certainly I can imagine that a bill of £15,000 for the Government doing absolutely nothing would discourage anybody moving in this price range. Even more unfair is a bill of £43,750 when buying a million pound house and quite rightly those people able to afford a million pounds are really put off by paying this amount of Stamp Duty. Of course rich people should pay more, but this is clearly over the top.


    As everyone knows the Government’s income from Stamp Duty has increased substantially over the years but it has resulted in a decrease at the higher end and in a stifling of the property market. If Stamp Duty was more fairly arranged it would result in more property transactions, a more fluid property market and much better for the tax paying customers.


    It would also probably benefit surveyors and estate agents from more business but of course that is a side issue.


    Tom Davies

    Tom Davies

    Managing Director

  • Latest News
  • About Us
  • Bradleys Surveyors are a firm of Chartered Surveyors with vast experience operating throughout the core of the West Country, providing a straightforward and thorough service throughout Cornwall, Devon, and Somerset.


    Our RICS accredited Surveyors can aid you in a wide range of property services such as a Building Survey or HomeBuyer Report to assist you with your house purchase or one of the various valuations we specialise in. We have expertise in both residential and commercial property to satisfy our many different clients.


    Recent research has revealed that up to 90% of the residential properties inspected today suffer from some kind of defect. As a result, many buyers are unknowingly setting themselves up with the average bill of £5,750 to overcome hidden problems which would have been acknowledged by one of our surveyors in a report often costing as little as 10% of that bill! For many purchasing a property will be the largest investment of their life so don’t delay in gaining friendly and comprehensive reassurance from one of our surveyors today!

  • Homebuyers Report
  • The RICS HomeBuyer Report is a user friendly document presenting clear recommendations to the client, providing that extra reassurance before commitment to purchase is made. Comments are made in respect of the interior and exterior structure, services, grounds and legal issues in conjunction with a traffic light condition rating system. The knowledge of any existing or potential areas of concern allows the client to make a reasoned and informed judgement on their future home.

    Find Out More...
  • Building Surveys
  • The most comprehensive survey available, a Building Survey will provide a technical breakdown of construction and condition of the structure and its main components. Any existing or potential defects will be identified, an opinion on origin given along with recommendations to overcome and prevent in the future. Information regarding specific issues such as structural movement, timber defects and dampness will be included providing you with a detailed assessment of your future home.

    Find Out More...
  • Valuations
  • Our Chartered Surveyors are highly experienced in undertaking a wide range of valuation services, all in accordance with RICS standards. We can provide you with a valuation for many purposes (both residential and commercial) including Matrimonial Disputes, Probate/Inheritance Tax, Capital Gains Tax and more. On contact with a member of our friendly, knowledgeable staff we will be able to understand your needs and direct you appropriately and efficiently.

    Find Out More...
  • Specialist Services
  • In addition, we at Bradleys Surveyors also offer a range of specialist services to meet our vast experience of this unique area of tht your survey needs. These include Expert Witness Reports, Concrete Testing and Professional Consultant’s Certificates to name a few. With the many issues specific to Cornwall, Devon and Somersee Country will fill you with confidence in all aspects of survey work.

    Find Out More...

Career Opportunities

Qualified Chartered Surveyor Required

Must be MRICS, FRICS or AssocRICS. Carrying out mortgage valuations and surveys on residential property. Preferably living within a 25 mile radius of Plymouth to cover the Plymouth and surrounding areas. Competitive salary and commission to be negotiated dependant on hours, experience etc. Four days a week optional. Varied interesting work and working with really good team.

To apply for this position please send your CV to sueshears@beagroup.co.uk

Toms Update!

The Iniquity of Stamp Duty (SDLT)


We all have our gripes with the Government and mine this month is the rate of Stamp Duty.


Stamp Duty rates can be really off-putting to many buyers, and only helps to slow up the property market. I am not saying that Stamp Duty rates have to be cut, it is simply that they should be more fair and reasonable. This would increase the numbers of transactions and this would actually increase the amount of tax received by the Government.


We all know that Buy To Let landlords have to pay an extra 3% on buying any buy to let properties and this is because the Government want to stop so many properties being purchased by private landlords (apparently it is unhealthy for the financial wellbeing of the country that there are so many buy to let properties) then it is understandable that the Government put on this additional tax. And First Time Buyers very often have to pay no Stamp Duty which is certainly encouraging to First Time Buyers.


However, quite simply the Government have not got it right. As an example a First Time Buyer paying £250,000 for a property pays no Stamp Duty. My feeling is that any First Time Buyer able to pay £250,000 for a property should be able to pay some Stamp Duty. A Second Time Buyer on a purchase of £250,000 will pay £2,400 in Stamp Duty – this does appear to be slightly on the low side and again anybody buying a property for a quarter of a million pounds (which is higher than the average property price) should pay a bit more.


A Second Time Buyer will pay £15,000 to buy a £500,000 house. This does put off purchasers and certainly I can imagine that a bill of £15,000 for the Government doing absolutely nothing would discourage anybody moving in this price range. Even more unfair is a bill of £43,750 when buying a million pound house and quite rightly those people able to afford a million pounds are really put off by paying this amount of Stamp Duty. Of course rich people should pay more, but this is clearly over the top.


As everyone knows the Government’s income from Stamp Duty has increased substantially over the years but it has resulted in a decrease at the higher end and in a stifling of the property market. If Stamp Duty was more fairly arranged it would result in more property transactions, a more fluid property market and much better for the tax paying customers.


It would also probably benefit surveyors and estate agents from more business but of course that is a side issue.


Tom Davies

Tom Davies

Managing Director

Latest News

About Us

Bradleys Surveyors are a firm of Chartered Surveyors with vast experience operating throughout the core of the West Country, providing a straightforward and thorough service throughout Cornwall, Devon, and Somerset.


Our RICS accredited Surveyors can aid you in a wide range of property services such as a Building Survey or HomeBuyer Report to assist you with your house purchase or one of the various valuations we specialise in. We have expertise in both residential and commercial property to satisfy our many different clients.


Recent research has revealed that up to 90% of the residential properties inspected today suffer from some kind of defect. As a result, many buyers are unknowingly setting themselves up with the average bill of £5,750 to overcome hidden problems which would have been acknowledged by one of our surveyors in a report often costing as little as 10% of that bill! For many purchasing a property will be the largest investment of their life so don’t delay in gaining friendly and comprehensive reassurance from one of our surveyors today!