Events in the property market are largely controlled by turnover and turnover affects prices - up or down. There are major events like world wars and global pandemics and inconvenient events like fuel and food shortages, interest rate increasing and cost of living rises. But it might surprise you to learn that the events which so often drive the pr...
At the end of March 2022, all of the Local Planning Authorities in Cumbria received 'Nutrient Neutrality Notifications' from Natural England in relation to rivers and waterbodies in the catchments of Protected Habitat Sites. Natural England have issued this advice where Habitats Sites are in an unfavourable conservation status and additional nutrie...
Penrith Farmers' and Kidd's PLC (PFK) are delighted to announce the appointment of a new non-executive director. Ian Lancaster was appointed to the Board in February 2022. Ian, born and bred in Cumbria, has his own Chartered Accountancy firm in the city of Carlisle. He is married to Jayne and has three sons, aged 27, 25 and 20. Alongside his accoun...
As we head into spring, Lynne Lancaster of PFK Estate Agents looks at what's required to win the race to buy a home. Markets are forever in flux. So our handling of markets must be flexible. We can buy, hold or sell in the stock market depending on conditions. In a fruit and vegetable market we can buy the freshest produce early in t...
The Bank of England have today issued a consultation on changing the affordability tests for large mortgages in the wake of the global financial crisis. Whilst house prices continue to increase is this the right way forward? Lynne Lancaster Head of Estate Agency at PFK said "We are seeing some clients who are looking for larger mortgages find thems...
Even seasoned estate agents say that there has rarely been a property market like this. "Property prices rising at pre-banking crisis levels", "Properties for sale - numbers lowest in decades", say the press in reaction to comments made by lenders, property websites and other interested parties. Moving might not be complicated for buyers who don't ...
At PFK we have throughout our 145-year history always been passionate about property, dedicated to customer service and proud of our people. We saw frenzied market activity throughout 2021 with just under £180 Million worth of property and land transacted through PFK and we continue to record even higher levels of buyer demand which is driven by a ...
PFK have been helping farmers, landowners, developers, rural businesses and individuals in all aspects of rural development for over 145 years. Our planning services encompass new residential development and agricultural workers dwellings, agricultural buildings and permitted development rights, local and agricultural occupancy conditions, lawful d...
There has been plenty written recently about planning for the future given the changes which are pending in the agricultural industry, but one type of planning which seems to be in short supply is the planning on how to pass on your farm to the next generation. In a recent survey carried out by NFU Mutual, it found that 52% of farmers surveyed did ...
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Whilst it is no doubt nice to be able to look back on what, for many, has been a successful year in the farming calendar, with all commodity prices showing significant gains on recent years, as everyone in agriculture is aware, this shouldn't mask the changes that we all face in terms of the pending start to the reduction in the payments received u...
DEFRA have launched the Farming Investment Fund. The Fund is made up of 2 strands – The Farming Equipment and Technology Fund and The Farming Transformation Fund. The grant is aimed at providing farmers, growers, and foresters with support to invest in the things which will improve productivity and help improve animal health and welfare and r...
Optimising use of organic manure not only benefits soil structure and health, but can also save a small fortune in artificial fertilizer costs. With nitrogen prices spiralling ever upwards at present and reaching heights which make you wince, now is the time to look to ensure you are making optimal use of the organic manure which you produce on you...
As we all know, things in farming are changing. BPS is reducing, starting with this year's payment. If you have had an HLS / ELS agreement, then these have either come to an end, or will do within the next couple of years. The Sustainable Farming Incentive pilot has been launched this year, with different elements being rolled out over the next cou...
As the nights draw in, and autumn is heading our way fast, you don't immediately think of selling property, but if this is something you are thinking about, then now is the time to start planning. The rural property market is very buoyant at present, with demand being shown from a multitude of different property buyers, so if you are thinking about...
We are delighted to announce the appointment of James Martin to our Land Agency and Professional Services team, after having completed his Masters Degree in Rural Estate Management at the University of Aberdeen. James grew up in Cumbria and attended Queen Elizabeth Grammar School, just around the corner from our Penrith office. After moving away to...
Drawing up a tenancy agreement is often a difficult task – here's what you need to know: The most common form of tenancy used for residential properties is an Assured Shorthold Tenancy, most commonly referred to as an AST. Since 1997 all new tenancies in the UK are Assured Shorthold Tenancies by default unless agreed otherwise. AST's must also meet...
David Stout writes on how those in the rural sector can take advantage of the changing times. I'm sure I'm far from alone when saying that for most of us involved in agriculture and the rural sector generally this feels like a highly significant time for us all. Much continues to be written and said about how the changes to the support system...
On Wednesday 7th July 2021, our Land Agency team virtually attended the annual RICS Rural Conference. The agenda focused heavily on the future of the UKs agricultural policy, with key speakers including Victoria Prentis MP, Farming Minister, Parliamentary Under Secretary of State for Farming, Fisheries and Food, DEFRA and Lord Callanan Parliamentar...
My friends in the Midlands tell me that the housing market there has recently been all but frantic. Perfectly ordinary houses (their words, not mine!) attracted numerous viewings almost as soon as they were listed. Was it the urge to benefit from the tail-end of the Chancellor's reduction in stamp duty, even though it was already partially wi...
