Stamp of approval for reform

One of our directors has featured in an article in the Portsmouth News welcoming the long overdue overhaul of stamp duty.
Comments from Ian Lee were included in a feature from the Portsmouth Property Association (PPA) giving the sweeping reform the stamp of approval.
Ian, who is a former PPA chairman, pointed out that the shake-up will have positive knock on effects for the wider property industry.
Chancellor George Osborne made the shock move to slash the unpopular levy in his Autumn Statement to the House of Commons.
The sweeping reform will save buyers an average of £4,500 as long as their new home is worth less than £937,500.
The previous stamp duty system was based on amounts owed jumping at certain threshold levels.
This has been replaced by a graduated rate, with different amounts of duty due on the parts of a property’s value that fall into five new bands. They will no longer pay the same rate on the entire purchase.
Nothing will be paid on the first £125,000 of a property price and then 2% on the next portion of the property up to £250,000, 5% up to £925,000, 10% on the portion up to £1.5million and 12% on anything above that.
Under the new duty, buyers will save £1,000 on a £150,000 property and £500 on a £200,000 property.
On the UK average first time buyer price of £210,000 there will be a saving of £400, while at the average UK house price of £275,000 the saving will reach £4,500.
The saving stands at £4,900 on a property costing £510,000 and £1,000 on a £900,000 property.
A £2million property will carry an increase of £53,750 and a £5million property will have an increase of £163,750.
Visit the PPA website at www.portsmouthproperty.co.uk/articles/ppa-welcomes-shock-stamp-duty-overhaul-94.html for more details.

One of our directors has featured in an article in the Portsmouth News welcoming the long overdue overhaul of stamp…

6th February 2024

A Dynamic Collaboration in Topographical and Utility Surveys

In light of the critical importance of precision and accuracy in the world of land development, McAndrew Martin places great emphasis on the pivotal role that comprehensive surveys play in laying the groundwork for successful projects. Presently, some of our key members are actively engaged in on-site topographical, utility, and…
25th January 2024

Piloting the Company Drone

During a recent survey at a site near Canterbury, our apprentice building surveyor, Josh O’Leary, was accompanied by our experienced surveyor and drone pilot, Rob Graham, as part of Josh’s learning and development plan. Together, they piloted our company drone through a demolition site assessment, shedding light on the remarkable…
13th December 2023

New MML strapline

The MML website has been refreshed and updated, making it more user-friendly, informative, and inviting. Work hasn’t stopped and it will continue to evolve and showcase our capabilities and achievements, along with our latest news.    The new MML strapline was launched on Friday 15th December 2023. “Critical Service Solutions…
5th December 2023

McAndrew Martin Ltd is very pleased to announce that Luis Correia has joined our team

Luis is an extremely accomplished, creative, and innovate Chartered Structural Engineer. With over 16 years in the industry, he is driven by architecturally-led buildings and has been exposed to a variety of scales, typologies, and sectors (residential, commercial, transport and energy). This has led to extensive experience of working in…
28th November 2023

Congratulations to our BIM Co-Ordinators

Congratulations to Siddarth Bhonsle, Senior BIM Co-Ordinator (right), and Akshayaraj Bathala, Junior BIM Co-Ordinator (left), for successfully completing their Master’s Degree in ‘BIM in Design, Construction, and Operation’, at the University of the West of England – Bristol on Friday, October 24th, 2023. Their expertise will significantly enhance the documentation…
28th November 2023

RAF Leadership & Team building Day at RAF Cranwell, OASC.

McAndrew Martin was one of several companies, along with a Welsh fire service, that took advantage of the offer for Leadership and Teambuilding training by the RAF. The training took place at the Officer and Air Crew Selection Centre (OASC), RAF Cranwell, near Lincoln. Despite the distance, it proved to…
21st November 2023

Warsash Wasps Sponsorship

McAndrew Martin Ltd is delighted to have sponsored The Warsash Wasps, U9 Girls’ football team. We’ve supplied them with training tops and waterproof jackets to support their training during the colder and wetter weather conditions. We extend our best wishes for their success and look forward to continuing our support…
14th November 2023

Remembrance Weekend

On this Remembrance weekend, November 2023, members of the McAndrew Martin Family honoured and remembered those who made the ultimate sacrifice for our freedom. On Saturday 11th November, Rab Bailie, Tina Davies, Tara Payton & Pauline Hatchard took part in the inaugural Southampton Poppy Walk around Royal Victoria Park near…
9th November 2023

Insights from PROCUREX Wales

In today’s rapidly evolving world, it’s imperative for industries to come together and explore ways to reduce carbon emissions and foster sustainable growth. Recently, some members of our team had the privilege of attending Procurex Wales, an event that promised to shed light on cutting-edge strategies in this critical domain….