Discover the historic town of Newmarket in Suffolk

Discover the historic town of Newmarket in Suffolk

Whether you simply love British Horse Racing or you’re looking for a new home in the heart of the Suffolk countryside, the team at Whately Lane Estate Agents will show you everything Newmarket has to offer.

Property for sale in Newmarket

Beautifully presented two bedroom first-floor apartment in Newmarket
For Sale. First-Floor Apartment. 9 The Gallops, Newmarket

Newmarket is steeped in racing history and examples of its heritage can be seen everywhere you look.

The architecture in Newmarket is predominately late 19th and early 20th century and many of the properties we sell retain the original period features.

If you are looking for a property in Newmarket, we highly recommend this beautifully presented two bedroom, first-floor apartment, with fantastic views over Newmarket’s famous Warren Hill, also known as The Gallops.

Places to visit in Newmarket

At Whatley Lane Estate Agents, we highly recommend a tour of The Jockey Club Rooms, Tattersalls, The National Stud and the famed gallops. The National Stud is the only thoroughbred stud farm in the UK to allow members of the public behind the scenes, so well worth a visit.

The Gallops

If you are up early enough, you might see the thoroughbred’s emerging through town towards the training grounds along the heath, near Warren Hill.

Visitors to Newmarket

Newmarket attracts an array of visitors throughout the year.  We are especially busy during  in July when The Newmarket Racecourse  hosts live gigs for a variety of famous bands and musicians. The line up for The Newmarket Nights 2019 promises live performances from Madness, Rudimental and the Kaiser Chefs.

Her Majesty The Queen is often spotted on unofficial visits to Newmarket

Our historic market town has a lot to offer residents and visitors. Newmarket town centre offers a thriving array of fast-food, fine-dining restaurants, shops and independent cafes.

Newmarket and the surrounding area

If you venture further afield, the surrounding towns and villages offer a variety of activities, attractions and places to visit. Activities include, cycling in Thetford Forest, walks through National Trust Estates and trips to the Norfolk Coast.

Also, you’re only a 20-minute drive from Cambridge, Thetford and Bury St Edmonds, and a 50-minute train journey into London from Newmarket.

If you are looking for a property to buy or rent in Newmarket, contact Whatley Lane Estate Agents on 01638 561 187

Changes to buy-to-let property tax relief

Whether you are seasoned landlord or you’re thinking about investing in your first buy-to-let property, the Lettings team at Whatley Lane Estate Agents recommend that you consider your position carefully.  We also make you aware of recent changes to the buy-to-let property tax changes that may affect your property income.

Since April 2017, HMRC has been gradually restricting the amount of Income Tax Relief landlords can get on residential property finance to the basic rate of tax.

You will have be affected by the changes to buy-let-property taxes if you’re a:

  • UK resident individual that lets residential properties in the UK or overseas
  • non-UK resident individual that lets residential properties in the UK
  • individual who let such properties in partnership
  • trustee or beneficiary of trusts liable for Income Tax on the property profits.

The restricted finance costs include interest on:

  • mortgages
  • loans – including loans to buy furnishings
  • overdrafts

The tax changes do not apply to:

  • UK resident companies
  • non-UK resident companies
  • landlords of Furnished Holiday Lettings

Is it worth setting up a company to manage your buy-to-let properties?  

One solution could be to transfer your properties to a new company.  However, this can crystallise Capital Gains Tax (CGT) and Stamp Duty (SDLT) liabilities.  Depending on your own individual circumstances, it may be possible to reduce (or even eliminate) these tax liabilities but careful planning is needed beforehand.

Whilst achieving full tax relief on loan interest and paying Corporation Tax on net rents at 19% is attractive, please remember that if you want access to the profit in the company, additional tax will also be payable personally.  Also, running a company is administratively burdensome and you will also need to consider the logistics of moving the borrowings.

For more information or guidance on letting a property in the UK, please contact our lettings team on 01638 561187 & 01284 765 256