BSP entitlements

Discussion in 'Tenant Farming, Subsidies, BPS & Legal Issues' started by deereman1, Dec 30, 2018.

  1. deereman1

    deereman1 Member

    hi when the best time to sell entitlements
    Any idea what they making
     
  2. Speedstar

    Speedstar Member

    Location:
    Scottish Borders
    Any time from the start of January and value 1.5 to 2 times face value is what I was quoted
     
  3. spin cycle

    spin cycle Member

    Location:
    north norfolk
    i have 6 to sell
     
  4. Speedstar

    Speedstar Member

    Location:
    Scottish Borders
    I have some to sell as well
     
  5. Still Farming

    Still Farming Member

    Location:
    Glamorgan Wales
    Open bidding with £?
     
  6. Speedstar

    Speedstar Member

    Location:
    Scottish Borders
    Make me an offer ,
     
  7. Still Farming

    Still Farming Member

    Location:
    Glamorgan Wales
    Scottish ones are they?
    Just suggested as people may get an idea what their worth or what you want for them.
     
  8. Speedstar

    Speedstar Member

    Location:
    Scottish Borders
    Yes Scottish ones
     
    Still Farming likes this.
  9. Texel Tup

    Texel Tup Member

    Location:
    North Norfolk
    Is there a site or perhaps a media outlet where those who wish to buy and sell Entitlements can do so, without involving agents, and their fees?
     
  10. spin cycle

    spin cycle Member

    Location:
    north norfolk
    i've loaned and bought entitlements on here:)
     
    Texel Tup likes this.
  11. 2tractors

    2tractors Member

    Location:
    Cornwall
    Yes I sold more than half my retirement entitlements on here last year to 3 forum members. Use the PM facility for communication. The RPA on line transfer system works well and takes a couple of minutes.

    I did use a local agent for the remainder who was reasonable at 7.5 % and did get the best gross value so little difference in net price. However some of the agents fees quoted were eye watering.

    If buying you do need assurance the entitlements have been used in accordance with the rules so no danger of them being clawed back by the RPA.
     
    Texel Tup likes this.
  12. Texel Tup

    Texel Tup Member

    Location:
    North Norfolk
    Thank you for that spin cycle and 2tractors. The entitlements have been used correctly, and I'm selling, obviously. The tenancy has been brought to a close by the Landlord - they have voiced an interest in them, but considering how they conduct themselves, there's a question of trust, and from here, there is none - at all.
    2tractors - what are retirement entitlements - - or is that just a description which you've given them?
     
  13. Lazy Sod

    Lazy Sod Member

    Location:
    Warminster
    I used an agent to handle the sale of mine for a fixed fee as I already had a buyer. The agent's fee worked out at £2.83 per entitlement. This included advice on the price that could be expected.
     
    Last edited: Jan 5, 2019
    Old Tip and Flat 10 like this.
  14. 2tractors

    2tractors Member

    Location:
    Cornwall
    Yes just my description, like you I was leaving a tenancy and the new tenant didn't require them.
     
  15. Old Tip

    Old Tip Member

    Location:
    Cumbria
    Seeing entitlements will be going down in value year on year by anything from 10 to 90% it’s a bit of a gamble to pay much more than than the current face value I would think.
     
  16. Frank-the-Wool

    Location:
    East Sussex
    If the government lose the vote on taxation in the event of a no deal Brexit then there won't be any money to pay it!!
     
    Old Tip likes this.
  17. Phil P

    Phil P Member

    Location:
    North West
    Any bought any uk non sda entitlements in the past few days or know what they’re trading at?
    I need some for some land we bought last year, the chap we bought the land of has the entitlements for it and will part with them but need to know what a sensible offer is given the current political climate!
     
  18. Henery

    Henery Member

    Location:
    South shropshire
    £140 each....
     
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  19. spin cycle

    spin cycle Member

    Location:
    north norfolk
    i'll sell you 6 for £125/ha
     
    Phil P likes this.
  20. Phil P

    Phil P Member

    Location:
    North West
    Thanks, we’ve got them lined up (need a few more than 6) but need to know what they’re trading at to make an offer. Spoke to Roystons brokers and they said between £130 and £150, so probably not far off the mark by the sound of it.
    I’ll start at £110 and see how it goes:whistle::ROFLMAO:, never know I may get lucky;)
     
    Old Tip and spin cycle like this.

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