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Last week the government announced key updates regarding the property market which may change the position of many people with regard to buying and selling properties. On Wednesday, it confirmed that the public can now visit property agents and view properties provided that social distancing measures are in place. All activities that support the sale or purchase of a property are also able to resume. Continue reading →
Litigants who fail strictly to comply with judges’ orders risk the dire consequence of having their cases dismissed without a hearing. That very nearly happened to a commercial tenant in a dispute over alleged rent arrears. Continue reading →
Traps for the unwary lurk within many old title deeds and that is one reason why you should never buy or sell land without taking professional advice. A High Court case in point concerned a plot of land that was subject to a decades-old diktat that it must only be used as a motor garage. Continue reading →
New homes built in the grounds of existing residences make a valuable contribution to meeting burgeoning housing demand. However, as a decision of the First-tier Tribunal (FTT) showed, restrictions lurking in antique title deeds can stand in the way of such projects. Continue reading →
Healys are delighted to announce that they have been shortlisted for the second time in two years to win “Mortgage Conveyancer of the Year” at The Mortgage Awards. Continue reading →
As part of its strategy to help JAMS (just about managing) people, the Chancellor has announced plans today in the Government’s Autumn Statement that landlords in England and Wales will be banned from charging letting agents’ fees to residential tenants. No date has been set for the onset of the legislation, but the government hopes this will be “as soon as possible”. There is already a ban in place in Scotland. Continue reading →
If you were unaware, the Government imposed Stamp Duty Land Tax (SDLT) changes on anyone buying a second home. As of 1st April 2016, the SDLT rate on purchasing/investing in a second property has increased. For example, before 1st April 2016, if you were investing in a property with the value of over £250,001 you would have to pay an SDLT rate of 5%, after the 1st April 2016 the rate rises to 8%. To put this in perspective, the average house price in Brighton is £352,037, you would pay £17,851.85 before the 1st April 2016. Continue reading →
Shared ownership on the River Thames is now an option for a few Londoners – all of whom are likely to be first-time buyers – with the development of flats at an exclusive site on the Greenwich Peninsula.
The Platinum Riverside apartment block initially went on sale around two years ago and attracted buyers from destinations as far afield as China, Russia, UAE, Hong Kong and Singapore. Now, in line with housing rules, the developers, Bellway Homes, are now offering first-time buyers on incomes no greater than £50,000 the opportunity to buy into a shared ownership scheme.
