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Stamp Duty on shared ownership property explained
Posted: 07/10/2022
While we always stress to our clients who sell shared ownership property that they should never give advice or guidance to customers on the complexities of Stamp Duty Land Tax (SDLT), we do believe it is helpful for sales professionals to have an understanding of shared ownership SDLT......>>
What does the falling pound and market volatility mean for separating couples?
Posted: 05/10/2022
Rachel Donald, partner in Penningtons Manches Cooper's family law team, considers the issues that may arise for separating couples in a volatile market. Last week sterling fell to a record low. In 2022, the pound has fallen over 16% against the US dollar and 7% on a trade weighted index......>>
Home warranty certificates – are they worth the paper they are written on?
Posted: 08/10/2021
Where a new home is being constructed, it is essential for it to be constructed under a new home warranty scheme that will be acceptable to a registered provider and their lender, and any lender to a shared ownership purchaser. NHBC offers new home warranties for around 80 per cent of the new completions, but other providers are entering the market......>>
Forget me knot? New guidance gives hope to those affected by Japanese knotweed
Posted: 08/10/2021
RICS, working with the Housing, Communities and Local Government (HCLG) Select Committee and DEFRA, has produced a draft guidance note on Japanese knotweed and its impact on residential property. The new draft guidance is intended to create confidence that the presence of knotweed does not need to be a death sentence for home sales......>>
Landlord's fixtures - When is a door not a door?
Posted: 14/07/2021
‘When is a door not a door? When it's ajar!’ is a joke which used to appear in Christmas crackers. Now the Court of Appeal in the case of Marlborough Knightsbridge Management Limited v Thierry Gilles Fivaz has answered the question - is the front door of a leasehold flat a landlord's fixture? The answer is, it's not......>>
Getting up to standard: shifting the built environment towards net zero
Posted: 15/04/2021
According to the Climate Change Committee, the independent body which advises the Government on emissions targets, buildings account for 34% of total UK greenhouse gas emissions. Understandably, following the Government’s commitment to achieve net-zero carbon emissions by 2050, regulations covering the built environment...…>>
The new SDLT surcharge for non-UK resident buyers
Posted: 29/01/2021
New rates of stamp duty land tax (SDLT) will be introduced shortly, for purchasers of residential property in England and Northern Ireland who are not resident in the UK. The new rates will be 2% higher than those that apply to purchases made by UK residents and will apply from 1 April 2021...…>>
Deadline extension for the Building Safety (non-ACM) Fund and a new £30 million Waking Watch Relief Fund
Posted: 06/01/2021
In the March 2020 budget, the Government announced that it would provide £1 billion in 2020 to 2021 to support the remediation of unsafe non-ACM cladding systems on residential buildings 18 metres and over in both the private and social housing sectors. The deadline for applications was originally 31 December 2020...…>>
A decade of tax change and why UK property is still the asset to own
Posted: 13/11/2020
Despite the ongoing, all-consuming exit from the European Union, the worst societal and economic crisis in a generation, and a multitude of changes to the applicable tax rules, residential property remains an attractive asset class for anyone looking to live, or invest, in the UK...…>>
Why e-signatures are the new norm for real estate
Posted: 17/08/2020
Katherine Crowley and Tarnya Mason consider the impact of the Land Registry’s decision to accept e-signatures. In our first article, we talked about how the Covid-19 pandemic has accelerated the pace of digital transformation. The change in the Land Registry’s policy in the intervening four weeks is perhaps the best example yet of this...…>>

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