Category: Residential Property

Rural Properties & Rural Businesses

While many in the UK’s countryside will be looking forward to the 12th of August, really not so glorious if you’re a red grouse, those with business in mind are likely to be more focused on 31st October. With a new British Prime Minister and Ladbrokes’s odds of a ‘no deal’ Brexit now 6/4 those …

EPC Requirements for Rental Properties

What has changed? From April 2018, the regulations concerning Energy Performance Certificates (EPCs) changed for rental properties (and commercial properties). The aim was to reduce wasted energy and costs for the tenant, help lower greenhouse gases and improve the condition of certain properties. The Minimum Energy Efficient Standards (MEES) requirement for residential properties let on …

Stamp Duty Land Tax (SDLT), seek specialist relief advice

SDLT replaced Stamp Duty in 2003. Instead of being a tax on documents, SDLT is a tax on land transactions and broadly covers the purchase or transfer of land in England. Once considered a relatively straightforward property tax, the introduction of the higher rate brought with it layers of complexity. The higher rate 3% on …

Equity Release

For homeowners, equity release lending is becoming more popular than ever for those who want to extract some wealth from their property. But what is it and why are more people choosing to go down this route? Equity release is a way of accessing the money which is secured in your property. It is available …

Transfer of Equity and SDLT

Stamp Duty Land Tax (SDLT) liability is something house buyers are all too aware of. However, what often comes as a surprise is that SDLT may be payable if you acquire a share in a property by way of a “Transfer of Equity” even in a situation where no money or consideration is payable. A …

More good news on Help to Buy

Prominent amongst the property related reforms in the Budget was the announcement of additional Stamp Duty Land Tax (SDLT) relief for first time buyers of shared ownership properties up to a maximum of £500k in England and Northern Ireland. For properties over £500k, no exemption is available and you’ll have to pay SDLT at the …

Don’t let Japanese knotweed get you tangled up in a legal dispute.

You could be sued for private nuisance by allowing Japanese knotweed to spread onto neighbouring land. Private nuisance is defined as: “The unlawful interference with a person’s use or enjoyment of land, or some right over, or in connection with it.”  Landowners or tenants of properties affected by Japanese knotweed could bring action against the …

Property update

The government has suggested several proposals to help boost the property market. The main focuses are to help speed up the conveyancing process and help restore consumers’ confidence. Proposal 1 – Buyers and sellers to use the same solicitor At present this is extremely rare as there is much room for a conflict of interest. …

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