On July 8th 2020, the chancellor – Rishi Sunak – announced a temporary ‘holiday’ on stamp duty on the first £500,000 of property sales in England and Wales. We take a look at what this could mean for you.
Those thinking about Spring and the changes it may bring are likely to be focused on the countdown towards the Brexit deadline of 29th March, but there are also homeowners, estate agents and solicitors up and down the country who are wondering whether to expect the traditional upsurge in the property market in April and May.
The price of properties, even so-called ‘first-time homes’ is completely out of proportion to the average income. To save for a deposit on your first home is now taking house-hunters (especially first-timers) years longer than before. The ‘Bank of Mum and Dad’ is an option if you’re struggling to get the funds together on your own, but if you don’t have the ability to borrow from family members, or are unable to raise the money for that essential deposit on your own, there is another way to get your foot on the first rung of the property ladder.
Buying a home can be stressful, especially for first-time buyers, so it's wise to do some research to ensure you know exactly what you’re getting yourself into. Conveyancing is the term that refers to the legal process of transferring one person's property (the seller), to another (the buyer).
As claims for incorrectly handled property rental deposits soar, landlords are being warned to ensure they, or their agents, are complying with the legal requirements if they want to avoid high penalties.
Barely a day goes by without a local newspaper recording the infringement of a Tree Preservation Order (TPO). These are often accompanied by protestations from the accused claiming they had no idea that a TPO was in place and, more frequently, detailing the fines imposed against them.
For years, homeowners have come to expect that their property value will increase. But headlines predicting a housing slump are backed by figures that show a sustained slow-down of activity in the housing market and a dip in the rate of growth for house prices too. But could that also have a knock-on effect for rental prices? And what is a ‘fair rent’ for the average property?
While listed buildings are often attractive, brimming with character and desirable purchases, they can come with potential headaches for the new owners.