Article Category: Residential Property – Insight & Opinion

Our House – A closer look at conveyancing fraud

conveyancing fraud

ITV drama highlights property scam: A closer look at conveyancing fraud This month, millions of viewers have been gripped by ITV drama Our House, based on a 2019 novel with the same name. The four-part thriller saw criminals steal a home and secretly sell it. In one episode, a mum of two comes home to… Read more »

New rules for private landlords and tenants in Wales

landlord and tenant

Kathryn Clare outlines some important information for private landlords and tenants in Wales of privately rented properties. Key changes to the Renting Homes Act (Wales) 2016 and Renting Homes Act (Amendment) (Wales) 2021 are being implemented from 15 July 2022. This applies to privately rented properties only and does not include information about social housing…. Read more »

Queen’s Speech 2021: Changes to the Planning System

On 11th May, changes to the planning system were announced in the Queen’s speech as the UK government set out its plan to help build 300,000 new homes per year and increase home ownership. This will involve the ‘biggest shake up to the planning system in 70 years’ as the  government indicated that its focus… Read more »

Misrepresentation in Property Transactions

mental health awareness week - woman stressed at work

With the news that property transactions rocketed by “over 48% in February 2021”, buyers should be aware of their rights should problems arise with the property once completion has taken place. What can you do if you’ve become a victim of misrepresentation during a property transaction? “Caveat Emptor” aka Buyer Beware The basic position when… Read more »

How Would a Rise in Capital Gains Tax Affect Residential Properties?

Chancellor, Rishi Sunak, announced in his 2021 Budget that the Capital Gains Tax (CGT) rate would be left unchanged. From a property perspective, CGT applies to the profit made on the selling of buy-to-let properties and second homes. The threshold for CGT currently stands at £12,300, and the rate stands at 28% for higher rate… Read more »

Budget 2021: Stamp Duty Holiday Extension and Mortgage Guarantee

Keys for new home - stamp duty holiday extension and mortgage guarantee scheme announced in latest budget

In an attempt to mitigate the effects of the COVID-19 pandemic, Chancellor Rishi Sunak announced an extension to the Stamp Duty Land Tax (SDLT) holiday, along with a new mortgage guarantee. Stamp Duty Land Tax (SDLT) Holiday Extension The stamp duty holiday on property purchases below £500,000 has now been extended for 3 months until… Read more »

Changes to the Statutory Lease Extension Process for Residential Flats

Signing of a lease extension agreement

On the 7th January 2021, the Housing Secretary, Robert Jenrick, announced that under proposed Government reforms, leaseholders (tenants) will be given the right to extend their lease by a maximum term of 990 years at zero ground rent. These proposals come off the back of a Law Commission report in July 2020, which set out… Read more »

How Sellers Can Speed up the Property Transaction Process

Buying and selling a residential property can be stressful and time-consuming without the help of a property lawyer from the outset. Andrew Clark, Partner in the Property team, outlines how sellers can help to speed up the property transaction process and explains the how a proactive property lawyer can help ease the pressure of, not… Read more »

What Will Happen to the Residential Property Market after COVID-19?

insights on the property market after COVID-19

The COVID-19 restrictions which were put in place in March are slowly being eased. New guidelines state that the buying and selling of residential properties is now allowed, as long as social distancing measures are followed. Andrew Clark, Partner in the Property team, shares his thoughts on how the outbreak has impacted the property market… Read more »

Plans to Kick-start the Property Market Launched

We are pleased to announce that conveyancing is moving again. On the 12th May 2020, the Government announced that the COVID-19 lockdown restrictions would no longer apply to the process of moving house from Wednesday 13th May 2020. Our conveyancing team has been working extremely hard throughout the lockdown period, progressing cases for clients to ensure… Read more »