The ban on ground rents is now due to come into effect on 30.06.2022 The Leasehold Reform (Ground Rent) Act 2002 will restrict ground rents on most new long residential leases in England and Wales to the value of zero, or as otherwise known, a token “peppercorn” rent per year. Although the new law effectively […]
The housing market received a further boost today with Rishi Sunak announcing that the stamp duty holiday will be extended to the 30th June 2021. He also announced that after this period the amount of the purchase price of property when stamp duty is payable at all will double to £250,000 up until the 1st […]
With all the strong storms and extreme weather conditions recently as can be seen from the photo this can lead to heavy consequences where peoples houses are concerned. It is extremely important when purchasing your new home that you ask your conveyancer to commission an environmental search to check for flooding in the area where […]
Many people are unaware that clay related subsidence is a major cause of building damage accounting for 35000 insurance claims a year! Although more common in the south of England due to generally drier summers, this can occur in all parts of the UK. The damage is mainly caused by the clay in the soil […]
As more apartment blocks are built in England and Wales more people will be buying a property on a leasehold basis . This means usually that the property will come with certain restrictions that must be checked very carefully. It is also very important that the yearly cost of management fees and other potential fees […]
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