Residential property

Bank of Mum and Dad: Concessionary Purchases

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Occasionally Mum and Dad own a family home which could be transferred to a son or daughter when Mum and Dad downsize. In these situations it is not uncommon for the parents to agree to transfer the property at undervalue, with the rest of the value effectively being a gift. More …

The commonhold revolution

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In December 2018 the Law Commission published a Consultation Paper on commonhold reform: "Reinvigorating commonhold: the alternative to leasehold ownership." We examine in more detail. More …

Welcome relief for tenants as the Tenant Fees Act is signed into law

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In a move likely to impact anyone involved in the private rental sector, Parliament has enacted a bill known as the Tenant Fees Act 2019 which marks the end of the majority of upfront fees charged by landlords and letting agents in England. More …

Too derelict to be a dwelling

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In a recently decided First Tier Tribunal case, P N Bewley Ltd escaped the higher rates of stamp duty land tax (SDLT) on the purchase of a dilapidated bungalow which it bought for demolition and redevelopment. This was on the basis that on the date of completion the building was not “suitable for use as a single dwelling”. The central heating system had been removed, some floorboards were missing and the presence of asbestos made a refurbishment unviable. More …

Non-resident buyers and 1% extra SDLT

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At the end of September 2018, just ahead of the Conservative Party Conference, Theresa May announced she was discussing with colleagues changes to increase stamp duty land tax for buyers who do not pay UK tax. There was talk of it being an extra 1 to 3% of the purchase price and the money being used to help the homeless. More …

"Joint Borrower Sole Proprietor" mortgages and living together agreements

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Simon Burge, a family law expert, takes a look at the use of a "living together agreement" in connection with a joint borrower mortgage for an unmarried couple, where only one of them is to own the property. More …

SDLT revenue figures' review

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Recent figures show the level of receipts from Stamp Duty Land Tax. Our SDLT expert John Shallcross takes a look in more detail. More …

The Housing Gap - An Intimidating Problem?

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The gap between housing supply and demand is a perennial issue for Councils. We take a closer look at the issues involved. More …

Leasehold Enfranchisement – Consultation on Reform

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We look in detail at the Law Commission's publication of a consultation paper on leasehold enfranchisement reform promising a comprehensive review of leaseholders’ rights in a variety of areas. More …

Oxford proving popular for potential property buyers

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A recent Homes & Property article focused on why Oxford is a prime choice for buyers leaving London. Having grown up in the area, it is easy to take our amazing city for granted but it seems that an increasing number of individuals looking to leave London are now putting Oxford at the top of their list. More …