Huge shake-up of leasehold proposed by Law Commission

leasehold reform, News

After months of debate and deliberations, the statutory body that works on legal improvements says system needs total overhaul. Estate agents face major changes to the way leasehold properties are described, managed and sold following the publication this morning of radical proposals by the Law Commission, whose job it is to recommend to government when legal processes should be overhauled. …

ARLA CALLS FOR END TO UPFRONT FEES

News

From David Cox, Managing Director, ARLA   Yesterday I met with the Department for Communities and Local Government (DCLG) to provide them with the results from December’s members’ research into tenant fees along with a policy paper outlining ARLA’s view on how best to practically implement the proposed ban on tenant fees in England. The meeting, with the officials who are …

Stamp Duty take falls by up to £500m over the last 6 months

News

  In the aftermath of the UK’s Brexit vote and following a steady stream of residential tax increases, just released statistics from HM Land Registry, analysed by London Central Portfolio (LCP), has shown an unprecedented decrease in top-end sales across England and Wales in the first half of this financial year, which has seen Government revenues from SDLT fall by …

House prices to rise 2% in 2017, says Rightmove

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Asking prices for properties in the UK will rise by 2% in 2017, although sellers in inner London will be asking less as the bubble ‘continues to deflate’, property website Rightmove has predicted. Sellers entering the market over the past month have priced properties 2.1% lower than those putting homes up for sale the previous month, at an average of …

NALS calls for CMA report into fees

News

  A recent report by the Competition and Markets Authority (CMA) into legal services concluded that competition in legal services for individual consumers and small businesses is not working well. In particular, there is not enough transparency on price, quality and service to help those who need legal support choose the best option. https://www.gov.uk/government/news/cma-demands-greater-transparency-from-legal-service-providers NALS CEO, Isobel Thomson, said: “It’s …

Government reveals plan to ban ‘rogue landlords’ who fail to repair properties as buy-to-let crackdown continues

News

  Landlords and agents who mistreat tenants could be banned from letting homes Government consultation follows tax crackdown on buy-to-let Ban on tenant fees charged by agents also being consulted on  The Government has revealed it will consult on plans to ban ‘rogue’ landlords and property agents who fail to provide tenants with a safe place to live. The proposals, …

H&H Land and Property look at how employing the services of a letting agent could help landlords save money

Buy to Let

  H&H Land and Property has welcomed the findings of a new survey recently carried out by the insurance firm Endsleigh.  The results now show that by employing the services of a letting agent, landlords could save a significant amount of money each year, with the estimated savings amounting to as much as £1,910.00. Commenting Will Parker, Associate Director and …