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Conveyancing-cms.co.uk news digest

  • 6 years

    Innovative thinking required to improve Home Ownership Levels

    The news yesterday that home ownership has fallen to its lowest level for 30 years came as no surprise to me, having worked in the industry for nigh on 40 years and with two children, one just on the property ladder and one still saving hard.
    Calling for more homes to be built is not the entire answer to the problem.  There is no point in building more and more new-homes when our children can’t afford the massive up-front deposit nor the monthly mortgage repayments.  It’s a bit like telling...

  • 6 years

    What will happen to the property market post BREXIT?

    It’s the most popular question of the week! Ever since that vote everyone wants to know, will prices go up? Will they do down? Same thing with interest rates will they go up, stay the same or go down?
    The honest answer is that I don’t know. Without the aid of a Dr. Who style Tardis, or a crystal ball, frankly no one can predict exactly what is going to happen with property prices and interest rates in the next couple of years as we ease away from...

  • 6 years

    Stamp Duty Land Tax Update

    Stamp Duty Land Tax – the new SDLT legislation is confusing buyers
    Stamp Duty is a tax on property purchase, it has been around since the 1600s but the system as we know it has been around since the 1950s.  Stamp duty was replaced by Stamp Duty Land Tax in December 2003....

  • 7 years

    Stamp Duty Land Tax – 2016 Upate

    In November 2015 the Government announced that as from 1st April 2016 higher rates of SDLT will be charged on purchases of additional residential properties that cost £40,000 or more.
    It was announced that a consultation would take place to decide the nitty gritty of the policy detail including whether there would be an exemption for corporates and funds owning more than 15 residential properties....

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