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Extending a Residential Lease

March 30, 2016 | Residential Property

Under the Leasehold Reform, Housing and Urban Development Act 1993, if you own a flat then you have the right to extend your lease by 90 years at a nil ground rent.  This is an individual right given to all flat owners if they satisfy certain criteria: 1. the flat must be held under a(Read more)

Buy-to-Let Landlords in the Firing Line

March 29, 2016 | Residential Property, Wills and Probate

Buy-to-let landlords would have been left groaning after reading the Budget.  From increased Stamp Duty Land Tax (SDLT), to changes to wear and tear claims and mortgage interest relief, the 2016 Budget has buy-to-let landlords and second home owners in its sight.  The Chancellor confirmed that there would be a 3% increase in SDLT for(Read more)

HM Treasury Consults on Higher SDLT for Second Homes and Buy-to-Let Properties

February 16, 2016 | Residential Property, Wills and Probate

 “A stamp duty land tax surcharge of 3% is to be added to buy-to-let and second homes from 1 April 2016. This means the SDLT for a £275,000 property will increase from £3,750 to £12,000. The move by HM Treasury has been described as 'catastrophic for the private rented sector' by lettings experts. Agents warn(Read more)

Help to Buy: ISA Scheme - Conveyancer Guidelines Published

February 16, 2016 | Residential Property

http://www.lawsociety.org.uk/news/stories/help-to-buy-isa-scheme-conveyancer-guidelines-published/(Read more)