Land Registry introduce new forms
The Land Registry will, as from 1st March 2011, only accept applications to register or cancel a notice in respect of Home Rights made on the new forms, HR1 and HR4. You can find the forms here Today’s Conveyancer, bringing you the latest conveyancing news and updates.
Higher SDLT rates could cost buyers an additional £10,000.00
The Legislation in Finance Bill 2010 will soon introduce a higher stamp duty land tax rate of 5% for any purchase of a residential property where the consideration exceeds £1 million. The old rate was capped at 4% on purchases over £500,000.00 but the new higher rate, set to affect property purchases completing on or […]
13% Fall in transaction volumes
When comparing the three months of Sep – Nov 2010 with the same three months in 2009 there has been a 13% fall in the number of properties sold across England and Wales. However, the figures are slightly distorted due to the stamp duty holiday throughout 2009 and also the available figures have not been […]
Remortgage market and the potential impact of rising interest rates.
Today’s Conveyancer has obtained information from Land Registry showing the number of applications for whatever purpose (i.e. not just transfers for value) in January 2011. We use this data to estimate how some of the largest remortgaging firms are doing. In November 2010, the CML say there were 26,000 remortgages. The two largest manufacturers of […]