Estate agent calls for new stamp duty tier
The managing director of Beresfords has called for a new 2% stamp duty land tax tier. Paul Beresford believes a 2% tier between £250,000 and £375,000 could substantially increase the number of transactions. He suggested that introducing such a tier would be consistent with the other 1% stamp duty increments below £1m and remove the […]
Legal Services Board approves CLC referral fee approach
The Legal Services Board (LSB) has decided to grant the Council for Licensed Conveyancers (CLC) application to make rule changes in relation to referral fees. The decision follows a CLC review and consultation, carried out earlier this year, which found no justification for a ban on referral fees in conveyancing. Anna Bradley, Chair of the […]
OFT launches investigations into quick house sale firms
The OFT has announced today that it has opened formal investigations into three quick house sale firms for alleged unfair practices. Some consumers may have lost tens of thousands of pounds thanks to the practices by three unnamed firms. As well as the three firms in question 120 providers have been written to by the […]
60% of tenants priced out of buying
The number of ‘trapped renters’, tenants who would like to buy but can’t afford to, has risen from 56% a year ago to 60%, of those 31% have owned property previously. According to research from property website Rightmove as many as 96% of people living in rented accommodation aspire to own a home, despite on-going […]
Moneypenny signs on as latest Thomson Reuters Elite Alliance Partner
Thomson Reuters Elite announced yesterday that Moneypenny, an outsourced switchboard provider for businesses throughout the UK, has become an Alliance partner. Moneypenny is a professional 24-hour telephone answering service experienced in looking after calls for the legal sector. Whether Elite clients need 24-hour support for an in-house team, a fully outsourced switchboard solution, or ensured […]