Day: 12 October 2017

Estate agents push for stamp duty reform ahead of next month’s budget

NAEA Propertymark (formerly the National Association of Estate Agents) has put stamp duty reform at the heart of its submission to the Government in advance of next month’s budget. The UK professional body for estate agents wants first-time buyers to be exempt from stamp duty in a bid to encourage more people into home ownership. […]

Commonhold should be common practice

Much has been written about our recently issued response to the DCLG’s consultation on leasehold reform and the fact we are calling for the Government, as our recent press release put it, ‘to review commonhold and its existing usage as a system of freehold tenure for multi-occupancy buildings, with a view to replacing leasehold with […]

Property sales dip despite expected hike in interest rates

Potential buyers are continuing to take a ‘wait-and-see-approach’ to property transactions, despite threats of an impending interest rate hike, according to an independent estate agent. Haart reports that transactions in September fell by 1.5% in London and by 0.6% across England and Wales. In addition, there was a decrease in the number of first-time buyers […]

UK landlords looking to reduce or sell off their property portfolios

There is a significant increase in the number of private landlords looking to reduce their property portfolios or sell off their investments entirely, according to Irwin Mitchell. The law firm has blamed a succession of government changes for the exodus; all of which it claims have made Buy-to-Lets a less profitable investment option. These changes […]

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