The Thickening Cloud: Brexit’s Impact On The Property Market
Since the referendum of 2016, the property market has been concerned about the impact of Brexit. Whilst property prices have continued to grow in most areas of the UK, prices have been slowing, buyers and sellers are reluctant to make a move and a Brexit storm has cast a murky outlook on the UK property […]
More Investors Should Claim SDLT Rebates On Uninhabitable Additional Dwellings
Following a landmark tribunal case which found that additional property bought in terrible conditions could bypass the current excess stamp duty land tax surcharge (SDLT) of 3%, legal experts, Primus Law, are calling on landlords and additional property experts to seek advice about potential stamp duty rebates. The 3% surcharge on additional dwellings has been […]
Law Commission Recommend Less Confusing AML Regulations
The Law Commission have called for more specific guidance to help improve anti-money laundering (AML) in the UK. The UKFIU processed 463,938 Suspicious Activity Reports (SARs) between April 2017 and March 2018, a 9.8% increase on the volume of SARs received a year earlier. Despite the increase in SARs suggesting that more organisations and sectors […]
10% Of British Adults Own Additional Property Whilst Millennials Struggle
More than one in ten adults across Britain own an additional home, but there is also a trend that property wealth is increasingly distributed extremely unequally. The Game of Homes Report, carried out by the Resolution Foundation, found that 5.5 million people reporting property wealth between 2014-16 represented a 53% increase since 2001. The report […]
Millennials Over Reliant On Bank Of Mum And Dad
Older relatives are now lending out over £6 billion per year and have become the 11th largest lender in the UK. Whilst it is fantastic that many parents are in a position to offer their financial support, a raft of recent publications are suggesting that millennials are increasingly forced to rely on this help to […]