LegalinX report: Buy to Let sees surge in purchases by Limited Companies
Mortgages for Business has reported on an increase in landlords purchasing buy to let houses through limited companies in the last quarter of 2016, with figures expected to rise further in 2017. The proportion of purchase application made through a limited company increased by 6% in Quarter 4 2016, from 63% in Quarter 3 to […]
How do you solve a problem like…conveyancing?
No doubt that old favourite The Sound of Music will be on our TV screens again over the Christmas period and the nuns will once more try to solve the problem called Maria, but in the real world it seems that once again everyone is returning to that old hobby-horse ‘How can we change/modernise conveyancing?’ […]
Stamp duty reform leads London’s top property prices to fall
Heavily impacted by George Osborne’s stamp duty (SDLT) reforms, prices at the top of the London property market have fallen, with west London locations such as Notting Hill and Kensington seeing the biggest drops in price, according to the Stirling Ackroyd Hubs Tracker data. The top 25% of London’s property prices have fallen by -5.4% […]
The Autumn Statement – some welcome news but a missed opportunity
The Society of Licensed Conveyancers (SLC) offered a mixed reaction to the content of the Autumn Statement made by Chancellor Philip Hammond on Wednesday.
Does the Government really need to reform the house-buying process?
The Government’s pending call for evidence on reforming the house-buying process has been welcomed by many who believe change from the top could deliver efficiencies and reduce the number of failed transactions. I, alongside many, have fully supported attempts to improve the consumer and solicitor experience – there is no denying that the path to […]
Half a million have opened Help to Buy ISAs according to Treasury
More than 500,000 have opened Help-to-Buy ISAs according to the Treasury. In total there have been 1,490 completions involving the ISA which gives a 25% bonus on savings towards the purchase of a house. According to the Treasury, 2,090 bonuses have been paid through the scheme with an average bonus value of £421. The highest […]
