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Off-plan purchasers could be hit by the new 5 per cent stamp duty rate

30 March 2010 | Richard John | 1 comment

In last week’s budget, the Chancellor announced a new 5 per cent stamp duty tax rate for house purchases worth more than £1m, which will take effect from 6 April 2011. This change at first glance...

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Budget – stamp duty for first time puchasers FAQs

26 March 2010 | Shimon Shaw | 3 comments

The Revenue have published a Q&A session which, hopefully, will answer some of your questions. In addition to the Revenue’s answers I’ve added my thoughts. We’ve had a great discussion on...

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What does 2010 hold for the first-time buyer?

5 March 2010 | Sarah Wilkins

We have all heard the encouraging news in relation to the housing market improving, but what is the reality? First-time buyers have had a notoriously hard ride obtaining mortgages, with many lenders requiring...

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Residential developers see strength in the housebuilder and new homes market

4 March 2010 | Sarah Wilkins

Housebuilders have reported increased sales and rising house prices for the end of last year, but is this the end of the housing slump or is it wise to be cautious over what will happen in 2010? The...

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New model leases for shared ownership properties

8 February 2010 | Sarah Wilkins | 1 comment

A new model shared ownership lease aimed at creating more certainty for lenders and more clarity for purchasers of New Build HomeBuy property has been created by the Homes and Communities Agency (HCA). The...

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MyChoice HomeBuy – assisting first-time buyers with an equity loan to ‘top up’ the purchase price

27 January 2010 | Sarah Wilkins

MyChoice HomeBuy is a government financed homeownership scheme that enables buyers to get their foot on the housing ladder by choosing and buying a home of their own on the open market with the assistance...

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Homebuy Direct: A lifeline for residential developers and first time buyers alike?

27 January 2010 | Fiona Baker | 1 comment

The past two years have seen an increase in shared ownership schemes offered by developers, as they seek to assist first time buyers in getting their foot on the property ladder. In addition to the...

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Lundy Island designated as UK’s first Marine Conservation Zone

27 January 2010 | Fiona Baker

On 12 January 2010, Lundy Island was designated as the UK’s first Marine Conservation Zone, following the implementation of the Marine and Coastal Access Act 2009. Marine Conservation Zones are...

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Inappropriate residential garden development due to lack of council policies

27 January 2010 | Karin Holt

On 19 January 2010, the Department for Communities and Local Government (DCLG) published its investigation into residential development on gardens in England. "Garden grabbing" has become a contentious...

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Landmark ruling sees developers awarded damages from buyers who reneged on contracts

21 January 2010 | Karin Holt | 1 comment

A court in Bristol has awarded damages of £133,000 to Prestige Homes South West after an investor pulled out of a deal to buy two flats at its Zero 4 development in Plymouth. The unnamed investor...

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