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New Build HomeBuy is a low cost home ownership option. It was introduced to help people who cannot afford to purchase a property outright and allows them instead to purchase initial shares of between 25–75...
Home buyers could face tax bill for purchasing energy inefficient homes
The Government is considering introducing new stamp duty penalties to force property owners to make their homes more energy efficient.
Under the proposals, a person purchasing a house in the lowest...
What is the difference between shared equity and shared ownership?
You are not alone if you are not sure of the differences between shared equity and shared ownership.
So what is shared equity? You purchase a property and own 100% of it, but you obtain a mortgage...
Are you complying with the Consumer Code for Home Builders?
The Consumer Code for Home Builders (‘The Code’) came into effect on 1 April 2010. It does not apply retrospectively.
The intention of the Code is to give buyers more protection when acquiring a...
Consumer Code for Home Builders: are you compliant?
The Consumer Code for Home Builders (‘The Code’) came into effect on 1 April 2010. It does not apply retrospectively.
The intention of the Code is to give buyers more protection when acquiring a...
High Court backs developer chasing payment for failed off-plan completion
Irish property developer Ballymore has won a High Court judgment against a buyer who tried to pull out of the purchase of one of its flats in its Pan Peninsula scheme in London.
The Court ruled that...
Off-plan purchasers could be hit by the new 5 per cent stamp duty rate
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...
What does 2010 hold for the first-time buyer?
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...
Jargon busting for first time buyers
Buying a property can be a daunting process, with so much you need to know and understand. I have attempted to explain some of the terms you may have come across or are hearing throughout your journey...
New model leases for shared ownership properties
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...