Posted Thursday 28th April 2022
A significant change is coming to the property industry later this year with The Leasehold Reform (Ground Rent) Bill set to come into force in June. The reform will restrict the ground rent on all completely new leases of residential property to zero. It has long term effects for developers and homeowners alike.
We are proud to say that we have been nominated for a PROPS award. We are nominated for the Lawyer of the Year Award!
PROPS helps to raise funds to purchase wheelchairs for disabled and disadvantaged children and young people throughout the UK.
A controversial plan by the government will force landlords to let out retail units that have been vacant for longer than six months. Latest figures show that one in seven shops are currently empty. Landlords will be given a grace period to fill the shop before local authorities will instigate an auction.
Commercial rent arrears that remain unpaid and in dispute may now be arbitrated thanks to the new Commercial Rent (Coronavirus) Act 2022. There are some stipulations and guidance has finally been published.
Scrutiny of property ownership in the UK is taking center stage as a result of UK sanctions on Russian money. The Economic Crime (Transparency and Enforcement) Act 2022 received Royal Assent in March but what does this mean for all overseas owners of UK property?
An increase in the cost of living will impact homebuyers looking to take out mortgages according to some lenders. The mortgage affordability test is set to get even tighter. This may see property prices cool over the next few weeks.
The housing market has been booming over the last 12 months with prices rising almost 11%. The increase in living cost is set to slow the market down. Which?, the UK’s consumer champion, takes a deep dive into the market, past, present and future.
This article is for reference purposes only. It does not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking or deciding not to take any action.
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