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Top tips when moving to the country

In recent months, there has been a huge demand for countryside homes from those who wish to relocate having faced the national lockdown in the city. Although on the face of it there may appear to be few hurdles, it is important to bear the following factors in mind when purchasing a new home.  The […]

What is a Lasting Power of Attorney?

A Lasting Power of Attorney (LPA) allows you (the ‘Donor’) to choose one or more individuals (your ‘Attorneys’) to be responsible for the management of your affairs in the event you became physically and/or mentally debilitated (you ‘lost capacity’).   LPAs are often overlooked however, in the unfortunate event you were to lose capacity, it would be extremely inconvenient (and often expensive) for […]

Stamp Duty: one week on. What do we now know?

Last week, Chancellor Rishi Sunak announced that with immediate effect, house buyers will pay NO stamp duty on property purchases of up to £500,000, the previous threshold being £125,000. The government hopes that the holiday will kick-start the housing market again, following lockdown seeing a fall in house prices for the first time in eight […]

The Governments ‘Plan for Jobs’

Earlier today, Rishi Sunak announced his three-point ‘Plan for Jobs’, worth up to £30 billion. The proposed plan aims to protect, support and create jobs. To achieve this goal, the government has highlighted three new schemes to incentivise and encourage businesses to bring back furloughed employees, and employ new ones. The Job Retention Bonus scheme. […]

Are we closer to no fault divorces?

Soon couples choosing to divorce can take the ‘blame game’ out of the equation. On the 8th June 2020 a bill introducing “no fault” divorces in England and Wales was passed in the House of Commons. Currently to petition for a divorce, one of the five ‘facts’ that the marriage has irretrievably broken down needs […]

Welcome news – the housing market re-opens!

The recent covid-19 update that property viewings and house moves could re-start in England was welcomed by many, with an estimated 450,000 people in England waiting to move since lockdown began in March. The amended Regulations which came into effect 13th May 2020 means estate agents, letting offices, developer offices, show homes and removal companies […]

SDLT Relief for First Time Buyers

First-time buyers now benefit from a permanent stamp duty land tax relief on purchases up to the amount of £300,000. However the relief does not apply where: the purchase is of an additional dwelling which is liable to the higher rates of SDLT; and to the purchase of non-residential or mixed-use property. The relief does not affect the […]

SDLT Consequences for Second Homes

Are you thinking about buying a second home? If you’re thinking of buying a second home, there are some things that you must take into consideration when assessing your financial situation, today we look at one small but very important consideration, SDLT. We are looking only at residential properties only for the purposes of this […]