When a buyer has agreed the price of a house with the seller, the mortgage provider employs a surveyor to check what they think the house is worth. The surveyor looks at the sale prices of similar properties in the local area, market conditions in the area, and the current condition of the property. A…Continue reading
Category: News
Wosskow Brown News
Dreams DO Come True- The Government Listens to Professional Services Sector on Brexit Wishes
The letter recently sent by the Professional and Business Services Council (PBSC) to the Government, emphasising the importance of certain arrangements with the EU, seems to have gone down well with Theresa May and Co. The Law Society of England and Wales are pleased with May’s white paper on Brexit, but acknowledges that the proof…Continue reading
UK Proposals on Professional Services Sector Top Off Brexit Wish-List
A recently released document which outlines proposals for a brand new deal with the EU was rather warmly welcomed by the Law Society of England and Wales in another move towards a so-called ‘soft-Brexit’. Joe Egan, then President of the Law Society, said: “Since the Brexit vote on 23rd June 2016, we have been calling…Continue reading
Practising Certificate Fees are Set to be Frozen for 2018-19
The Law Society Group recently presented draft plans which would mean solicitors pay the same practising certificate (PC) fees in 2018-19 as they did this year. Joe Egan, President of the Law Society of England and Wales, said that both the Law Society and Solicitors Regulation Authority (SRA) are making efforts to improve efficiency. The…Continue reading
Rise In Interest Rates Hits Young Homebuyers Hard
Interest rates are rising in the UK, adding to the financial burden of young homebuyers. The situation has been driven by house prices rising much faster than the salaries of first-time buyers, forcing many of them to take on increasingly large amounts of debt in order to own their own home. Indicators suggest that interest…Continue reading
Yorkshire’s Commercial Property Market had a Belting Start to 2018!
A grand total of £411m of commercial property assets was traded across Yorkshire in the first quarter of 2018. This is the strongest start to a year that Yorkshire’s commercial property market has seen in the last four years, according to the latest UK Investment Transactions (UKIT) report by Lambert Smith Hampton. Although the amount…Continue reading
New Employment Law Updates Bring Good News for Dyslexic People
The latest UK employment law changes for employees includes regulation on sacking of people with dyslexia for poor performance. This is an attempt to crack down on disability discrimination in the workplace. If an employer was made aware of the employee’s dyslexia from the outset of employment, they must fulfil their duty to make reasonable…Continue reading
Reforms to Personal Injury Claims Could Be Bad News For Claimants
Ministry of Justice officials have recently confirmed that reforms affecting the personal injury sector will be implemented in April 2019. It has been reported by the Motor Accidents Solicitor’s Society (MASS) that the main focus, at first, will be on the implementation of changes regarding Road Traffic Accident (RTA) claims, with later plans for personal…Continue reading
Credit Card Payment Charges to be Abolished
Credit card payment charge is banned – but is this good or bad for consumers? From Saturday 13th January, companies will no longer be allowed to impose a 2% charge on payments made by credit and debit card. This will also apply to linked payment methods such as PayPal and Apple Pay. The new law setting…Continue reading
Stamp Duty Lowered For First-Time Buyers
There is some good news for first-time home buyers, as Stamp Duty is lowered in the Autumn Budget. This will apply to England and Northern Ireland. Wales will also benefit from this announcement but only until April 2018 when the Welsh Government’s new Land Transaction Tax is to be introduced. Stamp Duty is an amount…Continue reading