We know that moving house is stressful enough, but in the middle of a global pandemic adds an unbelievable amount of worry. The UK Government released fresh advice on the 26th March 2020 to all parties involved in the process of moving home during the Coronavirus (COVID-19) outbreak. We urge all parties involved in home…Continue reading
Category: Property
Articles relating to our conveyancing services
Sheffield First-Time Buyers Youngest in the Country
A recent study has revealed Sheffield to be the most affordable city for first-time buyers (FTB). The average age of those buying their first home in Sheffield is only 23, four years below the national average. Anees Rehman, Residential Conveyancer in our Property Department commented on the findings. “It is heartening to hear the Sheffield…Continue reading
Help to Buy ISA Scheme Ends in November
Homebuyers have only six weeks left to sign up to the Help to Buy ISA saving scheme. This scheme involves a bonus of 25% from the government when you buy your first property. The Help to Buy ISA has paid people an average bonus of just under £900 since it began in 2015. However, it…
Millennials Mistaken About How Much Inheritance They’ll Receive
New research reveals that millennials appear to be massively incorrect about when they’ll receive inheritance from their parents and how much it’ll be. Millennials are people who were born between 1981 and 1996. Charles Stanley, investment management firm, conducted the survey of around 1000 UK millennials and 1000 parents. It gives us insights into what millennials…Continue reading
Help to Buy ISA Scheme Ends in November
Homebuyers have only six months left to sign up to the Help to Buy ISA saving scheme. This scheme involves a bonus of 25% from the government when you buy your first property. The Help to Buy ISA has paid people an average bonus of just under £900 since it began in 2015. However, it…
Planning Permission for Extensions No Longer Required
Homeowners in England no longer need planning permission to build extensions on their homes. This will allow thousands of people to expand their homes cheaper and quicker. The previous rules required homeowners to put in a full planning application for single-storey rear work; this cost over £200. Thanks to the government’s scrapping of the red…Continue reading
No-fault Evictions Set to be Banned
Private landlords won’t be able to evict tenants at short notice anymore without a good reason; this could be the end of no-fault evictions. Section 21 notices allow landlords to evict renters after their fixed-term tenancy period ends, even if there is no real reason for the eviction. Such a situation results in unhappy renters,…Continue reading
More Young Adults are Living With Parents Nowadays
Office for National Statistics figures show that more young adults are living with their parents for longer than they did 20 years ago. Furthermore, they are staying in education longer and also not having children and getting married until an older age. In 1997, the most common living arrangement for people of this age group…
Mortgage Prisoners May Be Freed By New Rules
The Financial Conduct Authority (FCA) has proposed new rules to help homeowners stuck in high-interest loan deals; AKA ‘mortgage prisoners’. What are mortgage prisoners? Well, prior to the 2008 financial crisis, the affordability tests that lenders were running weren’t as strict. However, regulations are tighter now and therefore lenders are stricter. As a result, around…Continue reading
Shocked Freeholders Facing Extra Charges
Yes, the idea of going from renting to owning is great. What’s even more exciting to people is the idea of buying a shiny, new build home and becoming freeholders. However, this is somewhat over-ambitious in many ways. So, unfortunately for leaseholders, the dream of freeholding may be crushed. They own the leasehold property for…Continue reading