The ongoing saga in the leasehold sector has just seen another plot twist, and this time it’s good news for leaseholders. Leasehold – What Does It Mean? As a leaseholder, you own a lease that gives you the right to use the property how you wish, within the parameters set out in the lease. However,…Continue reading
Tag: Anees Rehman
Stamp Duty Land Tax Holiday Deadline
On Wednesday 30th June, the Stamp Duty Land Tax holiday will start to phase out, with the threshold of £500,000 coming to an end. Buyers Rushing to Complete Transactions The Stamp Duty holiday has been saving people up to £15,000 on their housing purchases. The usual threshold is £125,000 but during the holiday, buyers have…
House Builders Told to Stop Raising Ground Rent
The Competition and Markets Authority (CMA) recently warned house builders Countryside and Taylor Wimpey that they could face legal action if they don’t remove their ‘unfair’ leasehold contract terms in relation to raising ground rent. The UK watchdog expressed its worry that house builders could be in danger of breaching consumer protection law. Another two…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
Good News for First-Time Buyers Following 2018 Autumn Budget
Monday marked the day of the 2018 Autumn Budget, in which chancellor Philip Hammond delivered a 72-minute speech covering stamp duty, welfare & pensions, Brexit and many other areas concerning the nation. In terms of stamp duty, this Budget brings rather good news for first-time buyers! Mr Hammond announced that the 0% stamp duty relief…