A parliamentary debate will see ministers argue for stamp duty to be reformed so sellers are required to pay the tax rather than buyers in order to kick-start the housing market and give a boost to first-time buyers. John Stevenson, Conservative MP for Carlisle, will make the case in a Westminster Hall debate, the Telegraph reports.

The Daily Telegraph, Page: 4

Posted 23/01/2018

 

 

 

Families are being put at risk by unregulated firms promising to help them avoid care fees and inheritance tax, lawyers and financial advisers have warned. Richard Bates, a partner and specialist in elderly clients at Coole Bevis , says that arrangements that put property into trust during an individual’s lifetime could fall foul of the law: “If you are going into a scheme with the intent of not paying for the full cost of care, and making the local authority put their hand into pocket instead, there is the potential to commit a fraud”.

The Daily Telegraph

Posted 12/01/2018

 

 

The Church of England has laid claim to minerals beneath privately owned land covering over half a million acres since 2010. Ancient property laws known as “manorial” rights allow the Church to claim rights over land it once owned and in 2013 a change in the law meant if mineral rights were not logged with the Land Registry they could be lost. Gavin Le Chat, a property lawyer at Shoosmiths , said: “It’s a very archaic thing. I don’t think it’s reasonable or fair to landowners. It can affect the saleability or mortgageability of the land.”

The Times, Page: 1, 2

Posted 09/01/2018

 

The Independent lists some of the new laws due to come into effect in 2018, including adoption of the EU’s new data protection rules in May; the requirement for banks to check whether their customers are illegal immigrants from January; and from April that all privately rented properties must have a minimum energy performance rating of “E”.

The Independent, Page: 11

Posted 27/12/2017

 

A man is to sue the estate agents who sold him a £280,000 flat but failed to tell him 20 travellers would be moving in next door. David Stanley bought the flat in Farnham, Surrey, in February this year – but just a few weeks after he moved in, the previously empty plot of land next door was filled by the group who threw loud parties every night, he said. Mr Stanley claims the agents knew this would happen but did not mention it, and the activities have devalued his property. He has lodged a formal complaint with the firm and has taken the case to the property ombudsman.

Daily Mail

Posted 23/12/2017

The Housebuilders Federation says measures must be taken to ensure the government’s ban on new leasehold houses being sold does not “threaten viability and as a result, supply”. Louie Burns, managing director of Leasehold Solutions, described the changes as “incredibly weak”, saying they will create a “two-tier market” as existing leaseholders will struggle to sell homes that already have ground rent in place while new builds with zero ground rents draw buyer attention. “Essentially developers have got off scot-free and, as usual, existing leaseholders will suffer the harshest consequences,” he added.

The Daily Telegraph

Posted 22/12/2017

Communities Secretary Sajid Javid will today confirm a ban on housebuilders selling new build houses on leasehold terms. Firms will also be barred from issuing large ground rents from next year, with developers to be forced to cut them to zero for all new apartments and houses. The Department for Communities and Local Government said it will be “working with the Law Commission to make the process of purchasing a freehold or extending a lease much easier, faster and cheaper”. “It’s unacceptable for home buyers to be exploited through unnecessary leaseholds, unjustifiable charges and onerous ground rent terms,” Mr Javid commented.

Daily Mail, Page: 21 The Guardian, Page: 11 Financial Times, Page: 2 The Sun, Page: 14

Posted 21/12/2017

 

A report by the Royal Institution of Chartered Surveyors (RICS) predicts the cut to stamp duty for first-time buyers announced by the chancellor last month will do little to lift home ownership rates, as higher prices offset the tax saving.

The Times, Page: 53

 

 

A daughter is attempting to evict her late mother’s millionaire boyfriend from the family home where he has lived for two decades. Lynn Lewis has accused Thomas Warner, 93, of being a “trespasser” in her parent’s home after he failed to leave the property following her death.

The Times, Page: 18 The Sun, Page: 18

Posted 19/12/2017

 

Ten London boroughs will today launch a scheme that will name and shame landlords, with an online database being made available that will enable renters to see practices that have led to prosecutions and fines. A further eight London boroughs will join the initiative in the new year.

The Sun, Page: 8

Posted 19/12/2017