At Humble & Clark, we keep up to date with industry news and will report, here, on latest initiatives and important changes
Purchasers of residential property could save up to £2,500 Stamp Duty Land Tax.
What is Multiple Dwelling Relief (MDR) and why does everyone want to claim it?
Our industry is currently experiencing a large increase in residential conveyancing transactions across the UK, as buyers rush to take advantage of the ' stamp duty holiday'. Regardless of what you and the other parties in a chain hope and intend, there is no guarantee of any particular time frame.
Home owners in Alston, Cumbria tend to have issues when they sell, due to their legal titles being created out of the “Alston 1,000-year Lease”. As the title is leasehold, rather than freehold; the lease is unavailable and the landlord is unknown, this impacts the marketability of the property (ask any estate agent) and could affect the value. Read more...
The government’s announcement of a one-month lockdown in England and with Wales in a short ‘firebreak’ period, the pattern of restrictions across the two nations is becoming more complex. In England, the standard three tiers of restrictions do not affect home buying or selling. The government is committed to keeping the property industry moving wherever possible (read more)
It is a legal requirement that we obtain satisfactory evidence of your identity, address, and details regarding your source of funds, if you are purchasing, when we start work for you.
Those looking to buy a new property will be pleased to hear that under the chancellor’s plans, the £125,000 threshold for stamp duty will increase to £500,000. Speaking from the House of Commons, Rishi Sunak said, “I have decided today to cut stamp duty. Right now, there is no stamp duty on transactions below £125,000. Today I am increasing the threshold to half a million pounds.”
As part of our Know Your Client and ID process, we now invite clients to complete and submit their personal information via our third party app ‘Thirdfort’.
Government have made it clear that they will not interfere with established contract law, so there will be no Coronavirus "get out" clause inferred to enable parties to unilaterally withdraw from contracts. If both parties do not agree to delay, then the contractual completion date remains binding. Government has suggested ...
There are special legal considerations for clients who are entering into contracts for the sale and purchase of properties that we want to make you aware of during these challenging times.
In these uncertain times, we wanted to let you know what we are doing here at Humble & Clark Legal. As responsible employers and business owners, we are committed to taking reasonable precautions within our control to help prevent the spread of Coronavirus while maintaining full business services.
Number 10 briefings to the national media suggest that the scrapping of Section 21 will be one of four key measures to be announced in Thursday’s Queen’s Speech.
During his campaign for the leadership of the Conservative Party, Johnson made several vague, but tantalising suggestions as to what he would do to reform Stamp Duty. What are they and how will this impact buyers and sellers?
According to recent research, around a third of first-time buyers either don’t know if they will benefit from the Government’s waiver of stamp duty for their first home or said that they didn’t know how much they would save if they bought their first home.
Much has been said and written which suggests that there is an absolute exemption from the need for an Energy Performance Certificate (EPC) for Listed Buildings.
From 1 April 2018, it will be unlawful for a landlord (of residential or commercial premises) to grant a new tenancy if the property has an energy performance certificate (EPC) rating lower than band "E".
Under a new Government scheme, those who paid a registration fee for a Lasting Power of Attorney in England or Wales, between 1 April 2013 and 31 March 2017, can apply for a partial refund as they were charged more than was necessary.