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Government Reveal Energy Improvement Strategy

October 20, 2017 | Residential Property

    On 12 October 2017 the Department for Business, Energy and Industrial Strategy (BEIS) published the government’s Clean Growth Strategy. The Clean Growth Strategy aims to achieve a 57% reduction in CO2 from 1990 levels. With 13% of UK emissions coming from homes, this is clearly a focal area for the Government.    (Read more)

Insurers Predict Increased Losses Due to More Frequent Wind Storms

July 12, 2017 | Residential Property

The Association of British Insurers (ABI) has warned that an increase in global temperature, widely believed to cause more wind storms, may lead to an increase of insurance losses of up to 25% in certain parts of the country. While flooding is another factor widely linked with global warming, the ABI says that wind damage(Read more)

UK House Prices Fell in June

July 10, 2017 | Residential Property

According to Britain’s largest lender, Halifax, house prices across the UK fell by 1% in June, the largest monthly fall since January 2017. The reduction brings the average house price in the UK down to £128,930. Measured on an annual basis, the growth in house prices eased from 3.3% in May 2017 (compared with 4.1%(Read more)

March 2017 Sees Slight Increase in UK House Prices

May 26, 2017 | Residential Property

The latest UK House Price Index shows an annual price increase of 4.1% which takes the average property value to £215,847. However, when viewed on a monthly basis, house prices have fallen by 0.6% since February 2017 when the average price of a UK property was £217,502 (an annual price change of 5.8%). March data(Read more)

Beware the Leasehold

May 09, 2017 | Residential Property

According to recent government estimates, up to four million people do not own the freehold to their own properties. Instead, many homeowners, particularly of new build homes, own their homes on a leasehold basis. This means that these homeowners own their home for a fixed period during which it is rented from the freeholder (often(Read more)

RICS Reports Lack of Impetus in Residential Sales Market

May 02, 2017 | Residential Property

The Royal Institute of Chartered Surveyors (RICS) reports a lack of impetus in residential sales market According to a recent RICS press release, the UK housing market continues to lack impetus, with data suggesting the numbers of new buyer enquiries and agreed sales in March was stagnant. Although the picture varies in different parts of(Read more)

Renting Out Your Driveway: What You Need to Know

April 25, 2017 | Residential Property

I’m thinking of renting out my driveway- what should I bear in mind? With parking space at a premium in many towns and cities and parking permits costing often in excess of £100 per week, homeowners are renting out their driveways and parking spaces to earn extra income. What should you be aware of if(Read more)

Landlords Need to Plan to Upgrade Their Properties Now

November 01, 2016 | Residential Property

The Department for Energy and Climate Change (DECC) has now published regulations which will have a significant impact upon the ability of Landlords to grant new Leases of either Residential or Commercial Property from 1st April 2018. At present, it is an offence to market, sell or let a Property without first obtaining an Energy(Read more)

Bicester – The Future of Garden Cities?

October 26, 2016 | Residential Property

Historian Dan Cruickshank discusses the history and future of garden cities, including Bicester, in this recent Radio 4 documentary. http://www.bbc.co.uk/programmes/b07z4155 HMG LAW LLP, Property and Conveyancing Solicitors in Bicester and Oxford(Read more)

Landlords: Increased Reporting Requirements

October 12, 2016 | Residential Property

HM Revenue and Customs has published six consultation documents on “Making Tax Digital”.  The proposals include quarterly filing requirements for all businesses and landlords with a turnover of over £10,000. The rules for landlords are being changed and it is proposed to introduce a cash basis for landlords without an upper limit on the gross(Read more)