Between April 2017 and April 2020 the amount of tax relief buy-to-let landlords can claim will be reduced on a phased basis to the basic rate so that by April 2020, a flat rate of 20% will apply to everyone.
Those households and small businesses not connected to mains sewerage and which have to treat their own sewage using either a septic tank or a small sewage treatment plant, will be pleased to know that the regulatory regime governing the control of small sewage discharges (SSDs) has been simplified as of 1 January 2015. From now on, providing they comply with the general binding rules (governing things such as installation standards, volume of discharge, safe disposal of sludge etc), most operators of SSDs that do not fall within environmentally sensitive areas will not need an Environment Agency permit.
Your solicitor has no duty to check or guarantee the creditworthiness of your buyer or seller in a property transaction. If you do require any further information on this then this is for you to obtain or specifically instruct your solicitor to do it.
Revised compensation schemes came into effect on 16 January 2015 following two consultations.
Hot on the heels of the news that the cost of HS2 has risen to c. £43bn (excluding rolling stock), the Secretary of State for Transport announced on July 9 that the route of phase one (London to Birmingham) has been safeguarded. From now on, no development can take place within 60m of either side of the route without the express permission of HS2 Limited, the company established to oversee the building of the railway. In addition, statutory blight now applies within that 120m strip whereby owners of affected property can serve notice on the Government to buy their property.
Any overriding interests not registered with the Land Registry by 12 October 2013 will be lost for good.
Hannah Carey, head of the conveyancing team at Midland law firm Wright Hassall, stresses how important it is to be aware of building regulations when buying or selling a property. “Specialist knowledge of building regulations and their enforcement is an essential part of transferring a home. Conveyancers have a professional duty to ensure that necessary building regulations have been obtained."
The purchase of a property is likely to be the most important financial transaction you will enter into. There is nothing that can be done about any defects that you may discover after exchanging contracts or completing the transaction so it therefore essential that you have the property thoroughly checked out by an expert. There are various types of inspections that you can obtain which are outlined below.
The Green Deal for domestic properties is due to be launched in October 2012 and we understand that it will be heavily marketed to homeowners (for whom take up is voluntary) and tenants. The Green Deal is the financial scheme funded through energy savings and removes the need for upfront payments. It is attached to the building not the owner and if the building is empty for any period, the charge is paid for by the landlord who will pick up the utility bills whilst the property is empty, in the usual way.