Fact sheets and FAQs
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The levy was announced in the Budget 2020 and the Economic Crime (Anti-Money Laundering) Levy Regulations 2022 were published on 11 March 2022. The Regulations came into force on 1 April 2022.
On 14 March 2022, the UK Government announced that UK individuals, charities, community groups and businesses can record their interest in supporting Ukrainians fleeing the war through the UK Government’s new Homes for Ukraine scheme.
We have worked with the Home Office and UK Border Agency to answer the questions that are widely asked by landlords and letting agents regarding Right to Rent.
The Court of Appeal decided that where a corporate landlord or agent is completing certain statutory forms including a Section 8 Notice, such documents do not have to be ‘executed’ in accordance with the formalities set out in Section 44 of the Companies Act 2006.
The Fire Safety Order was introduced in October 2006 and covers the ongoing fire safety management of a building while occupied.
Sometimes parties that are involved in conflict need help to arrive at a resolution. Dispute resolution encompasses a range of activities including lettings agents’ early dispute prevention measures, a variety of alternative dispute resolution (ADR) interventions, and legal action through court proceedings.
The Heat and Buildings Strategy sets out the UK Government’s plan to reduce greenhouse gas emissions to Net Zero by 2050. Learn more about the scheme and the implications for estate, letting and commercial agents.
The scheme provides a temporary period of respite from creditor (e.g. landlord/letting agent) action to help people in problem debt (e.g. tenant) consider their options and engage with professional debt advice. The Scheme came into force on 4 May 2021, but qualifying debts can include any that the debtor had before the legislation started.
The First Homes Scheme enables a first-time buyer purchasing their only home to take advantage of at least a thirty percent discount on the property’s market value. Buyers must purchase properties with at least a 50 per cent mortgage.
The Grenfell Tower tragedy exposed failings in the building and management of high-rise homes. Home Office analysis of fire and rescue service statistics show that buildings between 18 and 30 metres are four times more likely to suffer a fire with fatalities or serious casualties.
On 28 July 2021, the UK Government published its National Disability Strategy, which sets out the their vision to improve the everyday lives of disabled people. Nearly half of disabled respondents to the UK Disability Survey reported having at least ‘some difficulty’ getting in and out of where they live.
In 2019, mortgage lenders across the UK began to seek assurance on the safety of external wall systems as a condition of approving applications. In recent years there has been concern that flats in high-rise blocks wouldn’t represent good security and that owners could be liable for remediation costs.
The General Data Protection Regulations (EU GDPR) were rolled out across the EU on 25 May 2018. The Regulations brought consistency in data handling to EU member states and granted individuals additional rights on when and how their personal data is used.
Until April 2020 UK taxpayers were only required to declare Capital Gains Tax (CGT) on an annual self-assessment tax return. Since then, taxpayers disposing of a UK residential property are required to calculate, report and pay any applicable CGT within 30 days of completion of the sale.
Since 1 February 2016, all landlords or agents of private rental accommodation in England have been required to carry out Right to Rent checks for new tenancy agreements to determine whether occupiers aged 18 and over have the right to live in the UK legally.
The Chancellor announced a new policy to support homebuyers who can only afford a five percent deposit with a mortgage guarantee. The scheme is not applicable when buying second homes or buy-to-let properties.
On 7 January 2021, the UK Government announced reforms with the intention of making it easier and cheaper for leaseholders to buy their homes in England.
At the UK Government’s Budget on 3 March 2021, the Chancellor announced that the £500,000 Nil Rate Band will not end on 31 March 2021 but will be extended and end on 30 June 2021.
The Generation Buy Scheme will give first-time buyers the chance to take out a long-term fixed rate mortgage of up to 95 per cent of the value of the home.
The First Homes scheme proposes to introduce a 30 per cent discount for first time buyers who, will ‘save around £100,000 on the price of an average new-build property’ according to the UK Government.