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Displaying 25 results
13 Jun 2022
FAQs: Economic Crime (Transparency and Enforcement) Act 2022

This Act is part of a series of proposed powers to combat illicit finance and reduce economic crime. While the Act is necessary to impose sanctions as part of a wider set of actions the UK has taken against Russia, measures set out in the Act aim to tackle economic crime from all overseas entities.

30 May 2022
FAQs: Leasehold Reform (Ground Rent) Act 2022

The Leasehold Reform (Ground Rent) Act 2022 restricts ground rents on newly created long residential leases for single dwellings such as a flat or house to a token one peppercorn per year, effectively restricting ground rents to zero financial value.

04 Apr 2022
FAQs: Economic Crime Levy (UK)

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.

25 Mar 2022
FAQs: Homes for Ukraine

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.

25 Mar 2022
Right to Rent FAQs

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.

05 Nov 2021
FAQs: Fire Safety Act 2021 (England and Wales)

The Fire Safety Order was introduced in October 2006 and covers the ongoing fire safety management of a building while occupied.

02 Nov 2021
FAQs: Dispute Resolution

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.

25 Oct 2021
FAQs: Heat and Buildings Strategy

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.

23 Sep 2021
FAQs: Debt Respite Scheme, Breathing Space

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.

01 Sep 2021
FAQs: First Homes Scheme

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.

01 Sep 2021
FAQs: Building Safety, Government plan of action

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. 

01 Sep 2021
FAQs: National Disability Strategy (UK)

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.

02 Aug 2021
FAQs: EWS1 Forms

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.

07 Jul 2021
FAQs: Property agents and Capital Gains Tax

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. 

01 Apr 2021
FAQs: Mortgage Guarantee Scheme

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.

01 Apr 2021
FAQs: Leasehold Reform

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.

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