Residential Property News

An Assured Shorthold Tenancy (“AST”) that was granted before 28 February 1997 had to be for a minimum fixed term of 6 months. However, with an AST created on or after 28 February 1997 there is no requirement that the AST has to be for a minimum term.

Activity among first time buyers is expected to rocket over the next month, as prospective homeowners rush to beat the deadline for the returning stamp duty tax.

Why is it so important to seek advice on your Will when buying property abroad?

The case concerned HMOs (houses in multiple occupation). Councils in Milton Keynes, Newcastle and Oxford had brought the judicial review case in respect of a decision by the present government to do away with planning permission for HMOs.

Are you a council house tenant? Have you ever considered buying your home from the government? If you have, good news. This week, it was announced that the maximum discount available in right-to-buy schemes will increase to £50,000.

Continuing low interest rates have led to monthly mortgage repayments being at their most affordable level for first-time buyers in nearly eight years, according to Council of Mortgage Lenders.

Seven years. That’s the magic figure the average homeowner chooses to stay put before moving on to pastures new.

A decision by South Hams District Council to approve the building of a new town with 5,500 homes has come under threat after legal action was threatened by people opposed to the project as a result of the decision to reduce the number of affordable homes in the development.

The government’s decision to end its 1% stamp duty concession for all first time buyers purchasing houses under £250,000 has been described as “disappointing” by the Council of Mortgage Lenders (CML).

Despite millions of households struggling to get a financial footing in the current economy, Brits still managed to reduce their mortgage debt by a record £9.1 billion during the second quarter of 2011