With Riverside developments along the Thames including Battersea and bright, vibrant and affordable apartments, it is becoming increasingly popular to move to London or invest in A pied-à-terre in the city.
Gift or loan – father in dispute with son over house purchase
The High Court has settled a dispute between a father and son over whether money was ‘loaned or gifted’ to buy a home. The father had been a successful builder and property developer who owned numerous residential properties. He and his son had been directors of a building company which owned a commercial property; the son also owned several other properties transferred to him by the father at an undervalue.
New building sites to help housing market recover after Covid-19
The government’s housing agency, Homes England, has acquired 19 sites across the country that will be used to build 5,000 new homes.
Homes England provides new guide to Help to Buy scheme
Homes England has issued a new updated guide to the Help to Buy equity loan scheme, which has helped thousands of people get on to the property ladder. These are some of the main points covered…
Covid-19 outbreak – Advice for home Help to Buy customers
Homes England has issued advice for Help to Buy: Equity Loan customers on how they can proceed with purchasing a home during the Covid-19 outbreak. It says that many people are worried because the situation seems so uncertain. In response, it has published a document containing the answers to some frequently asked questions. These are some of the main issues covered:
Pilot scheme could make home buying ‘quicker and less stressful’
A digital questionnaire designed to make home moving ‘cheaper, quicker and less stressful’ is now being tested in a pilot scheme. The Buying and Selling Property Information (BASPI) has been developed by the Home Buying and Selling Group, an organisation made up of property specialists including solicitors, estate agents and mortgage advisers.
Government to provide cheaper homes and end leasehold abuses
The government has pledged to provide more affordable homes and to clamp down on leasehold abuses on newbuild properties. The measures were announced in the Queen’s Speech
Shared ownership scheme to help people on to housing ladder
The government wants to introduce a package of measures to help people on lower incomes get on to the housing ladder. It’s reviewing a new national model for shared ownership to make it easier for people to buy more of their own home, including allowing
Help to Buy scheme to start allowing 35-year mortgages
Homeowners buying a property under Help to Buy are now allowed to take out 35-year mortgages. The government has moved to close what it describes as a loophole, which has seen purchasers using the scheme facing difficulties and uncertainty if they wanted to take out a mortgage with a term of more than 25 years
UK house prices jumped 0.7% between March and April
The latest House Price Index figures show that the cost of an average home in the UK jumped 0.7% between March and April. The annual rise to April was 1.4%, bringing the cost of the average property to