Industry News - Residential Property Law - First-time buyers warned not to wait for relief on stamp duty

03/07/2009
Redundancy law queries 'could continue to rise'
The number of people seeking redundancy law advice could remain high over the course of the year, new data from the Chartered Institute of Personnel and Development (CIPD) has indicated.

03/07/2009
Discrimination law ruling made by House of Lords
The House of Lords has made a ruling on disability discrimination that may impact divorce lawyers in London.

03/07/2009
Heiress wins in pre-nuptial divorce case
The Court of Appeal has ruled that a German heiress should not have to pay her ex-husband the £5.8 million decided in their divorce settlement because of the pre-nuptial agreement that had been signed beforehand.

02/07/2009
'Dual discrimination' employment law changes proposed
A new employment law has been proposed by the government that it wishes to make part of the equality bill.

02/07/2009
Right to appeal for ex-wife in divorce case
A woman has won the right to appeal against a judge's decision to make her pay £5 million to her ex-husband, whose finances have been hit by the economic downturn.

Industry News

28/08/2008
First-time buyers warned not to wait for relief on stamp duty

First-time buyers should not wait for the stamp duty holiday proposed by the government, but rather find out the future value of a property.

That is the advice given by property website Firstrung that has suggested that the relief on stamp duty will be "impossible to implement"

Paul Holmes, chief executive of Firstrung, pointed out that the previous government had issues "trying to monitor mortgage interest relief", and that therefore attempting to "monitor a situation where only a specific group of buyers doesn't get charged stamp duty would be a nightmare".

Mr Holmes instead urged homeowners not to consider what a property is currently worth, or what it was valued at a month ago, but what it will be worth in a year's time.

According to the Royal Institution of Chartered Surveyors' (Rics), a couple who are first-time buyers and jointly earn £27,516 after taxes would have to save over 100 per cent of their joint salary to get enough to buy a 'typical' home. ADNFCR-1805-ID-18753023-ADNFCR

29/06/2009
Swift legal help may be needed as undersupply reported
The number of people looking for a house is presently four times that of the total available, it has been stated.

24/06/2009
Boost in legal aid to fight repossession welcomed
An increase in the funding available to householders struggling to avoid repossession to contest court cases has been welcomed by the Money Advice Trust.

18/06/2009
Homeowners face legal issues as repossession rise tipped
Repossessions could rise to as many as 120,000 by 2011, an expert has said.

15/06/2009
Lack of legal regulation 'a problem for housebuyers'
An inadequate legal and regulatory framework has created a housing market system in the UK that has disproportionately affected first-time buyers.

11/06/2009
Accidental landlords advised of law over cannabis
People who have become 'accidental landlords' and are renting out property due to necessity should ensure they are complying with all the laws involved in letting, it has been stated.

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