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

12/03/2010
Stonemason companies urged to adhere to personal injury employment law
Stonework companies in the London area have been urged to ensure they have appropriate health and safety measures in place to prevent personal injury in the workplace.

12/03/2010
Tribunal makes ruling on holiday leave pay
An employment tribunal has made a ruling which experts believe could open the floodgates for more claims from employees.

11/03/2010
Farmer's amended will overturned by judge's decision
A judge has made a ruling that will see the second will drawn up by an elderly farmer overturned in favour of an earlier document.

11/03/2010
Police female recruitment drive 'is discriminating against men'
A police drive to recruit more women could have a discriminatory effect on men, it has been claimed.

11/03/2010
Men 'are more likely to become insolvent than women'
New figures have revealed that men are more likely to require the use of an insolvency lawyer than women.

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

09/03/2010
More people used a conveyancing lawyer last month, report finds
More people sought the advice of a property lawyer with a view to buying a house in February 2010 than was the case in the previous month.

09/03/2010
2010 'will be a good year for landlords'
This year could be a good time to seek a conveyancing lawyer with a view to purchasing a buy-to-let property.

22/02/2010
Evictions fall as landlords sympathise with good tenants
The number of evictions from rented properties is falling as landlords seek to retain good clients and sympathise when they are in financial difficulties.

19/02/2010
January's mortgage lending figures 'affected by stamp duty holiday'
January's downturn in mortgage lending is not necessarily a sign that the residential property market is slowing again, according to the Council of Mortgage Lenders (CML).

17/02/2010
Conveyancing experts predict more mortgages in 2010
Experts in the field of conveyancing believe there will be an increase in mortgage activity during the first quarter of 2010.

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