Archive for November 2019
A Shared ownership scheme to help people get on to the housing ladder
The Government are looking at new ways to get people on low incomes on the property ladder. A review of a new model for shared ownership should allow more people to be able to buy more of their home including purchases with 1% increments. The new system is to be rolled out nationally. Thousands of…
Read More£600 million funding for new homes has been announced by the chancellor
A government investment of £600 million has been provided to build 50,000 in England. According to Chancellor Sajid Javid, the new homes will be in high demand areas with money from the Housing Infrastructure Fund (HIF). Potential sites all over England lack the required infrastructure such as roads, rail links, or schools. More of these…
Read MoreFather dies without a will, grand-daughters lose shares in a farm
A farmers grand-daughters lost their shares due to complications arising when their father dies without a will. The farmer died in 1992, leaving behind a wife and four children. His will left the farm to two of his sons and wife to be held as tenants in common. The will also stated that for the…
Read MoreMPs say Help to Buy Schemes are not delivering the expected value
MPs on the Public Accounts Committee have questioned the value of the government’s Help to Buy scheme. They have stated that money invested into the system, could have been spent elsewhere. Ministry of Housing, Communities & Local Government (the Department) introduced the Help to Buy: Equity Loan scheme in April 2013 due to the decrease…
Read MoreTurmoil in parliament holds up a rise in probate fees
The proposal for an increase in probate fees has been put on hold due to the issues in talks in parliament. It’s not yet know that the fess will increase or if they ever will be. The current flat fees are £215, or £155 where a solicitor is involved. The plans were to introduce a…
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