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Posts by cardelladmin

Most new homes to be sold as freehold – leases capped at £10

Most newbuild homes will in future be sold as freehold, while leases will be capped at £10.   The new measures are part of a government clampdown on unfair practices in the housing market.   Communities Secretary James Brokenshire has launched a consultation on plans to improve the leaseholder sector, which will bring an end…

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Court orders sisters to pay £325,000 to dead father’s partner

Two sisters have been ordered to pay their dead father’s partner £325,000 from his estate, worth approximately £1m.   The court heard that James Redmond had made a will 20 years ago leaving everything to his two daughters.   However, since making the will he had formed a relationship with Carole Anne Taylor after meeting…

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Stamp duty boost for first-time buyers of shared-ownership homes

Stamp duty for first-time buyers of shared-ownership homes costing up to £500,000 has been abolished by Chancellor Philip Hammond.   Shared ownership is the system in which a person owns a percentage of a property, typically between 25 and 75%, and a housing association owns the rest. The scheme makes it possible to buy all…

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‘Giveaway budget’ but no rise in inheritance tax allowances

Chancellor Philip Hammond surprised political commentators by producing what’s been described as a “giveaway budget” featuring tax cuts and increased public spending.   While many people will welcome the increase in personal tax allowance and extra funds for services like the NHS, there was also some disappointment that there was no increase in inheritance tax…

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Court settles siblings’ dispute over sale of family home

Siblings arguing over house sale

The High Court has settled a dispute between four siblings who couldn’t agree over the sale of their parents’ house.   The issue arose after the parents died having left their family home in equal shares to their four children. The parents had expressed a wish that if one the children wanted to continue living…

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Lack of preparation for old age threatens our future well-being

Lasting power of Attorney

Most people in the UK are putting their future well-being at risk by neglecting to make legal preparations for their old age, according to a new report.   The research shows that Britain is experiencing a ‘dementia crisis’, with an estimated 13 million people unprepared for the possibility that they may be suffering from some…

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£1 billion fund created to help build thousands more homes

A new fund is being created to help speed up the delivery of thousands of new homes across England.   Housing Secretary James Brokenshire says the government is entering into a partnership with Barclays Bank to provide £1 billion of loan finance to help support small and medium sized developers.   Support, ranging between £5…

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