House prices rise 11% over the year but slowdown may be looming
September 1st 2022House prices rose by 11% in the year to July, according to the latest figures from the Nationwide Building Society. However, increases in interest rates and the rising cost of living crisis could lead to a slowdown. Sam Bulman Conveyancer in our Residential Property team reports. That slowdown may already be starting as the increase in prices between June and July was only 0.1%. The average house now costs £271,209. Nationwide’s…
Fears that ‘a wave of business closures could be on the horizon’
December 17th 2020The number of insolvencies has fallen slightly but there are fears that the figures could soon rise and that ‘a wave of business closures could be on the horizon’. Sam Lyon Associate Solicitor and Head of Corporate & Commercial reports. Corporate insolvencies decreased to 856 in October 2020 compared to September’s figure of 925 and remained well below October 2019’s figure of 1,485. Colin Haig, president of insolvency at trade…
Surge in house sales as stamp duty holiday comes into effect
September 28th 2020There has been a large increase in house sales following the introduction of the Stamp Duty Land Tax (SDLT) holiday. By Sam Bulman, Conveyancer After a 14.5% rise in July, residential property transactions in August rose a further 15.6% as more people decided to buy a new home. The increase came after Chancellor Rishi Sunak announced a stamp duty holiday for residential properties worth up to £500,000, effective from 8th…
Advice for home Help to Buy customers during Covid-19 outbreak
June 2nd 2020Sam Bulman Conveyancer in our Residential Property team provides some useful advice for 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.…
Government issues new guide on how to sell your home
June 6th 2019By Sam Bulman Conveyancer The government has issued a new set of guidelines to help people preparing to sell their home. The document, How to Sell, was produced by the Ministry of Housing, Communities and Local Government, and covers everything from ensuring your home has ‘kerb appeal’ to making sure you get good legal advice from a qualified solicitor. People who haven’t sold a property for many years may notice…
