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Archive | Commercial Property Opinion
Budget 2012. What does it mean for the property and construction sectors?

The budget announced yesterday was one that “backed business” and could have a significant impact in the property and construction sectors. Below are a number of announcements that may affect you and your business. Tax changes Arguably, the most significant announcements were the government’s vast ranging tax changes: First and foremost, Stamp duty land tax…

Keep warm and make money with Renewable Heating

You may be entitled to receive government funded income by installing renewable heat in your property. Last year, the Government announced the introduction of a Renewable Heat Incentive (RHI) policy which is set to completely revolutionise the way heat is generated and used. The scheme grants, for a period of 20 years, regular financial support…

Access to Finance – A More Diverse Debt Market?

Debt is scarcer and more expensive. Banks are lending but on more restricted terms. It’s difficult to borrow any more than two thirds of a property’s purchase price. This means that only those investors with equity can remain “in the game” and take advantage of the drop in property values. So, what then does the…

When is a boundary not a boundary?

The Land Registry abides by what is known as “the general boundaries rule”. This rule stipulates that the boundary of a registered estate as shown for the purposes of the register is a general boundary and as such is not determined. Establishing the precise legal boundary of a property is often a costly, and sometimes…

Impact of the 2011 Budget on the Property Market

The 2011 Budget has been warmly welcome by the Commercial Property industry and the British Property Federation. It has highlighted proposals which could result in a sginificant increase in commercial property and residential developments. I have highlighted some of the key points of the 2011 Budget and their potential impact on Commercial Property. Enterprise Zones…

Housing Development: a lawyer’s perspective

A green field becomes a housing site. The developer has worked through planning, access, services. The layout has been decided and the glossy brochure is nearly finished. A solicitor has been appointed to handle the sales. How much is that solicitor part of the sale process? It is surprising to see how much sale documentation…

Considerations of a property purchase

Too often practitioners are engrossed in the technical issues of a property title and can sometimes lose sight of the more peripheral issues which may be of greater importance to a buyer. Solicitors, understandably, have to investigate title, commission appropriate searches and approve the conditions attached to the sale contract. However, how often are buyers…

Impact of flooding

Over the last few years there has been a significant incidence of flooding of residential properties in the UK. Graphic devastation caused to properties in Cumbria, Tewkesbury, Cornwall and Sheffield over recent years has highlighted to all property practitioners the importance of conducting specific flood searches. The Association of British Insurers have provided statistics indicating…

Planning searches

If you are buying a house, you will expect your conveyancer to undertake certain investigative searches, principally a local authority search, an environmental search and a drainage and water search. Most conveyancers would, as part of their remit to mortgage lenders, conduct these searches as a matter of professional expediency. It is, however, a fact…

Rural properties

According to data provided by the Halifax, property owners in rural areas have seen their property values increase significantly over the past decade. The rise in rural house prices far exceeded the increase in property prices in urban areas. Conversely, statistics have been provided which indicate that the average cost of living in a rural…

Renting versus buying

Over the last few years we have seen house prices level out and, in some areas, even start to fall. With the radicalisation of mortgage lending, buyers, whether first-time or subsequent, are now having to put down a far greater deposit than would have been the case in the first seven years of this decade.…

Mortgage regulations

The Financial Services Authority are proposing the implementation of mortgage regulations which various organisations, including the House Builders Federation, the Law Society and the National Housing Federation, believe could seriously erode the levels of mortgage lending. It is suggested that the new rules would virtually put a halt to mortgage lending to first-time buyers and…

Deposits and defaults

The good times for the property market seem to have faded rather quickly, with many suffering the hangover from the party that was the property boom. Part of the fallout is a sharp rise in the number of purchasers unwilling or unable to complete contracts for the purchase of properties that were entered into just…

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