House prices defy expectation
Posted by: Titlesolv
After the initial shock of the Brexit result in June, there is a growing consensus amongst surveyors and estate agents that the housing market is recovering. The Royal Institute of Chartered Accountants (RICS) reported that 12% more of its members had noted house prices rising rather than falling in August, up from 5% in July.
Rebuilding Brick Walls and Removing Stumbling Blocks
Posted by: Titlesolv
Agenda for Land Registration Etc. (Scotland) Act 2012 Seminar; Rebuilding brick walls and removing stumbling blocks.
Remortgages rise post-Brexit
Posted by: Titlesolv
Figures published by the Bank of England in the summer confirmed the predicted slowdown in the property market and subsequent fall in mortgage applications following the Brexit vote. This was in addition to the stamp duty increase on buy-to-let properties in the last Budget. In contrast however, the popularity of remortgages grew; increasing by 6% from June to July this year.
The Insurance Act 2015
Posted by: Titlesolv
The Insurance Act 2015 came into force on the 12th of August. This Act together with the consumer insurance reforms that came into effect in 2013 have provided the greatest change to insurance contract law for over 100 years. The Insurance Act 2015 amends some key sections of the Marine Insurance Act 1906, which were regarded as not reflecting good insurance practice and is considered to be broadly neutral between insurer and insured.
Interesting times for landlords
Posted by: Titlesolv
Landlords in the buy-to-let market have faced a double-whammy. Not only did the former Chancellor of the Exchequer introduce a new stamp duty land tax surcharge on buy-to-let properties in April, but as of 2017, tax relief on mortgage interest will be phased out to be replaced with a capped tax credit. If that wasn't enough, in response to new affordability checks currently under consultation by the Bank of England, some of the UK's biggest lenders including The Mortgage Works (TWM) and Barclays raised a key affordability threshold in the spring.
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