Proceed with caution
Posted by: Titlesolv
The recent Grade II listing of No.1 Poultry in the City, designed by James Stirling of Michael Wildford and Associates in the mid-1980s, provides a timely reminder of the significance of listed buildings and the risks associated with altering them. Described in the FT as "one of the last monuments of postmodernism", the building attracted controversy after concerns were raised about proposals to extend and change the principal facades of the building.
Turn and face the strange of 2016
Posted by: Titlesolv
2016 was certainly a year of Changes, to quote singer/songwriter David Bowie, whose death in January was for many a portent of the tumultuous year ahead in the political and economic spheres. The three per cent rise in stamp duty on second homes and buy-to-let purchases was greeted with some dismay, particularly as the government's initial consultation had suggested that there could be an exemption for investors buying 15 or more properties.
Stand and deliver
Posted by: Titlesolv
As the government comes under increasing pressure to meet housing targets, compulsory purchase orders (CPOs) are gaining favour as a means of allowing a public body to take a property by right where it is needed as a matter of public interest.
Buy-to-let under pressure
Posted by: Titlesolv
Buy-to-let lenders are facing a double whammy, and as a result, will start to stress-test buyers at a higher threshold from January 2017.
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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