Bonus for shared ownership buyers

First-time buyers who bought a shared ownership property in the last twelve months should check if they are due a refund on any Stamp Duty paid That's because when Chancellor Hammond extended Stamp Duty Relief available to first time buyers of shared ownership property in his Autumn 2018 budget, he also applied the extension retrospectively to any qualifying transactions that took place between 22 November 2017 and 29 October 2018. Since November 2017, relief has been available to first time buyers of shared ownership property who opted for the full…

Bump in the night for Airbnb landlords

Rule changes on short term lets could see part-time landlords hit by a new tax bill from next year if they let out their whole property. Homeowners can earn up to £7,500 per year tax free by renting a room to a lodger, but the rise of the sharing economy and sites like Airbnb has seen many hobby landlords come into the market and use the tax break to offset income when they let the whole of their home out for short stays. Whether it’s property owners in SW London…

Buying a house for holiday letting

If you've got the money to buy a holiday home, why have it sitting empty for much of the year? Unless you're going to be popping down to your holiday home every weekend, you could earn a sizeable income letting it out for holidaymakers to enjoy. If you want any more financial incentive then consider that a small, 2-bedroom cottage in a desirable part of the country (such as the Lake District or the West Country), can bring in an income of around £12-£15,000 a year. A larger property could…

Do you need planning permission for a conservatory?

With house prices on a steep trajectory upwards, more people are improving what they already have, rather than upscaling to a larger property. In many instances, that includes adding a conservatory to the property to give you an extra room. Sunny, spacious, and perfect for entertaining or simply relaxing, a conservatory is a popular choice for anyone who wants to expand their property footprint. However, it’s not just a matter of contacting a conservatory company and getting on with your home improvements. Depending on a number of factors you may…

Avoiding septic tank blockages when it comes to selling

This year’s housing market has been characterised by slumping prices and sluggish sales in many areas, posing a challenge to would-be sellers looking to move on. And for those who are not connected to mains drainage, generally in rural areas, there’s an added challenge, with many unaware of stricter rules regarding septic tank systems and soakaways, which must be dealt with as part of the conveyancing process. According to Jeremy Lewis, property law expert and Partner at Bowling & Co, Solicitors: "Property owners with a septic tank or small sewage…

Focus on Residential property department

This month we take a look at our Residential property department which is headed up by Jeremy Lewis, Partner. The Bowling & Co highly experienced and skilled residential team advises clients based in London, throughout the UK and overseas on a wide range of residential property transactions. Help when you need it Our residential staff are here to help guide and support you throughout the process of buying or selling and aim to offer clear, concise and jargon free advice. A residential property transaction can be an exciting but ultimately…

Legal Tips and Help

Buying or selling a property can be an emotional rollercoaster and lawyers use a lot of technical terms, so much so that it can be difficult to follow what they mean and at a time when you are trying to deal with the ups and downs of buying or selling a property, this is not a good recipe for keeping calm. To bring clarity to the puzzle of conveyancing “speak” we at Bowling & Co try our level best not to bombard you with lots of confusing legal terminology. However, sometimes…

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