High-rise residential building safety requirements
High-rise residential building managers will be responsible for safety case requirements for residential buildings under the Building Safety Bill.
SDLT holiday ends soon!
SDLT holiday ends soon and returns to previous thresholds of £125K for residential properties, £150K for non-residential land and properties.
Self-Employment Income Support Scheme grant: what you need to know
The Self-Employment Income Support Scheme grant is coming to an end. Find out how you can claim the final installment here.
Homebuyers’ sentiments in India have changed since COVID-19
Our client Anarock Property Consultants has recently published the results of their Pan India survey that provides a longitudinal view of consumer sentiments about the residential market and about changing consumer consumption attitudes since the outbreak of COVID-19. Industry body CII and property consultant Anarock conducted the online survey during January-June this year with a sample size of 4,965 participants. In the report, CII and Anarock say that the COVID-19 pandemic has altered homebuyers' preferences significantly, with the second wave being a significant change catalyst. I would love to hear…
Rent forfeitures and Commercial Rent Arrears Recovery
Eviction protection extended for businesses most in need On the 16th June 2021, the Government announced its intention to further extend the Moratorium in relation to commercial evictions in light of the COVID-19 Pandemic. This will now run until March 2022. As far as Commercial Rent Arrears Recovery (CRAR) is concerned, only rent that is more than 554 days in arrears can be collected, this meaning that the rent arrears from March 2020 quarters onwards cannot be recovered as of yet. The Government is preparing a full release on the…
News: Bowling ‘dress up’ to support SSAFA Armed Forces Charity
Bowling & Co 'dress up' to support SSAFA Armed Forces Charity. A huge thank you to our clients, friends, and staff who ‘dressed up' in their best business attire to support Strettons, Ashfords LLP, and Nyman Libson Paul with their Tailored Tuesday launch day on 23 March in aid of SSAFA, The Armed Forces charity. For many of us, it was the first time in a while we dressed in full business attire, and for some, it appears lockdown has had a small impact on our waistlines! Nonetheless, we did not let that daunt us for…
News: Chancellor empties his purse for a pandemic-beating budget
The impact of the coronavirus pandemic on the UK’s economic agenda dominated the Chancellor’s 2021 Budget Statement, with support for business and jobs receiving top-line billing. In a statement focused on “protecting jobs and livelihoods”, the Chancellor outlined a range of measures designed to provide a continuing safety net for individuals, businesses, and the wider economy during the planned exit from lockdown and beyond, as outlined in the Prime Minister’s roadmap in February. This further support will see the country recording the highest-ever level of peacetime borrowing, at 16.9% of…
News: Stamp duty holiday extended until the end of June
What does it mean for you? In the Budget, today, the Chancellor has confirmed that the stamp duty holiday on properties priced up to £500,000 has been extended by three months until the end of June. In addition, the holiday will also apply to properties priced up to £250,000 until the end of September 2021! The extension provides relief for buyers who were unlikely to complete their transactions before the original March 31 deadline. With a tax cut now available for buyers until September, this should also help to ensure…
New: Law Society calls for review of end of SDLT holiday to prevent sales collapsing
The Law Society has made a press release that calls for urgent action to prevent the end of the temporary increase in the residential SDLT nil-rate band. This is due to end on 31 March 2021, resulting in possibly, thousands of aborted sales. The Law Society is urging people to write to their MP to call for action. It has also suggested three possible options for the government to address the problem: Extend the temporary increase in the SDLT nil-rate band, thereby providing more time for buyers to complete transactions.…
Law Society Conveyancing Quality Scheme members
Bowling & Co has once again been accredited as Law Society Conveyancing Quality Scheme members - the mark of excellence for the home buying process. This is the 10th year in a row that we have achieved CQS accreditation. The Law Society’s Conveyancing Quality Scheme (CQS) accreditation is the hallmark of high standards and establishes a level of credibility for regulators, lenders, insurers, and consumers. It is the quality mark of the home-buying sector and enables consumers to identify practices that provide a quality residential conveyancing service. With so many…