Property Ownership – who is the real beneficial owner?

The UK has become one of the most popular destinations for foreign investment in real estate over recent years. Such investment has significant benefits to the economy and provides many jobs for the construction industry. When overseas companies invest in the UK this gives concern for potential illegal activity to take place. This concern has been voiced by the UK government and has led to the proposed introduction of a beneficial ownership register. The UK government seek to have clear corporate transparency in order that properties which are owned through…

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…

UK sees first time buyer Mortgages rise as buy-to-let slows

Conveyancers as well as Lenders across the nation have experienced the detrimental effects the new Stamp Duty Land Tax (SDLT) rules, which came into force from 1 April 2016, have had on the Buy-to-Let market. The new SDLT rules impose higher rates of SDLT on purchases of additional residential properties, the higher rates being 3% above the standard SDLT rates. This has deterred home owners from increasing their property portfolio in the UK as the rules also apply to properties owned abroad. One may argue the SDLT uplift on purchases…

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