Tenant Stamp Duty Charge
Renters in the United Kingdom may face large penalties as a result of a little-known law that may force them to pay Stamp Duty Land Tax (SDLT) despite not owning their rental property.
Mum and Dad need to get with it
Parents who help their children get on the property ladder are being urged to adopt a more professional approach when it comes to handing over the cash. Faced with high rental costs and soaring property prices, more parents are dipping into savings or releasing capital from their own property to support the next generation. Research by Legal & General estimates that a massive £6.3bn was provided last year by the Bank of Mum and Dad – or BoMaD - as it’s known. The figure effectively makes BoMaD the 11th largest mortgage…
What is Post-completion and how long does it take?
If you have ever sold or purchased a property you may be familiar with the concept of "Completion". For those who have not done so, completion is the date on which the parties to a transaction physically move to their respective properties, once the solicitors have sent the funds and these have been received. As far as a seller or purchaser is concerned that is the end of the matter for them, as they are either moving onto their new home or receiving a balance in their bank account. For solicitors,…