From the 1st March 2020, the Fitness for Human Habitation Act 2019 (FFHH) is being extended to include the whole of the private rental sector. At present, only tenancies granted after the 20th March 2019 are covered by the regulations. From March 2020, any Landlord or managing agent acting on their behalf can be sued... View...
As you may be aware, the Tenant Fees Act came into force on the 1st June 2019. One element of this legislation capped tenant deposits at five week’s rent as a legal maximum. This applied for all new tenancies from 1st June 2019. However, this cap will be retrospectively applied to all existing tenancies on the 1st June 2020.... View...
Rightmove has reported property price increases from December 19 to January 20 of 2.3%; representing the largest-ever increase in prices over a 4-week period since it began its asking price index almost two decades ago. With the property market starting the year in such good health, 2020 is poised to be a strong year all... View...
£
There are three rates of stamp duty land tax which could be applicable to the purchase of a property and are dependent on your circumstances.
If you are a first time buyer, then there no stamp duty to be paid on the first £300,000 of the purchase price of a property valued below £500,000.
If you are buying a property as a second home or investment, or you are retaining your current property whilst purchasing a new principal residence, you will be liable for a stamp duty surcharge of 3%. In the latter circumstance, the stamp duty surcharge payment is refundable if the property you have retained is sold within three years of your purchase date.
For more information, please visit: Money Advice Service
