The Competition and Markets Authority is set to take action after finding potential mis-selling and unfair contract terms in the leasehold housing sector. The CMA has found evidence of people being misled about the cost of converting their leasehold to freehold – initially they were told it would only cost a small amount, but later […]
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People selling buy-to-let properties or other property owners could clock up financial penalties due to ‘seismic’ changes to the capital gains tax payment rules, tax expert Imogen Lea (pictured) from Clarke Willmott LLP has warned. From April 6, anyone who sells a residential property giving rise to a capital gain on which CGT is payable, […]
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I’m pleased the government is taking action against the ridiculous practices surrounding leaseholds, following the Competition and Markets Authority findings. The CMA is now completing the legal work to launch direct enforcement action against companies like housebuilders that it believes have broken consumer protection law – and I’m looking for… This article is only available […]
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Annual house price growth across the UK averaged at 2.3% in the year to February 2020, its highest point since July 2018. The typical price reached £216,092 in February, following monthly growth of 0.3%. Miles Robinson, head of mortgages at Trussle, said: “With house price growth at its strongest in the last 18 months, it’s […]
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Connect UK Auctions has launched Connect Realtime, which allows buyers to view the auction live via its website and bid against in-room bidders. People can bid on their tablets mobile phone or computer while watching the auction live. Adam Partridge, auction expert as featured on the BBC and Channel 4, introduces the auction and individual […]
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