The process of buying a residential property in England can be more complicated than purchasing a property overseas. There are a number of key factors which differ from overseas systems and understanding these differences can help overseas buyers navigate the system and ensure they secure the property they choose. We have set out below the main complexities for buyers to consider:
The need for new houses is well-documented and inarguable.
The government have set an ambitious target to tackle this housing crisis – calling for 1.5 million new homes over the next five years or put differently, 300k new homes a year. To put that in context, UK house building has not topped 300k in a calendar year since 1970 – so, as I say, ambitious.
This Bill, which was originally introduced by the previous government as the Renters’ Reform Bill, seeks to level-up the perceived current imbalance between residential landlords and tenants by bestowing on tenants greater rights and security. But critics argue that the proposed reforms go too far in favour of tenants. So, what are the current key reforms affecting private residential tenancies?
The recent legal challenges faced by Pink Floyd legend David Gilmour over the ownership of his £10 million Hove mansion have cast a spotlight on the importance of clarifying property ownership, especially when held by now-defunct corporate entities.
Introduced in 2013, permitted development rights led to an uptick in office-to-residential conversions and recent amendments made to The Town and Country Planning (General Permitted Development) (England) Order 2015 (‘GPDO’) have made office-to-residential conversions even more accessible for developers. This blog looks at the recent changes and discusses the opportunity these present to developers.
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