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The End of Leasehold Flats? A Breakdown of the Draft Commonhold and Leasehold Bill
Úna Campbell
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.
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.
In the current property market, properties are selling for less and sales are taking longer to complete. There are lots of tip available about attracting a buyer, but how do you convert a buyer's offer into a quick exchange?
The new Labour government is expected to announce significant tax increases in the upcoming October budget. This follows Chancellor Rachel Reeves' revelation of £22 billion in unfunded spending.
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