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Category: Moving Home

Levy change could make it cheaper to build your own home

Levy change could make it cheaper to build your own home

Under the current system, new homes above a certain size are subject to the Community Infrastructure Levy. The levy allows councils to raise funds from developers undertaking new building projects in their area. The money raised is used to fund the infrastructure needed to support the development and to support local communities. Ministers say individuals,…

Homeowner compensated after house purchase falls through

Homeowner compensated after house purchase falls through

The buyer had argued that forfeiting his deposit should be adequate compensation, but the Court of Appeal disagreed. The case involved a buyer who agreed to purchase a house and complete by 30 June, 2008. He failed to do so. The seller put the property back on the market but was unable to find another…

Budget offers two schemes to help homebuyers

Budget offers two schemes to help homebuyers

The measures were announced in the Budget. The first scheme is called Help to Buy: equity loan, and applies to new build properties only. It expands the existing First Buy scheme and is now available to everyone, not just those buying their first home. To qualify you will need a minimum deposit of 5%. The…

House sales rise as number of first time buyers hits 5-year high

House sales rise as number of first time buyers hits 5-year high

Its figures show that there were 216,200 first-time buyers in 2012. That was the first time the annual total exceeded 200,000 since 2007. It was also a 12% increase on the 2011 figure of 193,000. In further good news for the housing market, the Royal Institution of Chartered Surveyors (RICS) reports that the number of…

Reductions in asking prices for homes at a two-year low

Reductions in asking prices for homes at a two-year low

Its research shows that 32.8% of properties on sale in November had seen a price reduction since first being put on the market. That was down from 40.4% in November 2011. Lawrence Hall, a spokesman for Zoopla, said: “The proportion of properties that have seen their price reduced and the average amount of the discount…

Government to cut red tape on home improvements

Government to cut red tape on home improvements

Planning Minister Nick Boles said that for a limited time, red tape will be slashed and unnecessary rules and bureaucracy will be removed in order to make the system more efficient. He said the majority of planning applications are uncontroversial. Nearly 90% of requests are approved every year but the process takes up a lot…

Could someone gain a right of way over your property?

Could someone gain a right of way over your property?

So how many times do they need to cross the land to establish such a right? A recent case involving a landowner and his neighbour suggests that even infrequent use may be enough if it remains unchallenged over several years. The landowner’s property contained an unregistered track that was wide enough for a car to…

Estate agents face prosecution over misleading information

Estate agents face prosecution over misleading information

In the brochure they described the house as a “charming period, detached family house…set within superb gardens of approximately three-quarters of an acre”. The gardens were actually only 0.4 acres. The estate agents had relied on the vendors of the property for details of the house rather than taking their own measurements. Their description in…

Low deposit NewBuy Guarantee homes still available

Low deposit NewBuy Guarantee homes still available

The scheme was set up in March to help people buy a home by providing 95% mortgages on newly built properties. It means that instead of a typical buyer having to provide a deposit of £20,000 on a £100,000 home, which many lenders demand, they only have to provide £5,000. It’s ideal for people who…

Home Sellers urged to be realistic about prices

Home Sellers urged to be realistic about prices

The latest UK Housing Market Survey by the Royal Institute of Chartered Surveyors (RICS) says that interest from would be buyers held firm in July despite the bad weather. However, the number of homes being put up for sale continued to fall with fewer vendors wanting to test the summer market. The Nationwide building society’s…