Category: Property Law

The very latest news and views from Ashley James Solicitors

First Time Buyer Stamp Duty Savings

First Time Buyer Stamp Duty Savings

In the Budget on 22 November 2017, the Chancellor of the Exchequer announced a relief from stamp duty land tax (SDLT) for first time buyers. The relief will apply from 22 November 2017 to purchases of residential property for £500,000 or less, provided the purchaser intends to occupy the property as their only or main […]

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New measures considered to prevent gazumping

New measures considered to prevent gazumping

The Government are considering implementing new measures to prevent gazumping What is gazumping? Gazumping is when a buyer has had an offer to purchase a property accepted by the seller but before the sale is completed the seller accepts another offer from a different person and refuses to sell to the original buyer. Is it […]

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Ban on Leaseholds with large Ground rent

Ban on Leaseholds with large Ground rent

Plans to ban leaseholds on new-build houses in England The Government are proposing bans on Leasehold houses with large ground rents under new proposals. In some cases ground rents double every 10 years making them escalate quickly. The proposals are subject to an 8 week consultation and will apply only to England. The proposals will […]

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Conveyancing Scams continue to rise!

Conveyancing Scams continue to rise!

All clients should be extra vigilant when transferring funds to the bank account of their solicitors. A recent case which is linked below shows how things can go badly wrong. https://www.theguardian.com/money/2017/jan/14/lost-67000-conveyancing-scam-friday-afternoon-fraud-legal-sector-email-hacker In this case emails were hacked and this led to the deposit funds being sent to the wrong account. Our guidance is to ensure […]

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Homeowners Beware

Homeowners Beware

All homeowners should be vigilant when it comes to Land and Property they own especially when you are in a high risk category Take this example in the press recently http://www.bbc.co.uk/news/uk-england-manchester-38080102 Stockport identity fraud victim’s £500k home put on market. A Homeowner was shocked to find his property for sale on an auction site. Luckily […]

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Basic Guide To Buying a House

Basic Guide To Buying a House

How to Find a property: Research the area to ensure you are happy with it. Find a property by using Estate Agents and the Internet. Instruct a solicitor at this stage. Many people wait until they have found a property before instructing solicitors. We recommend that you do this when you first intend to buy […]

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