In April, UK house prices saw a modest increase of 0.1% compared to March, reaching an average of £288,949. This uptick follows a 0.9% decline in prices observed
Despite High Mortgage Rates, UK House Prices Rise
EPC Accuracy Revisited: Which? Calls for Overhaul
Nikka Sulton
A prominent consumer organization is urging for a comprehensive revamp of Energy Performance Certificates (EPCs). With numerous UK households anxious about winter warmth and soaring energy costs, EPCs
Savills Predicts £61,500 Surge in House Prices by 2029
Nikka Sulton
Savills, the estate agent, has adjusted its predictions, now projecting an average increase of £61,500 in house prices over the next five years. Previously forecasting a 17.9% rise
What Are My Rights As A Leaseholder?
Nikka Sulton
Understanding leasehold rights and responsibilities is crucial in business lease agreements. Leasehold grants the right to use a property for a specified period. As a leaseholder, obligations entail
Build-to-Rent Advocates’ Views on Buy-to-Let Challenges
Nikka Sulton
Legal and General Investment Management (LGIM), a prominent player in the struggling Build To Rent sector, has launched a scathing critique aimed at buy-to-let landlords. Their condemnation targets
Do You Need To Pay Stamp Duty On Lease Extension?
Nikka Sulton
When purchasing property, Stamp Duty Land Tax (SDLT) is a typical expense. Fortunately, most individuals are exempt from paying SDLT on their lease extension premium. Even if SDLT
Can A Leaseholder Be Forced To Sell?
Nikka Sulton
Selling a leasehold property differs slightly from selling one on a freehold basis, requiring additional documentation and potentially the services of a solicitor experienced in leasehold sales. According
Is A 125 Year Lease Long Enough?
Nikka Sulton
It’s a pretty bold statement, but in short, a 125-year lease is not long enough to provide the security and flexibility desired in property ownership and investment. While
Ignorance on Tenancy Types Can Be Costly
Nikka Sulton
An industry group is emphasizing the need for landlords and letting agents in England to understand the distinctions between statutory and contractual tenancy agreements. This call to action
What Is Considered a Short Lease in The UK?
Nikka Sulton
When buying a flat or maisonette, whether for personal use or investment, it’s common to encounter leasehold properties. The remaining years on the lease significantly influence the property’s