"Although housing has climbed the policy agenda, with supply issues dominating the private housing market, our forecast suggests that the likely increase in prices in 2016 will outstrip any rise in household income." Read the full story:
When it comes to auspicious dates, 5th April 2015 is certainly one for all who represent Non UK Resident Landlords.
From 5th April 2015 all Non UK Resident Landlords become liable for Capital Gains Tax (CGT). However, the good news is that the “Gain”, calculated only when the property is sold, is only taken from the value as at 5th April 2015.
For this reason many Non UK Resident Landlords are requesting a special CGT Valuation by registered Valuers of the Royal Institution of Chartered Surveyors (RICS), in accordance with the RICS guidance manual, the “Red Book”...... more .......
Oddly, those landlords who are non UK resident have not had to pay Capital Gains Tax (CGT) when selling their UK investment property. The government have however confirmed that this perk, or perhaps oversight, is to be abolished from April 2015.
But this “levelling of the playing field” between ...more ...
In the recent case of Hubbard v Bank of Scotland both the first instance judge and the Appeal Court decided that the mortgage valuation surveyors Colley’s were not liable to the claimant Mrs Hubbard, due to the limitations of a Mortgage Valuation.
This is a reminder to all that a mortgage valuation is in no way a substitute for a building survey, which should be booked as early in the transaction as possible.
Anyone who thinks “I’ll see what the mortgage valuer says first” runs the risk that if the valuer says nothing or even if they are wrong, the buyer may have no recourse.
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In a recent case Hubbard v Bank of Scotland (trading as Colleys Surveyors) [2014] the Court of Appeal upheld the decision that a building society or bank valuation is a very limited inspection.
During a valuation for the Bank Of Scotland, Colleys’ surveyor
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With spring approaching Stephen Woodward of Woodward Chartered Surveyors, which has an office in London, takes a look at how the property market is shaping up as we approach what is traditionally the busiest time of the property year.
The nation, albeit reluctantly sometimes, looks to London for its lead in so many areas of our lives. And property is certainly one of them. What happens in London influences what might happen in the rest of the country - given time. It is the ripple effect.
A quarter of all homebuyers who only had a MORTGAGE VALUATION report had to make unplanned building works to their property after purchase. On average, the bill for these works, such as damp proofing or repairing a roof, came to £1,818 – but the cost can be much higher.
Homebuyers in England and Wales are facing bills for thousands of pounds by failing to have a sufficient survey of their property before purchase, according to new research* from RICS.