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Property and Building Surveyors

Welcome to the Property Advice Newsletter
Written by Independent Chartered Surveyors
of the UK wide network of Property Professionals

www.PropertySurveying.co.uk

Publication date: 08th July 2014

In this month's edition... a challenge to the rule of Monk, a lucky escape for councils with many homeless applicants, proposals to quell the London property surge, advice on self-building and overpaying your mortgage and the curious story of a lady who has moved 56 times in just 13 years...

The Property Market Monthly Fact File - July 2014
The property market fact file is a collection of data compiled each month by our Chartered Surveyors and the propertysurveying.co.uk team; collating survey data, statistics, trends and information from the property market. This aims to provide a single place where anyone with an interest in UK property can find the information they need.
To read the monthly fact file, click here.


Supreme Court gives Preliminary Ruling on Monk Evictions
Ref. Sims v Dacorum Borough Council [2014]
The Supreme Court is reputedly set to reject a challenge to the rule in Monk on notices to quit given by joint periodic tenants. The case referenced above saw a seven-judge panel hear a challenge to the 1992 ruling from a man left stranded in a property after his wife terminated the joint tenancy and left him. We look at the challenge, which asked what impact, if any, the European Convention on Human Rights might have…
To read the whole article, click here.


Local Authorities Escape Hefty Resource Drain as Court of Appeal rules on Homelessness
Ref. Temur v London Borough of Hackney [2014] EWCA Civ 877
The Court of Appeal have provided an important ruling in the case referenced above, in which the appellant applied for protection under Part VII of the Housing Act 1996 as homeless and was granted it, without priority status. When appealing the priority aspect, Hackney declared that the appellant was no longer homeless – a decision which she has taken all the way to the Court of Appeal…
To read the whole article, click here.


New proposals made by the Bank of England aim to prevent housing boom.
Proposals made by the Bank of England, including a cap of 15% on the number of mortgages that lenders can give to people who want more than 4.5 times their salary, are being recommended to prevent another housing crisis. With the majority of such high loan-to-income lending occurring in London, there is hope that the plans will subdue the centre of the surging market, without hurting the rest of the country in the process...
To read the whole article, click here.

Could a cap on high loan to income mortgages help subdue London's property market?

Tax position for fixtures in commercial buildings – rules changed on 1st April 2014 could seriously impact commercial property owners.
Purchasers of commercial buildings such as a factory or offices must jointly elect to fix the value of the fixtures in the contract to be able to claim any capital allowances on those fixtures.
To read the whole article, click here.


Controversial report by the RIBA highlights that 80% of school buildings should not be in use and threatens Green Belt land
A recent report carried out by the Royal Institute of British Architects (RIBA) has indicated that 80% of current school buildings should no longer be operational. The same report controversially suggests that building must begin on the green belt to solve the housing crisis…
To read the whole article, click here.


Fancy building your own home?

Council assistance through Right-to-Build could unlock 1million new self-build homes. Could you make your dream home a reality?
People who want to build their own home will be able to turn to their council to make their dream a reality, under measures announced by Nick Boles on 2nd July 2014. Boles announced the arrival of a new 'Right-to-Build' which seeks to unlock land for custom builds. With Germany self-building 60% of all its new property and Austria 80%, is it time we joined the trend?
To read the whole article, click here.


The estate agent who ‘forgot’ to mention the bodies in the garden and other outrageous complaints…
When the housing market starts to boom, buyers' and sellers' activity soars. One side wants their property to sell for the highest price and the other want to grab a bargain. In this frenzy, the estate agents try to keep both sides happy. However, in their desperation to get a sale or exploit a property, things can go very wrong. Bodies, ghosts and seagulls all feature in this tale of house buying woe…
To read the whole article, click here.


Household Pests: Who is responsible, the landlord or the tenant?
There is often a disagreement between landlords and tenants as to who is responsible for dealing with a pest problem and according to the Association of Independent Inventory Clerks (AIIC), it is becoming more and more common to see the problems dumped on the landlord.
To read the whole article, click here.


Statistics reveal that prospective purchasers can pay more than £10,000 per square meter of property in certain areas of the country.
Recent figures released by the Halifax show have indicated that purchasers of houses in Chelsea, London could find themselves paying more than £10,000 per square metre as the average price for the area is revealed to be a staggering £10,854.
To read the whole article, click here.
Who can afford a home in Kensington & Chelsea at these prices?

Paying your mortgage off early - the pros, cons and pitfalls
Paying your mortgage off earlier than expected could be one of the biggest investments you ever make. You can be rid of your biggest debt fast, free yourself from ties to the mercy of the varying property market and put all the money you are no longer paying out to better use. With inflation and the base rate both low, we reveal why you should be thinking about overpaying on your mortgage obligations…
To read the whole article, click here.


And Finally....

In case you missed it…..

Woman moves house 56 times in 13 years
For many, moving house is a stressful ordeal to be avoided wherever possible. The average Brit opts to move house a total of around 8 times in his or her lifetime but for one woman, stress is evidently no obstacle as she’s racked up56 house moves in just 13 years.
To read the whole article, click here.



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