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This Month's Newsletter
Royal Institution of Chartered Surveyors

Welcome to the Property Advice Newsletter
Written by Independent Chartered Surveyors
of the network,
providing access to
Local Independent Chartered Surveyors covering the UK

Publication date: 8th March 2012

Property Market Monthly Fact File – March 2012
The property market fact file is a collection of data compiled each month by our chartered surveyors and the team, collating survey data, statistics and related trends and information from the building and property market. This will help many persons with an interest in the property market to gain an accurate view of what is happening in the property market as a whole in the UK.
To read the monthly fact file, click here.

Judge labels defendant ‘drug lord’ and orders £2m home recoverable under 2002 Proceeds of Crime Act
Ref. Serious Organised Crime Agency v Aaron Charlton Coghlan and Claire Lisa Burgoyne [2012]EWHC 429
After escaping prosecution in the trials for three brutal murders, one of which took place in his own home, suspected ‘drug baron’ Aaron Charlton Coghlan has finally been punished for his crimes under Section 266 of the Proceeds of Crime Act 2002.
To read the whole article, click here.

Ancient and little known law helps Landlords charge double rents
Ref. Section 18, Distress for Rent Act 1737
We reveal a statute from the 18th century which could provide a boon for landlords in the UK.
To read the whole article, click here.

Financial Privilege of the Commons helps bedroom tax become reality
Invoking the 17th Century financial privilege of the commons, MPs have rejected amendments to the Welfare Reform Bill and finally pushed it through the House of Lords, bringing the bedroom tax one step closer to reality.
To read the whole article, click here.

Written Contracts for the Sale of Land and the Exceptions Thereof
Ref. Property (Miscellaneous Provisions) Act 1989, section 2
All contracts drafted for the sale of freehold land, or the creation of an interest in the same, must comply with the Law of Property (Miscellaneous Provisions) Act 1989, section 2. We review the details of the Act which must be fulfilled to form a valid contract.
To read the whole article, click here.

Occupy London Protestors Evicted after High Court Ruling
Ref. The Mayor Commonalty and Citizens of London v Samede (St Paul's Churchyard Camp Representative) & Ors [2012] EWCA Civ 160
Protestors that have been in situ outside London’s St Paul’s Cathedral since 15 October 2011 have now been forcibly removed by police and bailiffs, as of just after midnight on 28 Feb 2012.
To read the whole article, click here.

Evicted Occupy London group to set Housing as the next battleground
After their midnight eviction on 22 Feb this year, protestors of the Occupy London group have turned their attentions to the Government’s housing policy, beginning to draft proposals as well as taking matters in to their own hands.
To read the whole article, click here.

Mansion Tax or 50p Tax rate?
Recent comments from Business Secretary Vince Cable have revealed that he and the Lib Dems may be willing to give up their hold on the 50p tax rate in return for an alternative form of taxing the rich. Three variations of what is being labelled a ‘Mansion Tax’ have emerged to fill the gap in revenue any potential reduction in income tax might create.
To read the whole article, click here.

“Property-Owning Democracy” suffering as homeownership slumps
The “Property Owning Democracy” Mrs Thatcher once tried hard to develop could be under threat, with homeownership falling to the lowest level in a generation.
To read the whole article, click here.

Eco-Towns – New Homes and Communities in the Pipeline.
Northstowe go-ahead indicates that a new wave of "eco-towns" could still help alleviate the housing shortage.
To read the whole article, click here.

Britain’s biggest home lender raises Mortgage Rate
As of 1 May 2012, Halifax’s standard variable mortgage rate will be increased from its current rate of 3.5% to 3.99%, the first rise by the bank for three years and one set to affect at least 850,000 customers.
To read the whole article, click here.

10 questions on…… Letting a property
The rental market, contrary to parts of the purchase market, has performed strongly over the last year, with more people than ever seeking to rent a property. Rent prices are on the up therefore and many property owners are looking to profit from tenancy agreements. We outline ten things you should be aware of before letting your property, with or without an agent.
To read the whole article, click here.

In case you missed it…. Thinking of buying a house in London? Why not buy a French Village?
February brought the opportunity to purchase a whole French village, complete with stables and swimming pool, for the bargain price of just £275,000.
To read the whole article, click here.

If you have any suggestions for articles to be written, send an email to the editor via the office email below.

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The next newsletter will be published at the beginning of April.  Click here to access the Newsletter Archive

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