A hearing at Inner London Crown Court early in September found against a developer who had, despite three failed planning applications, proceeded to rent out a property as flats. The result is a successful action under the Proceeds of Crime Act and a bill for more than £175,000 for the offending company and its millionaire owner… To read the whole article, click here.
Secretary of State for the Department for Communities and Local Government, The Rt Hon Eric Pickles MP, has unveiled a “Rent to Buy” scheme of loans totaling £400m to assist housing associations and developers in building 10,000 homes. Split 50/50 between London and the rest of the country, the scheme seeks to “stand by people who work hard and do the right thing, helping them move on and up in life”… To read the whole article, click here.
David Cameron has promised to help First-time house-buyers under the age of 40 by offering a 20% discount on new homes if the Conservatives are re-elected. The scheme, an extension of Help-to-Buy, could impact tens of thousands of families. If you’re under 40, you could be eligible… To read the whole article, click here.
Property Developer erects 6ft fence around neighbour’s house, blocking in their car and denying access to their own front gate A couple have become unable to access their house via their front gate as a neighbouring property developer erects a 6ft fence just inches away – even preventing the couple from moving their own vehicle off the driveway. To read the whole article, click here.
Ref. CLP Holding Co Ltd V Singh and Kaur (2014) EWCA Civ 1103 The court ruled on who was responsible for a VAT payment on the purchase of a commercial property, when there was an element of conflict within the conveyance procedure concerning general and specific terms. The result carries a number of interesting points for commercial conveyancers and property owners… To read the whole article, click here.
Ref. Loose v Lynn Shellfish Limited (2014) EWCA Civ 846 The immortal quote from Mark Twain, “Buy Land, they’re not making it anymore” was this month challenged in the courts with a case over newly accreted land in the Wash. Legal ownership was called into question in a High Court Case last year and has been considered again in the Court of Appeal. So the question is, are they making land? To read the whole article, click here.
The property market fact file is a collection of data compiled each month by our Chartered Surveyors and thepropertysurveying.co.uk team; collating survey data, statistics, trends and information from the property market. This aims to help many persons with an interest in property gain an accurate view of what is happening in the UK property market as a whole. To read the monthly fact file, click here.
Islington Council imposed an Article 4 Direction within their remit. The Department for Communities and Local Government overruled the imposition of the Article 4 Direction. Following an appeal process, Islington Council have been allowed to re-impose the Direction following confirmation that the DCLG were using inaccurate data in their assessment of the case. To read the whole article, click here.