Chancery Division Court Ruling puts pressure on tenants and their advisors to make certain that any option clause notices are properly served. Inaccurate serving of the notice will invalidate the process.
A tenant in Kensington did not follow the terms of his lease and the courts have confirmed that his wish to enact an option to break clause was therefore inoperable.
The monthly property market survey fact file from the Propertysurveying.co.uk team collating survey data from the building and property market. To read click here.
According to the Bank of England, the net sterling mortgage lending by all UK residents increased in May 2010.Â
To read the full article click here.Â
20th July 2010
Mortgages issued by the Council of Mortgage Lenders Members increased from £11.4 billion in May to £13.1 billion in June according to figures released on the 20th July. To read the full article click here.
20th July, 2010
The National Association of Estate Agents (NAEA) have reported that although the number of houses on their books fell slightly in June, the number of house hunters rose.
The RICS (Royal Institute of Chartered Surveyors) report gives the opposite picture, with the number of house buyers down and housing stock up.
To locate whether there is a mobile phone mast close to your home, or near a home which you are thinking of purchasing, involves considerable research. Will it be required as part of the local authority enquiries contained within a property search prior to conveyance?
Certain studies have shown a higher incidence of certain cancers, tumours and other illnesses in persons living or working close to mobile phone masts. However, a recent study published in the British Medical Journal, found no link between Childhood Tumours and the radiation emitting base stations which some people blame for a spate of illnesses.
To read the whole article, click here.
The monthly property market survey fact file from the Propertysurveying.co.uk team collating survey data from the building and property market. To read click here.
George Osbourne’s ‘Emergency Budget’ has been delivered.
Councils that can keep their Council Tax bills down, by means of saving on expenses, will be subsidised as a reward for so doing. This will mean council tax bills can be frozen for the year 2011/12 for hard-hit householders.
The top rate of Capital Gains Tax is to be increased to 28% from midnight. This will only affect higher-rate tax payers. This is lower than the 40% rumoured.
22nd June 2010
Gardens will be given greenfield status, rather than brownfield, the government will announce today, to end “Garden-Grabbing”, where developers buy up a garden and build several houses on it. Greg Clark, Communities Minister, is to say that the reclassification will give local councils the power to reject housing developments within urban and suburban areas.
To read the whole article, click here.
The British Bankers Organisation has reported on 26th May, that “Overall lending to companies remains subdued, although the annual rate of contraction appears to have bottomed out.”
To read the whole article, click here.
