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Thursfields Solicitors has welcomed the Chancellor’s decision to cut Stamp Duty on homes under £500,000. Nick O’Hara, managing director, said: “This is the right move at the right time to get the property market moving again. “There was a degree of pent up demand, delayed house moves and an initial surge of interest after lockdown…
Are you buying a property or are you buying a home? How has the property market been affected by the lockdown? That is the question many are asking but, in truth, does anybody really know the answer? There are a range of opinions on the subject based on educated guesses and predictions. In times of…
No-one should be concerned about a delay in the simplification of rules surrounding leaseholders’ rights to buy or extend their leases, according to Thursfields Solicitors, who said that a long-awaited update on what’s known as leasehold enfranchisement has been put back by COVID-19. But experts at Thursfields said they had been involved in detailed consultations…
Following the government’s announcement on 10th May stating their intention to start a relaxation of the current lockdown restrictions the Property market has been able to return back to previous functionality. The changes meant that all activities relating to the purchase, sale or letting of residential properties are now permissible under the lockdown such as…
The Law Society has approved Thursfields Solicitors’ ongoing membership in its top standards scheme for residential property transactions. Thursfields has been re-accredited by the Conveyancing Quality Scheme (CQS), a nationally recognised benchmark for the best residential conveyancing practices. Membership of the CQS, according to the Law Society, establishes a level of credibility for firms with…
The Governments announcement on 10th May, and detailed guidance published on 11th May, to start a slow relaxation of the lockdown restrictions and the re opening of the economy is welcome news. Like many businesses, Thursfields has had to adapt quickly to the challenges of the lockdown restrictions whilst continuing to offer an exceptional service…
As part of the new laws around social distancing, potential buyers are unable to view a property in person. This has had a major impact on estate agents. However, a number of sales and purchases are still being agreed where properties have been previously viewed or where people are carrying out online viewings. In addition,…
With the Coronavirus Act and the 2020 Health Protection Regulations being passed into law by parliament on 26th March 2020, we are inevitably seeing an impact on residential conveyancing. Here, we will answer key questions on how Thursfields are responding to the extraordinary situation and how the market has been affected. What is the Government’s…
Louise Jones, Head of New Homes at Thursfields, is encouraged by the recent news that some of the larger lenders are getting used to life in lockdown and are starting to offer greater product choices once again. Louise noted “This positive step forward by lenders will hopefully mean that the housing market will recover quickly…
Property owners selling homes at a profit have less than a month to complete before a new Capital Gains Tax (CGT) regime comes in that means the tax must be paid within 30 days. Thursfields Solicitors is reminding sellers that new rules introduced by the Finance Act 2019 mean that CGT must be paid much…
Understanding why your solicitor needs to know who you are and be provided with appropriate documentation Providing your identification documents may seem like a tedious ‘tick box’ to do task. However, with the increasing burden on law firms to identify, and establish, who their clients are this is an exercise that is a very serious…
Howeowners seeking to extend leaseholds or to purchase freehold titles to their properties should seek expert advice to achieve successful outcomes, according to Thursfields Solicitors. Lauren Bryan, a property dispute specialist lawyer at Thursfields’ Kidderminster office, was speaking after a recent case where the owner of a leasehold flat who expected to pay around £20,000…