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Residential Property

16/07/2021

SDLT Holiday and IHT Planning

A report in The Times[1] recently suggests house prices are beginning to fall as the Stamp Duty Land Tax exemption period came to an end on the 30th June 2021. The stamp duty ‘holiday’, as it came to be known, saw a surge of conveyancing activity, especially in the run-up to the deadline, with many…

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11/02/2021

Government’s low-cost loans for cladding removal need careful scrutiny

Expert property lawyer, Darren Cox of Thursfields Solicitors has highlighted a potential problem with the government’s new plans to finance the removal of unsafe cladding on blocks of flats. Darren was commenting after Housing Secretary Robert Jenrick announced that flammable materials will be removed from buildings over 18m high “at no cost to residents”, but…

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03/02/2021

Thursfields gives cautious welcome to government’s leasehold reform proposals

Homebuyers need to see more details if they are to be convinced the government’s proposed leasehold reforms will make it easier and cheaper to buy their homes. Darren Cox, an associate in Thursfields’ residential conveyancing team, said leasehold had had a bad press but can be a perfectly legitimate way of owning a property. “Where…

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09/12/2020

Worcestershire home movers quick on the draw as Stamp Duty holiday deadline looms

There’s never been a better time or place to be moving house than right now and in Worcestershire. The comments come after new research revealed that the county is the fastest in the UK for completing house sales. And this speed could help thousands of householders who are hurrying to save small fortunes by exchanging…

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05/08/2020

Thursfields Talk Legal: property auctions to be discussed at free webinar

The crucial things to remember if you’re considering buying a home via a property auction will be discussed at Thursfields Solicitors’ webinar next week. Darren Cox, an associate solicitor in the Residential Conveyancing department, will host the free Talk Legal webinar at 10am on Wednesday 12 August. Darren will introduce the webinar live on Zoom,…

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27/07/2020

Law Commission’s blueprint for future of home ownership welcomed

Recommendations for a new and clear direction for the future of home ownership have been welcomed by Thursfields Solicitors. Nick O’Hara, managing director at Thursfields was commenting after the Law Commission unveiled a plan that included a commonhold regime described as “fit for purpose”, plus a reform of leasehold enfranchisement and the right to manage….

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10/07/2020

Preparing to move home | Residential Conveyancing Solicitors

Following the relaxation of the lockdown provisions, the property market has sprung back into life.  The usual springtime activity was subdued but now we are seeing a frenzy of activity and with the concessions with stamp duty, there is no better time to prepare your home for sale. There is always lot of advice from…

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08/07/2020

Thursfields welcomes Stamp Duty cut as timely boost to housing market

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…

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12/06/2020

Property post lockdown – Residential Property

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…

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05/06/2020

No worries over delay to leasehold law changes

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…

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29/05/2020

Are you on the move? Business as usual at Thursfields | Residential Property

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…

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19/05/2020

Top residential property transaction standards achieved by Thursfields

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…

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