Tag: Property

What does Coronavirus mean for landlords and tenants?

To read this article as a PDF, please click here. As a consequence of the COVID-19 outbreak we are all now living in unprecedented times. Shops selling non-essential goods have been forced to close.  People have been instructed to stay at home.  So what does this mean for landlords and tenants?   THE LAW, WHAT …

Buying Real Estate in the UK

The UK Residential Real Estate system is unique.  It offers transparency, a secure way of holding an asset and clear rules on ownership.  Although it may seem complicated to an overseas investor it provides a structured way of ownership and allows for the relative ease of trading in properties. The first stage for an investor …

Update on residential leasehold houses

The Government announced on 27 June 2019 a number of proposed reforms in the Residential Leasehold Sector, which include: – All new build houses to be sold on a freehold basis only.   Help to Buy contracts will not permit new leasehold houses being sold (other than in exceptional circumstances).   Ground rents will be …

An immigration reminder

Although this legislation was brought in on 1 February 2016, landlords need to be reminded that they must check the immigration status of their tenants or licencees. Landlords must check under the Immigration Act (sections 20-37 and Schedule 3) the status of prospective tenants and other authorised occupiers before a residential tenancy is entered into, …

Tenants fee at 2019 reminder

Since the 1st June 2019 the Tenant Fees Act 2019 prohibits letting fees paid by tenants in the private rental sector and also caps tenancy deposits. The aim is to prevent landlords from charging tenants for anything other than rent, a tenancy deposit and a holding deposit. There are other permitted payments including interest charges, …

Property fit for humans

Welcomed proposals are being considered by the Government to ensure that premises let by landlords are fit for human habitation.  The obligations contained within the Fitness for Human Habitation and Liability for Housing Standards Bill, will also extend to other areas of the building that the landlord has an interest such as common parts and …

Svenska Handelsbanken

Sherrards worked with Svenska Handelsbanken on over £8million of business in 2016. Combining commercial property and corporate expertise, Claire Haywood and Kiall Bagnell recently advised the bank on a £4million portfolio refinancing and new loan facility over twelve multi-tenanted properties. The Sherrards team also worked with the bank on a £2.6million share purchase by the …

Stamp Duty Land Tax Filing Period

The Stamp Duty Land Tax (Administration) (Amendment) Regulations 2018 have amended the time limit for filing an SDLT return and for paying SDLT due in respect of a land transaction. The time period has been reduced from 30 days to 14 days and will be effective from 1 March 2019.

1 2 3