201907.29

The Guildford Legal Walk 2019

On Monday 8 July 2019, a team from Gordons Partnership LLP joined the 300 walkers who took part in the Guildford Legal Walk 2019. Hosted by the London Legal Trust, the Guildford Legal Walk is a sponsored 10km through the Surrey countryside. Lead by Mr Justice Robin Knowles, HH Judge Alison Raeside and a team…

201907.29

The Tenant Fees Act 2019

The Tenant Fees Act 2019 (‘the Act’) came into force on 1 June 2019 and applies to three main criteria “in connection with a tenancy of housing in England”. Controlling the kind of payments that landlords and letting agents can require Restricting certain third party arrangements Setting out strict regulations for the treatment of holding…

201907.24

What are Conveyancing Disbursements?

Conveyancing ‘disbursements’ are the additional fees and taxes that must be paid to various third parties by a solicitor, on behalf of the buyer or seller. Usually these are paid up-front, although some of the expenses will be added to the final bill and paid at the point of completion. A conveyancer/solicitor will explain all…

201907.24

Guarantees, Warranties and Indemnities – Spot the Difference

Guarantees, warranties and indemnities are often seen together (usually in a lease or loan agreement), but all carry very different obligations:- A guarantee is a contractual promise to ensure that a third party fulfils its obligations (pure guarantee) and/or to pay an amount owed by a third party if it fails to do so itself…

201907.15

First-Time Buyer’s Relief

Following on from the Stamp Duty Land Tax (SDLT) overview: Schedule 6ZA of the Finance Act 2018 provides that from 22 November 2017 first time buyers can claim relief from SDLT when purchasing properties that do not exceed £500,000. No SDLT is payable on the first £300,000 of the purchase price (therefore properties costing up…

201907.10

Ground Rent Consultation

What is Ground-rent? When a Property is sold as leasehold, the buyer is only a tenant with a very long term rental. The ground/land the home is built remains in the hands of the freeholder. The home buyer therefore has to pay an annual “ground rent” to the freeholder and has to ask the freeholder…