Mortgages | Mayo Wynne Baxter

A SOLUTION TO OUR HOUSING CRISIS?

House keys

That there is a serious housing shortage in the UK is not in debate. The government estimates that a million new homes need to built by 2020 and at the moment we are building around 140,000 a year.  There is also little argument about the damage this is causing on a wider social and economic… Read the rest of this post (No Comments)

Housing and the 2015 General Election

Grass house

The political parties have been laying the foundations for their 2015 post-election policies on housebuilding. Even the Green Party and UKIP have donned the hard hats and entered the fray. Here are a summary of their proposals: Labour wants to see 200,000 new homes built a year by 2020. It plans to give local authorities… Read the rest of this post (No Comments)

Gazundering – friend or foe?

broken deal

Many people are very aware of the term gazumping – where a seller accepts one offer and then, before contracts are exchanged, accepts a higher offer leaving the original buyer high and dry or being pushed into offering more money for the property.   But how many people know about gazundering? Gazundering is when a price… Read the rest of this post (No Comments)

Shall I? Shan’t I?

Happy first time buyers

The big question currently occupying many peoples minds is shall I buy or sell now or wait and see what happens. Clearly the market has changed over the past 12 months or so and it is now very much a seller’s market with often numerous potential buyer’s interested in desirable properties in many parts of… Read the rest of this post (No Comments)

Delays in Moving House

Key

There are always going to be criticisms of any system in place and conveyancing (the legal system in place for changing property ownership) is certainly not one which escapes such comments. Over the years conveyancing has come in for criticism some of which has been justified and some not. Some problems have been created by… Read the rest of this post (No Comments)

Japanese Knotweed – Problems for Homeowners

Grass house

I have always though that being a conveyancing solicitor often involves other disciplines: agony aunt, social worker, mind reader and psychiatrist spring immediately to mind. However, it seems that I now need to brush up on my horticultural knowledge as the problem of our not so welcome Japanese visitor continues to cause problems for clients… Read the rest of this post (No Comments)

Accelerated introduction of Help to Buy scheme

Sold Red House

Remember the good old days for British politicians, when the party with a majority in Parliament could stoke up the economy by lowering interest rates before an election, hoping to create a feel good factor which they hoped might tip the balance in their favour on voting day? The result was an economy that proceeded… Read the rest of this post (No Comments)

Help To Buy

George Osborne has called housebuilders and mortgage lenders to a meeting to discuss the details. The first phase of the scheme was launched four months ago and provides equity loans for buyers of new homes. From January next year, it will be extended to help buyers of existing homes.  It will allow people to buy… Read the rest of this post (No Comments)

Missed opportunity to sort out Stamp Duty

The Council of Mortgage Lenders has yet again made sensible comments on Stamp Duty Land Tax. Indeed it is rather disconcerting that they have done so given my recent blog which referred to the problems with SDLT.   To quote the CML site: “A timely report from the Institute of Public Policy Research (IPPR), published… Read the rest of this post (No Comments)

Hello Mr Osbourne, do you read me?

When George Osbourne announced measures to help homebuyers in yesterday’s budget, I was left with the bizarre feeling Boy George has been reading my blog. For the last two year I’ve been asking the Government to open out the New Buy scheme to all properties and help those who can afford mortgages but don’t have… Read the rest of this post (No Comments)