Yearly Archives: 2024

The Homeowners Alliance has been closely following the upcoming Leasehold reform 2024, a significant overhaul of leasehold laws aimed at empowering homeowners and curbing unfair practices. The reforms mark a change in the property market, focusing on eliminating outdated practices that often leave leaseholders at a disadvantage. The key changes in the Leasehold reform are:…

New hedgerow regulations were introduced as part of the government’s commitment to environmental sustainability, which will become law in 2024. These regulations will establish a standardised approach to hedgerow management across England, affecting farmers and land managers who work with agricultural land. The key aspects of the regulations include a mandatory two-meter buffer strip from…

The Labour government has recently proposed changes to property law, aiming to address long-standing issues in housing affordability, tenant rights, and market stability. Strengthening Tenant Protections One new property law is enhanced protection for tenants. Labour proposes introducing measures to limit rent increases, making them more predictable and manageable. Annual rent increases are now capped…

The only certainty is uncertainty. With Labour leading in the polls and a general election around the corner on 4th July 2024, landowners are unclear what changes in inheritance tax policy a change in government could bring. The Shadow Chancellor pledged several years ago that Labour would consider every tax relief when in power; more…

Agricultural Property Relief (APR) is a relief from inheritance tax. As long as the provisions for the relief are met, APR reduces the tax liability of gifts of agricultural property by reducing its agricultural value. Regardless of whether the gift is made inter vivos or on death, the rate of relief is usually 100% of…

A new direct service courtesy of HM Land Registry is hoping to save both clients and conveyancers hours by directly updating lenders about applications. The service allows lenders to monitor the progress of their mortgage registration. Currently, HM Land Registry answers 20,000 calls a month from lenders checking on applications, so this new development should…