Agents breathe sigh of relief after latest budget (EAT)
Yesterday George Osborne delivered his eighth budget as chancellor, announcing an extra £3.5 billion in spending cuts by 2019-20.
Government to call for evidence on making the house buying process “more consumer friendly” (TC)
As part of George Osborne’s budget announcements, the UK Government has said it intends to ask for evidence on how to make the house buying process better value for money.
Industry reacts to George Osborne’s Eighth budget (TC)
Chancellor George Osborne’s 2016/17 announced downwardly revised growth figures for the UK economy as well as announcing he had missed his targets for deficit reduction as a proportion of GDP.
Budget 2016: What it’s in it for conveyancers? (TC)
Chancellor George Osborne delivered his eighth budget with several measures cutting taxes for businesses, tweeks to the previous residential stamp duty reforms and wholesale reforms for commercial stamp duty.
Land Registry sale may not compute (LSG)
Technology could make the title register less attractive to private buyers.
Budget 2016: higher stamp duty rates confirmed (LSG)
‘Significant investors’ will not be exempt from higher stamp duty land tax rates for additional properties, HM Treasury has confirmed.
Money laundering: Almost no reports of ‘suspicious activity’ coming from estate agents (PIE)
The National Crime Agency has now published its annual review of Suspicious Activity Reports – in simple terms, where someone suspects possible money laundering and has reported it.
Former Poundland owner lining up to buy Land Registry (TC)
A private equity firm which currently owns DFS Furniture is reportedly planning a £1 billion takeover of the Land Registry.
Law Society’s Investigatory Powers Bill concerns raised by Andy Burnham MP
Shadow home secretary Andy Burnham MP raised the Law Society’s concerns over legal professional privilege, during the second reading of the Investigatory Powers Bill in parliament on Tuesday.
Third-party complaints back on LeO’s agenda (LSG)
Third-party complaints and a revised case fee structure are on the Legal Ombudsman’s agenda for the coming year.
Agent hit with largest-ever money laundering fine wins appeal (PIE)
The agent hit with the largest ever anti-money laundering fine has won its appeal after a gruelling two-year battle against HMRC.
CHAPS extension will increase moving costs, warns removals firm (EAT)
A removals firm is warning that changes to the CHAPS system could see home movers paying more to relocate.