What Rishi Sunak’s latest pledges mean for landlords in Chelmsford

Chancellor Rishi Sunak made two big announcements about the property market last week and triggered a flurry of activity. Both initiatives represent attractive propositions for savvy landlords. But, as always, it pays to do your homework first. Stamp Duty holiday The Chancellor’s headline-grabbing announcement was a Stamp Duty holiday. He raised the threshold to £500,000,…

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Working with Tradespeople

When you buy a property that needs work, you usually hope to be able to recoup the cost of renovation by adding significantly to the future selling price. That’s the theory anyway! But getting the builders in can be stressful, and we have all heard stories of extortionate costs, unforeseen extras, no-shows, and poor, even…

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Right to Purchase Freehold

Most lessees (nb not tenants) have the statutory right to purchase the freehold of their building, called Collective Enfranchisement, under the Commonhold and Leasehold Reform Act 2002. Such a purchase certainly has its appeal if your lease is beginning to look a little light – say 80 years or less. In this instance it may…

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Five Good News Stories from the World of Property

Eggs-citing design Architects have designed a floating chicken farm. Yes, really. The three-storey creation will nestle on a concrete pontoon in a Rotterdam waterway, in The Netherlands. It will house 7,000 hens, an egg processing plant, and a cress farm. So, what do the neighbours think? As the chicken farm will go next to an…

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