Following a consultation by the Department for Communities and Local Government (DCLG) and the Homes and Communities Agency (HCA) on the streamlining of shared ownership resales, the following policy changes will apply from April 2015:-

Change When in force?
A new HCA model lease will be issued removing the pre-emption right following 100% staircasing April 2015
The HCA will amend its guidance recommending that providers remove the pre-emption right following 100% staircasing for existing shared ownership leases April 2015

Future developments:

In the summer of 2015, the government will carry out a review of shared ownership focusing upon potential longer term options for change.

For more information

Please contact Matthew Roach

Is £400m enough?
Is £400m enough?

The government announced on 16 May that it will provide a fund of £400m to cover the costs of removal and replacement of cladding to high rise residential blocks which have failed tests.

The problems with co-owned properties and attorneys
The problems with co-owned properties and attorneys

Whilst some people are under the impression that preparing a Lasting Power of Attorney (LPA) is simply a case of completing a form and ticking a few boxes, it is about far more than this.

What's mine is (not) yours!
What's mine is (not) yours!

A big fear for some people facing divorce and the inevitable carving up of the matrimonial assets. They seek assurances that such assets will be “ring-fenced” and retained for them.

How to avoid the PET trap
How to avoid the PET trap

When an individual is thinking about making a gift to another individual, consideration needs to be given to the Potentially Exempt Transfer (PET) trap.

Fictitious divorces
Fictitious divorces

Arising from the recent Family Division announcement, people who think they are legally divorced may in fact still be married.