The Government announced in its Spring Budget on 6 March 2024 that Multiple Dwellings Relief (MDR) will be abolished from 1 June 2024, and that there will be a reduction in the higher rate of CGT on residential property gains.
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In recent years, post-lockdown, we have seen massive fluctuation in the housing market with prices increasing by significant amounts and the demand for houses rising. While the market since Covid has proven difficult for first-time buyers, some sources claim that there may be hope in the foreseeable future for those looking to buy in the form of a housing market crash.
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The Bank of England have recently raised their interest rates from 5% to 5.35%. This happened on 03/08/23 and was the 14th consecutive raise since December 2021. This means that the current Bank rate is now the highest it has been since 2008.
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We are delighted to announce that Rachael Latham, an invaluable member of our Residential Property team for the past 6 years and Associate Solicitor in the firm, is stepping into her new role as the Head of Department. With her dedication, expertise, and unwavering commitment to client satisfaction, Rachael is set to uphold the exceptional service and professionalism that Fiona Bruce Solicitors is known for.
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Fiona Bruce Solicitors are thrilled to introduce you to the newest member of our Residential Property team, Rebecca Vart.
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Fiona Bruce Solicitors are pleased to announce they have received re-accreditation for the Law Society Conveyancing Quality Scheme (CQS).
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Excited by the prospect of owning your first home, but daunted by the process? We’re here to help with a quick-fire guide to get you started.
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Changing direction? Selling an inherited house? Moving somewhere new? Whatever the reason for selling a property, Fiona Bruce LLP is on hand to guide you though the process.
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