EU Law Analysis: EU27 and UK citizens’ acquired rights in the Brexit withdrawal agreement: detailed analysis and annotation

Professor Steve Peers, University of Essex*    The issue of the acquired rights of EU27 and UK citizens has long been a focus of this blog. The latest development in this field is the proposed rules in the Brexit withdrawal agreement on this issue, as recently tabled by the Commission. This follows on from the partial agreement on this issue in the joint report agreed by the UK and EU27 in December, which I analysed here. (Note that the health law implications of this part of the agreement were already…

Avant announce new target of 4,000 homes

“If a housebuilder does not increase its output by a given percentage in one year, access to Help to Buy subsidies the following year should be reduced accordingly” Avant Homes has announced a new building strategy which will see it more than double its output to 4,000 homes per year. The mid-market northern UK housebuilder said that it was set to achieve its existing strategic growth target of 2,000 units per annum a year ahead of schedule, at the end of 2018. …

Low deposit mortgages hit pre-crash levels

“Borrowers looking for a 5% deposit should not celebrate too much about things starting to look up, for this is an often-neglected section of the market” New data from Moneyfacts has revealed that the number of 95% LTV mortgages has risen by 37 in the past month to hit 307 – a level not seen since before the financial crisis. According to the data, rates have also continued to fall from the 6.39% average seen for a two-year fixed rate in April 2008.The…

TPO assists record number of people in 2017

“We are clear that a single ombudsman is the right answer” One of three official redress schemes in the sector, The Property Ombudsman, handled a record 68% more enquiries in 2017 compared to the previous year, making use of new digital channels to tap into significant volumes of additional people needing help with property-related issues. In a keynote speech to the National Association of Estate Agents, the Ombudsman, Katrine Sporle, said that through a close partnership with Yomdel, the UK’s leading provider of…

Move or improve: Things to consider before making your choice

“There are many things to consider and it’s important to arm yourself with the relevant facts to ensure you make an informed choice” It’s an age-old question: Should I stay or should I go? And with new reports of house prices on the rise it’s certainly a question that requires careful consideration. According to Freedom Finance, spring is always the busiest time of year for both home improvement loans and mortgage applications, as us Brits turn our attention to our homes. Andy…

Industry reacts to Spring Statement

Chancellor of the Exchequer, Phillip Hammond, has delivered his Spring Statement this afternoon and amongst the Dad jokes he reaffirmed the government’s commitment to oversee the building of 300,000 homes annually. The Chancellor also announced 26,000 new affordable homes in the capital and highlighted that 60,000 first time buyers have already benefited from Stamp Duty relief which was announced during the November 2017 budget.  Additionally, the Housing Growth Partnership, which provides financial support for small housebuilders, will be more than doubled to £220…

Three simple steps to master the art of trading – UK Business Circle

Trading the financial instrument is very complex. You need to have a clear knowledge of the financial industry or else it will be really hard for you to make a consistent profit. If you look at the professional traders in the United Kingdom you will be surprised to see their depth of knowledge in the trading industry. Changing your life based on currency trading is extremely difficult. If you do the math you will be surprised to see that more than 90% of the traders are losing money. Do you…

5 things to look out for in UK Build to Rent during 2018

“With an increasingly diversified base of customers at its heart, rental accommodation providers in the UK will flex and mold to better meet the needs of a shifting society” The shape of the UK rental market has changed significantly in recent years. Now, 2018 looks set to mark another year of shifting market fundamentals with PM Theresa May stating only last week that “there’s nothing inherently wrong with renting your own home…you’re not less of a person for doing so.” Stephanie Smith, UK…

BTL landlords face mounting pressure as tax relief cut looms

“Coupled with the remortgaging crunch, it’s no wonder buy-to-let landlords are thinking about exiting the market in droves” A new survey from propertypriceadvice.co.uk has shown that recent government changes to buy-to-let tax relief are weighing heavy on the minds and wallets of UK landlords. Coupled with the potential rise in interest rates in May 2018, many landlords are being forced to reassess their priorities and consider selling property to minimise the effect on their income. This, combined with the expiry of the…

FTB levels up during Q4 says BoE

The latest data and analysis from the bank of England has shown that despite a dip in lending and a fall in lending at above 90% LTV, the share of first-time buyers had risen to 21.1% during the final quarter of last year, a 0.5% increase on the previous quarter. According to the report, in total £69.1bn of new residential loans were advanced to individuals during the quarter, a 2.5% decrease compared to the previous quarter but a 10.1% rise from the same quarter…