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The Guild Of Property Professionals' Blog

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New rules for possession proceedings

Friday, July 24, 2020

Since 27 March, all new and existing possession proceedings against residential tenants have been stayed. Initially the stay was brought in for a period of 90 days, however, the Government announcement in June that the stay would be extended...

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A breakdown of the changes to Land Transaction Tax in Wales

Wednesday, July 22, 2020

Recently, Finance Minister, Rebecca Evans, announced the new temporary changes to Land Transaction Tax (LTT) in Wales. As of 27 July 2020, any properties valued up to £250,000 will require no LTT to be paid. These changes will apply and run...

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Changes to Land and Buildings Transaction Tax explained

Wednesday, July 15, 2020

As of 15 July, the Scottish government is cutting the rate of its devolved Land and Buildings Transaction Tax (LBTT), with the threshold increasing from £145,000 to £250,000 until 31 March 2021.   There will be no LBTT...

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Best places in the UK to walk and cycle to work

Tuesday, July 14, 2020

The gradual lifting of lockdown has meant that a portion of the UK population are returning to their offices with many of us keen to avoid public transport as much as we can. For months, walking or cycling became a much needed practicality and...

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Energy Efficiency Solutions for Your Property

Thursday, July 9, 2020

Chancellor of the Exchequer, Rishi Sunak , announced the Green Homes Grant Scheme in his Summer Statement on 8 July, whereby the Government will be issuing UK homeowners up to £5,000 worth of vouchers to make their homes more energy...

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Stamp Duty Land Tax - The new temporary reduced rates explained

Wednesday, July 8, 2020

With immediate effect the new Stamp Duty Land Tax (SDLT) threshold of £500,000 will apply and will run until 31 March 2021. This means any buyer purchasing a primary residential property between 8 July 2020 and 31 March 2021, up to the...

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The legacy created by lockdown

Thursday, July 2, 2020

There is no doubt that the past few months have had a significant effect on the UK and people's lives. The pandemic and subsequent lockdown has initiated unprecedented challenges which have affected us all. Some changes have been positive,...

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Summer Market Report: The Bright Road Ahead

Monday, June 15, 2020

With the spring market showing signs of improved consumer sentiment following the election result, 2020 was expected to be the year the property market regained the traction lost due to Brexit uncertainty, with promising figures in the first...

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