Guiding you through the process
The usual stages of buying or selling a property
Mining activity has been carried out across the British Isles for centuries reaching a peak in the nineteenth century. The majority of mining activity has long since ceased.
The Council of Mortgage Lenders and the Law Society advise that mining searches should be considered in areas where historical mining activity has taken place. Mining search reports are designed for land and property purchase, sale and development.
Mundic is simply an old Cornish word for mine waste. Prior to 1952 concrete wasn’t
made by the large national carriers and was often mixed locally to a site using the
local materials available. As Cornwall is a hard rock mining area they very often and
very sensibly used the mine waste as an aggregate, as being a hard rock mining area,
they had access to granite and blue alvin which made a very hard concrete indeed.
Energy Performance Certificates (EPC)
An EPC is required by law when a building is constructed, sold or put up for rent. If you are a landlord or homeowner and need to provide an EPC, you’ll need to contact an accredited domestic energy assessor. They will carry out the assessment and produce the certificate.
Autumn Statement: Buy-to-let homes face higher stamp duty – BBC news
Buy-to-let landlords and people buying second homes will soon have to pay more in stamp duty, the chancellor has announced.
From April 2016, those in England and Wales will have to pay a 3% surcharge on each stamp duty band.
George Osborne said the new surcharge would raise £1bn extra for the Treasury by 2021.
Landlords reacted angrily to the change, saying it would “choke off” investment in rented properties.
Other changes announced by the chancellor included an extended Help to Buy scheme in London, and more money for the Starter Homes programme.
‘Choke off investment’
The stamp duty surcharge will lift each band by 3%. That means that for properties worth between £125,000 and £250,000, where the stamp duty is 2%, buy-to-let landlords will pay 5%.
For the average buy-to-let purchase of £184,000, that means they will pay an extra £5,520 from April 2016.
Commercial property investors, with more than 15 properties, are expected to be exempt from the new charges.