PACE £1,750

PACE Charitable Trust is a voluntary organisation which promotes the inclusion and participation of young disabled people in sports, leisure and social activities. Since its establishment in 2004, PACE has gone from strength to strength in the delivery of competitive sport programmes, with the aim of enabling their members to improve their confidence, communication and physical and social skills, empowering them …

INTRODUCING 3 YEAR TENANCIES

The Government are currently looking at increasing the minimum term for tenancy agreements to be three years. Research suggests that 81% of tenants have agreements for 6 or 12 months whilst the average tenant remains at a property for 4 years. The justification is clear. It can be very difficult for tenants to uproot their lives if their Landlord evicts …

HEATHROW EXPANSION LEGAL CHALLENGE REJECTED

The High Court on 1st May 2019 rejected legal challenges against Heathrow Airport’s decades-long campaign to expand the aviation centre. The challenge was brought by local councils, residents, environmental charities and London Mayor Sadiq Khan after the House of Commons voted in favour of building the runway, approving transport secretary Chris Grayling’s National Policy Statement by 415 votes to 119 …

Developers commit to combat Toxic leases

About time, many may say! Many leases of newbuild properties have rather onerous ground rents, described as toxic. Ground rents are typically annual payments paid by a leaseholder to a freeholder to reflect that the latter owns the ground on which the property sits. For too long, they have been seen as an income stream for freeholders. A way to …

Leasehold reform

The Housing, Communities and Local Government (HCLG) committee recently released its report into leasehold housing, in their report the select committee set a range of recommendations to the government to implement: • Ensure that commonhold becomes the primary model of ownership of flats in England and Wales• Require ground rents on new leases to be set at a peppercorn level …

Removal of the borrowing cap

As long as anyone at our company can remember, successive governments have talked up the need to build more housing. Also, as long as we can remember, the country has failed to do so. This has been the case for a number of reasons including supply and demand cycles and a complicated and protracted planning system. Tinkering at the edges …