Residential Development Publications

Michelmores hosts Future Homes Forum

Michelmores LLP was selected to host a forum of house builders, developers, planners, architects and bankers are to discuss the future design and delivery of new homes.

Michelmores acts on £200m Paddington Residential Development

Michelmores is acting on the sale of 159 luxury residential apartments currently under construction at 3 Merchant Square, Paddington in London.

Michelmores Briefing Note March 2012: Newbuy Scheme - Key Features

Looking at the FirstBuy Scheme

The government-backed FirstBuy scheme introduced in the 2011 Budget is intended to give a much needed boost to the new property market, helping and encouraging first time buyers get onto the property ladder. But what is it all about?

Consumer Code for Home Builders - FAQs

The Consumer Code for Home Builders (the Code) aims to give more protection to buyers when acquiring a new house or flat (or a newly converted house or flat) throughout the entire acquisition process including the marketing of the property and the after sales service.

Reform of SDLT rules for bulk purchases of residential property - some relief!

As part of the 2011 Budget, announced on 23 March 2011, the government has set out a new relief for purchasers of residential property who acquire interests in more than one dwelling.

Budget help for first time buyers

In the March 2011 Budget, the government announced plans to provide £250,000 through a shared equity loan programme called "FirstBuy" in order to boost construction and sale of new homes.

Competition rules to apply to Land Agreements

Final guidance has been issued in March 2011 by the Office of Fair Trading confirming that certain provisions of the Competition Act 1998 will apply to land agreements as well as to other types of agreement, with effect from 6 April 2011.

"Zero carbon" in a zero carbon home

The March 2011 Budget saw a further step taken toward the creation of a workable definition for zero-carbon homes. The Zero Carbon Hub has a lead responsibility for delivering homes to zero carbon standards by 2016 and it saw the government endorsing its final recommendations for the Carbon Compliance levels of new homes.

SDLT Rise for Residential Property Transactions

The rate of Stamp Duty Land Tax ("SDLT") payable on purchases of residential property where the price exceeds £1,000,000 will rise from 4% to 5% on 6 April 2011. The 5% rate will apply to the whole of the purchase price and not just the sum which is in excess of £1,000,000.