Mobile (park homes): 10% commission on sales

This House of Commons Library briefing paper explains the requirement to pay 10% commission on the sale price of a mobile home to the site owner and provides information on various reviews of that requirement. Mobile home owners regard the commission charge as “unfair and out of date”, whilst site owners regard it as an important source of income.…

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Leasehold retirement homes: exit/event fees

This briefing paper explains action taken by the Office of Fair Trading and the Law Commission to investigate fees charged by managing agents or freeholders when a leasehold owner of a retirement flat wants to sell or rent out their home. These fees are often referred to as ‘exit’ or ‘event’ fees. …

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Improving the home buying and selling process in England

This Commons Library briefing paper provides an overview of the home buying and selling process in England, stakeholder concerns with the current process, and Government proposals to improve the process and make it “quicker, cheaper and less stressful”. The paper also provides a comparison with the conveyancing process in Scotland.…

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Introducing a voluntary Right to Buy for housing association tenants in England

The Government has committed to extend the Right to Buy to assured tenants of housing associations on a voluntary basis. No implementation date for full roll-out has been announced. A large regional pilot scheme in the Midlands was launched on 16 August 2018. The Government has said that the impact of the pilot scheme will be assessed before decisions are made on the next steps. This paper provides background on the policy and explains progress to date. …

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Starter Homes for First-Time Buyers (England)

This House of Commons Library briefing paper explains the Government’s starter homes initiative. The homes will be available at a minimum 20% discount on market value to first-time buyers under the age of 40. The paper outlines legislative provisions in the Housing and Planning Act 2016 to enact the initiative, together with planning policy reforms and a £1.2 billion Starter Homes Land Fund to support starter homes delivery. The starter homes initiative only applies in England.…

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Support for Mortgage Interest (SMI) scheme

This briefing paper explains the assistance available for certain households with their mortgage interest payments. Help with mortgage costs is available to claimants of certain means-tested benefits for people not in full-time work. The schemes are collectively known as Support for Mortgage Interest (SMI). Assistance is currently available as a benefit but is changing to a loan on 6 April 2018. …

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Disabled adaptations in leasehold flats and common parts

This Commons Library paper provides an outline of the legal position of long leaseholders in blocks of flats in England and Wales who require adaptations to enable access into and around their homes. The paper also covers issues with securing disabled adaptations in the common parts of residential buildings, such as stairways. …

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Extending home ownership: Government initiatives

This House of Commons Library Briefing Paper describes the specific Government initiatives which have been developed in order to assist first time buyers into home ownership and, in some cases, to help existing owners who are seeking to move. The paper includes some comment on these schemes.…

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