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Budget 2017; Stamp Duty Changes For First Time Buyers

The government announced yesterday that it is abolishing stamp duty land tax for first time buyers purchasing homes up to a value of £300,000.  If a property is purchased up to £500,000 there will only be stamp duty payable at 5% on the amount between £300,000 to £500,000.  This change in stamp duty provisions is hoped to assist first time buyers to get on the property ladder.

It is worth noting that a first-time buyer is defined as someone who has never owned a freehold or leasehold interest in a residential property before and who is purchasing their only or main residence. If someone has owned a residential property anywhere in the world previously then they won’t be counted as a first-time buyer. All purchasers in a joint purchase must be first-time buyers to avoid having to pay stamp duty.

Our conveyancing team will guide you through the home buying process, including advising on any liability to pay stamp duty.

 

Adams Harrison Conveyancing Quality Scheme, CQS, Membership

Adams Harrison have once again successfully secured membership of the Law Society’s Conveyancing Quality Scheme – the mark of excellence for the home buying process.

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This is the sixth year in a row that Adams Harrison has achieved the CQS accreditation.  AH underwent rigorous assessment by the Law Society in order to continue to hold CQS status, which marks the firm out as continuing to meet high standards in the residential conveyancing process.

Law Society President Andrew Caplen said that the CQS accreditation is the hallmark of high standards and establishes a level of credibility for regulators, lenders, insurers and consumers.

Welcome to Richard Booth

Richard Booth Adams Harrison Profile PictureWelcome to Richard Booth who has joined the Conveyancing Team.

Richard qualified as a solicitor in 2000 and has practiced in the local area.

He specialises in residential and commercial property law and is based at our Saffron Walden office.

New Partner At Adams Harrison

Tracy Spilsbury Partner At Adams Harrison

Tracy Spilsbury Partner At Adams Harrison

Adams Harrison with offices in Saffron Walden, Haverhill and Sawston, are pleased to announce that Tracy Spilsbury, Solicitor, has joined the partnership.

Tracy qualified as a solicitor in 1988 and has worked in Haverhill, Cambridge and Ely specialising in Residential Conveyancing since that time.  Tracy joined the practice in 2014, based at the Haverhill office, to complement the busy Residential Department there.  Tracy heads the Residential Conveyancing department for the firm, with her extensive experience she brings a friendly yet professional approach to the role.  She is also the firm’s Money Laundering Reporting Officer.

Adams Harrison can be contacted at any of their three offices for assistance in your house sale or purchase.