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HOME INFORMATION PACKS Responsibilty for producing a pack lies with the seller for private sales or agent acting on the sellers' behalf. As from 14th December 2007 all residential properties in England and Wales advertised for sale must have Home Information Packs. There are a few exceptions and those properties already being marketed at the due date have an extension period of seven months before they must comply. Home Information Packs become law on 1st June and anyone marketing a residential property for sale will be required to have a Home Information Pack. They must be prepared by the person marketing the property or their representative and be available to buyers from 14th December 2007. Home Information Packs for properties selling less than £250,000 would normally cost around £300/£350. This includes Standard Searches, Drainage & Water, Evidence of Title (where registered), EPC (in the region of £90.00) Lease copy, Sales Statement and may include other items such as Accounts, Service Charges elat and Environmental Report. |
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Save up to ?3,600 each year In the UK anybody can save up to ?3,600 each year and take advanatge of tax relief Saving £3,600 a year into a pension scheme allows you to take advantage of tax savings. However for those about to invest in equities a good self assessment of risk is necessary as whilst equities can be a good long term investment they can also prove worryingly volatile in the short term. For those who are risk averse fixed interest bonds and gilts are probably a better bet. If you wish to dispose of some of your savings you can gift up to £3000 to any one person each tax year without having to pay tax. |
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