The chancellor announced a temporary holiday on stamp duty on the first £500,000 of all property sales in England and Northern Ireland.
The level at which the tax is charged has been temporarily raised until next March to £500,000 to boost the property market and help buyers struggling because of the coronavirus crisis.
This announcement should benefit most purchasers of retirement housing – and their buyers and chains – and picks up concerns ARHM and wider sector representatives had
The Law Commission announced that it will be publishing all three residential leasehold and commonhold reports on 21st July and formally launching them at a meeting of the APPG on Leasehold and Commonhold Reform on the same day.
Further to our continued dialogue with the Minister of Care, we are pleased to have received a letter of support from the Minister which we have shared directly with our named contacts across our membership for them to pass on to all their teams who are providing invaluable support to thousands of older people living in retirement housing. We continue to have regular virtual meetings with the Minister and her team and will provide updates regularly on the website and
Together with RHG and HBF, we wrote a couple of weeks ago to Matt Hancock at the Department for Health and Social Care raising our concerns that retirement housing had been omitted from arrangements to support care providers and residents in extra care housing and care homes. You will be pleased to know that on Friday 24th a broad coalition of representatives from the sector, including ARCO and Housing LIN had a very useful meeting with Helen Whately the Minister
ARHM has teamed with RHG and HBF to write to Ministers seeking clarification on a number of important concerns raised by members about coronavirus and residents in Extra Care and Sheltered Housing schemes and offering the support of the sector at this difficult time.
- support for self isolating and vulnerable residents,
- access to protective clothing,
- testing for Covid19
- how to respond when residents contract Covid19
- clarification on key worker status for managers and support staff who are not
ARHM is involved in discussions about the possibility of a unified Code of Practice. This idea was also raised as part of the discussions that took place under Lord Best’s Regulation of Property Agents (RoPA) considerations. RICS, Property Ombudsman, ARMA, IRPM are also involved. There is no concrete information as yet as to the current Government’s appetite for the Leasehold Reform agenda and the feeling is that if regulation does come, as is the thought, then it would seem sensible
There is currently a consultation on ‘First Homes’, a potential new discount market sale product aimed at first time buyers but the consultation considers the potential for including people ‘currently stuck in unsuitable housing and cannot move because the next step is unaffordable’. It goes on to say that ‘we are keen to explore circumstances in which the prioritisation for first-time buyers should be waived, which could include age-specific housing for older people, and we welcome further