Independent Chartered Surveyors:
Herminio Nascimento, the 42 year old former tenant of a two bed property on the Westbourne Park Estate in Westminster was sentenced to 16 weeks in prison and £7,100 legal costs in March this year. The case marks a landmark in the Fraud Act 2006
The Government is planning to release enough previously-used public land and buildings to provide sites for over 100,000 new homes by 2015.
Over two thirds of the housing is earmarked for surplus land and property from three sources: the Ministry of Defence, the Department of Health and the Homes and Communities Agency (HCA).
Local authorities in England and Wales are now able to impose a levy on most types of new development in their areas through the Community Infrastructure Levy Regulations 2010. (CIL)
The levy can only be imposed on new buildings and extensions over 100 square metres of gross internal floor space.
Since1st October 2008 it has become law that you must obtain a Commercial Energy Performance Certificate, "EPC" if you sell or lease any commercial property.
Legal action against the Department for Energy and Climate Change (DECC) began back in November, when a group of solar companies acted together to enforce an injunction stopping the DECC from using 12 December as the cut-off date for existing FITs on the basis that it was “illegal, irrational and unreasonable”.
There have been important changes to the legislation concerning the provision of Energy Performance Certificates.
Below are the key points in the new legislation:
An EPC must be commissioned before marketing a property..
Unless you already have an EPC available you must commission an EPC from an EPC provider before you first put the property on the market.
Over the last few years energy prices had been rising inexorably. Every new international crisis and increasing demand from countries like China pushes fuel prices even higher.
Bank Lending Rate
It has been confirmed that the Bank of England Monetary Committee have decided that the Bank Base Rate is to remain at 0.5% for a further month. It has been at this very low level for a record period of over three years.
Source: Bank of England
