Case Study Flashcards
1
Q
Bank of England base rate October 2023
A
5.25%
2
Q
Was there a principal designer in case study
A
Yes as under CDM 2015 more than one contractor
3
Q
Which section of what act restricts service charges
A
Section 20 of Landlord and Tenant Act 1987
4
Q
What would stamp duty be for sales of 26 wilbraham
A
Both sales in the 5% £250k to £925k band
Would depend on the buyer - sale under 425k would be stamp duty free for first time buyer but unlikely in poor condition
5
Q
Wider Factors affecting sales and lettings market sentiment
A
Interest, inflation, mortgages - if high and unavailable then less demand for sales
Less demand for sales puts more demand on renting
Consumer confidence - confidence in economy will impact sales
Govt help - help to buy schemes, etc
