It is fair to say that 2020 has been a roller-coaster year for everyone in the UK. The ongoing COVID-19 pandemic has proved a real challenge for many people and impacted many industries. The private rental sector is definitely one that has been affected unduly and this has left many landlords facing an uncertain future. This has not been helped by new electrical safety standards which came into force in the private rental sector as of June 2020. Many private landlords feel this was not the best timing when they were already struggling with the consequences of COVID-19.

The UK government has announced a stamp duty holiday in England and Northern Ireland on all property purchases completed by March 31st 2021. This means that around 9 in 10 property transactions will no longer be subject to stamp duty, and the average stamp duty bill will fall by £4,500. While the stamp duty cuts will benefit those buyers looking to purchase a new main property the most, even buyers of second homes and buy to let properties will be able to take advantage of the cuts.

There are many motivating factors behind downsizing to a smaller property. Some older adults find that they simply have too much space once their kids have moved out, whilst others find that maintaining a large property is simply too time-consuming and expensive. Is It A Good Idea To Downsize Your Home? This is very much a decision for the individual. However, many people find that they have more money to spend on their family, hobbies, or an early retirement after downsizing. When Is The Right Time To Downsize Your Home? Downsizing tends to be a smart move for older adults who no longer have caring commitments for young people or are hoping to cut down their working hours. This is not always the case, however, and some younger people often find that downsizing helps them to follow a new career path.

Here at Bowsers, we’re proud to serve our local Fenland community and surrounding areas. For many years, we’ve provided the highest quality legal advice to local businesses and individuals but you may not know that we also provide shirt sponsorship to Wisbech Rugby Club and March Soccer School Academy!

The UK200Group was established in 1986 and is currently the UK’s leading association of independent accountants and law firms. Becoming a member of UK200 is a symbol of integrity and excellence, and a step that will support higher quality services, business development and a competitive edge for Bowsers Solicitors.

Christmas is coming, and as with every year it seems to creep up on us all faster and faster - but with the festive season approaching, it's important to remember the spirit of giving. That's why we at Bowsers Solicitors are proud to be taking part in Christmas Jumper Day on Friday, December 13th.