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Real Insights - Property Update

Issue 61

Court Allows Judicial Review 6 Years after Planning Permission

In R (Croyde Area Residents Association) v North Devon District Council [2021] the High Court quashed a planning permission for an extension to a holiday park six and a half years after it was granted. The usual time limit for a judicial review in planning matters is six weeks.

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Scope of lender's duties after transfer of distressed property portfolio

In what may prove to be an important judgment for financial institutions seeking to make recoveries over distressed securities after a borrower has defaulted, the Court of Appeal has highlighted the limited duties owed by a bank after expiry of a loan agreement. This is especially so where commercial negotiations were carried out at arm's length, with the benefit of legal advice on both sides, and the bank's actions are rationally connected to its commercial interests.

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HMRC introduces SDLT non-resident surcharge on residential properties

Since 1 April 2021, a new 2% surcharge has applied to non-UK residents buying 'dwellings' in England and Northern Ireland.

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Nick Kirby discusses digital disruption in property deals for the Financial Times

Partner Nick Kirby was interviewed by the Financial Times discussing the impact the COVID-19 pandemic has had on the adoption of 'proptech'. The article examines how the lockdown period has increased interest in digital transactions, as the past 12 months have highlighted the inefficiencies in traditional selling methods.

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Head of Debt Advisory Omega Poole discusses ESG and Green Financing with Real Asset Media

Head of Debt Advisory Omega Poole considers the role that ESG and Green Financing are going to play in the future of debt funding.

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Propertyshe podcast: Fiona Fletcher-Smith Group Chief Executive of L&Q

In her time at L&Q Fiona has spearheaded our 5.1billion development programme, led our expansion into the Midlands and North West, and delivered change programmes to improve both the efficiency and diversity of our Development and Sales function.

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Propertyshe Perspectives: Social purpose

In the latest Property Week blog, Susan Freeman highlights Mishcon de Reya's partnership with Property Week in The Climate Crisis Challenge for a second year. The challenge will involve bringing regular climate crisis-focused analysis and thought leadership.

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