On 14 December 2022 Homes England provided updated guidance on its enforcement of the upcoming 31 December 2022 “First Completion Date” for practical completion of Help to Buy funded units.

Devonshires are delighted to have acted for Engage Financial Services on the acquisition of another IFA, Kench & Co.

Within the built environment, 2022 will be looked back upon as the year when building safety truly came to the fore: five years after London’s Grenfell tragedy, the Government ushered in its landmark Building Safety Act 2022 and new fire safety regulations come into force next month.

In October last year, our client, Mr Owen Paterson was found by the House of Commons Committee on Standards to have, in the Committee’s words, “used his privileged position as a Member of Parliament to secure benefits for two companies for whom he was a paid consultant…” The Committee described Mr Paterson’s alleged actions as “an egregious case of paid advocacy.”

Earlier this month, the Government updated Chapter 7 of its Capital Funding Guide which sets out the rules and requirements for grant funded schemes (as well as occasional nil grant schemes) which grant recipients must follow.

Jeremy Hunt has announced that social and affordable rent increases will be capped at 7% as of April 2023 for a period of 12 months to combat the cost of living crisis and in response to “unprecedent global headwinds” the country is facing.

Social rents in Wales will rise by a maximum of 6.5% from April 2023 under a new settlement announced by the minister for climate change, Julie James.

In September a consultation was issued on a proposal to extend the landlord’s no-fault notice period required for converted periodic standard contracts under the Renting Homes (Wales) Act 2016 (RHWA 2016) from two months to six months.

The Devonshires’ Banking and Capital Markets team are delighted to have advised Saxon Weald on its £70m sustainability-linked private placement.