Herald - Issue 423

12th May 2022 • The HERALD • Page 55 v SUPPORT YOUR LOCAL SPECIALISTS v Tel: 023 8254 7600 TMT House, 12 The Marsh, Hythe, Southampton, SO45 6AL enquiry@tmtlegalservices.co.uk www.tmtlegalservices.co.uk Your Local Legal Specialists PROPERTY & CONVEYANCING SERVICES We specialise in Property Services from buying your new home to investment portfolios and newbuilds. Call the Team on 023 8254 7600 or visit our website for our online quotation tool where you can also instruct us If you come into any of these categories, then you will need to complete a self-assessment. Other services that we can provide M G ACCOUNTANCY SERVICES Telephone & Fax: 023 8089 1351 • Email: mgeere@btinternet.com Specialising in Bookkeeping and Accountancy Services in and around the New Forest and Waterside area, be assured of a local and friendly service. Are you self-employed? Are you a small business? Are you a landlord? Do you have investment income? NEW LIMITED COMPANY SET UP VAT RETURNS CREDIT CONTROL OUT OF HOURS CONSULTATIONS BUSINESS PLANS PAYROLL • CIS GENERAL BOOKKEEPING CORPORATION TAX Don’t let this be you at the end of the tax year ASK A PROFESSIONAL Legal News in Property – Grenfell Tower Investigation by TMT Legal Services A er an extensive review, thousands of developments were found to have dangerous cladding and other safety issues in inspections prompted by the Grenfell disaster. Many leaseholders found they were legally responsible for huge bills to x the problems, while others were unable to sell as banks refused to lend without expensive remedial work. As a result of the review developers have pledged to pay a combined £5bn to x buildings with dangerous cladding and other re safety issues, according to the housing secretary. Thirty-five of the UK’s biggest housebuilders have signed an agreement to pay a minimum of £2bn to x their buildings. Another £3bn is expected to be raised through an expansion to the Building Safety Levy that will be chargeable on all new residential buildings in England. Announcing the move, Michael Gove warned those who do not sign up to the voluntary pledge could be banned from new construction. A previous scheme was limited and only provided nancial help for people in buildings over 18m. The new agreement will see homebuilders x all buildings over 11m they have developed over the last 30 years - still apparently leaving people in lower-rise homes exposed. Major builders have signed the agreement, which the government says will become legally enforceable. It includes a pledge to “Act as quickly as possible to fix buildings” and for the rms to “Regularly report to leaseholders and government on their progress”. Developers who refuse to participate - or those that break the agreement - “Will face consequences” that could include being blocked from building any more homes, said a statement by the Department for Levelling Up, Housing and Communities. Buildings will also be xed if the company responsible can’t be traced, with the cash coming from £3bn expected to be clawed back over a decade via the Building Safety Levy. It will “Ensure no leaseholder in medium-rise buildings faces crippling bills” , the government’s statement said. Tracey Matthews at TMT adds: “ The change of approach gives leaseholders peace of mind for safety reasons as well as financial security in their biggest asset. We welcome the long overdue move by the Government to avoid any instances of the tragedy of the Grenfell Tower from happening again.” For all your legal property needs contact TMT on 023 8254 7600 or enquiry@ tmtlegalservices.co.uk Tracey Matthews, Partner, TMT Legal Services e NatWest Mobile Branch in Hythe has restarted on a Monday afternoon from 1.30pm to 2.15pm . Customers can also visit their nearest branch located at Romsey Road, Shirley open Monday to Friday 10am to 4.30pm. Mobile Banking