The Question of Ownership? Joint Tenants vs Tenants in Common
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The Question of Ownership is one that will arise within the early stages of owning a property, whether it is with a spouse, family member or friend. In the UK there are two ways to hold property – as Joint Tenants or Tenants in Common. Both share fundamental differences which could impact the potential sale […]
Buying your first home
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nat_B0m
Your first home is an exciting purchase but also one with lots of considerations and documents. This checklist should help you get organised: Budget: Firstly, it’s important to determine how much you can afford to spend. Gather: Collect salary information, bank statements and other evidence of saving and/or investments. If you are being given money by family […]
Residential Property FAQs – First-Time Buyer
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How long does the process of buying a house usually take? In most cases, the average conveyancing for the purchase of a home will take anywhere between 8 and 12 weeks. It can take less time than this or a little longer, depending on the complexity of the property and those involved in any chain. […]
The Renters (Reform) Bill Controversy: Should Landlords be Concerned?
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What the Government has called a “once-in-a-generation” transformation of housing laws, The Renters (Reform) Bill is intended to usher in a more equitable letting system for both tenants and landlords. Since its introduction to Parliament in May 2023, the legislative overhaul has attracted significant media and industry attention, causing considerable concern among landlords. According to […]
Auctions, cheap as chips?
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These days, selling and purchasing a property can feel like a challenging process and in some cases, vendors and purchasers look at other ways in which they can achieves their desired transactions. A method which has never been more popular than now is via auction. Auctions are a popular method in which to purchase a […]
Residential Property FAQs
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I am thinking of buying a retirement property. Are there any differences between these and other freehold or leasehold properties? Retirement properties often have the benefit of a manager on hand for any emergencies. There is also a social element for those persons who would like more social interaction, usually with various events and activities […]
Residential Property FAQs
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nat_B0m
Are you looking to buy or sell your first property? Do you have some questions about the conveyancing procedure? Our legal experts answer your most frequently asked questions… Do I need to sort out any paperwork when selling my property? As the seller’s solicitor, we will apply for a copy of the title for […]
Final Call for Help to Buy ISAs
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Unless the Government choose to extend the deadline, the Help to Buy ISA is due to be scrapped on the 30th November 2019, meaning time is running out for first-time buyers wishing to take advantage of a product that offers tax-efficient savings as well as generous top-ups from the Government. If you have between £1 […]
Escalating Ground Rent
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nat_B0m
If you own a long lease on a property in England and Wales you will normally have to pay rent to the freeholder or landlord of the property, known as ground rent. This will be fixed or it may escalate during the course of the lease. Once the remaining term of a lease reduces to […]
Stamp Duty Land Tax for First Time Buyers and other property taxes
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nat_B0m
It had been rumoured that Chancellor Phillip Hammond would re-introduce a Stamp Duty Land Tax exemption for first time buyers (something which has existed in the past)