We study the property market to bring you interesting and relevant news from the world of property buying, selling and more in the UK and abroad.
What it means to buy a property that is leashold , the effect it has on getting a mortgage , how leases work etc
Few things strike as much fear into buyers and sellers alike as subsidence. Here is a guide to some of the obstacles you may be up against.
What different Estate agent agreements can mean , sole agency , multi agency and sole seller agreements
If you are buying a property and it is not a new build and covered by a builders guarantee, is the homebuyers report the sensible choice to uncover issues which may cost a sizeable amount of money in the future.
Mortgages raised for the purpose of buying a property are registered by the lender as a first charge 99.8% of the time. This means that paying off the mortgage will be first priority if the property is ever repossessed.
But what is a second charge?
This year’s stamp duty holiday for purchases up to £500k was introduced by the Chancellor to help invigorate the housing market after the first UK lockdown. The issue currently is that it is time limited until March 2021.
“Where has your deposit come from?" Every lender and solicitor will ask this question, and mortgage advisors are tasked with the duty of establishing that your deposit has come from a legitimate source.
When buying a property, any major alterations or additions that have been carried out by current or previous owners may well have required planning permission (and building regulations approval too).
Here are some of the points to look for.
What does HM Land Registry do. What is it's function, and what are the benefits?
How you can help to keep the conveyancing process moving along, and the importance of an efficient conveyancer working with you.
Building regulations are a national standard for most types of buildings in England and Wales; they cover building projects in the home or commercial developments. They are set out to make sure that when something is built, it will be up to a standard that will be a safe environment for people to live and interact with.
What is happening with the Help to Buy scheme with Covid-19
The impact on availability of mortgages in the pandemic. Implications and difficulties, and how you are affected if furloughed.
This is when an owner of a property adds one or more other parties to the ownership of the legal title of their property, or if they want to remove one or people from the title.
It’s a strange time with so much uncertainty, not just in the property market but in life generally. With constantly changing rules that govern large parts of our lives, deciding if it is the right time to buy a property is daunting.
This blog looks at how lenders look at income and rental to ascertain if a buy to let mortgage will fit their current criteria, and some general income tips that apply to most lenders in the market place.
What are county court judgements and defaults, and how do they affect your mortgage application?
In most cases, if there is a problem with your property a survey should find it. The list below highlights five main ones.
This website is owned by and forms a part of the business conducted by Value Conveyancer Ltd, company registration number 09221971. We are partnered with LPL (a trading name of Read Roper & Read Solicitors) who have been awarded the Law Society's Conveyancing Quality Scheme accreditation. More information can be found here.