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The Freeholder of my property is refusing to extend my Lease – What can I do?
A Leaseholder of a residential property is entitled to extend your Lease providing certain criteria are met including the following: They have owned the property for no less than 2 years; The original Lease was granted for a period of no less than 21 years. As a Leaseholder this right is important because the more […]
What are New Homes Warranties?
A New Homes Warranty is designed to protect homeowners of newly built, converted or refurbished properties from structural defect in the first 10 years. If the property has been built or converted within the past ten years, or is to be occupied for the first time, you must ensure that it was built or converted […]
Coronavirus implications for the conveyancing market
On the 23 March at 8.30pm the nation watched as Boris Johnson announced a full scale lock down, setting out essential travel and social distancing. How we function as a society has changed and the impact this has had on businesses, schools, health and welfare is far reaching. The Bank of England have announced they […]
If house moving wasn’t stressful enough, the Coronavirus has seemingly sent the world into chaos
With all this uncertainty, the biggest question facing our industry is ‘How will this affect my house move’. We want to assure all of our clients that from our side it is ‘business as usual’ and we are still continuing to act in your best interest and get you moved as smoothly as possible. There […]
Ten tips for a first time buyer
Know the difference between Searches, a Mortgage Valuation and a Homebuyers survey – Early on in the conveyancing process, your conveyancer will ask you to make an initial payment on account to cover the cost of searches against the property you intend to purchase. These will cover environmental matters, water and drainage and a search […]
No more new Leaseholds
The government has recently announced that it will introduce a ban on the sale of new houses as leasehold, with new build houses to be sold on a freehold basis except in the most extraordinary circumstances. Ground rents will also be reduced to zero for any new leases entered into. Communities Secretary James Brokenshire stated […]
Encouragement for stamp duty exemption for downsizing
A recent survey conducted by Saga has revealed that a stamp duty exemption for those wishing to downsize would encourage those taking part in the survey to move home. The survey revealed that 73% of those taking part over the age of 50 would support a move of one free stamp duty move if they […]
The deadline for opening a Help to Buy ISA is looming
Calling all future first time buyers and their parents– the deadline for opening an Help to Buy ISA is 30th November 2019. If you do not open your ISA before this date then you will not be able to take advantage of the government bonus of 25%! Help to Buy ISA’s are designed to help […]
Could it be farewell to unfair letting fees?
The Tenant Fees Act 2019 – Limiting payments charged by residential landlords and letting agents From 1 June 2019, restrictions will come into force limiting the fees that tenants can be charged by residential landlords and letting agents. These limitations will apply following the introduction of the Tenant Fees Act 2019 (“the Act”) which will […]
Brexit-IN or OUT?
On June 2016 the world watched as the UK voted to leave the European Union (EU)., with a promise of a stronger more independent country, what has followed is 2 years of uncertainty and confusion about which way the country is headed. Likened to the worst divorce since Paul McCartney and Heather Mills, the country […]
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