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Residential Property Conveyancing Category

20th September 2019
Prospective clients looking for a law firm may find the Legal Services Consumer Panel’s Tracker Survey of 2019 interesting reading. The report is based on findings from a YouGov survey of more than 3,500 users of legal services over the last two years and so is a significant sample. The findings, in this time of comparison websites, that ‘shopping around’ is often a bad thing for…
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03rd September 2019
When buying a property, the standard deposit expected on exchange of contracts is 10 per cent of the purchase price. Of course, the nature of a deposit is to show a buyer’s good intentions and allow a seller to rely on the same, as leverage, to ensure their buyer fulfils their obligations under the contract. The deposit therefore acts as adequate security to ensure a…
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26th June 2019
Unfortunately there can be no doubt that property fraud is on the rise so, if you are an owner, it is important to remain vigilant to protect yourself and your property from increasingly sophisticated fraudsters. One of their favourite tricks is to pose as legitimate property owners looking to sell or to raise a mortgage. According to the HM Land Registry, mortgage-free properties are most…
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12th April 2019
If, like me, you would have thought the 2002 Proceeds of Crime Act was all about recovering funds from the proceeds of fraud or drug deals, think again. As an example, a businessman has been ordered to pay almost £40,000 after illegally lopping back a mature oak tree in his back garden. Mr Wilson added a Juliet balcony to the master bedroom of his luxury…
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28th January 2019
If I had a pound for every client who asked whether or not they need bother with a building survey in respect of their property purchase, I would be contemplating retirement rather than writing this article. I always advise in favour of a survey – it will reveal defects that the legal paperwork or a physical inspection may not expose and, as such, is well…
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12th November 2018
Property buyers looking for a bargain can find themselves drawn to auctions in search of discounts against market value of 20 per cent – after all, who does not like to feel they are getting a bargain? But unfortunately, in many cases, it turns out that there are plenty of things not to like and the old cliché that speaks to getting what you pay…
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02nd November 2018
Writing in this column we have previously recommended everyone looking to acquire a property should undertake certain searches with the relevant authorities – because not all matters are apparent simply from a review of legal title. One of the most important searches is a water and drainage search, which can be undertaken with the water authority that serves the property’s local area. The results of…
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24th September 2018
Before buying a leasehold property it is important to understand there are fundamental differences between leasehold and freehold property ownership. Buying a leasehold property does give you the right to own the property – but only for the length of your lease. Many leases have long lives, up to 999 years in some cases, although where there is a leasehold interest there will also be…
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27th August 2018
If I had been given a pound every time a client came to me, unaware they had breached a covenant in their legal title, I would be looking forward to an early retirement. So what are covenants and how can they affect a property owner’s enjoyment of their home? Put simply, a covenant is defined as an agreement between two parties to do, or not…
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14th June 2018
If you are considering buying or renting a property, your legal advisor may recommend various property searches as part of a sensible information-gathering process before you commit to the deal. One search on their list is likely to be an environmental desktop search to provide details of land use in the vicinity of the property, as well as information to help establish whether those uses…
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