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Residential Property Conveyancing Category

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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08th June 2018
There is usually a price to pay for extending the term of a lease – so what makes a lease extension an attractive proposition for owners of leasehold residential property? Well, for starters, as the length of the remaining term decreases so does the value of the lease. Furthermore, if you are planning to sell or take out a mortgage on the property, you or…
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05th April 2018
If you are thinking of buying or renting commercial property your solicitor is likely to recommend you undertake a series of searches through official records before you commit to a purchase or a tenancy. These searches are important as they will throw light on a range of matters including environmental issues and aspects of the property’s planning history that a review of legal title may…
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22nd March 2018
Many house buyers express confusion about the intricacies of UK Stamp Duty Land Tax, especially if they are considering investing in a second property – and it is true the rules can throw up some quirky stamp duty scenarios. In essence, if you buy a new home to live in as your only or main residence before selling your existing main residence you have a…
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08th January 2018
Many experts agree that if you are the owner of leasehold property it can be a good idea to extend your lease – but why? There are several reasons why looking to extend the lease on your property makes sense. For example, as the length of the remaining term decreases so does the value of your lease and, by implication, your property. Furthermore, if you…
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21st December 2017
The requirement to provide an Energy Performance Certificate (EPC) when you sell or let a property is not new but on 1 April 2018 the new Minimum Energy Efficiency Standards (MEES) come into force. The MEES regulations stipulate that, from April onwards, landlords must not grant a new tenancy on any property with a low EPC rating (less than E), nor extend or renew an…
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