Category: General
Can you exchange contracts and complete on the same day?
If you are buying or selling a property, the agreement does not become legally binding until contracts are exchanged. We take a look at what this means and whether exchange and completion can happen simultaneously. When someone buys a property, there is a substantial amount of work to be done beforehand. All of this must...
First time buyer questions answered
If you are planning on buying your first home, you probably have many questions. The process can be confusing and it is important to fully understand what you are taking on when you make such a major investment. We answer some of the most commonly asked questions of first-time buyers. How do I know which...
Enforcing restrictive covenants
Most properties are subject to restrictive covenants. We take a look at the law surrounding them and whether they can be enforced. Restrictive covenants require landowners not to carry out certain acts in respect of their property. For example, not to construct anything forward of the building line, not to park a caravan on the...
What is collective enfranchisement?
If you own a flat with a long lease (granted for more than 21 years) you have the right to purchase the freehold of the building. This is referred to as collective enfranchisement. Where a landlord or management company owns the freehold of a property that contains flats, the flat owners will be required to...
Buying a building plot
If you want to build your own dream home, the first step is buying the right plot of land. There is a lot to consider before you agree to a purchase and it is vital that all of the preliminary work is done to ensure that your build goes as smoothly as possible. There are...
Kwarteng announces Stamp Duty cut effective from today
LPL, like other conveyancers around the UK, are preparing for another peak in services demand as the announcement that stamp duty land tax (SDLT) would be cut as part of Kwasi Kwarteng’s mini-budget 2022. This is a permanent cut which is effective from today, so it’s no surprise that Rightmove’s traffic soared within an hour...
Nearly half of UK house buyers lose possessions during their move
Research carried out by insurance company Admiral has found that nearly half of home movers lose items during their house move, some of them valuable or irreplaceable. The insurer teamed up with removals experts to look at the extent of the problem and list some tips to avoid it. The study found that 47% of...
Advising utility companies and other authorities that you are moving home
If you are moving home, you will have a long list of organisations to contact. We take a look at how to advise the local authority and utility companies of your new address and avoid the potential difficulties and penalties that could arise if this isn’t done properly. As soon as you exchange contracts and...
The value of all UK property – and who could afford to buy it
Residential property market analysts at TwentyCi have been having some fun looking at the total value of all of the property in the UK and asking how much of it some of the world’s richest individuals could afford. The UK currently has just under 31 million residential properties, with the average property price standing at...
