Category: Purchase
Understanding Squatters’ Rights
A squatter may sometimes be able to claim ownership of property if certain conditions are met. Also referred to as adverse possession, squatting does not need to be occupation of a whole house, it could be of a small area of land, such as a parking area or part of a garden. If you are...
What to look out for when buying a coastal home
For many people, buying a coastal home and living by the sea would be a dream come true. But it pays to be aware of the implications of coast living and understand one or two potential drawbacks. We look at some of the points to take into consideration before taking the plunge. A seaside home...
How will flat owners benefit from the new Leasehold and Freehold Reform Act?
The Leasehold and Freehold Reform Act received Royal Assent before the ending of parliament for the general election. The main body of the legislation is likely to come into effect in 2025/26. The new law aims to make leasehold rules fairer, easier to deal with and more transparent for those with leasehold homes. The following...
Buying a repossessed property from a lender or receiver
As figures reveal a rise in repossessions in 2024, we look at the option of buying a repossessed property from a lender or a receiver. It is often the case that a repossessed property is cheaper than buying from owners. Lenders will be keen to realise their asset, pay off the mortgage and return the...
Understanding public rights of way over private land
If you have a public right of way over your land or you are considering buying a property with a public right of way crossing it, you need to be aware of the obligations that accompany it. You may also have questions about moving the path. We take a look at the legal situation. Public...
7 Remortgage FAQs
If you are reaching the end of a reduced-rate mortgage deal, remortgaging may give you the opportunity to find a better offer than your existing lender’s standard variable rate. We answer some of the questions we are most frequently asked about remortgaging. 1. Do I need a solicitor to remortgage? Unless you are staying with...
Understanding equity release
Equity release policies give homeowners aged 55 or older the option of freeing up capital from their properties without needing to sell up. Whether you want funds to travel, help your children onto the property ladder or make some home improvements, equity release may be an option you are considering. However, you must always take...
Should you sell your rental property while the tenants are in it?
It’s perfectly possible to sell a property while it’s being rented to tenants, but is it a good idea? We look at the pros and cons. For landlords who want to sell, whether or not to give the tenants notice can be a big decision. Selling property with tenants in situ If you choose to...
Can you exchange and complete on the same day?
If you are moving house, you may be wondering if it is possible to exchange contracts on the same day that you complete your sale or purchase. When you buy or sell a property, it is normal to exchange contracts a week or more in advance. This gives your solicitor time to carry out the...
