Category: Purchase
Can I buy my parents’ home below market value?
It is open to children aged 18 or over to buy their parents’ home for less than it is worth, however this can have serious financial implications. Selling a home to children is often desirable, helping the next generation onto the property ladder, passing on the home without incurring estate agency fees and keeping a...
Yes! We’re still open. It’s business as usual.
Given last night’s announcement that the country is lie in a national lockdown, we wanted to let you know that moving home is still allowed as it has been since mid-May. Below is a link to the Government website with more information. https://www.gov.uk/guidance/tier-4-stay-at-home#moving-home At LPL we will continue our usual Covid procedures: including working from...
The government’s Green Homes Grant
The government’s Green Homes Grant scheme, announced in July 2020, is live. The grant can cover two-thirds of the cost of specified energy-efficient improvements on homes in England up to a maximum of £5,000, or £10,000 for those on certain benefits. What green measures can be funded? Home improvement measures are split into ‘primary’ and...
Common house survey problems
If you’ve found your dream home, the last thing you want is a survey that reveals problems. However, this doesn’t mean that your purchase can’t go ahead. Usually, a solution can be found. When a property is offered for sale its condition isn’t always obvious. It isn’t until the surveyor has had a good look...
Buying A Property Without Planning Permission or Building Regulations
You’ve found the house of your dreams, that ticks all the boxes, that is until your solicitor finds out that there are no documents to show planning permission was obtained or that it has met building regulations. It is unlikely that a house will have been built in its entirety without planning permission; the most...
Understanding the important terms when moving home
Whether you’re buying or selling a house, you will come across a lot of terminology. Conveyancers are dealing with property transactions on a regular basis, but most people don’t move too often so it can be a bit overwhelming. Here is a list of some of the more common documents you are likely to encounter:...
Providing home buyers with the right information
If you’re selling a property, at some point you are going to have to complete a Seller Property Information Form (SPIF). It’s a fairly lengthy document that provides the buyer with lots of detail about the property you are selling. It’s an important document and is exchanged with the buyer and forms part of the...
A booming property Market, but what’s round the corner?
The Stamp Duty holiday has revived the property market following its reopening after lockdown. The significant pent-up demand and an urgency to benefit from the temporary savings on offer is driving activity in the market. Nationwide’s monthly House Price Index shows Annual price growth picked up to 5.0% in September, the highest rate since Sep...
Why You Should Use A Solicitor To Buy A Property
Although thousands of house sales and purchase happen every week, not many sellers or purchasers will know the intricacies of what their solicitor actually does during the conveyancing process. The main reason a solicitor is needed when you are purchasing a property is to ensure that all the legal requirements are met, however they are...
