LPL news – Stay informed with the latest property market updates, conveyancing insights and legal developments. Our expert team at LPL keeps you up to date with breaking news, industry trends and essential guidance on buying, selling and remortgaging your home. Trust LPL for reliable expert-driven property law news as it happens.
A government ban on letting fees has taken effect, with agencies no longer permitted to charge for setting up a tenancy, giving viewings, checking credit, drafting inventories, obtaining references and carrying out other administrative tasks. Citizens Advice estimated that private renters have been paying £13m per month in agency fees, while landlord and tenant website...
As a report reveals the extent of consumer misery from escalating ground rent costs, the Competition and Markets Authority (CMA) has announced a formal investigation into the leasehold market. A recent report from estate agency organisation Propertymark has found widespread difficulty among leasehold property owners. In a survey of over 1,000 leaseholders, 36 percent said...
With steep house prices and numerous associated buying costs, is there any merit in renting a property instead? Landlord and tenant website Bunk has assessed the expense of buying and renting a home over a 10-year period in the UK to compare the costs across different towns and cities. Rental costs Average monthly rent in...
It is easy to get lost wandering round numerous property websites without accomplishing anything. We look at the most efficient way to approach an online property search. Websites offering properties for sale can seem overwhelming, with literally thousands of homes vying for your attention. But used strategically, property portals can help narrow your search and...
As the housing market has slowed in the current political and economic situation, more home owners are choosing to carry out improvements rather than move house. Insurer Hiscox says that those choosing to work on their current home rather than move has increased by 12 percent over the last five years and stands at around...
Research by home buying company Quick Move Now has found that almost half of all house sales fell through in the last quarter of 2018. A total of 49.8 percent of sales didn’t complete, with the overall annual rate standing at 30.6 percent. Most common reasons for a sale falling through Buyer changed their mind...
18-34 year olds typically choose to live in areas that are thriving. New research from property buyer Good Move using Office of National Statistics data has revealed which towns and cities are topping the current trend. Coming in at number 1 is Coventry, where 32 percent of the city’s residents are millenials aged 18-34. The...
Property in the UK is either freehold or leasehold. If you buy a flat or a maisonette, you should buy a leasehold title. This means you will own the right to live at the property for the term of the lease, which could be anything up to 999 years. Often new flats are given a...
Research from NAEA Propertymark has found that that UK homeowners have spent a total of £48 billion on home improvements over the last five years. With ever-increasing house prices and high moving costs, many British property owners are choosing to spend their money on their existing property, rather than sell up and move on. Estate...
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