Tag: find a conveyancer
Mortgage approvals are up and low deposit mortgages are back
Mortgage approvals hit a 13-year high in the last months of 2020, while the return of low deposit mortgages means that first-time buyers will have a better chance of stepping onto the property ladder. Despite economic turmoil, the house market has been buoyant as buyers look to take advantage of the Stamp Duty holiday, set...
What the Stamp Duty Land Tax Holiday extension means
What is the stamp duty holiday? Last year, the government temporarily increased the amount at which stamp duty is paid to £500,000, for property sales in England and Northern Ireland. The move was aimed at helping buyers who might have taken a financial hit because of Covid. It could save them as much as £15,000,...
What are people looking for in a home post Covid 19?
Following a year of lockdowns and working from home, people are looking at their properties in a different light. Living close to their place of work is less of a priority, with other desirable qualities shooting to the top of the list. The Office for National Statistics has found that before 2020 around 70 per...
What are my options if I can’t move before the Stamp Duty deadline?
With the chancellor’s Stamp Duty holiday due to end on 31 March 2021, time is running out for those hoping to buy a property without a hefty tax payment. Once the break period ends, Stamp Duty will be payable once again on properties priced at over £125,000. The Stamp Duty holiday Implemented in the summer...
Changing attitudes to property post Covid 19
New research has found that over one-third of people expect to be working from home regularly in the future. Homebuilder Barratt Homes and GoodMore Global Ltd have conducted a study into changing attitudes to working from home and people’s wishes when it comes to moving home. Researchers questioned 750 participants from London and South East...
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...
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...
What Is A Property Chain And What Happens If It Collapses?
When you are buying and selling property at the same time, with people both above and below you, you are in the middle of a property chain. All the people in the chain will be dependent on each other. Most transactions will involve a property chain, as many people are reliant on their property being...
Right To Buy Eligibility
Council and housing association property tenants, if eligible, can help secure their home for their family, as well as purchase a property at below the market value. Local Authority Tenants and some non-charitable Housing Association Tenants have, by law, they right to buy their property provided they meet the certain conditions of the Right To...
