The typical move for a homeowner will involve legal costs for both the sale of their old house and the purchase of their new one. And if they use a traditional high street conveyancing solicitor then, on average, they’ll pay almost twice what it would cost them if they went online.
Homeowners paying £765 million too much in legal fees
May 31st, 2011 HIP-Consultant.co.uk Posted in Property Conveyancing, Property Market 1 Comment »
Costs to Factor in When You Buy a Home
May 27th, 2011 HIP-Consultant.co.uk Posted in Property Market, Top Tips 2 Comments »
There are many factors to consider when you wish to buy a home, some of which include survey fees, arrangement fees, stamp duty and lender valuations; and these are before you have picked up the keys. Once in, further costs can include reconnecting the electrics, gas and water.There are many costs to factor in.
Dealing With Rent and Service Charge Payments
May 25th, 2011 HIP-Consultant.co.uk Posted in Property Conveyancing, Property Market 3 Comments »
Where a property is leasehold there will usually be a ground rent payable and if it is a flat, a service charge. They will usually be demanded annually or perhaps bi-annually or quarterly. When the property is sold the seller is responsible for amounts due up to and including the date of complete and the seller is responsible thereafter.
Leasehold Property Basics – what you must know
May 17th, 2011 HIP-Consultant.co.uk Posted in Land Registry, Property Market, Top Tips 3 Comments »
All land in England and Wales has a freehold title (including land that is not yet registered with the Land Registry). All land belongs to the Crown but the owner of the freehold has an exclusive right, in perpetuity, to use and occupy the land or receive rents from it and so for all practical purposes the owner of the freehold title is the absolute owner of the land.
Understanding Conveyancing Law
May 10th, 2011 HIP-Consultant.co.uk Posted in Property Conveyancing, Property Market Comments Off on Understanding Conveyancing Law
Most of us at some point in our lives will come into contact with conveyancing law (or land law as it is properly known) but most people know little or nothing about it. Many volumes have been written on the subject over the centuries and I certainly don’t intend this article to be a comprehensive lesson on conveyancing but it is intended to provide a background to the law governing conveyancing and some of the ways it affects day to day transactions.
How to finance your dream home abroad
April 28th, 2011 HIP-Consultant.co.uk Posted in Insurance, Property Market 3 Comments »
If you have decided to purchase an overseas property in France, Spain or elsewhere abroad, there are likely to be a number of finance options available to you. Shop around and speak to an independent financial expert who can help you find the best product to suit your needs. There are some mortgages that allow you to switch currencies during the term, depending on which is most favourable at the time.
Estate Agents and Sellers Making False or Misleading Statements
April 18th, 2011 HIP-Consultant.co.uk Posted in Estate Agents, Legal, Property Conveyancing 1 Comment »
When buying a property it is important to ensure that you inspect everything that you can and that you have surveyed everything that you can’t, such as the structure or the electrics and central heating system. This is because of the principal of caveat emptor – Latin for buyer beware.
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Alternative Business Structures – Business Entity
March 14th, 2011 HIP-Consultant.co.uk Posted in Estate Agents, Legal, Mortgages 2 Comments »
Currently, a solicitor who is performing “reserved legal activities” (activities which only a solicitor is permitted to perform such as the key elements of a conveyancing transaction) for the general public is only permitted to practise in a firm wholly owned by solicitors. The Legal Services Act 2007 (“the Act”) however introduces a new type of business entity, the Alternative Business Structure (ABS).
Finding & Choosing the Right Conveyancer
March 1st, 2011 HIP-Consultant.co.uk Posted in Property Conveyancing, Property Market 6 Comments »
According to surveys, moving home is the third most stressful thing the average person will have to deal with after the death of a loved one and a divorce. As well as this, a home is by far the most valuable purchase or sale then any of us will ever make, so with these things in mind it’s important to choose the right conveyancer. If you are confident your conveyancer is doing a good job you can free to concentrate on organising the hundred and one other things you’ll need to do!
Conditional Exchanges, Options to Purchase and Rights of First Refusal
February 21st, 2011 HIP-Consultant.co.uk Posted in Property Conveyancing, Property Market 1 Comment »
The majority of the time when you are selling a property or when you find one you want to buy, you will want to exchange and complete as soon as possible. This won’t always be the case though. It might be that you want to reserve the right to buy a property at some time in the future, or that you want to give yourself the option to escape the contract if certain conditions are not met.
FindaProperty.com bolsters its number 2 position
February 15th, 2011 HIP-Consultant.co.uk Posted in Property Market, Property Portals 4 Comments »
FindaProperty.com has strengthened its position as the clear number 2 property website in the UK according to new independent data from comScore, the global leader in measuring the digital world.