Boundaries are one of the major causes of disputes between neighbours. Whether one neighbour is encroaching on another, there is an argument that the boundary line is in the wrong position or shared boundary is not properly maintained, issues that might start out as trivial can quickly escalate.
Boundary Disputes – What you need to know
June 13th, 2011 HIP-Consultant.co.uk Posted in Land Registry, Legal, Property Conveyancing 1 Comment »
What you need to know about Rentcharges
June 6th, 2011 HIP-Consultant.co.uk Posted in Property Conveyancing Comments Off on What you need to know about Rentcharges
A rentcharge is a type of legal interest in land. The owner of a rentcharge is entitled to collect a rent from the owner of the land affected by it and will usually have a “right of re-entry” if the rent is not paid. In addition to the obligation to pay rent there will generally be other covenants which, if breached, give rise to the right of re-entry. Rentcharges, like mortgages, can be bought and sold.
Homeowners paying £765 million too much in legal fees
May 31st, 2011 HIP-Consultant.co.uk Posted in Property Conveyancing, Property Market 1 Comment »
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.
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.
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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How Do I Know If a Covenant Can Be Enforced?
March 28th, 2011 HIP-Consultant.co.uk Posted in Land Registry, Property Conveyancing Comments Off on How Do I Know If a Covenant Can Be Enforced?
Covenants are rules which dictate how landowners can use their land. Unlike statutory rules such as those set out in acts like the Town and Country Planning Act or Building Act they are imposed by the original owner of the land, often by a developer when he sells plots on an estate or by a landowner who owns a large estate and sells parts off. As a result covenants are individual to each property.
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.
Conveyancing Checklist For Property Purchase
January 13th, 2011 HIP-Consultant.co.uk Posted in Land Registry, Property Conveyancing, Property Market 9 Comments »
When you are using a conveyancer for the purchase of a property you may be forgiven for thinking that you are able to leave the whole thing in his or her hands; to a certain extent you are right, but you should remember that ultimately it is your purchase and there are certain things for which you must still take responsibility. This is more important these days since it is likely your conveyancer will never actually see the property and may not be from the area.