When buying a new build property there are a number of additional points to consider when compared to a purchase pre-existing property. You will often be buying “off plan”, the completion date may not be fixed when contracts are exchanged and you will need to know what, if any, warranties are in place.
What to Consider Buying a New Build Property
January 31st, 2011 HIP-Consultant.co.uk Posted in Property Market | 5 Comments »
How landlords can make the most of the market in 2011
January 26th, 2011 HIP-Consultant.co.uk Posted in Guest Articles, Landlords | 2 Comments »
Professional property landlords can look forward to seeing solid returns from their investments in 2011.The state of the housing market is pushing increasing numbers of people into renting while supply remains tight.
Different Types of Property Surveys
January 24th, 2011 HIP-Consultant.co.uk Posted in Mortgages, Property Market | 3 Comments »
Before buying any property you are highly encouraged to have a survey carried out. In fact if you are buying with a mortgage then your lender will insist. If you don’t have a survey then you are accepting the property in whatever condition it happens to be in, regardless of whether the seller is aware of any defects. There may be problems with the property that are not apparent from just looking around.
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.
Validating Potential Tenants for Your Rental Properties
January 4th, 2011 HIP-Consultant.co.uk Posted in Landlords, Legal | Comments Off on Validating Potential Tenants for Your Rental Properties
As a residential landlord, you need to be able to trust your tenants to pay their rent and to pay on time. It is likely you will be relying on their payments to enable you to pay your mortgage and so if your tenant falls into arrears you may go into arrears also and could end with the property being repossessed.
Improve Your Chances of Selling Your Property
December 16th, 2010 HIP-Consultant.co.uk Posted in Property Market | 9 Comments »
These are challenging times for the housing market. Whilst we are just starting to see the green shoots of recovery, there are still probably more properties that there are willing buyers. When the market is in this state you need an edge if you hope to sell your property quickly.
Investing in Freehold Reversions
December 8th, 2010 HIP-Consultant.co.uk Posted in Land Registry, Landlords, Property Market | Comments Off on Investing in Freehold Reversions
All land in England and Wales, whether or not it is registered, has a freehold title. In addition the freehold of a particular property may be subject to a leasehold title. If this is the case then it is the leasehold title that has by far and away the greatest value since it is the owner of this title that has the right to occupy the property for the term of the lease, however the freehold does still have value.
How to Complete the Seller’s Property Information Form
November 30th, 2010 HIP-Consultant.co.uk Posted in Legal, Property Conveyancing | 1 Comment »
The seller’s property information form needs to be completed by the seller in every sale. It is an important document and it is important to answer the questions honestly and as accurately as possible.
Using Chattels to Avoid Stamp Duty
November 22nd, 2010 HIP-Consultant.co.uk Posted in Legal, Property Conveyancing | 6 Comments »
Chattels are items, such as items of furniture, which do not form part of the fabric of the land or buildings but which are transferred from the seller to the buyer along with the land as part of a conveyancing transaction. They can either be including in the price paid for the property or sold for an additional price but using the same contract as is used for the land.
Securing a Debt Against Another’s Property
November 10th, 2010 HIP-Consultant.co.uk Posted in Legal, Mortgages, Property Conveyancing | 6 Comments »
In terms of a person’s assets, land is unique in that a debt can be secured against it without the owner giving up control of the asset. Items can of course be bought on hire purchase agreements but these remain the property of the seller until the debt is paid, and an item can be pawned but the pawnbroker will retain it pending full repayment.
Is the Property Ladder Broken?
October 28th, 2010 HIP-Consultant.co.uk Posted in Mortgages, Property Market | 9 Comments »
Broken Ladder: 3 years without rent, food, clothing – then you can afford a deposit.
New research out today reveals that the average first time buyer (FTB) would have to save every single penny of their earnings for more than two years to have a chance of getting a foot on the housing ladder. In London it would take three years.