Home Buying Guide | Tips For First Time Buyers And Home Movers

25
Jan
2023

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How to Get an Accurate Conveyancing Online Quote

Moving home is an exciting but often stressful process. Once your offer has been accepted, you will then need to appoint a conveyancer who will carry out the legal aspects of your property transaction. More and more home movers look to do so by looking online and one of the key steps of the process [read more...]

08
Jun
2022

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Mortgage Options Explained – Complete Guide

In today’s market, there are many types of mortgage options and knowing which one is suitable for you is vital if you want to get the right deal. Even though every mortgage tends to function in a similar way, things such as repayment methods, interest rates, and fees can all be different between p [read more...]

26
May
2022

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Shared Ownership Properties – Eligibility, Benefits and Disadvantages

If you are struggling to find an affordable home, one solution worthy of consideration is shared ownership. This is halfway between renting and buying and aims to reduce the considerable obstacle facing first-time buyers — the need to raise a big enough deposit. For many, shared ownership bridges [read more...]

13
May
2022

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How Does Online ID Check Process Work?

The law demands that solicitors, conveyancing professionals, banks, building societies and mortgage brokers obtain satisfactory evidence of the identity of their clients in order to satisfy Money Laundering Regulations. To this end, there is an increasing demand for methods of online ID check When p [read more...]

03
May
2022

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Difference between Freehold and Leasehold Property

Both leasehold and freehold are ways you can own a property and it is important to know the difference because it affects your ownership and the future sale of your home. Leasehold and freehold are principally different forms of legal ownership. If you own the freehold, it means you own both the bui [read more...]

28
Apr
2022

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The Difference Between SRA and CLC

This article outlines the differences between conveyancing solicitors (SRA) and licensed conveyancers (CLC) and their regulating bodies giving you the information to decide who looks after the legal side of your move. Conveyancing solicitors and licensed conveyancers are different sides of the same [read more...]

20
Apr
2022

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The Key People Involved in House Buying Process

Once you have decided to become a homeowner, saved up your deposit and evaluated your financial situation, you will find there are several key people and professionals who are involved in different elements of the home buying experience. Although you may not meet all of them in person, they all play [read more...]

11
Apr
2022

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How Does Online Conveyancing Work? – Advantages and Disadvantages

What is conveyancing and how does online conveyancing work? Conveyancing is the term used to describe the legal process of transferring ownership from one party to another. A high street solicitor can usually carry out conveyancing work as part of a wider range of legal transactions they provide. H [read more...]

28
Mar
2022

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What is Online Conveyancing and is it Safe?

You can buy everything online these days, from services to products, and buying a house is no exception. So when it comes to conveyancing, you will not be surprised to hear that there are many online companies that provide conveyancing services. And they are available no matter where you are in the [read more...]

21
Mar
2022

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First Time Buyer Finance and Affordability

Buying a house can be an overwhelming experience, so a first time buyer can easily feel bamboozled by the house buying process: what first time buyer finance is available, what mortgage should they choose, how much deposit will they need, or is there any help out there? The first question you should [read more...]

15
Mar
2022

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A Complete Guide to Gifted Deposits

Saving for a deposit on a house is one of the highest bars for first-time buyers to overcome. It is therefore unsurprising, then, that a common feature of buying a first home is gifted deposits. Halifax recently found that the average deposit paid by first-time buyers was around £59,000. For many, [read more...]

11
Jan
2022

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Conveyancing Disbursements Payable When Buying & Selling a Property

Conveyancing disbursements are part and parcel of buying and selling property, although you won’t have to pay as many if you are selling. They are fees that your conveyancer has to pay to third parties on your behalf and include things such as searches and stamp duty. This guide covers everything [read more...]

10
Dec
2021

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Stamp Duty Rates: A Complete Guide

If you are thinking about buying a home, you may have to pay Stamp Duty Land Tax (SDLT). There are different stamp duty rates and rules depending on whether you are a first-time buyer or are buying a second home. The purchase price of the property is also relevant to how much SDLT is needed [&hellip [read more...]

23
Nov
2020

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What happens if completion doesn’t take place before the end of the stamp duty relief period?

To give a much-needed boost to the property market and in a bid to drive demand, the Government announced in July 2020 a stamp duty holiday for residential property purchases under £500,000. For non-residential premises and land, the figure has been set at £150,000. What is stamp duty? Stamp Duty [read more...]

09
Nov
2020

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Complete Guide to Buying a Property at Auction

HOW TO BUY A PROPERTY AT AUCTION Buying a property at auction could bag you a bargain, but it is a risky business. It also avoids the lengthy purchasing procedures and the uncertainty of a seller pulling out at the last minute. However, when the hammer falls the property is yours, so it certainly pa [read more...]

19
Aug
2020

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A Complete Guide For First-Time Home Buyers in UK

Understanding the complex process of buying a house should help a first time buyer through some of the stressful aspects of house buying. So having made the decision to buy your first home, the excitement can soon be turned in to a nightmare if you are unprepared. Following this guide can help to en [read more...]

29
Jul
2020

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Key Differences Between House Buying and Selling Across Great Britain

The conveyancing process for house buying and selling in England, Wales, and Scotland or vice versa is often difficult to understand for Vendors and Purchasers alike, not least of all because the processes are different in the two places. Cross Border Qualification When moving from Scotland to [read more...]

15
Jul
2020

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What the Government’s Ban on New Build Leasehold Houses Will Mean for Leaseholders

The government has announced plans to combat “unfair and abusive” practices within the leasehold system, the new measures announced by the Communities Secretary, Sajid Javid, include: A ban on almost all new build houses being sold as leasehold; Ground rents on new long lease property being set [read more...]

25
Jun
2020

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Home Selling Guide: Article One – ‘What to do with your property when you get a divorce’?

Divorce is a complex process that is often misunderstood. One of the most common misconceptions that people come across is that it is far from a quick way of cutting ties with your partner, particularly when it comes to finances and shared property. Although we are property solicitors and not family [read more...]

10
Jun
2020

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Home Buying Guide: Article Five – ‘Freehold or leasehold’?

When you decide to buy a property, you are inundated with information from many different angles, much of which may be new to you. One of the pieces of information you will note detailed next to the description of a property is normally either the term ‘freehold’ or the term ‘leasehold’. Whi [read more...]

02
Jun
2020

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Home Buying Guide: Article Four – ‘Informal Tender Process’

‘How viable is the sale by informal tender process?’ Most people when buying or selling a house will use an estate agent. The seller will pay the agent a fee for selling the house on their behalf and the buyer (although immersed in fees to pay other professionals in the house buying process) wil [read more...]

28
May
2020

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Home Buying Guide: Article Three – ‘Should I Get a Property Survey Carried Out?’

‘Should I get a property survey carried out?’ Buying a house is not a simple, fast purchase. On the contrary, there are many processes to be carried out which require time and careful consideration. One such process to consider is the possibility of whether or not to get a survey carried out on [read more...]

21
May
2020

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Home Buying Guide: Article Two – ‘The Ins and Outs of Your Right to Buy’

Are you aware of the Right to Buy? If you are either a tenant of a housing association or local authority you may have the right to buy your home at a discount due to the period you have been living there as a tenant. The Right to Buy is literally what the text states: […] [read more...]

15
May
2020

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Home Buying Guide: Article One – ‘A Professional Conveyancer Is an Absolute Essential’

‘A professional conveyancer is an absolute essential’ Are you buying a home for the first time? No doubt you are feeling incredibly excited yet also naturally slightly anxious about the technical details within the overall process. Buying a home can be a lengthy process from start to finish [read more...]