April 2017
General Election: less on Brexit, more on housing Prime Minister Theresa May's announcement of a snap election has predictably had all the parties feverishly working on manifestos. But there have been few announcements on housing policy so far, despite the housing crisis turning into a...
28/04/2017
March 2017
Is Article 50 affecting the housing market positively? There are many positive signs in the recent housing market data, even evidence that buyer confidence is finally growing and the housing supply increasing. How much of this is due to the issuing of Article 50 is worth debate and should give...
31/03/2017
Can you have unequal shares in a property?
Can you have unequal shares in a property? Yes you can. In England & Wales unmarried couples normally buy a property as tenants in common which means they each individually own a separate interest in the property and this is normally in unequal shares. Married couples buy as Joint Tenants which...
01/03/2017
February 2017
Is there really a housing market slump? The Guardian says "UK house price growth at slowest rate in four years" The Independent says "Housing market slumps as owners wait up to 10 months for a sale" The NAEA says "Surge in house hunters means 11 buyers chasing every...
28/02/2017
Help to Buy Conveyancing Solicitors
Help to Buy conveyancing solicitors or conveyancers carry out the legal work when a first time buyer is using the Government Help to Buy scheme to purchase a property. The Help to Buy conveyancing process is more complex than a standard conveyancing because of the additional contract you have with...
27/02/2017
Splitting up with partner? Who must pay the mortgage?
Splitting up with partner? Who must pay the mortgage? This is question which often arises when a couple breaks up. It is a difficult situation to be in and even more so you're unmarried and don’t have a legal agreement protecting your share of the property. Whatever happens you must continue...
24/02/2017
Thatched Roof Building Survey
A thatched roof building survey, carried out by a qualified RICS surveyor, is highly recommended if you are buying a property with a thatched roof, for your peace of mind. Scott Oke MRICS is one of our Specialist Thatched Roof RICS Surveyors, you can read his details by clicking on the link....
24/02/2017
Key Worker Housing Scheme
A key worker housing scheme is a highly important way in which workers in certain eligible organisations can access their local housing market for a reduced outlay. Housing schemes for key workers centre on various Government housing initiatives and are normally run by housing associations. Key...
23/02/2017
What happens when you get repossessed? The 7 stages
What happens when you get repossessed? Getting repossessed is a difficult situation to be in especially as repossession proceedings are very formal and you could lose your home.It can feel even worse if you are a joint owner of a property and one of the joint owners can no longer can pay their...
23/02/2017
Beneficial Ownership vs Legal Ownership
When jointly owning a property you'll need to declare your ownership shares of the legal title, however did you know that your share of the legal ownership can differ from the beneficial split when buying as tenants in common? You'll need to know the difference between you beneficial ownership vs...
22/02/2017
Buy to Let advice - The things you must know
Whether you are a Buy to Let veteran or an entrant to the market, this article covers some of the key areas you must know Independent Inventory Clerk General Repairs Know Your Tenant Section 21 Eviction Notice changes Carbon Monoxide (CO) and Smoke Alarms  Deposit...
22/02/2017
Help to Buy Equity Loan
The Government’s Help to Buy Equity Loan scheme is targeted mainly at helping first time buyers get onto the property The scheme does this by granting you a loan which allows you to purchase your home with a minimum 5% deposit, compared to the normal 10%. Insufficient deposit funds has...
22/02/2017
Right to Buy your Council House
Right to Buy your council house: this scheme allows council tenants to purchase the homes they live in at a discount. Using it, around 3.9 million people with council tenancies in the UK could potentially buy their properties at a considerably lower price than they'd have to pay on the open...
22/02/2017
Splitting up with partner? Are you due money from the property?
Splitting up with your partner is a difficult situation which can be worsened if there is a dispute about whether you are due money from the property you've lived in together. If like many joint owners you didn't put anything in writing and based your joint ownership arrangement on trust then you...
22/02/2017
What is Shared Ownership Protection?
Shared Ownership Protection is the leading co-ownership agreement on the market. You and anybody else who jointly owns your property with you create a document which is legally binding and notarised by a solicitor, and it sets down how you will own your property, from calculations of individual...
22/02/2017
5 reasons you MUST get a home buyers survey for your flat!
On average, homebuyers spend £5,750 on repairs once moved into their new home according to research by The Royal Institution of Chartered Surveyors (RICS). Sadly, in many of these cases these costs could be negated by simply getting a surveyor to inspect their property before they exchanged...
21/02/2017
Help to Buy Application Process
Help to Buy Schemes are run by the Government with the intention to help First Time Buyers get their foot on the property ladder with a lower deposit with an additional Government funded equity loan and Help to Buy mortgage to make up the balance of the purchase price. This is a guide on how to...
21/02/2017
Help to Buy Mortgage
You'll need a Help to Buy mortgage to fund the balance of the purchase price when buying using the Government's Help to Buy Equity Loan scheme. This scheme allows for a lower deposit of 5% from you which is then added onto a Government Loan of up to 20% and then the balance of the 75% is funded by...
21/02/2017
Buying a house
The Home Buying Process Get a If you are a first time buyer, the chances are you'll need a mortgage to buy a home. If you do, you'll need to make sure your credit score is in order and crunch the numbers to see what sort of mortgage you can afford. Then we recommend that you...
20/02/2017
Staircasing Process
Staircasing is when you buy more shares in your shared ownership property, something you can normally do after 1 year. The advantages are that you own more equity and your rent gets smaller but note that your buildings insurance, ground rent and service charge are You can normally buy...
20/02/2017
What happens if a joint owner becomes bankrupt?
Joint ownership of property can be disastrous if any of the joint owners are made bankrupt. Without a formal written agreement in place, the Trustees in Bankruptcy, appointed to manage the bankrupt person's affairs, will assume the property is shared 50:50 (or equally between all parties), when the...
20/02/2017
What is a Mortgage Valuation?
What is a Mortgage Valuation? It's NOT a Structural Survey  A mortgage valuation is something everyone who gets a mortgage will have to pay for. Most people think that it is a full structural survey because it costs so much, however a mortgage valuation Survey is not a structural survey. ...
20/02/2017
What is Shared Ownership?
Shared ownership schemes are aimed at enabling people with lower income earners to purchase a property with a smaller deposit by sharing the ownership with a housing association. This article explains everything you need to know about buying a shred ownership property including (click on heading...
20/02/2017
List of Housing Associations in London
We have compiled a list of the housing associations in London to help you in your hunt for a shared ownership property in London. If a housing association you are using doesn't appear on this list then please drop us an email to help@samconveyancing.co.uk - thank you for keeping this list current!...
17/02/2017