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What are the reasonable costs of the freeholder
The leaseholder is liable to pay the reasonable costs of the freeholder when they extend their lease or buy the freehold (collective enfranchisement). The question is what are the reasonable costs of the freeholder and what can you do if you think the costs are unreasonable? In this...
14/01/2020
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Capital Gains Tax on Gifted Property
The capital gains tax on gifted property varies depending on the relationship between the owner of the property and the party/ies being gifted the property. HMRC will look to the relationship between the seller and the buyer to see how to treat the capital gains tax on gifts.  Some parents...
09/01/2020
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Change from tenants in common to joint tenants
You often change from tenants in common to joint tenants when your relationship changes with someone you jointly own property with; most commonly a husband and wife on a buy to let for tax purposes. The change in title ownership allows the joint owners to benefit from owning the property jointly...
08/01/2020
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Discount Market Sale (DMS) - a path to low cost home ownership
Discount Market Sale (DMS) – also known as Council Shared Equity or reduced market value scheme – is a low cost home ownership product where you can buy a new build or existing property at a discounted price from a local council participating in the scheme in collaboration with developers...
06/01/2020
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Ground rent increases every 25 years - What can you do?
Ground rent increases used to be very small. In the 1950s through to the 1970s you would most likely have a lease that had annual ground rent from £10 to £50 and if there was a ground rent increase within the lease it would be as low as £10 or £25 after 30 or 40 years (a lot of money at the...
06/01/2020
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Grant of Probate
A Grant of Probate, also known as a Grant of Representation, is needed by an Executor to get the legal right to deal with the property, money or possessions of someone who dies. Applying for probate can either be done by you or a qualified solicitor - it is important to note that the costs are more...
05/01/2020
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Happy Brexit Christmas! War is over and there's positive shoots in housing!
Everyone deserves a Happy Christmas this year following a recent General Election send-off which, while it won't have pleased everyone, finally set the – non-EU – direction of travel for the UK.  We all know that in reality the Brexit process has just started however, in theory, the...
20/12/2019
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Brexit Election Special: Housing? Or Just Browsing?
Our latest housing market update, released on the day of what many have termed the Brexit Election, only examines the various parties' housing policies and swerves centring otherwise on Brexit. Hopefully our readership will find this a blessed release. Manifesto Housing Policies...
18/12/2019
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Declaration of no interest in property
A declaration of no interest in property legally confirms the property is held on trust and that one of the beneficiaries has no financial benefit in the property. Whilst joint owners of property normally want to have as much beneficial interest as possible, there are cases where it is their...
16/12/2019
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How much does a house survey cost
The following is a guide on how much does a house survey cost for the 3 main surveys you can get whilst buying a property which are: 1 Building Survey Cost 2 HomeBuyers Survey Cost 3 Structural Survey Cost The house survey cost will vary and we will...
16/12/2019
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Declaration of Trust Definition
A declaration of trust is a very simple written declaration that evidences that a bare trust exists between joint owners of property (either legal and/or beneficial). When related to property, the declaration of trust could be as simple as "I Andrew Boast declare that I hold the...
15/12/2019
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Deed of Assignment - Transfer your beneficial interest in property
A deed of assignment, in relation to property, is used to assign an equitable interest in land to another party. Equitable interest is also known as beneficial interest. Unlike a deed of trust that is drafted at the point of purchase, a deed of assignment is drafted at the point you own the...
15/12/2019
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What are the reasonable costs of the freeholder
14/01/2020
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Capital Gains Tax on Gifted Property
09/01/2020
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Change from tenants in common to joint tenants
08/01/2020
View
Discount Market Sale (DMS) - a path to low cost home ownership
06/01/2020
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Ground rent increases every 25 years - What can you do?
06/01/2020
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Grant of Probate
05/01/2020
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Happy Brexit Christmas! War is over and there's positive shoots in housing!
20/12/2019
View
Brexit Election Special: Housing? Or Just Browsing?
18/12/2019
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Declaration of no interest in property
16/12/2019
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How much does a house survey cost
16/12/2019
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Declaration of Trust Definition
15/12/2019
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Deed of Assignment - Transfer your beneficial interest in property
15/12/2019
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Homebuyers survey is it worth it
12/12/2019
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Deed of Trust
10/12/2019
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4 Ways to Avoid Inefficient conveyancing solicitors
09/12/2019
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Can I force the sale of a jointly owned property?
09/12/2019
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Fire Risk Assessment for Flats
09/12/2019
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Infestation Definition
09/12/2019
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Right to Manage Leasehold Process
09/12/2019
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Section 42 Notice - What You Need to Know
09/12/2019
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Tips for Choosing the Best Conveyancing Solicitors
09/12/2019
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What are Leasehold Service Charges?
09/12/2019
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What happens when you get repossessed? The 7 stages
09/12/2019
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What is the Mortgage Process?
09/12/2019
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