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Transferring property to a beneficiary when sole owner dies

Transferring property to a beneficiary after the sole owner dies is a relatively clear process, on completion of which the Land Registry is satisfied with the details of the new ownership. This article describes the process, adding additional comments. 1 Which documents...

19/07/2019

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Inheriting a House After Death

When a property owner dies, matters such as inheriting a house after death and various other complicated issues come to the fore and you need sensitive advice to guide you through this challenging period, which is most often a time of distraught emotions and grieving relatives. The...

18/07/2019

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What is a Contract Race?

A contract race is where as a seller you agree to exchange contracts with two or more potential buyers with the expected - but not necessary - result that you sell to the buying party which is ready to exchange contracts first.. This article considers contract races and looks at:...

02/07/2019

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'Brexit Fatigue' causes minor uptick in UK house sales - June 2019

It sure is difficult to avoid the 'B' word in most macro-leaning conversatinos about these isles at present, however, general fatigue - even ennui - about the process might even have caused a minor rally in the UK housing market. So for another month, we've located some positive...

01/07/2019

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Joint Ownership Form JO (Land Registry)

If you are buying a property jointly, Joint Ownership Form JO (Land Registry) can confirm exactly how you will both own it. If they choose to use this form, your solicitor sends on the completed JO form to the Land Registry after they or you and your other joint owner have signed it (see below)...

01/07/2019

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Power of Attorney - Can I Sell the House?

When you have lasting power of attorney, the question "can I sell the house" might arise for various reasons. This might be because, for example, the person you have this power over needs to move into a care home and/or the proceeds from the sale of the house might be required to pay for this now...

28/06/2019

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Property Searches - Which searches do you need

Conveyancing searches form an integral part of the buying home process and should be seen as a 'must have' and not a 'do I need'. The water/environmental companies and local councils store information that your seller won't know, so obtaining property searches...

27/06/2019

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Land Registry ID1 Form

Involved in a Transfer of Equity? Not getting conveyancing solicitor representation? You'll need to fill out an ID1 Form The Land Registry ID1 Form is used by the Land Registry to satisfy itself of the identity/identities of any party/ies to a residential...

25/06/2019

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Local Authority Search Indemnity Insurance

Local Authority Search Indemnity Insurance serves to indemnify you - i.e. to pay out money to you - in the event that any of the subjects that are normally covered in a Local Authority Search (whether Official or Personal Regulated (click on any...

24/06/2019

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What is a Land Registry TR1 Form?

A Land Registry TR1 Form is a formal land registry document which literally transfers the legal ownership of a property from one party or parties to another party or parties. The party or parties may be either human or companies ('legal persons') and the transfer may or may be accompanied by money...

24/06/2019

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'Cash Buyers Only' – What is a Cash Buyer?

If you're looking to buy a property, when you look online and other places, you might well come across the words 'Cash Buyers Only' and wonder what this means and even wonder what a cash house buyer is. This article looks at these matters and considers: 1 What is a Cash...

20/06/2019

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Lease extension negotiation - How to successfully negotiate with your freeholder

Lease extension negotiations can be complicated, however in reality they are like any negotiation; one party wants more for less and the other less for more. The difference with negotiating a lease extension premium is that there is a set formula to work out what you should pay to extend your...

10/06/2019

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