News -> Mortgage

Change from Joint Tenants to Tenants in Common
Joint owners of property can change their ownership from joint tenants to tenants in common at any time and with or without mutual consent using the Land Registry Form SEV (although the process is different if you aren't both in agreement about the change). If you need help changing the title...
09/08/2018
Lease Extension Cost
There are various costs when extending your lease including solicitor fees, surveyor fees, freeholder fees and then the actual lease extension premium costs. This doesn't take into account the potential costs for going to the Leasehold Valuation Tribunal (LVT) if you aren't successful in agreeing...
08/08/2018
Section 42 Notice - What You Need to Know
A Section 42 Notice (also known as the Tenant's Notice) is served on the landlord/freeholder and starts the statutory lease extension process. You can serve your own section 42 notice, however most people instruct a solicitor to do it for them. Before starting the process you should check your...
08/08/2018
Transfer ownership of property to wife or spouse
To transfer ownership of property to your wife or spouse is common practice where to do so it is advantageous from a tax perspective (if you are gifting your property in full then click here). There are many different ways to structure sharing income from property so we have listed below a number...
06/08/2018
Vesting Order - Failing to provide a counter notice
A vesting order can be granted by the county court in cases where a freeholder (landlord) fails or refuses to reply to a section 42 notice served by an eligible leaseholder (click to find out if you are an eligible leaseholder). There is however a process to follow with additional costs (unlikely...
04/08/2018
July 2018
Will the rate rise kill off the fragile housing market recovery?* Housing market practitioners have reason to be optimistic in terms of the Land Registry's latest figures for house prices and sales volumes with both metrics showing rises.  The Bank of England has, however, raised...
02/08/2018
Property Survey Defects
A property survey such as a HomeBuyer Report or Building Survey is invaluable to a buyer to identify key defects in their property before they pay for it. Whether you are buying a Georgian, Victorian, 1950s bungalow or a new build flat, you'll need to get a surveyor to thoroughly inspect the...
27/07/2018
How long does it take to extend a lease?
The time it takes to extend your lease depends on whether you are following the formal or informal route (click to read about the different processes). In this article we will how long it takes to extend your lease through bth the formal and informal route and also provide tips on how to speed the...
22/07/2018
Lease Extension Process
The lease extension process (or leasehold extension process) is undertaken by leaseholders looking to add additional years onto their lease. There are two routes to choose from: Formal Lease Extension - follows the statutory route adding an additional 90 years onto your current lease...
22/07/2018
Seller left personal property in house - what can you legally do?
After waiting so long to buy your property it can be disappointing to find that when you finally move in on the day of completion that the seller has left behind their personal possessions. In our article, What Happens on Completion Day, we explain what you need to do when you move into your new...
20/07/2018
Informal Lease Extension Process - What are the Pros & Cons?
As a leaseholder you have 2 routes to follow if you wish to extend the number of years on your lease: Formal Lease Extension - follows the statutory route adding an additional 90 years onto your current lease term, reducing ground rent to zero (peppercorn), premium calculated within...
17/07/2018
Ascot Lawyers in Administration
Ascot Lawyers Ltd trading as Ascot Lawyers based in Ascentia House, Lyndhurst Road, Ascot, Berkshire, SL5 9ED closed down in June 2018 leaving a number of staff looking for jobs and clients' files passed onto new solicitors. Ascot Lawyers Ltd are regulated by the Solicitors Regulation Authority...
14/07/2018
Interest-Only Retirement Mortgages
04/06/2018
Mortgage Early Repayment Charge
04/06/2018
Applying for a mortgage? 3 things you can't have on your bank statement
01/06/2018
Auction Bridging Finance – What is a Mortgage Bridge Loan?
15/05/2018
Mortgage Solicitors - We Are On All Mortgage Lender Panels
04/05/2018
Gifted Deposit Mortgage for First Time Buyers
21/03/2018
What is the Mortgage Process?
01/03/2018
Bad Credit Mortgage - Getting a Mortgage with a CCJ
20/02/2018
Buy to Let Mortgages
02/01/2018
Help to Buy Mortgage
21/12/2017
Mortgage Glossary
06/12/2017
Getting a Mortgage When Self-Employed - Our 5 Top Tips
05/12/2017
Joint Borrower Sole Proprietor Mortgage
09/11/2017
No Deposit Mortgage (Offset)
09/11/2017