Residential Property Blog
Friday 13th September 2019
Our conveyancing teams work closely with our Family Law team when it comes to advising or dealing with the family home. This may relate to the protection of rights where one party is not on the title of the family home, dealing with a transfer of equity or sale or advising on other aspects such as Stamp Duty Land Tax.
A transfer of any property subject to a mortgage will require the...
Wednesday 14th August 2019
Declarations of Trust (formal written agreements regulating the arrangements between two or more (typically unmarried) co-owners of property) are often overlooked when people buy a property together. If you co-own a property with someone, then you need to be clear about what you each own and are responsible for (although they can have a role as part of efficient tax and estate planning)....
Wednesday 6th February 2019
What is it?
Japanese knotweed is an invasive, non-native plant that can cause physical damage to buildings and land, which in turn affects the value of the property, and can be expensive and difficult to eradicate or treat.
The Government has issued guidance on invasive plants such as Japanese knotweed, and it states that not only have you got to prevent invasive non-native plants spreading on...
Friday 11th January 2019
Sales can be held up by issues that are not perceived as problems during ownership. Below are some common problems which often arise:
1. Building regulations
Extensions whereby building regulation consent is obtained but not the final Building Regulation Completion Certificate can have a consequence. The buyer may insist you obtain indemnity insurance/retrospective certificate from the...
Wednesday 29th August 2018
Since 1 April 2018, there is a requirement for any properties rented out in the private rented sector to have a minimum energy performance rating of ‘E’ on an Energy Performance Certificate (EPC). The regulations apply to new lets and renewals of tenancies with effect from 1 April 2018, and for all existing tenancies from 1 April 2020. Unless there is an exemption (such as the...
Tuesday 10th July 2018
One of the many strengths we have at TWM is the wide breadth of experience and advice we are able to offer. There are various circumstances in a property transaction where we can offer the added value of the input from another of our departments.
When buying a property in joint names (particularly by unmarried couples or buyers who are not in a relationship) our property teams can advise on...
Tuesday 10th April 2018
With Government targets to increase housing, new-build homes are a popular choice. However, there are also common problems that some buyers may not be aware of at the outset.
Often buyers commit to purchase a new-build property when only the show home has been seen. Instructing a conveyancer who has experience in dealing with new-build properties is a distinct advantage to ensure your purchase...
Tuesday 12th December 2017
With rising property prices, student debts and stagnant wages, it is a tough time to be a Millennial (under 35) in London. Research shows that this generation could be the first ever to be financially worse off compared to their parents.
It is unsurprising, therefore, that the Bank of Mum and Dad is becoming increasingly involved in helping young adults in their twenties and thirties make it...
Thursday 23rd November 2017
The announcement of the Budget by the Chancellor of the Exchequer Philip Hammond has brought good news for first-time buyers with the stamp duty land tax exemption.
Here we set out the key points for first-time buyers to be aware of:
The relief will only apply to first-time buyers. If you or anyone buying with you has previously owned or currently owns an interest in any property in...
Thursday 3rd August 2017
The issue of property fraud is gaining more and more exposure in the press as it has escalated dramatically in the last few years. Unfortunately, the risks continue to grow as organised crime sees it as a much more low risk area to target.
Fraud can be committed in a number of scenarios, and two of the most common are as follows:
Scam emails – A fraudster might send out an email to the...
Monday 15th May 2017
Estate agents often offer a flat for sale with “share of freehold” to entice buyers who understandably think this is better than buying a property which is only a leasehold.
The first question to ask is “How long is the lease?”
The freehold deals with the whole of the building, but with a flat, the critical aspect is how long is the lease of the flat in question? The...
Tuesday 20th December 2016
If you qualify you can use a Help to Buy ISA to obtain a bonus towards the capital cost of the purchase of a property. The Government will top up your savings by 25%. So for every £200 you save, the Government will contribute £50 but the maximum bonus is £3,000 (with savings of £12,000) and the minimum bonus is £400 (with savings of £1,600).
Help to Buy ISAs...