Tag: conveyancing
Stamp Duty for Non-UK Residents
If you are buying a residential property in England or Northern Ireland, and are not a UK resident, you will usually be liable for an additional 2% non-UK resident Stamp Duty Land Tax (SDLT) surcharge that will apply on top of the normal residential SDLT rates. Which properties are subject to the additional 2% Stamp...
Section 38 Agreement Explained – What Home Buyers Need to Know
If you’re buying a new-build property or a home on a recently constructed estate, you may be told a Section 38 agreement is required before your lender will release funds. Many buyers are naturally concerned about delays, mortgage approval, or road maintenance responsibility. This guide explains what a Section 38 Agreement is, why it matters...
Exercising caution when buying a holiday or retirement park home
Buying a park home for holidays or retirement might seem like a great idea, but many purchasers regret taking on this type of property. We look at some of the most common problems. A park home is a mobile, pre-fabricated unit, similar to a bungalow, chalet home or lodge, set on private land. You can...
Understanding transfer of equity in a property
Transfer of equity in a property refers to changing the ownership of the property. Commonly, this is a transfer from joint names to a sole name or vice versa, often following a separation or divorce, or when a couple moves in together. The process is not always straightforward, and you need to fully understand the...
Can a leaseholder challenge service charges?
If you own a leasehold flat, you will be required to pay service charges to the landlord, their managing agent or the management company. It is important to check that the charges are fully explained and that they are reasonable. We look at what the landlord should provide and when a leaseholder can challenge service...
First Time Buyer Guide
How LPL can help you buy your first home Becoming a first time buyer is exciting, but it can also feel overwhelming. At LPL, we know just how important it is to get the right support from day one. From helping you understand your finances to completing your legal paperwork, our team ensures you’re guided...
What documents for selling a house do you need?
If you are planning on selling a property, you can get off to a flying start by putting together the necessary documents beforehand. Find out what your solicitor will require and what forms you will need to fill in. When you sell a property, the buyer’s solicitor will need to see a wide range of...
Mortgage news: cheaper mortgages available, and FCA considering simplifying mortgage rules
As interest rates continue to fall, all major lenders have fixed-rate deals available with interest rates of less than 4%. In other mortgage news, the Financial Conduct Authority has launched a public discussion on the future of the mortgage market. Reductions in interest rates charged by mortgage lenders are taking into account predicted future cuts...
How a Solicitor for Conveyancing Protects Your Property Investment
Buying or selling a home is one of the most significant financial decisions you will ever make. Whether you’re a first-time buyer or a seasoned property investor, safeguarding your investment throughout the transaction is crucial. This is where a solicitor for conveyancing plays a vital role. Conveyancing solicitors, like LPL, are legal experts who handle...
