Tag: legal advice
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...
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...
Mortgage lenders refuse loans on properties with spray foam insulation
Problems continue for owners of properties with spray foam insulation as lenders are still declining to provide mortgages. The BBC reported in November 2024 that a quarter of the UK’s major mortgage lenders will not now lend if a property has spray foam insulation in the roof space. This means that when a homeowner comes...
Energy minister confirms landlords must meet new EPC minimum rating
The new Under Secretary for Energy Security and Net Zero, Miatta Fahnbulleh, has confirmed that the government intends to bring in a minimum Energy Performance Certificate (EPC) rating of C for landlords. Labour promised in their election manifesto that all privately rented properties will be required to meet a minimum energy efficiency standard by 2030...
Haunted houses and ghoulish deals – A spooky take on property conveyancing this Halloween!
As the chill of autumn sets in and the pumpkins begin to glow, it’s not just ghosts and goblins that haunt the streets, it’s also the perfect time to think about your next property move! Whether you’re buying, selling, or remortgaging, Halloween can bring some thrills and chills to the world of residential property conveyancing....
How do I extend my lease?
If you own a leasehold property, the number of years remaining on the lease will gradually drop. Once it falls towards 80 years, you should consider extending the lease, as it can become considerably more expensive to do this once less than 80 years remain. Most leaseholders have a statutory right to extend their lease....
