Tag: property law
Average Conveyancing Fees in the UK: Fixed Legal Fees From £600 + VAT
When buying or selling a property, conveyancing covers the legal work needed to transfer ownership from one party to another. At LPL, we offer fixed legal fees from £600 + VAT, so you’ll know the cost of our legal work upfront. In this guide, we explain average conveyancing fees in the UK, what they cover...
Do You Need a Solicitor to Remortgage Your Property?
Yes, you’ll usually need a solicitor or licensed conveyancer if you’re remortgaging with a new lender. They’ll deal with the legal work involved in replacing your existing mortgage, liaise with both lenders and make sure the new mortgage is properly registered. If you’re simply switching products with your current lender, known as a product transfer,...
Commonhold and Leasehold Reform Bill: What you need to know about proposed changes to leasehold legislation
The Draft Commonhold and Leasehold Reform Bill sets out proposed leasehold law changes in the UK, including changes to ground rents on existing leases, restrictions on new leasehold flats, reforms to forfeiture, and a stronger legal framework for commonhold. Often referred to simply as leasehold reform, these proposals are not yet law. They were published...
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...
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...
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...
