What to Look for and Be Careful With When Buying a New Build Property in the UK

July 17th, 2024 HIP-Consultant.co.uk Posted in Buying Property, EPC, Land Registry Comments Off on What to Look for and Be Careful With When Buying a New Build Property in the UK

Buying a new build property is an exciting prospect, offering the opportunity to own a home with modern designs, advanced technology, and minimal initial maintenance requirements. However, the process is not without its complexities and potential pitfalls. Prospective buyers need to be diligent and informed to ensure their investment is sound. This blog post outlines key considerations and cautions for anyone looking to purchase a new build property in the UK.

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Does Conveyancing of UK Property Need to Take so Long

July 10th, 2024 HIP-Consultant.co.uk Posted in Buying Property, Estate Agents, Land Registry, Property Conveyancing, Selling Property Comments Off on Does Conveyancing of UK Property Need to Take so Long

Conveyancing is a critical aspect of the property transaction process, involving the legal transfer of property ownership from one person to another. Despite its necessity, many individuals find the conveyancing process to be time-consuming and fraught with delays. This blog post aims to explore the reasons behind the lengthy duration of conveyancing in the UK, shedding light on the various factors that contribute to the extended timelines often experienced.

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The Future of the Property Market

July 8th, 2024 HIP-Consultant.co.uk Posted in Energy Saving, Property Conveyancing, Property Market Comments Off on The Future of the Property Market

The property market is a cornerstone of the global economy, and its fluctuations have far-reaching implications for individuals, businesses, and governments. As we move through the 21st century, the landscape of the property market is set to undergo significant transformations driven by economic shifts, technological advancements, demographic changes, and evolving societal preferences. Understanding these future trends is crucial for stakeholders ranging from homebuyers and investors to policymakers and urban planners. This blog post aims to provide a comprehensive overview of the anticipated future of the property market, highlighting key trends and factors that will shape its evolution.

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The Impact of General Elections on the UK Property Market

July 2nd, 2024 HIP-Consultant.co.uk Posted in Housing Policy, Legal, Mortgages, Property Conveyancing, Property Market Comments Off on The Impact of General Elections on the UK Property Market

General elections in the United Kingdom are significant events that shape the economic, political, and social landscape of the country. One area that is particularly sensitive to the outcomes of such elections is the property market. The interplay between government policies, economic confidence, and market dynamics can lead to various shifts in property values, transaction volumes, and investor sentiment. This blog post will delve into the various ways general elections influence the UK property market, exploring historical trends, potential policy changes, and the implications for different market segments.

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How do I find out the boundaries of my property ?

June 4th, 2024 HIP-Consultant.co.uk Posted in Land Registry, Legal 1 Comment »

There may be some instances whilst you are living in your home that you want to know the boundaries of your property. You may be looking into an extension on your home or you may have some extravagant landscape gardening in mind. It is important that you understand the rules behind property boundaries in the UK to avoid any property boundary disputes.

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Property conveyancing and legal process – Part 2

April 17th, 2024 HIP-Consultant.co.uk Posted in Guest Articles, Land Registry, Property Conveyancing, Property Market 4 Comments »

In part 2 of our property conveyancing guide we look at what is involved in the closing stages of the home buying and selling process. You may wish to read Part 1 of the Property Conveyancing Guide here.

Signing the contract

signing contractOnce your lawyer is satisfied that all of his enquiries have been dealt with; he has seen satisfactory search results and he is in possession of his copy of the formal offer of mortgage you will be invited to sign the contract and various other papers. This will either be in person or through the post. You should also receive a report, often called a “property report” at this stage which will set out any salient points arising from the searches and enquiries.

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Property conveyancing and legal process – Part 1

April 2nd, 2024 HIP-Consultant.co.uk Posted in Guest Articles, Land Registry, Property Conveyancing, Property Market 5 Comments »

What is “conveyancing”? – Simply, it is the legal process of transferring ownership of land and property.

Instructing a lawyer

Once you have decided on a property, made an offer and had that offer accepted it’s time to instruct a lawyer. This can be either a solicitor or a licensed conveyancer. You should try not to pay over the odds for property conveyancing work. When obtaining a quote you should be given a fixed fee but ask for a list of any additional fees charged for different aspects of the transaction.

Instructing a lawyerSome firms might charge an extra fee for completing the SDLT1 form for example, even though this will not need to be done in every case. These additional fees can really push up the final bill. An average bill for professional fees only (i.e not including addtional search fees, land registry fees etc) would probably be around £300-£400 at the moment.

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What are the Conservative’s plans for stamp duty?

December 21st, 2019 HIP-Consultant.co.uk Posted in Housing Policy, Property Conveyancing, Property Market Comments Off on What are the Conservative’s plans for stamp duty?

With a brand-new majority government, the Conservative Party now has the mandate to carry out some sweeping reforms and this could well include an overhaul of stamp duty.

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Transfers of Equity and Legal Ownership of a Property

March 1st, 2019 HIP-Consultant.co.uk Posted in Land Registry, Property Conveyancing, Property Market Comments Off on Transfers of Equity and Legal Ownership of a Property

A transfer of equity is a transaction where legal ownership of a property changes hands but at least one of the original owners remains on the title. For example where a couple transfer it into the sole name of one or other of them or a person is added to the title.

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Are You and Your Family at Risk from Radon?

June 4th, 2014 HIP-Consultant.co.uk Posted in Environmental Searches 1 Comment »

Responsible for the deaths of more than 1,000 people every single year, radon gas is the silent killer that could be finding its way into your home every second of the day, and yet still so many people fail to recognise or understand the risks of this poisonous gas.

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Conveyancing Referral Fees – Money for old Rope?

May 1st, 2014 HIP-Consultant.co.uk Posted in Buying Property, Property Conveyancing, Selling Property Comments Off on Conveyancing Referral Fees – Money for old Rope?

The property market is on the up again and that can only be good news for everyone. Where there is a buoyant market however there will be opportunists swooping in and looking to cream off profits from the unsuspecting general public. The property market is no different. The opportunists we’re referring to here are estate agents and mortgage brokers and the profits are in the form of referral fees.

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