When buying a property it is important to ensure that you inspect everything that you can and that you have surveyed everything that you can’t, such as the structure or the electrics and central heating system. This is because of the principal of caveat emptor – Latin for buyer beware.
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Estate Agents and Sellers Making False or Misleading Statements
April 18th, 2011 HIP-Consultant.co.uk Posted in Estate Agents, Legal, Property Conveyancing 1 Comment »
How Do I Know If a Covenant Can Be Enforced?
March 28th, 2011 HIP-Consultant.co.uk Posted in Land Registry, Property Conveyancing Comments Off on How Do I Know If a Covenant Can Be Enforced?
Covenants are rules which dictate how landowners can use their land. Unlike statutory rules such as those set out in acts like the Town and Country Planning Act or Building Act they are imposed by the original owner of the land, often by a developer when he sells plots on an estate or by a landowner who owns a large estate and sells parts off. As a result covenants are individual to each property.
Finding & Choosing the Right Conveyancer
March 1st, 2011 HIP-Consultant.co.uk Posted in Property Conveyancing, Property Market 6 Comments »
According to surveys, moving home is the third most stressful thing the average person will have to deal with after the death of a loved one and a divorce. As well as this, a home is by far the most valuable purchase or sale then any of us will ever make, so with these things in mind it’s important to choose the right conveyancer. If you are confident your conveyancer is doing a good job you can free to concentrate on organising the hundred and one other things you’ll need to do!
Conditional Exchanges, Options to Purchase and Rights of First Refusal
February 21st, 2011 HIP-Consultant.co.uk Posted in Property Conveyancing, Property Market 1 Comment »
The majority of the time when you are selling a property or when you find one you want to buy, you will want to exchange and complete as soon as possible. This won’t always be the case though. It might be that you want to reserve the right to buy a property at some time in the future, or that you want to give yourself the option to escape the contract if certain conditions are not met.
Conveyancing Checklist For Property Purchase
January 13th, 2011 HIP-Consultant.co.uk Posted in Land Registry, Property Conveyancing, Property Market 9 Comments »
When you are using a conveyancer for the purchase of a property you may be forgiven for thinking that you are able to leave the whole thing in his or her hands; to a certain extent you are right, but you should remember that ultimately it is your purchase and there are certain things for which you must still take responsibility. This is more important these days since it is likely your conveyancer will never actually see the property and may not be from the area.
Investing in Freehold Reversions
December 8th, 2010 HIP-Consultant.co.uk Posted in Land Registry, Landlords, Property Market Comments Off on Investing in Freehold Reversions
All land in England and Wales, whether or not it is registered, has a freehold title. In addition the freehold of a particular property may be subject to a leasehold title. If this is the case then it is the leasehold title that has by far and away the greatest value since it is the owner of this title that has the right to occupy the property for the term of the lease, however the freehold does still have value.
How to Complete the Seller’s Property Information Form
November 30th, 2010 HIP-Consultant.co.uk Posted in Legal, Property Conveyancing 1 Comment »
The seller’s property information form needs to be completed by the seller in every sale. It is an important document and it is important to answer the questions honestly and as accurately as possible.
Using Chattels to Avoid Stamp Duty
November 22nd, 2010 HIP-Consultant.co.uk Posted in Legal, Property Conveyancing 6 Comments »
Chattels are items, such as items of furniture, which do not form part of the fabric of the land or buildings but which are transferred from the seller to the buyer along with the land as part of a conveyancing transaction. They can either be including in the price paid for the property or sold for an additional price but using the same contract as is used for the land.
Securing a Debt Against Another’s Property
November 10th, 2010 HIP-Consultant.co.uk Posted in Legal, Mortgages, Property Conveyancing 6 Comments »
In terms of a person’s assets, land is unique in that a debt can be secured against it without the owner giving up control of the asset. Items can of course be bought on hire purchase agreements but these remain the property of the seller until the debt is paid, and an item can be pawned but the pawnbroker will retain it pending full repayment.
How to Claim Ownership To Land
October 18th, 2010 HIP-Consultant.co.uk Posted in Land Registry, Legal, Property Conveyancing Comments Off on How to Claim Ownership To Land
When the land registry registers a particular piece of freehold land for the first time it will give it one of three “classes” of title. These are absolute, qualified and possessory. Absolute is the best class to have as it is indefeasible, i.e. once it is granted the proprietor is recognised as the absolute owner and no one can challenge his ownership, even if it appears that a person may have a genuine claim to the land.
HIPs a shame for the property market?
October 13th, 2010 HIP-Consultant.co.uk Posted in Home Information Packs, Property Market 3 Comments »
Property prices continue on their downward trend in September for the third month in a row. This downward trend is evidenced from figures released from Nationwide, Halifax and today RICS and certainly not the news those who recently enetered the market will be wanting to hear.