Your House is Sitting Over a Mine – What do you do?

October 4th, 2012 HIP-Consultant.co.uk Posted in Land Registry, Local Authority Searches, Property Market | No Comments »

You’ve recently discovered that your house is sitting on top of a mine; or you’ve known all along but you’ve never really been concerned about it, but now, your house is starting to sink – what do you do? Sadly, this isn’t just the stuff of nightmares, this is something many people have had to face and will have to face in the future. With so many mines in use and disused across the UK (171,000 coal entries are recorded, but it is thought that there could be more), houses are sinking all the time, but would you know if this was happening to you and what can you do?

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5 Positive Things about the Current Property Market

October 1st, 2012 HIP-Consultant.co.uk Posted in Property Market | 2 Comments »

For most people, their home is the most valuable thing they will ever buy. So the current difficulties in the housing market are indicative of just how hard the economic times are in which we live. House prices are falling, so-called second steppers cannot afford to move up the ladder to larger properties, huge deposits are required to get a mortgage, and the list goes on.

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Start Dealing with Debt Today

September 26th, 2012 HIP-Consultant.co.uk Posted in Financial Products, Legal | No Comments »

Being in debt can be one of the most frightening experiences there is. If you’re in debt you can end that fear – right now. Not tomorrow, not next week, not ‘when I get a chance,’ – literally in the next few minutes. Being in debt can mean a future full of uncertainty and worry so understanding how to start tackling debt can end all that and put you on the road to a debt-free life.

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The Perils of Payday Loans

September 18th, 2012 HIP-Consultant.co.uk Posted in Financial Products | No Comments »

The adverts promise a solution to your financial worries, with the money in your account by the time your favourite show has returned from the break. Payday loans offer easy money so in the current economic climate it is no surprise to hear that the number of people using this service is on the rise.

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Failed Completion in a Chain of Property Transactions

September 12th, 2012 HIP-Consultant.co.uk Posted in Property Conveyancing, Property Market | 1 Comment »

Exchange of contracts is the point in a conveyancing transaction when everybody becomes legally bound to proceed to completion. Failure to complete once exchange has taken place can lead to heavy penalties on the defaulting party. Conveyancers are well aware of this of course and as a result will ensure that everything is in place for completion before exchange so that their client does not end up in the position of having to default. Nonetheless, occasionally there will be circumstances beyond their control.

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Is There Any Hope for Second Steppers?

September 6th, 2012 HIP-Consultant.co.uk Posted in Property Market | 1 Comment »

It was more bad news for the property market as according to the latest Lloyds TSB study, so-called ‘second steppers’ face the worst market for a generation. Those that are looking to take their second step on the property ladder by selling their first home and moving to a bigger property actually face being locked-in to their current mortgages.

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Avoid the Downturn: Top Tips for Selling Your House

September 6th, 2012 HIP-Consultant.co.uk Posted in Estate Agents, Press Releases, Top Tips | 1 Comment »

House sales have plummeted almost 40 per cent since the peak of the boom five years ago,1 while UK property prices dropped 0.6 per cent in July.2 But according to a leading South London estate agent, Wooster & Stock, there are small steps vendors can take to increase the chance of a quick, smooth and profitable sale.

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Conveyancing Transactions with Exchange and Completion Deadlines

September 3rd, 2012 HIP-Consultant.co.uk Posted in Property Conveyancing | 1 Comment »

Buyers and sellers almost always want conveyancing transactions to go through as quickly as possible. Sellers are keen to get their money and buyers are keen to move in. There are some occasions however where there is a more serious deadline, where either buyer or seller could suffer loss if the deadline is not met.

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Do you really have to move home on a Friday?

August 31st, 2012 HIP-Consultant.co.uk Posted in Property Conveyancing, Property Market | No Comments »

If you are moving home, you will probably want to complete your purchase or sale on a Friday. It is a perfectly reasonable desire, as it allows you the weekend to move in, so you have to take less time off work. This will generally fit in with what everyone else in the chain wants and probably 80% – 90% of conveyancing sale and purchase completions do take place on a Friday.

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Service Charge Payments – Bankruptcy of Managing Agent

August 29th, 2012 HIP-Consultant.co.uk Posted in Landlords, Legal | No Comments »

When purchasing a flat in a block, particularly where there are communal areas such as stairwells and landings, there will usually be a liability to pay service charges (also called maintenance charges). This is an annual payment (though it is often paid in quarterly or monthly instalments) and it is a contribution toward the upkeep of the communal parts of the building and any shared services such as lifts or a concierge. It is paid to the landlord or management company, often via a managing agent.

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Buying a House in a School Catchment Area

August 28th, 2012 HIP-Consultant.co.uk Posted in Guest Articles, Home Improvements, Property Market | No Comments »

We all want the best for our children and their choice of schooling continues to be one of the biggest decisions that parents face – to the extent that families are prepared to buy a new home just to get within a particular school catchment area. In some respects the options available have always been more or less the same, do you send your child to the nearest comprehensive school or to the rather more expensive option of a private school?

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