The Perils of Payday Loans

September 18th, 2012 HIP-Consultant.co.uk Posted in Financial Products | Comments Off on The Perils of Payday Loans

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 | Comments Off on Do you really have to move home on a Friday?

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 | Comments Off on Service Charge Payments – Bankruptcy of Managing Agent

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 | Comments Off on Buying a House in a School Catchment Area

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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Considering a Move to Kent?

August 23rd, 2012 HIP-Consultant.co.uk Posted in Guest Articles, Property Developers | 2 Comments »

As Home Counties go, Kent is definitely one of the prettier ones and is often referred to as the Garden of England – with good reason. The coastline is absolutely stunning and it’s the ideal place to live if you and your family are fans of long walks in the countryside, cycling or horse riding. Wherever you live in the county, you’re never too far from a green field or some woodland where you can go tramping about at the weekend to get some fresh air and exercise.

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What Happens to Your Property When You Die

August 21st, 2012 HIP-Consultant.co.uk Posted in Legal, Property Conveyancing | 2 Comments »

Despite the ready availability of wills and will writing services, most people in the UK, about 70% in fact, die “intestate” (without a will). People may make their wishes know to family and friends and hold on to a romantic notion that those wishes will be respected, so that there is really no need to go to the expense of having a will prepared. Unfortunately, this is all too often not the case. Many people put off writing a will because they find it morbid, a reminder of their mortality, however you should bite the bullet and get it sorted, especially if you own your home.

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Learn more about Shared Ownership Schemes

August 18th, 2012 HIP-Consultant.co.uk Posted in Mortgages, Property Developers, Property Market | 1 Comment »

The government’s shared ownership scheme is in place for those who want to buy a property of their own, but just can’t afford to. In these schemes, people are offered the chance to buy a share of their home, paying rent on the share that is leftover.

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