There are many factors to consider when you wish to buy a home, some of which include survey fees, arrangement fees, stamp duty and lender valuations; and these are before you have picked up the keys. Once in, further costs can include reconnecting the electrics, gas and water.There are many costs to factor in.
Costs to Factor in When You Buy a Home
May 27th, 2011 HIP-Consultant.co.uk Posted in Property Market, Top Tips | 2 Comments »
Dealing With Rent and Service Charge Payments
May 25th, 2011 HIP-Consultant.co.uk Posted in Property Conveyancing, Property Market | 3 Comments »
Where a property is leasehold there will usually be a ground rent payable and if it is a flat, a service charge. They will usually be demanded annually or perhaps bi-annually or quarterly. When the property is sold the seller is responsible for amounts due up to and including the date of complete and the seller is responsible thereafter.
Leasehold Property Basics – what you must know
May 17th, 2011 HIP-Consultant.co.uk Posted in Land Registry, Property Market, Top Tips | 3 Comments »
All land in England and Wales has a freehold title (including land that is not yet registered with the Land Registry). All land belongs to the Crown but the owner of the freehold has an exclusive right, in perpetuity, to use and occupy the land or receive rents from it and so for all practical purposes the owner of the freehold title is the absolute owner of the land.
Understanding Conveyancing Law
May 10th, 2011 HIP-Consultant.co.uk Posted in Property Conveyancing, Property Market | Comments Off on Understanding Conveyancing Law
Most of us at some point in our lives will come into contact with conveyancing law (or land law as it is properly known) but most people know little or nothing about it. Many volumes have been written on the subject over the centuries and I certainly don’t intend this article to be a comprehensive lesson on conveyancing but it is intended to provide a background to the law governing conveyancing and some of the ways it affects day to day transactions.
Party Wall Act 1996 – What you need to know
May 3rd, 2011 HIP-Consultant.co.uk Posted in Legal, Top Tips | Comments Off on Party Wall Act 1996 – What you need to know
When considering building a structure on or near the boundary between yours and a neighbour’s property it is important to consider the provisions of the Party Wall Act 1996 to ascertain what your obligations and rights are.
How to finance your dream home abroad
April 28th, 2011 HIP-Consultant.co.uk Posted in Insurance, Property Market | 3 Comments »
If you have decided to purchase an overseas property in France, Spain or elsewhere abroad, there are likely to be a number of finance options available to you. Shop around and speak to an independent financial expert who can help you find the best product to suit your needs. There are some mortgages that allow you to switch currencies during the term, depending on which is most favourable at the time.
Applying & Obtaining a Mortgage in 2011
April 26th, 2011 HIP-Consultant.co.uk Posted in Financial Products, Mortgages | 1 Comment »
The decision to take on a mortgage is a big one and should not be taken lightly. It is likely that you will be repaying it for most of your working life. It’s extremely important therefore to make sure that you get the mortgage that is right for you. You should be prepared to pay a little extra for some good quality independent financial advice.
Why doesn’t one size fits all home insurance work?
April 21st, 2011 HIP-Consultant.co.uk Posted in Financial Products, Insurance | 1 Comment »
How much attention do you pay to the nitty gritty of your home insurance? Not much? Then now might be the perfect time to make a change. The fact is that one-size-fits-all home insurance doesn’t really work for anyone – we’ve all got different needs and different things that need covering.
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 »
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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Holiday Letting EPCs – Are they really required?
April 5th, 2011 HIP-Consultant.co.uk Posted in Energy Saving, EPC | 4 Comments »
On 30th June 2011 a piece of legislation comes into effect that will ensure that an Energy Performance Certificate or EPC is required on Holiday Lettings. This will bring Holiday Lets into line with other properties that need an EPC, such as those currently required on sales and rental basis.
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.