Residential Property

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Accessing Your Own Land

Prior to the introduction of revised procedures (set out in regulations under Section 68 of the Countryside and Rights of Way Act 2000 , which came into effect in July 2002), people who had to cross common land in order to reach their homes were sometimes...

Bank of Mum and Dad Lending Issues

Tthe 'bank of Mum and Dad' is  unsurprisingly one of the leading sources of finance for house purchase – it was estimated that 300,000 mortgage deposits were provided by parents of property purchasers in 2016. The survey, sponsored by the Centre...

Buying Abroad - Considerations

More then 400,000 Uk citizens own properties abroad. If you are thinking of joining them, here ar some of the main issues: as well as it being essential to take independent and high quality legal advice, there are several other considerations you should be...

Buying a House and Consumer Protection

With the appointment of a Property Ombudsman , the laying down in statute of the duties of estate agents and the passing of the Consumers, Estate Agents and Redress Act 2007 (CEARA), a property purchaser might reasonably conclude that their interests are...

Fact Sheet - Disclosure to Mortgage Lenders of Incentives for Buyers

This fact sheet provides guidance for those involved in the development of residential properties whether new builds or conversions of existing properties . On 1 September 2008, the Council of Mortgage Lenders (CML)  introduced new procedures in...

Guide to Law on Squatting in Residential Premises

After carrying out an extensive consultation exercise, which closed in October 2011, squatting in residential properties has now become a criminal offence. Criminal squatting occurs when: a person knowingly enters a residential building as a...

How Do We Set Up a Commonhold?

Commonholds are a relatively new way of holding property and will be attractive to some flat owners who wish to take the ownership and management of the freehold of their block of flats out of a management company. They may also become increasingly common in...

Leaseholders' Right to Manage

Since 2003 qualifying leaseholders have had the right to take over the management of their block of flats from their landlord, under provisions made under the Commonhold and Leasehold Reform Act 2002 . Leaseholders who take advantage of this right have more...

Mortgage Exit Administration Charges - Consumer Redress

When you ask for a redemption statement from your mortgage lender, it can come as an unpleasant surprise to see an additional charge termed ‘mortgage exit administration fee’ (MEAF), which, while it will be shown in the mortgage offer letter, is...

Selling Your House and Land: Tax Tips

Most people buy and sell the property they live in without any thoughts about tax (other than, perhaps, Stamp Duty Land Tax). However, there are some circumstances in which selling the property you live in can cause tax problems. Some of the main ones are: ...
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