The government has recently proposed a ban on selling new build houses on a leasehold basis, in addition to cutting ground rent to zero. The ban follows widespread media coverage on pervading onerous terms in residential leases, resulting in doubling ground rent every decade and freehold costs rocketing when purchased by third party investors. Such leases […]Read more "The Leasehold Scandal"
Mr Williams and Mr Waistell, two neighbouring property owners in South Wales brought claims against Network Rail for common nuisance when one of them could not sell his home due to the presence of Japanese Knotweed. Japanese Knotweed had come from adjoining Network Rail land where it had existed for around 50 years. Roots had […]Read more "Japanese Knotweed: Williams v Network Rail (2017)"
This gorgeous multi-hued bouquet was given to me by a repeat client. She had previously purchased a buy-to-let flat and employed my services again in relation to the sale of her £1.1 million pound house in Brixton. I didn’t even know she owned high value property when she first used me which goes to show […]Read more "Storytime #4"
Those looking to buy their first home can now save money into a Help to Buy ISA to assist with saving towards their purchase. The Government has committed to boosting ISA savings by 25% up to a maximum bonus of £3,000. The bonus cannot be used as part of the deposit but must form part […]Read more "Help To Buy ISAs"
Chancel Repair is often and easily overlooked or misunderstood. If your client has bought a property for consideration and registration has been completed by the Land Registry without or before the Parochial Church Council registering their interest on the Official Copy of the Register, the risk of chancel repair liability no longer arises. Any property, […]Read more "Chancel Repair Indemnity"
When acting for Buyers and dealing with the possibility of excess service charges for leasehold properties, you may wish to agree a reasonable clean break allowance in favour of the Buyer, in lieu of a retention (having taken client’s instructions first, of course). A suggested clean break allowance clause for insertion into a contract is […]Read more "Clean Break Allowances"
I recently sought some guidance from a senior colleague where I was instructed to act for a Buyer, whose seller was selling under a Power of Attorney. She armed me with the following information and I hope this also assists you! It is not controversial to accept a sale under a Power of Attorney. This […]Read more "Buying from Seller under Power of Attorney"