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What’s best for landowners? A promotion or option agreement – it’s just like apples and pears

Posted by , Partner

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A question frequently asked by landowners is what is the difference between an option agreement and a promotion agreement? And which should they enter into?

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Why should you avoid quick-sale estate agents?

Posted by , Associate

The creation of online search portals for buying homes was a game changer for people looking to buy a house but it also changed the landscape for estate agents. But has this change marked an improvement in how we buy and sell houses? 

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Is London still a great place to buy property?

Posted by , Solicitor

There is no denying that in recent times the headlines relating to the London property market have been less than positive.

Headline after headline describe the capital’s property market as ‘fragile’ and ‘stagnant’ – and yet it’s housing market is often considered the envy of every other major city in the UK (and the world). So what exactly is going on with the London property market?

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Chancel Repair Liability – hundreds of years old and still applicable

Posted by , Partner

The rules surrounding chancel repair liability can be traced back hundreds of years – however the ancient liability remains just as relevant to homeowners and buyers today.

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Budget 2018 – 1% SDLT surcharge on residential property for foreign buyers confirmed

Posted by , Partner

Private wealth

Philip Hammond’s budget speech this week confirmed proposals announced by the Prime Minister last month to introduce an additional stamp duty land tax (SDLT) surcharge on UK residential property bought by foreign buyers.

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What will happen if you fail to exchange on a house purchase?

Posted by , Partner

commission on house sale

Exchanging contracts on a house sale can be a highly exciting, but also a stressful time. But what will happen if for whatever reason you fail to exchange? In this blog which originally appeared in The Financial Times, Zainab, our head of the London residential property team explains what this could mean for the house sale?

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Restrictions on use when owning a Leasehold Property

Posted by , Chartered Legal Executive (Fellow)

Owning a leasehold property can be a very complex and daunting venture both for the inexperienced and the most experienced of property owners. Failure to comply with any restrictive covenants contained within a lease can lead to avoidable and unfortunate repercussions due to the leaseholder not fulfilling their obligations.

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Cohabitee wins fight for half of partners £1.7m home

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gdpr vandana chitroda royds withy king

A law graduate who lived with her partner won a legal fight yesterday that will leave her with half of a £1.7m home. The courts awarded Ms Ladwa half of the home despite arguments from her former partner, Ms Chapman, that she had funded the home and their lavish lifestyle entirely. The couple were engaged to be married but separated in 2016.

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Key terms in New Build Conveyancing

Posted by , Solicitor

According to the Ministry of Housing, Communities & Local Government Housing Statistical Release on 28 June 2018; there were 160,470 completions of new build properties from January 2018 to March 2018. This is an 8% increase from 2017.
There are clearly many people purchasing new build homes. However, do these prospective buyers understand the terminology frequently used by their solicitors and the developers?

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Will HM Land Registry be revolutionised by blockchain?

Posted by , Partner

blockchain property land registry

Blockchain has been hailed the second generation of the internet and is better known for being the technology behind cryptocurrencies. The use of blockchain however, goes beyond cryptocurrencies and can be applied to a number of industries. A recent example being, Microsoft and Ernest & Young’s joint project which looks to find a more efficient way of managing royalty payments in the gaming industry. Blockchain is likely to transform a number of industries and property is no exception.

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How to successfully apply for the Help to Buy equity loan

Posted by , Solicitor

Many people find themselves in a position where they are financially comfortable with mortgage repayments, yet cannot save up the necessary deposit to purchase a home. The Help to Buy equity loan scheme offers the opportunity for purchasers to borrow up to 20% of their property purchase price (40% in London).

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It’s not too late…

Posted by , Associate

Whilst the GDPR and the new Data Protection Act are now in force it is not too late to look at your compliance. If the Information Commissioner’s Office does receive a complaint about your data procedures or a breach occurs you will be in a far better position if you are working towards compliance than you would be if you had not put any measures in place.

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