What is the process of selling a property?
201909.12

What is the process of selling a property?

A typical conveyancing transaction has two major phases: the exchange of contracts and completion.  The process for a sale is as follows: Marketing the Property. The transaction begins with the seller putting the property on the market. Once an offer has been placed by a buyer and accepted, the conveyancing process can begin. It is…

What is the process for buying a property?
201908.27

What is the process for buying a property?

A typical purchase transaction has two major phases: the exchange of contracts (when equitable interests are created) and completion (when legal title passes and equitable rights merge). When buying a property, the process to purchase will follow this timeline: The process will begin at the point you (the buyer) find a property and agree on…

Pensions on divorce – Why use a pensions expert?
201908.22

Pensions on divorce – Why use a pensions expert?

Pensions can be the largest assets in a divorce. They are often not fully understood or valued correctly. Understandably couples divorcing are more concerned with being able to afford a home and make ends meet now, rather than thinking about their income when they might retire many years in the future. Often divorcing couples ignore…

The Guildford Legal Walk 2019
201907.29

The Guildford Legal Walk 2019

On Monday 8 July 2019, a team from Gordons Partnership LLP joined the 300 walkers who took part in the Guildford Legal Walk 2019. Hosted by the London Legal Trust, the Guildford Legal Walk is a sponsored 10km through the Surrey countryside. Lead by Mr Justice Robin Knowles, HH Judge Alison Raeside and a team…

The Tenant Fees Act 2019
201907.29

The Tenant Fees Act 2019

The Tenant Fees Act 2019 (‘the Act’) came into force on 1 June 2019 and applies to three main criteria “in connection with a tenancy of housing in England”. Controlling the kind of payments that landlords and letting agents can require Restricting certain third party arrangements Setting out strict regulations for the treatment of holding…

201907.24

What are Conveyancing Disbursements?

Conveyancing ‘disbursements’ are the additional fees and taxes that must be paid to various third parties by a solicitor, on behalf of the buyer or seller. Usually these are paid up-front, although some of the expenses will be added to the final bill and paid at the point of completion. A conveyancer/solicitor will explain all…

First-Time Buyer’s Relief
201907.15

First-Time Buyer’s Relief

Following on from the Stamp Duty Land Tax (SDLT) overview: Schedule 6ZA of the Finance Act 2018 provides that from 22 November 2017 first time buyers can claim relief from SDLT when purchasing properties that do not exceed £500,000. No SDLT is payable on the first £300,000 of the purchase price (therefore properties costing up…

Ground Rent Consultation
201907.10

Ground Rent Consultation

What is Ground-rent? When a Property is sold as leasehold, the buyer is only a tenant with a very long term rental. The ground/land the home is built remains in the hands of the freeholder. The home buyer therefore has to pay an annual “ground rent” to the freeholder and has to ask the freeholder…

What is the difference between Freehold and Leasehold?
201906.28

What is the difference between Freehold and Leasehold?

If you purchase a freehold property, you are purchasing the outright ownership of the property, including the land it is built on (although there are restrictions on the depth of the land beneath the property and the extent of the sky above). The owner of a freehold estate in land has no time limit to…