Conveyancing and Property Law

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I recently took a telephone call from a local agent who had been asked by a potential buyer of a leasehold flat to explain residential leasehold property. The buyer knew very little about leases, which is not uncommon because most people have only ever owned freehold houses. In the current economic conditions buyers are being very cautious about where they spend their money and are far less willing to take on the risk of substantial borrowing. It is safe to say...

Mortgage fraud is on the increase and property owners are being urged by the Land Registry to act now to prevent becoming yet another victim. Whilst anyone owning an interest in a property can be a victim of mortgage fraud the following situations pose the greatest dangers: A relationship breakdown Where the owner is abroad or lives away from the property for large periods of time Where the property is empty or bought to let or where the owner is...

If the current difficulties in the housing market persist then demand for rented accommodation will increase, and with it rents. Many people see lettings as a way to increase income during these difficult times and choose to become landlords. Before they do here are 6 points a new residential landlord should consider:- If a landlord grants a tenancy and takes a deposit it must be paid into an accredited Tenancy Deposit Scheme (TDS). Details of the scheme must also be given...