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Chris  Pease

Chris Pease

Joint Senior Partner and Head of Residential Property
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Posted:

Generally speaking these days if you own a flat and the remaining length of the lease is anything less than 75-80 years then you should consider extending the length of the lease. Indeed if at all possible you should extend it before the remaining term dips below 80 years since after that the cost of extending is likely to be higher.

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Generally speaking these days when a developer builds a new housing development he will include in the conveyancing documents things known as “restrictive covenants”. Basically these are rules about how the property can be used. They remain binding on the property for ever and therefore do not just have to be complied with by the first people who buy the property but by all subsequent owners as well.

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It is the question that everyone asks and lawyers always find really difficult to answer. Everyone seems to know that the conveyancing process can be slow and uncertain.

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In the budget back in November 2017 the government announced an important change in stamp duty (SDLT) as it affects first time buyers.

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We are all guilty of it.

We have found the property we want to buy and we just want to get on with organising our lives and buying furniture and other stuff to go in it.

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If you own a flat and want to sell it then you need to remember that the process will be more complicated than it would be with a freehold house.

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Second properties which are let by the owner or empty properties (for example where the elderly owner is now living in a nursing home) are particularly vulnerable to property fraudsters.

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Anyone considering building a new property or extending their existing property needs to give consideration to the possible impact of their proposals on neighbouring properties, and the "right to light".

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Landlords are being advised they cannot afford to ignore changes to energy efficiency laws, as debate continues about the likely impact of reforms on the rental sector.

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Britain’s decision to leave the European Union (EU) has already had a noticeable ripple-effect on the country’s housing market – and the future could hold numerous complications for homeowners and first-time buyers.

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Last December, British homeowners tapped into a staggering combined property wealth of £837 million – marking the largest amount of equity withdrawal over the Christmas period in the last nine years. According to property experts, 2015’s historic low interest rates encouraged homeowners to remortgage on to a cheaper deal, with the average equity figure withdrawn via re-mortgaging per person sitting at a very healthy £30,361.

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Effective from 20 March 2014, Her Majestys Revenue and Customs (HMRC) have implemented a new Stamp Duty Land Tax Band for residential properties bought by Non-Natural Persons.Residential properties bought by Non-Natural Persons with a value of...
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‘ Help to Buy ' is a phrase that has gained a lot of popularity and publicity in recent years, particularly in the press. But what does it actually mean and how can it be of interest to you? Here, we hope to dispel some of the uncertainty and...
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When you choose a solicitor to help you move home you will probably expect all conveyancing solicitors to be technically competent. In the vast majority of cases they are, and there are many surveys to confirm the high satisfaction levels of clients...
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According to a recent survey the cost of renting a property rose to a record high in August after five consecutive months of rises. Why are rents so high? One reason appears to be that not enough homes have been built not only in recent years but dating...
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Nationwide have announced a ‘surprising jump’ in their latest house price survey for August. A rise of 1.3%. The largest monthly rise since January 2010. How do they know? Are they right? Both Nationwide and Halifax publish...
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Mortgage fraud continues to be a major problem for Britain’s mortgage lenders but one that they do not talk about very much. There are no official figures for the extent of mortgage fraud, but unofficially it is thought to run into billions of pounds...