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Understanding Leasehold Properties

Leasehold properties tend to be flats, but this ownership status can also apply to houses too, particularly if they are bought as part of a shared-ownership scheme or sometimes if they are listed. It is important to know if the property you're considering buying is freehold or leasehold, as it affects your rights and responsibilities and also can affect the...

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Understanding Freeholds

It is important to understand the difference between freehold and leasehold properties when buying a new home, as each status relates to ownership rights. The terms usually relate to flats and apartments where there may be some shared communal areas, requiring management, management of the lease(s), and shared responsibilities on the external structure and fabrics of the building and buildings insurance....

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Questions to Ask When Buying a Property - Part 2

When you buy a new property, it is essential that you carry out a full due-diligence process. The structural stability of the home, the suitability of the location and the legal issues will be covered by your surveyor and solicitor, but it is your role to engage with the seller and find out as much as you can about the...

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Questions to Ask When Buying a Property - Part 1

Always do your due diligence when buying a property. Here are five initial questions to get you started. 1. Establish the Seller's Position You will need to know whether or not the seller is genuine about selling. If you sense that the seller is in a rush to sell, there may be some flexibility on price. Look for any warning...

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Fraudulent Mortgage Applications on the Rise

Research shows that a greater number of property buyers are falsifying their credit and employment histories to secure mortgages. In fact, the phenomenon of mortgage application fraud - an illegal activity - has risen by an estimated 9pc in the past year, according to figures from Experian. Amateur Fraudsters Breaking the Law The analysis found that the vast majority of...

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How Neighbourly Disputes Can Dent Your House Value

Did you know that disputes with neighbours could slash the value of your home? Research shows that a surprisingly high number of people are heading to the courts to settle these types of disputes, with nearly 30pc of people over 50 having been involved in such cases. Almost 40pc of these clashes were related to issues such as arguments over...

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