Residential Property

Residential Property: What does 'completion' actually mean and what will happen on the day?

Congratulations! You have exchanged contracts; this means that a date for completion has been agreed between you and the seller (if you are purchasing) or between you and the buyer (if you are selling). The completion date has been inserted into the...

Community Infrastructure Levy update

Following our recent article on ‘Breach of Community Infrastructure Levy (CIL) provisions and the consequences’ the Planning Inspectorate recently upheld a Local Authority’s decision to charge CIL (a tax payable on new housing development)...

Buyer Beware: A cautionary tale for "off-plan" buyers.

Williams & Anor v Broadoak Finance Ltd & Ors [2018] A recent High Court decision provides a salutary lesson to new build purchasers. When a property developer became insolvent midway through a new development of 62 apartments, the administrators...

Good news for developers

High Court decision reinforces presumption in favour of sustainable development. Good news for developers from a High Court decision handed down in July.  Developers know that registration of land as a Town or Village Green (TVG) effectively kills...

A hindrance to development? - Undeveloped land can be listed as an Asset of Community Value despite use by trespassers

Banner Homes Limited v. (1) St Albans City and District Council and (2) Verulam Residents’ Association [2018] EWCA Civ 1187 A recent case before the Court of Appeal has set a worrying precedent for Developers who seek to acquire or already own...

Update: Breach of Community Infrastructure Levy (CIL) provisions and the consequences

Developers should take note of a recent Planning Inspectorate decision on triggering CIL liability. CIL is effectively a tax payable on new housing development to contribute towards investment in the local community (e.g. education and healthcare services)....

Conveyancing fraud - Who bears the burden?

The highly anticipated appeal decision in the case of Dreamvar v Mishcon de Reya LLP regarding fraudulent property sellers was finally concluded this month, causing a mixed response from organisations and conveyancing professionals alike. Background The...

First time buyers' stamp duty relief

When was the relief introduced? In the Autumn Budget, a relief for first time buyers was announced in respect of Stamp Duty Land Tax. The relief applies to purchases from 22 nd November 2017 for residential properties up to £500,000.00. For the...

Why Should I use a High Street Firm for my Conveyancing?

Buying your home will most probably be the biggest investment you make in your lifetime, not to mention one of the most stressful times. You therefore want to ensure that you make the right decision when it comes to choosing a solicitor to represent you....

Leasehold Property - What exactly am I buying?

In England and Wales there are two types of property ownership; Freehold or Leasehold. Flats are leasehold properties as you do not own the land the flat is built on or the building your flat is in. Ownership of a flat usually relates to everything within...

The 'Bank of Mum and Dad'...

The Telegraph has recently advised that 34% of first time buyers receive money from their mum or dad or other family members towards their purchase. Legal and General has advised that last year over five billion was gifted or loaned by family members...

Fraud is on the increase, protect your property!

Fraud is on the increase; over the last few years fraudsters have become extremely clever, there is a rising number of incidences of fraudsters targeting properties. The Land Registry have stated that “ since 2009 they have successfully prevented...

How much does it really cost to buy?

Buying a house is probably one of, if not, the most expensive purchases you will make. However, have you considered all of the additional fees and expenses you will need to pay on top of the house price? We list below the additional fees and expenses you...

The Top 10 Reasons You Should Use a Local Estate Agent

You will no doubt have seen and heard the recent adverts that are encouraging people to use the “cheaper” online estate agents rather than the traditional high street branches, but should we really be diverting our business away from small,...

How could the higher SDLT rate affect you?

In April 2016 the Government introduced a higher rate of Stamp Duty on purchase of additional residential properties. We are now 7 months in to this new scheme and there still seems to be a significant lack of awareness about this new policy which can have a...

Fact or Fiction? Each home owner is responsible for maintaining the fence on the left-hand side, as you look at the property from the road.

This is FICTION. There is no general rule about whether you own the fence on the left or the fence on the right of your property. The truth of the matter is as follows: The first place to look to see which boundaries you own and are responsible for...

I am purchasing a property in a Conservation Area, will this affect my purchase?

What is a Conservation Area? A Conservation Area is an area  "of special architectural or historic interest, the character or appearance of which it is desirable to preserve or enhance". I am purchasing a property in a Conservation...

Forces Help To Buy: Help to get on the property ladder

What role does a solicitor have in the conveyancing process? A conveyancer is an integral part of selling and buying your home and acts as your source of guidance and knowledge throughout the transaction.  Your conveyancer will deal with all the legal...

Seven steps to buying and selling your home

Whether you are a first time buyer, moving up the property ladder, buying property for investment or selling a property, moving home can be a rollercoaster ride. A real mixture of worry and excitement. At Goughs, we're with you every step of the way to...

"I'm sure they're here somewhere..." Lost Title Deeds

So you’ve been living at your current property for years  and have finally decided that it is the right time to move house. You may be downsizing after all your children have flown the nest, you may be upsizing due to the growth of your family...

Conveyancing: What insurance do I need and when?

It is advisable to have both buildings and contents insurance. What is the difference? Quite simply it is in the name! Buildings insurance insures the property against any potential damage which could affect its condition and structural integrity, such...

Should I buy or should I rent?

Times Have Changed With the Government keen to get people on the housing ladder, buying a property has never been so achievable for first time buyers. With mortgage rates being at a record low and the increasing number of housing schemes like ‘Help...

Moving House: When can I book my removals?

It is a question most sellers/buyers ask their Conveyancers, but read on as we explain why sooner is not always better than later… We advise that you do not book removals until you have exchanged contracts on either your sale or purchase or both!...

Will you need to instruct a solicitor or conveyancer if you remortgage your property?

Yes! Lenders will require you to instruct a solicitor or conveyancer to act for them and you, the borrower. Read on to find out why…. Why? Your lender has specific requirements and instructions which your conveyancer will need to meet on their...

Homes Under the Hammer: Selling a Property at Auction

Buying or selling a house at auction is becoming an increasingly popular alternative to the traditional route. In August last year it was estimated that 5% of properties are being bought through an auction...and the figure is set to rise! Any property can...
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