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MenuBuying a home is an exciting prospect for the majority of first-time buyers but, of course, it is likely to be the most expensive purchase they will ever make and there are a number of associated costs which need to be included in the moving budget as well as the cost of a residential conveyancing solicitor’s services. Continue reading →
Purchasing a property is one of the biggest financial outgoings people undertake in their lives. Nevertheless, in 2014 buying a home was still more popular than renting, with almost 70% of people in the UK owning their home. Continue reading →
The fact that you don’t have a home to sell before purchasing a property is viewed by many estate agents as a great positive. Without being reliant on a chain of transactions, your purchase will probably be less complicated than when someone needs to sell their current home as well as buy the next. Continue reading →
When a person chooses to sell a property, they will go through three main stages of residential conveyancing and different tasks need to be completed at each stage to ensure that the property legally transfers ownership from the seller to the buyer.
Foreigners who are purchasing high value properties in the UK, particularly in London, are exposed in greater measure to inheritance tax, particularly if the properties have future growth potential. Continue reading →
Stamp Duty Land Tax (‘SDLT’) on residential properties has historically operated on a ‘slab’ system, meaning that a single rate of tax was charged on the whole amount of the transfer price, depending upon the rate applicable within the relevant charging band. Continue reading →
Healys LLP’s Brighton office today announced the expansion of its property team with the addition of two new members of the team. Continue reading →
Few bank managers back in 2006 were aware of the consequences of their customers signing the terms and conditions of the Swiss Francs mortgage; and even fewer bank employees were in a position to explain the dangers that this product had for their clients. Continue reading →
You’ve got a mortgage and bought a property. You probably think that rent will be a thing of the past and that you will be free to allocate your money to repairs and maintenance as and when you are able. However if you’ve bought leasehold property you will not be the owner of the building in which the property is located; and it is the freeholder who owns the building. Continue reading →
With house prices on the increase selling your home might look like a great idea. Most people however are unaware that when selling a home you may have to pay tax on the profit made from the sale; particularly when you, together with your spouse or partner, have more than one property or are fortunate enough to split your time between a town and country residence. Continue reading →
