How long does it take to buy a property? Everything you need to know.

Buying a new home is exciting, but you may be anxious about how long the process could take from start to finish. Understanding how long you can expect to wait before you get the keys to your new home can help you to plan both practically and financially. In this post, we set out an estimated duration for each stage of the conveyancing process. Finding your new home (8-12 weeks) Finding your ideal property is possibly the most difficult stage to allocate a time limit as this really depends on…

Renewing a commercial lease – what can be negotiated?

Most lease renewals are governed by the Landlord and Tenant Act 1954, and the rules can be complicated and confusing. However, if your commercial lease is up for renewal, you want to ensure you get the most favourable terms for your business. In this post, we look at the key things to negotiate when renewing a commercial lease to help you understand what terms you might be able to change. How do I renew a commercial lease? If you would like to renew the lease on your commercial property, you…

Coronavirus and residential tenancies – update on eviction procedure

The Government has published an update as to how residential possession matters will proceed following the lifting of the ban on eviction which is set to come to an end on 23 August 2020. Claims have now been split into 3 categories. Stayed claims brought before 3 August 2020 Stayed Claim brought before 22 August 2020 New claims brought after 22 August 2020. No stayed claim will be restarted until a reactivation notice is filed with the Court and served on the Tenant. This will enable the matter to be…

Changes to the Use Classes Order to give greater clarity and reflect the diversity of uses

The Government is making a number of changes to the planning process and one significant update is the changing of the categories of use in the Use Classes Order from 1 September 2020 in England. The aim is to make the Use Class a better fit to the current needs and diversity of uses on the high street and in town centres. The Town and Country Planning (Use Classes) Order 1987 will be amended to include 3 new classes and remove a number of the well-known ones. (See the chart…

Selling or buying property during COVID-19

One thing is certain, the property market has been paralysed by lockdown. However, the tide is turning so if you are looking to put your home on the market or wanting to purchase a property take note. The advance of modern technology has made everything possible now.  360 Virtual viewings are now an option and your agents can be contacted via email, with some offering video consultations. Sellers, if you are, or have been thinking about putting your property on the market – don’t delay. Now is the time to…

Effects of the Tenant Fees Act 2019 from the 1st June 2020 on all residential tenancies

The Tenant Fees Act 2019 (‘the Act’) came into force on 1 June 2019 and imposed limitations on the fees that Landlords and Agents could charge Tenants under Assured Shorthold Tenancies granted by private landlords, tenancies of student accommodation and most licences to occupy housing in the private rental sector in England. It meant that any fees charged outside of the Act were not permitted and consequently banned. The Act has the effect of reducing the costs incurred by the Tenant throughout the Tenancy so as to make the private rental…

Covid-19: Residential properties – Update

The current situation with the Coronavirus (Covid-19) pandemic has created a lot of unknowns and concerns throughout the property market. The Government has made several assurances in the recent news conferences in the past few weeks aimed at both Landlords and Tenants, outlining how both will be afforded assurance and protection in such turbulent times over the coming months. On the 26th of March the Coronavirus Act 2020 was passed, this gave royal assent to many of the measures which were promised. http://www.legislation.gov.uk/ukpga/2020/7/contents/enacted/data.htm Residential tenants now have protection from eviction…

Mum and Dad need to get with it

Parents who help their children get on the property ladder are being urged to adopt a more professional approach when it comes to handing over the cash.  Faced with high rental costs and soaring property prices, more parents are dipping into savings or releasing capital from their own property to support the next generation. Research by Legal & General estimates that a massive £6.3bn was provided last year by the Bank of Mum and Dad – or BoMaD - as it’s known.  The figure effectively makes BoMaD the 11th largest mortgage…

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