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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…

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…

Covid-19: Help with your mortgage

During these unprecedented times, many homeowners and buy to let landlords will have a fear of what will happen with their home or investment property if they cannot continue to make mortgage payments. Unlike the provisions to protect residential and commercial tenants from eviction, mortgage holidays from UK lenders are (as things stand) not enforced by law. The policy adopted by most lenders is the consequence of an agreement between the government and principle lenders, but, this scheme is voluntary and does not have to be supported by a lender…

Landlords must comply with latest energy standards

Landlords of residential property could face high fines if they do not meet the latest energy efficiency standards.  On 1st April 2020, the latest stage of the Minimum Energy Efficiency Standards was implemented, making it unlawful for landlords to continue domestic residential tenancies where the property has a rating of F or G on its Energy Performance Certificate – commonly known as an EPC. Two years ago, the first stage of implementation introduced the requirement for an E rating or above for all new tenancies granted. Now, that is extended…

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…

Moving home during the coronavirus crisis

We are living in difficult times but as a community we will get through it together. As a firm we recognise the difficulties and the challenges that are being faced by us all in simply going about our day to day business and living our ordinary lives. We have a very busy and thriving property department and it is our wish to keep all our clients informed as to the latest developments in this regard and the advice given by the Government. Firstly, there is no need to withdraw from…

Indoor Radon levels dangerously increasing

Following the recent sequence of protests at Heathrow Airport and Central London, we have witnessed the rise of the Extinction Rebellion movement. Social media and news coverage has very much brought the debate on the unprecedented global climate emergency and the government’s inaction to implement changes to the forefront. However and ironically so, maybe we should be looking closer to home or should I say within our homes. Recent research into the amount of indoor radon concentrations in our homes suggests that the planet’s need to create more energy efficient…

Feathering new nests for fledglings

Exam results have been released and new students know where they will be heading for university.  Following the relief of results day, the next big headache for parents is often the search for accommodation, whether for first-timers or returning students. Faced with high rental costs, shortages and sometimes poor-quality student digs in many cities, increasing numbers of parents are investigating the option of buying property instead of renting, but the different options can make it a minefield.  Explained Property legal expert, Jeremy Lewis of Bowling & Co Solicitors: “For parents…

Old Fees New Rules

The Tenant Fees Act 2019 (“the Act”), is a new piece of legislation banning certain types of fees in relation to the private rental sector, and came into force from 1st June 2019. This is part of a series of reforms to increase transparency within the private rental sector for residential tenants. We explain below who the ban applies to and which fees are banned. WHO THE BAN APPLIES TO? Currently the ban will only affect landlords, agents and tenants in England, in relation to the following types of tenancies: Assured shorthold…

Stepping up to the challenge of the sale board

Homeowners, estate agents and solicitors up and down the country are wondering whether to expect the traditional upsurge in the property market in April and May. It’s not looking very rosy, according to recent figures from the Royal Institution of Chartered Surveyors, whose members reported that they expected sales to fall in the next three months. Overall, their outlook for the housing market was the worst for 20 years, and the lack of clarity around Brexit has shouldered the blame for that, with lack of supply and affordability also affecting…

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