What Happens If You Get Caught Living in Your Buy to Let? Living in a buy-to-let property that you have financed with a buy-to-let mortgage is considered mortgage fraud, as buy-to-let mortgages are meant for investment properties that will be rented out. If you are caught living in the property by your lender, there […]
What Can Go Wrong Between Exchange And Completion? While most transactions complete smoothly, several issues can arise between exchange and completion. Stay organized, communicate clearly, and plan ahead to minimize risks. Know your options if problems occur. With preparation and expert advice, you can navigate this tricky stage of the home buying/selling process. Between the […]
What Is Search Validation Indemnity Insurance? Search indemnity insurance is a type of insurance policy that provides cover for losses arising from adverse entries or other issues that would have been revealed if local authority or other searches had been carried out prior to the completion of a property transaction. It protects the buyer, lender […]
What Documents Do Solicitors Need When Buying A House? When buying a house, solicitors require several documents to facilitate the conveyancing process. When buying a house, there are several key documents that solicitors will require from both the buyer and seller. Here is a comprehensive list of the documents you will need: Proof of ID […]
Worst Month To Sell A House UK The worst month to sell a house in the UK is generally considered to be November and December. This is primarily due to the holiday season when many people are focused on other things, and the weather can also be a deterrent for potential buyers. Additionally, the end […]
What Is A Deed Of Covenant When Buying A House? A deed of covenant is a legal agreement between two parties, typically the owner of a property (the “covenantor”) and a beneficiary (the “covenantee”). It sets out obligations that the covenantor agrees to meet regarding their property. Deeds of covenant are commonly used when selling […]
What Are Draft Contracts When Buying A House? A draft contract in the context of buying a house is a preliminary document that outlines the basic terms of the prospective sale. It is prepared by the seller’s solicitor and includes information such as the price, deposit, and any relevant details from the title deeds. The […]
Seller Pulling Out Of House Sale Before Exchange Yes, a seller can pull out of a house sale before contracts are exchanged without facing legal penalties. While there is no legal obligation to complete the sale before exchange, it is still disruptive and costly if one party decides to pull out without good reason. It […]
How Long Do Enquiries Take When Buying A House? In general, enquiries are one of the earliest steps in the conveyancing process and typically take around 1-4 weeks to complete The length of time enquiries take when buying a house can vary depending on several factors, including the complexity of the transaction, the responsiveness of […]
What Happens After Enquiries When Buying A House? An enquiry responses progress the sale towards the critical exchange of contracts, after which the transaction is legally binding. Here’s a quick overview of what typically happens after enquiries have been made when buying a house: The seller’s solicitor will respond to the enquiries raised by the […]