by Sarah Howe | Mar 19, 2024 | Uncategorized
In the past year or so, nearly everyone with a mortgage has experienced a hike in their monthly repayments due to the rise in interest rates. Coupled with the cost of living crisis, more and more people are finding it hard to keep up with their monthly outgoings. It’s...
by Sarah Howe | Mar 4, 2024 | Uncategorized
If you want to sell a property that is currently occupied by tenants, you have two options: Sell the property with the tenants still living there. This means the buyer will take over the tenancy and collect rent from the current tenants. It’s a ‘buy-to-let’ scenario,...
by Sarah Howe | Feb 19, 2024 | Uncategorized
Fixed rate mortgages used to be in the range of 1-2% interest. But as we all know, interest rates have been steadily climbing since 2022, and hit their current rate of 5.25% in 2023. Sadly, that means those low interest rate mortgages are probably a thing of the past...
by Sarah Howe | Feb 3, 2024 | Uncategorized
A restrictive covenant (in conveyancing terms) is a promise not to do something on your land or property. It might be something like a prohibition against: Altering the property. Maybe you can’t build an extension or convert the house into flats Operating a trade or...
by Sarah Howe | Jan 28, 2024 | Uncategorized
When you’re buying a property, you might come across an ‘easement’ over the land you intend to buy. It’s one of those legal words that isn’t frequently used in everyday language, and needs a bit of explanation. What is an easement? In legal terms, an easement is a...
by Sarah Howe | Jan 6, 2024 | Uncategorized
As a seller, it’s stressful to be in a situation where your buyer guzunders you at the last minute. That’s when a buyer drops their offer for the purchase price of your property, just before you exchange contracts. It’s not the same as ‘guzumping’, which is when the...
