The usual procedure is for the buyer’s solicitor to make a series of enquiries to the managing agent before a sale is agreed. This is so the prospective buyer can understand the “risk” of purchasing the property. There are many factors that can influence the risk and cost of ownership associated with leasehold property ownership […]
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Understand the role of your solicitor – You get what you pay for The conveyancing process has become somewhat commoditised with many law firms operating a “bucket shop” model. This entails one solicitor overseeing a large number of “conveyancing assistants” who will generally not have had anything like the level of training of that of […]
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Check the lease You should ensure that the Lease lows you to sublet the property. There may be a pre-condition that you must obtain consent from your landlord or some other party before subletting. This means that you cannot sublet without first obtaining consent. Such consent should not be unreasonably withheld. If your lease does […]
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There are a multitude of articles in relation to advice on property investment. The scope of this article is to focus on leasehold property as an investment and attempts to cover areas specific to investment in leasehold property. Look at the underlying finances of the development With a freehold property you will usually have to […]
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Here are a few simple points for you to consider when preparing for your work and choosing your contractor. Before you start Contact your local council planning department to check whether or not you need any consents to be granted – Planning and/or Building Regulation approvals. Don’t assume a contractor will possess this knowledge Choosing […]
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