Completion day is the day that the money (and ownership) for your new home officially and legally changes hands, and you pick up the keys to your new property. There will of course be a lot going on behind the scenes to ensure the sale takes place successfully. So, what should you expect from completion
In the wake of the Covid-19 pandemic, more of us than ever are reconsidering where and how we live. Indeed, according to the Office for National Statistics and Savills, recent trends in the housing market have shown that average house prices in rural areas have risen more than elsewhere in the UK since March 2020
Put simply, when we refer to “local authority searches” in the process of buying a UK property, this means establishing specific background information about said property and the area that surrounds it. The buyer’s conveyancer will request this information from the local authority and a typical search will generally include a search of the Local
Given that your home is generally your most valuable asset and will generate a lot of capital if sold or used to gain a mortgage, there are unscrupulous people out there who may try and take advantage of this fact by transferring the deeds (and therefore ownership) of your property into their own name or
So, you’re thinking about moving house. Before you head online to find your dream home, it’s worth remembering that the cost for the bricks and mortar of your dream home are not the only fees you will incur when you move. There are estate agent fees, conveyancer fees, removals fees and stamp duty to name
For the uninitiated, a property chain is a series of separate property transactions which are all dependent upon each other to ensure each property purchase is completed successfully. If you have a house to sell to fund the purchase of your next home, you will be in a chain with the buyer of your existing
As the name for this stage in the property purchase suggests, when you exchange contracts, this is the point when conveyancers for the buyer and vendor exchange signed contracts and the deposit is paid by the buyer to their conveyancer, ready to be transferred at the point of completion. Once you get to the point
Conveyancing is the act of preparing all the documents to facilitate a transfer of property. Professionals who do this are known as either conveyancers or solicitors, and they form a vital part of the property chain. They keep things running smoothly from a legal perspective and if you haven’t ever sold a home before or if you’re not familiar with the process they can be an absolute boon.
When 72 lives were lost in the wake of the Grenfell Tower tragedy in the early hours of 14 June 2017, a spotlight was shone on the issue of unsafe building materials in blocks of flats and cladding in particular. Grenfell Tower was built in 1974 and similarly to a number of other newly built
As the name suggests, your mortgage in principle is a document from your chosen mortgage lender which states that, subject to your application being successful, they would be happy to lend you the amount of money you have requested. You will often be required to present a mortgage in principle once you have made an
‘Indemnity insurance’ is an insurance policy that ensures compensation to the policy holder for any losses or damages they incur. Professionals in certain fields often have indemnity insurance, which means that if a third party makes a claim against them, the insurance will cover them for this cost. In fact, for some professions, indemnity insurance
For the vast majority of homeowners, a house is by far the biggest asset they will ever buy. Here are the questions you should ask your prospective estate agents before signing on the dotted line, so you know all about the service you can expect. (Hint – with Yopa, it’s everything!) How are fees charged?
