You may have seen in a popular newspaper this week, the headline “Man, 64, selling 3-bed home in posh area for ‘£200,000 discount’ – but you have to let him live in it”. Whilst the Newspaper goes on to report this incident as if it is some bizarre unheard-of money-making ploy, local Conveyancers and Property Solicitors recognise that the Newspaper has just caught sight of a home reservation scheme. 

It can seem like an obvious question, but when you’re moving home it can be hard to remember everything that you need to do. So, our expert team of Solicitors in Preston, have put together a list of common things that people forget, but really should remember! 

When selling a property, your conveyancing solicitor will ask you for any deeds and documents that you hold pertaining to your property. Such documents will be required to draft the Contract pack and supporting documents, which the buyer’s solicitor will then review and report to the buyer on. 

So, as a reminder, an Easement is a right over a property which benefits another property (you can read more about them here) and an easement may be granted to continue indefinitely, or for a fixed period of time. Whereas a lease is a contract by which one party conveys land, property services, etc. to another person for a specified period of time, usually in return for payment (you can read more about them here). To confuse matters a little more there is also such a thing called a lease of easements. A lease of easements occurs when someone has a lease of land which they then adapt to grant a lease of rights, but interpreting such a document can create difficulty because sometimes it is not clear whether a lease of easements is granting a lease or creating an easement for a set number of years. 

MG Legal, Solicitors in Lancaster know that Buying your first home can be one of the most stressful times in anyone’s life!  

 

So, let us help by answering one or two of the most commonly asked questions about the Help to Buy ISA: 

When purchasing a leasehold property on your behalf, there are a number of issues and items your solicitors in Preston should be checking up on. The recent case of Gorst v Knight 2018 has brought about a further factor for consideration. 

With the Solicitors Regulation Authority placing increasing demand for transparency within, not just conveyancing, but the legal profession as a whole, there is now to be a new legal helpline.  

 

Introduced by UNU Group, the helpline is in place for individuals to contact for impartial advice, if they are left feeling confused by their conveyance, or any other legal matter ( - something that would not happen, should you choose MG Legal’s conveyancing team to act on your behalf). 

Imagine selling your property for peanuts then discovering that it is a prime site for development. Your Buyer then sells the land or property for millions, and you’re sat wishing that you could get your cut. Or if you were the Buyer - imagine the Seller knocking on your door three years later demanding a cut of the money you have made selling the property on.  

 

MG Legal, conveyancing Solicitors Preston, know that this can be a worrying thought for both sides involved in the transaction. 

More often than not, by the time clients come to instruct a property solicitor, they have a buyer in place, and already know how to sell a property.  

 

However, as a busy Lancaster law firm, our property team deal with a variety of property sales- be that by way of sale on the open market, traditional auction, modern auction, part exchange, home equity release or quick cash sale companies, and are extremely well-placed to give selling advice.