Buying a property will probably be your biggest single investment, so it’s important to do it properly so you could enjoy yourself without experiencing any encumbrances, such as people that you have nothing in common knocking on your door and claiming rights to your property. The key is getting all the facts about a property early on so that you can make an informed decision about whether you want to buy. Continue Reading
Written by Vincent Corleone @ v2lawblog
Property is steeped in often confusing legal terminology. When looking at property it is important to know the difference between Freehold and Lease hold two different types property or land ownership.
Leasehold: A title of ownership of property (usually a flat) for a fixed term but not the land on which it stands. Possession of the property will be subject to the payment of an annual ground rent. When the lease expires, ownership of the property reverts back to the freeholder. Nearly all flats in London are leasehold. Continue Reading
Property is one of the UK’s most exciting and challenging business sectors, and is once again starting to attract new investment not only from institutions, property companies and funds but also from smaller organizations and private individuals. By its inherent nature and value, property can generate substantial returns but is equally capable of incurring substantial losses and even – for the inexperienced or poorly-advised investor – civil or criminal liability. Continue Reading