When selling your home, you may recall the expression ‘buyer beware’. But what does this mean, and is it still relevant today? ‘Historically, the buyers in a conveyancing transaction have been responsible for satisfying themselves on a property’s suitability,’ explains Chloe Smart, a Director and the Head of Residential Property with Landsmiths Solicitors. ‘Nowadays though,…

Nearly 10 per cent of land in England and Wales has never been registered at HM Land Registry, usually because the owner bought the property a long time ago or inherited it. ‘If your property is not registered, this should have little or no impact on you on a day-to-day basis. However, it could put…

As mortgage interest rates remain high, more homeowners are struggling financially. While a repossession is a last resort for lenders, the number of them is increasing and the trend looks likely to continue. However, it is an ill wind which blows nobody any good. If your own finances are sound, buying a repossessed property could…

Rising interest rates have dominated the headlines recently, with the Bank of England estimating a million households could see their monthly mortgage repayments increase by £500 over the next three years. If you are affected, you may even be thinking about giving up your property so you will no longer have the burden of a…

A home with outside space appeals to many of us, but it may be hard to find somewhere affordable with a garden and, even then, you may not want the responsibility of its upkeep. A balcony or roof terrace could give you that much coveted al fresco space without the maintenance headache. ‘It is certainly…

If you take out a mortgage to buy your home, your lender will almost certainly register a charge against it at the Land Registry. The charge does not transfer ownership. However, it will give the lender important rights, including the ability to sell your home if you default on your loan. ‘When borrowing to buy…

With the Renters Reform Bill aiming to strengthen tenants’ rights, and interest rates and economic pressures squeezing property investment returns, more and more landlords are leaving the private rental market. There have been claims in the media of a landlord exodus, and if you are a residential landlord perhaps you have been thinking about selling…

If you are a homeowner, or looking to buy, the very word subsidence may fill you with dread or visions of sinkholes which hit the newspaper headlines. According to the British Insurance Brokers Association, subsidence is a common issue affecting an estimated 20 per cent of homes in some way. But what exactly is it,…

Online auctions, especially the ‘modern method’ of auction, continue to grow in popularity. Last year saw a 40 per cent rise in the value of property sold at auction, much of this online. But what exactly is the modern method of auction, and is it something you should consider? ‘For a seller there are certainly…

If your son or daughter is heading off to university, you may be thinking about their accommodation. With student rents averaging nearly £7,000 a year, you may also want to help financially. For some parents, the solution is to buy a property for their child to live in while studying and possibly to rent spare…

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© Landsmiths Solicitors is a business name of Landsmiths Legal Limited, a private limited company registered in England and Wales under Company Number 12544060 VAT Registration No: 372 8281 77. Landsmiths Legal Limited is authorised and regulated by The Solicitors Regulation Authority firm no. 802873, with its registered office at Stoney House, 26-30 Stoney Street, Nottingham, NG1 1LL. Its Directors are Rachael Briggs, Vikhen Moothia and Chloe Smart.

You can find out more about the Solicitors Regulation Authority including their contact details and professional conduct rules on their website: www.sra.org.uk

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