The information you must provide when selling your home

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 Deirdre McSorley, residential property solicitor with James Mc Nulty & Co. ‘Nowadays though, the situation is more complex. There [...]

Selling a property quickly to get out of a mortgage

Rising interest rates have dominated the headlines recently, with banks estimating a many 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 mortgage. ‘Becoming mortgage-free would certainly help ease [...]

Buying a property with a roof terrace or balcony

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 an attractive proposition,’ agrees [...]

Conditional gifts – allowing for everchanging future possibilities in your will

Deciding who should inherit from you in your will, how much they will get and in what shares, are big decisions to make. This can be made more difficult if you have particular concerns about a beneficiary and whether the inheritance could be at risk. ‘Second marriages, family disagreements, or children who have a lot of debt can all [...]

Charge on your property

What is the registered charge on a property? 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. [...]

Selling property if you are a residential landlord

As interest rates and economic pressures squeeze 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 up too. ‘The environment for landlords is certainly very different from a decade ago,’ [...]

Selling a property through the modern method of auction

Online auctions, especially the ‘modern method’ of auction, continue to grow in popularity. Last year saw a 40 percent 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 some advantages to the modern [...]

Is now a good time for first-time buyers?

If you are looking to own your first home, you may wonder whether or not now is a good time to buy. On the one hand, the increase in property prices seems finally to have stalled. On the other, living costs and interest rates have risen sharply. Add to this the uncertain economic outlook and it is hard to [...]

Legal steps to consider when diagnosed with a life-limiting illness

On top of the heartbreak and worry that a diagnosis of a life-limiting illness can cause, there will be a raft of concerns and uncertainties about your care and financial affairs and it can be difficult to know exactly how to prepare from a legal standpoint. ‘There are steps you can take to ensure that your care runs smoothly [...]

Planning your legacy through charitable giving in your will

There are many reasons why someone might choose to leave money to charity in their will. Tax planning may be a key incentive, or it could be due to a lack of close family members. Some may simply wish to create a longer lasting personal legacy or they might have strong feelings about a certain cause. ‘Last year, Fisherman’s [...]

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