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Author Archives: Mahinan Pathmanathan
What Makes Conveyancing Complex?
Conveyancing is the legal process of transferring title (ownership) of a property from one person to another. It is a lengthy process that takes on average around 12 weeks or more, based on the circumstances. The process includes legal and … Continue reading
Roman Law
DIY squatter could become property owner Keith Best spent 10 years renovating a semi-detached three-bedroom property in 35 Church Road, Newbury Park, Ilford. He found the house in 1997, empty and vandalised, and moved in. Best said that during all … Continue reading
Interest Rate Rise
Homeowners anticipate financial hardship due to interest rate rise According to the 2014 Homeowner Survey by the HomeOwners Alliance and Myhomemove, 34% of UK homeowners fear an increase in interest rates, and the subsequent financial difficulties in the payment of … Continue reading
TSB Stamp Duty
TSB offers to help homebuyers by paying stamp duty TSB has brought back their stamp duty offer to help homebuyers who are in the 1% bracket. The bank has offered to help customers with the cost of the stamp duty. … Continue reading
UK Property Market
UK Housing Bubble Fears – What can Bank of England do? Opposing forces are at play in the UK property market. People want to buy houses, but the supply is a bare trickle. What you have now is a market … Continue reading
Lawyers Cutting Corners
Stamp Duty Land Tax Complaints – Lawyers to Blame? The legal ombudsman is receiving a large number of complaints related to conveyancing. In 2013-14, 1500 complaints were received, 300 more than the previous year, with more than £800,000 recovered for aggrieved homeowners. … Continue reading
Ombudsman could hold lawyers accountable for stamp duty
Lawyers may now be held accountable for stamp duty In the wake of the many conveyancing related complaints, particularly related to Stamp Duty Land Tax, the legal ombudsman has released a report discussing who should be held accountable for non-payment … Continue reading
Conveyancing firm plunges into administration
Conveyancing Firm Davenport Lyons Goes Into Administration The prominent London based conveyancing firm, Davenport Lyons, has gone into administration. The firm is now being acquired by the Mayfair based Gordon Dadds. Only a month ago, Davenport’s CEO, Richard Williams, had … Continue reading
All you need to know about Property Auctions
Are you planning to buy property at an auction? In this era of technological advancements, nothing could be easier than buying at an auction. You will not have to wait for months for completing the process of conveyancing; everything will … Continue reading
6 Tips to Find the Right Conveyancing Solicitor
Transferring ownership of property from one person to another involves a lot of legal and administrative work, which is what conveyancing is all about. The seller offers to sell the property and the buyer takes up on that offer. What … Continue reading
Post-completion jobs in Leasehold conveyancing transaction
This article discusses about the steps to be taken after completion of leasehold conveyancing transaction. Stamp Duty Land Tax (SDLT) Ideally, SDLT is payable on the premium and the rent. But with respect to an assignment, SDLT is payable on … Continue reading
The parcels clause and description of the premises in leasehold conveyancing
Certainty The lease should contain in precise words as what is transferred and what is not. This is particularly important in the case of lease of offices and flats that are a part of a larger block. It should be … Continue reading
Important easements in lease agreements
Access and services The lease should also discuss the ancillary rights pertinent to the property. When leasing a flat (or similar such unit where only a part of the property is let) the tenant should be allowed the necessary easements … Continue reading
Completion process of leasehold conveyancing transaction
The process of completion of leasehold is the same as completion of freehold transaction. Here are a few things that should be taken care of during completion. Documents to be handed over upon completion The seller will have to hand … Continue reading
Rent and rent review in flat lease agreements
Rents on flat leases are comparatively cheaper, when compared to other premises. This is because the tenant has already paid a huge sum as ‘premium’ in advance and cannot be realistically expected to pay a high rent, as well. Usually, … Continue reading
VAT charges in residential and commercial leases
VAT is not applicable for grant of residential lease. Hence, no such express provision is discussed in the context of residential leases. However, when the tenant is made to pay for the landlord’s legal and other costs, VAT becomes applicable. … Continue reading
Alterations and improvements of leasehold property
Issues such as alterations and improvements on a leasehold property should be expressly provided for in the lease. This is because the tenant’s ability to do so is usually unclear and depends on the centuries old principle of ‘waste’. Needless … Continue reading
Using residential flat for commercial purpose not allowed, why?
Usually when a landlord leases a flat, he includes a provision that prohibits the tenant from using the property for any other purpose other than residential needs. If one or more of the flats are converted for commercial purposes, it … Continue reading
Repairing and maintenance of leasehold property
It is in the best interest of both parties to ensure that the leased property is kept in a good state. The landlord would find it difficult to reassign the property, and the tenant would find it difficult to use … Continue reading
House sale conveyancing process at a glance
Selling a house is not a trivial task. It is long procedure which involves several tasks such as organizing deals, finding a conveyancing solicitor and many more. You may also be confused about the legislations associated with the sale of … Continue reading
What is Conveyancing?
Conveyancing is the legal process of buying and selling property, which could be a simple residence to live in, the premises of a business, or a large development or estate. The legal aspects of the conveyancing process are usually handled … Continue reading
Is cheap conveyancing beneficial for customers?
You often see advertisements about cheap conveyancing services when searching for conveyancers for your property transactions. But, how far can solicitor reduce the price? Is it really possible for anyone to provide high quality conveyancing service for just £100? Or … Continue reading
Should you opt for a contract race?
Contract race is a situation in which a seller is ready to deal with the process of conveyancing, with more than one buyer. Here, the seller will contact many buyers on the condition that he will exchange the contract with … Continue reading
House Buying: Facts to check apart from normal residential searches
Buying a new home involves many stressful situations. You should be careful in each step. Apart from the physical structure of the building and other residential searches, there are many factors associated with a property. Generally, when you meet a … Continue reading
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