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Category: OWNERSHIP
OWNERSHIP
Commonhold – a guide to property ownership
What is Commonhold? Commonhold is a form of property ownership in the UK that allows individuals to own a freehold property within a larger building or development, while jointly owning and managing the common parts and facilities. This system was introduced by the Commonhold and Leasehold Reform Act 2002 as an alternative to the traditional… Read more
The best websites to find your next home
Top Websites to Find Property in the UK Searching for a property, whether to buy or rent, can be a daunting task. The digital age has made it easier by offering numerous online platforms where you can browse thousands of property listings. Here’s a guide to some of the best websites in the UK for… Read more
Let to buy explained
“Let to buy” (LTB) is a property strategy where a homeowner rents out their existing home in order to purchase a new one. It is popular in the UK among people who want to move to a new property but don’t want to sell their current one. Here’s how it works: Key Benefits: Key Considerations:… Read more
What survey should I choose? A comprehensive guide to home surveys for UK buyers
Buying a home is one of the most significant investments you’ll make in your lifetime, and ensuring the property is in good condition is crucial to avoiding costly surprises down the line. That’s where home surveys come in. From basic condition reports to comprehensive building surveys, there are several types of surveys available to UK… Read more
Property ownership around the world: A comparative analysis
Property ownership rates vary significantly from country to country, influenced by factors such as economic development, cultural norms, and government policies. Understanding these ownership rates provides valuable insights into global real estate markets and the dynamics of property ownership worldwide. In this article, we’ll explore the percentage of property ownership in different countries and analyze… Read more
Pros and cons of buying a bungalow: A comprehensive guide
Bungalows, with their single-story layout, have long been a popular choice for homeowners in the UK, offering convenience, accessibility, and a unique living experience. However, like any property type, bungalows come with their own set of advantages and disadvantages. In this guide, we’ll explore the pros and cons of buying a bungalow in the UK… Read more
Joint tenants or tenants in common
In the UK, when multiple individuals own a property together, they can do so as either tenants in common or joint tenants. These two forms of property ownership have distinct legal implications and affect how ownership is structured, transferred, and inherited. Let’s explore the differences between tenants in common and joint tenants: Tenants in Common:… Read more
Understanding Split Leasehold in the UK: Advantages and Disadvantages
Split leasehold, also known as leasehold enfranchisement, is a unique property ownership arrangement that divides the ownership of a building into multiple leaseholds, typically between different floors or units. This arrangement is commonly found in buildings that have been converted into multiple flats or apartments. In the UK, split leasehold can offer both advantages and… Read more
Understanding the Right to Buy Scheme in the UK: Empowering Council Tenants to Own Their Homes
The Right to Buy scheme has been a transformative initiative in the UK housing market, empowering council tenants to become homeowners and providing opportunities for social mobility. This article aims to delve into the details of the Right to Buy scheme, including its history, eligibility criteria, benefits, and considerations for prospective buyers. The History of… Read more
Will Cladding Affect the Value of My Property
The issue of cladding has become a significant concern for property owners and potential buyers in the UK, particularly in the wake of the Grenfell Tower tragedy in 2017. Cladding can impact a property’s value, safety, and marketability. This article explores how cladding affects property values in the UK, considering various types of cladding and… Read more