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Category: PROPERTY TYPE
PROPERTY TYPE
Why you should set a long stop date when buying an off-plan property
Using a long stop date when buying an off-plan property in the UK is crucial for protecting your interests and ensuring that the developer is held accountable for completing the project within a reasonable timeframe. Here are the key reasons why a long stop date is important: 1. Protection Against Delays: 2. Financial Security: 3.… Read more
Living on a houseboat – what you need to know
Living on a houseboat in the UK offers a unique lifestyle, combining the tranquility of waterborne living with the adventure of a mobile home. Whether you’re drawn to the picturesque canals, the sense of community, or the idea of downsizing, it’s essential to understand the practicalities and considerations before making the leap. Here’s a comprehensive… Read more
Village living – the pro’s and con’s
Living in a village in the UK offers a unique lifestyle that appeals to many people seeking a sense of community, tranquility, and connection to nature. However, village life also comes with its own set of advantages and disadvantages. Here’s an overview of the pros and cons of living in a village in the UK:… Read more
The financial impact of selling a right to buy property
Selling a Right to Buy (RTB) property in the UK has specific implications, especially regarding payback or repayment requirements if the property is sold within a certain period after purchase. Here’s an explanation of the impacts and the payback rates associated with selling a Right to Buy property: What is Right to Buy? Right to… Read more
What are the advantages of buying off-plan property?
The Advantages of Buying Off-Plan Property Buying off-plan property, which involves purchasing a property before it has been constructed, offers several potential benefits. Here are some key advantages to consider: 1. Lower Purchase Price One of the primary attractions of buying off-plan is the potential for lower purchase prices compared to completed properties. Developers often… Read more
The disadvantages of buying off-plan properties
Buying off-plan property, which involves purchasing a property before it has been built, can offer attractive benefits such as lower prices and the opportunity to customize certain aspects. However, it also comes with several significant risks and disadvantages. Here are the key drawbacks to consider: 1. Completion Delays One of the most common issues with… Read more
What is meant by unencumbered property?
In the context of the UK mortgage market, the term “unencumbered property” holds significant importance for both homeowners and lenders. It denotes a property that is owned outright, with no existing mortgages, liens, or other financial claims against it. Here, we delve into what unencumbered property means, its benefits, and its implications in the UK… 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
Do I need an EWS1 form for my property?
Understanding the EWS1 Form: What It Is and Which Properties Need It In recent years, the External Wall Fire Review process, commonly known as the EWS1 form, has gained prominence in the UK property market, particularly in the wake of the Grenfell Tower tragedy. This article aims to provide clarity on what the EWS1 form… Read more