Buying a New-Build Home: What You Need to Know About Warranties, Snagging and Risks

When buying a property, you will be asked where your money is coming from. This is a normal and essential part of the legal process and something all conveyancers are required to do. Why are we asking? We are legally required to carry out checks under Anti-Money Laundering regulations. This means we must: Confirm where your purchase funds are coming from ( Source of Funds ) Ensure your overall financial position matches the transaction ( Source of Wealth ) This is not about m

What is a ‘Gifted Deposit’? The first kind of 'gifted deposit,' known as a 'Seller's gifted deposit,' occurs when the seller offers a portion of the purchase price back to the buyers, either as a discount or a deposit. This can happen when a seller, like a housebuilder, reduces or eliminates the deposit required from the buyers at the contract exchange, or when the seller contributes to or refunds part of the purchase price upon completion. The second kind, termed a 'Family g

While we cannot provide specific advice on whether to install panels on an existing property, the following insights may be helpful. If you are considering panel installation, it's crucial to conduct thorough research. Typically, it takes 10-20 years to reach a break-even point on the investment cost of the panels. Informative articles on this topic can be found at www.which.co.uk and www.moneysavingexpert.com. These sources suggest that if you plan to move within the next 10

What are ‘Invasive Plant Species’ Japanese knotweed, Giant hogweed, Himalayan balsam, Rhododendrons, and New Zealand pygmyweed are classified as 'invasive plant species' that can cause issues for both land and structures. Additionally, 'injurious weeds' like some ragworts, thistles, and docks are under strict control. Japanese knotweed, in particular, has been problematic due to its lack of natural predators in the UK. Recently, homebuyers have expressed concerns about the im

We are proud to be associated with a brand-new initiative to improve the experience of home movers and professionals involved in the home moving process. National Conveyancing Week has been launched to raise the profile of organizations who conduct property transactions, with the inaugural event taking place from 20th-24th March 2023. Property lawyers up and down the country are taking part in a series of events over the course of the week designed to educate and inform all t

Asbestos in Pre-2000’s properties Asbestos is commonly found in properties built before 2000, but its use was prohibited after that year. The Health and Safety Executive (HSE) provides a comprehensive set of guidance notes and an interactive diagram on their website. Additionally, the website features photographs of typical materials containing asbestos that may still be present in pre-2000 buildings. Attempting to repair or remove asbestos materials on your own is not advis