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Q. I purchased a property off plan about 12 months ago and am toying with the idea of selling prior to completion. Firstly how easy is this to do and secondly, would it be wiser to keep it until it completes and then sell? A. Selling your off plan unit prior to completion will only…
Q. I recently had my riverside apartment located within close proximity to Canary Wharf valued, and was shocked to find out how much it had increased in value over the last 12 months. Has the market really increased that much? A. Correct. Current market conditions particularly in this area have dramatically increased over the past…
Q. Can you explain the basic difference between freehold and leasehold interest on property? A. Since the Law of property act 1925 there have been two legal estates which may be held in land. Freehold (also known as simple absolute in possession) and Leasehold (also known as term of years absolute). Freeholders in theory can…
Q. I recently made an offer on a property I viewed a week ago and have been told by the agent the property is now under offer. I have explained that I wish to make an offer over the asking price but the agent refuses to put the offer forward, what can I do? A.…
Q. What is all the fuss surrounding Home information Packs, are they really going ahead and if so how will this impact the property market? A. Home Information Packs or HIPS as they are more commonly referred to look set to become law from the 1st of June 2007. Despite opposition from the majority including…
Q. I am in the process of buying a house but am slightly alarmed as I have just had a letter from my solicitor advising me that there is an easement over the property. He has asked me to make an appointment to see him to discuss, I have no idea what this is, can…
Q. Having rented for the last 12 months I am now starting to think about buying. What sort of costs to purchase am I likely to incur as a first time buyer? A. Its good to see your thinking ahead regarding anticipated costs for your purchase as you will not have any nasty surprises a…
Q. I am being posted overseas with my company and have decided to rent out my property whilst I am away. My agent wants to have a professional inventory carried out prior to the tenant’s occupation. Is this really necessary, surely I can do this myself and save the cost? A. Inventories at first thought…
Q. I have been given the opportunity to purchase the share of the freehold on my property located on a very nice development here within the docklands. I have been told that the current freeholder has put the opportunity to purchase the freehold out to the general market and we as leaseholders will be given…
Q. I agreed to purchase an apartment in august last year and unfortunately have still not been able to exchange contracts due to considerable delays on the legal side, which are no fault of my own. However, I have just had extremely shocking news, my vendor’s solicitor has just informed me that because of the…
