Buying a home is often the most significant financial commitment we make, but property ownership is rarely static, writes Enza Sole, a specialist residential chartered legal executive in the KWW Solicitors property team. As lives evolve – through marriage, separation, or tax planning – the way your property is held may need to change. This
For decades, purchasing a leasehold property in England and Wales has felt like a compromise, writes Salv Sole, Head of Property at KWW Solicitors in East Molesey. While it offers a foot on the property ladder – particularly in urban centres where flats dominate the market – the ‘feudal’ nature of the system has often
With the house sale process averaging around 12 weeks, and unexpected setbacks often adding eight weeks or more to the process, motivated home movers are being encouraged to get organised before they kickstart any sale or purchase. The factors that can affect getting a sale over the line swiftly often start with lost or mislaid
The dream of owning a home remains a powerful aspiration for young adults. However, for many, particularly first-time buyers, the path to achieving this dream is often blocked by the daunting hurdle of saving a substantial deposit, says KWW’s Head of Residential Conveyancing Eve Wilson. Recent government initiatives, including a new mortgage guarantee scheme and
If you take out a mortgage to buy your home, your lender will almost certainly register a charge against it at the Land Registry. The charge does not transfer ownership. However, it will give the lender important rights, including the ability to sell your home if you default on your loan. “When borrowing to buy
The property market in our part of the world appears to be rebounding after a lull in activity resulting from the disastrous Mini Budget of September 2022 which sent interest rates soaring. Although good news for many, this could make it more difficult if you are looking to get onto the property ladder. If affordability
The world of property sales can often seem like a labyrinth of complex terms and jargon. Navigating through this linguistic maze is crucial for both seasoned homeowners and first-time buyers. Eve Wilson, Head of our Residential Property team, has put together a quick guide that sheds light on the terms commonly encountered during house sales.
Rising interest rates have dominated the headlines recently, with the Bank of England estimating a million households could see their monthly mortgage repayments increase by £500 over the next three years. If you are affected, you may even be thinking about giving up your property so you will no longer have the burden of a
If you are a homeowner, or looking to buy, the very word ‘subsidence’ may fill you with dread or visions of sinkholes which hit the newspaper headlines. According to the British Insurance Brokers Association, subsidence is a common issue affecting an estimated 20 per cent of homes in some way. But what exactly is it,
The United Kingdom’s population is aging rapidly and, fortunately, higher living standards mean most of us will enjoy a long and active retirement. As we grow older our housing needs often change, and if you are approaching retirement you may have already started to think about your options. In this article, Enza Sole, a residential