A lease is granted for a term of years with the remaining term decreasing as each year passes. If the remaining term of the lease has 80 years or fewer left to run and you decide to extend the term of your lease, which is more commonly known as a lease extension, you will be required to pay the Landlord a premium to extend the term of the lease.
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Read jargon-free articles and guidance pieces written in-house by our solicitors and keep up to date with what's happening at Neves.
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conveyancing
The changes to Stamp Duty Land Tax (SDLT) that came into effect on 23rd September are:
The nil rate bank has been increased from £125,000 to £250,000 for all property buyers in England and Northern Ireland.
Residential Property and Conveyancing specialist, Haneef Khan, has been promoted to Associate. 🎉🎉
Property title fraud is where a criminal steals a property owner’s identity. The criminal can then apply for loans using the true owner’s property as collateral or they could attempt to sell or mortgage the property by pretending to be them.
If the fraud isn't discovered promptly, the true property owner might find their property has been transferred or sold without their knowledge. Property that is empty, rented out or mortgage-free is more at risk.
Charlene Shillingford is a Senior Associate at Neves Solicitors and believes that a successful conveyancing transaction requires building a good rapport with clients to help walk them through all of the complexities of searches.
Here she explains the importance of environmental searches.
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