Residential Property | Mayo Wynne Baxter

Should I extend my lease?

Lease agreement

Leasehold property piqued the interest of the Guardian newspaper at the close of 2016. Their string of articles on ground rent clauses might have got you thinking about the lease on your own flat, and particularly – how long it is. Lease extensions can seem daunting to begin with. When you start researching, you find… Read the rest of this post (No Comments)

A Time Bomb Waiting To Happen?

Road lines

There is a well-known shortage of housing in this country and there is a lot of new build housing being pushed in all parts of the country. Much of the building is being built by the big builders who often share the risk of a big development. However, they often have one thing in common…. Read the rest of this post (No Comments)

A SOLUTION TO OUR HOUSING CRISIS?

House keys

That there is a serious housing shortage in the UK is not in debate. The government estimates that a million new homes need to built by 2020 and at the moment we are building around 140,000 a year.  There is also little argument about the damage this is causing on a wider social and economic… Read the rest of this post (No Comments)

Gas Safety issues for Landlords

gas flames in a boiler 02

If a residential landlord lets a house where there is a gas supply then he, or she must have a clear understanding of their responsibilities in relation to gas supply and appliances. These responsibilities are set out in the Gas Safety (Installation and Use) Regulations 1998 and the Smoke and Carbon Monoxide Alarm (England) Regulations… Read the rest of this post (No Comments)

Landlords must be aware of Right to Rent Checks

House

Here at our Gatwick office we see many landlords purchasing properties to let and it is important that landlords, letting agents and tenants of private rental residential properties are aware of the Immigration Act 2014. From 1 February 2016 this Act places new restrictions on illegal immigrants accessing private rented accommodation and it falls to… Read the rest of this post (No Comments)

Energy Performance Certificates – the new rules

Businessman pointing to energy efficiency rating chart and house icon concept for performance, efficiency and environmental conservation

The hectic rush to purchase second properties in the Crawley and Gatwick area before the introduction of the higher rates of Stamp Duty Land Tax has died back and landlords are seeking to let these properties as soon as possible if they have not done so already. Brexit is here and although house prices and… Read the rest of this post (No Comments)

Have A Cunning Plan!

Close up businessman signing documents.

What is a Lasting Power of Attorney? These documents are commonly called an LPA and there are two types; A Property and Finances LPA by which your attorney/attorneys deals with your property and money. It is possible for this document to be used by your attorney/attorneys while you are still mentally fit; A Health and… Read the rest of this post (No Comments)

What will happen to the property market if Britain leaves the EU?

EU

Uncertainty is dominating the debate ahead of the poll on the 23rd June and it looms over the residential property market.  Conveyancers, estate agents, property investors and the like are all asking the same question: what will a post-EU Britain residential market look like and what will the implications be? The reality is that the… Read the rest of this post (No Comments)

Are second home owners in Crawley at risk of property fraud?

fraud

With every course I attend or legal article I read I am constantly reminded of the risks of property fraud. The risks appear to be everywhere but are especially prevalent in the case of second properties. The risk is very real and Alastair Lewis, the Director of Legal Services to the Land Registry was quoted as… Read the rest of this post (No Comments)

Huge rises to Probate fees planned by the Government

A concept to cover aspects of property finance.

The Government is planning to change probate fees according to the value of the estate. The consultation period opened on 18 February 2016 and is due to end on 1 April 2016. The proposed probate application fees are as follows: £300 for estates worth more than £50,000 and up to £300,000 £1,000 for estates worth… Read the rest of this post (No Comments)