A property chain refers to the order of buyers and sellers linked because their transactions depend on one another. For example, a person selling their house may need to buy another one, while the buyer of their house is also selling their own home. This creates a chain of sales. These chains can be vulnerable,…
As 2024 approaches its final quarter, the residential property market is undergoing a transformation that’s crucial for anyone looking to buy or sell a home. Sharon Galley, Head of Property at JMP solicitors explains the key trends shaping today’s real estate landscape and what they mean for you. Rising House Prices and Interest Rates House…
When purchasing residential property in the UK, one of the key questions your solicitor will ask is whether the property is leasehold or freehold. Each type of ownership carries different rights, responsibilities, and potential legal challenges that buyers should be aware of before deciding to proceed with the purchase. Sharon Galley, Head of Property at…
Kerry Davey, a solicitor at JMP Solicitors, sheds light on the responsibilities of deputyship and offers guidance on how best to fulfil this role if you’ve been appointed. When individuals are unable to make significant decisions for themselves due to mental incapacity, the concept of deputyship is invoked to ensure their affairs are handled responsibly.…
Experiencing the loss of a loved one is an extremely distressing period. The practical aspects that must be dealt with during this phase can also be quite daunting. Sharon Galley, Head of Property at JMP Solicitors, explains the role of an Executor includes selling a property and navigating complex legal and administrative procedures, requiring…
Why You Need a Solicitor for Your Remortgage Are you aware of the vital role a solicitor plays when it comes to remortgaging your home? While some lenders may have their own preferred channels to handle legal procedures, a significant number do not offer this service. Surprisingly, many homeowners are unaware that enlisting a solicitor…
As homeowners approach retirement or explore ways to enhance their financial situation, one option that has gained significant popularity is equity release. It allows homeowners, typically aged 55 and over, to access the wealth tied up in their property without the need to sell or move out. This financial solution provides a tax-free cash lump…
According to data from the Office for National Statistics, the rental market in the UK has witnessed a significant 4.4% rise in private rental prices paid by tenants in the 12 months preceding January 2023. This increase has presented landlords with a multitude of challenges in the real estate industry. Recently, the sudden surge in…
Did you know that you need a solicitor when remortgaging? While some lenders use their preferred suppliers to manage the legal requirements of the process, many don’t offer this service at all – and lots of homeowners simply don’t know that they need it. If you’re not tied into your mortgage deal or your fixed…
Homeowners and prospective buyers considering a move before Christmas should act quickly to increase their chances of a smooth relocation, as the festive period approaches. The weeks leading up to Christmas are crucial for those navigating the homebuying process and in these uncertain times, the government has advised everyone to remain flexible, with no guarantee…
London commuters thinking of moving to a location outside of the capital can look to inside tips from property experts on up-and-coming areas in the East Midlands. Moving further upcountry could save potential homebuyers a considerable amount, whilst being situated less than two hours from London, with the average property prices in the East Midlands…
Homeowners looking to sell properties in the current market should look to tips from conveyancing experts to get homes market ready. Following the government announcement of the stamp duty holiday until March 2021, the housing market is experiencing great change with many home movers, first time homebuyers and buy to let investors looking to purchase…
