Buying Property At Auction

Buying Property at Auction

A failure to take legal advice cost a property buyer his £35,000 deposit as he fell foul of the time limits for the purchase. Purchasing property at auction can be legally hazardous as the following case shows.

Chancel Repair Liability

Chancel Repair Liability

The issue of Chancel Repair Liability is one that many people will not need to consider when purchasing a property, but it is still a very real and tangible law that, if not addressed, can lead to extremely high financial costs in the future.

Selling Your House - Tax Issues

Selling Your House – Tax Issues

Most people buy and sell the property they reside in without any thoughts about tax, apart from perhaps Stamp Duty Land Tax. However, there are some circumstances in which selling the property you reside in can cause some tax issues.

Is Home Equity Release For You

Is Home Equity Release For You?

With the rising prices of everyday life more and more people are finding that their pension savings, together with the state pension are not providing sufficient income to meet all their needs in retirement. If you do not have sufficient savings or assets your home could be a good way to help boost your pension.

Help To Buy With Seatons

Help To Buy With Seatons (HTB)

In April 2013, the Government launched the first phase of the Help To Buy scheme. This gave homebuyers in England equity loans of up to 20% of the price of a “NEW PROPERTY” worth up to £600,000. Homebuyers needed to find at least 5% of the property price as a deposit, with a 75% mortgage to cover the balance.

The New Help To Buy Scheme

The New Help To Buy Scheme

It is well known that house prices have increased dramatically over the past decade. The younger generation who aspire to purchase their own property are struggling to meet the financial demand needed to obtain a mortgage.

Stamp Duty Land Tax

Stamp Duty Land Tax

Stamp Duty Land Tax is a self-assessed tax. The onus is on the taxpayer to make the necessary land transaction return, calculate the tax and pay it. This is a fundamental change to how the procedure used to work. The old Stamp Duty Land Tax regime taxed documents, so it was possible to delay paying the duty in many cases simply by not executing the document.

Seatons Solicitors