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Our Quick Guide to the Lease Extension Process

Our Guide to the Lease Extension Process - Molae Propertie - Image of a contract and padlock

Selling a leasehold flat can be challenging; particularly when you have less than 80 years left on your existing leasehold. The main issue is that the value of your home or property will begin to lose value as the time period of the lease reduces. Buyers can find it difficult to get a mortgage from lenders and in turn, you could be left in a frustrating situation. However, you should be able to apply for a lease extension of an additional 90 years. So let’s look at the lease extension process in greater detail.

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Quick Property Sales and Relocation: Your Options

Quick Property Sales Relocation - Picture of suitcases

Quick property sales can be a bit challenging; particularly if you’re not familiar with all of the choices available. Whether your sale needs to take place to free up cash, or you’re relocating to another part of the UK, there are several routes which you could take. Let’s look at some of the most common options.

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How Can You Benefit from a Part Exchange Plan?

Part exchange homes schemes - Photo of new build flats - Molae Properties

Part exchange plans have gained popularity due to what many see to be a stalling housing market in London. The basic principle behind these schemes is that an owner can trade in, or part exchange their existing home to a builder. In return, the value of this home is deducted from the cost of a new property. There are several benefits to part exchange plans and it’s worth learning about them if you’re looking to sell soon. So let’s look at part exchange homes and how these plans can help you get a quick sale.

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Section 20 Notice: A Look at the Major Points

Molae Properties - Section 20 notice - photo of renovations on block of flats

We know that repairs, maintenance and improvements need to be carried out within apartment buildings and flats. These may be relatively small costs but from time to time they can be much larger. Occasionally there can be instances when leaseholders are forced to pay out ridiculously large sums of money. One particularly shocking recent case was from Oxford in early 2016. Around 50 leaseholders in an apartment block were asked to pay an eye-watering £50,000 pounds each.

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Landlords: Selling a Property with Tenants

Selling a Property with Tenants

If you are a Landlord there may be a time when you need to consider selling a property with tenants. While the house sale process can be challenging at the best of times. It can be even more difficult if you have tenants currently renting the property. So, what are some of the rules about selling a property with tenants? Let’s take a look at a handful of regulations and concerns that you should always take into account.

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Selling a House in a Bear Market: What You Need to Know

House selling Tips from Molae Properties

There is no doubt that we are living in rather troubled economic times. Now that the Brexit vote has been passed, many London property owners are wondering if the economy is soon to enter into bearish territory. In fact, firms such as Hermes Investment believe that we have already entered into this environment. Assuming that this is the case (or that a bear market is just around the corner), what are some ways you could speed up any home sale? Let us take a look at some top house selling tips.

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How to apply for Probate: what steps you should take

How to apply for Probate - Molae Properties

If you need to sell a property after the owner has passed away, you will probably need to apply for Probate. This gives you the legal right to deal with the property of a deceased person, called a “grant of representation”. It’s important that you understand how to apply for probate to ensure things go smoothly. You need to watch out for all legal steps that must be taken. So, let’s  take a closer look to try and simplify things a bit.

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Cheaper London Homes Failing to Sell in Relation to High-Priced Locations

London homes between £650,000 and £1M selling faster than cheaper homes

Let’s imagine for a moment that you require a quick property sale in London due to an impending repossession or a similar unfortunate circumstance. You have remained confident due to the fact that your current home is valued at only £300,000 pounds. So, you are not concerned in regards to a quick turnover. Unfortunately, you might very well be wrong in taking this stance. A recent article highlighted the fact that London properties costing between £650,000 pounds and £1 million pounds are selling faster than more moderately priced homes. This is actually a bit ironic considering the fact that only the richest house hunters seem to be active while middle-income buyers complain that they are being shut out of the market. This is another example of how London house prices appear to have become detached from local incomes. What does this mean in regard to a fast London house sale?

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Latest testimonial

The sale of my property was well managed with regular communication and advice and support provided throughout the process.  The company also provided legal support through one of their panel solicitors which was professional friendly and reassuring during what was a complex sale.  They are trustworthy and reliable and I would recommend this company to anyone looking to sell their property.  Thank you for making this a much easier process.
R. Mangal, Leyton, London, E10

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