According to many analysts, the London property market may very well have seen better days. While we might not be looking at the worst-case scenario predicted by many opposed to Brexit, the fact of the matter is that prices could very well flatline in the coming months. As this can make selling a home or flat a bit difficult, some owners are turning to what is known as a part exchange property scheme. This article is an introduction to pert exchange property giving you the main things you need to know.
What are the things you should look out for if you need to sell a probate property? Maybe you’ve inherited a property from a relative or perhaps you’re acting as the executor of a will. In either of these cases, it’s likely that you’ll need a Grant of Probate before you can sell. There are a number of problems that can occur along the way. So, what are the most frustrating situations associated with a probate sale? More importantly, how can they be avoided or at the very least streamlined?
Although property chains are very common in the house-buying process, they can often be frustratingly slow. However, the worst-case scenario is when the property chain collapses or breaks down completely. This results in the seller (and potentially the buyer) having to return to “square one” in terms of the entire transaction. This can cause problems; particularly for those who are looking to sell their home or flat quickly. Let’s look at some of the main causes of a property chain collapse as well as some potential remedies.
There’s no doubt that the Brexit vote has had (and will have) a dramatic impact on many sectors within the United Kingdom. One of the most important areas to examine is the London property market. What trends have we seen and perhaps more importantly, what can we expect for the remainder of 2016 and into 2017? If you’re looking to sell your house fast, you should should take these factors into account so you know where you stand.
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.
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.
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.
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.