Restrictive covenants in property law

04/07/2012

What is a restrictive covenant? A restrictive covenant is a legal obligation imposed in a document either created historically in relation to property or in a current transaction by the Seller on the Buyer of a property. The restriction will be to do or not to do something and once created, restrictive covenants are generally READ MORE

Key worker housing scheme – the basics

14/06/2012

The current property market situation makes it very difficult to be able to afford the comfort of owning a house. Most people rent their properties or try the ‘rent to buy’ scheme. People do whatever they can to make buying property as hassle-free as possible. Key worker housing can help those working in ‘front line’ READ MORE

Selling a property – lease extension issues

22/05/2012

Over the past 10 years the issue of extending a lease in a converted house has become increasingly common. At Darlingtons, we get calls about these issues almost daily. So, why is this now such a big issue ? The answer is there are 3 reasons why lease extension issues arise on sales :- 1. READ MORE

I am selling my flat but the lease is short and the buyer wants to be sure they can extend the lease. What do I do?

14/05/2012

You need to manage your buyer’s expectations. Do they want an extended lease prior to exchanging contracts or are they content with simply inheriting the right to extend the lease? To some extent, this will be dependent on how the buyer is financing the purchase because different lenders will have different requirements. If your buyer READ MORE

Planning laws simplified

18/04/2012

Less than one month ago the current coalition government released the revised planning guidelines for England and introduced the National Planning Policy Framework 2012 (NPPF 2012). The introduction of the NPPF 2012 which is a single 50 page document replaces over 1,000 pages of planning rules which were introduced by previous governments. The NPPF 2012 READ MORE

The Conveyancing Quality Scheme

19/03/2012

Figures from the Land Registry for 2011 show that the number of law firms conducting conveyancing is contracting hugely.  1300 fewer firms  made applications for registration in 2011 compared to 2010. That trend is likely to continue for a number of reasons. 1. Numerous lenders are cutting down the size of their solicitor panels. In READ MORE