What is the new 5% deposit mortgage scheme?
What is the 5% deposit mortgage scheme? Who is eligible for 5% deposit? Coveyancing Executive, Cheryl Phimister looks at the new mortgage loan scheme and details what it means for buyers and lenders.
Buying and selling a home during coronavirus
The property market seems to be moving very quickly since COVID-19 lockdown measures were eased.
However, many clients are wary of exchanging contracts for fear of what could happen if their sale or purchase were to be affected by coronavirus.
These concerns are amplified when a client’s sale forms part of a property chain.
Jennifer Smith, one of our bright, friendly lawyers in our conveyancing team, answers some of the most common questions she’s been receiving about buying or selling a home during coronavirus.
Will new house buying rules clamp down on gazumping?
The government is reviewing house buying regulations, aiming to end time-wasting offers. Gazumping Gazumping, as it is known, is when when an offer has been accepted for the purchase of a property and the buyer proceeds with...
Insuring a property after exchange of contracts
It is usual for a seller and buyer to insure a property during the period between exchange of the sale contract and completion. Cheryl Phimister looks at the legality of insuring a property during exchange of contracts, examining a recent case whereby the seller's obligations where questioned.