G

A document used where one person agrees to be responsible for someone else's debt or mortgage obligations, if that person fails to carry out their own obligations.

Because leasehold is a tenancy, it is subject to the payment of a rent (which may be nominal) to the landlord. Ground rent is a specific requirement of the lease and must be paid on the due date, subject to the issue of a formal and specific demand by the landlord.Is the rent paid by owners of the...

A Gypsum Search is a conveyancing search which reveals the proximity of mine workings to the property, when the mine was worked, the depth of workings and If there are any planning consents to carry out workings. It is a relevant search depending on the location on the property and should be...

Gazumping is when a seller accepts an offer from one interested party, only to accept a higher offer later on from someone else. Incredibly annoying when it happens to you, it can throw your finances, your timing and your mood, leaving you right back where you started all those months ago.Gazumping...

Gifts that are to be made to a person who is getting married or who is entering into a civil partnership are exempt from IHT up to the following amounts: £5,000 made by the person’ parent£2,500 made by the person’s grandparent£1,000 made by anyone...

This is a gift which is not fully given away, eg, a property which is given away  to someone but were the person making the gift continues to leave there. It is therefore a gift with conditions attached whereby the person giving the gift retains some...

This is the term used to describe the proof of legal authority which is required by the person who has been entrusted to deal with the deceased’s...

This is the term used to describe the proof of legal authority which is required by the person who has been entrusted to deal with the deceased’s estate where there is no Will or the Will is not...

This is the term used to describe the proof of legal authority which is required by the person who has been entrusted to deal with the deceased’s estate where there is a...

Gazanging describes a property vendor or seller pulling out of a sale before exchange, not by reason of getting a better offer (Gazumping), but because they no longer want to move.The reasons given for Gazanging vary; the most common include:An expectation that the market will improve and that...