An electronic method which some lenders use to notify Land Registry that a mortgage has been paid off.
Where a property is being purchased for the first time from a Builder or Developer...
Negative equity means your mortgage is higher than the value of your property. It is a growing worry for many homeowners....
Where a 3rd party who has an interest in a particular piece of land or property ( commercial or residential ) that party - often via thier conveyancing solicitor - may register a notice against the property’s title register at HMLR. By registering a notice a party who has an interest in the la...
Following exchange of contracts if either the purchaser or vendor in fail to comply with the terms of the contract on the completion date, the party who is ready to complete is entitled to serve ( via their property solicitor ) a Notice to Complete. This Notice will set out the fact the party is rea...
This Notice applies where a Right to Enfranchise (RTE) company would send the initial notice to the landlord setting out the intention to purchase the freehold. Before doing so it would need to send a notice to all qualifying tenants who have not already agreed to become a participating member of th...
This is the amount of the estate where there is no Inheritance Tax to pay. Where the value of the estate exceeds the nil rate band, there will be IHT to pay on that amount of the estate at the rate of 40%....
Known previously as Shared Ownership or part buy part rent, New Build HomeBuy , alows buyers to buy a share in a brand new or refurbished home. You usually pay a mortgage on the part you own and a subsidised rent on the part you don’t own. As your income rises you can increase the share you o...
Where either party fails to complete on the contractual completion date and it does not appear as if matters can be resolved, the other party’s solicitor or conveyancer may serve a Notice to Complete. The defaulting party has 10 working days in which to complete. If they do not comp...
The National Federation of ALMOs Ltd (NFA) is the trade body for ALMOs representing 69 members. The NFA represents the interests of its members at national level. In addition to lobbying and negotiating with central government on behalf of its members the NFA runs a website, organises events and...
