This is a term which people often use very loosely, and often think is very easy to do: but changing a name on the title deeds is something which should be approached with extreme caution. The issue usually arises after someone has passed away; but often, during their lifetime, the owner of a property or…
At Barrett & Co we are proud to have on board, two highly qualified conveyancers, Alan and Richard. Between them, Alan and Richard handle all our residential conveyancing work thoroughly and efficiently, supervising their team of support staff and working hard to ensure that every transaction proceeds as swiftly as possible. It is quite unusual,…
Equity release refers to a range of products that allow clients to access the equity (cash) tied up in their home if they are aged over the age of 55. Clients can take the money released as a lump sum; in several smaller amounts; or a combination of both. There are generally two equity release…
This article deals with those who act in a representative capacity for a house owner, as their attorney or deputy. Selling under a Power of Attorney It is important to be aware of the extent of your powers, which will be defined by the type of Power of Attorney you have, and any specific directions…
What is shared ownership? Shared ownership is a scheme under which the buyer can purchase a share of a property and pay rent on the remainder. The part on which the buyer pays rent, remains in the ownership of the landlord. As time goes on, the buyer can acquire increasing shares in the property by…
On a hot and sunny June afternoon, Martin Reynolds, Charlotte Fox and Nick Buckle competed in the JLL Property Triathlon at Dorney Lake. The Triathlon took place throughout the day with waves of competitors setting off every half an hour all in aid of Crisis, a charity aimed at eliminating homelessness. After a gruelling race…
Continuing our series of understanding conveyancing terminology, we look at what fixtures and fittings are and the key differences between them. Fixtures are defined as “forming part of the land” and therefore, as a buyer, you would expect to take over ownership of these items when purchasing a property. In many ways, this makes perfect…
For many separated or divorcing families, the summer period may be the first school holiday where everyone is living separately. Organising time with your family can become complicated and this can lead to tensions between parents and children alike. The fundamental advice is that, wherever possible, do try to keep all arrangements for seeing the…
The programme is based on the work of probate detectives trying to find an eligible relative for a surprise inheritance. So why did 55,000 estates last year pass to the Bona Vacantia Division of the Government? Simply because the deceased failed to make a Will and did not leave any eligible relatives. If you do…
“Rectification” is the process by which documents are changed by the Court to correctly reflect the intentions of the parties at the date on which the agreement set out in the document was reached. The question arose as to whether or not a “Disclosure Letter” (a letter produced by the seller during the course of…
