Adverse possession is a tricky concept to get your head around. In simple terms it refers to acquiring land that doesn’t belong to you. An “adverse possessor” relates to an individual who, if they trespass on or occupy land owned by someone else for a sufficient and continuous amount of time, can claim a lawful title to the land in question. Throughout the history of time, individuals, communities and nations have battled for the ownership of land – for status and basic survival needs. Laws are passed to uphold the right to ownership but that’s not to say circumstances are…Read more..
It may not be the first question that springs to mind when it comes to property exchange, but in order to sign your home over to your children there are a few things to consider. What to be aware of when it comes to gifting a property First off, if you are a homeowner you are within your legal right to give the property to your children at any time in your life, even if you live in it at the time. As people understand the importance of inheritance tax (IHT) implications, assets when it comes to care home fees,…Read more..
After months of deliberation you finally decide it is time to sell your house – then the panic sets in about where all the documents relating to your home have gone. Moving house, as it is well documented, can be a very stressful time and with some people moving after living in the same house for decades paperwork can be a real worry. The passage of time makes it tricky to recall exactly what paperwork is kept where. One particular document that gives home owners cause for concern is the deeds. With very good reason many sellers are plunged into…Read more..
When we think of remortgaging a home it is usually in the light of choosing to make major changes – but the best reason to remortgage could actually be to get a better rate. A mortgage is usually the biggest financial commitment most people ever take on, often stretching to 30 years. With the long payment plan comes lower interest rates than might be found on high street loans. As a result of the repayment framework being in place, many people choose to add the cost of substantial renovations to their home onto their mortgage. Extensions, conservatories, loft conversions –…Read more..