Over the years a number of properties have been built which are deemed to be “non traditional construction”. Most of these properties were developed and built by local authorities. Non traditional construction can cause problems with mortgage finance. Where properties are designated as non traditional construction and defective no mortgage finance is likely to be […]
Archives for February 2016
Alarm signal for buy to let landlords.
Landlords in England should be aware that regulations requiring both smoke alarms and carbon monoxide alarms must be installed in residential accommodation. These regulations came into force on 1st October 2015. These new regulations apply both to houses and flats. Failure to comply can lead to a civil penalty of up to £5000 imposed on […]
Property Surveys should be carried out early in the legal process.
Tip: Getting a Building Survey post offer could enable you to negotiate a price reduction once the legal work is underway. Either way, the survey should be carried out before exchange of contracts, i.e. once you have legally committed yourself to the purchase. Unfortunately, the seller might pull out at any stage before exchange of […]