Tag: Leasehold Report on Title
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Ground Rent Problem Discovered When Selling: What Were You Told When You Bought?
Ground rent clauses can significantly impact property sales and remortgaging. While many owners may overlook these clauses due to consistent payments, issues arise when properties change hands. Changes in lender requirements and the 2022 Leasehold Reform Act complicate matters. Proper advice and documentation review at purchase are crucial to avoid future complications.
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Renters’ Rights Act 2025: Proactive Steps
With the Renters’ Rights Act Information Sheet 2026 now published, conveyancers have a unique window to add value to their clients and future-proof their own precedents. The goal is simple: ensure your Buy-to-Let (BTL) clients are compliant by the 31 May 2026 deadline, avoiding the new £7,000 local authority fines. The Precedent Audit: Quick Wins…
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Inadequate Leasehold Reports on Title: What the SRA Found
The Solicitors Regulation Authority’s review revealed that 23% of conveyancing firms inadequately advise leasehold homebuyers, often assuming clients understand the differences between freehold and leasehold. This has led to referrals of six firms for disciplinary action. Campaigners stress the need for accountability and compensation for affected leaseholders.