Residential Property
Buying & Selling
Sale & Purchase
Navigating the realm of property sales & purchases requires a blend of expertise, attentiveness, and trust. There are various aspects of a transaction that must align in order for your transaction to run smoothly and efficiently. We understand how important it is for buyers and sellers to receive clear concise advice promptly to ensure there are no unnecessary delays.
Whether you’re a first-time buyer filled with aspirations and queries, or a seasoned purchaser with an expansive property portfolio, Burridge & Pluck is here to guide every step of your journey through the property transaction
Leasehold
Buying or selling a Leasehold property is slightly different to that of a freehold property as you do not own the land that the property sits on, instead you own the inside parts of the building, usually a flat within a building. The Lease sets out how long you own the inside of the building. At the end of this term, the flat would be returned to the owner of the freehold/building.
We will guide you through the process of buying a leasehold property, setting out what you do or do not own and what your responsibilities are during your ownership. We can also assist with extending your Lease or even purchasing the freehold.
We are happy to talk through the various options with you to ensure you are making an informed decision before going ahead.
Shared Ownership
Getting onto the property ladder sometimes feels like an impossible task, especially to first time buyers. The Government has therefore introduced various schemes over the years to help first time buyers buy their first property. One of those schemes is a shared ownership scheme where you can purchase a share of a property, usually 25-75% and pay rent on the remainder.
When you buy a shared ownership property, you are buying the property as a leasehold property and may wish to review our Leasehold section above.
We are happy to discuss shared ownership property purchases and sales and give advice on the next steps should you wish to purchase through this route.
Auction transactions
It is fast becoming the latest trend to buy or sell a property at auction, with a new ‘modern auction’ transaction being established in recent years to allow buyers to purchase with the assistance of a mortgage.
The service we provide for auction properties is two-fold. Firstly, we offer an independent title check which can be offered as quickly as a 24-hour service to ensure you understand the legal title of the property before bidding. Secondly, we offer the follow up purchase for those that are successful at getting the winning bid at auction. Standard auction timescales are usually 28 days, and the modern auction is usually 56 days.
Mortgage & Transfers
Re-mortgage
With the ever-evolving landscape of property ownership combined with the rise and fall of interest rates, re-mortgaging a property is a common occurrence for homeowners. We are happy to assist with the legal aspects of remortgaging your home. It is usual for your solicitor to act for both you and your mortgage lender when remortgaging your home, this often makes the transaction simpler as there is one legal advisor running the transaction.
If you are remortgaging your home, rental or other property, get in touch to discuss the process with our experienced conveyancers who are happy to assist.
Transfer of Equity
Property ownership is a journey and along its path, there may come a time when you need to reconsider the shared equity of your property. This crucial process known as a ‘Transfer of Equity’ can alter the ownership of the property and can seem daunting, but with the right legal expertise, it becomes a transparent and manageable endeavour.
If you are considering transferring part or all of your property, get in touch with us to discuss whether this is the right option for you and how to move forward if so.
Equity Release
Equity release mortgages offer a pathway for homeowners to access the value tied up in their property without the need to sell it. We will assist with legal implications and explaining in clear plain English the complexities of the mortgage agreement, ensuring that our clients comprehend the terms, conditions, and potential consequences involved, highlighting to you the key clauses, fees, and repayment structures to empower our clients with informed decision-making. We will act as advocates for our clients, liaising with lenders and financial institutions to safeguard their interests and ensure fair treatment throughout the transaction.
Other Property Services
First Registrations
In the rapidly evolving landscape of property ownership, ensuring that your rights and assets are fully protected is paramount. One pivotal step in fortifying this protection is the voluntary first registration of unregistered property.
The process of voluntary first registration safeguards your property rights, providing clarity in ownership and ensuring smoother future transactions.
Adverse Possession
When considering whether you will have a successful claim for adverse possession, there are many elements and criteria that must be met in order to successfully register land in your name without the correct legal documentation. We will sit down with you to discuss the history of the land, your use of the land and go through the criteria with you to let you know if you are likely to be successful. Should you wish to proceed, we will prepare all Land Registry forms and documents with precision & accuracy ready to be submitted for you.
Easements
An easement is like a magical key that unlocks access or use of one property by another. Think of it as a pathway or permission slip that allows you to do something on someone else’s property. In simple terms, it’s a legal arrangement that lets you use a part of another person’s land for a specific purpose, even though you don’t own it.
We can assist you with all advice and necessary drafting to enter into a legally binding agreement either over someone else’s land or allowing someone access over your land ensuring both parties’ interests are protected.
Declaration of Trust
A Declaration of Trust serves as a robust instrument to define and protect those rights, especially when multiple parties are involved. These are often used where parties wish to own a property jointly however have contributed different amounts financially, so each person’s share is set out clearly.
We can give advice and draft this document for you to ensure each person’s interest is protected.
Sale & Purchase
Navigating the realm of property sales & purchases requires a blend of expertise, attentiveness, and trust. There are various aspects of a transaction that must align in order for your transaction to run smoothly and efficiently. We understand how important it is for buyers and sellers to receive clear concise advice promptly to ensure there are no unnecessary delays.
Whether you’re a first-time buyer filled with aspirations and queries, or a seasoned purchaser with an expansive property portfolio, Burridge & Pluck is here to guide every step of your journey through the property transaction
Leasehold
Buying or selling a Leasehold property is slightly different to that of a freehold property as you do not own the land that the property sits on, instead you own the inside parts of the building, usually a flat within a building. The Lease sets out how long you own the inside of the building. At the end of this term, the flat would be returned to the owner of the freehold/building.
We will guide you through the process of buying a leasehold property, setting out what you do or do not own and what your responsibilities are during your ownership. We can also assist with extending your Lease or even purchasing the freehold.
We are happy to talk through the various options with you to ensure you are making an informed decision before going ahead.
Shared Ownership
Getting onto the property ladder sometimes feels like an impossible task, especially to first time buyers. The Government has therefore introduced various schemes over the years to help first time buyers buy their first property. One of those schemes is a shared ownership scheme where you can purchase a share of a property, usually 25-75% and pay rent on the remainder.
When you buy a shared ownership property, you are buying the property as a leasehold property and may wish to review our Leasehold section above.
We are happy to discuss shared ownership property purchases and sales and give advice on the next steps should you wish to purchase through this route.
Auction transactions
It is fast becoming the latest trend to buy or sell a property at auction, with a new ‘modern auction’ transaction being established in recent years to allow buyers to purchase with the assistance of a mortgage.
The service we provide for auction properties is two-fold. Firstly, we offer an independent title check which can be offered as quickly as a 24-hour service to ensure you understand the legal title of the property before bidding. Secondly, we offer the follow up purchase for those that are successful at getting the winning bid at auction. Standard auction timescales are usually 28 days, and the modern auction is usually 56 days.
Re-mortgage
With the ever-evolving landscape of property ownership combined with the rise and fall of interest rates, re-mortgaging a property is a common occurrence for homeowners. We are happy to assist with the legal aspects of remortgaging your home. It is usual for your solicitor to act for both you and your mortgage lender when remortgaging your home, this often makes the transaction simpler as there is one legal advisor running the transaction.
If you are remortgaging your home, rental or other property, get in touch to discuss the process with our experienced conveyancers who are happy to assist.
Transfer of Equity
Property ownership is a journey and along its path, there may come a time when you need to reconsider the shared equity of your property. This crucial process known as a ‘Transfer of Equity’ can alter the ownership of the property and can seem daunting, but with the right legal expertise, it becomes a transparent and manageable endeavour.
If you are considering transferring part or all of your property, get in touch with us to discuss whether this is the right option for you and how to move forward if so.
Equity Release
Equity release mortgages offer a pathway for homeowners to access the value tied up in their property without the need to sell it. We will assist with legal implications and explaining in clear plain English the complexities of the mortgage agreement, ensuring that our clients comprehend the terms, conditions, and potential consequences involved, highlighting to you the key clauses, fees, and repayment structures to empower our clients with informed decision-making. We will act as advocates for our clients, liaising with lenders and financial institutions to safeguard their interests and ensure fair treatment throughout the transaction.
First Registrations
In the rapidly evolving landscape of property ownership, ensuring that your rights and assets are fully protected is paramount. One pivotal step in fortifying this protection is the voluntary first registration of unregistered property.
The process of voluntary first registration safeguards your property rights, providing clarity in ownership and ensuring smoother future transactions.
Adverse Possession
When considering whether you will have a successful claim for adverse possession, there are many elements and criteria that must be met in order to successfully register land in your name without the correct legal documentation. We will sit down with you to discuss the history of the land, your use of the land and go through the criteria with you to let you know if you are likely to be successful. Should you wish to proceed, we will prepare all Land Registry forms and documents with precision & accuracy ready to be submitted for you.
Easements
An easement is like a magical key that unlocks access or use of one property by another. Think of it as a pathway or permission slip that allows you to do something on someone else’s property. In simple terms, it’s a legal arrangement that lets you use a part of another person’s land for a specific purpose, even though you don’t own it.
We can assist you with all advice and necessary drafting to enter into a legally binding agreement either over someone else’s land or allowing someone access over your land ensuring both parties’ interests are protected.
Declaration of Trust
A Declaration of Trust serves as a robust instrument to define and protect those rights, especially when multiple parties are involved. These are often used where parties wish to own a property jointly however have contributed different amounts financially, so each person’s share is set out clearly.
We can give advice and draft this document for you to ensure each person’s interest is protected.
