Buying in the UK, part six: legalities
The UK property market is quite idiosyncratic, and can be confusing for those buying from abroad. What is freehold, and what is leasehold, and how do these impact ownership rights? This week, in part six of Buying in the UK, we’re looking at these key legal elements of the process of buying a house in Britain, whether as a permanent residence or an investment.
What should I look out for when buying a new home?
Around 200,000 new homes are built in the UK each year. Although 87% of buyers were satisfied overall with the quality, 34% said their home had more problems than they expected. Buyers need to do a thorough check, known as ‘snagging’, and be legally protected. So what should you, or a professional snagger, be looking out for?
Buying in the UK: scouting trips
With so much tech at our fingertips, we can practically view a property from the comfort of our own living room. But, like internet dating, seeing it online and in person can be quite different – which is where your viewing trip comes in. So whether you call it a viewing trip or a scouting trip, what do you need to know to make it a success?
