Collective Enfranchisement is a process that allows tenants in the residential property to collectively purchase their freehold. This is great news for those who wish to take control of their own home, but it can also be a complex process. In this post, we will explore the rights surrounding Collective Enfranchisement, how it works and… Continue reading Collective Enfranchisement: Your Rights and How it Works
The tenancy in this context does not refer to the usual meaning where one pays a landlord to occupy the property for a period of time but rather refers to the ownership of a property. Ownership of property can either be solely owned or co-owned. And Co-ownership is either one of the two types, either… Continue reading Joint Tenancy -vs- Tenancy in Common – What is the Difference?
Vida Home loans Preferred Conveyancer Panel consists of conveyancing firms that have met their strict standards and that are accredited under the Law Society’s Conveyancing Quality Scheme (CQS). These solicitors are selected for their consistency and depth of experience in conveyancing. Ola Leslie Solicitors have approved/preferred conveyancer status with Vida home loans and we are… Continue reading Soclitors on the Vida Home Loans Preferred Conveyancing Panel
Overview What is a service charge apportionment? When a freeholder or management company arranges for shared maintenance and repairs of a building or estate this is usually charged back to the property owners on a monthly, quarterly or annual basis and an annual statement is usually produced. When the property is sold the contract… Continue reading Conveyancing service charge apportionments and retentions
Twitter Facebook Linkedin Envelope (Article courtesy of the Homeowners Alliance) Leasehold v Freehold – what’s the difference? It may seem like technical legal language, but there are few things more important about your home than whether it is freehold or leasehold. It makes the difference between owning your own home outright, and having a landlord… Continue reading Difference between Leasehold and Freehold
Stamp Duty Land Tax Contents Overview Residential property rates Rates for non-residential and mixed land and property Land and property transfers Shared ownership property Reliefs and exemptions Overview You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England and Northern Ireland. The tax… Continue reading What is Stamp Duty Land Tax (SDLT)?
If you’ve ever bought or sold a property, then you have probably come across the term ‘property chain’ before. But what is a property chain and how does it affect you? What is a Property Chain? A property chain is a term used for buyers and sellers who are linked together in a sales transaction.… Continue reading What is a Property Chain?
You should be aware that in the event of a failure of a bank:- It is unlikely that Ola Leslie will be liable in negligence if client money is lost following the collapse of a deposit-taking institution, as long as we have placed the money in accordance with the Solicitors’ Accounts Rules (SARs). However, any… Continue reading Protection for client money held by solicitors following the collapse of a Bank
Solicitors offering a convenient remote Independent Legal Advice service, or witnessing and certification services via our London Bridge SE1 office, or Putney SW15. When you purchase or remortgage a property, there may be some elements which require receiving independent legal advice from a different solicitor within a different firm. A third party connected with your… Continue reading Witnessing and certification services via our London Bridge SE1 office, or Putney London SW15
Solicitors on the legal panel for Newbury Building Society Ola Leslie Solicitors LLP have been CQS accredited since February 2012 which was shortly after the scheme was launched. This provides mortgage lenders with the assurance that the solicitors who are acting for them and their borrowers will provide a very high standard of work. We… Continue reading Solicitors on the legal panel for Newbury Building Society