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April 2007
Home Information Packs - Launch Looms
Sun, 01/04/2007 - 00:00 — Georgina Smith
Home Information Packs - Launch Looms
writes Lorraine Smallwood from Sydney Mitchell Solicitors and Estate Agents
The Government has confirmed that Home Information Packs (HIPs) are to go live on 1 June 2007, following their trial at several locations throughout the country. After that date, all vendors of houses and flats in the UK will have to supply prospective purchasers with a HIP. This includes sales made at auction.
writes Lorraine Smallwood from Sydney Mitchell Solicitors and Estate Agents
The Government has confirmed that Home Information Packs (HIPs) are to go live on 1 June 2007, following their trial at several locations throughout the country. After that date, all vendors of houses and flats in the UK will have to supply prospective purchasers with a HIP. This includes sales made at auction.
I Can't Raise The Mortgage - Do I Lose My Deposit?
Sun, 01/04/2007 - 00:00 — Georgina Smith
In the UK, property purchases proceed in two stages. The first is when there is an 'exchange of contracts', when a deposit (normally ten per cent of the purchase price although sometimes less on negotiation) is paid. On completion, the balance of the purchase price is paid.
Where the vendor is a developer, it is common for the contract to specify that a ten per cent deposit is to be paid, but the developer may well agree to a smaller sum being paid to reserve the property.
Where the vendor is a developer, it is common for the contract to specify that a ten per cent deposit is to be paid, but the developer may well agree to a smaller sum being paid to reserve the property.
Check Your Home Insurance Policy
Sun, 01/04/2007 - 00:00 — Georgina Smith
Increasing numbers of people are spending substantial periods of time away from their homes on account of working away, having a second home or for any of a number of other reasons. Houses can also frequently be empty for substantial periods after the death of the owner or prior to sale. If you are the owner of, or are responsible for, a property that is likely to be unoccupied for a considerable period it is worth checking your house insurance policy.
Parting Not Sweet When Terms Ambiguous
Sun, 01/04/2007 - 00:00 — Georgina Smith
They say that partings are seldom sweet. This is especially true where an ambiguous termination clause is concerned.
This was the issue in a case that recently came before the Court of Appeal. It involved a firm called Artpower, which contracted to produce and sell clothes from the range of another company, named Bespoke Couture.
This was the issue in a case that recently came before the Court of Appeal. It involved a firm called Artpower, which contracted to produce and sell clothes from the range of another company, named Bespoke Couture.
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