Moving home can quickly become an expensive exercise. In addition to the obvious costs such as a deposit, stamp duty, surveyors, solicitors etc, there are a number of other ancillary costs which people sometimes fail to take into account when putting their budget together.
The industry has a propensity to shroud property transactions in mystical terms such as “title, tenure, searches” and the like. But when it comes to leasehold property, we tend to take the jargon to a whole new level. To bust the jargon, we explain the meaning of frequently encountered leasehold terms.
Worthing is fast becoming a popular location for people to call home. Once thought of as a sleepy enclave for retirees, it is now becoming the location of choice for commuters and locals looking for affordability and lifestyle. After all, Oscar Wilde lived here for a summer - so it can't be too bad.
So, you have found your dream home and your offer has been accepted. What’s the next step? You are about to make one of the largest financial commitments of your life and borrow money that might take 25 years or more to pay back. It’s certainly worth doing some “due diligence”.