Buying
Deciding to buy a new home is one of most significant financial commitments most of us will make in our lifetime. Whether it’s a first step onto the ladder, a move to something larger or downsizing for your golden years, it can certainly seem daunting and a little stressful.
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.
The two primary forms of interest that can be held in property in the UK are freehold and leasehold. For a buyer, it is very important to understand the difference between the two, as each form of interest carries differing rights and obligations.
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.
