What is Gazundering? We are all familiar with the notorious method known as gazumping, in which a house seller accepts an offer for their property despite having already sold it to another party (subject to contracts being exchanged). But not all estate agents act unethically. T Gazundering is when a buyer may suddenly lower their…
As we all understand, internal features such as a brand-new bathroom or an open-concept kitchen can surely increase the value of your home. However, it’s not called location, location, location for nothing, and if you are fortunate enough to own a home with a sea view, you can anticipate a substantial increase in property value….
We often hear from frustrated landlords who, despite serving notices to their tenants, are told the local authority won’t re-house them. This forces landlords to pursue eviction to repossess their property which can be lengthy and costly. So what obligations do councils have when it comes to rehousing evicted tenants? Are Councils Legally Obliged to…
Want to locate a good deal on your next home? Or have you recently learned that the house of your dreams will be under the hammer? If you are well-prepared, property auctions can be an excellent method for buy a home. Fortunately, the procedure is not too difficult to grasp. Let’s go over the fundamentals……
For the majority of buyers, their conveyancing transaction is complete on completion day (when they buy a property), or the day you move into your new home which is the day of completion. It represents the goal you have been striving towards and the end of all legal actions. But in reality, your solicitors or…
I’ve agreed to purchase my first property; what’s next? Moving is distressing for everyone, regardless of their level of experience. To clarify the home buying process for a first-time buyer, we have broken down a typical purchase price into seven step-by-step guide to buying your first time home, outlining what must be accomplished before buying…
The Scottish Government has announced a devolved tax and stated that the Additional Dwelling Supplement (ADS) charge for Land and Buildings Transaction Tax (LBTT) will increase from 4% to 6%. Scotland’s equivalent of stamp duty is called LBTT. Both residential and commercial property transactions in Scotland are subject to this property tax. In addition to…
The Offer is just the first step in the process People frequently believe that in Scotland, once your offer is accepted, you, the buyer, and the sellers are parties to a legally binding contract. It is a little more complicated than that; that is not the case. Not because we, as solicitors, desire things to…
The adoption status of a road is an important consideration for homebuyers. When a local council adopts a road, they maintain the road surface, pavement, and any grass verges. For unadopted roads, homeowners are responsible for maintenance. Under the Roads (Scotland) Act 1984, if a private road is built to the consented standard, the builder…
The Clauses Form the Basis of business transactions in Scotland You have saved up scrupulously for months, found the property of your dreams, and now you have had your offer accepted. You are finally ready to begin moving home and you have instructed your solicitor to arrange the legalities for you. However, there are many…
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