Estate Agent e-news

Purchasers receiving gifted deposits towards a residential property purchase

Napthens - June 20th 2018
Sometimes, the only way a number of people can buy a home is with the assistance of financial contributions from relatives or friends.  Gifted deposits sometimes referred to as the “bank of mum and dad” have become the only route for many new homeowners. Carly Smith discusses how these transactions need to be handled.
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Searches: what happens when results received?

Napthens - May 23rd 2018
When buying a property, various searches are obtained, especially when the buyer is purchasing with the assistance of mortgage finance. Turnaround time for obtaining searches can take anywhere from a couple of days to a few weeks - but when the searches are received it doesn’t mean the job is finished.
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Is building regulation approval required?

Napthens - April 30th 2018
From time to time, the absence of building regulations approval can be a stumbling block to progress on a sale. In this article we provide you with an overview of the facts and options surrounding building regulations that we discuss with our clients.
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New Year – new start

Napthens - January 25th 2018
January is usually the month where people find themselves assessing their current living arrangements and relationships, and as a result, perhaps looking to make changes to their lives. January is also the month for fresh starts and breaking old habits. This can have a positive or a negative effect on the individuals involved as sometimes this involves people breaking up, whether they decide to divorce, separate or go their separate ways as a co-habiting couple.
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Budget reaction

Napthens - November 22nd 2017
The abolition of Stamp Duty for first time buyers purchasing properties up to £300,000 is to be welcomed. According to the UK House Price Index for May 2017, the average property value in the UK was £220,713, so this will definitely generate some movement from the bottom up. The change will assist some downsizers as well.
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Leasehold property – is there a problem?

Napthens - October 24th 2017
There has been a lot of press coverage recently, mostly negative, in relation to owning leasehold properties.  As a result, some prospective purchasers feel nervous about the thought of buying a leasehold property, or are put off altogether. Reforms to leaseholds have been proposed, and it is hoped that these proposals will move forwards, particularly the issues current leaseholder face.
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