coronavirus

Levi Solicitors LLP Conveyancing – COVID-19 Guidance

*Updated 26 March 2020* In order to comply with current Government guidance and to exercise recommended practice to protect our staff and our clients from COVID-19 we have now closed our offices to the public and for the time being our staff are working from home where possible. Whilst calls are…


buying a house with friends

Buying a house with friends - Frequently Asked Questions

This week, we joined in with a Law Society Twitter discussion about buying a house with friends. If you weren’t able to join in #SolicitorChat, here are our answers to the questions. 1. How many people can become owners of a single property? What rights do they have? Up to four people. They…


airbnb

Short-term lets and AirBnB

It is becoming increasingly common for owners and occupants of flats in city centres to try to maximise the financial use of those flats by letting them out to short term guests via websites such as AirBnB. The money that can be made, coupled with the protections provided by AirBnB, are often…


leasehold property

Buying a leasehold property: Our top tips

Buying a leasehold property is quite different to buying a freehold property. There are a number of things to consider, so here are our top tips. Leasehold v Freehold Firstly, its important to understand what a leasehold property actually is. A leasehold property is a home that’s owned for a fixed…


equity loan

Help to Buy equity loan scheme: A helping hand onto the property ladder

Are you thinking of getting a foot on the property ladder or wanting to ‘upgrade’ your present home? If so, the Government’s Help to Buy equity loan scheme may be just what you need to help achieve your dream home. Unfortunately, however, the Government has stated that intends to stop the scheme in…


joint property ownership

Joint property ownership

Joint tenants v tenants in common When you buy a property with another person or people, you can either buy as ‘joint tenants’ or ‘tenants in common’. It is important to consider both options to decide which is the most suitable for your circumstances. Clients often ask us…


help to buy

Help to buy ISAs - there's still time!

First Time Buyers have been able to save money towards their first home in a Help to Buy ISA since the Scheme began on 1 December 2015. The scheme provides a 25% bonus on savings; with the minimum bonus being £400 and the maximum being £3,000 depending on the balance saved in the ISA. From 30…


Help to buy schemes for first-time buyers

Buying a house is one of the biggest investments you will make in your lifetime and we understand that it can be especially difficult when you are a first-time buyer. The government has set up various help to buy schemes to assist first-time buyers get their feet on the ladder. Let’s take a look at…


deposit

How to buy a house with just 5% deposit  

The standard amount of deposit generally required to purchase a house is 10% of the purchase price. When you’re a first-time buyer, this can be a huge and daunting figure to even consider saving for. Under the Help to Buy Scheme, introduced by the Government in April 2013, home buyers can purchase…


What is a flying freehold?

There are two main types of land ownership: freehold and leasehold. Freehold ownership is where the person owns outright all of the land and buildings on a plot. For example, houses are usually freehold properties. On the other hand you have leasehold property. This is where a property is owned for…