First-time homebuyers and developers will welcome launch of a new version of the government’s Help to Buy: Equity Loan scheme, to run from 1 April 2021 to 31 March 2023.
As many of you will have noted recently the Land Registry have removed the last stringent requirement to print and sign a paper document in a property transaction by confirming acceptance of electronic signatures.
The Government are now urging all buyers and sellers of occupied properties not to complete unless they have already exchanged contracts; and it has proved impossible for the parties to that transaction, to agree an alternative deferred completion date.
When buying a property, whether it be for the first time or one of many, deeds to a property must be inspected properly to avoid any nasty surprises rearing their head further down the line.
The Right to Buy scheme is not a new concept and has been around from 1980. However, some may still not be aware of what the scheme allows secure tenants of councils to do and the scheme may not last forever.