Latest blog posts

Buying your Freehold – A Simple Example

Tuesday, 4th February 2020 | by: Matthew Price

We have previously covered worked examples of how a typical lease extension works but never freehold purchases (enfranchisements) as these are more complicated.It shouldn't really be this way, so this article will look at a typical scenario that Peter Barry encounters with a focus on simplicity. Part 1 - The Basics Of all the flat owners in ... Read more >>

Loft Conversion Valuation – A Simple Guide

Thursday, 30th January 2020 | by: Matthew Price

We have previously written blogs on this matter first in 2013 and then in 2017 we have taken hundreds of calls from clients who thanked us for explaining an often poorly understood process.But before the author gives himself a pat on the back, it has also come to my attention that we could offer an even clearer explanation. In 2020 where time ... Read more >>

The Great Stamp Duty Gamble

Tuesday, 21st January 2020 | by: Peter Barry

Budget day has been announced for March 11. Will the Chancellor go ahead with the 3 percent surcharge on non-resident properties? Will he realise the Prime Minister's pledge of removing the stamp duty (SDLT) burden from buyers of properties below £500,000? What about the possible cut in the current 10% paid between £925,000 and £1,5m to ... Read more >>

Categories: News

UK Housing Market gets Boris Bounce

Friday, 17th January 2020 | by: Matthew Price

The recently published RICS Residential Market Survey has found that the Conservative's December election victory is now translating into positive effects. In its report,  17% of RICS members reported rises as opposed to falls in buyer enquiries. In addition to this, 31% of members expected transactions to rise over the next quarter. 61% of ... Read more >>

Categories: News, Surveying

Selling Your Property Privately

Monday, 13th January 2020 | by: Matthew Price

Selling your house typically involves placing it on the open market with an Estate Agent where there are thousands of potential buyers. But what if you are not offering your property up to all these buyers? What if you are selling privately to another individual, perhaps even someone you who or a family member. Estate Agent or Surveyor Both ... Read more >>

Categories: Valuation

A Fair Lease Extension?

Friday, 10th January 2020 | by: Matthew Price

One common type of enquiry we receive at Peter Barry, involves a leaseholder who's freeholder also resides in a property in the same building.  The leaseholder wants to extend their lease. As the two parties are neighbours, is it possible to grant this but it will still depend on particular circumstances. Leaseholder owns Share of Freehold If ... Read more >>

Inheritance Tax and Jointly Owned Property

Thursday, 9th January 2020 | by: Steve Hobbs

When two people own a property together the property will be held, in terms of legal title, either as ‘joint tenants’ or as ‘tenants in common’. The primary difference is that when a property is owned as ‘tenants in common’ each party owns a distinct, identifiable share in the property. This may happen, for example, if one of the ... Read more >>

Categories: Valuation

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