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 >>

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

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

Boris Johnson’s Election Property ‘Promises’

Monday, 16th December 2019 | by: Matthew Price

Having secured the Conservatives a 'stonking' 80 seat majority on Friday and having spent the weekend showing his gratitude to his new northern supporters, Boris Johnson's attention can now shift to delivering on the promises of his manifesto.Aside from Brexit, there are the headline-grabbing, 40 new hospitals, 20,000 new police officers and ... Read more >>

Right of first refusal (RFR) is invoked when the freeholder (landlord) wants to sell their interest in a building that is subject to RFR legislation and they are required under the Landlord and Tenant Act 1987 (the “1987 Act”) to offer this interest to the leaseholders first.This can be the entire freehold, part of the building or common ... Read more >>

The process of preparing a Reinstatement Cost Assessment involves a site visit to inspect the property, take measurements and site notes detailing the type and quality of the accommodation, a calculation of the likely reinstatement cost of the property based on the information gathered during the inspection, and the recording of this information ... Read more >>

Categories: Surveying, Valuation

Don’t forget your License to Alter!

Tuesday, 29th January 2019 | by: Matthew Price

There are many different elements that will need to be considered in order for the vision of your extension to become a reality and it is apparent that a layperson is often unaware what professional help may be required along the way - there are the obvious ones; Architect, engineer and contractor, and to a lesser extent, the party wall ... Read more >>

Help to buy, shared ownership schemes and staircasing

Thursday, 20th December 2018 | by: Peter Barry

With house prices in some areas of London having risen 10-fold over the last 20 years it is becoming increasingly more difficult for young people to get their foot on the property ladder. Initiatives that have increased in popularity since they were first introduced in 2013 are the Help to Buy and Shared Ownership schemes.The Help to Buy ... Read more >>

Categories: Surveying, Valuation

Leasehold properties: What you need to know before you purchase

Tuesday, 20th November 2018 | by: Matthew Price

Leasehold properties: What you need to know before you purchaseWritten By Matthew Price of Peter Barry Surveyors & Matthew Barrett of Thirsk Winton LLPThere are many things to consider when deciding whether to purchase leasehold property. Such properties are, by necessity, burdened by greater legal and valuation complexities and it ... Read more >>

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