Stepping onto the property ladder marks a significant point in any person’s life. We want it to be one you take with confidence, for now and for the future. Your home is often your most valuable asset, so it makes sense to take steps to protect your investment in case things go wrong in future, particularly if you are buying a property jointly with someone else.
In this section, we look at some of the ways we can help you to make sure the purchase goes smoothly and to protect your interests long term.
Our team of residential property specialists are here to take you through the process of buying your home. They will take care of all the legal aspects of moving house and help you understand your rights and liabilities, making sure that the transaction runs as smoothly as possible. We also offer no-move no-fee insurance which protects you from legal costs if the purchase falls through. Our useful guide to conveyancing gives you more information about the process.
Co-Habitation Agreements & Declarations Of Trust
You may choose to buy your home on your own, or in a shared arrangement with somebody else, usually a spouse, partner, relative or friend.
Any breakdown in your relationship with a co-habitee could lead to a messy wrangle over rights to the property. So it is sensible to agree and formalise entitlements from the outset in a properly drafted co-habitation agreement. Contact one of our family law specialists to find out more.
If you are buying your property with a third party, then you could consider a Declaration of Trust to clearly define how the property is held and the percentage owned by each co-owner. A Declaration of Trust is a binding document which can also address the obligations that arise from owning property such as contributions towards mortgage payments, responsibility for maintenance charges or improvements, and deal with arrangements for the sale of the property following a dispute or falling out. Our residential property department can give you further advice.
Making a will sets out how you would like your possessions to be dealt with when you die. Your home could well be your most valuable asset and so you should make sure that it will be inherited in the right way, by the right people. Our wills, trust and wealth management specialists can help you take care of these arrangements, as well as advising you on tax efficiency and trusts.
Landlord & Tenant Disputes
Moving to your own property from rented accommodation needs some careful planning. Landlords can be quick to challenge tenants on unpaid notice period rent, or on the condition in which they leave their property. A housing specialist can advise you on the preparatory steps you should take and, if a dispute arises, help you resolve it quickly.