Call for free consultation: 02046188080
Working time: Monday to Friday
In England, when two or more people own a property together, they can do so either as joint tenants or as tenants in common. Here are the key differences between these two types of ownership:
Joint Tenants
Tenants in Common
Both forms of ownership have implications for estate planning and property management, and the choice between them can significantly affect how property is handled upon the death of an owner.
A buy-to-let property is a type of real estate investment where an individual purchases a residential property specifically to rent it out to tenants. This investment strategy is popular in the UK and involves several key aspects:
Key Features of Buy-to-Let Properties
Buy-to-let properties can be a lucrative investment, but they also come with risks and responsibilities that potential investors should carefully consider.
Lender-separate representation in conveyancing refers to a situation where the mortgage lender and the borrower (purchaser) are represented by different solicitors or conveyancers in a property transaction. This approach contrasts with joint representation, where the same solicitor acts for both the lender and the borrower. Here are the key aspects of lender-separate representation:
Reasons for Separate Representation
Process
Advantages
Disadvantages
Lender separate representation is a common practice in certain circumstances, particularly when lenders have specific requirements or when the transaction involves complexities that necessitate independent legal advice for both parties.
Phoenix Law Associates Ltd trading as Phoenix Lawyers is authorized and regulated by Solicitors Regulation Authority with SRA No: 8008776