If you have ever been asked by your solicitor to provide bank statements, proof of income, or details of where your deposit or purchase monies come from, you might have wondered: “Why is this even necessary?” We can feel intrusive or unnecessary, but these questions are not arbitrary. They are part of legal requirements called anti-money laundering (AML) checks, which…
When purchasing a property or undertaking a development project in the UK, you may come across the term Community Infrastructure Levy (CIL). While often overlooked, CIL is a crucial financial consideration impacting property transactions and development costs. This article aims to provide a clear and comprehensive understanding of CIL, who it applies to, and how it affects homebuyers and property owners.…
One of the most important distinctions buyers must understand when buying a property in the UK is whether the property is leasehold or freehold. This distinction impacts ownership rights, responsibilities, and long-term financial commitments. Despite ongoing reforms, confusion over leasehold and freehold ownership remains a major issue for homebuyers. Raza, has over 24 years of experience in legal practice. His…