Home Thoughts - and Some Advice ; Buying a House Is a Serious Business, Probably the Biggest Purchase Most of Us Will Make. It Pays to Do Your Homework, Read the Small Print, and Get On Close Terms with Every Aspect of What Can Be a Bewildering Prospect. It Needn't Be. Here, Thanks to the Government's Consumer Advice Website - Www.Consumerdirect.Gov.Uk - We Take You Through Your Need-to-Know Information

Herald Express; Torquay (UK) › February 12, 2010

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Summary

Property particulars and viewing THE estate agent can provide a written description of the property (known as property particulars). This will give you an idea of what a property is like. It is against the law for an estate agent to make false or misleading statements about a property. For example, if the particulars say the property has double glazing and loft insulation, it should have these features.

You may see these terms in property particulars: Freehold: the seller has full ownership and the right to sell the property. Most houses are freehold.

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Extract

Home Thoughts - and Some Advice ; Buying a House Is a Serious Business, Probably the Biggest Purchase Most of Us Will Make. It Pays to Do Your Homework, Read the Small Print, and Get On Close Terms with Every Aspect of What Can Be a Bewildering Prospect. It Needn't Be. Here, Thanks to the Government's Consumer Advice Website - Www.Consumerdirect.Gov.Uk - We Take You Through Your Need-to-Know Information

Leasehold: the seller has a lease on the property for a set time period. The seller can sell the remaining time on the lease but the property is ultimately owned by a freeholder. Most flats are leasehold.

If there are terms you do not understand, ask for an explanation.

If you think you might be interested in buying a property, the next stage is to go and see it. However, if you view a new property, or one that is still under construction, you may be asked to pay a non-refundable deposit or sign papers if you are interested in buying. Get advice from a solici...

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