Liz Searl interview with Steve Frost

In this interview, Liz Searl and Steve Frost discuss keeping your house move progressing as smoothly as possible during the coronavirus lockdown. You can still carry on with your house sale or purchase Following her interview, Liz added: We appreciate that there is a lot of uncertainty at the moment, and the Government’s guidance is […]

How does a Lifetime Mortgage work?

For those over the age of 55 who consider themselves “property rich but cash poor”, a Lifetime Mortgage could help free up some of the money tied up in their home to raise funds without the expense or inconvenience of having to sell and downsize. Understanding if a Lifetime Mortgage can work for you Releasing […]

What is Independent Legal Advice (often known as ILA)

Independent Legal Advice, or ILA as it’s often referred to, is where a lender requires you to seek specific, independent advice in relation to transaction documents they are asking you to sign. When is Independent Legal Advice needed? There are several different types of transactions where an individual or individuals will be asked to obtain […]

9 Top Tips for First Time Buyers

Buying your first property is an exciting and often slightly daunting experience. We’ve put together nine helpful tips to demystify the process for first time buyers and help you along the road to a smooth and pain-free purchase. 1. Consider the costs of moving home First and most importantly, avoid setting yourself up for disappointment […]

What is an Energy Performance Certificate (EPC)?

An Energy Performance Certificate or EPC provides information about a property’s typical energy use and costs. It also includes recommendations on how to make the property more energy efficient, to reduce energy usage and save money. It gives a rating a scale from A (most efficient) to G (least efficient) and is valid for 10 […]

Head of Residential Property interview about the UK Housing Market

Legal information library LexisNexis recently interviewed Liz Searl, Head of Residential Property here at Backhouse Solicitors about the state of the UK property market. The resulting article discusses the difficulties of getting onto the housing ladder in the UK, how the Government is attempting to solve the problem and suggests other ways that the problems […]

The rise in popularity of Equity Release Mortgages

Quarterly figures recently released by Equity Release specialist Key Retirement continue to show a strong demand for Equity Release products across the UK.  Read on to find out more. What is an Equity Release Mortgage? An Equity Release Mortgage, also known as a Lifetime Mortgage, enables you to take out a loan secured against your […]

Lease Extensions – 10 Common Questions Answered

The two most common ways to buy property in the UK are freehold and leasehold. Buying freehold means that you own the building and the land on which it stands outright – this is common for standalone properties such as houses Buying leasehold means that you aren’t buying the property, but rather the right to […]