Why should I get a structural survey? 

What is a NHBC? 

What are the main documents which need to be completed for a residential sales transaction? 

Why do we check source of funds for clients? 

At what point when taking a lease should I take legal advice? 

Do I need a solicitor to look over a lease before I sign? 

When do I have to transfer funds on a purchase? 

What does exchange of contracts mean? 

When should I take out building insurance? 

How long does it take to complete? 

What are searches? 

Why are searches important? 

Is there anything I need to do on completion day? 

General Property Law FAQs 

What is conveyancing? 
Conveyancing is the legal process of transferring property ownership from one party to another. It involves various stages, such as drafting contracts, conducting property searches and registering the new owner with HM Land Registry. Whether you're buying, selling or remortgaging, conveyancing ensures that the transaction is legally valid and protects your interests. 
 
What is the difference between freehold and leasehold? 
Freehold ownership means you own both the property and the land it stands on outright. Leasehold ownership, on the other hand, means you own the property for a set period (e.g. 99, 125 years etc), but not the land it sits on, which remains owned by the freeholder. Leaseholders often have to pay ground rent, service charges, and adhere to specific terms in accordance with the lease. 
 
What are property searches and why are they important? 
Property searches are checks conducted by your solicitor to uncover potential issues that could affect the property. These include a local authority search (this reveals any planning permissions, building regulation consents, new road proposals etc), a water and drainage search, and an environmental search (e.g. flood risks, ground stability etc). They are essential for ensuring that you make an informed decision before proceeding with a purchase. 
 
How long does the conveyancing process take? 
The average residential conveyancing process takes 8-12 weeks. However, this can vary depending on factors such as the property chain, mortgage approvals, and any unexpected legal complications. At Ancora Law, we aim to streamline the process and keep you updated every step of the way. 

Residential Property FAQs 

What documents do I need when buying or selling a home? 
If you're selling, you'll need documents such as: 
 
Title deeds (proof of ownership) – if your property is registered at HM Land Registry you may not have any title deeds in your possession. 
A valid Energy Performance Certificate (EPC). 
Building Regulations Certificate(s) – to evidence that any work at the property was carried out in accordance with Building Regulations 
Warranties and Guarantees (if applicable) 
 
If you are selling a property, your solicitor will require proof of ID. 
If you are buying a property, your solicitor will require proof of ID, proof of funds, and your mortgage offer (if applicable). 
 
What does exchanging contracts mean? 
Exchanging contracts is the point at which the sale becomes legally binding for both the buyer and the seller. Once contracts are exchanged, both parties are committed to completing the transaction. At this stage, a completion date is also set. 
 
What is gazumping and how can I protect myself? 
Gazumping occurs when a seller accepts a higher offer from another buyer after agreeing to sell to you. Whilst frustrating, it’s legal in England and Wales. To minimise the risk, ensure that you begin the conveyancing process quickly and request that the seller takes the property off the market after your offer is accepted. 
 
What is the process for buying a new build home? 
When buying a new build property, the process involves: 
Signing a reservation agreement with the developer and paying a deposit. 
Conducting legal checks, including planning permissions and warranty coverage (e.g. NHBC warranty). 
Exchanging contracts, often within 28 days of reservation. 
Completion, which may coincide with the property being fully built. 
 
Working with a solicitor experienced in new build purchases is essential to ensure that all contracts and warranties are in place. 
 
What happens on completion day? 
Completion day is when the remaining funds are transferred, and the property officially becomes yours. Once receipt of the payment is confirmed, you’ll receive the keys to your new home (usually from the estate agent or from the seller direct). 

Commercial Property FAQs 

What is a commercial lease? 
A commercial lease is a legally binding agreement between a landlord and a business tenant, outlining the terms under which the tenant can occupy a property. Key aspects include the rent amount, lease duration, maintenance responsibilities, and rights to terminate or renew the lease. 
 
What is a break clause in a commercial lease? 
A break clause allows either the tenant or the landlord to terminate the lease early, subject to specific conditions and notice periods. Break clauses offer flexibility but often require strict compliance with the lease terms to be valid. 
 
What are the key responsibilities of a commercial tenant? 
As a commercial tenant, your responsibilities typically include: 
 
Paying rent and service charges on time. 
Maintaining the property (depending on the lease terms). 
Adhering to permitted use and occupation clauses. 
Ensuring compliance with health and safety regulations. 
 
What legal documents are required when selling a commercial property? 
When selling a commercial property, you’ll need: 
 
Title deeds – if the property is registered you may not hold any title deeds. 
Copies of leases (if there are existing tenants). 
Asbestos reports and Energy Performance Certificates (EPCs). 
Details of any planning permissions or building regulations compliance. 
 
What is the process for assigning a commercial lease? 
Assigning a commercial lease involves transferring your leasehold interest to another party. You’ll need your landlord’s consent (often via a Licence to Assign) and may remain liable for the rent if the new tenant defaults, depending on the lease terms. 

Buy-to-Let Landlords FAQs 

What are my responsibilities as a buy-to-let landlord? 
As a landlord, your primary legal responsibilities include: 
 
• Ensuring that the property is safe (e.g. regularly obtaining gas safety certificates, fire alarms and electrical checks). 
• Providing tenants with a valid tenancy agreement. 
• Protecting tenant deposits in a government-approved scheme. 
• Handling repairs and maintenance in a timely manner. 
 
Failure to meet these obligations can result in legal penalties. 
 
Do I need a licence to rent out my property? 
Some local councils in the UK require landlords to obtain a licence under their selective or additional licencing schemes. Check with your local authority to determine if this applies to you. 
 
Can I evict a tenant before the tenancy ends? 
Yes, but only under certain conditions. You’ll need to follow the correct legal procedure, such as serving a Section 21 or Section 8 notice, depending on the circumstances. Evictions must comply with current housing laws to avoid penalties. Please note that the current legislation, ‘The Renters’ Rights Bill’, is due to be reformed and new laws are to be implemented in 2025. 
Get in touch 

With Ancora Law 

Call us on 01482 426 121, email hello@ancoralaw.co.uk or request a call back by filling in this form.