What tax do you pay when selling commercial property?
Commercial property refers to as property that’s used to generate profit, either from rental income or capital gain. If you’re the owner of a commercial building and feel like it’s time to part ways with it and start new, there are a number of things you need to...
Do you need a solicitor when buying at auction?
If you’re thinking about purchasing a property through an auction for the first time, you probably have a lot of questions. One of the most common questions first-time auction buyers have is whether you need a solicitor when buying a house at auction. Answering this...
Becoming a commercial landlord: What you should know
It’s a common misconception that a lot of capital is required to be able to invest in commercial premises and that it’s only for large-scale investors. Naturally, the larger the building the more expensive it will be, but there are many smaller retail and office...
5 reasons why your mortgage offer was declined
If you’re new to understanding the property ladder and mortgages, you might have been asking yourself ‘can a mortgage be declined after offer?’ unfortunately the answer to that is yes. As upset and frustrated you will likely feel if your mortgage application is...
Who organises a survey when buying a house?
When buying a new home, getting a survey done is extremely important. This is because it will tell you whether the property is worth the price, you’re going to pay for it and if you’ll be stuck with any big repair bills when you own it. If this is your first home and...
Residential vs Commercial Property: What you should know
The property market is always changing, which presents various challenges for business owners, landlords, tenants, buyers, and renters. Changes within legislation and rules mean that residential and commercial properties can change their uses. In this article, we’ll...
Is it worth buying the freehold of my house?
When a property is sold, sometimes it won’t come with the land that it is built on. So, any buyers that are about to start the process of purchasing a house should double check which basis both the property and the land are being sold on prior to committing to it....
Do you pay stamp duty on commercial property?
If you’re interested in buying a non-residential property like shops, offices, or work units, there is so much to do and think about you may not be aware of whether you are required to pay stamp duty on your commercial property. In most cases, buyers will be subject...