To specify exactly what is included in the sale of property in a short blog is impossible. However, for the purposes of this item, we’ll exclude mineral rights and the legal definition of Freehold and Leasehold interests and look at something more basic!
There is no specific definition of what is included and what is not. Neither is there a definite list of items that are fixtures or fittings. However, it is generally accepted that fixtures (attached substantially to the building like light fittings and fitted wardrobes) are usually defined as fixtures and would normally be sold with the house. Fittings are less permanent (such as carpets and curtains or lampshades) and are usually not included in the sale.
Where disagreements break out over this matter it’s usually because of assumptions and a lack of communication. Therefore, it’s worth both parties making some simple precautions. They are;
The Seller should:
The Buyer should:
It is quite possible a seller will leave things you didn’t expect. If that is a garden shed, you may be happy. If the shed is full of old tires, you may not. Never assume. Always clarify.
Statistics now show that those looking to purchase a property would have to save a deposit bigger than their annual gross pay.
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Here are the lowest fixed mortgage rates of the week, available to first-time buyers, home movers, buy-to-let, and those remortgaging.
Call us for more information: 01628 507477 or email: team@mortgagerequired.com.
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Here we have shared some tips to create a healthier sleep.
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Nationwide is the first lender to allow mortgage deeds to be signed electronically and without the need for a witness.
‘My First Mortgage’ from major high-street lender Santander is specifically for those wanting to buy their first property. It allows first-time buyers to purchase 98% of the property’s value. However, certain criteria must be met to be eligible.