PCS Legal Podcast

PCS Legal
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Welcome to the PCS Legal Podcast. We are a firm of specialist Property lawyers regulated by the CLC. We hope to provide information on general conveyancing. You must always contact our offices for specific advice relating to the property you are looking to buy or sell to ensure the advice we give is suitable and relevant to your transaction.

  1. 05/11/2022

    Buying a Property With a Short Term Lease Explained (UK)

    This short podcast explains what you should look out for when purchasing a property with a short term lease. Should you avoid buying a property with a short term lease? When leases are granted they're normally given a term of 125 years. When buying a new leasehold property, this does not create a problem. Older properties can prove more problematic and should be approached with caution. A lease with less than 65 years to run will significantly decline in value, which will mean fewer people will want to purchase it and also banks and mortgage providers will be less likely to lend on them. If you're looking to buy a property where the lease is approaching 80-75 years left to run, you should consider whether the short term lease can be extended. You should always enquire as to whether the owner has had contact with the landlord to explore the potential of extending the lease. Follow us On Social Media: Facebook: https://www.facebook.com/pcslegal Twitter: https://twitter.com/PCSLEGAL Instagram: https://www.instagram.com/pcslegal/ "Visit our website and chat to our friendly and professional team" https://www.pcslegal.co.uk

  2. 05/11/2022

    Shared Ownership UK Explained - We Discuss The Benefits and How It Works!

    A Shared ownership mortgage provides an affordable way to buy a home. You purchase a share in a home and pay a subsidised rent on the part that you don't own. In the future if you wish you can usually buy further shares until you own your own home. Reasons for purchasing a shared ownership property: * You own part of your home rather than paying rent with no return. * You will only need to secure a mortgage for the percentage of the price * You will also need a much smaller deposit than you would against buying a property outright The percentage typically ranges from 25% to 75% of the full purchase price and is tailored to your circumstances. When you buy a home with shared ownership, you are the homeowner and take on all the responsibilities and gain all the benefits that go with owning a home. Follow us On Social Media: Facebook: https://www.facebook.com/pcslegal Twitter: https://twitter.com/PCSLEGAL Instagram: https://www.instagram.com/pcslegal/ "Visit our website and chat to our friendly and professional team" https://www.pcslegal.co.uk

  3. 05/11/2022

    Swearing of documents / Statutory Declaration

    This short podcast explains the swearing of documents and statutory declaration by a commissioner of oath. Some documents need to be sworn on oath, i.e. swearing on the bible. These documents are called Affidavit or statutory declarations. By swearing you do so by the bible that the content of the document are true and accurate as far as you are aware. You then need to sign to confirm this is the case. The solicitor of commissioner of oath will then also sign to say they saw you swear and sign the document in front of them. If you require a document to be sworn, the same can be done by: * Commissioner of oaths * Solicitor * A court official (when authorised) Follow us On Social Media: Facebook: https://www.facebook.com/pcslegal Twitter: https://twitter.com/PCSLEGAL Instagram: https://www.instagram.com/pcslegal/ "Visit our website and chat to our friendly and professional team" https://www.pcslegal.co.uk

  4. 05/11/2022

    What Is Stamp Duty Land Tax (UK) & Why Do We Have To Pay It?

    So in this podcast we discuss the following topics: "What is Stamp Duty?" (UK) "Why do we have to pay it?" "How can buyers reduce stamp duty or possibly avoid paying it?" Stamp Duty is a conditional tax paid, when you buy land or a residential property, generally over the value of £125,000, second home buyers pay an extra 4& on properties more than £40,000. Stamp duty applies to both freehold and leasehold whether you're buying a property with your own money or using a mortgage. Stamp Duty covers the legal cost for the transaction process involved in purchasing the property. You have to pay Stamp Duty on completion and your lawyer will discharge this liability at the inland revenue within 14 days of the completion date. If it's not paid in time the revenue might charge you interest and a penalty. Follow us On Social Media: Facebook: https://www.facebook.com/pcslegal Twitter: https://twitter.com/PCSLEGAL Instagram: https://www.instagram.com/pcslegal/ "Visit our website and chat to our friendly and professional team" https://www.pcslegal.co.uk

  5. 05/11/2022

    What are Land Registry ID1 Forms? (UK)

    In this short podcast we discuss what are the Land Registry ID1 forms (UK). There are certain circumstances when a lawyer will not act for you, yet you will be party to a property transaction. In these situations you will need to complete what is called an ID1 form. This involves visiting our offices in person with the said form, together with your original passport and driving license. We will then complete the form on your behalf. Follow us On Social Media: Facebook: https://www.facebook.com/pcslegal Twitter: https://twitter.com/PCSLEGAL Instagram: https://www.instagram.com/pcslegal/ "Visit our website and chat to our friendly and professional team" https://www.pcslegal.co.uk

  6. 05/11/2022

    What are Restrictive Covenants on a Property? (UK)

    In this short podcast we discuss restrictive covenants on a property (UK), how long do they last and what happens in the event they are breached. Many types of property both residential and commercial often come with various rules about how the property can and cannot be used, these rules are known as "restrictive covenants". Restrictive covenants are written into the title deed of the property by the seller. Typical examples of covenants are: * Preventing alterations to be made on the property * Preventing land from being used for any business purposes * Restrictions relating to access over land * Leasehold flats can often have covenants designed to maintain structure (e.g. pets and regulation on noise) Follow us On Social Media: Facebook: https://www.facebook.com/pcslegal Twitter: https://twitter.com/PCSLEGAL Instagram: https://www.instagram.com/pcslegal/ "Visit our website and chat to our friendly and professional team" https://www.pcslegal.co.uk

  7. 05/11/2022

    Buying a Property at Auction UK (Explained)

    The most important point to make about buying a property at auction, if you are a successful bidder you're legally bound to buy the property and have entered into a legally binding contract. Once you're past this point you'll be unable to withdraw, even if there is a problem with the property. Before an auction takes place, you'll be provided with an auction pack which contains all the legal documents required. This enables you to take advice on matters such as the contract title and searches. Once your bid has been accepted you are required to make a 10% deposit payment and complete within a certain timeframe You are not protected by the consumer legislation, where you can return goods or ask for your money back. Once you have won the bid you've now contracted to buy the property. Please therefore do not bid unless: * Have the deposit available that day * Are sure your finances are in place * Have considered a survey on the property * Have instructed us to look at the legal pack for you Failing to follow these points may lead to the following consequences, should you not proceed to complete: * You could lose your deposit * You may be sued by the seller for any foreseeable losses they suffer * The seller may opt to get a court order, forcing you to buy the property Follow us On Social Media: Facebook: https://www.facebook.com/pcslegal Twitter: https://twitter.com/PCSLEGAL Instagram: https://www.instagram.com/pcslegal/ "Visit our website and chat to our friendly and professional team" https://www.pcslegal.co.uk

  8. 05/11/2022

    Commonhold Explained (UK)

    In this short podcast, we discuss what commonhold is and how we can help you. Commonhold in essence is where a multi occupancy building is divided into a number of freehold units, this means that each individual flat will own it's own freehold. The common parts such as the staircasing and hallways are owned and managed by a company that the freeholders also own. There are no head landlords or freeholders as simply the owners of the flat manage the common and external parts jointly. Follow us On Social Media: Facebook: https://www.facebook.com/pcslegal Twitter: https://twitter.com/PCSLEGAL Instagram: https://www.instagram.com/pcslegal/ "Visit our website and chat to our friendly and professional team" https://www.pcslegal.co.uk

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About

Welcome to the PCS Legal Podcast. We are a firm of specialist Property lawyers regulated by the CLC. We hope to provide information on general conveyancing. You must always contact our offices for specific advice relating to the property you are looking to buy or sell to ensure the advice we give is suitable and relevant to your transaction.

Information

  • Creator
    PCS Legal
  • Years Active
    2021 - 2022
  • Episodes
    42
  • Rating
    Clean
  • Copyright
    © 2026 PCS Legal Podcast
  • Show Website
    PCS Legal Podcast