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Posts Tagged ‘UK Property’

Reasons why property in the UK is a good investment?

Sunday, July 17th, 2011

Low property prices and a ready supply of tenants in carefully selected locations means it is possible for buy-to-let investors to obtain strong and stable medium to long-term returns. In 2008, maximum UK rental yields are averaging 6.4% per annum, offering income flow to add to capital growth upon eventual resale.
As a member of the G8, the UK is amongst the economic leaders of the world. As a founding member of the UN and NATO, it is a reassuringly safe arena in which to purchase property.
The United Kingdom is the third most populated state in the European Union. Despite an economic slowdown, high demand for commercial and residential real estate maintains the market, particularly in rental sectors.
Green meadows, snow-capped mountains, moorlands and lakes blend with countless monuments, traditional pubs, cream teas, theatre, arts, cinema and music, attracting year-round tourists from all corners of the globe. This creates opportunity for investors into tourism related real estate.
Well built properties, from smart, trendy urban off-plan apartments, to rambling country properties to suit all budgets and tastes makes UK property suited to many buyers’ needs.
A large number of direct airline services to the United Kingdom’s major national and international airports are available from many worldwide locations. An excellent road and transport infrastructure allows easy access to your final destination..

UK Property Law

Monday, November 1st, 2010

UK property law defines rights and obligations of parties in different property related contracts such as agricultural tenancy, general rental, business leases, easements and mortgages. In addition, the property laws in UK also identified common keep properties, co-ownerships, estoppels, consent, human rights, trespassing, property related nuisance and various types of assets.

Formerly, laws relating to agricultural tenancy in the UK were framed under the Agricultural Holdings Act 1986. In 1995, the Agricultural Tenancies Act was passed adding more laws to existing regulations. Regulatory Reforms again restructured these in 2006.

Disputes relating to properties are often relating to the boundaries and property ownership. The Land Registration Act of 2003 was passed to resolve related disputes. This act became applicable in October of 2003. It contained new provisions on “adverse possession”, registration of properties, and title.

These Acts and reforms contain provisions relating to business leases, license, occupation, period of occupation, subletting of any residential property or properties by the business, lease terms, lease renewal, etc. The Landlord and Tenant Act, and The Landlord and Tenant (covenants) Act also contain provisions relating to general leases, discrimination, estoppels, distress, forfeiture, insolvency, indemnity, notices, nuisance, breach, disrepair, rent, unlawful eviction, termination of tenancy, service charges, subletting, sharing of occupation, sharing of possession, restraint on trade, and re-entry rights, in so far as they relate to lease of any property, including residential property.

These acts also contain provisions related to long leases. The Commonhold and leasehold Reform Act, of 2002 was followed by a reform act in 2003. As of now, Commonhold Regulations 2004 are applicable on commonhold properties in the UK. There are Commonhold (Land Registration) Rules as well. Issues arising out of co-ownership of properties, and relevant estoppels are governed by the Trusts of Land Act of 1996.

The Housing Act, 2004 contains several housing related provisions, such as provisions relating to condition of housing, licensing laws for multiple occupation, and selective licensing in case of residential houses. Property laws in UK related to mortgages are covered under the Consumer Credit Act, 1974 and 2006. These contain provisions relating to interest, forgery, money claims, mortgage indemnity, mortgage possession, sale and lease back contracts, undue influence, and unfair terms of mortgage.