Leasehold v Freehold.
The biggest difference is whether you own your home or you have a landlord, on a freehold property you own your home, with a leasehold property you will have a..link
The government has put forward plans to introduce new legislation that will give the bank more powers and enable it to push forward reforms these include a reduction in the number of monetary policy meetings, no-one likes meetings just for the sake of it, and it appears the bank are no different!
The Bill is constructed to enhance the banks strength on how it governs and to improve accountability.
At present the monetary policy committee meets once a month, this will be cut to eight meetings per year, further changes are that the financial policy makers will hold joint meetings with the monetary policy makers four times a year.
Critics have raised concerns that reducing the number of meetings will have a knock on effect in the money markets.
The changes come about following the Warsh review, and brings the bank in line with the American model and the European central bank who changed to the new system recently, the changes should also see an improvement in the speed at which the bank reports.
The bank seem to be keen for change as they plan to trial the new format from June's meeting, the move to greater transparency since the problems in 2008 can only be welcomed.
What is a Flying Freehold and should it matter?..
linkThe biggest difference is whether you own your home or you have a landlord, on a freehold property you own your home, with a leasehold property you will have a..link
What is a Flying Freehold and should it matter?..link
Restrictive Covenants.
Restrictive Covenants on a property will affect what you can do with your property, and can be applied to private or commercial property..link
The government announces a New Homes Ombudsman to protect consume..
linkMortgages for life, may soon be an option...link
Fixed Rates and Discounted Rates on a Mortgage - One of the decisions you will make concerning your property, is what type of Mortgage you should choose, short..link
Understand the different Survey options available to you if you are buying a property...link
As part of selling a house or flat in England and Wales you must..
linkThe legal rights of unmarried couples, regarding property. - In the event of the breakup of a relationship where the couple are not married what happens to the..link
Property Ownership - Tenants in Common or Joint Tenancy?
Buying a property with a friend or partner, is one of the most exciting things but, with a house purch..link
The government announces a New Homes Ombudsman to protect consumer right...link
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