Searching and buying property in the UK
Described by the Financial Times as “a Rolls Royce service”, Property Vision specializes in providing buying advice for property searches in London and the country. Tanager Talks asked Property Vision’s Richard Marsh to outline some of the key issues to consider when buying property in the UK.
According to Richard, the UK market is both competitive and fragmented where supply has been dropping year-on-year for the last decade. When compared to the US, the market is less transparent, unregulated and dominated by the selling side. On top of that, the London and country markets present some unique issues such as leaseholds versus freeholds, planning consents and rights-of-way. Therefore, the key to a successful search is being able to differentiate good information from bad with local knowledge being key.
When a buyer uses a firm such as Property Vision, one of the tangible benefits is getting in ahead of everyone else. The firm also performs an important due diligence process that provides information beyond what the lawyers or surveyors reports will cover that can impact ones enjoyment of the property. For example, in the countryside, there is a 28-day rule that means consent is not required for events held for only 1 day a month – such as a motor cross rally. In London, it is important to know if a tube line runs under the building.
For more information on how to be a successful UK buyer, you can hear the full interview here:
For more information on Property Vision, click here.