New rules under the Mortgage Credit Directive 2016

New rules under the Mortgage Credit Directive (MCD) apply with effect from 21st March 2016. The rules introduce the requirement to give customers a minimum 7 day period of reflection once a binding mortgage offer is issued. This reflection period allows each customer to decide whether they wish to accept the terms of their mortgage […]

A guide to environmental searches when buying a property

The environmental search is a search carried out with an environmental agency (not the Environmental Agency) that gives details of the past uses of the land and the land in the vicinity of the property and whether such past uses are likely to have caused any potential contamination of the land on which the property […]

Changes to Stamp Duty Land Tax 2016

If you are considering purchasing an additional property which is not going to be your main residence, it is important that you are aware of the new Stamp Duty Land Tax (SDLT) rates which will come into force from 1st April 2016. The Government confirmed the changes to stamp duty land tax 2016 at the […]

A guide to The Party Wall Act

Do you own a building? Yes Do you know what the Party Wall Act is? No If you or your neighbours plan to undertake future building works (including repairs), please proceed with extreme caution! Have you ever woken from a nightmare to the realisation that it wasn’t just a dream? Our client owns a building, […]

The rules on house buying with gifted deposits

Many property purchasers, particularly for first time buyers  are increasingly relying  on a gift of cash, for all or part of the deposit, from family to help them get onto the property ladder. If you are house buying with gifted deposits, you need to alert your solicitor as early as possible as legal checks have to be […]

Purchasing a repossessed property – time is of the essence

Here at ORJ Solicitors, we often deal with the purchase of repossessed properties. While buying a repossessed property can often mean a saving of up to 30% of a property’s market value, it is important to do your homework before making an offer. Time is also of the essence and you must act quickly to […]

Coal mining searches – Are they really necessary?

If you have found that dream home to purchase, your main concern may simply be when the moving date will arrive. It must be stressed however that even if a property appears perfect on the surface, there may be hidden issues not immediately apparent from an initial inspection. A prudent buyer should always have various […]

ORJ Announce Strategic Relationship with Fitzalan Partners

We are pleased to announce that ORJ have agreed a strategic relationship with Fitzalan Partners, owners of Fridaysmove, In-Deed and Homeward Legal. Fitzalan Partners were founded in 2010 and the company’s conveyancing network has handled the conveyancing for over 50,000 home buyers and sellers to date. Chris Salmon, Commercial Director for Fitzalan Partners commented: “We are […]