UK property laws are constantly changing and particularly in the last few years a number of additional legislation has been added due to the increasing number of immigrants to the country, and international companies interested in real estate and industrial properties. To protect the rights of native UK citizens the government has raised certain restrictions regarding non-UK residents buying property in the region. Moreover, for industrial units trying to buy property in the country special economic zones and special tax regulations have been formulated to protect the rights of the native citizen.

UK Property law is divided into three different systems – namely the Scotland, England & Wales and Northern Ireland systems. Every piece of land or building must be registered with the land authorities and every purchase requires a fixed registered fee to be paid. The registration fee is different for domestic and commercial property. Not much free land is available in the country and real estate property dealers purchase most of it. The Land Registration Act 2002 must be followed while registering a property.

As far as the law of personal property is concerned, it is different from the law of real estate property. Commonholdis the term used to describe residential buildings, which would have been leased in the past. Freeholdownership comes under the ideal conditions and with freehold ownership the owner is free to do whatever he wants to do with his property. Freehold ownership is flexible and allows the users to rent, lease or sell their property as they wish. Recently a new housing law had been approved by the government. Known as the Housing Act 2004 it has modified regulations for commercial, residential and individual property.

A home inspection performed by a knowledgeable inspector can be one of the best pre-sale investments you make on a real estate transaction. The inspector’s work benefits both the buyer and the seller, sometimes in similar ways, but often the inspection takes care of opposite sides of the same coin. If the seller orders the inspection, the cost of the process can be added to the asking price of the house. If the buyer demands the inspection, it is usually up to him to pay for the costs, so either way, the seller is not out the cost of the inspection.

The information gathered during a home inspection can be invaluable to the buyer. The location of shut off valves, pump switches, heating and cooling filters, and breaker panels are all information that will be found in a comprehensive home inspection. This information will make it easy for the buyer to locate such necessities quickly in an emergency. Sometimes valves and switches are located in unusual places, particularly in older houses. The inspection process identifies and maps such important items.

The buyer’s home inspection limits surprises that can crop up during the initial period in a new home. Maybe there are shaky areas in some of the home systems that could easily fail early in the new ownership. Making use of a home buyer’s inspection will let you know what the tentative areas are so that you can be prepared for the cost or surprise that may hit you. By knowing exactly where the problems lie, the buyer won’t need to worry about ‘what if’s’. The buyer will know precisely where unexpected system failures are likely to show up.

Conducting a Seller’s Inspection will allow the property to be spruced up and made more attractive to the buyers. Things like chipped paint and rust stains on the basement floor will all be taken care of prior to the showing of your real estate. The buyer will only see that everything is clean and in good repair, demonstrating that the seller takes pride in the property and insures that everything is maintained properly.

From the seller’s standpoint, if the Seller’s Inspection has been completed and the results of the inspection show that the house has no significant issues that have not already been dealt with, there are unlikely to be as many contingency or special clauses in the Offer to Purchase. Typically, when a prospective buyers sees major items that have not yet been taken care of, he is suspicious that there may be other problems just under the surface so the Offer to Purchase will include contingency clauses about everything imaginable that could go wrong with the property. The purchaser can hardly be blamed for wanting to make sure that there won’t be expensive repairs or renovations that will show up after closing.