The UK property market is at a cross roads, it is predicted that the house prices will crash in the coming months. Despite this, first-time buyers and renters still face huge challenges getting on the housing ladder.
According to recent figures, UK housing prices fell for the first time in 11 months as a result of the cost-of-living crisis and increasing interest rates. However, first-time buyers continue to struggle to find affordable homes. As a result, increasing number of people are turning to property auctions, which are often believed to be a great way to find an affordable property.
Julie Condliffe, Managing Partner of the UK’s first specialist property auction law firm Creative Legals comments: “It is unsurprising to see the numbers of people opting to buy a home via auction increasing, a whopping 75% annual increase. There are countless benefits to buying at auction – lower average asking price, lower fall-through rates and quicker sales.”
“Popular television shows like Homes Under the Hammer make buying property at auction seem quick, easy and straight forward. However, this is rarely the case. It can be a legal minefield for first-time buyers who are unfamiliar with the auction process.”
At auctions, what at first sight appears to be a bargain can turn out to be an extremely costly mistake. Buying land or property at auction involves many legal implications – once the gavel falls, a bid is accepted, and a binding contract is created. It is therefore essential to obtain expert advice from a specialist property solicitor.
Creative Legals is the brainchild of Julie Condliffe, a lawyer and property investor. Having purchased several properties at auction, Julie struggled to find property solicitors that offered specialist auction advice. Tapping into her extensive auction experience and legal background, Julie launched the law firm in 2020.
Creative Legals offers a range of services including Auction Packs, which enables clients to leverage the wealth of knowledge and experience of specialist solicitors for auction sellers and buyers. The pack includes key documents such as Official Copy of Register of Title (Office Copy Entry), Land Registry and Local Searches, Special Conditions of Sale contracts, and Leasehold Enquiry documents. The firm also offers property auction houses to facilitate the sale and purchase of properties.
For further information about Creative Legals and the range of award-winning services offered, visit – https://creativelegals.co.uk/.
About Creative Legals
Creative Legals is a law firm founded by Julie Condliffe, a lawyer with over two decades of experience in the property sector, specialising in auction conveyancing, commercial lease renewals and property litigation. The firm offers a plethora of services, including Lease Options, Lease Option Agreements, Lease option – heads of terms, Evictions, Section 21 Notices, Section 8 Notices, Residential Conveyancing, Commercial Conveyancing, Property Development, Property Litigation, Insurance Litigation, Professional Negligence, Civil & Commercial, Defamation, ADR & Mediation, Contract Disputes, Company & Commercial Litigation, and Divorce & Family.
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Company Name: Creative Legals
Contact Person: Media Relations
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Phone: +44 794 774 1129
Country: United Kingdom
Website: http://creativelegals.com/