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What is the best bid for a freehold sale?

— 18 Nov 2020 17:40:49 by James Haywood

A best bid scenario is often requested when selling a freehold property, depending on the level of interest. It allows for a fixed period of marketing, with interested parties invited to put forward their best and final offer, subject to contract. (read more...)

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What is the RICS Red Book?

— 29 Oct 2020 09:50:21 by Jack Peacock

Chartered Surveyors and Registered Valuers will often refer to the Red Book. The Red Book is quite literally, a red book, hence the name given to the RICS Valuation – Global Standards, which governs the majority of work undertaken by Valuers. (read more...)

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What are Heads of Terms?

— 29 Oct 2020 09:46:27 by Jack Peacock

The initial agreement for a letting or sale between parties is usually set out in ‘Heads of Terms’. Heads of Terms are the main terms which the parties have mutually agreed to, before entering into a legally binding contract. (read more...)

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Revaluation postponed

— 6 Aug 2020 10:26:53 by Philip Manning

Whilst no taxes are popular, business rates attract particular vitriol from most of the parties involved, especially from those liable to pay them and towards the professionals involved in assessing them. (read more...)

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A contentious vision for Valley Gardens

— 6 Aug 2020 10:22:43 by Nick Mills

So here we are - at the beginning of the decade in which Brighton & Hove City Council has pledged to achieve carbon neutrality. They have just begun the final stage of consultation for phase 3 of the Valley Gardens transport project (detailed here). (read more...)

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New rules for portfolio landlords

— 30 Jan 2019 17:17:30

The Prudential Regulation Authority - part of the Bank of England - are enforcing tougher standards to prevent high risk lending to portfolio landlords. The definition of a “portfolio landlord” is someone with four or more mortgaged properties. (read more...)

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