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The media would have us believe that the property market is nursing a New Year’s party hangover. Certainly the issues that influenced the market during 2018 remain, such as Brexit-related confusion, lack of supply and affordability problems for first time buyers. And whilst the media does love to scaremonger, they tend to ignore, the perhaps rather boring reality, that the UK property market is actually surprisingly resilient.

A property being sold “in probate” is where the last owner has recently died, and the executor of the deceased’s estate is now selling the property, usually in order to share its value among the beneficiaries of a will. 

“Moving House” may be the term we commonly use, but moving HOME is surely a better description for one of life’s more stressful experiences. Few changes in life, other than a relationship, can stir such emotions.

Since the 3% higher rate SDLT (Stamp Duty) surcharge was introduced on second homes there can be confusion as to whether this is payable when a couple decides to split.

One of the property terms that can be confusing is the word “deposit”, especially among first-time buyers who have previously been renting.

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