First Time Buyers Help to Buy and Parental Gifts

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Course Overview

A number of challenges can arise when acting for first time buyers. 

This course, delivered by experienced property practitioner and lecturer Stephen Desmond, is designed primarily for conveyancers and will focus on common issues associated with transactions involving clients who are first time buyers. In addition, Stephen will provide offer useful hints and tips on how to advise clients in practice.

What are the requirements?

Learning Outcomes

  • On completion of this course you will:

    • Be familiar with the many pitfalls facing conveyancers under the Help to Buy scheme, Phase 1, including additional duties owed to the Homes and Communities Agency
    • Be aware of the dangers facing clients who consider buying a flat because they think it is a cheaper option
    • Be able to advise clients buying apartments off-plan. You will have considered the contractual considerations and other risks involved and will be able to recognise the pitfalls on service charge or management disputes
    • Have considered the issues when acting on shared ownership leases & stair casing, including why it may not be worth exercising final stair casing
    • Be aware of the issues when clients purchase buy-to-let property while still living with their parents, including landlord duties in respect of tenancy deposit and terms of mortgage 
    • Understand the significance of contributions from the bank of Mum & Dad – Why it is important to protect all concerned and be able to identify ‘gifts’ that are in reality a loan 

What is the target audience?

  • Conveyancing practitioners

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About Instructor - Stephen Desmond

Stephen Desmond has been delivering training for over 15 years during which time he has delivered more than 1,800 CPD events to lawyers from a variety of backgrounds. Delegates at these events have included practitioners from a variety of size of firms, ranging from sole practitioners to City Solicitors. 

Stephen is a contributing editor to Butterworths Property Law Service, published by Lexis Nexis, writing on the complex law relating to long and short leases.  He writes for the Solicitors Group on the subject of commercial property. 
He has run a university-accredited distance-learning course for aspiring paralegals in the subject of residential conveyancing.

A former practicing Solicitor with several years post-qualification experience, Stephen has represented many business and private clients, including property investors and local authorities.

Course Curriculum

recorded webinar

  • Webinar
    01:00:12

Documentation

  • Slides
    13 Page
  • Evaluation
    1 Page

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