Our offices SOUTHPORT Our Southport office is now open. You will not be admitted unless you are wearing a face mask. WATERLOO The Waterloo office is by appointment. To make an appointment, telephone 0151 928 6544 and ask to speak to Sarah. Post Please be aware that due to delays at the post office we […]
A Lasting Power of Attorney (LPA) allows you to appoint someone to make decisions on your behalf should you no longer have the ability to do so. There are two types of LPA: property and financial, and health and welfare. You can arrange to have either type or both types. If you lose mental capacity […]
As autumn leaves start to fall and there is a notable chill in the air, many estate agents and conveyancing solicitors might be hoping for the usual autumn bounce of the property market, so far this has yet to materialize. RICS Survey A survey conducted by the Royal Institute of Chartered Surveyors (RICS) shows that […]
The Prime Minister, Rishi Sunak, is drawing up plans to cut inheritance tax. In a move to appease the Party faithful at next month’s Conservative Party Conference, sources suggest Sunak is considering cutting the ‘most hated tax in Britain’ and possibly phasing it out completely. What is Inheritance Tax and who pays it? Inheritance Tax […]
If the furniture in the house is in good condition, reduce the volume, keep flat surfaces clear of clutter (including kitchen appliances), and give it a deep-clean. You need the buyer to be able to see the possibilities of the house for their family, rather than present it as a monument to your family.
An LPA is a legal document outline who you wish to take over your affairs should you not be able to manage them yourself.
There are two types of LPA, one in respect of your Property and Finances and one in respect of your Health and Welfare. The Property and Finance LPA helps your attorney to deal with banks and other financial institutions. The health and welfare LPA allows your attorney to decide things such as where you live and what care you receive.
Although affordability issues and higher interest rates may be off putting to would-be buyers, rapidly rising rents and lack of rental properties are creating demand amongst those who want certainty and the chance to be in control of their housing.
Residential rents in March 2023 were 4.9 per cent higher than they were in the previous 12 months and are now, according to the Office of National Statistics, at the highest level on record.
Following pressure from campaign groups, the Government has outlined plans to make it cheaper and easier for leaseholders to extend a lease. Current rules for lease extensions Under the current rules, leaseholders of houses can only extend their lease once – by a 50 year period – while leaseholders of flats can extend their leases […]
Money Saving Expert, Martin Lewis, issued a stark warning to people living in England who don’t have a will in place, advising that the rules of intestacy will decide where your assets go upon your dying, not you. The consumer finance expert issued the warning at the start of his Martin’s Money Show Live programme […]
One of the first things you need to do when buying your first home is instruct a conveyancer, this could be a solicitor or licensed conveyancer. The best way is to choose a conveyancer is by recommendation from family or friends, failing that check out Google reviews and get at least three quotes from reputable […]
Selling a leasehold flat Leasehold flats are a common property type in Southport. When selling a leasehold flat, your buyer’s solicitor will not only ask you questions about the flat but will send your landlord or the flat’s management company, a standard leasehold property enquiry form, known as an LPE1, to complete. Most landlords are […]
It is a tense time in the housing market at the moment with potential home movers holding out to see which way the property market goes in the next few months. The Bank of England base rate is now 3% bringing with it higher mortgage rates which in turn make for a nervous market. While […]
More people are becoming liable for inheritance tax (IHT) each year, largely thanks to the increase in property prices over the past few years. The first £325,000 of your estate is exempt. You can also pass on an additional £175,000 tax-free amount if you pass your main residence on to your children or grandchildren. This […]
Nobody likes to talk about it but there is 100% chance you will die, one day, in some way. So why are so many people unprepared for death? If you don’t have your finances in order, you leave your loved ones with a mess at a time they should be grieving. If you want to […]
Following the mini-budget of the short-lived Truss premiership, mortgage rates soared to their highest in 10 years. Now some of Britain’s biggest lenders have started to cut the cost of fixed mortgage deals by more than half a percentage point. This brings the average rate of a two-year mortgage fix down to 6.48 per cent, […]
Leeds Building Society has become the first mortgage lender to refuse loans to those who wish to buy second homes. The announcement, by Leeds Building Society chief executive, Richard Fearon, is a rare move by a lender; they do not normally make public statements about their lending policies. Leeds is the UK’s fifth largest building […]
Interest rates have risen for five months in a row, and are expected to go up further in 2022, could this risk mortgage lenders down valuing properties Mortgage lenders are becoming more cautious as the cost of borrowing rises. High borrowing costs lead to lower house prices and lenders have a real concern that the […]
The Prime Minister, Boris Johnson, announced plans to extend the right to buy to millions of people who rent from housing associations. In a speech this week, Mr Johnson said that he wants 2.5 million people who rent housing association properties to have the chance to buy their homes at a discount. The government, under Margaret […]
A judge has awarded a retired atomic energy engineer a £1 million pay out after he ruled the man’s sister had committed ‘fraudulent calumny’ in order to disinherit her brother from his father’s estate. David Whittle brought the case against his sibling accusing her of influencing their dying father by telling a series of lies, […]
The Leasehold Reform (Ground Rent) Act 2022 comes into force on 30 June 2022 (except for retirement properties where it will not come into force before 1 April 2023). In one of the most significant changes to property law in recent years, the act will put an end to ground rents for new and qualifying […]
Anyone who watched the recent ITV drama, Our House, will know the perils of a fraud known as title or registration fraud. In which the fraudster impersonates a home-owner in order to sell their property. While the storyline of the ITV drama was far-fetched however registration fraud is a real crime and poses a real […]