When buying a property, it is important that you understand the different forms of legal ownership: freehold, leasehold, or commonhold.
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New Capital Gains Tax (CGT) rules are on the way which may affect couples who are splitting up and plan to sell their home eventually, accidental landlords and those who have bought a new home without selling their old property.
If you are planning to develop a commercial property in a conservation area, legal advice is essential. If you break the rules, you could find yourself in trouble.
Selling part of your business property for development is a good way to raise capital. However, there are lots of things to consider before you go ahead with the sale. If you do not put the right measures in place, you could regret your decision later on.
If your commercial lease is up for renewal, now is the time to renegotiate the terms and conditions. The draft lease will likely be prepared by your landlord’s solicitor, and so will almost certainly favour your landlord. However, you can always push back to get yourself a better deal. You are perfectly entitled to do […]
It’s not uncommon for some of our mental capabilities to decline as we age. Many people find their memory gets worse; and processing speed, reasoning and executive functions can also slip as the years pass us by. Unsurprisingly, therefore, many people need a helping hand with finances as they get older.
Thanks to soaring house prices, it is increasingly difficult for young people to get a foot on the property ladder and consequently the bank of mum and dad is often called upon to help out. In fact, parents assist with one and five property purchases, making them the UK’s tenth biggest lender, according to the Times. Unfortunately, few families record the nature of their arrangement in writing and this can cause difficulties down the line.
A change at the top can often bring a boom to the economy but with Brexit looming will Boris Johnson prove to be a boon to the UK housing market.
A Lasting Power of Attorney gives someone you trust the ability to manage your financial affairs for you, should you become unable. It allows you to nominate one or more Attorneys who can help if you are incapacitated or at any other time with your permission.
A review of inheritance tax (IHT) rules has led to recommendations that the Government make it simpler for people to pass wealth on to future generations.
The case of S Frances Ltd v The Cavendish Hotel has important implications for commercial landlords who wish to terminate a tenant’s lease.
The Law Commission is currently analysing responses to a consultation on commonhold. Their report is due to be published later this year. The aim is to reform commonhold laws, making it a preferred alternative to leaseholds.
A new cap due to be rolled out for the Help to Buy scheme in April 2021 will make it difficult for first time buyers in the North to find affordable properties.
An Executor is responsible for applying for a Grant of Probate and administering a deceased person’s estate.
When Probate is needed on a deceased person’s estate, the Executors or Administrators often use a Probate solicitor. If you are going through the Probate process, there is no obligation to use a Probate solicitor. However, it removes a significant responsibility from your shoulders. To speak to a Probate solicitor, contact us now for a […]
A commercial solicitor helps sole traders, businesses, and other organisations (such as public bodies) with a wide range of legal matters, including property, compliance, tax and disputes. If you would like to know more about how our commercial solicitors can help you, contact us for a free initial enquiry. Call us now on Southport 01704 […]
It is a common misconception that you do not need a survey when purchasing a new build property. Whilst new builds look crisp and clean from afar, they can suffer from just as many problems as older houses – if not more. In a 2015 survey, 27% of buyers said their new home had more […]
The internet has brought billions of pages of information right to our fingertips, sharing an endless supply of knowledge and expertise on just about any subject you can imagine. Using Google, you can ask practically any question and receive an instant detailed guide or how-to video in seconds. But in the context of will-writing, that’s […]
The costs of administering an estate are set to soar from next month when probate fees will increase by up to 3,000 per cent. Currently, applications cost a standard fee of £215 which reduces to £155 if using a solicitor. Where the estate is worth less than £5,000, the cost is zero. For estates that […]
As a landlord, should you allow a pet in your rental property? Many landlords are against the idea, but research shows there may be more benefits than you realise. Here we take a look at the pros and cons of allowing a pet in your rental property. Pets in rental properties – the argument against […]