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 […]
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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 […]
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.
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 […]
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 […]
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 […]
With the UK average house price now £258,000, the furlough scheme coming to an end, rising energy costs, and the end of the stamp duty holiday, many fear the housing market will go from boom to bust. Early signs suggest this is not the case. While house price growth slowed in September to 0.1 per cent, areas of the country, particularly the Northwest, still appear to be an active market.
A deed of variation (DOV) – is a legal document usually drawn up by a solicitor that allows you (if you are the beneficiary of an estate) to make changes to a will, in the name of the deceased, after their death.
When you set up the trust, you nominate trustees who will decide how to deal with the assets in the trust. The term ‘discretionary’ means that the trustees have no right to the assets until such time as they are appointed to them – in other words when the trust comes into effect on your death
It is not uncommon for clients that have written Wills with a firm to move house and relocate to other parts of the country. Due to these circumstances and the passage of time, clients may forget where their Will is stored or lose the copy of their Will, making it increasingly difficult for their loved […]
Those looking to secure a new mortgage are experiencing problems as lenders struggle with demand and deal with pandemic-related staff absences. Mortgage lenders are finding it hard to cope with the excess demand for their products as buyers try to complete on their house purchase before the stamp duty holiday ends on March 31. Stamp […]
A record number of people have set up buy-to-let limited companies in 2020 despite problems with the housing market caused by the pandemic. Landlords created 41,700 buy-to-let firms last year, a 23 per cent increase from 2019. The number of buy-to-let companies has more than doubled since 2016 following the government’s introduction of tax changes […]
Mortgage lenders may class you as a first time buyer if you have no property to sell and do not have a mortgage currently. While each mortgage lender may differ in their definition of a first time buyer, HMRC do not. When it comes to home much stamp duty land tax (SDLT) you will pay, […]