Brexit and the London Property Market – looking for the positive07/07/16
It is always difficult to predict what the future will hold and the decision to leave the EU has sent shockwaves across the financial and property markets.
Is extending fixed costs the way forward?24/06/16
At the end of January this year Lord Justice Jackson spoke at the IPA Annual Lecture and in his speech he recommended the introduction of fixed costs for all claims worth up to £250,000, which is what he calls the ‘lower reaches of the multitrack’.
The new Residence Nil Rate Band – A step forward in Inheritance Tax27/05/16
There has been much debate over the past years about whether the Inheritance Tax Free allowance should be increased. Finally it seems like there may be some movement forward with a new residence nil-rate band being introduced.
What is a flying freehold?13/05/16
Every now and again in the course of conveyancing a “flying freehold” swoops in to panic a prospective buyer. Here is a brief explanation of what exactly it is, and what implications it may have in practice.
Purchasing the Freehold of a Leasehold House29/04/16
If you own a leasehold house you may have a right to acquire the freehold, this right is known as enfranchisement.
Are you affected by any of the following changes to the Stamp Duty Land Tax?18/04/16
When completing on the purchase of any property, Stamp Duty Land Tax may well be payable. It is important that the Stamp Duty Land Tax is considered when budgeting for a property purchase. From the 1st April 2016, Stamp Duty Land Tax has increased in respect of a purchase of a residential property, in the event that the purchaser already owns one or more properties.
Serving of Notices under a lease – Getting it wrong!!!01/04/16
Most leases will contain various requirements relating to service of notices under the lease. Such requirements can include how notices are to be served, to whom notices are to be served, where notices must be served, and what should be contained in such notices. In some circumstances there are statutory rules relating to the service of notices.
Limitation- Keep your eye on the clock18/03/16
Limitation is one of the first issues to resolve when considering bringing a claim and you should always discuss this with your solicitor in your initial meeting. It must be established right at the beginning whether the claim is “time-barred.”
Tenants’ Rights of First Refusal04/03/16
The Landlord and Tenant Act 1987 (“the Act”) prohibits most landlords making a disposal (e.g. selling the freehold) without first offering the interest being disposed of to the qualifying tenants in the building. This applies to some residential and mixed use properties.
Settling Construction Disputes early and the effectiveness of the Pre-Action Protocol19/02/16
The Pre-Action Protocol for Construction and Engineering Disputes (“the PAP”) is currently under review by the Civil Procedure Committee to potentially abandon the PAP altogether or for it to be made voluntary.