For many years property has been seen as a sound investment, but the government, last year made a controversial move, which made things a little more awkward. As conveyancing solicitors in London, we are being asked quite a lot about it because the landscape has changed so significantly.
The 3% duty is a loading on existing Stamp Duty rates, which took effect from April 2016 and applies to anyone that is buying additional residential properties anywhere in the UK , including Scotland, which announced a similar 3% surcharge in its own Budget. Read More
It’s a competitive world out there and this is especially so in the mortgage market. Every day many London people find a better mortgage deal to save them money and then start the process of re-mortgaging.
For us at Pindoria Solicitors being very experienced conveyancing solicitors in London, this is an area of expertise and one that is much called upon. After all, re-mortgaging a property gives people a huge amount of options. Generally, though it is done in order to raise finance or to take advantage of a healthy financial climate. Read More
There are new rules for the public and probate solicitors to get their heads around, with the Government having introducing a new inheritance tax, adding an extra tax free amount when you own a property.
This seems good for us all but, the new rules are not as straightforward as they seem. As things currently stand; everyone can give away the sum of £325,000 tax free on their death, which includes anything you own, be it in the form of property, cash, pensions or anything else. Read More
As experienced conveyancing solicitors who have overseen countless happy house moves over the years, we feel it vital to highlight a problem in our profession, which the public needs to be aware of. The issue centres on a total lack of legal protection when couples get together and move into a home before marriage.
Unmarried couples need to take the right action to prevent acrimonious legal rows. If they split up before marriage, too many trusts that the course of true love will always run smooth and leave themselves open to a potential hideous property dispute. Read More
Being a solicitor is an occupation that carries great responsibility.
Despite being part of a heavily regulated profession, there are those who let lawyers down and if you cared to search the web for those of disrepute who have sullied our profession, you will soon find them.
However, being a trusted London solicitor is not a reputation that comes easily in an era where trust does not seem as straightforward as it once was.
Sometimes you have to delve deeper than the headlines to really get the full picture of a story, and this is certainly the case when it comes to recent headlines regarding the fact that divorce rates continue to fall.
According to data released just before Christmas there were 111,169 divorces in 2014, according to data from the Office for National Statistics (ONS), which is a 27 per cent decrease from the most recent peak in 2003.
What is even more notable is a 3.1 per cent drop from the previous year 114,720 divorces representing a 40 year low. Read More
Contesting a Will has never been so in demand. The reasons behind this are plentiful, with more complicated family structures unquestionably at the heart of many such cases.
Whilst each individual case has its own characteristics, the money at stake can be life changing, especially when it comes to disputed wills in London where many people have seen property prices increase beyond all imagination, as the capital and the South East have become one of the most sought after areas in the world to purchase property.
Such legal battles are unquestionably demanding on all the parties involved. Emotions run very high and the damage to lifelong bonds are at stake, so before anyone gets involved in such action, we ask that you really take time to seek counsel with those whose opinions you trust and respect before embarking on such action. Read More
Recent figures from the Solicitors Regulation Authority showing that conveyancing transactions are the most affected area under attack from cyber criminals, illustrates the importance of using trusted law firms.
Apparently, email hacks of conveyancing transactions have resulted in £7m of client losses reported in the last year and most crimes involves modifying emails directly, usually by hacking into the email system of an individual.
They then alter the client’s or conveyancing solicitors emails altering bank details, so funds go to the criminals. Scams of this sort often take place on a Friday, as this is the time that most completions take place, whilst it also buys criminals time as the weekend helps to avoid detection. Read More
Like all professions, the legal sector is always under scrutiny in this rapidly changing age.
This has been highlighted recently in The Law Society Gazette, which ran a feature about how according to the Competition and Markets Authority (CMA) ‘interested parties,’ are concerned the legal services sector is not as it should be.
It stated that people are finding their legal needs ‘unmet’ and when people do hire a conveyancing lawyer; the CMA thinks their methodology in finding one is flawed seemingly due to a lack of information. Read More
Money is a prickly subject and especially so when it comes to money owed, whether it be to businesses or individuals.
After all, cash flow is vital to help businesses and individuals function, and payment of invoices is a common problem for pretty much everyone.
So what is needed when it comes to disputed debts is to be sure of the right course of action, whether it be a strongly worded letter right through to enforcement of court judgment in the UK, EU and outside the EU. Read More