The Importance of ID and Source of Funds Checks by Solicitors Ensuring Legitimacy and Compliance in Legal Transactions In the world of legal transactions, especially, but not specific to, buying and selling property, solicitors play a crucial role in ensuring that all activities are conducted within the bounds of the
Leasehold Reform: The Abolition of the Two-Year Rule for Leaseholders Introduction The abolition of the two-year rule for leaseholders marks a significant milestone in property law, offering immediate benefits to homeowners. This reform, effective from January 31, 2025, eliminates the waiting period previously required before leaseholders could extend their lease
Changes for Pensions and Estate Planning: What You Need to Know New Inheritance Tax Changes for Pensions: How They Impact Your Estate The UK government has announced major changes to private pensions and inheritance tax (IHT), effective 6 April 2027. Previously, many pension funds fell outside of an individual’s taxable
When selling a property, there are numerous legal and administrative steps to complete. One crucial yet often overlooked aspect is ensuring that the Property Information Form(TA6) and Fixtures and Fittings Form(TA10) are fully and accurately completed at the outset. Providing clear, correct information from the beginning can significantly streamline the
Understanding Lasting Power of Attorney (LPA) When you hear the term Lasting Power of Attorney (LPA), it’s easy to assume it’s only relevant for the elderly. However, this misconception can leave you and your loved ones vulnerable. The truth is, an LPA is a vital legal safeguard for anyone who
Inheritance Disputes: The Crucial Role of Communication in Estate Planning When a family loses a loved one, the emotional toll is often compounded by unexpected inheritance disputes. A recent case involving an unequal distribution of a £300,000 estate highlights how quickly family relationships can unravel when communication is lacking. As
Navigating Land Registry Delays in Property Transactions Recent reports have shed light on significant Land Registry delays, creating challenges for both homeowners and prospective buyers. These delays, exacerbated by a surge in property transactions during the Covid-19 pandemic, are causing widespread frustration. For new-build properties, title registration processing times can
Buying Unregistered Property at Auction: What You Need to Know Purchasing property at auction can be an exciting opportunity, offering the potential to secure unique investments or bargains. However, buying unregistered property at auction comes with additional complexities that every prospective bidder must be aware of. Without proper preparation, you