Frequently asked questions
If you’re a couple, particularly if you’re married, you may want to consider buying a place as joint tenants. In this arrangement, both of you will own the whole property. If one of you dies the property will automatically pass to the other. Alternatively, you can hold property as tenants in common, which means that each of you owns a specified proportion of the property. If one of you dies, the deceased’s proportionate interest in the property (be it 50%, 30%, whatever...) will not pass automatically to the survivor.
At exchange of contracts, the purchase and sale of the property become legally binding. Your solicitor will conduct a short telephone conversation with the other party’s solicitor, agree a completion date and pay/collect the deposit. If you withdraw from the transaction after exchange, you will incur financial penalties. Note also that upon exchange the risk of loss in the property will pass from the seller to the buyer. Thus, the buyer should arrange building insurance well before exchange to cover against any potential loss.
Completion signals the end of the transaction and the point at which the buyer finally takes possession of the property.
This will depend on the seller. Usually, if he or she vacated the property before completion, the buyer will be allowed access, for example to carry out repairs or improvements.
If the purchase price is just above a stamp duty threshold – namely, £125,000, £250,000, or £500,000 (or £1million from 6 April 2011) – and includes fixtures and fittings, such as carpets, curtains, a cooker, a fridge, or a freezer, you may legitimately apportion part of the purchase price towards these items. If this takes the purchase price for the building and land below the stamp duty threshold you’ll decrease (or eliminate) your liability for stamp duty.
A deed of trust -- also known as a “declaration of trust and co-habitation”, “trust deed” or a “co-ownership agreement” -- is a legal agreement between the joint owners of property. Read this article to learn why you might need one.
Home equity release arrangements, such as “reverse mortgages,” can be useful tools for retirement planning. It is important, though, that a homeowner entering into such an arrangement has a good understanding of its disadvantages as well as its advantages.
- Grey Area.
- declaration of parentage
- Social Services
- Social security, DWP, Inheritance etc
- worng father
- can police warn you over telephone? does this seem correct to you?
- protecting UK house from foreign wife claim
- Advice on a wrongfully held damage deposit for a holiday rental.
- Any recourse with bad building job?
- Gound Rent dispute with Homeground Agents
- Securing payment for damage caused to our property by the upstairs flat
- provision for step-children in a will
- My uni refused to help me for reason that im not a student?but my visa due next JAN
- Am i still a student until my student visa due?
- Responding to letter of claim...evidence
Health: Doctors urge legislation to help battle alcoholic liver disease
A new report by a Lancet Commission into the state of liver disease in the UK has concluded that the Government needs to take a stronger line on alcohol in a bid to lower the number of people suffering from...
Litigation: Law firm solicits Tesco shareholders for legal action
A law firm has contacted shareholders of Britain's largest supermarket chain in a bid to have them join a proposed legal action after the company previously admitted it had overstated profits by £250m, something that has wiped almost £2bn off...
Ferguson: Grand jury finds officer not at fault sparking mass riots
A Grand Jury in the United States has found that a police officer who shot dead an unarmed black teenager was responding to a threat to his personal safety and acted in self-defence, sparking mass riots in the American city...
Domestic violence: Clare's law trialed in Scotland from today
A law designed to prevent domestic violence by allowing people to find out whether their partner has previous committed offences is launching in Scotland today, reports the Scotsman. The law is known as Clare's law, and is named after murder...
Litigation: Family to sue tour operator after daughter's illness
A British couple are to sue tour company Thomas Cook after a disastrous honeymoon in Turkey which left their ten-year-old daughter in hospital after contracting gastroenteritis, reports the Daily Mail. Simon and Davina Nordemann took their family, including six children...
Employment law: Austrian and Swiss minimum wage law could spell end of ski holidays
A law that will force British companies to comply with Austrian and Swiss minimum wage legislation could drive British companies to rethink offering ski holidays in Austria and Switzerland, reports The Telegraph. The Austrian Parliament last week approved a new...
Finance: Government withdraws legal challenge to EU cap on bankers' bonuses
The Chancellor George Osborne has decided to drop the UK's legal challenge against a proposed EU law that will see a cap placed on bankers' bonuses, after a lawyer ruled the law was valid, reports The Telegraph. The European Union...
Criminal law: Sweden upholds Assange arrest warrant
Since the Swedish courts have refused his attempt to revoke his arrest warrant, Assange remains tied to the Ecuadorean embassy in London, the BBC reports. Given his refuge in the Ecuadorean embassy in the UK, Julian Assange's lawyers had appealed...
Criminal law: Landmark FGM case in Egypt brings disappointing result
In the first case of an FGM charge being brought before court in Egypt, the father and doctor accused of bringing about the death of 13-year-old Suhair al-Bataa walk free, the BBC reports. Another victim of female genital mutilation (FGM),...
Care Quality Commission approves use of hidden cameras to capture standards of care
The Care Quality Commission (CQC) will release guidance regarding the use of covert surveillance of carers, whether in people's homes or in care homes, the BBC reports. Maintaining a neutral standpoint, the CQC denies favouring the use of hidden cameras...
Immigration: Controversial personality denied visa to enter the UK on tour
Following a public petition to prevent him from entering the UK and support for such action from Home Secretary, Theresa May, US 'artist' Julien Blanc has been denied a visa, the BBC reports. Referring to himself as the 'dating guru',...
Manslaughter: Tania Clarence found guilty of killing her three children
Appearing before the Old Bailey, Tania Clarence admitted to killing three of her children and pleaded diminished responsibility. She has been sentenced to an indefinite stay in a mental hospital, the BBC reports. Following the killing of three of her...
Immigration: Sham wedding organiser sentenced to prison
Found guilty of arranging six sham marriages, Audrone Siniciene, has been sentenced to two years and nine months in prison for her offences, reports the Daily Mail. Making a mockery of the British immigration system, 49-year-old Audrone Siniciene, organised and...
Terrorism: MI5 recorded suspected terrorist group at Northern Ireland address
Suspecting a group of men at a certain address of being involved in terrorism, MI5 planted microphones in the property to build up a file of evidence against them, the BBC reports. A property in Newry, County Down became the...
Criminal law: Calls for harsher punishment for prison violence
The Ministry of Justice has announced plans to instill a harsher punishment system for violent crimes committed in prison, the BBC reports. Responding to a steep rise in violent levels of crime committed by prisoners, the Ministry of Justice has...