Property boom as home and overseas buyers rush to beat the deadline 

Property buyers are fighting off the pandemic to catch a new home before stamp duty goes back to its normal rate.  For overseas buyers, the race is even more important, as the rate will carry an additional surcharge for them from April. As part of the range of measures to provide economic support through the Covid-19 pandemic, the Government introduced a temporary holiday for Stamp Duty Land Tax (SDLT) on the first £500,000 of purchases, but this will come to an end on 31 March 2021, when it will revert…

Renewing a commercial lease – what can be negotiated?

Most lease renewals are governed by the Landlord and Tenant Act 1954, and the rules can be complicated and confusing. However, if your commercial lease is up for renewal, you want to ensure you get the most favourable terms for your business. In this post, we look at the key things to negotiate when renewing a commercial lease to help you understand what terms you might be able to change. How do I renew a commercial lease? If you would like to renew the lease on your commercial property, you…

What happens during a Sale of a Commercial Property

It's important when selling a commercial property, that you are aware of the process and documents required to complete the transaction and to satisfy the buyer. We have provided a brief summary of the steps taken by us as your solicitor when dealing with the sale of a commercial property: Step 1 After we have been instructed and the heads of terms have been agreed, we will prepare a draft contract which we will send to the buyer’s solicitor for approval. We will also provide up-to-date Land Registry title documents…

Interview with Huseyin Youssouf of our Commercial property department

Interview with Huseyin Youssouf, Partner in our Commercial property department Q: How long have you worked at Bowling & Co? A: Since 1 January 2000, 19 years and counting. Q: What areas of law do you mainly deal with? A:Commercial property/ Finance, Businesses, High street shops, hotels, care homes, golf course as well as the usual plethora of investment properties and Residential property Q: What aspects of law first attracted you to the profession? A: From the outside it seemed like a prestigious, respected and well rewarded profession. I was…

Sign of the times – do you need planning permission for a sign?

Everyone knows that you may need planning permission if you’re extending your house, adding a new building to your business complex, or even putting up a large wall. But did you know that you may also need permission for a sign? It all depends on how big the sign is, and whether it’s an illuminated design or a simple temporary banner. If you want to display an advertisement on the front of your property that’s larger than 0.3sq metres then you might need to apply for advertisement consent. That’s not…

Where there’s a Will, there’s a way

When thinking of making a will, the idea of a Victorian lawyer taking down the last instructions at the bedside still springs to mind for many people. And the 19th century lawyer would find things pretty much as they were if they time travelled to 2017, but a major change to how people can say what should happen after their death is likely to happen soon. If the proposals from the Law Commission get the go ahead, the law is likely to catch up with technology, and in future we…

Applying for Probate

Dealing with death is never an easy thing to do. However, it is important to have the essentials in place from the outset to ensure that the process of obtaining probate is as smooth as possible. Probate is the process of proving a Will by the executors who are identified in the Will and more specifically, gives the people who are dealing with the estate the authority to deal with the deceased person’s assets. Obtaining probate when there is a Will is by way of Grant of Probate, also commonly…

House sellers are facing testing questions

Springtime is traditionally the busiest time for the property market, but with a knotty problem affecting more homes than ever, it’s worth doing some horticultural homework before you start, whether you’re buying or selling. Japanese knotweed is a highly invasive, aggressive and destructive plant, able to grow as high as four metres in just a few months and with roots that can spread seven metres. It’s non-native with no natural predators, and is able to cause significant structural damage, growing through asphalt and other hard surfaces, often compromising building structures.…

What is the Residential Nil Rate Band? (RNRB)

From 6 April 2017, the Residential Nil Rate Band (RNRB) will be available for residences inherited by direct descendants (see below) in addition to the existing Nil-Rate Band (NRB) which is currently £325,000. From 2017/18 the RNRB will be phased in, at this point the sum which will be able to be claimed is £100,000, increasing by £25,000 each year until 2020/21 when it reaches £175,000. The current rate of NRB will be frozen at £325,000.00 during this period. As with the NRB, any unused RNRB can be transferred to…

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