Conveyancing can seem complicated, especially if you are a first-time buyer. So, here are the 6 main steps when purchasing:
1. Preparing to buy Contact your mortgage company and chosen solicitor early on, to ensure everything’s in place, ready for when you find your new home and make an offer.
2. Property investigations (searches) Once your offer has been accepted, we’ll start our detailed investigations on the legal title of the property and surrounding area, such as the obtaining a local authority, water & drainage and environment search.
We have spoken to a number of landlord clients recently who have agreed to extend their Section 21 deadlines in order to assist their tenants and the local council in rehousing the tenants. This is risky. It is really important that any landlord or agents note that a Section 21 notice can only be used as the basis of a possession claim if the possession claim is issued within 6 months of the date on which the Section 21 notice is given to the tenants. On three recent occasions our landlord clients have granted extensions of the Section 21 notice whilst in discussions with the tenants and council. By the time they come to Barwells the 6 month period has expired and we then have to issue a new Section 21 notice. If you have any questions about this please do not hesitate to contact us on litigation@barwells.com or 01273 582271.
The transferrable Nil Rate Band (TNRB) was introduced by the Finance Act 2008 and is available when someone has died on or after 9 October 2007, even if their spouse or civil partner died before this date. This was heralded by the Government as “doubling” the Inheritance Tax threshold for married couples and civil partners.
Now more than ever, as businesses are coming out of lockdown and reopening, it is so important to ensure that your business runs as smoothly as it can. Whether you are a well-established business or newly formed, Barwells is on hand to help with all your business needs. Barwells for Business offers a wide range of services to support and guide business owners to take the stress away. For a monthly subscription fee Barwells has 3 different levels to suit the needs of your business.
Making “gifts” is something that many of us do without realising the possible implications. However, making gifts can be a useful way to reduce or minimise any Inheritance Tax (IHT) liability on your death too.
