Before going into shared ownership with any family members, just make sure you are not setting yourself a trap for later on - as one family nearly found out.
Affordability is a key issue when it comes to any transactions or financial contracts. Whilst an applicant may be sound on paper, there are no personal or medical references needed, but why is that important?
You’d be surprised how often I get asked questions like this in my profession, but whilst leaving a family member out of a will is a difficult moral dilemma, there might be other things to consider - or it could just come back to haunt you.
It's a good time to sell. Demand for properties amongst buyers is currently exceeding supply meaning properties in the South East are selling quickly and often at, or even above, asking price. The availability of lending to First Time Buyers (FTBs) continues to improve and with lenders offering FTBs incentives such as paying their Stamp Duty Land Tax bill, more young people will be enticed to take their first step onto the property ladder.
In 2014, we reported on the Court of Appeal’s decision in the case of Marks & Spencer PLC v BNP Paribas Securities Trust Company (Jersey) Ltd (BNP Paribas). Following this, Marks & Spencer PLC were allowed by the Supreme Court to appeal the decision of the Court of Appeal to not grant them a refund of the rent they had paid past the break date of the lease.
If you are a Landlord of domestic and/or non-domestic private rented property and the Energy Efficiency Rating of that property (shown on the Energy Performance Certificate (EPC)) is F or G, then this article is relevant to you.
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