Recent updates to leasehold properties as Housing Minister Matthew Pennycook confirms changes to leaseholder ownership under the Leasehold and Freehold Reform Act 2024. In a statement Matthew Pennycook wrote: “I have today signed regulations to remove the two-year ownership rule for leaseholders of flats to extend their lease, and leaseholders …
The temporary changes to SDLT thresholds were brought in by the last Conservative government in September 2022 to make home buying more affordable are set to change. Liverpool Legal solicitors expect to see an increase in activity from buyers in the first quarter of 2025 to complete on their property …
Read more “Stamp Duty Land Tax (SDLT) rates increase deadline.”
Probate is the legal and financial process of dealing with the estate of a deceased person. The Grant of Probate gives the right to the Executor(s) to deal with someone’s estate when they die. It gives permission to action the deceased’s will, which includes selling property, distributing assets, and dealing with …
Read more “Probate Registry Telephone Lines Restricted for 12 weeks”
Q. What will happen if I do not have a Will in place when I die? A. If you die without making a Will, then the Law decides how your estate is divided on your death. This is known as the Rules of Intestacy. This may result in your partner …
UK house prices show the first signs of recovery from recent declines following the pandemic. According to Nationwide Building Society, UK house prices have risen by 0.5% in April 2023. The average UK house price in April 2023 is £260,441. This is the first price rise in seven months. The …
Read more “Good news is on the horizon for property buyers.”