I recently sought some guidance from a senior colleague where I was instructed to act for a Buyer, whose seller was selling under a Power of Attorney. She armed me with the following information and I hope this also assists you! It is not controversial to accept a sale under a Power of Attorney. This […]Read more "Buying from Seller under Power of Attorney"
Following on from Part I here are some detailed suggestions to handling the situation where a tenant in common has died. WHERE WE ACT FOR SELLER: We need to provide the buyer’s solicitors with evidence of the death of the deceased tenant in common – this can be either the death certificate or a Grant […]Read more "Death of a Tenant in Common – Part II"
I would like to discuss, in detail, the situation where a tenant in common dies. What happens where there is a Form A restriction on the register and one of the registered proprietors has died? The purpose of the Form A restriction is to ensure that the provisions of section 27(2) of the Law of […]Read more "Death of a Tenant in Common – Part I"
If you are instructed to act for a charity, you need to be alert to compliance and risk assessment issues. Charities take a various number of forms in the UK – small; registered; unregistered; excepted such as churches or exempt such as museums and universities. For registered charities, make sure to take a record of […]Read more "Acting for Charities"
The firm I currently work for makes no bones about dishing out referral fees to individuals and companies who agree to introduce potential clients to us under a formal Referral Agreement for an agreed fee. I have, however, heard arguments both for and against this type of arrangement. YAY The way my firm sees it, […]Read more "Referral Fees – Yay or Nay?"
This beautiful bouquet and box of Krispy Kreme goodness were given to me and my team by a lovely Buyer couple. The gentleman was selling a flat in his sole name and the couple intended to purchase together. While the purchase was a relatively straightforward freehold house, the sale had been a nightmare! The freeholder was […]Read more "Storytime #3"
When dealing with buy-to-let properties, we must check the leases and managing agents provisions/requirements for subletting. Acting on re- mortgages of buy to let properties, or even if the property is not buy to let, is not simply a case of asking the new lender for the money and swapping one lender for another on the […]Read more "Tips For Dealing with Buy-to-Let Purchases & Re-Mortgages"