3 min readDebt recovery can be exhausting when your debtor is showing no signs of repayment. In a few cases, taking legal action becomes necessary. If this is what you want to do, consider the following: Steps to take prior to taking legal action If there is no response to the LBA, you are permitted to take … Read more
2 min readOn July 8th 2020, Chancellor Rishi Sunak announced that the stamp duty threshold will be raised from £125,000 to £500,000 until March 31st 2021. What is stamp duty? When you buy a house or a piece of land in the UK, you are required to pay stamp duty, which is a percentage of the property … Read more
2 min readIf your wife is not in a position to make financial decisions and there is no power of attorney in place, you must apply to the Court of Protection for deputyship over her finances. Only if you are appointed as a deputy by the court, you get legal authority to manage her finances. You cannot … Read more
3 min readSteps you should take when someone dies and leaves a will When someone dies leaving a will, the executor of the will becomes responsible for administering the assets of the deceased. The deceased individual, through his will, appoints one or more individuals to serve as executor. If you have been appointed as executor, you need … Read more
2 min readIn many countries around the world, the law requires a person to leave his property, or at least a portion of it, to family members and relatives who survive him. But in England and Wales, such “forced heirship rules” do not exist. An individual can make his own decision about who must inherit his property … Read more
2 min readMany people immigrate to the UK looking to start a business. In March of 2019, business immigration in the UK underwent a significant change. The Tier 1 Entrepreneur Visa was replaced with two new visas – Innovator Visa and Start-up Visa. After the change took place, many immigrants who were on the Tier 1 Entrepreneur Visa … Read more
4 min readAn executor is a person responsible for the administering of the property, possessions, and money of a deceased individual. He is appointed through a will written by the deceased individual prior to his death. The responsibilities of an executor include: In order to gain access to the deceased individual’s property, the executor must apply to … Read more
2 min readIn what’s being heralded as one of the most significant insolvency reforms in decades, the UK government has thrown many thousands of struggling businesses a lifeline. Officially entered into force on 26 June 2020, the Corporate Insolvency and Governance Act 2020 has brought about the most sweeping changes to the UK’s insolvency framework since the … Read more
2 min readHousing Secretary Robert Jenrick has announced an extension to legal protections for private tenants in the UK for an additional four weeks. The requirement for landlords to provide six-month eviction notice periods – introduced to protect tenants affected by the COVID-19 crisis – will now continue until March 31, 2021, at the earliest. This means … Read more
2 min readWhether you are thinking about selling your property or in the midst of a property transaction, the prospect as a whole can be quite daunting. Particularly when the administrative side of the sale gets underway – the complexity of which never fails to take first-time sellers by surprise. Selling a home in the UK involves … Read more
