Toomey News

Remortgaging your home can unlock lower monthly payments, release equity for home improvements, debt consolidation, or simply switch to a better deal when your fixed rate ends. However, the process...

A transfer of equity is a common legal process that changes the ownership of a property without selling it. Whether you’re adding a partner to the deeds after getting married, removing an ex-partner...

Buying commercial property is a significant investment that can generate strong returns for your business or portfolio. However, the legal process is far more complex than residential conveyancing....

Most people buying or selling a home in the UK expect a straightforward process, but when the property is leasehold, things become more involved. Leasehold conveyancing is the specialised legal...

Selling your property in Northumberland can be both exciting and daunting. Whether your home is a charming cottage in the Cheviot Hills, a family house in Alnwick, or a coastal property near...

Moving home is exciting, but the wait between accepting an offer and picking up the keys can feel endless. Many people wonder: “How long does conveyancing actually take?” The honest answer is that...

Buying or selling a home is one of the biggest financial decisions you’ll ever make. Amid the stress of viewings, negotiations, surveys, and moving plans, the last thing you want is uncertainty...

The moment you decide to buy or sell a property in the UK, one of the smartest early steps is to speak with a property lawyer (often called a conveyancer or solicitor)....

Buying a property is one of the most exciting yet daunting experiences in life. In the UK, the conveyancing process, the legal transfer of property ownership from seller to buyer, plays a crucial...

Commercial leasing in the UK continues to present strong opportunities for landlords, particularly in the Northeast of England's evolving markets, from bustling retail spaces in Newcastle city...

Buying or selling a small business in the UK often involves more than just goodwill, stock, and customer lists—many operate from leased commercial premises, making the lease a critical asset (or...

Leasing commercial premises, whether a high street shop, a cosy café, or a professional office space, is a major step for any business in the UK. Unlike residential tenancies, commercial leases are...

Property transactions, whether buying your dream home in Newcastle, selling a family house in Durham, leasing a shop in Whitley Bay, or acquiring commercial premises in Gateshead, represent major...

Buying or selling a home is one of the biggest financial and emotional decisions most people make. In the North East of England, whether you're in bustling Newcastle, historic Durham, coastal...

Stepping onto the property ladder as a first-time buyer is an exciting milestone, but it’s completely normal to feel a mix of nerves and questions. In the North East of England, where areas like...

As we kick off 2026, the UK housing market shows signs of steady recovery. With the Bank of England base rate at 3.75% following cuts in 2025, mortgage rates have eased, boosting buyer confidence....

The UK property market is gaining momentum. The Bank of England base rate sits at 3.75% following cuts in 2025, with mortgage rates easing and buyer affordability improving. Forecasts suggest modest...

Whether you're approaching the end of your fixed-rate deal or looking to release equity from your property, understanding how remortgaging works can save you time, money, and stress.  In this...

Selling a house can feel overwhelming, especially if it's your first time navigating the property market. Whether you're downsizing, relocating for work, or simply ready for a change, knowing where...

Purchasing an office building is one of the most significant transactions a business or investor can undertake. Whether the goal is to acquire premises for your own operations, diversify a property...

Purchasing or refinancing a commercial property—whether it’s an office building, retail unit, industrial site, or mixed-use development—often requires external funding. Unlike residential mortgages,...

When entering into a commercial lease, one of the most important—and often overlooked—elements is the mechanism by which the tenant (and sometimes the landlord) can exit the lease early. Exit...

When you’re entering into a transaction involving commercial real estate, the deal often carries significantly higher stakes than a standard residential property sale. The parties involved may be a...

Acquiring retail premises—whether through purchase or lease—represents a significant undertaking: legally, financially and operationally. The legal process you’ll engage in is known as conveyancing....

When acquiring or leasing commercial property—whether an office building, industrial unit, retail unit or development land—the role of planning permission is central. For lawyers, conveyancers,...

Transferring equity in commercial property is a decision that requires careful consideration, balancing legal, financial, and strategic factors. Whether you’re a business owner restructuring your...

In property ownership, circumstances often change long after the initial purchase. Relationships evolve, financial priorities shift, and investment strategies mature. Whether you own residential or...

Buying or selling a mixed-use property is exciting—but it also requires clarity, foresight, and legal precision. Unlike purely residential conveyancing, mixed-use deals blend commercial and...

Understanding the choice between leasehold and freehold in commercial property is more than a mere technicality—it can redefine your business’s trajectory. Whether you're a seasoned property...

Selling your home isn’t just a transaction—it’s a journey. And boosting its value before you go to market can make a real difference to your sale price, timeframe, and buyer engagement. Whether...

When done thoughtfully, remortgaging can be more than just a financial tactic—it can be a strategic step towards longterm security, savings, or business growth. Whether you're a homeowner looking to...

Selling a home involves more than preparing your property—it’s a legal journey with clear stages you and your solicitor will work through together. Here’s what to expect, from listing to...

Buying your new home with a mortgage adds an extra layer to the conveyancing process. Here's how it all unfolds:  1. Instruct Your Conveyancer & Identity Checks (1–7 days)   Once your offer...

Leasing commercial premises involves more than just paying rent. You'll need to consider a package of costs—covering legal fees, rent deposit, SDLT, ongoing outgoings, and potential landlord...

Conveyancing—transferring legal ownership of a property—typically takes around 12–16 weeks from offer acceptance to completion. However, this timeline can vary depending on several factors. Here's a...

Commercial conveyancing isn’t just about swapping contracts—it’s a full-scale investigation into risk, rights, and long-term viability. Due diligence is your safety net: it uncovers hidden...

Buying your first home is a massive milestone. Amidst the excitement, the conveyancing process can feel unfamiliar and daunting. But you don’t need a legal degree to get through it with confidence....

When buying, selling, leasing, or refinancing commercial property, the conveyancer you choose matters more than you might think. The right solicitor saves you time, money, and stress. They spot...

If you're in the process of buying a home, you've probably wondered: "Does the mortgage lender release money before completion?" In short, no—mortgage funds are not typically paid out until...

Commercial property transactions can be complex, with different legal processes depending on the property and negotiation type.   From buying and selling to leasing and refinancing, commercial...

When purchasing a home in the UK, understanding the costs associated with residential conveyancing is crucial for effective financial planning. Conveyancing encompasses the legal processes involved...

What to Expect and How to Budget Engaging in commercial property transactions—whether purchasing, leasing, or selling—requires a clear understanding of the associated legal costs. Proper budgeting...

Commercial leases establish a legally binding agreement between landlords and business tenants. By outlining terms for property use, rent, maintenance, and legal obligations, commercial leases help...

The UK's commercial real estate market has surged in recent years, hitting a peak of £1 trillion in 2018. According to the Royal Institute of Chartered Surveyors, the sector contributes 1.7% of the...

The right commercial property investment can take your business or property portfolio to the next level. However, the process can be complex, and buyers should expect to face legal and logistical...

The UK's commercial property market has shifted since the Covid-19 pandemic in 2020. Increased demand for sustainability and accessibility means businesses face a changing landscape where...

Conveyancing is the legal process of transferring property ownership between two parties.  There are two types of conveyancing - residential and commercial. This article explores the key differences...

Whether you're an experienced business owner or a first-time investor, commercial conveyancing is vital to successful, compliant property transactions.  In this article, we'll explore the essential...

Although 2024 was a low point for the commercial real estate market, research from industry experts CBRE suggests that investment will increase by around 15% this year. Combined with their forecast...

Whether you're a landlord looking for a stable tenant or a business looking to set up a long-term base, lease negotiations are a key element of commercial property transactions.   Commercial...

Recent data from Rightmove shows an 11% rise in commercial property investment compared to the previous year. This increase marks the biggest quarterly leap in demand since 2021, indicating a...

 The commercial conveyancing process involves legal complexities that a qualified solicitor with local expertise can help you navigate. They'll manage risks, negotiate terms, and ensure compliance...

 Stamp Duty Land Tax (SDLT) rates change on April 1, 2025.   Buying a house after this date could significantly increase the cost of your purchase, making it crucial to act before the changes take...

 Commercial conveyancing tends to be more complex than residential transactions and, as such, more expensive.    It's vital that business owners, investors, and landlords understand commercial...

The commercial conveyancing process is an essential element in buying and selling property. However, conveyancing fees are one of the most overlooked expenses.   Understanding these fees will help...

When buying residential property, the role of commercial conveyancing solicitors in lease negotiations is often overlooked. However, understanding the lease agreement's terms is essential for...

Whether launching a start-up, expanding your business, or investing for your future, buying commercial property is an exciting experience.   However, the process can be complex, and buyers should...

The continued rise in the cost of living leaves many of us worried about how we'd afford a sudden rent increase.   However, your landlord can't increase your rent whenever they like. They also can't...

Whether you're purchasing an office space, industrial property, or retail unit, the legalities involved in commercial property transactions are more intricate than those involved in residential...

Due diligence is essential when you're investing in commercial property. UK commercial property transactions are highly regulated, so overlooking key aspects of the property could result in costly...

With the Bank of England’s Monetary Policy Committee cutting interest rates from 5.25% to 5% at the start of August, there may be more changes to come. Most of us associate interest rates with the...

There can be a lot to think about when selling your house, such as cleaning, transporting precious items, and moving to a new residence. However, it’s important not to lose sight of the fact that...

A commercial lease often has more flexibility than residential ones, as it’s assumed that the landlord and tenant are more experienced due to their shared role as business owners. Nevertheless,...

When buying property, it’s important to look ahead and plan what the investment can be used for later. One way to make use of the value of a property is through equity release. To help buyers and...

When buying commercial property, it’s important to consider all the potential extra costs that might come with the transaction. While conveyancer fees are a part of commercial property purchases,...

Purchasing with the intention to rent commercial property is a popular choice due to the returns. However, this is only guaranteed if the rental income outweighs any of the running costs and other...

Conveyancing will always refer to the transfer of property from one owner to another. However, it’s the conveyancing process and the environment around property transactions which can change over...

Commercial property investment is a lucrative venture that can offer substantial returns. However, like any investment, it comes with its own set of risks and challenges. Conveyancing is one aspect...

Business rates are used by local councils in the UK to gather additional funds for services. This is upheld under the 2013 business rates retention agreements, with business rates varying based off...

Enfranchisement is a key concept in property law that is important for both leaseholders and freeholders. Understanding its historical context, legal definition, and the process involved is crucial...

Becoming a landlord can be a natural step for many. However, if you haven’t done the proper research or you aren’t used to managing the new responsibilities, there might be certain legal...

One of the key steps in commercial property conveyancing is to examine the commercial lease, including each of its clauses. If you are inheriting a commercial property with existing tenants, you...

Investing in property to let can seem like an intimidating prospect for first time landlords. However, joint ownership is quickly being recognised as a way to lessen the burden of the initial...

Commercial leases are legally binding contracts that exist between a landlord and a tenant that’s occupying a property for business purposes. The lease establishes the rights of both parties in...

Make no mistake, buying commercial property is an investment. This means that buyers should seek to generate a return on the money spent on commercial property purchase, either through utilising the...

As you likely know, council tax is a type of tax set by local authorities in order to raise money for local services. This includes rubbish collection, road repairs, funding charities, and much...

Whether you are choosing to sell your commercial property or invest in expanding your portfolio/business, it’s important to know how long the process could take. For instance, knowledge of the...

Insurance policies are essential for any property owner to protect their investment and any assets kept on the premises. This is especially important for commercial property that is occupied by...

For those who are entering into a commercial lease, or commercial landlords who are leasing their premises, Authorised Guarantee Agreements can instil responsibilities on the parties involved. This...

Those that own property to let need to be aware of UK laws designed to ensure the electrical safety of their tenants. Electrical Installation Condition Reports are one such product of these...

Contrary to popular belief, not all commercial properties have to be used for commercial purposes. Buildings that see both residential and commercial use, known as mixed use properties, are...

Buying commercial property can be risky and rewarding in equal measure. However, there are various mistakes which must be avoided when buying commercial property to secure the long term benefits....

Conveyancing might seem like an intimidating process for first time buyers and those who aren’t familiar with what’s involved. Fortunately, there’s a number of frameworks which experienced...

Remortgaging can be a useful option for property owners in many circumstances. However, there is a decent amount of planning that needs to go into remortgaging before it can be executed well. One...

Increasing the value of a property, commercial or residential, is often of interest to those who own the property. However, there are many factors that can affect the value of a commercial property,...

Buying commercial property is big decision and one that should be made with full awareness of all the factors involved. Of these, it could be argued that tax considerations can have the most varied...

Evaluating a lease agreement can be a complex and challenging process. There are many variations in property leases, either due to the type of property, location, features, how it’s used, and many...

Lease agreements for commercial property typically take longer to compile for several reasons. One of these being that the lease documentation for commercial properties usually contains more terms...

Selling a property with tenants can be beneficial for landlords, but there are key considerations to be made to ensure the sale goes smoothly and all parties are happy with the outcome. In this...

If you have a business and are looking for premises, you might be wondering what type of commercial property is right for you and your needs. Equally you should take care to choose the right type of...

With the Corporate Sustainability Due Diligence Directive legislation expected to reach an agreement soon, companies will be expected to make a host of changes to be more environmentally friendly....

It’s law that any property buyer must declare the circumstances of their transaction with HMRC. The nature of your declaration can lead to additional tax considerations, especially when it comes to...

It could be argued that selling a commercial property, or a property of any kind for that matter, is just as important as its purchase. This is because every property transaction is a two-way...

Buying a commercial property for the first time may seem daunting. In fact, many individuals don’t consider whether or not commercial properties can be used for personal use. This means they might...

As you may know, the conveyancing process comes with a variety of different steps that ensure buyers and sellers reach an agreement that is beneficial for both parties. One such step that is often...

If you’ve ever purchased a house before you’ll know the intricacies involved in purchasing a property, the same principles apply in buying commercial property, with just as much risk that something...

Buying a property can be beneficial for many reasons beyond simply putting a roof over your head. Investing in a range of residential and commercial property can expand and diversify your property...

Buying commercial property is an important financial decision that shouldn’t be taken lightly. When you find what you believe to be the right property to suit your needs and purpose, following due...

The housing market is in an unstable place at the moment with a lot of fluctuation in house prices. As a buyer, you may be considering a new build property when exploring your options and that could...

Buying a commercial property can be a great investment opportunity for many people, but if you’re a first time buyer, you might be wondering whether you can buy a commercial property. There is often...