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Top 10 Mistakes Buyers Make During Conveyancing (and How to Avoid Them)
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 role in ensuring everything goes smoothly. However, it's riddled with...
Common Mistakes Landlords Make in Commercial Leases (and How to Avoid Disputes)
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 centre to industrial units in Sunderland and office developments in Durham....
Buying or Selling a Small Business with a Lease: Legal Checklist Before You Sign
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 potential liability). Whether you're acquiring a café in Newcastle, a...
Toomey Legal Flow Chart
Step 1 Your offer is accepted, and you instruct a Conveyancer. We open a file and send a client care pack for you to complete and return. UK ‘national average’ for the Conveyancing process is 12-16 weeks. Step 2 We will receive the contract documents from the seller’s...
What is the problem with leaseholds?
To answer that you first need to know: What is the difference between freehold and leasehold? IF YOU OWN THE FREEHOLD, YOU OWN THE PROPERTY INDEFINITELY. IF YOU OWN THE LEASEHOLD THEN EVENTUALLY THE LANDLORD WILL GET THE PROPERTY BACK. The problems flow really...
What is Leasehold Property?
There are two ways to own property: Freehold and Leasehold. A Freehold is when you own the property indefinitely, with Leasehold property you have the right to the property for only the length of the Lease. The Lease is granted by the Freeholder so when the Lease...