UK housing prices not predicted to stop falling until 2025
Following the coronavirus pandemic, Brexit, and the ongoing economic crisis, the housing market has been left in turmoil. Even as things have started to recover with mortgage interest rates stabilising, some of Britain’s biggest lenders have predicted that house...
A guide to commercial property conveyancing
It’s not quite as well-known as residential conveyancing, but commercial property conveyancing is an important legal process. It is the transfer of ownership or leasehold of a property that is used for business from one owner to another. There are some similarities...
What is classed as a new build property?
As we’ve talked about before, the new build conveyancing process has some additions that make it slightly more complex and time consuming. While this should by no means a deal breaker for buyers, it’s important to be aware of. Similarly, property buyers should take...
How does commercial conveyancing differ from residential?
Transferring ownership from one property to another can be a lengthy process with many stages. This leads many people to wondering what is entailed, especially when it comes to properties that serve different purposes. This is an important consideration for both...
Local business makes “life changing” donation to homeless appeal
A North-East homelessness charity’s Christmas appeal has been given a boost thanks to a donation from local conveyancing experts Toomey Legal. The ‘Giving a Home’ Christmas appeal, run by Oasis Community Housing, raises vital funds to support the charity’s...
Can a landlord sell a commercial property during a lease?
As a business owner, your premises are vital to your success. It’s where your staff work, products are produced, and where customers come to receive your services. Any factors that affect the commercial property can therefore have knock on effects on those that are...
Are all new builds leasehold?
Whether you’re looking to create your own new build property from scratch or buy an existing new build, there are many considerations. You may have heard about the risks and hidden costs of new build properties that are sold as leasehold. Is this something that still...
What is a contract pack?
A contract pack is a set of legal documents, which is given to the buyer’s conveyancer by the seller’s conveyancer. This is an essential step in the process for both residential and commercial conveyancing. Due to the contents of a contract pack, it serves multiple...