Toomey Legal Flow Chart

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?

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?

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...
Understanding Stamp Duty

Understanding Stamp Duty

Many of you many know that Stamp Duty Land Tax (SDLT) is a tax payable when you buy property or land over a certain price. Stamp Duty was introduced in 1694 as a way to raise monies for war against France. SDLT has of course, changed quite substantially since then and...
Lasting Power of Attorney for your Business

Lasting Power of Attorney for your Business

Many people have heard of Lasting Powers of Attorney for personal matters. Which allow you to give another trusted person the ability to deal with your finances and/or health decisions on your behalf. Most people, however, are not aware that you can also make Lasting...