by Reece | Feb 24, 2022 | Knowledgebase
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...
by Reece | Feb 24, 2022 | Knowledgebase
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...
by Reece | Feb 24, 2022 | Knowledgebase
Your Toomey Legal step-by-step guide. 1.Make an offer. Or negotiate the price which is usually done via an estate agent. 2.Offer is accepted. You would then need to instruct us to act on your behalf in the purchase. 3. Confirming Instructions. We will confirm...
by Reece | Jan 11, 2022 | Knowledgebase
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...
by Reece | Jan 11, 2022 | Knowledgebase
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...
by Reece | Aug 19, 2021 | Knowledgebase
The procedure for both is broadly the same so I will try and keep it simple! What will it cost? PROBABLY A LOT LESS THAN THE “VALUATION” THE FREEHOLDER ASKS YOU TO PAY! It is normally possible to get very significant reductions on the initial price offered so...
