Toomey News

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...

There are many listed buildings across the UK, some of which get put on the market. Due to their prestige, buyers often jump at the opportunity to but a listed building near them. However, these...

Buying a property is a massive step which many people find difficult to accomplish by going to market. An alternative is to make a property purchase at auction. Having access to a range of...

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...

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...

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,...

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...

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...

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...

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...

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...

Any lengthy legal process has the risk of things going wrong and conveyancing is no different. There are many steps, each with a variety of considerations that need to be taken into account. While...

If you’re a first time buyer or someone that hasn’t reached the completion stage of a property sale, you may have never had title deeds. However, you will have probably heard of it. This is because...

Living in a commercial property is likely not something many buyers have considered. However, in periods where residential house prices are very high and mortgage rates are rising, this can be an...

The process of designing and purchasing a new build home as a buyer can be very exciting. However, it’s best not to rush into your dream property. Even though new build homes can be designed exactly...

Whether you’re an established business owner or someone looking to set up their first business premises, getting a mortgage on a commercial property is a big step. It’s a valuable asset that will...

Many new build homeowners are unsure whether they can make extensions to their property after it has been completed. This confusion typically stems from planning and developer permission....

Commercial property transactions are a business investment. These assets fall squarely within the definition of goods and services, meaning their purchase can be subject to VAT. However, VAT...

Buying a property is a big investment with a lot of moving parts, paperwork and sometimes a great deal of stress too. When going through this process you’ll want to have a property conveyancing...

Well, yes and no. The new build conveyancing process has many similarities to that of an older property, although with some added complexities. These largely stem from the potential risks associated...

If you’ve found a property that you love and are keen to make an offer, but it’s situated in a conservation area. It’s important to know what that will mean for you if you become its new owner....

Putting in an offer on a property is exciting, especially if you’re a first-time buyer. When you find a property you really love, you just want to get the keys and move in as soon as possible....

New build residential properties have a lot to offer prospective buyers. They can yield many benefits while adding an extra level of excitement to the conveyancing process. However, there are...

Regardless of your position, you may feel it’s in your best interest to renegotiate the terms of a property sale. However, this can be a step backwards in the conveyancing process, leading to the...

Remortgaging can be highly beneficial to homeowners looking to get better rates or release equity from the property. However, many are put off and rule this option out because they think you’re...

If you’re looking to sell your business, you’ll naturally want to complete the sale as quickly as possible. After all the next chapter or whatever you’re moving on to will be waiting. The exact...

Aside from being a funny and made-up sounding word, gazundering is a very real problem for UK property sellers. In the best case, it can leave sellers with less than what they perceive is their...

Growth in average UK house prices continues to fall. As such, there are likely to be more first-time buyers entering the market and facing the twists and turns of property chains.  A property chain...

Buying any type of commercial property and the business that comes with it, can be challenging. The hospitality industry though, is one of the most competitive and stressful industries to get into....

A green lease imposes environmental responsibilities on a landlord and their tenants. These obligations are in addition to the contractual arrangements for use of the assets.   Green leases are...

Many individuals like the idea of buying a commercial property and renting it out, which is understandable – in the right circumstances it can be a very lucrative opportunity. However, what often...

Selling a property at auction can be a great option for homeowners who are looking for quick sale or have a troublesome house that isn’t selling the conventional way. However, there is a lot to...

If you’re buying or selling a property you will naturally want to make the process, go as quickly and smoothly as possible. The question of whether the same conveyancer can be used for buying and...

When you’ve made the offer on your perfect home and get the exciting news that it has been accepted you might think that’s all the stress and challenges over. That might very well be the case but...

Buying houses to rent out is a very popular investment in the UK, as it can provide a stable and reasonably high level of income depending on how many properties are in your portfolio. If you’re...

When you’re buying a house, you consider the location it is in and how beneficial that area is to you, and the same applies to commercial property. In fact, it might be even more important to choose...

If you are buying or selling a property, you might have come across the term ‘vacant possession’ as you start that journey. Whether a property is being sold with or without vacant possession it will...

At the start of any commercial property transaction, a prospective buyer will likely want to make enquiries to the seller in order for them to understand the property better. These are known as...

A bridging loan provides quick access to funds to those who need it temporarily like if they are buying a property at auction or are in a chain. However, pretty much all loans come with some element...

When you purchase a leasehold property whether that is a house or flat, it can be similar to renting in that there may be some restrictions in place that you would need to agree with the freeholder...

There are a number of fees and costs involved when it comes to buying a residential property, one of which is a Land Registry fee. Despite not being massively expensive in most cases it is still...

If you’re purchasing an investment property, you will need an expert buy to let conveyancing solicitor to guide you through and carry out the legal side of the transaction on your behalf. In this...

A tenant’s legal position when their commercial lease expires will largely come down to if the lease adheres to the Landlord and Tenant Act 1954. Commercial tenants normally stay in a property when...

For many individuals wanting to start a business, finding the right building to base your day-to-day operations in can be very challenging, especially given the often extremely high costs attached....

Fixed fee conveyancing is a term used to describe a pre-agreed price set for the legal service that is being provided. So, the price you are quoted at the start of the process before work starts...

Conveyancing searches, also sometimes referred to as property searches, are public authority enquiries that help you get more information about a property you intend to buy. For example, searches...

Having a mortgage application withdrawn after contracts have been exchanged is quite rare, but it can happen occasionally, and when it does it can be very distressing for buyers who were just inches...

The commercial property market in the UK has seen a big increase in demand from investors after the uncertainty that came from the decision to leave the EU. This led to record levels of investment...

If you’re wanting to buy an existing business instead of starting a completely new venture from scratch, there are some important things you’ll need to consider first. In this guide, we’ll be going...

House auctions can be a great way to grab a bargain or buy a property quickly. In the past, auctions were mostly attended by cash buyers and investors looking for a project. Over time though, all...

If you’re interested in remortgaging, you might assume that you need to wait until you’re existing deal ends before you can even get the ball rolling, which isn’t necessarily true. If your current...

From a legal point view, every business bought is unique with its own specific combination of factors and legal issues that need to be dealt with. However, there are similar aspects that are common...

New build properties have become an increasingly popular option for first time buyers for several different reasons. Buying a new build is different to purchasing an older house. However, there’s a...

Commercial property is a popular option for many investors because it has the potential to offer healthy capital growth, consistent monthly income, and more security than investing in stocks and...

Brits have long had an interest in property, whether it be a house or a flat. As a result, it’s not surprising that in recent years this love of property has expanded into commercial property, with...

Buying a property at auction can be a straightforward and hassle-free process if you know what to do. In this article, we’ll be looking at the key dos and don’ts of buying a house at auction, so you...

Hexham man Fenwick Ridley, swim coach, has been selected again to be a member of Team GB in the 5th Ice Swimming World Championships in Samoëns, France, in January 2023. His passion for swimming in...

Commercial property refers to as property that’s used to generate profit, either from rental income or capital gain. If you’re the owner of a commercial building and feel like it’s time to part ways...

If you’re thinking about purchasing a property through an auction for the first time, you probably have a lot of questions. One of the most common questions first-time auction buyers have is whether...

It’s a common misconception that a lot of capital is required to be able to invest in commercial premises and that it’s only for large-scale investors. Naturally, the larger the building the more...

When buying a new home, getting a survey done is extremely important. This is because it will tell you whether the property is worth the price, you’re going to pay for it and if you’ll be stuck with...

The property market is always changing, which presents various challenges for business owners, landlords, tenants, buyers, and renters. Changes within legislation and rules mean that residential and...

When a property is sold, sometimes it won’t come with the land that it is built on. So, any buyers that are about to start the process of purchasing a house should double check which basis both the...

If you’re interested in buying a non-residential property like shops, offices, or work units, there is so much to do and think about you may not be aware of whether you are required to pay stamp...

Toomey Legal are very proud to announce further additions to our already experienced team. Pictured with Sue Shaw-Toomey, our Director, is Dawn Norgrove who joins as Receptionist/Secretary and...

You know you are in safe hands with us as 4 times per year we get audited to the LEAP Best Practice Standard. LEAP helps us communicate faster and more clearly, allowing us to exceed our client's...

If you’re buying a home, you’re probably excited to get the ball rolling and want a quick conveyancing process. In most cases, the average conveyancing for purchasing a home will take anywhere...

Being a first time buyer looking for your first home can be scary and complicated. It’s easy for buyers to feel overwhelmed fairly quickly into the process. That’s why we’ve put together a guide...

As a first time buyer it can be tricky to navigate the world of mortgages and everything you need to do before getting the keys to your new home. Before you start to look at properties, you will...

If you are selling or purchasing a property, then it is important that you use the right legal services. This guide explains conveyancing, why it’s important and the typical process involved. Buying...

A deed of variation is a legal document that allows one or more beneficiaries of an estate to amend their rights under the deceased's will (if one exists) or intestacy provisions (where there is no...

A declaration of trust is a key document which relates to a trust and is relevant for any beneficiaries. This guide explains everything you need to know about this document including how it relates...

If you need legal support, it’s important to get advice from the right professional. This guide explains the key differences between a conveyancer and a solicitor that you should be aware of.  ...

There can, unfortunately, come a stage in life when you are no longer able to make decisions. This can be a very big step and something that isn't to be taken lightly. When this time comes, you will...

Commercial property is real estate that’s used for various kinds of business activities. While it usually refers to buildings that house businesses, it can also refer to land used to generate a...

There are many different types of property disputes. Some common ones include boundary disputes, easement disputes, and title disputes. Boundary disputes occur when two or more people disagree about...

If you're looking to add or remove a name from your home's mortgage without remortgaging, a transfer of equity could be the right solution for you. Here's what you need to know about this process...

Toomey Legal are pleased to announce their Easter Garden Trail 2022. You MUST pre-book your space by the contact email. Limited spaces are available so book early to avoid disappointment. All...