More often than not, by the time clients come to instruct a property solicitor, they have a buyer in place, and already know how to sell a property.  

 

However, as a busy Lancaster law firm, our property team deal with a variety of property sales- be that by way of sale on the open market, traditional auction, modern auction, part exchange, home equity release or quick cash sale companies, and are extremely well-placed to give selling advice. 

The Property Redress Scheme is essentially the complaints department for the tenant and Landlord world. Estate Agents and Letting Agents dealing with residential properties in England and Wales must be a part of the scheme and if a customer is complaining about a service which cannot be resolved between themselves and the Agents then they can complain to the Scheme. 

There can’t be too many of us who haven’t had to chase for the £100.00 we lent a ‘friend’ for a night out. Obviously, the friendship soon ends and you realise (probably) that, to quote Polonius, it’s probably easier to avoid the wrath of your significant other, to follow the adage of ‘neither a borrower or lender be’. You live and learn. 

 

I mean, you’d never serve a friend with a Statutory Demand.. would you?  

 

Well, actually, no. At least not for a hundred quid. But what if they owed you in excess of £5,000.00- this being the threshold for which you can start serving your Statutory Demand against an individual. 

 

Want to get into that new property as soon as possible? Wanting your sale to Complete yesterday? 

 

It is often difficult for your property solicitors to pinpoint a specific date for Completion within your transaction, unless the matter is well progressed and your property solicitors have been able to agree a date with the vendor’s or buyer’s legal team. 

 

When selling a property in the local area, MG Legal will advise that the usual time limits are set at approximately 4-6 weeks to Complete. 

Lancaster Law Firm, MG Legal note that the changes in regulations which took place in April last year are causing problems for Commercial properties. 

 

The EPC contains various information about the property’s energy usage and its effectiveness. The Property is then given a rating from A (most efficient) to G (least efficient)…similar to a report card at school, only this time getting an F or G could mean much worse for you than detention! Conveyancing Solicitors will always review an EPC prior to completion of a matter. This is because every property, save for agricultural buildings or buildings due to be demolished, must have an EPC if they are put on the open market, up for let or a lease renewal. These are transactions that MG Legal’s property team, is very much experienced in. 

Bankruptcy is a multi-faceted beast- well, there are two ways of going bankrupt, and there are orders, assets, restrictions and registers to think of. 

 

If you can’t pay your debts, then you could make an online application to go bankrupt. Despite what most people believe, the cost of going bankrupt isn’t cheap, and in some cases, is certainly not a ‘soft option’, there being an application fee of £680.00, and there is no guarantee that the adjudicator, this being the person who works for the Insolvency Service, and will review your application, will actually make you bankrupt.  

 

The adjudicator will send an email within 28 days, confirming if the application is successful or not. If your application is unsuccessful, the £680.00 is not returned to you. 

If approaching your property solicitors in Preston to buy/sell a property which has only been registered in the current proprietor’s name for six months or less, you will be advised on the six month rule. 

Following the case of Owens v Owens, which has made headlines on more than one occasion in recent months, the Government are proposing making changes to Laws surrounding divorces, to minimise the stress and anxiety it causes the parties involved. 

 

MG Legal Lancaster Solicitors have summarised the main points of the report, to help you understand what it entails.