I say Leasehold you say….? If you have come across this term, then you’ve potentially come across it due to the bad press Leasehold Properties received before we were swamped with Brexit news. The horror stories and steady stream of newspaper articles about developers charging first time buyers thousands, buyers finding themselves stuck with a property they cannot sell and villainous Management Companies making their millions. MG Legal, Property Solicitors Preston, look at why despite mounting public concern Leasehold properties might not be on their way out yet. 

According to a recent speech by Andrew Walker QC, the thread that binds the legal process together, the Rule of Law, (The authority and influence of law in society – the main pillar of the Rule of Law being that all members of a society, including the government, police, and any other powers, are considered equally subject to publicly disclosed legal codes and processes), is under threat as a result of cuts being made to legal aid relating to family law and those in need of their nearest solicitors dealing in criminal law. MG Legal’s team of solicitors in Preston, and many other local family law solicitors have noticed that the much of the public are unaware of the cuts, and our solicitors in Lancaster, Lancashire still receive requests for legal aid from clients on a daily basis. 

In many divorce matters, both spouses want matters to be resolved as quickly as possible, and they likely want an outcome of financial matters that suits their situation. However, despite the emotional experience that you may be going through during the divorce, it is important to make the right decisions and to follow the financial process set out by the Court, to ensure that you get the settlement that you are entitled to. 

As the pound suffers its worst day since 2016 it would seem to be a bleak Friday indeed. This news comes as, according to the BBC, analysists are advising that homes are taking longer to sell than they were a year ago. Since 2016 the markets have appeared little affected by Brexit however as the March 2019 departure date approaches it seems that the figures are being affected. This news is not helped by the Royal Institute of Chartered Surveyors forecast that house prices are at the lowest they have been since 2016. Currently; it is estimated that housing transactions are down twenty percent however on the whole house prices are still on the rise. 

During Family Law Proceedings, the Judges have numerous options open to them when considering what terms to set within an Order. 

 

If parties cannot reach an agreement between themselves outside of Court, and after attempting mediation, then your Solicitors in Lancaster would suggest issuing proceedings in Court to help finalise financial matters relating to the divorce. 

When couples end up in Court proceedings relating to financial matters connected to a divorce, they do not always expect the seriousness of the matter. Quite often, people explain how they did not realise the involvement that they would be required to have, until they spoke to family solicitors Lancaster, MG Legal. 

When buying a property in joint names, your solicitors in Preston Lancashire will require confirmation as to how you wish to hold the property. This is for entry within the Transfer Deed (TR1), which effectively transfers the ownership of the property from the seller to the buyer. This Deed is submitted to the Land Registry for entry within the Register, it is, therefore, important that this is correct before signature and submission. 

Not that long ago, our Lancaster Solicitors explained how the Government were now considering expanding the Civil Partnership Act to include any couple who wishes to enter into one (read our Lancaster Solicitors’ blog here). Our Lancaster Solicitors explained that this would benefit co-habiting couples who do not wish to marry, as they could enter into a Civil Partnership and gain the same rights as a married couple, for example, our Lancaster Solicitors explained, they would be entitled to certain benefits on the death of their partner that they would not usually be entitled to. 

Many parents of minors who suffer from a lack of mental capacity often forget that the automatic rights given to them by way of Parental Rights protections, including all financial and medical decisions, are diminished somewhat when their child reaches adulthood, often leading to a minefield of confusion, worry, and lack of knowing where to turn.