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Venturing into the world of home buying for the first time can be a challenging journey. Understanding this process is vital if you are going through it for the first time.
The foundation for a successful purchase includes being ready for both the upfront and ongoing costs of owning a home, with a particular emphasis on the significance of saving for a substantial deposit over several years, a task made increasingly difficult by rising house prices.
Navigating the complexities of inheritance law is essential for providing clarity and peace of mind. In this guide, we'll shed light on the specificities of spousal inheritance.
If you would like more advice, contact our team today.
Navigating the legal landscape can be complex, and one area that often raises questions is the concept of cohabiting relationships. Understanding the legal implications of cohabitation is essential.
If you would like more advice, contact our team today.
Embarking on the journey of buying a house in Scotland involves navigating a series of legal steps to ensure a smooth and legally sound transaction. This blog provides a simplified yet comprehensive overview of the home-buying process in Scotland, covering key stages from appointing a solicitor to the registration of title.
If you would like more advice about buying property, contact our team today.
During the summer, Inheritance Tax (IHT) has been in the news almost every day. Along with more than 50 other MPs, Jacob Rees-Mogg, Liz Truss, and Nadhim Zahawi have written to the prime minister to demand the abolition of IHT. The Daily Telegraph has begun a drive to repeal the tax, and it is said that Downing Street is debating whether to include this idea in its election manifesto.
Remember A Charity is worried that such an alteration to the IHT framework might have a major adverse impact on legacy revenue, putting at risk one of the UK's greatest sources of voluntary income, which currently raises £3.9 billion annually.
Scotland's average home price increased by 1.57% between June 2022 and May 2023, with significant regional variances.
Edinburgh experienced the strongest growth among Scotland's major cities, rising by 3.35% over the course of the year, with the monthly figure of £334,118 recorded in May ranking as the second-highest ever. Compared to Glasgow and Dundee, Aberdeen's average costs increased by 0.81% and 1.68%, respectively, over the course of the year.
Already a difficult undertaking, the continuous economic uncertainty makes getting ready for a mortgage more difficult. The ability to efficiently save and budget is increasingly difficult due to the cost of living problem and the Bank of England base rate, which is currently at 4.25%, its highest level in 14 years.
Since a mortgage is a long-term commitment, it's crucial to understand what you can afford and to take the required steps to maximise your chances of finding the best deal.
When looking to jointly own property and assets, there is a lot to consider, especially what will happen with them when you are no longer here. In this article, we look to address any questions you might have.
If you are looking to find out more about what happens to your jointly owned assets on death, then speak to our private client solicitors today. You can contact us by calling 01555 662576 or fill out our online enquiry form.
Dealing with the death of a loved one can cause complicated issues that you will need to consider when dealing with the distribution of their assets. If the deceased has passed away with a Will in place, this will detail how to administer their property, money and possessions. Within this, the deceased will have appointed certain executors to act as their representatives in administering the Will.
Over the years, the traditional family structure has changed quite significantly. Modern families come in all shapes and sizes. They may include children from previous relationships, cohabitating partners, same-sex couples and adopted children.
Contact our approachable, reliable and experienced solicitors.
Providing effective legal advice in Lanark and beyond since 1867.