The Bank of England will need to keep interest rates high into 2024 as the UK struggles with a combination of weaker growth and persistent inflation, the International Monetary Fund has warned. In its half-yearly update on the global economy, the IMF said growth had already slowed “fairly sharply” and painted a downbeat picture for
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Solicitors Blog
Lease Extentions in Kingston, Epsom & Ewell
If your lease has less than 70 years left, many mortgage lenders will require a lease extension. Additionally, be aware that the cost of extending the lease increases when it drops below 80 years, so even with 80-85 years left, you might want to consider an extension. To qualify for a lease extension, you must
Don’t get caught out by unregulated will writers
Making a will is an important step to take and as qualified Will Writers in Ewell Surrey, we have Four Easy Steps you can take:1. You contact us and we send you a Will pack setting out the information we need (we can go through this over the telephone or in person if required).2. We draft a will
What is happening to the property market?
The housing market is slowing and property prices have fallen from their peak levels – but predictions of a dramatic price fall are yet to materialise. The latest official data from the Land Registry shows the average UK house price was £286,489 in April. While that marks a 3.5% increase from the same time last year,
What does 2023 look like for small businesses?
Rieva Lesonsky a small business expert reports: “Nobody knows whether a recession will occur, but it’s certainly fair to say that small businesses are dealing with several economic obstacles right now. Fortunately, small businesses are resilient. Even if a recession does develop, our 2022 Small Business Now report shows that 90% are confident that they
Starting a business?
Running a business as a sole trader means that you will be the sole stakeholder in the business. This can give you more freedom in running the business than you would have in a limited company, as it means that you alone are responsible for controlling the company, and you aren’t responsible to other shareholders.
Conveyancer vs. Solicitor: What’s the Difference?
Definition of a Conveyancer A conveyancer is a legally qualified and licensed legal executive, usually engaged on a day-to-day basis to prepare and execute the real property conveyancing process for their clients. A conveyancer will undertake tasks like grant of the mortgage, placement of the purchase and the mortgage on a property, purchasing and selling
Can someone with dementia make a valid will?
If you or a loved one are diagnosed with dementia it is possible to make a will while you still have periods of lucidity, say legal experts. It is also advisable to set up lasting power of attorney, a legal failsafe which allows someone you trust to take over control of your affairs, while you
Can I protect my children’s inheritance if I move into a care home?
If you, or a loved-one, is facing the prospect of a permanent stay in full-time residential care and is expected to pay a contribution towards this, the value of your assets will be assessed and that may include the value of your home. Your home may not be taken into account for the cost of
Inheritance tax is a 40% tax applied after a person dies to estates that are worth over £325,000 – or more if a home or the sale proceeds of a home are included. The value of your estate for the purpose of inheritance tax includes: The first £325,000 of your estate is tax-free so the