Bounce Back Loans – What are they for and are you sticking to the rules?

There has been some media coverage recently about “fraudsters” applying for the Government’s Bounce Back Loans, and using the funds to buy supercars or property. Supercar dealers have said that their business is booming since the Bounce Back Loans have been paid out. Of course, the rates of interest are making this cheaper than the usual finance agreements, but while we would all love the means to buy a Ferrari, are these people doing anything wrong? We have also…

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Glossary

Abstract of title A traditional method of deducing title used in unregistered conveyancing. Although rarely used now in practice, an abstract will summarise all dealings with the property interest, beginning with the root of title. It will also mention whether documents have been stamped and executed, although it is up to the person investigating title to check that the stamping is sufficient and the execution appropriate. Accelerated receipt A percentage reduction in the amount of compensation paid…

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Can I make a will during Lockdown

With the current Covid-19 situation, understandably more and more people are thinking proactively about getting their affairs in order, and perhaps making a will is one of those things that once was something to think about in the future, but is now becoming a “must do”. However, there are strict guidelines and rules about the creation and execution of a will, so is this possible during lockdown? Usually, if a solicitor is preparing your will, they would prefer to see…

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Moving house in lockdown

Buying and selling houses during lockdown: to move or not to move? We’ve seen a lot of articles and blogs on this topic and thought we’d offer a bit more detail. Covid-19 and the current lockdown situation has of course caused concern for everyone, but what if you are due to move house? What are the implications of the lockdown: should you exchange contracts if you haven’t yet, what happens if you have exchanged but don’t want to move during lockdown,…

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Corona-Property Law

If you are a commercial landlord or tenant, what does the Coronavirus Act 2020 mean for you ?   BREAKING NEWS!! Matters are moving so quickly that since preparing this article on 31 March 2020, the following update needed to be added ! Working in retail, hospitality or leisure business? Two reliefs are available for businesses in these sectors: A holiday from business rates for the 2020-2021 tax year. Cash grants up to £25,000 may be given to businesses in these sectors…

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