Archive for the ‘News’ Category
Today is an exciting day. You and your partner have bought you first home although you have decided you will not get married, at least not yet. You are in your new sitting room sharing a bottle of wine and contemplating all the things you are going to do to the place.
Fast forward a few years, you still haven’t married and the unthinkable happens; one of you dies or your relationship ends. You have paid most of the mortgage or perhaps worked a lot on home improvements. What happens?
Previously the answer could well depend on whether the property had been bought in one of your names or in joint names. If the Property was in joint names the court took a pretty rigid view that the actual ownership was 50/50 unless there was specific agreement otherwise. The Supreme Court has now decided that courts should look at what is fair in the situation. However, that may not be what is fair in your mind or what you would have agreed at the outset, if you had put your minds to it. The position becomes even more complicated if there are children involved.
Many people believe that if they live together as man and wife they have a common law marriage and gain the same rights as a married couple. This is not correct.
You should have prepared a declaration of trust which sets out your joint intentions in respect of the property and you should review that from time to time to make sure that it still sets out what you want.
If you are buying a house with another person and you are not married you should always seek advice on how you should own the property and what documents you need to protect you. As well as a declaration of trust you may need to consider a cohabitation agreement as well. A little time spent now could save a lot of time should you separate later on’
If the unthinkable happens you should take advice.
For more information please contact Simon on 01635 521212 or email@example.com
Lisa Keefe, of solicitors Charles Lucas & Marshall, has qualified as a Graduate Member of the Institute of Legal Executives.
She joined the firm’s residential property team in March 2010 and is an experienced conveyancer. To achieve graduate membership, Lisa has spent years in home study, ultimately passing the Professional Higher Diploma in Law and Practice which is assessed at honours degree level.
In her final exams she specialised in conveyancing practice, land law, criminal law and the law of wills and succession.
“I am so pleased that I have now completed and passed all my exams,” says Lisa. “It has been challenging at times but now I have reached the end, I am so pleased I stuck at it.”
Please contact Lisa on 01793 511055 or firstname.lastname@example.org
Charles Lucas Marshall, has received accreditation from the Law Society’s Conveyancing Quality Scheme.
The scheme requires firms to undergo a strict assessment, compulsory training, self reporting, random audits and annual reviews.
Charles Lucas & Marshall is the first firm in Newbury, Hungerford and Wantage to be accredited under the Conveyancing Quality Scheme (CQS) – set up by the Law Society to provide the public with a recognized quality standard for conveyancing services.
The scheme has the support of the Council of Mortgage Lenders, Land Registry, the Building Societies Association, Legal Ombudsman and the Association of British Insurers.
“We are delighted to have been recognised by the Law Society for the quality of our conveyancing,” says Simon Pook, head of Charles Lucas & Marshall’s Residential Property Team. “We are very proud to have the accreditation – and particularly to be the first firm in three of our office locations to receive it.”
The Law Society reports that as well as support from the mortgage lending and insurance industries, there is increasing recognition from the public of the scheme.
“We have strong evidence from our own marketing to show the public is actively seeking CQS firms,” says Simon Pook.
Please contact Simon on 01635 521212 or email@example.com
“I am delighted to confirm that we have this morning received confirmation that we have received accreditation to the Law Society’s Conveyancing Quality Scheme meaning that we have been rated as providing a high quality conveyancing service. We are particularly proud that at the moment we are the only firm in Newbury, Wantage or Hungerford who have gained accreditation. Full details of the scheme can be found at http://www.lawsocietyapproved.com/conveyancing.aspx“
Jackie Waller has been made an associate at law firm, Charles Lucas & Marshall.
Jackie is based in the firm’s Wantage office and has worked in residential conveyancing for over 20 years, dealing with all aspects of residential property law.
You can contact Jackie Waller on 01235 771234 or firstname.lastname@example.org
Jas Chahal has joined the residential property team at lawyers, Charles Lucas & Marshall.
Jas has worked in the Swindon property market for 13 years and was latterly with Lemon & Co.
She will be based at the firm’s Swindon office although will handle client work across Charles Lucas & Marshall’s four offices in Berkshire, Oxfordshire and Wiltshire.
“I am delighted to be joining a firm which has a great reputation for client service and which will allow me to maintain the many working relationships and friendships I have established in Swindon,” she says.
Please contact Jas on 01793 511055 or email@example.com
Simon Pook has been made a senior associate at Newbury law firm, Charles Lucas & Marshall.
Simon joined Charles Lucas & Marshall after completing a theology degree at Westminster College, Oxford. He qualified as a legal executive five years ago and is currently joint head of the firm’s residential property team.
“Residential property work has had a bumpy ride over the last couple of years but we have been able to keep building the team here through – largely by keeping the emphasis on quality service and value for money,” he says.
Please contact Simon on 01635 521212 or firstname.lastname@example.org
As you will probably have heard by now, the Communities Secretary Eric Pickles and Housing Minister Grant Shapps, have today announced the immediate suspension of Home Information Packs. As of this morning, sellers do not need to have a home information pack to market a property for sale.
The requirement to obtain an Energy Performance Certificate (EPC) has been retained but a seller merely has to have commissioned the certificate to start marketing a property for sale.
The HIP was introduced in 2007 by the previous government and has been plagued by controversy ever since. Hopefully by doing away with the HIP more people will be encouraged to market their property for sale to aid the housing market in what are still shaky times.
Charles Lucas & Marshall are able to arrange EPC’s due to our contacts with long established local providers ‘The Property Search Group’. The Price for an EPC, nationwide, is £65 including VAT. Contact email@example.com for further information.
Traditionally, developers have often included items such as payment of stamp duty or fixtures and fittings such as carpets and curtains in their final price to new home-owners.
However, as lenders try to tighten up on mortgage fraud and ensure borrowers do not over-borrow against property values, they have imposed a change of rules which mean solicitors must declare any incentives given to home-buyers within the conveyancing process.
“Lenders want to be clear as to the true value of the property and that the value is not artificially inflated,” says Simon Pook, head of residential property at solicitors, Charles Lucas and Marshall. “We must now include paperwork which details any incentives.”
The Council of Mortgage Lenders – which has introduced the new ruling – believe the price of newly built homes is often distorted by incentives offered by developers.
They want to ensure that future mortgage offers are based on realistic prices of new property.
“This is just another indication of how tough it is to get mortgages in the current climate and how lenders are trying to tighten up every loophole possible to protect their interests,” added Simon Pook.
For more information contact Simon Pook on 01635 521212 or firstname.lastname@example.org