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When purchasing a property, you will be asked how you wish to own the property. There are three options; either joint tenants, tenants in common in equal shares or tenants in common in unequal shares. As joint tenants, each person owns an equal undivided...
Over recent years, the Government has implemented various schemes to help first time buyers get onto the property ladder. These have included the Help to Buy ISA, the Lifetime ISA and Help to Buy equity loans which have proved widely successful. However,...
Following the events of the past year or so there has been much discussion surrounding the competing interests between a commercial landlord and tenant. The economic implications of COVID-19, the threat of future lockdowns and how best to protect...
During the course of a property transaction, you may be asked if anyone else is going to be living in the property with you. An ‘occupier’ is someone aged over the age of 18 whose name is not on the title or mortgage to the property but will be...
For many taking the first step onto the Property ladder can present significant financial challenges. With rent averaging higher than monthly mortgage payments, saving up the crucial deposit is becoming more and more difficult. Increasingly, many are...
Congratulations to our criminal law department for yet again being ranked as a top tier firm in The Legal 500, an independent guide which ranks law firms and solicitors in the UK. This maintains the ranking which the department has achieved consistently for...
In July 2020, Chancellor Rishi Sunak announced a raft of measures worth up to £30 billion as part of his plan to rescue the economy amid the coronavirus pandemic. This included a stamp duty holiday in a bid to boost the housing market and kickstart the...
In 2008 MCP joined the Will Aid Campaign. As a firm we participated in a number of charity schemes promoting Wills, and this seemed like a great fit for us. Will Aid assists 9 charities including Age UK, British Red Cross, Christian Aid, NSPCC, Save the...
During property transactions we can often come across areas of land that are not registered or not included in the homeowner’s title. This can cause delays or difficulties during the process. This could be perhaps a small piece of garden land to the...
Since April 2013, the Government has been operating a Help to Buy Equity Loan scheme for buyers of new build properties. This allows buyers to take a charge on their property of up to 20% (40% within London areas) of the purchase price in a loan from the...
Whether you’re a landlord or a tenant, there may come a time when you want to renegotiate your lease or terminate it altogether. A key factor both parties must consider is whether the lease in question has security of tenure. Kimberley Fox , a...
The Help to Buy ISA scheme was introduced by the government to help first time buyers save a big enough deposit to get onto the property ladder. Although a new Help to Buy ISA cannot now be opened, you can still keep adding to it and claim the bonus until...
Since April 2013, the Government has been operating a Help to Buy Equity Loan scheme for buyers of new build properties. The scheme allows buyers to take a charge on their property of up to 20% (40% within London areas) of the purchase price in a loan from...
There are many reasons why a tenant may wish to terminate its commercial lease before the end of the contractual term. In such situations, a tenant might look to exercise the break option in the lease. In order to successfully exercise the break option,...
During periods of national and local lockdowns many separated families are questioning whether children can move between the homes of their separated parents or whether they ought to remain at the home of one parent for the duration of the lockdown period....
I come across this very important question with a lot of my Clients. The circumstance may be that my Client is purchasing a property with their partner or friend or the ‘Bank of Mum and Dad’ is providing some part of the capital for an...
We have said goodbye to one of our longest serving members of staff. Pam Lunn is retiring after more than 30 years as receptionist at our Wisbech office. If you have ever called the office or popped into our Wisbech branch it is likely that you have...
The coronavirus pandemic has had a profound effect on all businesses, leaving commercial tenants questioning the future of their business and many tenants now considering the real likelihood of having to down size their business premises or having to...
When you sell or buy a property, you may notice that your solicitor provides you with a Property Information Form. If you are selling you will complete this form with information for the buyer, and if you are buying you will be able to look through the form...
Peterborough soldiers are amongst 2,700 Armed Forces personnel who have been helping to deliver COVID-19 testing as part of the Government’s national testing programme. Just days after being mobilised at the end of May soldiers from 158 Regiment RLC...
As a solicitor working predominantly in Residential Property, I come across a lot of Restrictive Covenants. I am often asked by my clients; ‘What is a Restrictive Covenant?’ or; ‘It is my Property, why am I not allowed to just paint my...
Some good news for the property market, as Chancellor Rishi Sunak announced a raft of measures worth up to £30 billion as part of his plan to rescue the economy amid the Coronavirus pandemic. A Stamp Duty ‘holiday’ has been...
We are bidding farewell to Margaret Taylor as she retires after a career as a solicitor of over 40 years. Margaret qualified as a solicitor 1979 and has always worked in firms in the West Norfolk area throughout her long and varied career. Margaret deals...
Last month, the government announced that the buying and selling of homes was to be permitted again amid the coronavirus pandemic. Estate agents and letting agents were also allowed to re-open and start viewings of properties for potential buyers and...
An article written by Amy Browning , one of our Wills and Probate team. COVID-19 – what a start to the new decade. This pandemic has meant changes to working practices for all of us not least for those of us who usually have the relative comfort of...
