Latest News

Help to Build Scheme

The Government has been running  ‘Help to Buy’ and ‘Right to  Buy’ schemes for a number of years now, which see the Government help by providing a second charge for homeowners or allowing them to buy properties they have...

Suffolk Philharmonic Concert 25th June

We are delighted to be sponsoring the Suffolk Philharmonic Orchestra in their forthcoming concert at Ely Cathedral, as part of the Ely Arts Festival. We and our guests are looking forward to an evening of atmospheric music in stunning surroundings. The...

Ground Rent Reform - Good News for Owners of New Leasehold Properties

In 2017, the government announced measures to root out unfair practices within the residential leasehold system, including limiting the amount of any ground rent paid by the owner of a residential leasehold property to their freeholder / landlord. Following...

No Fault Divorce - But Be Wary

The press is full of stories about the new no fault divorce law which comes into force today (6th April). The Government brought this in to reduce the conflict between couples, and that is to be celebrated as bad feeling about the reason for the divorce...

Commercial Leases - The Importance of Negotiating Insurance Provisions

If commercial premises are damaged to the extent that the tenant is unable to use the premises, then you would think that the tenant would expect a rent break. In such circumstances a landlord would look to rely upon their insurance to cover any loss of rent...

Should I Register My House With The Land Registry ?

Land or property must be registered with the Land Registry when it changes hands or is mortgaged, this is why we will often refer to ‘Land Registry fees’, or making an application to the Land Registry after completion of a property transaction. ...

Commercial Lease Assignment

There are many reasons why a tenant may wish to explore their ability to end their tenancy prior to the end of the lease. For example, the premises may be too small for the tenant’s growing business or the tenant may be experiencing some financial...

Owning as Joint Tenants or Tenants in Common. Which is best ?

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...

Joint Borrower, Sole Proprietor Mortgages

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,...

Commercial Lease Pandemic Clauses

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...

Occupier's Consent

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...

Gifted Deposits

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...

MCP Named as Top Tier Firm in Legal 500

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...

Stamp Duty Holiday Update

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...

Will Aid

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...

Adverse Possession

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...

Help To Buy Equity Loan Scheme 2021 - 2023

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...

What Happens When a Commercial Lease Expires ?

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...

Help to Buy ISA

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...

Help to Buy Equity Loan Scheme Ending

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...

Exercising a Break Clause - Vacant Possession Spotlight

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,...

Separated Families in Lockdown

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....

What is a Declaration of Trust and do I need one ?

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...

Pam Lunn Retires

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...

Early Lease Termination Commercial Leases

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...