Blog

  • A Recent Study Predicts Greater Demand for Inheritance Tax Advice

    Prudential have carried out new research showing that financial advisers are forecasting a sharp rise in demand for Inheritance Tax advice. It was found that 7 out of 10 advisers interviewed expect demand for IHT planning to grow over the next 12 months. However 17% of advisers feel that due to regulatory changes, they are ...
  • A Recent Report Gives Insight into Housing Market Activity in Scotland

    Registers of Scotland have released a new report which gives an interesting insight into property market trends over the past ten years. It reveals that the total value of the residential sales market in Scotland from 2007-08 to 2016-17 reached over £143.4 billion. “The Scottish property market is a significant component of the Scottish economy” explained ...
  • Dealing with Dilapidations- What Tenants Need to Know

    A commercial lease will contain a repairing obligation which sets out the extent of a tenant’s obligations to maintain and repair the leased subjects.  The tenant is generally obliged to return the property in a “good and tenantable condition”.  Importantly, this obligation may require a tenant to put the property into a better condition than ...
  • The First Digital Memorial Garden in Scotland

    The first digital-led memorial garden is to open in Saline in Fife after Landsales Direct, a Scottish company won planning permission. The garden will feature small plots of ground in which purchasers can place mementoes of loved ones. However the plots will not be marked out with any visible signs and can only be located ...
  • House Price Index Reveals Annual Price Rise

    According to March’s edition of the UK House Price Index UK, house prices rose by an average of 4.1% on an annual basis. Residential sales in Scotland rose by 2.0% to 6239 compared to January in the previous year , however this was 25.4% lower than sales during December 2016. Again in Scotland the average price ...
  • Update on Help to Buy (Scotland) Scheme

    The Scottish Government has recently announced that the price cap on properties eligible for the Help to Buy scheme will remain at £200,000 in 2018/19. The scheme helps eligible householders buy a new build home from a participating builder by contributing up to a maximum 15% equity stake in the property. The aim behind the ...
  • The Bank of Mum and Dad

    The Bank of Mum and Dad apparently is now Britain’s ninth biggest “mortgage lender” putting it on a par with the Yorkshire Building Society. Parents are predicted to lend more than £6.5bn this year to help their children get on the property ladder.  This is a 30% increase on the £5bn loaned in 2016 according ...
  • Government Urged To Remove VAT On Charitable Wills

    Charity Consortium, Remember a Charity, has urged the UK Government to exempt VAT from the cost of writing a Will containing a charitable bequest. The consortium predicts a VAT exemption on charitable wills would double the number of people leaving a gift to charity, generating a further £800m for the voluntary sector. Rob Cope, Remember a Charity ...
  • Keep Your Options Open

    Ross Leatham, Partner in our Commercial Property Department explains what an option agreement is and why the parties involved in a land purchase transaction may want one: An option agreement is an agreement between a landowner and a potential developer of the landowner’s property. Mostly the prospective purchaser will pay an agreed price to the landowner ...
  • A Legal Update for Landlords

    The private rental sector will face significant changes over the next year with the introduction of the new ‘Private Residential Tenancy’ and the ‘Letting Agent’ Regulations but there are a number of other recent legal developments that landlords should be aware of. Creation of the First-tier Tribunal Housing and Property Chamber The Housing and Property Chamber which ...

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