Q: My daughter has come back home after recently splitting with her boyfriend. They were saving for a house but on her own she does not have quite enough for a deposit and is unlikely to get a big enough mortgage based on her salary. I am in a position to buy a house for her, but I need a return on my money. Although I could just charge her rent I would prefer the house to be in her name. I am however conscious that I would need to protect my interest in the property as her circumstances could change in the future. Would formally setting up a private mortgage provide this protection?
Q: Now they have stopped legal aid for divorce cases, is there any reason why my estranged husband and I can't represent ourselves in court without using Solicitors? Our separation is quite amicable.
Over 500 lawyers attended a mass rally at parliament today to protest over criminal legal aid reforms which ‘strike a dagger through the British justice...
Some members of limited liability partnership (LLP) firms could face higher tax and national insurance deductions under government proposals for tackling ‘disguised employment’ published this...
Title to less than three quarters of land in England and Wales is currently registered at the Land Registry. This is because until the 1900’s there was no compulsory requirement to register, and at that time, registration was only compulsory when land was sold or mortgaged. More recently, the requirement to register has been triggered on completion of certain leases, the transfer of property by gift or on death and on changes of trusteeship where property is the subject of a trust.
Now, however, the Government is encouraging more and more people to make voluntary applications to register their titles. The Land Registry is currently offering a discount of approximately 25% on the fees which would otherwise be payable on first registration.
Whilst an unregistered title remains perfectly acceptable where none of the compulsory triggers apply, there are advantages in having your title registered:
1. The Land Registry fee for voluntary registration is less than payable for compulsory registration.
2. Once the title has been perfected by registration, then loss or destruction of the pre-registration deeds will not affect the adequacy of your title.
3. The title to your property is guaranteed by the state.
4. On a subsequent sale, the process is quicker and simpler.
5. Registered titles are better protected against squatters than unregistered titles.
Whilst there is a cost in registering a property with the Land Registry, the fee is less for voluntary registration. Finding out whether a property has been registered is, of itself, a relatively easy process. However, undertaking an application for first registration is a process which many often prefer a solicitor to attend to on their behalf.