Neighbour Disputes | Trees and Hedges.
Neighbour Disputes can escalate to affect your life and enjoyment of your property, if handled in the wrong way they can cause tension and in some cases argumen..link
Lifetime Mortgage.
Following a consultation undertaken by the financial watchdog lifetime mortgages may be around the corner.
The consideration is for interest only mortgages continuing until death of the mortgagee.
This can be a scary thought but it has a great deal of logic, at the moment lenders can only lend if the borrower has a way of repaying the mortgage, this has proven flawed over the years with self certification mortgages and endowments that underperformed
The problem occurs when the borrower is asked to repay the mortgage, in some cases the term can be extended because the borrower has income that covers this, but on occasions the home owner will have to sell or find other more expensive finance.
In many situations paying the interest rather than repayment of the full debt is an attractive option in retirement, at least having the option is better than not.
Having the choice for a consumer is very important, and in this case the choice is compromised because of regulation.
One of the alternatives available are equity release schemes, the problem with these is that they tend not to have the same interest rates as a mortgage and, because these type of scheme do not require monthly payments, the roll up of interest will erode the equity you have in the property.
The downside with lifetime mortgages is that a borrower with be paying interest for so long, if you extend a mortgage of 200,000 for a period of 25 years at a rate of 4% the amount payable is an extra £200,000.
It’s important that these products are regulated and would require a client to take financial advice, but for many that don’t have a clear repayment means this would be a product that will be welcomed with open arms.
The consultation period closes on the 1 November 2017
related news
Agricultural Law.
link
Aviation Law Solicitors.
This is a highly specialised area of the Law and covers both aircraft and their facilities as well as many other areas detailed here.
link
Charity Law Solicitors.
As a charity it is important to understand your legal obligations and rights, a Charity Law solicitor swill be able to help with this, find Charity Law Solicitors from Solicitors.com
link
Civil Liberties and Human Rights | Solicitors.com
Solicitors.com - if you are looking to take action under the Human Rights Act, understand your rights and how a solicitor can assist you.
link
Construction and Civil Engineering Law | Solicitors.com
link
Consumer Law, Consumer problems.
We have produced a few guides to help you but would recommend that you speak to a solicitor as all situations are different.
link
Education solicitors | Solicitors.com
link
Property Abroad.
If you are looking to buy a property abroad you will need expert legal advice, this section details services provided, and offers guidance on how to find a solicitor for your needs.
linkrecent articles
Flying Freehold
What is a Flying Freehold and should it matter?..
linkProperty Ownership.
Property Ownership - Tenants in Common or Joint Tenancy?
Buying a property with a friend or partner, is one of the most exciting things but, with a house purch..link
Choosing the right mortgage rate.
Fixed Rates and Discounted Rates on a Mortgage - One of the decisions you will make concerning your property, is what type of Mortgage you should choose, short ..link
Government to introduce New Homes Ombudsman
The government announces a New Homes Ombudsman to protect consume..
linkConveyancing | The Contracts.
Whilst most people hate the paperwork side of things it is important to go through the contract with your conveyancing solicitor...link
Property Surveys.
Understand the different Survey options available to you if you are buying a property...link
Energy Performance Certificates
Energy Performance Certificates. Domestic and Commercial properties that are available to buy or rent must have an Energy Performance Certificate (EPC). What a..link
Selling a house, what do I need to declare?
As part of selling a house or flat in England and Wales you must ..
linkUnderstand Conveyancing Quotes
When you look for a conveyancing solicitor to act for you we recommend that you contact a few to compare price, obviously price is not the only factor you look ..link
Flying Freehold
What is a Flying Freehold and should it matter?..link
Guide to Restrictive Covenants.
Restrictive Covenants.
Restrictive Covenants on a property will affect what you can do with your property, and can be applied to private or commercial property..link
Is there anything wrong with this page? - any amendments will receive accreditation - email us link
Solicitors.com are not a firm of solicitors, and any content on the site should not be used in substitute for obtaining Legal advice from a solicitor regulated in the UK, Solicitors.com recommends that you contact a firm of solicitors to discuss your individual legal requirement. Whilst we strive to bring you accurate up to date content, all content on this site is not legal advice and is not guaranteed to be correct. Use of this site does not create a client relationship.
Information by area of law
Conveyancing Solicitors.
Step by step guide to help you understand the process of Conveyancing and moving.
link.jpg)
Criminal Solicitors.
We have put together a few guidance notes for your help with Criminal law matters, if you require a solicitors please use the search facility or ask a question.
link
Commercial law.
If you are looking for a commercial solicitor understand your options by contacting one of the 100s of commercial law firms on solicitors.com
link
Clinical or Medical Negligence Solicitors
If you are considering making a claim for Medical Negligence understand your rights and the process, find a medial compensation solicitor via solicitors.com.
link
Personal Injury Claims.
If you have suffered an injury and are looking to make an accident claim for compensation, understand how a personal injury Solicitors can help make you injury claim for you.
link
Debt Collection Solicitors.
The amount of money owing may dictate the route you take to reclaim your money, we recommend that you discuss your situation with a solicitor, or you can call the CAB on 08454 04 05 06.
link
Dental Negligence Solicitors
To undertake a dental negligence claim you must have sustained an injury or damage, as a result of the dental treatment understand the options available to you.
link
Family Law Solicitors.
Family Law Solicitors can help you resolve the problems which may arise in the break-up of relationships, including financial issues and matters concerning any children.
link
Motoring Offences Solicitors.
Will be able to assist on all areas of Motoring Law for Example Drink Driving, Dangerous Driving, Careless Driving, Totting Up, Speeding, Driving Without Insurance motor offences.
link
Will & Probate
Find a solicitor that can assist with wills, probate and estate planning in your area.
link