More first-time buyers rely on the “Bank of Mum & Dad”
A report by the Social Mobility Commission has shown a rise in the number of children who rely on their parents for help to buy their first home. Parental lending of this nature is generally known as the Bank of Mum & Dad! The research also shows that young...
LBTT Returns for commercial leases
The Land & Buildings Transaction Tax (“LBTT”) commenced on 1st April 2015. Commercial leases created on or after that date and subject to Land & Building Transaction Tax need to submit an LBTT Return every three years. This is usually every third...
Find property information without consulting a solicitor
If you’re looking for property information, you no longer need to consult a lawyer. Now, that might sound a little bit strange coming from a firm of solicitors. However, we believe this information should be available to everyone! The Registers of Scotland has...
Who would you trust to make your Will?
Making a Will is a very personal experience. You will make decisions on what should happen with all of your assets and possessions after you’ve gone. It can be difficult to decide who has what and when they have it. “Modern” families mean that there can be tensions...
Average property price increases by 2.8% in May 2019
The latest House Price Index for Scotland has just been published by the Registers of Scotland. The report covers the average price of properties for May 2019 and the volume of sales for March 2019. These are the latest dates for which these statistics are available....
Setting up a Guardianship
Many clients have asked us to explain how a guardianship is set up, so we thought we’d explain the procedure. It’s very important to seek legal advice before making an application for a guardianship order. If you do this, you’ll make sure the appointment is...
What do you do about the shares in a company when someone dies?
Dealing with the winding up of the estate of someone who has died is usually upsetting and can be stressful. Whoever has been appointed the executor has to deal with all of the financial matters required to gather in any money due to the estate and pay out any debts...
New Help to Buy scheme announced
The Scottish Government has just announced a new Help to Buy scheme to be released shortly. Whilst full details are not yet available, we understand that loans of up to £25,000 will be made available to anyone with a 5% deposit with no repayment until the house is...
Latest HPI Report from the Registers of Scotland
The latest House Price Index Report has just been published by the Registers of Scotland. This edition contained the average price statistics for February 2019 and volume of sales statistics for December 2018. There isn’t a lot of joy in the figures this time around....
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