For retired property owners’ Equity Release can appear a simple option to obtain a large tax free sum of cash currently tied up in the bricks and mortar of their home. However, as with all major financial decisions, professional advice should be sought to ensure that the chosen scheme is the right one for you.
A new fund is being created to help speed up the delivery of thousands of new homes across England. Housing Secretary James Brokenshire says the government is entering into a partnership with Barclays Bank to provide £1 billion of loan finance to help support small and medium sized developers. Support, ranging between £5 million to £100 million
What is a Lasting Power of Attorney (LPA?) A Lasting Power of Attorney is a legal document enabling you to nominate who you want to make decisions about your finances or health and welfare, in the event you are no longer able to do so. You appoint them as your Attorney.
An employer who told a woman that sexual advances from a Spanish colleague were just cultural differences has been ordered to pay her £24,000 compensation. The woman, who has not been
Tenants and leaseholders can now access official guidance on their rights when renting their home. The online rental guides, published by the Ministry of Housing, Communities and Local Government, are part of a continuing crackdown on poor practice by a minority of landlords and agents in the private rented and leasehold sectors. The Citizens Advice Bureau helped 65,000 private renters with more than 100,000 problems about their tenancy in 2017. …Read More
A woman who felt victimised after being accused by her boss of faking anxiety and depression to get a big pay-out has been awarded £8,000 compensation. The case involved Melanie James who started working for Capital Care Service in 2016 as a credit controller. She signed off work sick in March 2017 and was diagnosed with symptoms of anxiety and depression. As part of her treatment, she began to see …Read More
A new law to protect the interests of vulnerable people in care is expected to be in place early next year. The Mental Capacity (Amendment) Bill will replace the current system known as ‘Deprivation of Liberty Safeguards’ (DoLs). DoLs are assessments currently carried out on people who do not have the mental capacity to make their own decisions about their care, for example because they are living with dementia. It …Read More
More than 120,000 first-time home buyers have saved a total of £284m because of the cuts to stamp duty introduced last November, according to government figures. The first £300,000 of the price of a property is now exempt from tax for people entering the housing market for the first time. It means that the new stamp duty cost for first-time buyers is: • properties up £300k, no stamp duty • properties between …Read More
A wealthy businessman has left millions to the charity Oxfam after inserting a common tragedy clause into his will. Richard Cousins died along with his two sons, his fiancé and her daughter when their plane crashed in Australia on New Year’s Eve. Mr Cousins, who was the chief executive of the Compass Group, had made provision in his will for what should happened if all his immediate family died in …Read More
The quintessentially bucolic Cricket Green is once again the centre stage for the annual Hartley Wintney Pram Race 2018. Bates Solicitors are delighted to once again sponsor this popular village event.