Blog

Keeping Ahead with Your Mortgage

  • Author: David Crosby
  • Posted on: 13th November 2014
  • Posted On: Blog

This article about how to predict mortgage price rises is another strong indicator that the era of low interest rates will still be with us well into 2015 and potentially into 2016 too. For those who can remember back to the days of 5-10% rates being the accepted ‘norm’ will know therefore that there has never been a better time to invest in property, either for the first time or to move up the ladder.

It is of course vital to properly and honestly assess your ability to pay, not just at the present low rates, but also perhaps… Read more

A Spending Boom Ahead or Will Caution Prevail?

  • Author: David Crosby
  • Posted on: 11th November 2014
  • Posted On: Blog

With 6 months to go until those over the age of 55 will have the freedom to take all their savings out of their pension fund, perhaps now is the time to seek specialist financial advice in terms of planning for your future. People of pensionable age form a large, and in many cases a very influential and wealthy, community. As a result the sudden freedom to access a large lump sum of money, rather than be restricted to monthly pension payments, will no doubt have some interesting consequences in terms of how this money will be spent… Read more

Wills in Aid of The Stroke Association

  • Author: David Crosby
  • Posted on: 10th November 2014
  • Posted On: Blog

Crosby & Woods are proud to announce that we have teamed up with The Stroke Association to offer the opportunity to have a simple will professionally drawn up in the hope that our clients will then make a voluntary donation to The Stroke Association. All donations will be to help support their life saving research and also the vital post stroke rehabilitation services and support they provide to stroke victims and their families.

The Stroke Association is the only UK-wide charity solely dedicated to the fight against this hugely debilitating illness. Every year there are approximately 152,000… Read more

Who has it harder in the property market?

  • Author: David Crosby
  • Posted on: 6th November 2014
  • Posted On: Blog

This article in the Telegraph, which looks at whether first-time buyers or second-steppers have it harder, will certain divide opinion between those who want to get on the property ladder for the first time and those who are already on it. Our assessment at Crosby & Woods is that neither group has it easy for differing reasons but on balance once on the ladder, and assuming you take a long term view on growth and price increases, then it is the first time buyer who probably faces the greatest obstacles. 

However, if you look at the figures, with the… Read more

Free Ipads From Mortgage Lenders

  • Author: David Crosby
  • Posted on: 4th November 2014
  • Posted On: Blog

“This article from the BBC which reports that mortgage lenders are offering iPads to customers shows the mortgage market remains very competitive and also that it is important to look beyond the flashy ‘freebie’ and make sure the product being offered actually really is the best one for you.

“At Crosby & Woods we continue to see a local property market that is very buoyant and where sellers and buyers are both recognising the need to act decisively and to work constructively to get sales and purchases completed with the least amount of stress. One of the main causes of delay in…

Read more

August Private Client update: Inheritance Tax - how much will you pay?

  • Author: David Crosby
  • Posted on: 11th August 2014
  • Posted On: Blog

Many of you may have seen today’s article in the news which outlines the review being undertaken by HM Revenue & Customs into schemes that have been set up to avoid the payment of inheritance tax upon death.

HMRC are considering demanding ‘accelerated payment’ where savers are using certain inheritance tax avoidance schemes.  

 

The measures are currently at the consultation stage and are a response to concern that more and more people are using trusts…

Read more

Crosby & Woods Solicitors support the Robert Eaton Memorial Fund Charity Golf Day

  • Author: David Crosby
  • Posted on: 20th June 2014
  • Posted On: Blog

Crosby & Woods Solicitors are very proud to have been asked to help sponsor this fantastic Charity’s golf day at Mid-Sussex Golf Club on Friday 20th June 2014.

The Robert Eaton Memorial Fund (R.E.M.F.) is a Charity that was set up in memory of the late Robert Eaton, a lifelong Brighton & Hove Albion supporter, who tragically lost his life in the terrorist attacks on the World Trade Centre in New York on 11th September 2001.  The charity has supported youngsters in…

Read more

Flats and houses – Extend your lease or become your own landlord!

  • Author: David Crosby
  • Posted on: 14th May 2014
  • Posted On: Blog

Pursuant to the provisions of the Leasehold Reform Act 1967, the Landlord and Tenant Act 1987, the Leasehold Reform Housing and Urban Development Act 1993 and the Commonhold and Leasehold Reform Act 2002, long leaseholders of flats can extend their lease, acquire the freehold of their block of flats or take over the management of their building.

As  the  lease  of  your  flat  becomes  shorter  it  becomes  less  valuable. Prospective purchasers may be put off because the lease is too short and/or because they cannot get a mortgage of such a short lease. …

Read more

Crosby & Woods awarded Law Society’s Wills & Inheritance Quality Kitemark

  • Author: David Crosby
  • Posted on: 30th April 2014
  • Posted On: Blog

Crosby & Woods are very proud to announce that they have been accredited by the Law Society’s Wills & Inheritance Quality Scheme (WIQS). There are only a handful of firms in the region who have been given this sort after accreditation.

Greg Woods, the head of the Private Client department at the firm is warning consumers that when it comes to employing a Will writer they need to distinguish between advisors that are unregulated, uninsured and untrained.

Greg said, “Your Will is one of the most important financial and personal…

Read more

Don’t lose confidence over the chance of getting a mortgage – Just watch what you spend your money on!

  • Author: David Crosby
  • Posted on: 28th April 2014
  • Posted On: Blog

The new mortgage application system, which comes into force fully on 26 April, ensures that lenders conduct a full affordability check on mortgage applicants.  This will have practical implications for the amount that people can borrow and the length of time that an application might take and is mainly due to the fact that under the new rules, it will be the lenders, not the borrowers, who are checked by the regulator to ensure affordability checks for mortgage repayments are being carried out properly.

The aim is to prevent any return of the pre-crisis…

Read more