Blog

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. …

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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…

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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…

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FCA Mortgage Market Review – what this will mean for clients wanting a mortgage from 26th April 2014 onwards

  • Author: David Crosby
  • Posted on: 23rd April 2014
  • Posted On: Blog

The Financial Conduct Authority (FCA) will be bringing into force new regulations regarding mortgages from 26th April 2014. The aim of these regulations is to tighten up mortgage affordability checks and as a consequence (perhaps to a degree some unintended) these will take away a significant degree of flexibility for Lenders when assessing a customer’s eligibility for a mortgage. No one wishes to go back to the time when mortgages were being given to literally anyone who asked for one and irrespective of their actual ability to repay that loan, but equally with property buying and…

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Crosby & Woods Property Advice Newsletter April 2014 - Beware of Ghost Gazumping!

  • Author: David Crosby
  • Posted on: 23rd April 2014
  • Posted On: Blog

With the property market resurgent, gazumping is unfortunately making a comeback.   Demand for housing far outweighs supply and there is a chronic shortage of homes available to buy.  The two factors that have combined to produce the new, aggressive tendency are a Bank of England that is determined to hold down interest rates and to keep on holding; and a lack of new housing stock. 

What's alarming is that stunts are being pulled that did not occur even in the property bubbles…

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Basic Tips in Commercial Leasehold Transactions

  • Author: David Crosby
  • Posted on: 8th April 2014
  • Posted On: Blog

The first step once commercial lease terms have been thrashed around is to record the outline agreement in a subject to contract document called “heads of Terms”.  This can be prepared by the seller’s agent, anticipating that satisfactory references have been or will be obtained by the parties themselves in the absence of any agent.

It is wise to have the Heads of Terms signed by both parties.  

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Cohabitation on the Rise

  • Author: David Crosby
  • Posted on: 8th April 2014
  • Posted On: Blog

It is not surprising given the shift in public opinion that cohabitation is on the rise however, recent statistics show that cohabitation has risen significantly in the over 40’s age bracket within the last 10 years.  Although not applicable to everyone it is likely that those in their forties will have some assets and this presents potential financial difficulties that those cohabiting may not be aware of.

Here a Crosby & Woods we urge you to think carefully about your rights while cohabiting. Whether you wish to protect your…

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CROSBY & WOODS Solicitors and the Law Society's Residential Conveyancing CQS Quality Mark

  • Author: David Crosby
  • Posted on: 31st March 2014
  • Posted On: Blog

Crosby & Woods Solicitors in Brighton & Hove are delighted to announce they have successfully been reaccredited as a Law Society Conveyancing Quality Scheme (“CQS”) approved Firm – this is legal profession’s recognised mark of excellence for the home buying and selling process.

As a firm we underwent rigorous assessment by the Law Society in order to not only secure but thereafter maintain our CQS status – status that marks the firm out as meeting only the highest standards in the residential conveyancing process.

David Crosby, Partner says…

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I’M GETTING MARRIED IN THE MORNING, SO GET ME TO THE CHURCH ON TIME...finally a song that can be sung by all!

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

From 29th March 2014 same sex couples will begin to have the same entitlement to be married as a heterosexual couple. Although gay couples have been able to enter into a Civil Partnership since 2004 this change will now provide complete equality for all couples. Prior to this change some couples had decided to marry abroad in a country which already recognised same sex marriages. Thankfully those marriages will now be recognised in England and Wales.

Here at Crosby & Woods we welcome and embrace this long awaited equality achieving change as…

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Chancel Repair Liability – Should you still be worried about it?

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

“There are probably only two examples of ordinary people having to shell out for the repair of a chancel in the past 100 years”...."In my opinion registering the liability should be really rare but there will be some circumstances when it probably will be reasonable”

Reverend Greg Yerbury

 A chancel is the part of a church containing the alter, sanctuary,…

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