Article Category: Property – Insight & Opinion

Thinking of Raising Funds by Refinancing Your Property?

refinancing commercial property

Over the last few months, there has been a significant increase in the number of new instructions received whereby we are being asked to act for clients who are raising funds by refinancing and securing loans against existing properties that they own. This increased demand to raise monies may be caused by any number of… Read more »

Changes to the Statutory Lease Extension Process for Residential Flats

Signing of a lease extension agreement

On the 7th January 2021, the Housing Secretary, Robert Jenrick, announced that under proposed Government reforms, leaseholders (tenants) will be given the right to extend their lease by a maximum term of 990 years at zero ground rent. These proposals come off the back of a Law Commission report in July 2020, which set out… Read more »

Lockdown and Permissive Access for Landowners

Permissive access for landowners

In the past, landowners could use public rights of way to provide ‘permissive access’ over the land for the benefit of local residents to use for walking, cycling or horse riding, for example. This was so that it came within Countryside Stewardship Schemes run by Defra and managed by Natural England. Permissive access provided landowners… Read more »

How RPI Reforms Could Affect Commercial Property

tablet showing graph of RPI

Retail Price Index (RPI) is the oldest measure of inflation in the UK and is used widely across the economy and in financial contracts. However, the means by which it is calculated no longer meets current international statistic standards. This has meant that RPI has not been classed as an official statistic since 2013 because… Read more »

COVID-19 and Its Impact on the Commercial Property Market

The COVID-19 pandemic has had an enormous impact on most businesses. As for the property sector, the stamp duty holiday appears to have played a part in strengthening the residential property market, which has encouraged many developers to continue to locate strategic sites. Entrepreneurs are closely monitoring distressed assets and, with budgets stretched, investors and… Read more »

Execution of Deeds with Electronic Signatures

As COVID-19 continues to impact the ability for individuals and businesses to work and sign documents, the Land Registry has introduced further changes to allow conveyancing Deeds to be executed using electronic signatures rather than in person. In order to register a “disposition” at the Land Registry, you are required to submit a copy of… Read more »

Will We See Changes to Farming as We Know It in 2021?

Farmhouse in the countryside

All sectors have been impacted by COVID-19 in one way or another, not least the farming industry. This comes at a time where there is already much reform and changes to farming occurring, including the Basic Payment Scheme (BPS), a system of rural grants and payments that provide help to the farming industry. What Changes… Read more »

Selling the Flat above a Commercial Unit

Selling a flat above a commercial unit

If you are the owner of a flat above a commercial unit, you may be wondering if you could sell the flat to unlock some extra cash. Marina Banks, Commercial Property Solicitor, explains what this process involves and the key points you need to consider. When you own both the commercial unit and residential unit… Read more »

Summarising the New Permitted Development Rights

property in a trust

Many economists and politicians are predicting the end of office working and high street retail following the dramatic shift to home working and online shopping this year. Fewer shops and offices may be required in the future as these changes herald permanent shifts in behaviour. New uses will need to be found for some of… Read more »