Transferring ownership of a house with mortgage in UK

Shareholder agreement in Manchester, UK by BlackstoneSolicitorsLtd? Some individuals review their Wills regularly ensuring that they amend them to take account of a change in family or personal circumstances. However, those that don’t may find that on their death their Wills may not reflect their own last wishes or the expectations of those they have left behind. There are a number of reasons one might wish to make a Deed of Variation, for example, to make provision for someone who was excluded from the Will, to take account of differences in the financial position of beneficiaries, or to simply pass assets on to the next generation. There may well be other financial reasons to consider. At Blackstone, we can help to ensure a Deed of Variation achieves the outcome you are looking for. It is imperative that you seek expert legal help as once a variation has been made it cannot be undone.

The company’s constitutional documents, the articles of association, will help to some extent, but are unlikely to offer a shareholder full protection. A well drafted and thought through shareholders’ agreement can regulate your relationship in order to protect you and provide assurance to you all that various scenarios have been considered and catered for. Often one partner feels that they have put many more hours in than the other and if you have a shareholders’ agreement, this can usually be easily resolved. It is hoped that even if you do have a shareholders’ agreement drawn up, you won’t need to rely on it but if you haven’t put one in place it would be a shame to be in the position of wishing that you had! It is much easier to agree the terms of the shareholders’ agreement before you start making money than afterwards, as naturally people become more protective and in turn difficult about the terns of the relationship Protect the business and protect your investment in the business.

We are dogged in our determination to make sure all parties involved do what they should be doing, when they should be doing it, giving you the peace of mind to focus on the other important matters you are dealing with. Transferring the ownership of a home that has a mortgage, such as when gifting to the next generation, or giving someone shared ownership of a property with a mortgage can be tricky. While it is entirely possible to do so, there are a variety of factors to take into consideration. To find out more about how to transfer the ownership of a property with a mortgage, contact our residential property solicitors today for a free, no obligation initial discussion on 0161 929 0121. Or alternatively fill in our online enquiry form or email us on info@blackstonesolicitorsltd.co.uk and a member of our team will contact you.

A fast-growing law firm based in south Manchester, we are renowned for going the extra mile to get the right results for our clients. Specialising in commercial litigation and property law for both commercial and residential clients, we believe strong communication is essential. This is why our passion for the work we do is matched by our commitment to keeping our clients up to date every step of the way. Emma Nawaz of Blackstone Solicitors Limited has a wealth of legal experience specialising in the fields of commercial and property litigation. Emma represents local, national and international clients, many of whom have been clients since the beginning of her career. Emma is known as a tenacious and pragmatic lawyer. Find extra details on https://blackstonesolicitorsltd.co.uk/residential-property/remortgage-legal-advice/.

General litigation disputes can come in many forms. The team at Blackstone is able to help in any such instance, drawing upon our wealth of experience in these areas to provide the guidance you require. Litigation disputes can include: Professional negligence, Debt recovery, Partnership disputes, Contract claims, Contentious probate claims, Nuisance claims. However, it is important to note that any situation where you are in dispute with another party can give rise to litigation. This is why seeking legal help to ensure you approach disputes in the correct way is so essential – you need to give yourself the best chance of sorting out the matter as quickly and effectively as possible.

If a Landlord wishes to end a fixed-term commercial lease early due to a Tenant breaching the lease, then they may be able to do so if there is a forfeiture clause in the lease. The procedure for forfeiture will depend on how the Tenant has breached the lease. For example, if the Tenant has not paid rent, then there is generally no need for the Landlord to serve notice on the Tenant. If the breach is of a different nature, then the landlord will have to serve a section 146 notice. Ending a commercial lease on or after the expiration of its term depends on the security of tenure. Security of tenure is the right for the Tenant to occupy business property after the lease comes to an end. Read additional info at https://blackstonesolicitorsltd.co.uk/.