Source of Funds checks – why are they necessary?
As you progress through the process of buying a property, you should be aware that conveyancing solicitors are under a strict obligation to verify the source of the funds you use for the transaction. There are laws which dictate that the acting solicitor must verify...
Falmouth Office: We have Moved!
Nalders, one of Cornwall’s oldest businesses, which has been offering legal services to individuals and businesses for more than 235 years has now moved from its Arwenack Street office to new offices at Bickland House, Bickland Water Road, Falmouth. The firm had been...
Residential landlords take note: abolition of s21 of the Housing Act 1988
In 1989, the private sector housing market was altered by the introduction of the Assured Shorthold Tenancy (“the AST”). Since 1997, the AST has been the default agreement between residential landlords and tenants. The significance of an AST is that it can be...
Possible Reform of Leasehold System in England and Wales
The Housing, Communities and Local Government Committee of the House of Commons has concluded an inquiry into the unfair practices of the leasehold market. The result is a lengthy report addressing the issues leaseholders face, considering the potential need for...