If you are over 55 and own your own home, you could unlock some of the cash value of the property through equity release – and use the money on whatever you want. In this podcast we answer some of the most common questions with Wallace Quinn solicitor John Quinn and specialist advisor Alastair Shields.
If you were incapacitated, who would you trust with your life? Who would you trust with your money? How would you empower them to make decisions that your bank or your doctor would allow? In this podcast we answer common questions about at a legal document called a Power of Attorney with Wallace Quinn solicitors John Quinn and James Reid.
Speak to a solictor about a Power of Attorney
Welcome to our new Wallace Quinn Podcast! In episode one, we’re looking at Wills with Wallace Quinn solicitors John Quinn and James Reid.
You need a Will. Regardless of your age or circumstances. A Will gives you a voice and a say in what happens to your assets after you are gone. A Will provides guidance and help for your loved ones when they need it most. Our solicitors can take your instructions and draft your Will remotely. Put in place peace of mind for £170+VAT for an individual or £220 + VAT for a couple.
SAVE £100+VAT per individual or £150+VAT per couple when you purchase both a Will and Power of Attorney together.
Make a Will Today
Quite simply, you need a Will. Regardless of your age or circumstances. A Will gives you a voice and a say in what happens to your assets after you are gone. A Will provides guidance and help for your loved ones when they most need it.
Our solicitors can take your instructions and draft your Will remotely. A Will is £170+VAT, or £220+VAT for both you and your partner.
Put in place peace of mind.
Contact a Wallace Quinn solicitor by filling in the form below.
Make a Power of Attorney Today
Who would you trust with your life? Who would you trust with your money? Give them the legal power to help you if you can’t by creating a Power of Attorney. It will only ever be used if you are incapacitated or incapable of making decisions.
You hope you’ll never need one, but you’ll be glad you took the time to draft one.
A Power of Attorney is £300+VAT*, or £400+VAT* for you and your partner.
Put in place peace of mind. Contact a Wallace Quinn solicitor by filling in the form below.
Special Offer – SAVE £100+VAT per individual or £150+VAT per couple when you purchase both a Will and Power of Attorney together
* There is an additional cost of £79 per person to register a Power of Attorney with the Office of the Public Guardian (Scotland).
Since the Covid-19 restrictions have been in place, there are number of questions we’re being asked frequently by our clients. We thought it helpful if we started to list our answers online and we’ll update this page as necessary.
Are you still open for business?
Definitely! Wallace Quinn are open for business and we’re taking new instructions to buy and sell property. You can get in touch with us via our website at wallacequinn.co.uk and you can get a real time quote for the legal costs involved in buying new build property at wallacequinn.co.uk/new-build-calculator.
I’ve just bought a new property but want to stay in my existing property until the lockdown is lifted. Can I still do that?
The Government is advising everybody who can put off moving to do so until the current restrictions are lifted. It all depends on individual circumstances. If you’ve bought a new build property you don’t have to move in just because you’ve got the keys. However you may have somebody desperate to get into the property you’ve sold, or you may have handed notice on a rented property. Speak to your landlord or the buyer and see if you can reach an agreement or ask your solicitor for advice and help.
Can I still apply for Scottish Government schemes like Help To Buy?
Yes, if you were eligible for a scheme before the lockdown, you are still eligible now. But recognise that everything is taking a lot longer to process, including the government schemes such as Help to Buy Scotland and the First Home Fund. The Scottish Government has announced that they will be exending the Help To Buy scheme until 2022, which is great news for home buyers and the construction industry.
Will Estate Agents still value property and can I still get a Home Report for a property I want to sell?
Many Estate Agents are looking to undertake digital valuations where you walk them through your house using Facetime or Skype. Surveyors are likely to begin preparing Home Reports in June, but this is still to be agreed.
What is the Land Register and what has happened to it?
The Land Register is the computer system that lists every bit of land in Scotland and who owns it. It is a legal requirement that this is updated as soon as possible after your sale concludes. At the end of March, the Registers of Scotland closed the register to applications because they were sending staff home and there wasn’t a digital solution for the register. Subsequent to this, a digital solution has been implemented and the land register has reopened. .
The Scottish Government has released advice for anybody looking to buy or sell property during the coronavirus crisis. The key message is that the conveyancing market remains open and property sales are possible but complicated by coronavirus.
This is a fast moving, ever changing situation, so while this advice is relevant on publication date (1st April 2020), you should continue to check out www.wallacequinn.co.uk/coronavirus for any changes.
The Government’s advice says builders and estate agents can continue to work with customers to ‘line-up sales for completion in the future’. If you see a property you want to buy, you could still submit an offer and the seller could choose to accept. What you cannot do is visit the property you intend to purchase because ‘property viewing’ isn’t on the list of acceptable reasons to leave your current home during the lockdown and any visit would breach the guidelines on social distancing.
With new-build property, buyers usually make decisions on property yet to be constructed. How that affects the number of reservations on sites will become clear in the coming weeks as we receive new instructions from buyers.
For new transactions, we can take account of the Coronavirus crisis while negotiating the finer details between buyers and sellers. For example, under normal circumstances, most people choose a move-in date ‘as soon as possible’. This is now likely to be ‘as soon as possible after the current lockdown restrictions are lifted’.
For resale properties, Estate Agents are continuing to provide a service. You can read how our Estate Agency partner Keys Estate Agency are operating at the moment on their website.
You might want to use this time to spruce up your property so you can hit the ground running when restrictions are lifted. In our recent newsletter Keys Estate Agency gave some ‘top tips’ on what to consider.
The crisis has hit hardest people who were on the final lap of the conveyancing process and either ready to complete the sale, or ready to move into their home. We’re working with all of our clients in this category to help them get through this complication and we’re tailoring our advice and service to their individual circumstances.
The coronavirus is a vicious, nasty piece of work. We should all continue to follow the Scottish Government guidelines to help keep everybody safe.
When you move into your new home is not as important as ensuring you’re still alive and able to enjoy it for many years to come.