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HS2 Homeowner Payment Scheme

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The Homeowner Payment Scheme is for eligible property owners living near the planned HS2 route in rural areas. Those who are eligible will receive £7,500, £15,000 or £22,500 depending upon the distance from the HS2 route. If you have received an in-principle acceptance from the Government that you are eligible for payment under the discretionary scheme, then you will require a Solicitor to act on your behalf before you can receive any payment.

Have you received notice that the planned HS2 line will impact upon your property and that you are entitled to a payment under the HS2 Homeowner Payment Scheme? ? If so, we can assist you with the formalities to ensure that your payment is received as soon as possible and in most cases we will limit our fees to that which you are entitled to recover from the Government.

For further details, please call 0121 270 2700 and ask to speak with a member of the Litigation Department.

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Higher rates of Stamp Duty on purchases of additional residential properties from 1 April 2016

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From 1 April 2016, there will be higher rates of Stamp Duty Land Tax (SDLT) payable on purchases of additional residential properties. This means that if you are purchasing a holiday home by the coast, a second home or you are Landlord snapping up ‘Buy to Let’ properties, from 1 April 2016 you will have to pay a higher rate of Stamp Duty at 3% above the current SDLT rates. To put this into perspective, a purchase at £150,000 completed prior to 1 April 2016 will attract Stamp Duty of £500 but a purchase at £150,000 completed post 1 April 2016, will see Stamp Duty payable at £5,000. Remember though, the higher rates of Stamp Duty are only applicable if you a buying a property in addition to your main residence, so if you are just replacing your main home (which is being sold), the higher rates will not apply to you. If the property you are purchasing is intended to replace your main residence but it has not yet been sold, the transaction will be subject to the higher Stamp Duty rates but a refund is available to you if you sell your previous main residence within 18 months. Whatever your situation, Pearcelegal can advise you appropriately and assist you with your purchase and Stamp Duty formalities in a friendly, timely and professional manner.

 

 

 

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Pearcelegal will write your will for a donation to charity

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graphic for Good Solicitor Campaign from Will Aid

 

 

 

 

 

 

 

 

 

 

Having your Will written professionally can give you great peace of mind. This November (2015) get your will written by Pearcelegal for free! Instead of paying your solicitor’s fee, you will be invited to make a donation to charity.

Will Aid has already raised £1.7m. Donating to Will Aid supports nine charities, including British Red Cross, NSPCC and Age UK.

But why do I need a will you ask? Quite simply, if you do not have a Will you cannot be sure that your loved ones are provided for after your death. You may also leave them the stress of coping with legal complications.

Can’t I just make one myself? Although it is possible to write a Will by yourself, it is highly advisable to use a solicitor to make sure that your Will is valid and that it properly reflects your wishes.

This is a great opportunity to get something sorted that you know you ought to do, whilst also supporting a number of very worthwhile charities.

Give us a ring on 0121 270 2700 and ask for the Wills, Trusts and probate team, quoting Will Aid.

We look forward to supporting you this November.

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Pearcelegal toast a succesful 2014

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The Christmas break is a time of reflection, where we look back at the year gone by and look forward to the year ahead.

For businesses as well as individuals this is the case and at Pearcelegal we shall remember 2014 with great pride.

It has been a very successful year for us where we have expanded both in numbers of staff and in physical space – having acquired properties next to us in the Square, here in Solihull, to cope with our additional workload.

It has been a challenging time for all of us associated with Pearcelegal, as we moved into a phase of unprecedented growth, not seen in all the years since the practice was born at the start of the 1980s.

To add to this new profile we decided to join many of our clients in embracing cyberspace, by engaging in social media and blogging, whilst also investing in a new website.

As all businesses know we have to embrace change and we hope our regular interactions with you has helped to continue to cement the strong bond Pearcelegal has developed with the community since it was born in 1981.

We have been fortunate to acquire some excellent legal talent during this year of growth and that is why we are so optimistic about 2015.

In short, whilst welcoming the break that Christmas gives us we are looking forward to the New Year with anticipation of the challenges ahead and continuing to grow the firm.

A big part of the reason we’ve had this opportunity to develop so much is also down to an excellent and loyal client base.

We are here to serve our clients and the people of Solihull generally and without them we wouldn’t be where we are today.

We at Pearcelegal thank all our clients and friends and wish you all a happy and peaceful festive season.

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