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Showing posts from January, 2022

Can an Investor Get a UK Residency by Buying a Property in London?

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If you’re an investor researching how to get a British residency, you may be wondering if you can secure a visa through buying property. Many countries around the world offer such schemes, which fast-track you to a visa or passport if you buy a home. Spain, Portugal and Ireland are just a few of these nations. The UK used to provide this option, but unfortunately the legal situation has changed. However, living in the UK – particularly London – still offers a multitude of benefits for foreign investors. London is the business centre of the world, and the UK offers internationally-renowned education, unbeatable healthcare and a favourable tax regime. As a result, there are still many reasons to buy a property in London . Most importantly, buying a home in the UK can still be a crucial step towards residency. Here, we outline the legal situation for foreign investors hoping to get a visa. In addition, we look at the role property investment can play in the process. Can Buying a Property

Is There a Way to Settle Probate Without Selling the Property?

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In most probate cases, there is a property involved.  Not every estate has to go through the probate process.  If it is of low value or the entire estate is left to the deceased’s spouse or legal partner, and there is a will, probate is not necessary. But if the estate, including any property, is of a value above £10,000, the estate will have to go through the probate process, but is selling the property without probate a feasible option? What is a probate property? A probate property is a property that was owned by a deceased person and therefore becomes part of their estate.  The executors and/or beneficiaries of the estate are not officially allowed to sell the property until the probate process has completed and they have been given a Grant of Probate.   However, there is an exception to this rule.  If the spouse of a deceased partner inherits the property and it is in their joint names on the Title Deeds, they are entitled to sell it before they have received a Grant of Probate. 

How to find bankruptcy properties for sale in Norwich?

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Bankruptcy properties for sale in Norwich are those that have been taken back from the owner due to an unpaid debt, i.e. a mortgage. If you have a mortgage or loan secured against the property and repayments aren’t maintained, the lender can apply to the courts to repossess the property. These types of property are often sold below market value in an attempt to secure a quick sale. All the time the lender has possession of the property, it is costing them money. Buyers could save as much as 30% off the market value, depending on the property’s condition. All styles of property can become available at bankruptcy properties for sale, from older properties that require some modernisation to new and modern properties. In recent years, it’s become quite normal that repossessed properties are sold at auction. This has the advantage that not only can the lender often realise a higher price than the guaranteed minimum pre-determined price, but the sale must also be completed within 20 working

How to find a list with probate properties for sale in Norwich, United Kingdom?

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When someone sadly dies and they don’t leave a will, any property they owned becomes part of the estate and has to go through a process called probate. Once this process is completed, the property becomes available on the market. Probate properties for sale aren’t always on the open market, but there are online companies and local estate agents that handle probate properties for sale . What is a probate property? Probate is the legal term for the process any deceased person’s estate has to go through, particularly if there wasn’t a will left that details what to do with that person’s estate. When legal representatives talk about probate property, they are usually referring to the deceased person’s entire estate, not just the physical bricks and mortar that might have been owned by the deceased. When it comes to selling a probate property, in most cases a Grant of Probate needs to be held by those handling the deceased’s estate, be it the widow/widower or the will’s executor, as this gi