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Commercial Property

Bringing Commercial Property Expertise to Oldham

Ben Tatters
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A new commercial property solicitor has joined the team at Pearson Solicitors and Financial Advisers - Ben Tatters who has 18 years’ experience is joining the well-established commercial team at the Oldham firm. He has a wealth of knowledge dealing...

Property Lawyers Boost Mayor's Appeal

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For every commercial business that is bought or sold within the OL postcode the Pearson commercial conveyancing team are donating £5 to help Oldham Mayor Cllr Javid Iqbal realise his charity target. After meeting with the Mayor recently the Pearson...

Developers: Changes to the Leasehold Market are Imminent. What Do You Need To Think About?

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In 2017, the Government consulted on the operation of the leasehold system in the UK. Reforms are now imminent. Developers should be aware that this issue is on Parliament’s action list: new legislation to ban leaseholds is coming “as soon as...

Landlords - are you prepared for the new EPC regime?

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The rules on Energy Performance Certificates (EPC) are about to change. Landlords only have until April 2018 to prepare for a tightening of the rules. Failure to do so could mean they will not be able to rent out their properties. What is an EPC? Whenever...

International Women's Day - doing something positive to promote equality in the workplace

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It’s 100 years since some women first got the vote and 48 years since the Equal Pay Act came into force.  Nevertheless, many women in the workplace are still discriminated against in the workplace. It’s estimated that it will be a long time...

A New Land Transaction Tax For Wales (Instead Of Stamp Duty Land Tax)

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A new Land Transaction Tax (LTT) will replace Stamp Duty Land Tax (SDLT) in Wales from 1 April 2018. The changes will make the rate of tax on Welsh properties cheaper at the lower end of the market, but more expensive at the higher end. The changes are set...

New Countryside Small Grants Scheme for Agricultural Equipment

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The Government has set aside £60 million of grants for small businesses in the farming industry to help them improve productivity. The grants scheme enables farmers to bid for cash to help them buy new farm equipment. Farming Minister George...

Commercial Property VAT and Option to Tax

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Our Commercial Property Lawyers act for clients in a wide variety of business acquisitions and it is important that your VAT position has been considered before embarking on your new purchase. Whilst we are not tax advisers or accountants, we are able to...

10 New Year's Resolutions for Directors and Business Owners

Christopher Burke
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Most people are back at work after the Christmas break and many have returned with a clutch of new year’s resolutions. Popular choices include healthy eating, getting fitter or spending more time with your family. Or maybe you’ve focused on work...

Tips on Selling or Buying Commercial Property by Auction

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Those involved in the property industry know its cyclical nature only too well - and those with an interest in making a property investment are right to keep a keen eye on the real estate market.  One thing we've noticed...

Government Consultation to Stop Leaseholds Being a Property Trap

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There was a furore over the summer about developers making unfair charges on leasehold properties. The government is currently consulting on how to stop these practices. With the consultation due to end on 19 September, you only have days to give your views....

Top tips to Improve Your Business Over Summer

Christopher Burke
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Summer's here - and we have some top tips for you to consider if your business is quiet over the holiday period. If your business is quieter over the summer months, use the time to review your business procedures and do some housekeeping....

Further expansion of our property team

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The property market in the North is, largely, holding its own and enjoying a brighter outlook than most other regions in the UK - despite the impending Brexit and economic uncertainty. This has been reflected in our results this year: Pearson's property...

Zip wire success to raise funds for Oldham Mayor's fund

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Those of you who follow us on Twitter or read this blog will know that five of the Pearson team (Ian Wolstenhulme, Rosie Aldcroft, Marie Pauley and Jade Hegarty), set out to raise £1,000 by doing the Snowdon Zip Wire at Zip World in Bethesda on 14...

London database to name and shame criminal landlords

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The Mayor of London, Sadiq Khan, has announced a new partnership with London councils in an attempt to crackdown on rogue landlords and letting agents in London. Together with local boroughs, the Mayor intends to create a new online database on which...

Commercial Space on Offer in Oldham

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Our commercial team recently dealt with a property transaction for Linda Lewis Kitchens and helped then expand their offering by moving into amazing new premises. There is however some spare capacity at the units at Belgrave Industrial Estate, Honeywell...

The alternative route to becoming a lawyer

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 ... and why it helps to have a supportive employer! This week we profile Sarah Major, a key member of our residential property team who specialises in conveyancing. When the recession hit the UK in 2007 and 2008, I was working for a national house...

Pearson's on-going support for Action Oldham

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Our support for Action Oldham is on a bit of a roll at the moment. As I write, we are just a few pounds away from reaching our £1000 target in our #zipwire challenge. Karen Piontek, Ian Wolstenhulme, Jade Hegarty, Rosie Aldcroft and Marie Pauley are...

Solicitors and Staff Scale Snowdon for Charity

Ian Wolstenhulme
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Our support for Action Oldham is on a bit of a roll at the moment and about to hit its highest peak as we set off to Snowdon. Thanks to the generosity of clients and friends of the firm we have recently reached our £1000 target in our #zipwire...

Do your homework before signing up to a commercial lease

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Finding the perfect premises for your business, is both exciting and a relief. Your business plans are starting to take shape and whether you are expanding or reducing your overheads, it is good to know that your business will soon be trading from a better...

Landlords - don't withhold a deposit without good reason

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Be specific about why you are withholding a deposit from a departing tenant. When a tenant departs and leaves their accommodation in a mess, landlords are entitled to retain an appropriate part – or all – of the tenant's deposit to cover the...

Can you help us raise £1000 in 3 weeks for Action Oldham?

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In a moment of Twitter madness, I agreed to join Ian Wolstenhulme, Rosie Aldcroft and Jade Hegarty on the zipwire at Zip World on 14 May. And not just any zipwire – it’s only the fastest and second longest! I have to admit my heart sank a little...

Buy-to-let is still appealing

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... but don't forget the tax relief changes Judging by the popularity of our "buy-to-let" seminar for potential buy-to-let landlords in March, it is clear that landlords around Oldham and North Manchester still have a healthy interest in...

Business rates revaluation effective from 1 April

Keith Kennedy
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The next business rates revaluation will take effect from 1 April 2017. In the press release issued on 17 February 2017, the Government confirmed that: "The revaluation will make the system more accurate by ensuring business rates bills reflect the...

Tax relief changes for buy-to-let landlords

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From 6 April 2017, the government will start to restrict basic rate, income tax relief for landlords' finance costs on residential properties. Latest research by YouGov*, after surveying 925 mortgaged buy-to-let landlords in December and January,...

What is an EPC? (a must read for landlords!)

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And why landlords should check their properties’ energy ratings as soon as possible ... Stricter rules about Energy Performance Certificates (EPC) are coming into force in April 2018: landlords should prepare accordingly or risk being banned from...

Recent House Price Index report brings good news for homeowners

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The Halifax recently released its House Price Index report for February 2017 and I’m pleased to say there’s good news for the housing market! Here are the highlights: 0.1% monthly increase in house prices Prices in the three months to...

Tackling the housing crisis: starter homes and garden villages

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The government has launched new schemes aimed at tackling the current housing crisis. Read on for some highlights. Starter homes - good news for first-time buyers Earlier this month, the government announced funding for new housing on brownfield...

Conveyancing Blog: some tips (and a little bit of help) for first-time buyers

Victoria Marshall
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I have much sympathy with first-time buyers: most will have spent years saving for a deposit and hours deliberating on whether to take this huge step into home ownership. I can well remember getting my first mortgage offer: I was excited about being able to...

The Autumn Statement, November 2016 (commercial property perspective)

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On 23 November, Philip Hammond, the Chancellor of the Exchequer, gave his first Autumn Statement . It will also be his last: he announced that next year, the budget will take place in Autumn with only a statement issued in Spring. So what did he have to...

Commercial property update: fracking, flooding and interest rates

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There’s mixed news for the property market in our latest round-up of recent property news Interest rates proving to be good news for property purchasers despite the Brexit effect While the low value of the pound might encourage foreign investors to...

HS2 route announced

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The proposed High Speed rail link (HS2) has hit the headlines again after the government announced its preferred route on 15 November and started consulting on some of its plans. Yesterday's announcement relates to Phase 2b which proceeds from Crewe to...

INSIGHT: Being savvy when buying a commercial property

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Are you thinking of buying a property to house your business? Read our checklist below to find out how to take a savvy approach to searching for and buying the best premises for your business needs. What to look for searching for suitable...

INSIGHT: Commercial Property Market Performing Well In North West

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A recent survey of commercial property has indicated a rise in activity in the first half of 2016 in comparison to last year, and whilst the North West did not perform well at the start of the year in Q2 it has outperformed other areas, making it the third...

Exam Success Brings More Experience to Commercial team

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Pearson’s Property Assistant, Alison Brown, has successfully completed year 2 of her exams in the Council for Licenced Conveyancing Course and hopes to soon be a fully qualified Licenced Conveyancer.  Already she has 10 years experience in the...

Shortlisted for the "Best Small Conveyancing Firm" of the year

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We can report good news for our conveyancing team this week:  they’ve been shortlisted for the " Best Small Conveyancing Firm " of the year in the LFS Conveyancing Awards . The team had to submit a lengthy...

A checklist: what can businesses do to prepare for a Brexit?

Christopher Burke
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What can you do to prepare for a Brexit? Keep tuned in to what the government is doing to leave the EU – and what effect their decisions might have. Talk to your staff – particularly if they are non-UK residents. Theresa May...

Heading for a Brexit... a Summer of conjecture?

Keith Kennedy
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  This article comments on what is needed to effect the UK’s exit from the European Union – and how the political events of the last month affect that process. It's been over a month since the EU Referendum’s...

Stabilised interest rates good news for the housing market

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Effect of a Brexit on the housing market Following the vote to leave the EU, there has been a pervasive air of “doom and gloom” in the news and talk about the housing market slowing down. There is no doubt that economic uncertainty caused...

INSIGHT: CYCLE Charity Challenge Is An Olympic Effort For Local Lawyer

Michael Pitt
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A LOCAL lawyer is aiming to raise money for charity in a gruelling cycle race around the Olympic time trial route in London. Michael Pitt, Partner at Oldham firm Pearson Solicitors and Financial Advisers, is in serious training for the Ride London100...

INSIGHT: A Brexit it is then! What now?

Christopher Burke
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So there it is! The UK have voted to leave the EU. It’s the end of era – or will be once the government negotiates how the Brexit will actually work. We’ve set out below a few key points for businesses and some basic guidance on what to do...

Beware bogus emails claiming to be from your solicitor

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About to complete on a house purchase? Beware bogus emails claiming to be from your solicitor. There has been another incident of a house buyer being tricked out of her purchase money by a fraudster pretending to be her conveyancer. In a case we heard...

INSIGHT: Making sure everything's "quite right" on a property transaction

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As lawyers and conveyancers, we must ensure that all our “ducks are in a row” before we complete property transactions for our clients.  We aim to ensure buyers know what they’re buying and the seller gets their purchase money. We also...

INSIGHT: New head for our property team

Michael Pitt
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We are delighted to announce that Karen Piontek has agreed to head up our team of commercial property and residential lawyers. Based at our Hollinwood office, Karen is known for her pragmatism and excellent communication skills and has built up a...

Safeguarding your money from fraudsters during conveyancing

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An increasing number of people are being defrauded on the internet. Those involved in buying and selling houses are as much at risk of falling victim to this so-called “cybercrime” as anyone else. In fact, it appears that property...

INSIGHT: The imminent stamp duty changes are causing concern

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We have highlighted the Chancellor’s imminent changes to stamp duty a few times in the last few months (see the links below). To recap, an extra 3% of stamp duty land tax (SDLT) will be payable on investment properties and second homes over...

INSIGHT: Developers: about to start a new project?

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How much do you know about the Wildlife and Countryside Act 1981 (the Act)? You might well ask: “what’s that got to do with me?” but if you are a developer intending to start work on an overgrown site, you need to pause for a minute and...

Investing in buy to let or a second home? Remember there are stamp duty changes ahead

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Back in Autumn 2015, the Chancellor, George Osborne announced significant changes to Stamp Duty Land Tax (SDLT) that will come into force on 1 April 2016. The announcement that there would be no SDLT on the first £125,000 of a house’s value was...

INSIGHT: More Houses Less Landlords Who Knows What The Future Will Bring

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New Recruits at Pearson Solicitors to tackle Housing Market Buoyancy At Start of 2016 The first week of 2016 has been a busy one for estate agents and for our conveyancing team at Pearson Solicitors as we look forward to another buoyant year amid changes...

INSIGHT: Private sector landlords must now install smoke and carbon monoxide alarms

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Landlords in the private rented sector should note that regulations have recently been introduced requiring them to provide smoke and carbon monoxide alarms. The Smoke and Carbon Monoxide Alarm (England) Regulations (SI 2015/1693) 2015 came into force on 1...

Landlords: new hoops to jump through if you want to seek possession from assured shorthold tenants

Ian Bowen
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New regulations have been introduced that require English landlords to provide certain documents and information to those tenants granted assured shorthold tenancies (AST) after 1 October 2015. Failure to do so could mean that the landlord will not be able...

Office to resi development rights to become permanent

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New measures announced recently by the Government will make it easier to convert underused offices into new homes. Brandon Lewis MP explained that the measures ‘ will mean we can tap into the potential of underused buildings to offer new homes for...

INSIGHT: Beware of Bogus Solicitor Emails

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Businesses and individuals are being warned to be extra vigilant of bogus emails from fraudsters posing as solicitors. Karen Piontek, associate lawyer in our commercial property team, offers some practical simple steps to take. According to the Solicitors...

INSIGHT: Commercial Property Market Gathers Pace

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Karen Piontek, associate lawyer in the property team, shares her views following recent news that the number of UK commercial property transactions has reached its highest level since the credit crunch. It is encouraging to hear that the number of...

INSIGHT: Rowham Set For Steely Future After Property Purchase

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A Manchester-based steel supplier has secured its long-term future after purchasing a property at Trafford Park, thanks to the help of Pearson Solicitors. Established in 1979, Rowham Steel Products Ltd supplies mild steel, galvanised steel and zinc-coated...