Articles & Downloads / Janeen McKay

Janeen McKay

Title indemnity insurance: how it could help you

06 February 2019

You have found your first home or your dream home and you are eager to sign on the dotted line and get the keys. However, when you meet with your solicitor to discuss the contract and title to the property, you are advised that there is a title issue. Read More

Janeen McKay

What can you do to protect your home when planning for the future?

08 November 2018

With the estimated annual cost of care home fees being £41,000 it is not surprising that many people are considering their own positions to try and protect their assets which they have worked their whole lives to build up. The most valuable asset usually being the family home. Northern Ireland residents with savings, investments and or property, to include the value of their home, with a value greater than £23,250 will not be eligible for financial assistance from their local Health and Social Care Trust and will be obliged to meet the full cost of their residential or nursing care. The main concerns for these individuals and their families is that they will have to sell their home to pay for their care and that their children's inheritance will be reduced. Read More

Janeen McKay

Buying at Auction - Forewarned is forearmed

24 October 2017

Buying a property at auction can be exciting and potentially profitable and appeals to a wide spectrum of purchasers hoping to bag a bargain and cut out the traditional and sometimes lengthy conveyancing process. It is conceived as a faster way to dispose of property and is a relatively simple process. However, it is not risk-free, as once your bid is accepted and the hammer falls, you are contractually bound to complete the purchase no matter what. Read More

Janeen McKay

SDLT – Don't get stamped on!

03 October 2017

You must pay Stamp Duty Land Tax (SDLT), a self-assessment tax, when you purchase a property or land over a certain price in Northern Ireland. The current thresholds are £125,000 for residential properties and £150,000 for non-residential land and properties. With effect from 1 April 2016 the government introduced a controversial higher rate of SDLT on purchases of additional residential property. This means that the surcharge applies to second homes and rental properties. The surcharge was introduced to support home ownership and first time buyers but hits investors and second homeowners hard. Read More

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