The first Labour budget for 14 years was the subject of much speculation in the press. But what has changed for homeowners, buyers and sellers? And is there anything property owners should do as a result? ‘There was a lot of hype surrounding the budget,’ agrees Cathal Murray, a solicitor with James McNulty & Co. ‘Whilst the impact on [...]
Picture this; you have had your offer accepted and the conveyancing is progressing smoothly, but before your solicitors release your offer to purchase, they tell you that the property you are buying is subject to a restrictive covenant. ‘That scenario is more common than you might think,’ admits Cathal Murray, solicitor with James McNulty & Co. ‘It is important [...]
If you own a small plot of land which you no longer need or wish to maintain, now could be a good time to sell, especially if your plot has development potential. ‘The prospect of selling to a neighbour or family member may feel very different from selling to a developer, but it is important to consider all the [...]
‘Buying a park home or a static caravan is an increasingly popular option says Cathal Murray of James McNulty & Co. ‘It appeals to all sorts of people; retirees, downsizers, or those simply looking to make the most of their leisure time. It can be a major financial commitment, so it is important not to scrimp on professional advice.’ [...]
A common concern for our clients and their families is the prospect of having to sell the family home in order to meet care costs,’ explains Cathal Murray a solicitor with James McNulty & Co. in Omagh. ‘There are many articles and schemes online which seem to indicate that selling a home can be avoided, but often these schemes [...]
Shows like Channel 4’s Grand Designs reflect the growing popularity of self-build, which accounts for 13,000 new homes every year. So, if your dream is to build your own home, should you take the next step towards making it a reality? ‘There are certainly a lot of advantages’, says Cathal Murray of James McNulty & Co. Solicitors. ‘Self-build lets [...]
Summer is here and it is not uncommon to want to prolong that holiday feeling and dream of investing in a holiday home which allows you to return to your favourite spot more frequently. Holiday home ownership has boomed recently and in 2021 second homes accounted for more than 24,000 purchases. Many of these were on the coast or [...]
One in five landlords plan to sell, citing increased regulation and less favourable tax treatment as reasons, according to recent research by a leading building society. ‘If you have a tenant, a key decision will be whether to sell with them in place or with vacant possession,’ says Cathal Murray, a solicitor with James McNulty & Co. Solicitors and [...]
A wood burner or open fire is an attractive feature in a property, especially as the nights draw in and temperatures drop. If are buying a property with one, or you plan to install a log burner in your new home, there are important things to consider. ‘Most people know gas boilers and electrical wiring need to meet certain [...]
Low interest rates combined with high demand for rental properties and a boom in self-catering holidays have fueled growth in property investment. Flexible finance options also make it easier to pool resources to invest in property or to buy a second home with friends or relatives. ‘When buying a residential property with others, there are a number of options [...]
