Author: Ernie Tod

Buying Real Estate In The UK: The Questions & Answers

International and offshore businessmen typically think over the fact whether you need to clarify the ‘origin’ of money to purchase real estate. Although this is not essential, all the conveyancing solicitors  in the UK are required to comply with the requirements of the law on counteraction to legalisation (laundering) of funds obtained by criminal means. This means that the lawyer ‘must know a customer’: he or she must verify the identity of the private buyer, or check out the statutory documents of the company, a private buyer may also be required to make a copy of the utility payments or bank statement confirming the address of permanent residence. The lawyer may also ask questions about the origin of the money to buy property. Remittances should be made only from the personal account of the buyer or from the settlement of accounts, and not from a third party account. You can use the account of any country. If at any stage of the transaction has suspicions regarding the origin of the money, the lawyer is obliged to notify the competent authority, otherwise it may not only lose their professional status, and himself be prosecuted.

Do you have to pay some taxes?

Unlike in other countries, in the UK there is no annual tax on property ownership. However, the owner and the tenant, have to pay council tax (Council Tax), which goes to finance police, schools, streets cleaning, etc. The amount is set by the municipality and can vary dramatically even within a single city (typically, it ranges from 200 to 2500 pounds per year). The owners of almost all the apartments must cover building maintenance which costs from 1,000 to 10,000 pounds a year. So you should better clarify the size of the payment to avoid unpleasant surprises.

Does the ownership of real estate in the UK provide benefits in obtaining visas and permanent residence?

Officially, the ownership of real estate in the UK does not provide any benefits to owners for permanent visas, residency and citizenship of the more, however, as experience shows, this is an important first step in this direction. There must be a comprehensive approach to the issue, do not skimp on the advice of qualified experts on immigration and the legal tax optimisation.

What are the advantages and disadvantages of the apartments in the old historic homes?

Many of our customers initially consider only modern apartments because of fears associated with a technical condition of old buildings. However, the Brits watch their architectural heritage carefully, and the risks associated with demontage or are not really high. Some people are necessarily looking for parking options included, but not many realise that having a vehicle in the capital is an extremely pricey. In addition, city officials seek to encourage motorists to switch to public transportation and taxis – through developments in transportation and raising the operational expenses associated with having a vehicle – from high parking costs to paid entrance to the center and huge fines.

Understanding the nature of clinical negligence from a consumer point of view

One of the main parameters determining the market mechanisms of health care services is specific methods of payment. Consumers almost never pay the entire price for health care out of their pockets. Of course, the consumer covers virtually all the costs, but in a very original way. Personally, out of pocket, as a rule, he pays only a fraction of the price, and sometimes doesn’t even pay anything. The rest is covered by public funds (budget, off-budget social funds, etc.), which distributes the financial burden on all participants (citizens, tax payers, etc.). Naturally, in such circumstances, the consumers are allured by over-consumption, while the manufacturers and the sellers are naturally interested in overselling. It should be noted that spending on health care, the cost and volume of medical interventions are not closely correlated with health status of population. In some cases (in some countries) the most inexpensive interventions can lead to favorable shifts in the health of the general population; in other – even the most expensive treatments lead only to a negligible effect.

Indeed, in practice, there are cases of medical care of poor quality, the effects of which may be a futile treatment or harm to the life and health of the patient. In this sense, the unqualified treatment, including the one with medical errors, is rendered with a deviation from the accepted quality standards equivalent to the injury, which may be the basis for bringing health workers to legal responsibility. In terms of the legal evaluation medical care (in order to establish grounds for prosecution of health workers and institutions) can be divided into adverse effects of treatment caused by medical errors, accidents and punishable omissions (professional offense). The fact should be underlined that even legal area is growing – according to solicitors.guru, a prominent UK legal startup, the category of medical negligence solicitors has increased by 12% in comparison with 2013.    

medicalnegligenceHealthcare patients usually can not be the same users of services just like at hotel or restaurant, since medical care is too complex to fully assess its outcomes. Providers of any services can make mistakes. But the cost of failure of a doctor is many times higher than the one, let’s say, of a barber. Patients are forced to trust the doctors, as they have little or simply no other choice. They naively believe that the doctor has no right to make mistakes, and a ‘good’ doctor is never wrong. On the other hand, the impact on patients health care market is almost unpredictable. Consumers create demand, which the doctors are forced to submit more or less willingly. The terms of providing medical services in the majority of health facilities in the presence of persistent structural imbalances in the industry and depreciation of fixed assets, shortage of personnel at the primary health care, equalisation in determining the level of wages of the direct producers, etc, – all this increases the likelihood of the formation of high level of errors among manufacturers.