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Red Square London NOVOSTI December 2015

Red Square London NOVOSTI December 2015



Red Square London NOVOSTI December 2015


Quite a bit has happened in the corporate life of Red Square London since our last Newsletter. The company has taken steps in the last month to reposition itself in matters of practice accreditation and Information Technology (IT).

In keeping with the terms of our authorisation as an Alternative Business Structure (ABS), Red Square (London) Limited had renewed its Licence with the Solicitor’s Regulation Authority. The renewal as an ABS enables us to continue in providing our clients with, not just the reserved instruments activities as would most traditional law firms but also the unregulated family office service which has distinguished us since our inception.

We are also happy to announce that Red Square London has successfully renewed its accreditation as a member of the Law Society’s Conveyancing Quality Scheme (CQS). In an exercise spanning almost six months, the Law Society carried out a robust and forensic examination of our practice standards, practice systems and fee earner’s knowledge of the Protocol. The Scheme is part of the Law Society’s continued quest to ensuring the highest standards in residential conveyancing practice and procedure and has at its heart the Protocol- a step by step conveyancing guide to be adopted with little or no variation by members of the CQS in residential conveyancing transactions. Our clients can rest assured of the continued excellent service provided by our conveyancing team.

November saw an overhaul of our IT infrastructure that involved the complete upgrade of our integrated telephony and computer systems. The goal, as always is to improve our efficiency in providing our clients with the very personal service that has been our hallmark. We are currently working on our website adding client-friendly features/information/articles to guide our clients through any enquiries they may have on the variety of legal/family solutions we deliver.

Overall 2015 has been an interesting and challenging year in our relationship with you, our clients. We have taken instructions and provided services on a wide ranging legal and unregulated matters. Our conveyancing team has dealt with a mixed case load of Freehold, Leasehold, New Build and Auction instructions; the returning testimonials rewarding our dedication to conveyancing excellence. Our Immigration team has kept track of the rapidly changing landscape in term of immigration rules and guidance and have advised our clients based on the most up-to-date Immigration Service and case law interpretation of the rules. We have successfully resettled a good number of families in the out-going year adopting this approach. Our successes in litigation, corporate and unregulated services has also added to our appeal in 2015.

As the year winds down, we like to take the opportunity to thank you, our dear clients for not just your custom but the trust you have reposed in us to delivering solutions to your legal and private matters. You are at the heart of what we do in Red Square London and our solemn promise to you is that in 2016 we shall be pushing those boundaries to ensure we remain your first port of call for all your legal solutions.

Have a happy holidays and rewarding 2016!


Changes across almost all visa categories

October – November 2015 have seen changes across almost all visa categories. The government announced new changes to the Immigration Rules, the Home Office published amended guidelines and clarified a few points which had previously caused some confusion among applicants. Most of these changes will affect applications submitted on or after 19 November 2015… READ MORE…


Considering property investments? Tips for buy-to-let landlords

Investing in the purchase of property as a buy-to-let landlord can be a challenging venture. It definitely requires more consideration than just going through the conveyancing process of acquiring the property, getting the tenant in and sitting back to watch the rental income flow in.

Statistics reveal that 20% of UK homes are now owned by private landlords, with 2 million people choosing to invest in residential housing. Supplementing other income streams with a decent rental yield is now seen as attractive for first-time landlords. Rising rental prices (especially in the capital) and the improving economic climate are also making long-term investment in property a seemingly viable proposition…READ MORE…


Stamp Duty Land Tax

The Chancellor has announced that 2016 will see a rise in Stamp Duty Land Tax (SDLT) payable by purchasers of second homes. A 3% rise will be added to each band of the SDLT for buyers of second residential properties. As a guide, a dwelling of £500,000 which costs a purchaser £15,000 in SDLT payment now will double to £30,000 for the same property when the new proposal takes effect in April 2016. This will definitely be an additional over-head cost in an already tough operating climate for buy-to-let Landlords. It would mean that, more than at anytime, buy-to-let Landlords must strategise carefully in choosing the location, cost and type of properties they invest in.


Renting vs buying business premises

Finding the right premises on the right terms is an important step for many new businesses. There are lots of decisions to make and it is important to understand what is involved. In this article we look at the main options for taking on business premises, weighing up pros and cons of renting and buying. Find out from our article which option suits best the needs of your business. *You can read this article in the Russian language in the “Media” section of our website. If you do not speak Russian, please contact us for more information.
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