What you should know about purchasing banking real estate in the UK

Before the registration of the transaction for the purchase of bank property in London foreign investors should take into account the most basic factors that may influence the decision to purchase. According to the regulatory decree, the client undertakes to assume the risks associated with the given real estate. This means that in case of the existence of a certain debt, for example, for the contents of an object or an utility debt to the housing cooperative, the new owner is obliged to repay all the existing debts. If the previous owner of banking real estate has signed a lease and acted as the lessor, the new owner of the facility is obliged to wait for the expiry of the lease, and only then request the tenant to vacate the building. In view of this, it is advisable to hire legal entities that analyse the actual debt situation and take into account all the nuances that can affect the cost increases or unprofitable transaction. Legal backup is essential as banks may cooperate with 3rd party agencies that are interested in the sale without disclosing the entire picture – conveyancing solicitor and debt specialists could be the professional categories that will help you out.

banking realestate

Also, investors should take into account the time associated with the financing. As mentioned above, the bank services are ready and motivated to provide financial support. However, the potential buyer, referring to a particular UK bank, which offers the property for sale, agrees to accept funding exclusively from this particular bank. So, if there is a need for mortgage lending, the client will be able to use only the offers provided by the partner bank on the certain conditions defined by the bank. That is, the investor will be unable to select the best loan program at other banks, plus lower rates could be unavailable to the investor. Importantly, the conditions of long term loans offered by British banks as for real estate financing, which is sold at a discount of 70% or even more, could be far from optimal. However, in practice, this does not affect the financial profitability of the operation, although it implies certain ‘handcuffing’, limiting the choice of the investor.

The prospects confiscated or arrested real estate bears for foreign investors are largely associated with the affordable end price, so option can be considered to be optimal for many buyers running on a tight budget, even if the repair costs or debt repayment, net income from such investments may rise up to 100% of the purchase of the bank property. The investor may gain additional benefits by investing a certain amount of money in a property-focused project (usually the amounts start from £250,000) or moving capital to the partner bank (the amounts of £500,000+ should be considered). All in all, given the deficit on the property market, all of the above aspects trigger particular interest for such real estate segment in foreign investors.

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Medical negligence in the legal practice (real use case inside)

The crime in providing medical assistance can be committed through carelessness or professional negligence. In the first case it is considered that a guilty person foresaw the potential outcomes of socially dangerous consequences of the actions made (or inaction), but lightly, without strong reasons considered their prevention (or absence) to be possible and/or true. In the second case (negligence), the offender, did not foresee such effects, but with the necessary approach and forethought should have and could have foreseen them.

An example of the negligence could be the next case (we are referring to the real cases provided by solicitors.guru partners – medical negligence solicitors, although we omit names, surnames and geographical location of the case). A patient with uncomplicated closed fractures of the hip was brought to the hospital. Young surgeon on duty decided to take advantage of osteosynthesis. During the surgery a severe bleeding occurred, and as a result, clinical shock. The patient died, and it turned out there were no indications for osteosynthesis. The surgeon, counting on the fact that there would be no intraoperative complications, decided to perform operation and took an increased risk.

Criminal negligence is defined as the occurrence of unforeseen adverse effects, though the guilty party could and should have foreseen their offensive. In practice, criminal negligence is often associated with medical ignorance. There is a misconception that the ignorance of their duties does not entail criminal liability. This is not true. Getting medical diploma, young professionals not only get the right to engage in medical practice, but also take on the responsibility to be able to do it.

Non-crime legal precedents

There’s a term ‘medical incident’ (also classified as ‘medical accident’) that doesn’t imply criminal activity. In this case the doctor is believed to act deemed to be committed innocently (accidentally) if the perpetrator (for example medical worker) was not aware of the social danger of his actions, did not foresee its socially dangerous consequences and the circumstances of the case should not have been there or could have been foreseen.

Here’s another example to consider: before appointing/introducing an antibiotic, the doctor asks the patient whether he has some drug tolerance problems, allergic reactions or, in particular, unusual reactions to antibiotics. After receiving a negative response, the physician nevertheless fulfills the necessary samples to determine the patient’s hypersensitivity to antibiotics, and the sample is negative. However, with the introduction of antibiotics, a severe anaphylactic shock is developed in the patient, recovery from which demanded significant efforts. There is no fault of the doctor, as in this case he did everything that is required, and he couldn’t foresee the consequences. From a legal point of view, the incident must be regarded to as causing of harm innocently, as there is no form of guilt there.

From time to time in the medical literature there are reports that significant efforts are made to organise medical negligence information with legal aspects in minds. The authors of these publications argue a lot, defending their own points of view and moving in decentralisation direction, rather than in a uniform way. Unfortunately, these attempts are groundless, because they are going beyond the limits of medical knowledge and the competence of law intrusion.

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