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Recently asked questions about conveyancing in Wellesbourne

I require expedited conveyancing in Wellesbourne as I am faced with a deadline to complete within one month. Luckily I do not need a mortgage. Can I escape the need for conveyancing searches to save fees and time?

As you are are a cash buyer you have the choice not to have searches carried out although no conveyancer would suggest that you don't. Drawing on our experience of conveyancing in Wellesbourne the following are examples of issues that can appear and adversely impact market value: Refused Planning Applications, Overdue Fees, Outstanding Grants, Unadopted Roads,...

I have been on the look out for a ground for flat up to £305k and identified one close by in Wellesbourne I like with amenity areas and railway links nearby, however it's only got 61 years unexpired on the lease. I can't really find anything else in Wellesbourne in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?

Should you require a mortgage that many years will be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.

How can the Landlord & Tenant Act 1954 affect my business premises in Wellesbourne and how can your lawyers assist?

The particular law that you refer to provides a safeguard to business leaseholders, giving them the dueness to make a request to court for a new tenancy and remain in occupation when the lease comes to an end. There are limited grounds where a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Wellesbourne is one of our hundreds of locations in which our lawyers are based

Having checked my lease I have discovered that there are only 72 years left on my lease in Wellesbourne. I need to extend my lease but my landlord is absent. What are my options?

If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. You will be obliged to demonstrate that you or your lawyers have used your best endeavours to find the landlord. In some cases a specialist should be helpful to conduct investigations and prepare a report which can be accepted by the court as evidence that the landlord is indeed missing. It is advisable to get professional help from a property lawyer in relation to investigating the landlord’s absence and the application to the County Court overseeing Wellesbourne.

I acquired a garden flat in Wellesbourne, conveyancing formalities finalised in 2006. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Wellesbourne with a long lease are worth £165,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease finishes on 21st October 2102

You have 78 years left to run we estimate the premium for your lease extension to range between £7,600 and £8,800 plus costs.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of detailed investigations. Do not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.

What is the reason for new build conveyancing in Wellesbourne being more expensive?

Conveyancing in Wellesbourne for newly converted or new build homes often involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as additional investigations and contractual considerations.

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