Is there a reason why leasehold purchase conveyancing in Abbots Langley costs more?
Abbots Langley leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
What happens if my solicitor is suspended from the Kent Reliance Solicitor panel ahead of completing my conveyancing in Abbots Langley?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
I used Action Conveyancing several years ago for my conveyancing in Abbots Langley. I now require my file but the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Abbots Langley of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am using a search engine for the phrase on line conveyancing in Abbots Langley it shows results of many conveyancerslocally. How do I determine which is the right conveyancing solicitor for my move?
The best way of choosing the right conveyancer is through a personal referral, so enquire of colleagues and family who have bought a property in Abbots Langley or a reputable estate agent or mortgage broker. Costs for conveyancing in Abbots Langley vary, so it's sensible to request a minimum of four costs illustrations from different solicitors. Make sure that you know that the fees are fixed.
I am intending to sublet my leasehold apartment in Abbots Langley. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for their consent?
Notwithstanding that your previous Abbots Langley conveyancing lawyer is not around you can check your lease to check if it allows you to sublet the premises. The rule is that if the deeds are silent, subletting is permitted. There may be a precondition that you are obliged to seek consent from your landlord or some other party before subletting. The net result is that you cannot sublet without prior permission. The consent should not be unreasonably turned down. If the lease does not allow you to sublet you should ask your landlord for their consent.
I own a studio flat in Abbots Langley, conveyancing having been completed 9 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Abbots Langley with a long lease are worth £190,000. The ground rent is £45 levied per year. The lease runs out on 21st October 2080
You have 62 years unexpired the likely cost is going to be between £17,100 and £19,800 plus legals.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.