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Recently asked questions about conveyancing in Arnold

I have been told that property searches are the primary reason for stalling in Arnold conveyancing transactions. Is this right?

The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of delays during the legal transfer of property. Searches are unlikely to be the root cause of delay in conveyancing in Arnold.

My wife and I purchased a semi-detached Georgian property in Arnold. Conveyancing practitioner acted for me and Norwich and Peterborough Building Society. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, the second leasehold with the matching property. I'd like to know for sure, how can I find out??

You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Arnold and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with the conveyancing lawyer who conducted the work.

I am looking for a ground for flat up to £245,000 and identified one near me in Arnold I like with open areas and station nearby, however it's only got 52 years on the lease. There is not much else in Arnold in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?

Should you need a mortgage that many years will likely be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you may request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.

My company is planning to take over a lease of a shop on a shopping parade. Can you recommend lawyers offering no-sale-no charges for non-domestic conveyancing in Arnold for under 1500k?

We can recommend firms who have an in-depth of experience of commercial conveyancing in Arnold, including the sale and purchase of businesses as well as simply property. If you are looking to purchase or lease a shop, pub, restaurant, office, retail unit or a complete business we will find you the right solicitor. As for the fees these will vary based on the structure and heads of terms of the deal. Please provide us with your contact information or phone us so that we may furnish you with a detailed commercial conveyancing quote.

We are FTB’s just having agreed a price on a property in Arnold, and are now looking to get solicitors appointed. We have utilised the different rating tools and the quotes are from all over the England and Wales. Is it advisable to have a Arnold solicitor local to your potential property? I am content to do all the communicating over the web, but I guess at some stage we will be required to visit the property lawyer's office to sign contracts?

The conveyancer does not need to be in Arnold, but choosing local means that you have the option to visit their offices if required, for instance, if a signature is immediately necessary. In addition, a Arnold solicitor is likely to be familiar with local agents and (if the vendor has instructed a local conveyancer) with them, which should help smooth the process.

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Find out more about how flying freehold can affect your the value of a property.