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Recently asked questions about conveyancing in Bilborough

Is there a reason why leasehold purchase conveyancing in Bilborough is more expensive?

In short, leasehold conveyancing in Bilborough and elsewhere usually warrants more work compared to freehold conveyancing. This includes lease investigation, communicating with the landlord about the service of applicable notices, procuring current service charge and management information, securing the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different owners have owned the lease since it was first entered into.

I have recentlybeen informed that Wolstenholmes have closed. They conducted my conveyancing in Bilborough for a purchase of a freehold house 9 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?

The quickest way to see if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Bilborough conveyancing specialists.

I've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a straight forward, no chain conveyancing. Bilborough is the location of the property. Can you offer any assistance?

Flying freeholds in Bilborough are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bilborough you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bilborough may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

What does commercial conveyancing in Bilborough cover?

Bilborough conveyancing for business premises incorporates a broad array of advice, supplied by regulated solicitors, relating to business premises. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.

Is there an average conveyancing fee for conveyancing in Bilborough?

The average cost last year for conveyancing in Bilborough was £1,419 not including SDLT and HM Land Registry fees.

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