Can you recommend a Barclays Direct accepted Cheshire conveyancing firm finish our home move within less than a month? Am I best advised to go for a high street Cheshire firm or a nationwide conveyancer?
We can recommend some very good Cheshire conveyancing firms. You can also walk up the high street in Cheshire. Visit two or three law practices and ask to speak with a conveyancing solicitor for a fee estimate. Explain your time frames together with the reasons and get a commitment on your deadline. Choose the lawyer that appears most efficient.
In what way does my ID and proof of funds have anything to do with my conveyancing in Cheshire? Is this really warranted?
Cheshire conveyancing solicitors and indeed property practitioners throughout the UK have a duty under money laundering regulations to verify the ID of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients will need to produce two forms of certified ID; proof of identity (usually a Passport or Driving Licence) and evidence of address (usually a Utility Bill less than 3 months old).
Evidence of the origin of monies is also required under the money laundering regulations as solicitors have a duty to check that the money you are using to purchase a property (whether it be the deposit for exchange or the total purchase amount if you are buying without a mortgage) has originated from a reputable source (such as an inheritance) and is not the product of criminal activity.
Will commercial conveyancing searches reveal planned roadworks that could impact a commercial land in Cheshire?
Its becoming the norm that commercial conveyancing solicitors in Cheshire will carry out a SiteSolutions Highways report as it reduces the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Cheshire. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Cheshire.
For each commercial conveyancing transaction in Cheshire it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may result in delays to Cheshire commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Cheshire.
What does commercial conveyancing in Cheshire cover?
Non domestic conveyancing in Cheshire covers a broad range of guidance, provided by qualified solicitors, relating to business premises. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies 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 leases.
I am employed by a reputable estate agency in Cheshire where we have witnessed a number of leasehold sales put at risk as a result of short leases. I have been given conflicting advice from local Cheshire conveyancing solicitors. Can you confirm whether the owner of a flat can initiate the lease extension formalities for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I acquired a 1 bedroom flat in Cheshire, conveyancing formalities finalised December 1997. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Cheshire with a long lease are worth £176,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease ends on 21st October 2100
With 79 years remaining on your lease the likely cost is going to span between £7,600 and £8,800 plus costs.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.