Can your site be used to find a Conveyancing solicitor in Cholsey even if I’m not buying or selling a house, for example if I wish to buy an office in Cholsey with a loan from Norwich and Peterborough Building Society?

Our comparison service is predominantly used to get a quote from domestic conveyancing solicitors in Cholsey but we have recorded towards the end of this page some Cholsey commercial conveyancing firms. You will need to make contact with the firm directly to establish if they can also act for Norwich and Peterborough Building Society

Will my conveyancing lawyers need to check that the building insurance when buying a house in Cholsey. My lender is Chelsea Building Society

Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 19/7/2024, the requirements read as follows :

What does a local search reveal regarding the property my wife and I purchasing in Cholsey?

Cholsey conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search company for instance Onsearch The local search is essential in every Cholsey conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your new home. The search should reveal information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.

How does the Landlord & Tenant Act 1954 impact my business property in Cholsey and how can you help?

The particular law that you refer to affords protection to commercial tenants, granting the right to make a request to court for a renewal lease and continue in occupation at the end of an expired lease. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Cholsey is one of the many areas of the UK in which the firms we work with have offices

I own a leasehold flat in Cholsey. Conveyancing was finalised in 2010. I have been told that I should not allow the lease length fall too short. What is the reasoning?

Cholsey leasehold properties are for a prescribed period - often 99 years when they are first granted. However a significant appartments in Cholsey were constructed or converted 25 or more years ago and so such leases now have under 80 years left to run. This may sound like a long time however Banks, Building Societies and other mortgage institutions generally require leases to have a minimum of seventy five years remaining to adequate security. Accordingly when you come to sell the property you will need to extend the term of your lease if you are nearing eighty years. To optimize your property value you should be thinking about whether or not to extend your lease well in advance of selling the property. Furthermore strong financial reasons to doing so before the lease hits 80 years as when the lease falls below eighty years the amount to be paid to extend starts to escalate.