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Recently asked questions about conveyancing in Clitheroe

Can you explain why leasehold purchase conveyancing in Clitheroe costs more?

Clitheroe leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.

Will our lawyer be asking questions regarding flooding as part of the conveyancing in Clitheroe.

Flooding is a growing risk for conveyancers specialising in conveyancing in Clitheroe. There are those who purchase a house in Clitheroe, completely aware that at some time, it may be flooded. However, leaving to one side the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or sell the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.

Conveyancers are not best placed to impart advice on flood risk, but there are a various checks that can be carried out by the buyer or by their solicitors which can give them a better appreciation of the risks in Clitheroe. The standard information given to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) contains a standard question of the seller to discover whether the premises has ever been flooded. If flooding has previously occurred and is not notified by the seller, then a purchaser could issue a legal claim for losses as a result of such an inaccurate response. A purchaser’s solicitors should also carry out an environmental report. This should indicate if there is a recorded flood risk. If so, further investigations should be initiated.

My husband and I are first time buyers - had an offer accepted, but the agent advised that the seller will only proceed if we use their chosen solicitors as they need an ‘expedited deal’. My instinct tells me that we should use a local conveyancer accustomed to conveyancing in Clitheroe

We suspect that the owner is not behind this requirement. Should the owner require ‘a quick sale', taking such a hostile approach to a motivated purchaser is going to damage their objectives. Avoid the agents and go straight to the sellers and make the point that (a)you are serious buyers (b)you are ready to progress, with finances in place © you are chain free (d) you wish to move quickly (e)however you will continue to use your own,trusted Clitheroe conveyancing firm - as opposed tothe ones that will give the negotiator at the agency a commission or hit his conveyancing thresholds set by head office.

My wife and I purchased a leasehold house in Clitheroe. Conveyancing and Platform Home Loans Ltd mortgage organised. A letter has just been received from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1995. The conveyancing solicitor in Clitheroe who previously acted has long since retired. Any advice?

The first thing you should do is make enquiries of the Land Registry to make sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Clitheroe conveyancing solicitor to do this as you can do this on the Land Registry website for £3. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

I invested in buying a studio flat in Clitheroe, conveyancing was carried out half a dozen years ago. Can you work out an approximate cost of a lease extension? Equivalent properties in Clitheroe with over 90 years remaining are worth £222,000. The average or mid-range amount of ground rent is £50 levied per year. The lease finishes on 21st October 2094

With only 70 years left to run the likely cost is going to span between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.

The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.

Is there a distinction between surveying and conveyancing in Clitheroe?

Conveyancing - in Clitheroe or elsewhere - is the legal term given to transferring legal title of property from one person to another. It involves the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are purchasing and will help you find out about the condition of the building and, if there are problems, give you a powerful reason for negotiating the buying price down or asking the vendor to remedy the problems prior to you complete your move.

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