Do the conveyancing solicitors that you recommend conduct auction conveyancing in Corfe Castle?
We know of a few auction solicitors we can put you in touch with those conducting auction conveyancing. Corfe Castle is one of hundreds of locations where our lawyers have a presence.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one close by in Corfe Castle I like with a park and transport links in the vicinity, the downside is that it only has 51 years unexpired on the lease. There is not much else in Corfe Castle suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you require a mortgage the remaining unexpired lease term will be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
In what way can the Landlord & Tenant Act 1954 affect my business property in Corfe Castle and how can you help?
The particular law that you refer to affords a safeguard to business tenants, granting the dueness to make a request to court for a continuation of occupancy 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. Corfe Castle is one of our hundreds of areas of the UK in which the firms we work with have offices
My cousin has recommend that I use his lawyers for conveyancing in Corfe Castle. Should I find my own conveyancer?
Much as we are happy to recommend a Corfe Castle conveyancing lawyer the best way to select a conveyancing lawyer is to have guidance from friends or relatives who have used the solicitor you're considering.
I today plan to offer on a house that appears to tick a lot of boxes, at a reasonable figure which is making it all the more appealing. I have since found out that the title is leasehold rather than freehold. I am assuming that there are issues buying a house with a leasehold title in Corfe Castle. Conveyancing lawyers have are about to be appointed. Will my lawyers set out the risks of buying a leasehold house in Corfe Castle ?
The majority of houses in Corfe Castle are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. We note that you are buying in Corfe Castle so you should seriously consider looking for a Corfe Castle conveyancing solicitor and be sure that they are used to dealing with leasehold houses. First you will need to check the number of years remaining. Being a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions such as requiring the freeholder’spermission to carry out changes to the property. You may also be required to pay a contribution towards the upkeep of the communal areas where the property is part of an estate. Your conveyancer will advise you fully on all the issues.
I bought a 2 bed flat in Corfe Castle, conveyancing was carried out 8 years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Corfe Castle with a long lease are worth £186,000. The average or mid-range amount of ground rent is £55 per annum. The lease ceases on 21st October 2070
With only 51 years unexpired the likely cost is going to range between £30,400 and £35,200 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.