We are purchasing a property and require a conveyancing solicitor in Ferryhill who is on the Yorkshire BS solicitor panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Yorkshire BS . We don't recommend any particular firms conducting conveyancing in Ferryhill.
three months have gone by following my purchase conveyancing in Ferryhill completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a flat up to £305k and found one round the corner in Ferryhill I like with a park and transport links nearby, however it's only got 52 years on the lease. There is not much else in Ferryhill in this price bracket, so just wondered if I would be making a mistake buying a short lease?
If you need a mortgage the remaining unexpired lease term may be an issue. Reduce the price by the expected 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 ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.
How can the Landlord & Tenant Act 1954 affect my commercial premises in Ferryhill and how can your lawyers assist?
The 1954 Act gives a safeguard to commercial tenants, giving them the a statutory right to apply to court for a new lease and continue in occupation when the lease reaches an end. There are limited grounds where a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act for protection and help with commercial conveyancing in Ferryhill
We are in the middle of buying a residence in Ferryhill. Conveyancing lawyer has called to say the title is "Leasehold". Should this impact the salability of the house?
Ferryhill conveyancing does not normally involve leasehold houses. The crucial consideration here is the length of lease and the ground rent. If there are hundred of years years remaining with a peppercorn rent, it's almost the same as freehold, so it shouldn't impact the saleability significantly.
At the other extreme, if it's, say, Sixty years it will have a adverse impact on the value, and probably wouldn't be mortgageable. The length of lease and ground rent will be specified in the lease to be supplied to your conveyancing practitioner.