We chose a local solicitor for our conveyancing in Great Shelford yesterday. Reviewing the Terms and Conditions I seeI am responsible for charges even where the transaction does not complete. Should I go with them or instruct a web based firm offering no completion no charge conveyancing in Great Shelford?
Generally there is a concession along the lines that if "No Sale No Fee" is available then the fee levels will generally be higher to cover those cases that do not go ahead. Dont forget that these deals rarely cover disbursements such as Great Shelford conveyancing search fees.
I have been told that property searches are the main reason for stalling in Great Shelford conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays during the legal transfer of property. Local searches are unlikely to feature in any holding up conveyancing in Great Shelford.
The deeds to my property are lost. The lawyers who handled the conveyancing in Great Shelford 10 years ago have long since closed. Will I be able to sell the house?
You no longer need to have the physical deeds to prove you are the owner of your registered land or premises, as the Land Registry have everything they need in a digital format.
In what way does the Landlord & Tenant Act 1954 impact my commercial premises in Great Shelford and how can you help?
The 1954 Act affords security of tenure to commercial lessees, granting the a statutory right to make a request to court for a renewal lease and continue in occupation at the end of the lease term. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Great Shelford is one of the hundreds of locations in which our lawyers are located
I am in need of some leasehold conveyancing in Great Shelford. Before I get started I require certainty as to the remaining lease term.
Assuming the lease is recorded at the land registry - and almost all are in Great Shelford - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I invested in buying a studio flat in Great Shelford, conveyancing having been completed half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Great Shelford with an extended lease are worth £180,000. The ground rent is £65 invoiced annually. The lease ceases on 21st October 2077
With 58 years unexpired we estimate the premium for your lease extension to range between £22,800 and £26,400 plus costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.