The owners of the house we are purchasing have appointed a conveyancing practitioner in Hale Barns who has suggested a lock out agreement with a non-refundable deposit 10k. Are such arrangements appropriate for Hale Barns conveyancing transactions?

There are a couple of primary drawbacks with signing a lock out contract (sometimes referred to as an exclusivity agreement) is that it can distract from moving forward with the conveyancing process, so in the absence of it needing little or no negotiation then it could transpire to be a hindrance. It is not promoted amongst Hale Barns conveyancing lawyers as a result. A supplemental issue is the extent of the remedies available - a jilted purchaser is extremely unlikely to obtain an injunctive ruling by a court to bar the vendor disposing of the property to another buyer, so the only remedy open via the contract will be the recovery of abortive costs and, in limited situations, the additional payment of damages.

Can your site be used to locate a Conveyancing solicitor in Hale Barns even if I’m not purchasing or selling a house, for instance where I intend to acquire an office in Hale Barns with a loan from Yorkshire Building Society?

Our comparison service is predominantly used to help choose domestic conveyancing solicitors in Hale Barns but we have listed towards the bottom of this page some Hale Barns commercial conveyancing firms. You will need to make contact with the solicitors directly to see if they can also act for Yorkshire Building Society

I am looking for a flat up to £195,000 and found one near me in Hale Barns I like with a park and station nearby, the downside is that it's only got 52 years unexpired on the lease. There is not much else in Hale Barns in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?

Should you require a home loan the remaining unexpired lease term will likely be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.

I am looking to sell my house. My previous lawyers has retired. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Hale Barns if that makes a difference.

Do use our search tool to help you choose a solicitor for your conveyancing in Hale Barns. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.

I only have 68 years unexpired on my lease in Hale Barns. I now wish to extend my lease but my freeholder is missing. What options are available to me?

On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. However, you will be required to demonstrate that you or your lawyers have used your best endeavours to locate the freeholder. For most situations an enquiry agent should be helpful to try and locate and to produce a report to be used as evidence that the landlord can not be located. It is advisable to get professional help from a property lawyer in relation to devolving into the landlord’s absence and the vesting order request to the County Court overseeing Hale Barns.

I invested in buying a studio flat in Hale Barns, conveyancing was carried out November 1997. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Hale Barns with over 90 years remaining are worth £260,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease comes to an end on 21st October 2100

With just 75 years left to run we estimate the premium for your lease extension to be between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.

The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.