Have completed on a a detached house in High Peak , What is the estimated time for the Land Registry to record the transfer to my name? My High Peak conveyancing solicitor works at snail pace, so I want to be certain that my name is recorded.
As far as conveyancing in High Peak is concerned, registration is no quicker or slower than anywhere else in the country. As opposed to being determined by geographic area, timescales can vary depending on the party submitting the application, whether there are errors and if the Land registry must send notices to any third parties. At present in the region of three quarters of submission are completed within 12 days but some can be subject to longer hold-ups. Historically registration occurs after the purchaser is living at the premises thus 'speed' is not usually an essential issue yet where it is urgent that the the registration takes place urgently then you or your lawyers must communicate with the Registry to express the reasoning for the application to be prioritised.
How can the Landlord & Tenant Act 1954 impact my commercial premises in High Peak and how can you help?
The 1954 Act gives security of tenure to commercial tenants, giving them the a statutory right to make a request to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. High Peak is one of our many areas of the UK in which our lawyers are based
Should I appoint a High Peak conveyancing solicitor based in the vicinity that I am purchasing? We have a good friend who can handle the legal work but they are based a couple of hundredmiles away.
The primary upside of using a local High Peak conveyancing practice is that you can pop in to sign paperwork, hand in your identification documents and apply pressure on them if necessary. They will also have local knowledge which is a benefit. However nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and on the whole were impressed that should surpass using an unknown High Peak conveyancing lawyer just because they are based in the area.
I am attracted to a couple of apartments in High Peak which have approximately fifty years unexpired on the lease term. Should I regard a short lease as a deal breaker?
There are plenty of short leases in High Peak. The lease is a right to use the premises for a period of time. As the lease gets shorter the saleability of the lease reduces and it becomes more costly to acquire a lease extension. This is why it is often a good idea to extend the lease term. More often than not it is difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a difficult process. We recommend you get professional assistance from a conveyancer and surveyor with experience in this arena.
I am the registered owner of a 1st floor flat in High Peak, conveyancing having been completed June 2006. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in High Peak with over 90 years remaining are worth £181,000. The average or mid-range amount of ground rent is £55 yearly. The lease ceases on 21st October 2077
With only 51 years left to run we estimate the premium for your lease extension to range between £30,400 and £35,200 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.
Do online conveyancing organisations undertake everything a local High Peak solicitor does or do I still need to employ a solicitor for the final stages for my conveyancing in High Peak?
If you choose an online conveyancer they will cover all the work your High Peak solicitor would cover.