Do the Building Society Association intend to launch a searchable register to list law firms on the Loughborough BS conveyancing panel for instance in Kirkby In Furness?
Lexsure has not been advised of any intention on the part of the BSA to develop such a register.
Do commercial conveyancing searches reveal planned roadworks that may affect a commercial site in Kirkby In Furness?
Many commercial conveyancing solicitors in Kirkby In Furness will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Kirkby In Furness. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Kirkby In Furness.
For every commercial conveyancing transaction in Kirkby In Furness it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can result in delays to Kirkby In Furness commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Kirkby In Furness.
five months have elapsed following my purchase conveyancing in Kirkby In Furness completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. 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 asset 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.
Due to the guidance of my in-laws I had a survey completed on a house in Kirkby In Furness prior to instructing lawyers. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some mortgage companies will refuse to grant a mortgage on this type of premises.
It varies from the lender to lender. Santander has different requirements from Nationwide. Should you wish to telephone us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Kirkby In Furness. Conveyancing may be slightly more expensive based on your lender's requirements.
Last March I purchased a leasehold property in Kirkby In Furness. Do I have any liability for service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I inherited a studio flat in Kirkby In Furness, conveyancing was carried out 9 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Kirkby In Furness with over 90 years remaining are worth £202,000. The average or mid-range amount of ground rent is £55 yearly. The lease expires on 21st October 2077
With just 56 years left to run the likely cost is going to be between £29,500 and £34,000 plus legals.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.