What can a local search reveal about the property my wife and I purchasing in Leamington Spa?

Leamington Spa conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search organisations for instance PSG The local search is essential in every Leamington Spa conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your property. The search will reveal information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.

I have been on the look out for a ground for flat up to £305k and identified one round the corner in Leamington Spa I like with a park and railway links in the vicinity, however it only has 52 years unexpired on the lease. I can't really find anything else in Leamington Spa suitable, so just wondered if I would be making a mistake acquiring a short lease?

If you need a home loan the shortness of the lease may be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.

I am a sole trader planning to lease a unit on the high street. Can you recommend lawyers offering no-move-no costs for commercial conveyancing in Leamington Spa for under 1500k?

We can recommend firms who have specialist knowledge of commercial conveyancing in Leamington Spa, including the sale and acquisition of businesses as well as simply premises. If you are hoping to purchase or lease a shop, pub, restaurant, office, retail premises or a whole business we will find you the right solicitor. Regarding the costs these will vary based on the structure and complexity of the deal. Let us have your contact information or email us so that we may provide you with a detailed commercial conveyancing quote.

I am looking at a couple of flats in Leamington Spa both have approximately forty five years unexpired on the lease term. Will this present a problem?

There are plenty of short leases in Leamington Spa. The lease is a legal document that entitles you to use the premises for a period of time. As a lease gets shorter the marketability of the lease reduces and it becomes more expensive to acquire a lease extension. This is why it is advisable to extend the lease term. Sometimes it is difficulties arise selling premises with a short lease because mortgage lenders may be reluctant to lend money on properties of this type. Lease enfranchisement can be a difficult process. We advise that you get professional help from a solicitor and surveyor with experience in this area.

I am the registered owner of a 1st floor flat in Leamington Spa, 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? Comparable flats in Leamington Spa with over 90 years remaining are worth £216,000. The average or mid-range amount of ground rent is £50 levied per year. The lease runs out on 21st October 2095

With just 70 years unexpired we estimate the price of your lease extension to range between £9,500 and £11,000 as well as costs.

The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.

How easy is it to change a solicitor as I need to find a Leamington Spa based conveyancer who is on the lender conveyancing panel. Is it practical to instruct different lawyers?

In the event that you have not formally appointed a conveyancer to do anything for you and at this stage simply received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Leamington Spa that you're thinking of instructing.