I have recentlybecome aware that Action Conveyancing have been shut down. They conducted my conveyancing in Long Itchington for a purchase of a freehold house 9 months ago. How can I establish that the property is registered correctly in the name of the previous owner?
The easiest method to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Long Itchington conveyancing specialists.
My company is planning to take over a lease of an office on a shopping parade. Can you recommend lawyers offering no-move-no charges for non-domestic conveyancing in Long Itchington for under 2k?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Long Itchington, including the sale and purchase of businesses as well as simply property. Whether you are looking to acquire or lease a shop, pub, restaurant, office, retail premises or a complete business we can put you in touch with the right lawyer. Regarding the charges these will vary based on the structure and nuances of the deal. Please provide us with your details or call so as to enable us to supply you with a detailed commercial conveyancing calculation.
My husband and I are first time buyers - agreed a price, but the agent advised that the owners will only proceed if we use the agent's recommended conveyancers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a local conveyancer with experience of conveyancing in Long Itchington
It is unlikely the vendors are driving this. If they want ‘a quick sale', alienating a genuine purchaser is counter productive. Speak to the owners direct and explain that (a)you are keen to buy (b)you are ready to go, with finances arranged © you have nothing to sell (d) you intend to proceed fast (e)but you intend to instruct your preferred Long Itchington conveyancing firm - not the ones that will give their negotiator at the agency a introducer fee or achieve conveyancing targets demanded by HQ.
I am attracted to a two flats in Long Itchington which have approximately fifty years remaining on the leases. Should I regard a short lease as a deal breaker?
There are no two ways about it. A leasehold apartment in Long Itchington is a wasting asset as a result of the shortening lease. The nearer the lease gets to zero years unexpired, the more it adversely affects the value of the property. For most buyers and lenders, leases with less than 75 years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Long Itchington conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I purchased a basement flat in Long Itchington, conveyancing formalities finalised September 2008. Can you work out an approximate cost of a lease extension? Comparable flats in Long Itchington with a long lease are worth £176,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease ceases on 21st October 2099
With just 80 years remaining on your lease the likely cost is going to be between £8,600 and £9,800 plus costs.
The figure above a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more detailed investigations. Do not use the figures 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. You should not take any other action based on this information before seeking the advice of a professional.
Why is it not possible to complete my conveyancing in Long Itchington on a public holiday?
This is due to the fact that on completion the money will pass between the banks of the buyer and seller's conveyancer and at present this can only take place on a working day. It is not possible to complete on a weekend either.