Having been suggested to visit your web site we were going to go ahead with a conveyancing solicitor in Mancot found using your comparison tool but have come across some other estimates via the web seem cheaper – how come?
There are numerous websites promoting pretending to offer £99 conveyancing, but extracharges end up with the completion bill being escalated. Conveyancers are obliged to make sure that fees contained in terms of business should be honest and reasonable invoiced The conveyancers that we put forward for conveyancing in Mancot genuinely set out all legal fees for a standard conveyancing case.
We are planning to acquire a property and need a conveyancing solicitor in Mancot who is on the Santander conveyancing panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Santander . We don't recommend any particular firms conducting conveyancing in Mancot.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Mancot. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Mancot
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are architect prepared. There must be mutual enforceability of lessee’s covenants.
In what way can the Landlord & Tenant Act 1954 impact my commercial property in Mancot and how can you help?
The 1954 Act affords a safeguard to commercial leaseholders, granting the legal entitlement to make a request to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act for protection and handle your commercial conveyancing in Mancot
I am a negotiator for a long established estate agency in Mancot where we see a number of flat sales derailed due to leases having less than 80 years remaining. I have received contradictory information from local Mancot conveyancing solicitors. Could you clarify whether the seller of a flat can initiate the lease extension process for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I bought a leasehold flat in Mancot, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Mancot with an extended lease are worth £216,000. The ground rent is £50 levied per year. The lease finishes on 21st October 2091
With only 69 years left to run we estimate the price of your lease extension to span between £9,500 and £11,000 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously want to 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.