Would the conveyancing lawyers to be found on your site conduct auction conveyancing in Montpelier?

There are a few niche solicitors we can connect you with those specialising in auction conveyancing. Montpelier is just one of hundreds of areas of in which our lawyers cover.

The Montpelier conveyancing lawyers that I recently instructed on my house acquisition in Montpelier have without warning closed. They were on acting for me because I needed a solicitor on the Santander conveyancing panel and my previous Montpelier lawyer was not. I paid them funds in advance. What should be my next steps?

Assuming that you have an Estate Agent in the equation then let them know immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Santander conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to help.

Should our conveyancer be raising questions regarding flooding as part of the conveyancing in Montpelier.

The risk of flooding is if increasing concern for lawyers dealing with homes in Montpelier. Plenty of people will acquire a house in Montpelier, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or sell the property. There are steps that can be taken during the course of a house purchase to forewarn the buyer.

Solicitors are not qualified to impart advice on flood risk, however there are a various searches that can be carried out by the purchaser or by their conveyancers which should figure out the risks in Montpelier. The standard information supplied to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) contains a usual inquiry of the vendor to find out whether the premises has historically flooded. If flooding has previously occurred and is not disclosed by the seller, then a buyer may commence a compensation claim resulting from an inaccurate reply. The buyer’s lawyers will also conduct an enviro search. This will disclose whether there is a recorded flood risk. If so, additional investigations will need to be carried out.

Are there restrictive covenants that are commonly picked up during conveyancing in Montpelier?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Montpelier. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I am tempted by the attractive purchase price for a couple of apartments in Montpelier both have about fifty years unexpired on the leases. Will this present a problem?

There are plenty of short leases in Montpelier. The lease is a legal document that entitles you to use the property for a period of time. As the lease gets shorter the value of the lease deteriorates and it becomes more costly to acquire a lease extension. This is why it is generally wise to increase the term of the lease. Sometimes it is difficult to sell a property with a short lease as mortgage companies may be unwilling to lend money on properties of this type. Lease enfranchisement can be a protracted process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this field.

I acquired a garden flat in Montpelier, conveyancing formalities finalised November 1995. How much will my lease extension cost? Corresponding properties in Montpelier with over 90 years remaining are worth £265,000. The ground rent is £50 invoiced annually. The lease runs out on 21st October 2099

With just 75 years unexpired the likely cost is going to span between £8,600 and £9,800 plus professional fees.

The figure above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional 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 placing reliance on this information without first getting professional advice.