I am buying a new build flat in New Inn. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in New Inn you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in New Inn.
I need some expedited conveyancing in New Inn as I am faced with a deadline to exchange contracts inside 2 weeks. A home loan is not required. Can I avoid the conveyancing searches to save fees and time?
As you are not taking a home loan you have the choice not to do searches although no conveyancer would suggest that you don't. With lots of history conveyancing in New Inn the following are examples of issues that can show up and therefore affect future saleability: Refused Planning Applications, Overdue Fees, Outstanding Grants, Road Schemes,...
I have a 4 bedroom Georgian property in New Inn. Conveyancing lawyer represented me and Nationwide Building Society. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold with the exact same address. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in New Inn and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with your conveyancing lawyer who carried out the work.
I am a sole trader looking to take over a lease of an office on a shopping parade. Can you recommend conveyancers offering no-move-no costs for commercial conveyancing in New Inn for under 1500k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in New Inn, including the sale and acquisition of businesses as well as simply property. Whether you are intending to purchase or lease a shop, pub, restaurant, office, retail premises or a complete business we can put you in touch with the right lawyer. As for the fees these will vary based on the structure and complexity of the deal. Let us have your details or phone us so that we may provide you with comprehensive commercial conveyancing calculation.
I only have 72 years unexpired on my flat in New Inn. I now wish to get lease extension but my freeholder is missing. What options are available to me?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be extended by the magistrate. You will be obliged to prove that you have made all reasonable attempts to track down the lessor. For most situations a specialist would be helpful to carry out a search and prepare a report to be used as proof that the freeholder can not be located. It is advisable to get professional help from a conveyancer both on devolving into the landlord’s disappearance and the vesting order request to the County Court overseeing New Inn.
I purchased a 2 bed flat in New Inn, conveyancing formalities finalised July 2008. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in New Inn with an extended lease are worth £192,000. The ground rent is £55 per annum. The lease runs out on 21st October 2075
You have 54 years remaining on your lease the likely cost is going to be between £32,300 and £37,400 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.