We see that you have a post code search directory listing firms on the Yorkshire BS conveyancing panel. Do firms pay you a commission if I retain them for our own conveyancing in New Invention?

We are a listing service only for law firms wishing to communicate if they are on the Yorkshire BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in New Invention.

Please explain the implications if my lawyer’s firm is removed from the TSB Solicitor panel ahead of completing my conveyancing in New Invention?

The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.

What does commercial conveyancing in New Invention cover?

New Invention conveyancing for business premises incorporates a wide array of services, provided by regulated solicitors, relating to business property. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.

I am on look out for some leasehold conveyancing in New Invention. Before I get started I would like to find out the unexpired term of the lease.

If the lease is recorded at the land registry - and almost all are in New Invention - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I invested in buying a 1st floor flat in New Invention, conveyancing formalities finalised December 2007. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in New Invention with a long lease are worth £222,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease terminates on 21st October 2096

You have 71 years remaining on your lease the likely cost is going to span between £9,500 and £11,000 plus costs.

The figure above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.

I am planning to acquire a property and need a conveyancing solicitor in New Invention who is on the bank conveyancing panel. Can you recommend a New Invention or local firm?

Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the bank who conduct conveyancing in New Invention. We dont recommend any particular solicitor.