It has been 3 months following my purchase conveyancing in Newbury Park completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

I've recently found out that there is a flying freehold element on a property I have offered on last month in what should have been a simple, no chain conveyancing. Newbury Park is the location of the property. Can you shed any light on this issue?

Flying freeholds in Newbury Park are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Newbury Park you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Newbury Park may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

My company is hoping to take an assignment of a lease of a shop on a shopping parade. Can you recommend lawyers offering no-move-no costs for non-domestic conveyancing in Newbury Park for less than 1500k?

We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Newbury Park, including the sale and purchase of businesses as well as simply property. Whether you are intending to acquire or sell a shop, pub, restaurant, office, retail unit or a complete business we can find you the right firm. Regarding the charges this will depend on the structure and terms of the proposed transaction. Let us have your contact information or call us so that we may furnish you with a detailed commercial conveyancing calculation.

Should I appoint a Newbury Park conveyancing lawyer who is local to the property I am hoping to buy? An old friend can deal with the conveyancing however they are based a couple of hundredmiles drive away.

The benefit of a high street Newbury Park conveyancing practice is that you can drop in to sign documents, present your identification documents and apply pressure on them if necessary. Having local Newbury Park know how is a bonus. However nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and in the main were content that must trump using an unfamiliar Newbury Park conveyancing lawyer just because they are based in the area.

I am hoping to put an offer on a small detached house that appears to meet my requirements, at a great figure which is making it more attractive. I have just been informed that it's a leasehold rather than freehold. I would have thought that there are issues purchasing a house with a leasehold title in Newbury Park. Conveyancing lawyers have are soon to be appointed. Will my lawyers set out the implications of buying a leasehold house in Newbury Park ?

The majority of houses in Newbury Park are freehold and not leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can help the conveyancing process. We note that you are purchasing in Newbury Park in which case you should be looking for a Newbury Park conveyancing solicitor and be sure that they are used to transacting on leasehold houses. First you will need to check the number of years remaining. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease comes with conditions such as requiring the freeholder’sconsent to conduct alterations. It may be necessary to pay a service charge towards the upkeep of the communal areas where the property is part of an estate. Your conveyancer will report to you on the legal implications.

Following months of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Newbury Park. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?

in cases where there is a absentee freeholder or where there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to arrive at the price.

An example of a Lease Extension matter before the tribunal for a Newbury Park property is 104 Coventry Road in July 2014. The Tribunal determined that the lease extension permium should be £22,896.15 This case related to 1 flat. The remaining number of years on the lease was 60.29 years.