At what point can the exchange of contracts occur in sale conveyancing in Newton Aycliffe and am I required to attend the solicitors branch?
If you are round the corner to our conveyancing solicitors in Newton Aycliffe you are invited in to sign the paperwork. That being said, the firms we recommend supply a national conveyancing service and give just as diligent and professional a job for you when communicating with you by post or email. The executing of the purchase agreement is not the point of no return. A signed contract simply enables the firm to address the formalities when the time is right, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Newton Aycliffe)to be in the office available at the end of the phone to exchange contracts.
It has been three months following my purchase conveyancing in Newton Aycliffe concluded. I have checked the Land Registry site which shows that I paid £175,000 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 premises 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 have been on the look out for a ground for flat up to £195,000 and found one close by in Newton Aycliffe I like with a park and railway links nearby, however it's only got 49 years unexpired on the lease. I can't really find anything else in Newton Aycliffe suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a mortgage the remaining unexpired lease term will be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
In what way can the Landlord & Tenant Act 1954 impact my commercial premises in Newton Aycliffe and how can you help?
The 1954 Act affords protection to business leaseholders, giving them the legal entitlement to make a request to court for a continuation of occupancy when the lease reaches an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and handle your commercial conveyancing in Newton Aycliffe
Why is it not possible to complete my conveyancing in Newton Aycliffe on a bank holiday?
Because on completion the funds will pass between the banks of the purchaser and seller's property lawyer and at present this can only take place on a business day. So you can't complete on a weekend either.