I am acquiring an apartment in Newton Aycliffe. My Conveyancer has never been on on the lender approved list. Am I still permitted to use my Newton Aycliffe conveyancing solicitor notwithstanding that they are excluded from the lender list of approved lawyers?
One must appoint a solicitor to complete the formalities if you take out a loan to buy your home. The solicitor will conduct all the appropriate legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the required mortgage paperwork is in place. You may appoint a Newton Aycliffe lawyer of your choice. However, where the solicitor appointed is not on the mortgage company conveyancing panel further costs will be levied as separate legal representation will be required by them. Lender panel applications may be submitted, so where your solicitor has not in the past sought membership they should take the chance to apply.
Will commercial conveyancing searches reveal proposed roadworks that could affect a commercial premises in Newton Aycliffe?
Its becoming the norm that commercial conveyancing solicitors in Newton Aycliffe will perform a SiteSolutions Highways report as it reduces the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Newton Aycliffe. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Newton Aycliffe.
For every commercial conveyancing transaction in Newton Aycliffe it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could result in delays to Newton Aycliffe commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Newton Aycliffe.
In what way can the Landlord & Tenant Act 1954 affect my business premises in Newton Aycliffe and how can your lawyers assist?
The 1954 Act provides a safeguard to business tenants, giving them the dueness to make a request to court for a new lease and continue in occupation at the end of an expired lease. There are limited grounds where a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and handle your commercial conveyancing in Newton Aycliffe
In my capacity as executor for the will of my uncle I am disposing of a residence in Newport but I am based in Newton Aycliffe. My solicitor (who is 300 miles from meneeds me to execute a stat dec before completion. Could you suggest a conveyancing lawyer in Newton Aycliffe to attest and place their company stamp on the document?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are Newton Aycliffe based
I am a negotiator for a long established estate agency in Newton Aycliffe where we have experienced a number of leasehold sales jeopardised due to leases having less than 80 years remaining. I have been given contradictory information from local Newton Aycliffe conveyancing solicitors. Could you shed some light as to whether the seller of a flat can initiate the lease extension process for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I am the registered owner of a basement flat in Newton Aycliffe, conveyancing was carried out 10 years ago. Can you work out an approximate cost of a lease extension? Comparable properties in Newton Aycliffe with a long lease are worth £202,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease ceases on 21st October 2077
You have 56 years left to run we estimate the premium for your lease extension to be between £29,500 and £34,000 plus professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.