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Recently asked questions about conveyancing in Niton

Are you able to suggest a Virgin Money approved Niton conveyancing conveyancer who can have us moved in within two weeks? Would it be better to use a high street Niton conveyancer or a web based comparison site?

We can recommend some very good Niton conveyancing firms. Another option is to visit the high street in Niton. Go in to some well established law practices and ask to speak with a conveyancing solicitor for a costs illustration. Discuss your requirements together with the reasons and get an assurance on speed. Select the lawyer that genuine.

I have been told that property searches are the main cause of stalling in Niton conveyancing transactions. Is this right?

The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of hindrances during the legal transfer of property. Local searches are not likely to feature in any delay in conveyancing in Niton.

How does conveyancing in Niton differ for new build properties?

Most buyers of new build premises in Niton come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is constructed. This is because developers in Niton usually buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Niton or who has acted in the same development.

In what way does the Landlord & Tenant Act 1954 affect my commercial premises in Niton and how can your lawyers assist?

The particular law that you refer to provides protection to business leaseholders, granting the legal entitlement to apply to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Niton is one of our numerous areas of the UK in which the firms we work with have offices

What advice can you give us when it comes to choosing a Niton conveyancing firm to deal with our lease extension?

When appointing a conveyancer for your lease extension (regardless if they are a Niton conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of work. We recommend that you speak with several firms including non Niton conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be helpful:

    How familiar is the practice with lease extension legislation? What volume of lease extensions has the firm completed in Niton in the last year?

I inherited a ground floor flat in Niton, conveyancing was carried out March 2011. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Niton with a long lease are worth £186,000. The average or mid-range amount of ground rent is £55 yearly. The lease ends on 21st October 2077

With 52 years left to run the likely cost is going to range between £29,500 and £34,000 plus plus your own and the landlord's "reasonable" professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. You should 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 should be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.

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