Are the BSA planning on creating a searchable register to list solicitors on the Melton Mowbray Building Society conveyancing panel for instance in Penryn?
We are not aware of any plans on the part of the BSA to promote such a register.
Should commercial conveyancing searches disclose impending roadworks that may impact a commercial premises in Penryn?
Its becoming the norm that commercial conveyancing solicitors in Penryn will carry out 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 Penryn. The search result provides definitive information 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 Penryn.
For every commercial conveyancing transaction in Penryn 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 may cause delays to Penryn commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Penryn.
three months have elapsed since my purchase conveyancing in Penryn completed. I have checked the Land Registry site 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 have been sourcing a conveyancing practitioner in Penryn for my home move. Can I review a firm’s complaints history with the profession’s regulator?
Members of the public can see published Solicitor Regulator Association (SRA) decisions resulting from investigations from 2008 onwards. Visit Check a solicitor's record. For records Pre 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, use +44 (0)121 329 6800. The regulator sometimes recorded call for training reasons.
I wish to let out my leasehold flat in Penryn. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?
Some leases for properties in Penryn do contain a provision to say that subletting is only allowed with permission. The landlord is not entitled to unreasonably refuse but, in such cases, they would need to review references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
I purchased a split level flat in Penryn, conveyancing having been completed March 2007. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Penryn with an extended lease are worth £197,000. The ground rent is £55 levied per year. The lease ends on 21st October 2078
With just 56 years unexpired the likely cost is going to range between £29,500 and £34,000 plus costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.