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Recently asked questions about conveyancing in Preston

Is there a reason why leasehold purchase conveyancing in Preston is more expensive?

Preston leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.

Should commercial conveyancing searches disclose impending roadworks that could impact a commercial premises in Preston?

Many commercial conveyancing solicitors in Preston will carry out a SiteSolutions Highways report as it reduces the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Preston. The report 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 Preston.

For every commercial conveyancing transaction in Preston it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could cause delays to Preston commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Preston.

I opted to have a survey completed on a house in Preston ahead of appointing solicitors. I have been informed that there is a flying freehold element to the property. Our surveyor has said that some mortgage companies tend refuse to grant a mortgage on a flying freehold property.

It depends who your proposed lender is. Bank of Scotland has different instructions for example to Nationwide. If you e-mail us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Preston. Conveyancing will be smoother if you use a solicitor in Preston especially if they regularly deal with such properties in Preston.

I am thinking of appointing a conveyancing practitioner in Preston for my remortgage. Is there any facility to see a firm’s complaints history with the legal regulator?

Members of the public can search for presented Solicitor Regulator Association (SRA) decisions stemming from investigations from 2008 onwards. Go to Check a solicitor's record. For records about the period before 1 January 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, call +44 (0)121 329 6800. The SRA could recorded call for training reasons.

I am hoping to sign contracts shortly on a leasehold property in Preston. Conveyancing lawyers have said that they will have a report out to me tomorrow. What should I be looking out for?

The report on title for your leasehold conveyancing in Preston should include some of the following:

    Whether the lease restricts you from renting out the flat, or having a home office for business Will you be prohibited or prevented from having pets in the property? What options are available to the landlord where you are in breach of your lease terms? Who has the liability for maintaining the window frames An explanation as to the provision as set out in the lease to to contribute towards maintenance costs - in respect of the block, and the more general rights a lessee has
For details of the information to be contained in your report on your leasehold property in Preston please ask your solicitor in ahead of your conveyancing in Preston.

I am the registered owner of a first floor flat in Preston. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the premium due for a lease extension?

if there is a missing landlord or if there is dispute about the premium for a lease extension, under the relevant statutes it is possible to make an application to the Leasehold Valuation Tribunal to make a decision on the amount due.

An example of a Lease Extension decision for a Preston residence is Ground Floor Flat 79 London Road in September 2012. the Tribunal held that the premium payable for the lease extension should be £7,636 This case was in relation to 1 flat. The remaining number of years on the lease was 74 years.

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Find out more about how flying freehold can affect your the value of a property.