Can you explain why leasehold purchase conveyancing in Seaburn costs more?
The conveyancing charges for a leasehold property in Seaburn is often greater when contrasted to a freehold transaction. This is due to the supplemental work required in liaising with the freeholder and management company to collate the evidence about whether the rent and maintenance charges have been cleared and whether there are any significant expenditure in the near future on repairs or maintenance of the block.
My aunt passed away last year and as sole heir and executor I was left the house in Seaburn. The house had a relatively small loan left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to Bank of Ireland, pay off the mortgage. Is this possible?
Given you plan to refinance then Bank of Ireland will require that you use a conveyancer on the Bank of Ireland conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Bank of Ireland conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Bank of Ireland mortgage is registered as a charge at the Land Registry.
It has been 2 months since my purchase conveyancing in Seaburn took place. I have checked the Land Registry site which shows that I paid £200,000 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 property 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 am a sole trader planning to take an assignment of a lease of an office on the high street. Can you recommend lawyers offering fixed charges for non-domestic conveyancing in Seaburn for less than 2k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Seaburn, including the sale and purchase of businesses as well as simply premises. Whether you are intending to purchase or dispose of a shop, pub, restaurant, office, retail unit or a complete business we can find you the right firm. As for the fees this will depend on the structure and complexity of the proposed transaction. Please provide us with your details or phone so as to enable us to provide you with a fixed commercial conveyancing calculation.
Can you offer any advice when it comes to appointing a Seaburn conveyancing firm to carry out our lease extension conveyancing?
When appointing a solicitor for lease extension works (regardless if they are a Seaburn conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We advise that you make enquires with several firms including non Seaburn conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be helpful:
If they are not ALEP accredited then what is the reason?
I bought a studio flat in Seaburn, conveyancing formalities finalised in 2011. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable properties in Seaburn with a long lease are worth £195,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease finishes on 21st October 2082
With only 63 years unexpired we estimate the price of your lease extension to range between £16,200 and £18,600 plus costs.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed 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 taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.