My fiance’s step-father is a solicitor. I suspect that I will be offered preferential pricing for conveyancing, but if not, what level of fees should I be expecting for conveyancing in Shenley Church End?
Do compare pricing. Do use our search tool on this page. You will notice that amounts do vary but the service one can expect differ between solicitors as is true with the vast majority of professional services.
We note that you have a post code search directory listing firms on the Santander conveyancing panel. Do firms pay you a commission if I instruct them for our conveyancing in Shenley Church End?
We are a listing service only for law firms wishing to communicate if they are on the Santander conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Shenley Church End.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a quick, chain free conveyancing. Shenley Church End is the location of the property. Can you shed any light on this issue?
Flying freeholds in Shenley Church End are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Shenley Church End you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Shenley Church End may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
How can the Landlord & Tenant Act 1954 affect my commercial offices in Shenley Church End and how can you help?
The 1954 Act provides protection to business leaseholders, granting the legal entitlement to make a request to court for a continuation of occupancy when the lease comes to an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Shenley Church End is one of our numerous locations in which the firms we work with are located
I work for a busy estate agent office in Shenley Church End where we have experienced a number of leasehold sales put at risk as a result of leases having less than 80 years remaining. I have been given inconsistent advice from local Shenley Church End conveyancing firms. Please can you confirm whether the owner of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has been the owner 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 buyer 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 simultaneously with completion of the disposal of the property.
Alternatively, it may be possible 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.
Leasehold Conveyancing in Shenley Church End - Examples of Queries Prior to Purchasing
The best form of lease structure is where the freehold interest is in the ownership of the leaseholders. In this scenario the tenants enjoy control and notwithstanding that a managing agent is frequently employed where the building is bigger than a house conversion, the managing agent is directed by the tenants. If a Shenley Church End lease has no more than 80 years it will affect the value of the property. Check with your lender that they are willing to go ahead with the loan given the lease term. Leases with fewer than 80 years remaining means that you will most likely need a lease extension at some point and you need to have some idea of how much this will be. For most Shenley Church Endlease extensions you will need to own the premises for a couple of years before you are entitled to carry out a lease extension. In the main the cost for major works tend not to be included within service charges, although there some managing agents in Shenley Church End obliged leaseholders to pay into a sinking fund created for the specific intention of establishing a fund for major repairs or maintenance.