Can the conveyancing practitioners identified via your search app perform right to buy conveyancing in Smethwick?
We have identified a variety of conveyancing specialists who can conduct right to buy transactions Do call the lawyers listed to get a costs illustration.
five months have elapsed since my purchase conveyancing in Smethwick took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. 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 premises 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 looking for a leasehold apartment up to £195,000 and identified one near me in Smethwick I like with a park and station nearby, the downside is that it's only got 51 years unexpired on the lease. I can't really find anything else in Smethwick in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a mortgage the shortness of the lease will likely be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
How can the Landlord & Tenant Act 1954 affect my business property in Smethwick and how can your lawyers assist?
The particular law that you refer to gives a safeguard to business tenants, giving them the legal entitlement to make a request to court for a new tenancy and remain in occupation at the end of an expired lease. There are limited grounds where a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Smethwick is one of our many areas of the UK in which our lawyers are based
I've found a house that appears to tick a lot of boxes, at a great figure which is making it all the more appealing. I have since been informed that the title is leasehold as opposed to freehold. I am assuming that there are particular concerns purchasing a leasehold house in Smethwick. Conveyancing solicitors have are soon to be instructed. Will they explain the issues?
Most houses in Smethwick are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. it is apparent that you are buying in Smethwick so you should seriously consider looking for a Smethwick conveyancing practitioner and check that they have experience in advising on leasehold houses. First you will need to check the unexpired lease term. Being a leaseholder you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example requiring the landlord’sconsent to carry out alterations. You may also be required to pay a service charge towards the maintenance of the estate where the property is part of an estate. Your conveyancer should report to you on the legal implications.
I bought a garden flat in Smethwick, conveyancing was carried out 10 years ago. How much will my lease extension cost? Similar flats in Smethwick with over 90 years remaining are worth £180,000. The ground rent is £65 charged once a year. The lease runs out on 21st October 2080
With 59 years remaining on your lease the likely cost is going to span between £20,900 and £24,200 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.