I am purchasing a house mortgage free in St Agnes. I have resided for the previous 15 years in St Agnes. Conveyancing searches are exorbitant. Given that I know the area and road intimately must I have all the conveyancing searches?
Provided that you do not need a home loan, then the vast majority of the St Agnes conveyancing searches are non-obligatory. Your lawyer will try and steer you, no-doubt strongly, that you should have searches completed, but she is duty bound to do this. Do bear in mind; if you are likely to sell the house one day, it will likely be be of relevance to your prospective purchaser what the searches contain. There are plenty of instances where premises with apparent issues can still throw up unfavourable search results. A competent conveyancing solicitor in St Agnes will be able to give you some sensible advice in this regard.
We are purchasing a property and require a conveyancing solicitor in St Agnes who is on the Coventry BS conveyancing panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Coventry BS . We don't recommend any particular firms conducting conveyancing in St Agnes.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what was supposed to be a simple, no chain conveyancing. St Agnes is where the house is located. Is there any advice you can give?
Flying freeholds in St Agnes are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in St Agnes you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in St Agnes 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 premises.
My business partner and I are wishing to take over a lease of an office on a shopping parade. Can you recommend lawyers offering fixed fees for non-domestic conveyancing in St Agnes for under 2k?
We can recommend firms who host a wealth of experience of commercial conveyancing in St Agnes, including the sale and acquisition of businesses as well as simply property. Whether you are hoping to purchase or lease a shop, pub, restaurant, office, retail premises or a complete business we can find you the right firm. Regarding the charges this will depend on the structure and terms of the proposed transaction. Please provide us with your contact information or call so as to enable us to furnish you with comprehensive commercial conveyancing quote.
I am employed by a reputable estate agent office in St Agnes where we have witnessed a number of leasehold sales jeopardised as a result of leases having less than 80 years remaining. I have been given contradictory information from local St Agnes conveyancing solicitors. Please can you shed some light as to whether the vendor of a flat can instigate the lease extension process for the buyer?
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 proposed purchaser can avoid having to wait 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.
An alternative approach is to agree the lease extension with the freeholder 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.
I bought a studio flat in St Agnes, conveyancing was carried out 4 years ago. 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? Similar properties in St Agnes with an extended lease are worth £185,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease runs out on 21st October 2082
You have 61 years remaining on your lease we estimate the price of your lease extension to range between £19,000 and £22,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.