Is there a reason why leasehold purchase conveyancing in St Mawes costs more?
In short, leasehold conveyancing in St Mawes and Cornwall usually necessitates additional due diligence compared to freehold conveyancing. This includes analysing the lease terms, communicating with the landlord concerning serving applicable notices, procuring current service charge and management information, procuring the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first entered into.
How does conveyancing in St Mawes differ for newly converted properties?
Most buyers of new build premises in St Mawes approach us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is constructed. This is because builders in St Mawes tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in St Mawes or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a house in St Mawes in advance of retaining solicitors. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some mortgage companies will refuse to grant a loan on such a home.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. Should you wish to call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in St Mawes. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in St Mawes to see if the conveyancing costs will increase in light of this.
In what way can the Landlord & Tenant Act 1954 impact my business offices in St Mawes 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 continuation of occupancy when the lease reaches an end. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act for protection and handle your commercial conveyancing in St Mawes
My cousin has recommend that I use his conveyancing solicitors in St Mawes. Should I choose my own property lawyer?
No doubt it’s preferable to find a conveyancing solicitor is to seek guidance from friends or relatives who have experience in using the solicitor that you are are thinking of instructing.