Last December we completed a house move in Studley. We have noticed several problems with the property which we believe were omitted in the conveyancing searches. Is there anything we can do? Can you clarify the type of searches that needed to have been carried out as part of conveyancing in Studley?
It is not clear from the question as to the nature of the problems and if they are relate to conveyancing in Studley. Conveyancing searches and investigations initiated as part of the buying process are supposed to help avoid problems. As part of the legal transfer of property, a property owner completes a form known as a Seller’s Property Information Form. If the information is incorrect, you may have a misrepresentation claim against the owner for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Studley.
Can I use your services to find a Conveyancing solicitor in Studley even where I’m not purchasing or selling a house, for example where I intend to acquire an office in Studley with a mortgage from Leeds Building Society?
Our comparison service is predominantly utilised to help choose residential conveyancing solicitors in Studley but we have listed towards the bottom of this page a selection of Studley commercial conveyancing firms. You will need to speak with the solicitors directly to see if they can also act for Leeds Building Society
I am looking for a ground for flat up to £235,500 and identified one close by in Studley I like with open areas and transport links nearby, the downside is that it's only got 52 years on the lease. There is not much else in Studley in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a mortgage that many years will be problematic. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you may ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.
I'm converting the mortgage on my current home to a BTL loan with Norwich and Peterborough Building Society and intend to use the remaining equity towards another house. The area we are looking at is Studley. Will your lawyers be able to act for both sets of mortgage companies and link together the two deals?
Make use of our search tool on this page to check that the solicitors are approved by both lenders. Having checked that they are the solicitor will be able to simultaneously deal with the two transactions but you should have a chat with you conveyancer and make clear your expectations and needs.
If all goes to plan we aim to complete the disposal of our £125,000 flat in Studley next week. The freeholder has quoted £408 for Landlord’s certificate, insurance certificate and previous years service charge statements. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Studley?
Studley conveyancing on leasehold flats ordinarily results in administration charges levied by managing agents :
Completing pre-contract enquiries
Where consent is required before sale in Studley
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Studley Conveyancing for Leasehold Flats - Examples of Queries Prior to buying
It is important to be aware whether fixing the lift or some other major work is anticipated that will be shared by the tenants and will dramatically increase the the service costs or necessitate a one time invoice. This question is helpful as a) areas can cause problems for the block as the common areas may start to deteriorate if repairs remain unpaid b) if the leaseholders have a dispute with the managing agents you will need to know about it The majority of Studley leasehold flats will incur a service bill for the upkeep of the building levied by the freeholder. If you buy the flat you will have to meet this liability, normally quarterly during the year. This can vary from several hundred pounds to thousands of pounds for buildings with lifts and large common areas. In all probability there will be a rentcharge to be met annual, ordinarily this is not a exorbitant sum, say about £50-£100 but you need to check it because sometimes it could be many hundreds of pounds.