I need some quick conveyancing in Arnside as I have pressure to complete inside 2 weeks. A mortgage is not required. Is it possible to avoid the conveyancing searches to save fees and time?
As you are are a mortgage free buyer you are at free not to have searches carried out although no solicitor would advise that you don't. Drawing on our experience of conveyancing in Arnside the following are examples of what can crop up and adversely affect market value: Enforcement Notices, Outstanding Charges, Overdue Grants, Road Schemes,...
About to purchase a new build flat in Arnside. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Arnside
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply a car parking plan.
I decided to have a survey completed on a house in Arnside prior to appointing lawyers. I have been informed that there is a flying freehold element to the property. The surveyor advised that some lenders will refuse to grant a mortgage on such a home.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. If you e-mail us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Arnside. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Arnside to see if the conveyancing will be more expensive.
How can the Landlord & Tenant Act 1954 impact my business property in Arnside and how can your lawyers assist?
The 1954 Act affords a safeguard to commercial leaseholders, granting the dueness to make a request to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and help with commercial conveyancing in Arnside
Having had my offer accepted I require leasehold conveyancing in Arnside. Before I get started I require certainty as to the unexpired term of the lease.
If the lease is registered - and almost all are in Arnside - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I inherited a 1 bedroom flat in Arnside, conveyancing having been completed in 2012. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Arnside with a long lease are worth £181,000. The average or mid-range amount of ground rent is £55 per annum. The lease ends on 21st October 2077
With just 51 years unexpired the likely cost is going to range between £30,400 and £35,200 plus 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 the actual costs in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.
At what point do I cover the costs of the Stamp Duty Land Tax chargeable for my purchase in Arnside?
The majority of solicitors tend to fill out a stamp duty return on your behalf as part of your Arnside purchase transaction for you to sign. After completion your lawyer will submit the STL application to the Tax Authorities and - as long as they have the funds - settle any tax bill liability for you.