My friend's sister is a property lawyer. I am hopeful that I can be offered mate’s rates for conveyancing, However if that does not come through, what level of fees should I be paying for conveyancing in Atherstone?
It’s a good idea to get multiple conveyancing quotes. Do use our comparison tool on this page. The prices may vary but the service one can expect are distinct between conveyancers as is the case with the vast majority of professional services.
My relative suggested that where I am buying in Atherstone I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually quoted for as part of the standard Atherstone conveyancing searches. It is a large document of more than thirty pages, listing and setting out important information about Atherstone around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Atherstone Education with plans and statistics, Local Amenities and other useful data about Atherstone.
I am buying a new build flat in Atherstone. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Atherstone
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please supply a car parking plan. 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.
I was recommended by a number of estate agents in Atherstone to locate a conveyancer on your site. Is there a financial inducement for Estate Agents to market your lawyers rather than alternative conveyancing organisations?
We don’t offer any referral fee for pointing buyers and sellers to this site. We found it would be just too difficult to pay a commission because home movers will think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am looking at a two flats in Atherstone which have in the region of forty five years left on the lease term. Will this present a problem?
There is no doubt about it. A leasehold apartment in Atherstone is a wasting asset as a result of the shortening lease. The closer the lease gets to zero years unexpired, the more it adversely affects the value of the property. The majority of purchasers and lenders, leases with less than eighty years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Atherstone conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I am the registered owner of a 1 bedroom flat in Atherstone, conveyancing formalities finalised in 2002. Can you work out an approximate cost of a lease extension? Similar properties in Atherstone with a long lease are worth £180,000. The ground rent is £65 levied per year. The lease ceases on 21st October 2083
With 58 years remaining on your lease we estimate the price of your lease extension to span between £21,900 and £25,200 as well as professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account 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.
I am an executor of my recently deceased parent's Will, with a bungalow in Atherstone which will be sold. The house has never been registered at HMLR and I'm advised that some EAs will insist that it is done before they will move forward. What's the procedure for this?
In the circumstances that you have set out it seems prudent to apply to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. HMLR’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and official copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.