Unfortunately I am unable to travel far from Bishop Auckland. Please spell out why all Bishop Auckland solicitors are not on all lender panels?
Even though it may seem unfair for mortgage companies to limit who can act for them, from the public’s or lawyer’s standpoint, the flip side is that banks are increasingly anxious and regard it vital to protect them from mortgage fraud. As a consequence of this concern lenders have consolidated their panel of approved conveyancing lawyers to a manageable size.
My wife and I purchased a renovated Georgian house in Bishop Auckland. Conveyancing practitioner acted for me and Godiva Mortgages Ltd. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold under the exact same property. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bishop Auckland and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with the conveyancing practitioner who carried out the work.
How does the Landlord & Tenant Act 1954 impact my commercial offices in Bishop Auckland and how can your lawyers assist?
The particular law that you refer to provides security of tenure to commercial leaseholders, giving them the a statutory right to make a request to court for a renewal lease and remain in occupation when the lease reaches an end. There are limited grounds that a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and help with commercial conveyancing in Bishop Auckland
We are 17 days into a residential purchase having been recommend to a firm by the local agent to handle our conveyancing in Bishop Auckland. We are not happy. Can you help me find new solicitors?
They would have to be really poor to suggest replacing them. Has the mortgage offer been sent? In the event that it has you need to advise them of the new contact details and ensure the mortgage documents are re-sent. Your new conveyancer should be on the lenders approved list to avoid supplemental costs and delays. That should be your first question of the new conveyancers. The find a solicitor tool will help you find a lender approved solicitor for your home move in Bishop Auckland
I am hoping to exchange soon on a basement flat in Bishop Auckland. Conveyancing solicitors assured me that they will have a report out to me tomorrow. What should I be looking out for?
The report on title for your leasehold conveyancing in Bishop Auckland should include some of the following:
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You would want to be sent a copy of the lease You should be told what constitutes a Nuisance as far as the lease is concerned Where does the liability rest to repair and maintain the block. It is essential for you to know who is duty bound to repair and maintenance of every part of the building The length of the lease term. You should be advised as what happens when the lease ends, and aware of the importance of the 80 year mark
I inherited a garden flat in Bishop Auckland, conveyancing was carried out April 2001. 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 Bishop Auckland with an extended lease are worth £202,000. The average or mid-range amount of ground rent is £60 per annum. The lease ceases on 21st October 2082
With only 56 years unexpired we estimate the price of your lease extension to be between £29,500 and £34,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.
What type of property do your Bishop Auckland conveyancing quotes apply to?
The quotes issued are only applicable to standard residential premises in England & Wales. Where you have any different needs for example industrial or agricultural land or commercial conveyancing in Bishop Auckland please telephone us to address your requirements .