Why do I have to pay up front when it comes to conveyancing in Castle Cary?
Where you are retaining lawyers for conveyancing in Castle Cary your solicitor will request that you to provide them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. When the deposit is payable against the total price then this should be asked for immediately in advance of exchange of contracts. Any further balance that is due should be sent to your lawyer a few days ahead of the completion date.
Me and my brother purchased a terraced Georgian house in Castle Cary. Conveyancing solicitor acted for me and Yorkshire Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold with the matching property. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Castle Cary and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with the conveyancing solicitor who completed the work.
I have been on the look out for a flat up to £245,000 and identified one near me in Castle Cary I like with amenity areas and railway links nearby, the downside is that it's only got 61 years on the lease. There is not much else in Castle Cary suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you need a mortgage the remaining unexpired lease term may be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises 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 with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
How can the Landlord & Tenant Act 1954 impact my business property in Castle Cary and how can you help?
The particular law that you refer to gives protection to business tenants, giving them the legal entitlement to apply to court for a renewal lease and continue in occupation at the end of the lease term. There are limited grounds where a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and assist with commercial conveyancing in Castle Cary
In scouring the internet for the phrase conveyancing in Castle Cary it reveals many solicitorsin the vicinity. With so much choice what is the best way to find the right conveyancing solicitor for my move?
The ideal way of finding a suitable conveyancer is via trusted recommendation, so seek the counsel of friends and relatives who have acquired a property in Castle Cary or a reputable estate agent or mortgage broker. Costs for conveyancing in Castle Cary differ, so it's advisable to secure at least three fee calculations from different law firms. Be sure to secure confirmation that the fees are fixed.
What advice can you give us when it comes to appointing a Castle Cary conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a solicitor for your lease extension (regardless if they are a Castle Cary conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you make enquires with several firms including non Castle Cary conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be useful:
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What are the costs for lease extension work?
Leasehold Conveyancing in Castle Cary - Examples of Queries Prior to buying
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The prefered form of lease arrangement is a share of the freehold. In this arrangement the lessees benefit from control and although a managing agent is often retained if it is bigger than a house conversion, the managing agent acts for the leaseholders themselves. Is anyone aware of any major works anticipated that will add a premium to the service fees? It is important to be aware if changing the roof or some other significant cost is coming up to be shared amongst the leaseholders and may well materially impact the level of the service costs or require a one off payment.