I am obtaining a offer of a home loan from Santander. My intention is to enlist the help of a Licensed Conveyancer in Crowland. Does the Santander Conveyancing panel allow for Licensed Conveyancers?
The Santander approved solicitor list is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Do the conveyancing lawyers that you recommend execute conveyancing in Crowland by way of an attended exchange?
There are a few conveyancing experts who can conduct one day exchanges. Please e-mail us to receive a costs illustration and details as to availability.
I am the registered owner of a freehold premises in Crowland but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Crowland and has limited impact for conveyancing in Crowland but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
I am looking for a ground for flat up to £235,500 and found one close by in Crowland I like with a park and transport links in the vicinity, however it's only got 51 remaining years left on the lease. I can't really find anything else in Crowland suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
What does commercial conveyancing in Crowland cover?
Crowland conveyancing for business premises incorporates a broad array of guidance, provided by regulated solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
I’m about to sell my ground floor flat in Crowland. Conveyancing has not commenced, but I have just received a quarterly service charge invoice – Do I pay up?
The sensible thing to do is discharge the invoice as normal as all ground rent and service payments should be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I own a leasehold flat in Crowland, conveyancing was carried out half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Crowland with over 90 years remaining are worth £170,000. The ground rent is £50 per annum. The lease expires on 21st October 2104
You have 78 years remaining on your lease we estimate the premium for your lease extension to range between £7,600 and £8,800 as well as legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. 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 move forward based on this information before seeking the advice of a professional.