The Great Shelford conveyancing lawyers that just started acting on my purchase in Great Shelford have without warning shut down. They were on acting for me because I had to have a lawyer on the UBS conveyancing panel and my previous Great Shelford lawyer was not. I paid them funds in advance. What do I do now?
If you have an estate agent involved then let them know straight away so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the UBS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to help.
I appreciate that there are debates on Chancel Insurance on online forums. Do I require chancel insurance when purchasing a residence in Great Shelford? or I am told that there is a law dating back centuries that means some homeowners residing in a parish church boundary may be liable to contribute towards maintenance towards the chancel within the church. Is this relevant for conveyancing in Great Shelford?
Unless a previous purchase of the premises completed post 12 October 2013 you may expect solicitors handling conveyancing in Great Shelford to continue to advocate a chancel search and or insurance against a claim.
I am buying a new build flat in Great Shelford. Conveyancing is a frightening process 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 are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Great Shelford
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please confirm the Lease plans are surveyor prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision. 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.
In what way can the Landlord & Tenant Act 1954 affect my business property in Great Shelford and how can you help?
The 1954 Act gives a safeguard to commercial leaseholders, giving them the dueness to apply to court for a new tenancy and remain in occupation when the lease comes to an end. There are limited grounds that a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Great Shelford is one of the many areas of the UK in which our lawyers have offices
I am intending to sublet my leasehold flat in Great Shelford. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?
Some leases for properties in Great Shelford do contain a provision to say that subletting is only allowed with permission. The landlord cannot unreasonably refuse but, in such cases, they would need to review references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
I purchased a basement flat in Great Shelford, conveyancing was carried out half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Great Shelford with an extended lease are worth £180,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease ends on 21st October 2085
With only 59 years unexpired the likely cost is going to be between £20,900 and £24,200 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.
I am purchasing a house with all finances in place. I have provided conveyancer with two distinct evidence of photographic ID, bank statement, multiple utility bills. Now he wants a copy from a probate lawyer advising that the money is in order and that it has come from inheritance and not dealing E's in Ibiza.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Great Shelford conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.