Is there a reason why leasehold purchase conveyancing in Guildford costs more?
In short, leasehold conveyancing in Guildford and elsewhere usually involve more work compared to freehold transactions. This includes checking the lease terms, liaising with the landlord concerning the service of required notices, securing current service charge and management information, procuring the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different leaseholders have owned the lease since it was first granted.
Will commercial conveyancing searches reveal proposed roadworks that could affect a commercial land in Guildford?
Many commercial conveyancing solicitors in Guildford will carry out a SiteSolutions Highways report as it reduces the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Guildford. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Guildford.
For each commercial conveyancing transaction in Guildford it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can cause delays to Guildford commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not ordered for residential conveyancing in Guildford.
Have completed on a a terraced house in Guildford , What is the estimated time for the Land Registry to register my ownership? My Guildford conveyancing solicitor has been very slow, so I want to check the land registry aspects are dealt with.
There is nothing unique when it comes to conveyancing in Guildford registration formalities. Rather than based on location, timeframes can adjust depending on who lodges the application, whether there are errors and if the Land registry communicate with any third persons or bodies. Currently approximately 80% of submission are completed in less than three weeks but occasionally there can be protracted hold-ups. Registration occurs after the purchaser is living at the premises thus 'speed' is not usually an essential issue but where it is urgent that the the registration takes place urgently then you or your solicitor can speak with the land registry and explain the circumstances.
I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what should have been a straight forward, chain free conveyancing. Guildford is where the house is located. Can you offer any advice?
Flying freeholds in Guildford are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Guildford you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Guildford may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Given that I am about to part with £400,000 on 3 bedroom house in Guildford I wish to have a conversation with the solicitor regarding theconveyancing ahead of instructing the firm. Is this something that you can arrange?
Absolutely - we would be delighted to talk to you we do not take any clients on without you liaising with the solicitor who will be doing your conveyancing in Guildford.There is no ‘factory style conveyancing’ - every client is an important individual, not a matter reference. The practices that we put you in touch with believe that the fees you are calculated and presented to you for residential conveyancing in Guildford should be the figure that you end up paying.
I am on look out for some leasehold conveyancing in Guildford. Before diving in I want to be sure as to the remaining lease term.
If the lease is registered - and almost all are in Guildford - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I inherited a 1st floor flat in Guildford, conveyancing having been completed half a dozen years ago. 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? Corresponding properties in Guildford with an extended lease are worth £192,000. The ground rent is £55 invoiced annually. The lease ends on 21st October 2079
With only 54 years remaining on your lease the likely cost is going to range between £32,300 and £37,400 as well as costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.