Do banks and building societies provide you with an approved list of Huntingdon conveyancing solicitors? How do you know who is on the Clydesdale conveyancing panel?
Huntingdon conveyancing firms themselves provide us confirmation that they are on the Clydesdale conveyancing panel as opposed to being supplied with a list from Clydesdale directly.
Are there restrictive covenants that are commonly identified as part of conveyancing in Huntingdon?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Huntingdon. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Just had an offer accepted on a new build flat in Huntingdon. 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 legal work.
Set out below is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Huntingdon
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan. There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I have been on the look out for a flat up to £305k and found one round the corner in Huntingdon I like with amenity areas and transport links in the vicinity, however it only has 61 remaining years left on the lease. I can't really find anything else in Huntingdon for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a home loan the remaining unexpired lease term will likely be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of twenty four months 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 and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
I am a sole trader looking to lease a unit on the high street. Can you recommend lawyers offering no-move-no costs for commercial conveyancing in Huntingdon for under £2000?
We can recommend firms who host a wealth of experience of commercial conveyancing in Huntingdon, including the disposal and acquisition of businesses as well as simply premises. If you are hoping to acquire or dispose of a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right solicitor. As for the fees these will vary based on the structure and complexity of the deal. Please provide us with your details or telephone so as to enable us to furnish you with a fixed commercial conveyancing calculation.
Expecting to complete next month on a studio apartment in Huntingdon. Conveyancing solicitors assured me that they will have a report out to me on Monday. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Huntingdon should include some of the following:
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What options are open to you if an adjoining owner breaches a clause of their lease? You should have a good understanding of the insurance requirements You must be told what counts as a Nuisance as far as the lease is concerned The unexpired lease term. You should receive guidance as what happens when the lease ends, and informed of the importance of the 80 year mark Information concerning the obligations as set out in the lease to to contribute towards maintenance costs - in relation to the building, and the wider rights a lessee enjoys
I bought a basement flat in Huntingdon, conveyancing formalities finalised November 2008. How much will my lease extension cost? Equivalent properties in Huntingdon with over 90 years remaining are worth £171,000. The average or mid-range amount of ground rent is £50 levied per year. The lease runs out on 21st October 2104
With just 79 years left to run we estimate the price of your lease extension to be between £8,600 and £9,800 as well as professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.