My wife and I purchased a 4 bedroom Georgian property in Kearsley. Conveyancing practitioner represented me and Aldermore. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold under the matching address. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register for 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 Kearsley 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 purchasers. You can also check the position with the conveyancing solicitor who completed the work.
I am purchasing a new build house in Kearsley with the aid of help to buy. The developers would not budge the amount so I negotiated five thousand pounds worth of additionals instead. The property agent told me not disclose to my conveyancer about the deal as it will put at risk my loan with The Royal Bank of Scotland. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
In what way can the Landlord & Tenant Act 1954 impact my commercial premises in Kearsley and how can your lawyers assist?
The particular law that you refer to provides security of tenure to business lessees, granting the a statutory right to make a request to court for a new tenancy and remain in occupation at the end of an expired lease. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Kearsley is one of our hundreds of locations in which the firms we work with are located
In scouring the internet for the words on line conveyancing in Kearsley it shows results of many property lawyersin the vicinity. With so much choice what is the best way to find the suitable solicitor for the sale of my house?
The ideal way of seeking a suitable conveyancer is through a trusted referral, so seek the counsel of colleagues and those you trust who have acquired a property in Kearsley or a local estate agent or mortgage broker. Charges for conveyancing in Kearsley differ, so it's sensible to secure at least three quotes from varying types of companies. Make sure that you clarify what costs in the quote includes.
I have just started marketing my garden apartment in Kearsley. Conveyancing is yet to be initiated, but I have just had a half-yearly service charge invoice – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should pay the service charge as you normally would given that all ground rent and service payments should be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents 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 acquired a basement flat in Kearsley, conveyancing was carried out in 2008. 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? Comparable properties in Kearsley with over 90 years remaining are worth £186,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease runs out on 21st October 2077
With only 52 years left to run we estimate the premium for your lease extension to be between £29,500 and £34,000 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of detailed investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.
Why can't I complete my conveyancing in Kearsley on May bank holiday?
This is due to the fact that on completion the purchase price will pass between the banks of the buyer and owner’s lawyer and currently this can only occur on a working day. It is not possible to complete on a saturday or sunday either.