We are due to exchange on the purchase of a property in Martlesham Heath but as a consequence of wreckage from a small fire at the property I have managed to agree reparation from the vendor of £3k by way of a deduction in the price. This was going to be dealt with as part of a side agreement yet Bank of Ireland will not permit this. Why were they notified?
Your conveyancer being on a Bank of Ireland approved list is obliged to disclose to Bank of Ireland of any changes to the purchase price. If you were to refuse your conveyancer to disclose the reduction to Bank of Ireland then they would have to discontinue acting for you. In addition, Bank of Ireland and you would have to appoint a new conveyancing practitioner for your conveyancing in Martlesham Heath.
Why is leasehold purchase conveyancing in Martlesham Heath costs more?
The conveyancing fees for a leasehold property in Martlesham Heath is frequently more expensive when contrasted to a freehold property. This is because there is an amount of additional time necessary in corresponding with the freeholder and managing agents to obtain evidence concerning whether the rent and service fee have been cleared and whether there are any significant expenditure in the foreseeable future on repairs or maintenance of the block.
Should commercial conveyancing searches disclose impending roadworks that could impact a commercial property in Martlesham Heath?
Many commercial conveyancing solicitors in Martlesham Heath will conduct a SiteSolutions Highways report as it reduces the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Martlesham Heath. 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 Martlesham Heath.
For every commercial conveyancing transaction in Martlesham Heath it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could result in delays to Martlesham Heath commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not conducted for residential conveyancing in Martlesham Heath.
Given that I will soon spend over three hundred thousand on a two bedroom apartment in Martlesham Heath I wish to have a conversation with the conveyancer regarding thetransaction before instructing the firm. Can this be arranged?
Absolutely - it is our preference to talk to you we do not take any clients on without you speaking to the solicitor who will be carrying out your property ownership legalities in Martlesham Heath.There is no ‘factory style conveyancing’ - each client is an important person, not a file reference. The solicitors that we put you in touch with believe that the figure you are quoted for residential conveyancing in Martlesham Heath should be the figure that you are charged.
My partner and I may need to let out our Martlesham Heath ground floor flat for a while due to a new job. We instructed a Martlesham Heath conveyancing firm in 2001 but they have closed and we did not think at the time get any advice as to whether the lease permits subletting. How do we find out?
Some leases for properties in Martlesham Heath do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord is not entitled to unreasonably withhold but, in such cases, they would need to review references. Experience dictates 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 consent.
I am the registered owner of a ground floor flat in Martlesham Heath, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Martlesham Heath with a long lease are worth £216,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease finishes on 21st October 2094
With 69 years left to run we estimate the price of your lease extension to range between £9,500 and £11,000 as well as costs.
The figure above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.
I am an executor of my recently deceased mother’s Will, with a bungalow in Martlesham Heath which will be marketed. The bungalow is unregistered at the Land Registry and I'm told that some estate agents will insist that it is in place before they will proceed. What's the mechanism for this?
In the situation you refer to it seems prudent to seek to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. HMLR’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and official copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.