Please could you recommend a Alliance & Leicester allowed Padstow conveyancing lawyer finish our house move within two weeks? Am I best advised to go for a local Padstow firm or a web based firm?
We can recommend some very good Padstow conveyancing firms. Another option is to visit the main road in Padstow. Approach two or three firms and ask to see a conveyancing solicitor for a costs illustration. Discuss your requirements together with your reasons and get a commitment on your deadline. Select the lawyer that appears most efficient.
Why is leasehold purchase conveyancing in Padstow is more expensive?
Padstow leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
My wife and I own a terraced Edwardian property in Padstow. Conveyancing practitioner represented me and Santander. I did a free Land Registry search last week and I saw two entries: one for freehold, the second leasehold with the matching address. I thought I was buying a freehold how can I check?
You should 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Padstow 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 mortgage companies. You can also question the position with your conveyancing practitioner who conducted the purchase.
What does commercial conveyancing in Padstow cover?
Padstow conveyancing for business premises covers a wide range of services, given by qualified solicitors, relating to business property. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
We're first time buyers - had an offer accepted, but the agent advised that the owners will only proceed if we appoint the agent's preferred solicitors as they are insisting on a ‘quick sale’. We would rather use a high street conveyancer accustomed to conveyancing in Padstow
We suspect that the owner is unaware of this ultimatum. If they desire ‘a quick sale', turning down a motivated buyer is is going to put the whole deal at risk. Bypass the agents and go straight to the owners and explain that (a)you are serious purchasers (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)but you are going to use your own,trusted Padstow conveyancing firm - not the ones that will provide their negotiator at the agency a referral fee or achieve conveyancing thresholds demanded by HQ.
All being well we will complete the sale of our £225,000 apartment in Padstow next Monday. The landlords agents has quoted £396 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Padstow?
Padstow conveyancing on leasehold flats more often than not necessitates the buyer’s conveyancer submitting questions for the landlord to address. Although the landlord is not legally bound to answer these enquiries the majority will be willing to do so. They are entitled to invoice a reasonable administration fee for answering enquiries or supplying documentation. There is no set fee. The average fee for the information that you are referring to is £350, in some situations it is above £800. The management information fee invoiced by the landlord must be accompanied by a summary of rights and obligations in respect of administration fees, otherwise the charge is technically not due. In reality you have little option but to pay whatever is requested of you should you wish to exchange contracts with the buyer.
I purchased a ground floor flat in Padstow, conveyancing formalities finalised June 1996. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Padstow with a long lease are worth £191,000. The ground rent is £55 per annum. The lease comes to an end on 21st October 2079
With 53 years remaining on your lease the likely cost is going to span between £27,600 and £31,800 plus 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 cannot give you the actual costs in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.