I opted for a high street solicitor for our conveyancing in Park Hill today. Upon checking the terms of engagement I seewe are responsible for fees even if our purchase aborts. Should I go with them or instruct a web based conveyancing brokerage promoting no move no charge conveyancing in Park Hill?
It is usually a trade off in that if "No Sale No Fee" is advertised then the conveyancing charges will generally be more expensive to neutralise the transactions that do not proceed. Do bear in mind that such deals rarely cover disbursements e.g. Park Hill conveyancing search fees.
Despite weeks of looking the Title Certificate and documents to our house are lost. The conveyancers who dealt with the conveyancing in Park Hill 4 years ago are no longer around. Will I be able to sell the house?
You no longer need to hold title deeds to prove you are the registered proprietor of land or property, given that the Land Registry hold details of all registered land or property electronically.
Over the last few months I have been searching for a ground for flat up to £195,000 and identified one close by in Park Hill I like with open areas and station in the vicinity, however it's only got 61 years on the lease. There is not much else in Park Hill suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a mortgage that many years may be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
My business partner and I are hoping to lease a unit on a shopping parade. Can you recommend conveyancers offering no-move-no charges for non-domestic conveyancing in Park Hill for under £1,200?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Park Hill, including the sale and acquisition of businesses as well as simply premises. If you are looking to acquire or lease a shop, pub, restaurant, office, retail premises or a complete business we will find you the right firm. As for the charges this will depend on the structure and nuances of the proposed transaction. Please provide us with your details or phone so as to enable us to supply you with a detailed commercial conveyancing calculation.
I need to retain a conveyancing solicitor for purchase conveyancing in Park Hill. I happened to stumble upon a site which looks to be the ideal offering If it is possible to get all this stuff done via email that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am looking at a two flats in Park Hill both have in the region of 50 years left on the leases. should I be concerned?
There are no two ways about it. A leasehold flat in Park Hill is a deteriorating asset as a result of the reducing lease term. The nearer the lease gets to its expiry date, the more it reduces the marketability of the premises. The majority of purchasers and banks, leases with under 75 years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Park Hill conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
Leasehold Conveyancing in Park Hill - Examples of Queries Prior to buying
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Be sure to discover if there are any onerous prohibitions in the lease. For instance it is fairly common in Park Hill leases that pets are not allowed in in a block in Park Hill. If you love the propertyin Park Hill yet your dog is not allowed to live with you then you have a very difficult choice. It would be prudent to find out as much as possible regarding the company managing the block as they can either make life much easier or problematic. Being a leasehold owner you will be at the mercy of the managing agents both financially and when it comes to daily matters like the tidiness of the communal areas. Enquire of prospective neighbours if they are happy with them. On a final note, be sure you know the dates that you are obliged pay the service charge to the relevant party and specifically what it includes. What is the length of the lease?