After looking at online forums for a high-quality solicitor in Petworth, many post that I should instruct a CQS accredited solicitor. What is CQS?
Petworth Conveyancing Quality Scheme practices have obtained certification under the Law Society's Scheme (CQS) The Law Society established CQS to establish evidence of quality standards in the in the legal transfer of properties. CQS helps home movers to recognise practices who provide a quality residential conveyancing. Petworth is one of locations in England and Wales in which CQS are based. The scheme obliges solicitors to undergo a strict assessment, compulsory training, self-reporting, random audits and yearly assessments in order to maintain CQS status. It is available to solicitors and not licensed conveyancers and has the support of the Council of Mortgage Lenders.
four months have elapsed following my purchase conveyancing in Petworth took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a simple, chain free conveyancing. Petworth is the location of the property. Can you offer any opinion?
Flying freeholds in Petworth are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Petworth you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Petworth may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am a sole trader looking to take over a lease of a shop on a shopping parade. Can you recommend solicitors offering competitive costs for non-domestic conveyancing in Petworth for less than 1500k?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Petworth, including the disposal and purchase of businesses as well as simply property. If you are hoping to buy or dispose of a shop, pub, restaurant, office, retail unit or a whole business we will find you the right lawyer. As for the fees these will vary based on the structure and heads of terms of the deal. Let us have your details or email us so that we may furnish you with comprehensive commercial conveyancing calculation.
I am attracted to a couple of maisonettes in Petworth which have approximately forty five years remaining on the lease term. Do I need to be concerned?
There are plenty of short leases in Petworth. The lease is a legal document that entitles you to use the property for a period of time. As a lease shortens the saleability of the lease deteriorates and it becomes more costly to acquire a lease extension. For this reason it is often a good idea to extend the lease term. Sometimes it is difficult to sell a property with a short lease as mortgage companies may be unwilling to lend money on properties of this type. Lease enfranchisement can be a difficult process. We advise that you seek professional help from a solicitor and surveyor with experience in this arena.
I bought a leasehold flat in Petworth, conveyancing having been completed July 2011. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Petworth with over 90 years remaining are worth £260,000. The average or mid-range amount of ground rent is £45 per annum. The lease comes to an end on 21st October 2100
With only 75 years remaining on your lease the likely cost is going to be between £8,600 and £9,800 plus professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.
I have read on various online forums that before choosing a conveyancing solicitors they need approved by your mortgage company. I am a FTB but I have an AIP with Birmingham Midhshires and I already have a high street conveyancing solicitor in Petworth at the ready. Will Birmingham Midhshires insist on an approved lawyer to be used? Does a directory of approved firms even exist so I can pick a conveyancing lawyer in Petworth?
You should use a solicitor that is on the Birmingham Midhshires panel. Simply telephone your preferred Petworth conveyancing lawyer and ask if they are on the Birmingham Midhshires panel. If they are not on the panel you have numerous options open to you here:
- Carry on with your chosen Petworth conveyancing practitioner but Birmingham Midhshires will need to use a property lawyer on their conveyancing panel. This will result in additional fees and potential interruption.
- Appoint a fresh property lawyer to conduct the conveyancing, not forgetting to check that they are on the Birmingham Midhshires conveyancing panel.
- Convince your conveyancer to seek to join the lender panel.