Would the conveyancing solicitors Indexed on your site handle auction conveyancing in Redcar?
We know of a number of niche solicitors we can connect you with those specialising in auction conveyancing. Redcar is one of the many locations where our lawyers are based.
I have 71 years remaining on my lease and need a lease extension for my flat in Redcar. Conveyancing solicitors on the Platform panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 1/6/2025 the requirements read as follows :
My colleague advised me that where I am buying in Redcar I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually quoted for as part of the standard Redcar conveyancing searches. It is a large document of more than thirty pages, listing and setting out important information about Redcar around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Redcar Education with maps and statistics, Local Amenities and other useful data concerning Redcar.
Do I need to be suspicious about third parties that I am dealing with are suggesting a factory type conveyancing firm rather than a local Redcar conveyancing company?
As with many professional services, often suggestions from connections can be worth their weight in gold. Yet there are many people with a vested interest in a conveyancing transaction; estate agents, mortgage brokers and lenders might all put forward conveyancers to use. On occasion these solicitors might be known to one of the organisations as experts in their field, but occasionally there may be a commercial relationship behind the endorsement. You have the discretion to select your own conveyancer. You need to be aware that most lenders have an approved list of conveyancers you have to use for the lender related work in your house move.
My step-father has suggested that I appoint his conveyancing solicitors in Redcar. Should I find my own conveyancer?
There are no two ways about it it’s preferable to select a conveyancing solicitor is to seek guidance from friends or family who have used the conveyancer that you are are thinking of instructing.
Can you provide any advice for leasehold conveyancing in Redcar with the aim of speeding up the sale process?
- Much of the delay in leasehold conveyancing in Redcar can be bypassed where you get in touch lawyers as soon as you market your property and request that they start to collate the leasehold information which will be required by the buyers’ solicitors. If there is a history of conflict with your landlord or managing agents it is essential that these are resolved prior to the flat being put on the market. The purchasers and their solicitors will be warry about purchasing a flat where a dispute is unsettled. You may need to swallow your pride and discharge any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the purchasers, but it is better to present the dispute as historic as opposed to unsettled. If you have carried out any alterations to the residence would they have required Landlord’s consent? Have you, for example laid down wooden flooring? Most leases in Redcar state that internal structural alterations or laying down wooden flooring require a licence from the Landlord approving such changes. Where you fail to have the paperwork in place you should not contact the landlord without checking with your solicitor before hand. A minority of Redcar leases require Licence to Assign from the landlord. If this is the case, it would be prudent to notify your estate agents to make sure that the purchasers put in hand financial (bank) and professional references. Any bank reference will need to confirm that the buyers are able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their solicitors. Many landlords or managing agents in Redcar charge for providing management packs for a leasehold premises. You or your lawyers should enquire as to the actual amount of the charges. The management information sought on or before finding a buyer, thus reducing delays. The average time it takes to receive management information is three weeks. It is the most usual reason for delay in leasehold conveyancing in Redcar.
I acquired a split level flat in Redcar, conveyancing formalities finalised 6 years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Redcar with over 90 years remaining are worth £190,000. The average or mid-range amount of ground rent is £45 levied per year. The lease comes to an end on 21st October 2087
You have 62 years unexpired the likely cost is going to span between £17,100 and £19,800 plus legals.
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 comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.