Why is leasehold purchase conveyancing in St Luke's costs more?
In short, leasehold conveyancing in St Luke's and elsewhere usually involve additional hours of investigation compared to freehold conveyancing. This includes reviewing the lease, corresponding with the landlord about the service of required notices, obtaining up-to-date service charge and management information, procuring the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different leaseholders have owned the lease since it was first granted.
I am close to exchanging contracts on the sale of our home in St Luke's and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. A local conveyancer would know that there is no such problem. It does beg the question why the buyers used a factory type conveyancing practice as opposed to a conveyancing solicitor in St Luke's. Having lived in St Luke's for 5 years we know of no issue. Should we contact our local Authority to obtain confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I used Stirling Law several years ago for my conveyancing in St Luke's. I now require my papers however the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in St Luke's of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in St Luke's differ for new build properties?
Most buyers of new build premises in St Luke's approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is built. This is because new home sellers in St Luke's tend to buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in St Luke's or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a house in St Luke's in advance of instructing lawyers. I have been told that there is a flying freehold overhang to the property. The surveyor has said that some banks tend refuse to issue a loan on a flying freehold property.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Birmingham Midshires. If you call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in St Luke's. Conveyancing will be smoother if you use a solicitor in St Luke's especially if they are familiar with such properties in St Luke's.
I am a sole trader intending to lease a unit on the high street. Can you recommend solicitors offering competitive fees for non-domestic conveyancing in St Luke's for below £2000?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in St Luke's, including the disposal and acquisition of businesses as well as simply premises. If you are hoping to purchase or lease a shop, pub, restaurant, office, retail unit or a whole business we can find you the right firm. As for the fees this will depend on the structure and nuances of the deal. Please provide us with your details or telephone so as to enable us to supply you with a detailed commercial conveyancing calculation.