I am not in a position to travel far from St Neots. Please clarify why all St Neots lawyers aren't automatically on all mortgage company panels?
Even though it may seem unfair for mortgage companies to limit who can act for them, from the public’s or lawyer’s perspective, the the contrary view is that mortgage companies are becoming ever more anxious and feel it crucial to protect them against mortgage fraud. As a result of this concern lenders are limiting their panel of approved conveyancing lawyers to a manageable size.
Having sold my house in St Neots last February but our buyer keeps e-mailing me to say his solicitor is waiting to hear from mine. What should have happened now that I have sold?
Following your sale your lawyer is committed to forward the transfer documentation and all of the paperwork to the purchaser's conveyancer. Depending on the transaction, your lawyer must also evidence that the mortgage has been repaid to the buyers lawyers. There is unlikely to be post completion steps peculiar conveyancing in St Neots.
Do the Building Society Association intend to launch a searchable register to list solicitors on the Norwich and Peterborough Building Society conveyancing panel for instance in St Neots?
We are not aware of any plans on the part of the BSA to promote such a search facility.
Will commercial conveyancing searches reveal impending roadworks that may impact a commercial property in St Neots?
Its becoming the norm that commercial conveyancing solicitors in St Neots will execute a SiteSolutions Highways report as it reduces the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in St Neots. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in St Neots.
For each commercial conveyancing transaction in St Neots it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can cause delays to St Neots commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not carried out for residential conveyancing in St Neots.
I have recently realised that I have Sixty One years unexpired on my lease in St Neots. I now wish to get lease extension but my freeholder is absent. What are my options?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the Court. You will be obliged to prove that you have done all that could be expected to track down the lessor. In some cases an enquiry agent would be useful to carry out a search and prepare a report which can be used as evidence that the freeholder can not be located. It is wise to seek advice from a solicitor in relation to investigating the landlord’s disappearance and the application to the County Court covering St Neots.
I inherited a studio flat in St Neots, conveyancing having been completed half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in St Neots with an extended lease are worth £227,000. The ground rent is £50 per annum. The lease ceases on 21st October 2097
With only 72 years unexpired we estimate the premium for your lease extension to be between £9,500 and £11,000 plus costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.
Can you shed any light on the variety of conveyancing conducted by St Neots conveyancing solicitors?
On the whole St Neots conveyancing solicitors can offer a broad array of assistance to residential and rural land proprietors, sellers, buyers, landlords and leaseholders and you can expect them to do some of the following services:
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Home sale conveyancing in St Neots and nationwide
Domestic purchase conveyancing in St Neots and nationwide
‘Buy to let’ and investment property issues Statutory Declarations Shared ownership and shared equity scheme Key worker schemes