AssumingI was to buy a straightforward homein Thorne mortgage fee and dispense with a survey and no conveyancing searches how much could I expect to have to pay for conveyancing in Thorne?
The only saving you would make on is the Thorne conveyancing searches. Your solicitor still be obliged to do everything else - money laundering, communicating with your sellers conveyancing practitioner, SDLT return, register the property etc. A marginal saving might be made by not having to register a charge however it will not be significant.
Why do I have to pay up front for conveyancing in Thorne?
Where you are retaining lawyers for conveyancing in Thorne your solicitor will ask you to provide them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. When the deposit is as part of the total price then this will be needed shortly prior to exchange of contracts. The final balance that is needed should be transferred shortly before completion.
three months have elapsed following my purchase conveyancing in Thorne concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. 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 asset 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.
I decided to have a survey done on a house in Thorne before appointing conveyancers. I have been advised that there is a flying freehold aspect to the house. Our surveyor advised that some lenders may not give a loan on a flying freehold property.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. Should you wish to call us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Thorne. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Thorne to see if the conveyancing costs will increase in light of this.
How does the Landlord & Tenant Act 1954 impact my business offices in Thorne and how can you help?
The particular law that you refer to gives protection to business lessees, granting the right to make a request to court for a new lease and remain in occupation at the end of the lease term. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act for protection and assist with commercial conveyancing in Thorne
Having checked my lease I have discovered that there are only 62 years left on my flat in Thorne. I am keen to extend my lease but my landlord is can not be found. What options are available to me?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission 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. However, you will be required to demonstrate that you or your lawyers have used your best endeavours to track down the landlord. In some cases an enquiry agent may be useful to conduct investigations and to produce an expert document which can be used as proof that the landlord can not be located. It is advisable to get professional help from a conveyancer both on devolving into the landlord’s disappearance and the vesting order request to the County Court covering Thorne.
I purchased a basement flat in Thorne, conveyancing formalities finalised in 2007. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Thorne with an extended lease are worth £180,000. The ground rent is £65 invoiced every year. The lease expires on 21st October 2085
With 59 years unexpired we estimate the premium for your lease extension to be between £20,900 and £24,200 as well as professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed 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 you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.