Me and my partner are soon to complete on the purchase of a property in Cleobury Mortimer but as a result of damage from a small fire at the property I have was able negotiate compensation from the vendor in the sum of £2k by way of a deduction in the price. This was going to be dealt with as part of amending the contract but Santander will not agree to this. Should they have been involved?

Any solicitor being on a Santander approved list is required to advise Santander of any variations to the purchase price. If you were to refuse your property lawyer to report the price change to Santander then they would have to discontinue acting for you. In addition, Santander and you would have to appoint a new conveyancing practitioner for your conveyancing in Cleobury Mortimer.

Why do I have to pay up front for my conveyancing in Cleobury Mortimer?

If you are buying a property in Cleobury Mortimer your lawyer will request that you put them with monies to cover the search fees. Normally this is needed to cover the fees of the conveyancing searches. If any deposit is as part of the sale price then this will be asked for shortly before contracts are exchanged. The final balance that is due will be payable a couple of days ahead of the day of completion.

My friend advised me that if I am buying in Cleobury Mortimer I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?

A search of this type is occasionally quoted for as part of the standard Cleobury Mortimer conveyancing searches. It is a large report of about 40 pages, listing and setting out significant information about Cleobury Mortimer around the property and the people living there. It includes 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 House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful data regarding Cleobury Mortimer.

My business partner and I are wishing to lease a unit on the high street. Can you recommend conveyancers offering no-move-no costs for commercial conveyancing in Cleobury Mortimer for below £2000?

We can recommend firms who have specialist knowledge of commercial conveyancing in Cleobury Mortimer, including the sale and purchase of businesses as well as simply property. Whether you are intending to purchase or dispose of a shop, pub, restaurant, office, retail premises or a complete business we will put you in touch with the right lawyer. As for the fees this will depend on the structure and complexity of the deal. Please provide us with your contact information or call us so that we may furnish you with a detailed commercial conveyancing calculation.

What makes a Cleobury Mortimer lease problematic?

Leasehold conveyancing in Cleobury Mortimer is not unique. Most leases are individual and legal mistakes in the legal wording can sometimes mean that certain clauses are erroneous. For example, if your lease is missing any of the following, it could be defective:

A provision to repair to or maintain parts of the property A provision for the recovery of money spent for the benefit of another party.

You will have difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. National Westminster Bank, Virgin Money, and Aldermore all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to provide security, obliging the purchaser to withdraw.

I invested in buying a garden flat in Cleobury Mortimer, conveyancing formalities finalised in 2001. How much will my lease extension cost? Corresponding properties in Cleobury Mortimer with a long lease are worth £176,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease terminates on 21st October 2106

With 80 years unexpired the likely cost is going to be between £8,600 and £9,800 plus costs.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.