I am purchasing a house for cash in Stretton. I have been residing for the previous twelve years in Stretton. Conveyancing searches are expensive. As I know the area and road intimately must I have all the conveyancing searches?
In the absence of a home loan, then all but one or two of the Stretton conveyancing searches are at your discretion. Your conveyancer will 'advise', no-doubt strongly, that you should have searches carried out, but he has a professional duty to do this. One thing to take into account; if you are intend to sell the house in the future, it will be of interest to your prospective purchaser what the searches disclose. On occasion properties with apparent issues can still reveal unpredicted search results. A competent conveyancing solicitor in Stretton should provide you some sensible guidance in this regard.
I have recentlybecome aware that Stirling Law have closed. They carried out my conveyancing in Stretton for a purchase of a leasehold apartment 12 months ago. How can I check that the property is not still registered in the name of the previous owner?
The quickest way to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Stretton conveyancing specialists.
Just had an offer accepted on a new build apartment in Stretton. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Stretton
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I have been on the look out for a flat up to £305k and identified one near me in Stretton I like with open areas and station in the vicinity, however it's only got 52 years on the lease. There is not much else in Stretton suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a home loan the remaining unexpired lease term will likely be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
My company is planning to take over a lease of a shop on a shopping parade. Can you recommend conveyancers offering no-sale-no charges for non-domestic conveyancing in Stretton for less than £1,200?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Stretton, including the disposal and acquisition of businesses as well as simply premises. Whether you are hoping to purchase or lease a shop, pub, restaurant, office, retail premises or a whole business we can put you in touch with the right firm. As for the fees these will vary based on the structure and nuances of the proposed transaction. Let us have your contact information or call so as to enable us to provide you with comprehensive commercial conveyancing calculation.