Our mortgage company has recommended a law firm on their panel based in Bawtry but I would rather instruct a conveyancing lawyer in Bawtry or nearer to where I live. Can you help?
It is by no means the case that all Bawtry conveyancing firms are listed all lender’s conveyancing panel. Use the above find an approved solicitor tool to identify a Bawtry conveyancing conveyancer on the on the mortgage company panel.
What will a local search tell me concerning the house I am buying in Bawtry?
Bawtry conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search organisations for example PSG The local search is essential in every Bawtry conveyancing purchase; as long as you don’t want any nasty surprises after you move into your new home. The search should provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
How can the Landlord & Tenant Act 1954 affect my business premises in Bawtry and how can your lawyers assist?
The 1954 Act gives security of tenure to business tenants, giving them the dueness to apply to court for a new tenancy and remain in occupation at the end of the lease term. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Bawtry is one of the hundreds of locations in which the firms we work with have offices
I work for a long established estate agency in Bawtry where we have witnessed a number of flat sales put at risk as a result of leases having less than 80 years remaining. I have been given contradictory information from local Bawtry conveyancing firms. Please can you clarify whether the vendor of a flat can initiate the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the disposal of the property.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I invested in buying a 2 bed flat in Bawtry, conveyancing was carried out half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Bawtry with an extended lease are worth £181,000. The ground rent is £55 invoiced every year. The lease finishes on 21st October 2074
You have 50 years left to run we estimate the premium for your lease extension to range between £31,400 and £36,200 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on 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 may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.
I have been advised by numerous estate agents that it may take six to eight weeks for Bawtry conveyancing to complete.This was a month ago. The property information was only received to my conveyancer a few days ago so does the time start running now?
No definitive time frame exists for conveyancing in Bawtry. Conveyancing is subject to many variable. Bawtry conveyancing searches alone may take some weeks to be returned.