My partner and I are acquiring our first house. Our lawyer has calledto enquire if we want to order supplemental conveyancing searches. Unfortunately we in the dark as to what's necessary for conveyancing in Marlborough
The scope of Marlborough conveyancing searches depends primarily on the property, the location, the possibility of any of these risks, your knowledge of the area and risks, your overall appetite to risk. What matters is that you properly appreciate what information the searches could provide. You may then decide if you consider that you need that information. Should you be unsure, ask your conveyancing practitioner to recommend.
How up to date is your search tool for Marlborough conveyancing solicitors on the Principality conveyancing panel? Do Principality send you an updated list?
Marlborough conveyancing firms themselves provide us confirmation that they are on the Principality conveyancing panel as opposed to being supplied with a list from Principality directly.
Are there restrictive covenants that are commonly picked up during conveyancing in Marlborough?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Marlborough. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
In what way can the Landlord & Tenant Act 1954 impact my commercial property in Marlborough and how can you help?
The 1954 Act affords a safeguard to commercial tenants, granting the right to make a request to court for a renewal lease and remain in occupation when the lease comes to an end. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and handle your commercial conveyancing in Marlborough
I am intending to rent out my leasehold apartment in Marlborough. Conveyancing solicitor who did the purchase is retired - so can't ask her. Is permission from the freeholder required?
Even though your last Marlborough conveyancing lawyer is not around you can check your lease to see if it allows you to sublet the property. The rule is that if the deeds are silent, subletting is allowed. There may be a precondition that you are obliged to obtain consent via your landlord or some other party in advance of subletting. The net result is that you cannot sublet in the absence of prior consent. Such consent should not be unreasonably withheld. If your lease does not allow you to sublet you will need to ask your landlord for their consent.
I bought a ground floor flat in Marlborough, conveyancing was carried out in 1996. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Marlborough with an extended lease are worth £216,000. The ground rent is £50 invoiced every year. The lease runs out on 21st October 2094
With just 70 years left to run we estimate the premium for your lease extension to span between £9,500 and £11,000 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.