Why is leasehold purchase conveyancing in Shotley Bridge costs more?

The conveyancing charges on a leasehold premises in Shotley Bridge is frequently higher than on a freehold property. This is because there is an amount of supplemental investigations necessary in liaising with the landlord and management company to collate the evidence about whether the rent and maintenance charges have been cleared and whether there are any major works due in the foreseeable future on repairs or maintenance of the building.

I am close to exchanging contracts on the sale of our home in Shotley Bridge and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. Any high street Shotley Bridge conveyancer would know that there is no such problem. It does beg the question why the purchasers are using a web based conveyancing practice rather than a conveyancing solicitor in Shotley Bridge. We have lived in Shotley Bridge for three years we know that this is a non issue. Is it a good idea to contact our local Authority to get confirmation that there is no issue.

It would appear that you have a conveyancing lawyer already. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)

In what way can the Landlord & Tenant Act 1954 impact my commercial offices in Shotley Bridge and how can you help?

The 1954 Act gives a safeguard to business lessees, granting the legal entitlement to make a request to court for a continuation of occupancy at the end of an expired lease. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing practices who use the act for protection and assist with commercial conveyancing in Shotley Bridge

As co-executor for the estate of my aunt I am selling a house in Cardiff but reside in Shotley Bridge. My solicitor (based 300 miles from merequires that I sign a statutory declaration prior to the transaction finalising. Could you suggest a conveyancing practitioner in Shotley Bridge to attest and place their company stamp on the document?

Technically speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will suffice regardless of whether they are Shotley Bridge based

I've recently bought a leasehold flat in Shotley Bridge. Am I liable to pay service charges for periods before my ownership?

Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

I invested in buying a 1 bedroom flat in Shotley Bridge, conveyancing was carried out July 2010. How much will my lease extension cost? Corresponding properties in Shotley Bridge with over 90 years remaining are worth £206,000. The average or mid-range amount of ground rent is £45 yearly. The lease ends on 21st October 2091

With 66 years remaining on your lease we estimate the price of your lease extension to span between £11,400 and £13,200 plus plus your own and the landlord's "reasonable" 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 supply the actual costs without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.