We hope to to purchase with Melton Mowbray Building Society. We have called around locally but cant to find a Thornaby conveyancing firm on the Melton Mowbray Building Society approved list. Please you help?

You should make use of the find a conveyancing panel solicitor tool on this site. Please choose the building society and type Thornaby or your location and you will be presented with numerous conveyancers based in Thornaby or near you.

Despite weeks of looking the Title Certificate and documents to my property can not be found. The lawyers who handled the conveyancing in Thornaby 10 years ago no longer exist. What are my next steps?

You no longer need to have the physical deeds to prove you own the land or property, as the Land Registry have everything they need in a digital format.

How does the Landlord & Tenant Act 1954 affect my business property in Thornaby and how can you help?

The particular law that you refer to gives a safeguard to business leaseholders, granting the a statutory right to make a request to court for a new lease and remain in occupation when the lease comes to an end. There are limited grounds where 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 to your advantage and handle your commercial conveyancing in Thornaby

I need to instruct a conveyancing lawyer in Thornaby for my house move. Can I review a firm’s record with the profession’s regulator?

Members of the public may find published Solicitor Regulator Association (SRA) determinations stemming from investigations started on or after Jan 2008. Visit Check a solicitor's record. For records Pre 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, dial +44 (0)121 329 6800. The SRA could monitor telephone calls for training requirements.

I am looking at a couple of maisonettes in Thornaby which have approximately 50 years left on the leases. Should I regard a short lease as a deal breaker?

There are no two ways about it. A leasehold apartment in Thornaby is a deteriorating asset as a result of the reducing lease term. The nearer the lease gets to zero years unexpired, the more it adversely affects the marketability of the property. For most purchasers and mortgage companies, leases with less than eighty years become less and less marketable. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Thornaby conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

Leasehold Conveyancing in Thornaby - A selection of Questions you should ask Prior to buying

Where a Thornaby lease has less than 80 years it will have adverse implications on the value of the property. It is worth checking with your mortgage company that they are willing to to proceed given the lease term. A short lease means that you will probably require a lease extension at some point and you need to have some idea of what this will be. For most Thornabylease extensions you would be required to have been the owner of the residence for a couple of years in order to be entitled to extend the lease. How much is the yearly service fee and ground rent? Is anyone aware of any major works in the near future that will increase the maintenance costs?