Are the Tibshelf conveyancing solicitors identified as being on the UBS conveyancing panel, together with their details provided by UBS?

Tibshelf conveyancing firms themselves provide us confirmation that they are on the UBS conveyancing panel as opposed to being supplied with a list from UBS directly.

About to purchase a new build flat in Tibshelf. Conveyancing is a frightening process 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.

Set out below are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Tibshelf

Forfeiture - bankruptcy or liquidation must not apply under this provision. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? There must be mutual enforceability of lessee’s covenants.

Over the last few months I have been searching for a ground for flat up to £235,500 and identified one round the corner in Tibshelf I like with open areas and transport links in the vicinity, the downside is that it's only got 49 years on the lease. I can't really find anything else in Tibshelf suitable, so just wondered if I would be making a mistake acquiring a short lease?

If you need a home loan that many years will be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.

My husband and I are a couple of weeks into a freehold purchase having been referred to a firm by the high street agent to handle our conveyancing in Tibshelf. We are not happy. Could you you assist me in finding new lawyers?

A solicitor would need to be really poor to suggest diss instructing them. Has the loan offer been sent? If so you will need to inform them of the new contact details and ensure the loan are re-sent. Your solicitor ideally should be on the mortgage company panel to avoid escalating expenses and delays. So that should be your starting point. Our find a solicitor tool can assist you in finding a lender approved solicitor for your home move in Tibshelf

Last May I purchased a leasehold house in Tibshelf. Am I liable to pay service charges relating to a period prior to completion of my purchase?

In a situation 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. However, 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 basement flat in Tibshelf, conveyancing having been completed in 2010. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Tibshelf with a long lease are worth £255,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease ceases on 21st October 2097

With just 73 years remaining on your lease we estimate the premium for your lease extension to span between £8,600 and £9,800 as well as professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of detailed due diligence. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.