Do the Building Society Association intend to launch a online directory to list law firms on the Melton Mowbray Building Society conveyancing panel for example in Boscastle?
Lexsure has not been advised of any intention on the part of the BSA to promote such a tool.
I need some quick conveyancing in Boscastle as I have an ultimatum to exchange contracts inside 2 weeks. A home loan is not required. Can I decline from having conveyancing searches to save fees and time?
As you are not taking a home loan you have the choice not to do searches although no solicitor would advise that you don't. Drawing on years of experience of conveyancing in Boscastle the following are instances of what can arise and adversely affect future saleability: Enforcement Actions, Overdue Charges, Outstanding Grants, Road Schemes,...
I am looking for a flat up to £235,500 and found one near me in Boscastle I like with a park and transport links in the vicinity, the downside is that it only has 61 years on the lease. There is not much else in Boscastle for this price, so just wondered if I would be making a mistake acquiring a short lease?
If you require a home loan the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
In what way can the Landlord & Tenant Act 1954 impact my business offices in Boscastle and how can you help?
The 1954 Act gives security of tenure to commercial tenants, giving them the a statutory right to apply to court for a continuation of occupancy at the end of the lease term. There are limited grounds where a landlord can refuse a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Boscastle is one of our many areas of the UK in which our lawyers are based
I’m about to sell my garden flat in Boscastle. Conveyancing solicitors are to be appointed soon, but I have recently received a half-yearly maintenance charge demand – should I leave it to the buyer to sort out?
The sensible thing to do is discharge the service charge as usual as all ground rent and maintenance payments should be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Boscastle Leasehold Conveyancing - A selection of Queries Prior to Purchasing
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The best form of lease structure is where the freehold title is in the ownership of the leaseholders. In this scenario the lessees enjoy control and notwithstanding that a managing agent is often retained if the building is bigger than a house conversion, the managing agent acts for the leaseholders themselves. You should want to find out as much as possible concerning the company managing the building as they will either make living at the property much simpler or uncomfortable. Being a leasehold owner you will be at the mercy of the managing agents both financially and when it comes to daily issues such as the upkeep of the common parts. Enquire of other tenants what they think of them. On a final note, be sure you understand the dates that the maintenance charges are due to the relevant party and specifically what it includes. How is the lease structured?
To what extent are Boscastle conveyancing solicitors duty bound by the Law Society to supply transparent conveyancing figures?
Inbuilt into the Solicitors Code of Conduct are prescriptive rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their fees to clients.The Law Society have practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not to be interpreted as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, however, represent the Law Society’s perspective of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Boscastle or beyond.