A relative advised me that if I am buying in Burton upon Trent I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes included in the estimate for your Burton upon Trent conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Burton upon Trent around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful information concerning Burton upon Trent.
Due to the encouragement of my in-laws I had a survey completed on a house in Burton upon Trent in advance of retaining lawyers. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some banks will not grant a loan on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different requirements for example to Halifax. Should you wish to telephone us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Burton upon Trent. Conveyancing may be slightly more expensive based on your lender's requirements.
What does commercial conveyancing in Burton upon Trent cover?
Commercial conveyancing in Burton upon Trent covers a wide array of services, given by qualified solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
My father-in-law has encouraged me to use his conveyancers in Burton upon Trent. Should I use them?
Much as we are happy to recommend a Burton upon Trent conveyancing lawyer it’s preferable to select a conveyancing solicitor is to have recommendations from friends or family who have used the firm that you are contemplating using.
Last November I purchased a leasehold flat in Burton upon Trent. Am I liable to pay service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous lessee 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. A critical element 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 inherited a split level flat in Burton upon Trent, conveyancing formalities finalised half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Burton upon Trent with a long lease are worth £191,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease comes to an end on 21st October 2078
With 53 years remaining on your lease we estimate the price of your lease extension to span between £27,600 and £31,800 as well as costs.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.
At long last our conveyancing in Burton upon Trent completes next Friday, however the owners I am purchasing off has asked to vacate on the Saturday PM. Should I accept this?
You can't complete on a Saturday due to the bank systems are not operational.