Would the conveyancing practitioners to be found on your site carry out auction conveyancing in Frampton on Severn?
There are a few auction practitioners we can connect you with those specialising in auction conveyancing. Frampton on Severn is one of the many locations where our lawyers cover.
I have todaybeen informed that Stirling Law have closed. They conducted my conveyancing in Frampton on Severn for a purchase of a leasehold apartment 18 months ago. How can I check that my home is not still registered in the name of the previous owner?
The quickest way to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Frampton on Severn conveyancing specialists.
I decided to have a survey carried out on a house in Frampton on Severn prior to appointing solicitors. I have been informed that there is a flying freehold element to the house. My surveyor has said that some banks tend refuse to grant a loan on such a premises.
It depends who your proposed lender is. HSBC has different instructions for example to Nationwide. If you contact us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Frampton on Severn. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Frampton on Severn to see if the conveyancing costs will increase in light of this.
What does commercial conveyancing in Frampton on Severn cover?
Non domestic conveyancing in Frampton on Severn covers a broad array of services, given by regulated solicitors, relating to business property. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer 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 mortgages and the termination of leases.
In my capacity as executor for the will of my father I am disposing of a house in Cardiff but reside in Frampton on Severn. My solicitor (based 200 miles awayhas requested that I sign a stat dec before completion. Could you suggest a conveyancing solicitor in Frampton on Severn to witness and place their company stamp on the document?
strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will suffice regardless of whether they are Frampton on Severn based
I am attracted to a couple of flats in Frampton on Severn which have about 50 years left on the lease term. Should I regard a short lease as a deal breaker?
There are no two ways about it. A leasehold flat in Frampton on Severn is a wasting asset as a result of the shortening lease. The closer the lease gets to zero years unexpired, the more it reduces the value of the premises. For most buyers and mortgage companies, leases with less than eighty years become less and less attractive. 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 property 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 a residence 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 Frampton on Severn 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.
I acquired a 2 bed flat in Frampton on Severn, conveyancing formalities finalised June 2001. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Frampton on Severn with over 90 years remaining are worth £197,000. The average or mid-range amount of ground rent is £55 yearly. The lease runs out on 21st October 2081
With 56 years unexpired we estimate the price of your lease extension to range between £29,500 and £34,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account 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.