Can you explain why leasehold purchase conveyancing in Godshill is more expensive?
The conveyancing charges on a leasehold property in Godshill is inevitably greater as compared to a freehold acquisition or disposal. This is because there is an amount of additional investigations necessary in communicating with the landlord and managing agents to collate the evidence about whether the rent and service charges have been paid and whether there are any large sums expected to be spent in the foreseeable future on repairs or maintenance of the building.
Are the BSA planning on creating a online directory to to identify law firms on the Darlington Building Society conveyancing panel for instance in Godshill?
Lexsure has not been advised of any intention on the part of the BSA to develop such a register.
My colleague suggested that where I am buying in Godshill 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 Godshill conveyancing searches. It is a large document of more than thirty pages, listing and detailing significant information about Godshill around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Godshill Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Godshill Education with plans and statistics, Local Amenities and other useful information about Godshill.
How does conveyancing in Godshill differ for new build properties?
Most buyers of new build premises in Godshill contact us having been asked by the seller to exchange contracts and commit to the purchase even before the property is finished. This is because builders in Godshill tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Godshill or who has acted in the same development.
I opted to have a survey done on a house in Godshill before appointing solicitors. I have been told that there is a flying freehold aspect to the property. Our surveyor advised that some banks may not give a mortgage on such a home.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Godshill. Conveyancing may be slightly more expensive based on your lender's requirements.
In what way can the Landlord & Tenant Act 1954 impact my business premises in Godshill and how can your lawyers assist?
The particular law that you refer to affords protection to business lessees, granting the dueness to make a request to court for a continuation of occupancy at the end of an expired lease. There are limited grounds that a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and help with commercial conveyancing in Godshill