The Great Shelford conveyancing lawyers that I appointed last week on my house acquisition in Great Shelford have without warning closed. I only went with them because I had to have a firm on the TSB conveyancing panel and my family Great Shelford lawyer was not. I paid them £170 on account. What do I do now?
If you have an estate agent involved then let them know immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the TSB conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help.
Do I need to take out insurance to cover chancel repairs when acquiring a house in Great Shelford?
Unless a previous acquisition of the property took place after 12 October 2013 you can expect conveyancing practitioners delivering conveyancing in Great Shelford to continue to propose a a chancel search and or insurance against a claim.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Great Shelford. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Great Shelford
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
How can the Landlord & Tenant Act 1954 impact my commercial property in Great Shelford and how can your lawyers assist?
The 1954 Act gives security of tenure to business leaseholders, giving them the legal entitlement to apply to court for a renewal tenancy and remain in occupation when the lease comes to an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Great Shelford is one of the hundreds of areas of the UK in which our lawyers are based
Harry (my fiance) and I may need to rent out our Great Shelford garden flat for a while due to a career opportunity. We used a Great Shelford conveyancing firm in 2004 but they have since shut and we did not have the foresight to get any advice as to whether the lease prohibits the subletting of the flat. How do we find out?
Your lease governs the relationship between the freeholder and you the flat owner; in particular, it will indicate if subletting is banned, or permitted but only subject to certain conditions. The accepted inference is that if the lease contains no expres ban or restriction, subletting is allowed. The majority of leases in Great Shelford do not contain subletting altogether – such a provision would undoubtedly devalue the property. Instead, there is usually simply a requirement that the owner notifies the freeholder, possibly sending a duplicate of the sublease.
I am the registered owner of a ground floor flat in Great Shelford, conveyancing formalities finalised June 1995. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Great Shelford with an extended lease are worth £180,000. The average or mid-range amount of ground rent is £65 invoiced every year. The lease expires on 21st October 2085
You have 59 years remaining on your lease the likely cost is going to range between £20,900 and £24,200 as well as legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.
I am purchasing a flat and cash is in place. My lawyer has been supplied with with two separate forms of photo identification, bank statement, multiple utility bills. Now he requires a copy from a probate lawyer advising that the money is legitimate and that it has come from inheritance and not selling fake DVD.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Great Shelford conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.