Last January we completed a house move in Lincoln. We have noticed several issues with the house which we believe were missed in the conveyancing searches. What action can we take? What searches should? have been carried out as part of conveyancing in Lincoln?
The question is vague as what problems have arisen and if they are unique to conveyancing in Lincoln. Conveyancing searches and investigations initiated during the legal transfer of property are designed to help avoid problems. As part of the legal transfer of property, the vendor completes a questionnaire known as a SPIF. answers provided is misleading, you could possibly take legal action against the owner for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Lincoln.
We are looking to buy a flat and need a conveyancing solicitor in Lincoln who is on the TSB approved panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for TSB . We don't recommend any particular firms conducting conveyancing in Lincoln.
Do commercial conveyancing searches reveal planned roadworks that could affect a commercial site in Lincoln?
Its becoming the norm that commercial conveyancing solicitors in Lincoln will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Lincoln. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Lincoln.
For every commercial conveyancing transaction in Lincoln it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can cause delays to Lincoln commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Lincoln.
How can the Landlord & Tenant Act 1954 affect my commercial premises in Lincoln and how can you help?
The 1954 Act gives protection to business lessees, granting the legal entitlement to make a request to court for a renewal tenancy and continue in occupation when the lease comes to an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and assist with commercial conveyancing in Lincoln
Last November I purchased a leasehold house in Lincoln. Do I have any liability for service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous owner 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 ensure 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 studio flat in Lincoln, conveyancing having been completed 7 years ago. Can you work out an approximate cost of a lease extension? Equivalent properties in Lincoln with an extended lease are worth £186,000. The ground rent is £55 charged once a year. The lease finishes on 21st October 2075
With just 52 years left to run the likely cost is going to range between £29,500 and £34,000 as well as costs.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.
My brother is buying a shared ownership flat in Lincoln. He has received a fee estimate by the property lawyer recommended by the estate agents totaling £1245 . It was ten years ago since I sold and purchased a property and it cost was £just under five hundred pounds. Have fees really gone up that much?
What does the conveyancing estimate include? Is it just for the legal fees, or what you will be paying in total (for example Lincoln searches, land registry fees, etc)