My best friend’s uncle is a property lawyer. I suspect that I will receive mate’s rates for conveyancing, but if not, what kind of figure would I typically be looking at for conveyancing in Stroud?
It’s wise to get multiple conveyancing quotes. Make use of our comparison tool on this site. The quotes seem to contrast greatly but the service one can expect differ between conveyancers as is the case with most professions.
I am the registered owner of a freehold property in Stroud but nevertheless charged rent, why is this and what is this?
It is rare for properties in Stroud and has limited impact for conveyancing in Stroud but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
I am buying a terraced house in Stroud. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Stroud you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Stroud.
Should commercial conveyancing searches disclose proposed roadworks that could affect a commercial land in Stroud?
Many commercial conveyancing solicitors in Stroud will order a SiteSolutions Highways report as it reduces the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Stroud. The report provides 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 Stroud.
For each commercial conveyancing transaction in Stroud it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could result in delays to Stroud commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Stroud.
Over the last few months I have been searching for a ground for flat up to £195,000 and found one round the corner in Stroud I like with open areas and station nearby, however it only has 61 remaining years left on the lease. There is not much else in Stroud for this price, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage the shortness of the lease will likely be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you could ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
There are only 68 years left on my lease in Stroud. I need to extend my lease but my landlord is missing. What are my options?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. You will be obliged to demonstrate that you or your lawyers have made all reasonable attempts to find the landlord. On the whole an enquiry agent should be useful to try and locate and prepare a report to be accepted by the court as proof that the landlord can not be located. It is wise to seek advice from a property lawyer both on proving the landlord’s absence and the application to the County Court covering Stroud.
I acquired a leasehold flat in Stroud, conveyancing was carried out August 2009. How much will my lease extension cost? Similar properties in Stroud with over 90 years remaining are worth £195,000. The ground rent is £45 charged once a year. The lease finishes on 21st October 2087
You have 62 years remaining on your lease we estimate the price of your lease extension to be between £17,100 and £19,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of detailed due diligence. You should 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. You should not move forward based on this information before seeking the advice of a professional.