I have just over seventy years unexpired on my lease and require a lease extension for my apartment in Westgate on Sea. Conveyancing solicitors on the Platform panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 16/7/2024 the requirements read as follows :
Should commercial conveyancing searches reveal proposed roadworks that could impact a commercial property in Westgate on Sea?
Many commercial conveyancing solicitors in Westgate on Sea will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Westgate on Sea. The report sets out definitive information 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 Westgate on Sea.
For every commercial conveyancing transaction in Westgate on Sea it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may cause delays to Westgate on Sea commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Westgate on Sea.
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a simple, no chain conveyancing. Westgate on Sea is the location of the property. What do you suggest?
Flying freeholds in Westgate on Sea are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Westgate on Sea you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Westgate on Sea may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Is it possible to transfer to a new conveyancer as I need to choose a firm on the Virgin Money conveyancing list. I hired a local conveyancing solicitor in Westgate on Sea round the corner but she is not accepted by Virgin Money
It would be our pleasure to help you select a conveyancing solicitor in Westgate on Sea on the Virgin Money panel. Please note that the solicitors that we work with do not pay us fee if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Westgate on Sea. Using the find a conveyancing solicitor tool on this page, you can contrast fees for conveyancing solicitors in Westgate on Sea and throughout England and Wales.
I need to retain a conveyancing solicitor for purchase conveyancing in Westgate on Sea. I happened to chance upon a web site which seems to have the ideal solution If it is possible to get all formalities done via web that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I have just started marketing my garden flat in Westgate on Sea. Conveyancing has not commenced, but I have recently received a quarterly service charge invoice – should I leave it to the buyer to sort out?
The sensible thing to do is pay the service charge as usual as all rents and maintenance charges will be allotted on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I inherited a studio flat in Westgate on Sea, conveyancing formalities finalised October 2011. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Westgate on Sea with an extended lease are worth £222,000. The ground rent is £50 invoiced annually. The lease comes to an end on 21st October 2094
You have 70 years remaining on your lease we estimate the premium for your lease extension to range between £9,500 and £11,000 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.