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Recently asked questions about conveyancing in Adlington

It has been 4 months since my purchase conveyancing in Adlington completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

About to purchase a new build apartment in Adlington. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Adlington

    Please provide evidence that the form of Lease proposed has been approved by the Land Registry. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. There must be mutual enforceability of lessee’s covenants. 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. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.

Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what was supposed to be a simple, chain free conveyancing. Adlington is where the house is located. Is there any advice you can give?

Flying freeholds in Adlington are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Adlington you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Adlington 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 premises.

In what way can the Landlord & Tenant Act 1954 affect my business premises in Adlington and how can you help?

The particular law that you refer to gives a safeguard to business lessees, granting the right to apply to court for a continuation of occupancy 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 complicated. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and assist with commercial conveyancing in Adlington

We are in the throes of a leasehold sale of a flat in Adlington. Conveyancing solicitors are doing their job but we have been asked to pay a fortune by the managing agents. To date we have forked out £268 for a leasehold management information and then another £118 for supplemental questions supplied by the buyers lawyer.

Neither you or your conveyancer will have any impact over the extent of the bill for this information but the typical fee for the information for Adlington leasehold premises is £350. When it comes to Adlington conveyancing deals it is conventional for the owner to cover the costs. The freeholder or their agents are under no statutory obligation to answer these questions although many will agree to do so - albeit often at high prices out of proportion to the work involved. Regretfully there is no law that requires set charges for administrative tasks. There is no legal time limit by which they are required to supply answers.

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Find out more about how flying freehold can affect your the value of a property.