My wife and I are due to exchange on the purchase of a house in Ash but as a result of damage from the recent storms I have was able negotiate reparation from the seller of £3k in the form of a reduction in the price. This was going to be addressed as part of a side agreement however are not allowing this. Why were they involved?
Any that is on the approved list is duty bound to advise of any variations to the purchase price. If you were to refuse your to notify the price change to then they would have to discontinue acting for you. In addition, and you would have to appoint a new for your conveyancing in Ash.
Are there restrictive covenants that are commonly picked up during conveyancing in Ash?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Ash. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Over the last few months I have been searching for a leasehold apartment up to £245,000 and found one round the corner in Ash I like with open areas and station nearby, however it's only got 49 years on the lease. There is not much else in Ash suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan that many years will likely be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of twenty four months you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
What does commercial conveyancing in Ash cover?
Non domestic conveyancing in Ash covers a wide range of guidance, offered by regulated solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
I purchased a 2 bed flat in Ash, conveyancing was carried out in 1995. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Ash with a long lease are worth £165,000. The average or mid-range amount of ground rent is £45 per annum. The lease runs out on 21st October 50
You have 50 years left to run we estimate the price of your lease extension to be between £36,100 and £41,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.