My wife and I have recently acquired a property in Bozeat. We have since encountered a number of problems with the property which we suspect were overlooked in the conveyancing searches. Do we have any recourse? What searches should? have been carried out for conveyancing in Bozeat?
It is not clear from the question as what problems have arisen and if they are relate to conveyancing in Bozeat. Conveyancing searches and due diligence initiated during the buying process are designed to help avoid problems. As part of the process, a seller fills in a form known as a Seller’s Property Information Form. answers ends up being inaccurate, then you may have a claim against the seller 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 Bozeat.
I am downsizing from our house in Bozeat and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. Any high street Bozeat conveyancer would know that there is no such problem. It does beg the question why the purchasers used an online conveyancing outfit rather than a conveyancing solicitor in Bozeat. We have lived in Bozeat for many years we know of no issue. Is it a good idea to get in touch with our local Authority to seek confirmation need.
It would appear that you have a conveyancing solicitor already. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
How does conveyancing in Bozeat differ for new build properties?
Most buyers of new build premises in Bozeat approach us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is completed. This is because developers in Bozeat usually acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Bozeat or who has acted in the same development.
What does commercial conveyancing in Bozeat cover?
Commercial conveyancing in Bozeat covers a broad array of advice, given by regulated solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases 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 leases.
There are only 62 years remaining on my lease in Bozeat. I need to get lease extension but my landlord is absent. What are my options?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be extended by the magistrate. However, you will be required to demonstrate that you have made all reasonable attempts to track down the freeholder. For most situations an enquiry agent should be helpful to conduct investigations and prepare an expert document which can be accepted by the court as evidence that the freeholder can not be located. It is wise to seek advice from a conveyancer in relation to investigating the landlord’s disappearance and the application to the County Court overseeing Bozeat.
I inherited a split level flat in Bozeat, conveyancing having been completed half a dozen years ago. How much will my lease extension cost? Equivalent flats in Bozeat with a long lease are worth £181,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease terminates on 21st October 2076
With 51 years left to run we estimate the premium for your lease extension to span between £30,400 and £35,200 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.