Will our conveyancer be raising enquiries regarding flooding as part of the conveyancing in Castle Eden.

The risk of flooding is if increasing concern for lawyers conducting conveyancing in Castle Eden. There are those who buy a house in Castle Eden, fully expectant that at some time, it may suffer from flooding. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or sell the premises. Steps can be carried out during the course of a property purchase to forewarn the purchaser.

Conveyancers are not best placed to give advice on flood risk, however there are a number of checks that may be carried out by the purchaser or by their lawyers which can give them a better understanding of the risks in Castle Eden. The standard completed inquiry forms sent to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard question of the vendor to determine whether the premises has historically flooded. In the event that flooding has previously occurred and is not disclosed by the vendor, then a buyer may commence a compensation claim as a result of such an inaccurate reply. A buyer’s lawyers should also order an environmental search. This will reveal whether there is any known flood risk. If so, further investigations will need to be made.

I have todaybecome aware that Arc property Solicitors have closed. They conducted my conveyancing in Castle Eden for a purchase of a leasehold flat 18 months ago. How can I be sure that my home is registered correctly in the name of the previous owner?

The quickest method to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Castle Eden conveyancing specialists.

I opted to have a survey completed on a property in Castle Eden prior to instructing lawyers. I have been advised that there is a flying freehold element to the house. The surveyor advised that some lenders tend refuse to issue a mortgage on a flying freehold premises.

It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Castle Eden. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Castle Eden to see if the conveyancing will be more expensive.

I am a sole trader hoping to lease a unit on the high street. Can you recommend lawyers offering fixed fees for commercial conveyancing in Castle Eden for below 1500k?

We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Castle Eden, including the disposal and acquisition of businesses as well as simply premises. Whether you are looking to acquire or sell a shop, pub, restaurant, office, retail unit or a whole business we will find you the right firm. Regarding the fees these will vary based on the structure and heads of terms of the deal. Let us have your details or telephone us so that we may furnish you with a fixed commercial conveyancing quote.

Having checked my lease I have discovered that there are only Seventy years remaining on my flat in Castle Eden. I now wish to extend my lease but my landlord is absent. What should I do?

On the basis that you qualify, 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 lengthened by the magistrate. However, you will be required to prove that you or your lawyers have made all reasonable attempts to locate the landlord. On the whole an enquiry agent should be helpful to try and locate and prepare an expert document to be used as evidence that the freeholder is indeed missing. It is wise to seek advice from a conveyancer in relation to proving the landlord’s absence and the vesting order request to the County Court overseeing Castle Eden.

I inherited a split level flat in Castle Eden, conveyancing formalities finalised November 2009. How much will my lease extension cost? Comparable properties in Castle Eden with over 90 years remaining are worth £186,000. The ground rent is £55 charged once a year. The lease finishes on 21st October 2078

With just 53 years unexpired we estimate the premium for your lease extension to be between £27,600 and £31,800 as well as costs.

The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.