I have recentlydiscovered that Wolstenholmes have been shut down. They carried out my conveyancing in Shanklin for a purchase of a leasehold flat 10 months ago. How can I be sure that the property is not still registered in the name of the former proprietor?
The quickest way to check if the premises is in your name, you can make 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 Shanklin conveyancing specialists.
How does conveyancing in Shanklin differ for newly converted properties?
Most buyers of new build residence in Shanklin contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is constructed. This is because house builders in Shanklin usually purchase the real estate, 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 used to new build conveyancing in Shanklin or who has acted in the same development.
How does the Landlord & Tenant Act 1954 affect my business property in Shanklin and how can your lawyers assist?
The particular law that you refer to gives security of tenure to commercial tenants, granting the right to make a request to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Shanklin is one of our many locations in which the firms we work with have offices
Completion is due on the sale of our £375,000 apartment in Shanklin next Friday. The managing agents has quoted £348 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is the landlord entitled to charge exorbitant fees for a flat conveyance in Shanklin?
Shanklin conveyancing on leasehold maisonettes usually necessitates the buyer’s conveyancer submitting questions for the landlord to address. Although the landlord is under no legal obligation to answer such questions most will be willing to do so. They are at liberty to levy a reasonable charge for responding to questions or supplying documentation. There is no set fee. The average costs for the information that you are referring to is £350, in some situations it is in excess of £800. The management information fee demanded by the landlord must be accompanied by a summary of rights and obligations in relation to administration fees, otherwise the charge is not strictly payable. Reality however dictates that one has no choice but to pay whatever is requested of you if you want to complete the sale of your home.
I purchased a 1st floor flat in Shanklin, conveyancing having been completed January 2004. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Shanklin with an extended lease are worth £202,000. The ground rent is £55 levied per year. The lease terminates on 21st October 2081
With just 56 years left to run we estimate the premium for your lease extension to span between £29,500 and £34,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.
Are there any compelling benefits to choosing a high street conveyancing practitioner in Shanklin
A significant proportion of house movers in Shanklin decide on using a local lawyer so that they can attend the firm’s offices if they have concerns, and to deliver documents without using the Royal Mail.
One could say that there exists a slight benefit when using a solicitor nearby to the property you are planning to purchase, due to the knowledge of the region and possible local concerns - nevertheless this is moot. Most conveyancers undertaking their work online and could be any place in the world.