My wife and I are intent on selling our house in Cotswolds and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A local conveyancer would know that there is no such problem. It does beg the question why the purchasers are using a national conveyancing outfit as opposed to a conveyancing solicitor in Cotswolds. We have lived in Cotswolds for six years we know of no issue. Do we contact our local Authority to seek clarification need.
It would appear that you have a conveyancing lawyer currently acting for you. What do they say? You must 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 life insurance to cover that same sickness)
I have been on the look out for a leasehold apartment up to £235,500 and found one round the corner in Cotswolds I like with open areas and station nearby, the downside is that it's only got 52 years unexpired on the lease. There is not much else in Cotswolds suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of 2 years you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.
I am downsizing from my home. My previous lawyers closed down. It would be helpful to have a recommendation of a conveyancing firm. Im based in Cotswolds if that makes things easier.
Do use our search tool to help you choose a solicitor for your conveyancing in Cotswolds. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
I am 14 days into a freehold purchase having been referred to a firm by the estate agent to carry out the conveyancing in Cotswolds. I am am starting to be dissatisfied with the level of service. Could you help me find new solicitors?
A conveyancer would have to be really bad in order to consider diss instructing them. Has the mortgage been issued? If so you will need to advise them of the new solicitor and have the mortgage documents are issued to the new lawyers. Your new conveyancer should be on the mortgage company approved list to avoid added charges and frustration. So that should be your first question of the new conveyancers. The find a solicitor tool should help you find a bank approved solicitor for your conveyancing in Cotswolds
I am hoping to exchange soon on a ground floor flat in Cotswolds. Conveyancing solicitors inform me that they will have a report out to me within the next couple of days. What should I be looking out for?
The report on title for your leasehold conveyancing in Cotswolds should include some of the following:
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The landlord’s rights to access the property. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Repair and maintenance of the property What the implications are if you have contravened the provisions of the lease? What you can do if a neighbour is in violation of a provision in their lease? Who has the liability for maintaining the window frames
I purchased a split level flat in Cotswolds, conveyancing formalities finalised in 2003. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Cotswolds with a long lease are worth £185,000. The average or mid-range amount of ground rent is £65 per annum. The lease finishes on 21st October 2085
You have 60 years remaining on your lease we estimate the premium for your lease extension to be between £20,000 and £23,000 as well as professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.
I have just had an offer accepted on an apartment in Cotswolds and the broker that we are using suggested his property lawyer. He quoted £1000 excluding VAT and disbursements. Does this sound reasonable?
You should not rely on one quote. You should obtain like-for-like quotes for your conveyancing in Cotswolds. Then pick one that you trust and just as important, is on the approved panel of the mortgage company that you have applied for a mortgage from.