I am need of leasehold conveyancing for an apartment in a fairly new development (6 years built) in Blaby. Almost all the appartments are already sold. Is it strictly necessary to order conveyancing searches for my conveyancing in Blaby?
You are opening yourself up to an unnecessary risk in refusing to carrying out Blaby conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying mortgage free there is no legal necessity to have them, but we would strongly advise in no uncertain terms that your lawyer conducts them. If timings and expenses are primary concerns you should consider with your solicitor about the possibility of search insurance
I had intended to instruct a property lawyer in Blaby for our house move. Our financial adviser has since notified us that our mortgage company Britannia won't deal with them. Why is this not regarded as unfair competition?
Lenders in the main restrict either the type or the number of conveyancing solicitors on their approved list of lawyers. Typical examples of such restriction(s) being that a firm must not be a sole practitioner. In addition to restricting the profile of firm, some have decided to limit the number of solicitor practices they permit to represent them. You should note that Britannia have no responsibility for the quality of advice provided by any member of Britannia Conveyancer Panel. Mortgage fraud was a key driver in the reduction of solicitor panels a few years ago even though there are differing opinions concerning the extent of solicitor engagement in some of that fraud. Statistics from the Land Registry reveal that hundreds of law firms, including some in or near Blaby only conduct one or two conveyances a year.
4 months have gone by since my purchase conveyancing in Blaby completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a ground for flat up to £245,000 and identified one close by in Blaby I like with amenity areas and transport links in the vicinity, however it's only got 61 remaining years left on the lease. I can't really find anything else in Blaby in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term may be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
I am selling my home. My past lawyers has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Blaby if that makes things easier.
Please use our search tool to help you find a solicitor for your conveyancing in Blaby. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
I am hoping to exchange soon on a studio apartment in Blaby. Conveyancing lawyers have said that they report fully on Monday. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Blaby should include some of the following:
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What options are open to you if a neighbour is in violation of a provision in their lease? Rent payments - what is due and when you need to pay, and also know whether this is subject to change Setting out your rights in respect of the communal areas in the block.E.G., does the lease permit a right of way over a path or staircase? The total ownership of the property. This may be the apartment itself but might include a attic or storage are if relevant. Does the lease prohibit wood flooring?
I own a leasehold flat in Blaby, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Blaby with a long lease are worth £190,000. The ground rent is £45 yearly. The lease terminates on 21st October 2087
You have 62 years unexpired we estimate the price of your lease extension to be between £17,100 and £19,800 as well as professional fees.
The suggested premium range that we have given is 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. Do not use this information in tribunal or court proceedings. 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. Neither should you take any other action based on this information before seeking the advice of a professional.