My brother-in-law has suggested I instruct a conveyancing solicitor in Bulkington. I I am struggling to find out if they are accepted on the Halifax approved list of lawyers. Could you or the lender confirm if they are on the panel?
You should e-mail the conveyancer and ask them if they can act for the lender. Alternatively you can get in touch with Halifax who may be able to confirm.
Me and my brother purchased a terraced Edwardian house in Bulkington. Conveyancing lawyer represented me and HSBC Bank. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bulkington and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with your conveyancing lawyer who conducted the conveyancing.
About to purchase a new build apartment in Bulkington. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Bulkington
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Please supply a car parking plan. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I need to find a conveyancing solicitor for freehold conveyancing in Bulkington. I've land on a site which appears to be the perfect offering If there is a chance to get all this stuff completed via web that would be preferable. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am a negotiator for a busy estate agent office in Bulkington where we have experienced a number of flat sales put at risk due to leases having less than 80 years remaining. I have received inconsistent advice from local Bulkington conveyancing firms. Please can you confirm whether the owner of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I invested in buying a split level flat in Bulkington, conveyancing having been completed in 2012. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Bulkington with over 90 years remaining are worth £260,000. The average or mid-range amount of ground rent is £45 yearly. The lease terminates on 21st October 2098
You have 74 years remaining on your lease we estimate the price of your lease extension to be between £8,600 and £9,800 as well as costs.
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 detailed investigations. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.
I am expecting to exchange on the purchase a property in Bulkington but as a result of damage from the recent storms I have negotiated reparation from the seller of £2k by way of a reduction in the price. This was going to be addressed as part of the conveyancing process but the bank will not permit this. Why were they notified?
Any conveyancer being on a mortgage company approved list is required to advise the mortgage company of any amendments to the purchase figure. In the event that you were to refuse your property lawyer to notify the reduction to your bank then they would need to discontinue acting for you and the lender.