At long last a mortgage agreement from Santander for the remortgage of my 4 room flat is to be issued by the end of next week. Are you able to recommend a low cost conveyancing lawyer in Burford?
This site is not designed to help those in pursuit of the lowest fares for conveyancing in Burford. Our aim is to provide value for money conveyancing but our intention is not to advertise as being the cheapest. Resist the temptation to appoint brokers enticing you with £99 conveyancing in Burford. In your best case scenario, in going for cheap conveyancing, you will earn what you pay for and at worst it will result in you spending a lot in extras and still not get the service required.
I am the registered owner of a freehold premises in Burford but nevertheless pay rent, why is this and what is this?
It is rare for properties in Burford and has limited impact for conveyancing in Burford but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
I am selling my home in Burford. Does the conveyancer need to be on the Santander conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Santander conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
Me and my brother own a terraced Georgian house in Burford. Conveyancing lawyer represented me and Britannia. I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold with the exact same property. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Burford and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with your conveyancing solicitor who conducted the work.
Is it best to appoint a Burford conveyancing lawyer in close proximity to the house I am buying? An old friend can carry out the conveyancing but they are based 400miles drive away.
The benefit of a local Burford conveyancing practice is that you can attend the office to sign documents, present your ID and pester them where appropriate. They will also have local insight which is a plus. However nothing is more important than finding someone that will pull out all the stops for you. If if people you trust used your friend and they were happy that should outweigh using an unfamiliar Burford conveyancing lawyer just because they are based in the area.
Estate agents have just been given the go-ahead to market my 2 bed flat in Burford. Conveyancing is yet to be initiated, but I have recently received a quarterly maintenance charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should discharge the service charge as you normally would given that all rents and service charges should be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I own a garden flat in Burford, conveyancing formalities finalised June 1995. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Burford with over 90 years remaining are worth £186,000. The ground rent is £55 per annum. The lease comes to an end on 21st October 2079
With just 53 years remaining on your lease the likely cost is going to range between £27,600 and £31,800 plus legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.