What advice do you have for searching for value for money conveyancing in Drybrook?
Option 1 is to ask connections whom they would instruct.
Second, use a search tool on the web for conveyancing in Drybrook. Call two or three listed and ask them to send you their conveyancing quote and discuss your needs with the solicitor who will oversee the conveyancing in advance ofcommitting.
Third is to use our search tool to help you find the right lawyers for you based on your own factors including the type of property,timings, complexity and who your intended lender is. Don't take the bait of £100 conveyancing in Drybrook
I am purchasing a property and need a conveyancing solicitor in Drybrook who is on the Britannia approved. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Britannia in certain locations such as Drybrook. We dont recommend any particular firm.
My wife and I are downsizing from our home in Drybrook and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. Any local conveyancer would know this is not the case. For the life of me I don't know why the buyers instructed a nationwide conveyancing outfit as opposed to a conveyancing solicitor in Drybrook. Having lived in Drybrook for six years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to obtain clarification that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You need to 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 ailment)
4 months have gone by since my purchase conveyancing in Drybrook completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. 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 residence 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 decided to have a survey completed on a house in Drybrook before retaining conveyancers. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some banks may not give a mortgage on such a home.
It depends who your proposed lender is. HSBC has different requirements from Birmingham Midshires. If you contact us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Drybrook. Conveyancing will be smoother if you use a solicitor in Drybrook especially if they are acquainted with such properties in Drybrook.
I am tempted by the attractive purchase price for a two flats in Drybrook which have in the region of 50 years remaining on the leases. Will this present a problem?
There are no two ways about it. A leasehold flat in Drybrook is a deteriorating asset as a result of the reducing lease term. The closer the lease gets to zero years unexpired, the more it reduces the value of the premises. For most purchasers and banks, leases with less than eighty years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Drybrook conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
Drybrook Conveyancing for Leasehold Flats - Sample of Queries Prior to buying
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How much is the ground rent and service charge? Is anyone aware of any major works on the horizon that will likely increase the maintenance charges?