It has come to my attention via my mortgage adviser that my Ellesmere Port the law firm I have appointed is not on the lender Conveyancing panel. How can I be sure if this is correct?
You need to contact your Ellesmere Port lawyer directly. You lawyer should inform you of the situation. Where they are not on the panel they may be able to suggest a Ellesmere Port conveyancing practice that is on the conveyancing panel for your mortgage company.
I am the registered owner of a freehold property in Ellesmere Port but still pay rent, why is this and what is this?
It is rare for properties in Ellesmere Port and has limited impact for conveyancing in Ellesmere Port 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 have existed for many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Previous rentcharges can now be extinguished 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 just acquired a flat at auction in Ellesmere Port. Conveyancing is required. What happens now?
Having to in every practical sense signed on the dotted line you should choose a conveyancing solicitor quickly as you are faced with a fast approaching a drop dead date to complete the conveyancing. All auction property should have a bespoke legal set of papers. This will likely include evidence of title and search results. In the case of leasehold premises the legal pack should include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to a leasehold property. You need to pass this on to your appointed conveyancing solicitor as soon as possible. You also need to ensure that your finances are organised to complete the transaction on the set completion date.
Is there a list of Leeds Building Society panel solicitors in Ellesmere Port on the Building Society Association’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. A small selection of mortgage companies make their panel listings viewable on the web. Where you are in need of a Ellesmere Port solicitor on the Leeds Building Society please make the most of our tool.
I had a mortgage agreed in principle with TSB. Ellesmere Port conveyancing practitioners have been appointed. What is the average time that one could expect to receive a mortgage offer from TSB?
Some lenders take longer than others. Have TSB completed the survey? Have you advised TSB as to your lawyers' details and checked that your lawyers are on the TSB conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have justbeen informed that Arc property Solicitors have closed. They conducted my conveyancing in Ellesmere Port for a purchase of a freehold house 12 months ago. How can I be sure that my home is registered correctly in the name of the former proprietor?
The quickest way to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Ellesmere Port conveyancing specialists.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what should have been a simple, chain free conveyancing. Ellesmere Port is the location of the property. Can you offer any assistance?
Flying freeholds in Ellesmere Port are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Ellesmere Port you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ellesmere Port may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I am hoping to exchange soon on a basement flat in Ellesmere Port. Conveyancing lawyers have said that they will have a report out to me on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in Ellesmere Port should include some of the following:
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Do you need to have carpet in the flat or are you allowed wood flooring? What the implications are if you are in breach of your lease terms? specifics of the parties to the lease, for example these could be the (you), superior lessor, landlord What options are open to you if an adjoining owner is in violation of a provision in their lease? Defining your rights in relation to common areas in the block.By way of example, does the lease include a right of way over an accessway or hallways?
I bought a 1st floor flat in Ellesmere Port, conveyancing formalities finalised 6 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Ellesmere Port with over 90 years remaining are worth £170,000. The average or mid-range amount of ground rent is £50 yearly. The lease ceases on 21st October 2104
With just 79 years unexpired we estimate the price of your lease extension to be between £7,600 and £8,800 plus professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more detailed investigations. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.