My best friend’s step-father is a property lawyer. I am hopeful that I will receive preferential fee for conveyancing, but if not, what level of figure should I be paying for conveyancing in Flamborough?
It’s sensible to get 3 or more like-for-like conveyancing quotes. Make use of our comparison tool on this site. The estimates seem to be different but the service one can expect are distinct between law firms as is the case with the vast majority of professional services.
My uncle passed away 10 months ago and as sole heir and executor I was left the property in Flamborough. The house had a small mortgage remaining of approximately £4500. I want to have the title changed into my name whilst I re-mortgage to Virgin Money, pay off the mortgage. Is this possible?
Where you intend to re-mortgage then Virgin Money will insist on your using a conveyancer on the Virgin Money conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Virgin Money conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Virgin Money mortgage is registered as a charge at the Land Registry.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a straight forward, chain free conveyancing. Flamborough is where the house is located. What do you suggest?
Flying freeholds in Flamborough are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Flamborough you would need to get your solicitor to go 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 Flamborough may determine 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 premises.
I'm remortgaging my current property to a BTL loan with Norwich and Peterborough Building Society and I will use the rest of the raised equity as a deposit on another property. The location we are interested in is Flamborough. Will your lawyers be able to act for the two lenders and tie in the transactions?
Make use of our comparison tool on this page to ensure that the lawyers are on the relevant lender panels. Assuming that they are your solicitor should be able to simultaneously deal with the two deals but you should have a chat with you solicitor and make clear your desired outcome and requirements.
I am on look out for some leasehold conveyancing in Flamborough. Before I get started I would like to find out the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and most are in Flamborough - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I acquired a 1st floor flat in Flamborough, conveyancing was carried out 8 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Flamborough with over 90 years remaining are worth £197,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease runs out on 21st October 2081
You have 56 years left to run we estimate the premium for your lease extension to be between £29,500 and £34,000 plus costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.
Why do Flamborough conveyancing charges are more expensive for leasehold and freehold properties?
If acquiring a leasehold property there is more work involved purely due to the fact that usually there are further parties involved in the form of the freeholder and/or Management Agents. As part of a lawyers enquiries they will check that all ground rent and service charges are paid up to date amongst other general leasehold matters. For this reason, the Sellers lawyers usually have to refer to the freeholder or Managing Agent for their replies to our questions. This may be time consuming and beyond the lawyers control