I'm in the process of porting my existing standard loan to a BTL Bank of Scotland mortgage. I was told by my mortgage that I require a conveyancer for this. I spoke to the same Halifax conveyancing practitioner who dealt with the legals when I initially purchased the premises. The fee calculation sent of just over five hundred pounds has surprised me as I am not require purchase conveyancing - it’s just a straightforward remortgage.
The estimate does seem a tad on the high side. If you you were to look around you may be able to reduce the fees slightly by perhaps a hundred pounds. On the other hand, assuming were content with the assistance the firm gave you couldlive to regret choosing an an untested lawyer. Remember to check the solicitor can represent Bank of Scotland. Do employ our search tool to get a quote a Halifax conveyancing firm on the Bank of Scotland approved list of lawyers, which can often include conveyancing solicitors in Halifax.
I have justfound out that Arc property Solicitors have been shut down. They conducted my conveyancing in Halifax for a purchase of a leasehold flat 12 months ago. How can I be sure that my home is in my name in the name of the previous owner?
The quickest method to see if the premises is in your name, 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 Halifax conveyancing specialists.
Just had an offer accepted on a new build flat in Halifax. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Halifax
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I have been on the look out for a flat up to £245,000 and found one round the corner in Halifax I like with amenity areas and station nearby, however it's only got 61 remaining years left on the lease. There is not much else in Halifax for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will likely be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you could request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
Taking into account that I am about to spend £400,000 on a property in Halifax I wish to have a conversation with the conveyancer concerning thehouse move ahead of instructing the firm. Can this be arranged?
This is something that we encourage - it is our preference to talk to you we do not take any clients on without you speaking to the conveyancer due to be carrying out your property ownership legalities in Halifax.There is no ‘factory style conveyancing’ - each client is unique individual, not a case reference. The practices that we put you in touch with believe that the figure you are quoted for your conveyancing in Halifax should be the figure that you are charged.
Last November I purchased a leasehold property in Halifax. Do I have any liability for service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I invested in buying a leasehold flat in Halifax, conveyancing having been completed August 1995. Can you work out an approximate cost of a lease extension? Comparable properties in Halifax with over 90 years remaining are worth £171,000. The ground rent is £50 invoiced annually. The lease expires on 21st October 2105
You have 79 years unexpired the likely cost is going to range between £8,600 and £9,800 plus professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account 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 getting professional advice.