I have just been advised by my estate agent that my Hanham solicitor is not on the lender Conveyancing panel. How can I be sure whether this is correct?
You need to call your Hanham conveyancer. You lawyer should notify you what has happened. Where they are not on the panel they may be able to suggest a Hanham conveyancing firm that is on the conveyancing panel for your mortgage company.
I have an AIP. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to instruct their panel conveyancer as I would much rather appoint a specialised conveyancing solicitor in Hanham?
You should check but the chances are that appoint one of their panel lawyers should you want the "fee-free" deal. Contact the lender to see if they make available a monetary alternative. Some lenders have previously offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor near Hanham.
My wife and I have a terraced Edwardian property in Hanham. Conveyancing lawyer acted for me and Barclays . I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold under the matching address. 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 for 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 Hanham and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with your conveyancing practitioner who conducted the work.
I am looking for a leasehold apartment up to £245,000 and found one near me in Hanham I like with amenity areas and station in the vicinity, the downside is that it only has 51 years unexpired on the lease. I can't really find anything else in Hanham suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you need a home loan that many years will likely be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you could ask them to 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 consult your conveyancing solicitor regarding this.
I am downsizing from my house. My past conveyancers has retired. I am in need of a recommendation of a conveyancing firm. I happen to live in Hanham if that makes a difference.
Do use our search tool to help you find a solicitor for your conveyancing in Hanham. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
I have recently realised that I have Fifty years unexpired on my lease in Hanham. I need to extend my lease but my freeholder is can not be found. What are my options?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the Court. However, you will be required to prove that you have used your best endeavours to locate the landlord. For most situations an enquiry agent would be helpful to carry out a search and prepare a report to be used as proof that the freeholder is indeed missing. It is advisable to get professional help from a conveyancer in relation to proving the landlord’s absence and the application to the County Court covering Hanham.
I acquired a basement flat in Hanham, conveyancing formalities finalised in 2005. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Hanham with a long lease are worth £179,000. The ground rent is £65 yearly. The lease comes to an end on 21st October 2082
With 57 years left to run the likely cost is going to span between £26,600 and £30,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and clearly you should 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.