My partner’s sister is a property lawyer. I am hopeful that I will be offered preferential fee for conveyancing, but if not, what kind of costs would I typically be looking at for conveyancing in Hethersett?
It’s wise to look for multiple conveyancing estimates. Make use of our search tool on this site. The charges seem to be different but service levels do are distinct between law firms as is true with most professions.
Would the conveyancing practitioners Indexed on your site carry out auction conveyancing in Hethersett?
We know of a few auction lawyers we can connect you with those who can conduct auction conveyancing. Hethersett is just one of the many locations where our lawyers have offices.
I am considering applying for a Kent Reliance mortgage for purchase of a newly converted (under development) in Hethersett with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Kent Reliance ?
In theory, you could use a solicitor that is not on the Kent Reliance conveyancing panel, but Kent Reliance would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
It has been 2 months since my purchase conveyancing in Hethersett completed. I have checked the Land Registry website 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.
In my capacity as executor for the estate of my grandfather I am selling a residence in Monmouth but I am based in Hethersett. My lawyer (who is 250 kilometers awayneeds me to sign a statutory declaration before the transaction finalising. Can you recommend a conveyancing solicitor in Hethersett who can attest this legal document for me?
Technically speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are Hethersett based
I am attracted to a two flats in Hethersett which have about fifty years unexpired on the leases. Will this present a problem?
There are no two ways about it. A leasehold flat in Hethersett is a deteriorating asset as a result of the shortening lease. The closer the lease gets to zero years unexpired, the more it adversely affects the marketability of the premises. The majority of buyers and lenders, leases with under eighty years become less and less marketable. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property 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 a residence 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 Hethersett 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 the agreed 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.
I am the registered owner of a 1st floor flat in Hethersett, conveyancing formalities finalised 4 years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Hethersett with a long lease are worth £201,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease comes to an end on 21st October 2090
With only 65 years unexpired we estimate the price of your lease extension to span between £13,300 and £15,400 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.