Is there a reason why leasehold purchase conveyancing in Higham Ferrers costs more?
Higham Ferrers leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I am considering applying for a Barclays mortgage for purchase of a newly converted (under development) in Higham Ferrers with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Barclays ?
There is nothing to stop you using your solicitor, but Barclays will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Despite weeks of looking the Title Certificate and documents to our home can not be found. The solicitors who conducted the conveyancing in Higham Ferrers 5 years ago no longer exist. What are my next steps?
Nowadays there are copies made of almost everything, and your conveyancer will be aware precisely where to locate all the relevant paperwork so you can buy or dispose of your property without a hitch. Where duplicates can’t be found, your solicitor may be able to arrange cover in the form of insurance or indemnities against possible claims on your property.
I opted to have a survey done on a house in Higham Ferrers ahead of instructing conveyancers. I have been informed that there is a flying freehold element to the house. My surveyor has said that some mortgage companies tend refuse to grant a mortgage on a flying freehold premises.
It varies from the lender to lender. HSBC has different instructions from Birmingham Midshires. If you call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Higham Ferrers. Conveyancing may be slightly more expensive based on your lender's requirements.
My husband and I are new on the property ladder - had an offer accepted, yet the property agent advised that the owners will only issue a contract if we use their recommended conveyancers as they need a ‘quick sale’. We would rather use a high street conveyancer who is accustomed to conveyancing in Higham Ferrers
We suspect that the seller is not behind this ultimatum. Should the owner require ‘a quick sale', turning down a genuine purchaser is not the way to achieve this. Speak to the owners direct and explain that (a)you are serious purchasers (b)you are ready to go, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)however you will continue to instruct your preferred Higham Ferrers conveyancing solicitors - not the ones that will earn their negotiator at the agency a kickback or hit his conveyancing figures pre-set by HQ.
I own a leasehold flat in Higham Ferrers. Conveyancing and Accord Mortgages Ltd mortgage are in place. A letter has just been received from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1991. The conveyancing practitioner in Higham Ferrers who previously acted has now retired. Any advice?
The first thing you should do is contact HMLR to be sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. You do not need to instruct a Higham Ferrers conveyancing firm to do this as it can be done on-line for less than a fiver. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Higham Ferrers Leasehold Conveyancing - Examples of Queries Prior to buying
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Is the freehold owned collectively by the tenants? Please tell me if there are any major works on the horizon that will likely increase the service charges? Best to be warned if redecorating or some other major work is pending to be shared amongst the tenants and may well materially impact the level of the service charges or result in a one off invoice.