We note that you have a post code search directory listing solicitors on the Co-operative conveyancing panel. Do companies pay you a referral fee if I retain them for our conveyancing in Keelby?
We are a listing service only for law firms wishing to communicate if they are on the Co-operative conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Keelby.
We just had an offer accepted to purchase with Earl Shilton BS. We have called around locally but am struggling to find a Keelby conveyancing firm on the Earl Shilton BS panel. Please you help?
Feel free to take advantage of the search tool on this site. Pick the lender and type Keelby or your location and you will be presented with numerous conveyancers offices in Keelby or near you.
I happen to be the single beneficiary of my late father’s will with all property in now in my sole name, including the my former home in Keelby. Conveyancing formalities meant that the Land Registry date was in February. I want to move. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my property ownership will be regarded the same way as if I'd bought the property in February. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be affected by that. How sensible a view banks take of it, depend on the lender as this clause chiefly exists to pick up on the purchase and immediately sell or the wholesaling and assigning of properties.
I am currently in the process of buying my council flat in Keelby. I have a mortgage agreed with Clydesdale. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Clydesdale, you will need to appoint a solicitor on the Clydesdale conveyancing panel.
The formalities of my purchase has taken place for my property in Keelby. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
All lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. We understand that complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
I am looking for a ground for flat up to £195,000 and identified one round the corner in Keelby I like with a park and transport links in the vicinity, however it's only got 52 years on the lease. There is not much else in Keelby suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a mortgage that many years may be a potential deal breaker. 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 twenty four months you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.
My partner has suggested that I instruct his conveyancing solicitors in Keelby. Should I use them?
There are no two ways about it the best way to select a conveyancing solicitor is to seek feedback from friends or relatives who have actually experience in using the solicitor you're contemplating using.
I am looking at a two maisonettes in Keelby which have in the region of forty five years unexpired on the lease term. should I be concerned?
There are no two ways about it. A leasehold apartment in Keelby is a wasting asset as a result of the reducing lease term. The closer the lease gets to zero years unexpired, the more it adversely affects the salability of the premises. For most buyers and banks, leases with under 75 years become less and less attractive. On a more upbeat 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 property 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 Keelby 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. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. 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 basement flat in Keelby, conveyancing was carried out in 2010. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Keelby with a long lease are worth £195,000. The average or mid-range amount of ground rent is £45 yearly. The lease comes to an end on 21st October 2088
With 63 years left to run the likely cost is going to range between £16,200 and £18,600 plus costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns 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 before getting professional advice.