I am acquiring a leasehold flat in Kirkbymoorside. My property lawyer has never been on on the bank approved panel. Am I still permitted to appoint my Kirkbymoorside conveyancing solicitor even though they are excluded from the bank approved list?
You have a couple of alternatives available to you here
- Carry on with your existing Kirkbymoorside conveyancer but your mortgage company will no doubt appoint a lawyer on their approved panel. The net result is additional charges and probable delay.
- Appoint a new conveyancer to conduct the conveyancing, making sure they are on the bank conveyancing panel.
- Appeal to your conveyancing practitioner to apply to join the bank panel
My grandfather passed away six months ago and as sole heir and executor I was left the property in Kirkbymoorside. The house had a relatively small loan left on it of around £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Skipton, pay off the mortgage. Is this possible?
Where you plan to refinance then Skipton will insist on your using a conveyancer on the Skipton conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Skipton conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Skipton mortgage is registered as a charge at the Land Registry.
Despite weeks of looking the Title Certificate and documents to my property can not be found. The lawyers who conducted the conveyancing in Kirkbymoorside 10 years ago are no longer around. Will I be able to sell the house?
Assuming the title is registered the information relating to your ownership will be recorded by the Land Registry with a Title Number. It is easy to carry out a search at the Land Registry, find your house and order up to date copies of the Registered Entries for less than a fiver. Where the property is Leasehold then the Land Registry will usually retain a file copy of the Registered Lease and again, a copy can be ordered for a small fee.
I opted to have a survey completed on a property in Kirkbymoorside ahead of appointing conveyancers. I have been informed that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies will refuse to issue a loan on a flying freehold premises.
It varies from the lender to lender. Lloyds has different instructions from Nationwide. If you call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Kirkbymoorside. Conveyancing will be smoother if you use a solicitor in Kirkbymoorside especially if they are accustomed to such properties in Kirkbymoorside.
What does commercial conveyancing in Kirkbymoorside cover?
Kirkbymoorside conveyancing for business premises incorporates a wide range of guidance, provided by qualified solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
Having had my offer accepted I require leasehold conveyancing in Kirkbymoorside. Before I get started I want to be sure as to the remaining lease term.
Assuming the lease is registered - and 99.9% are in Kirkbymoorside - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I acquired a split level flat in Kirkbymoorside, conveyancing was carried out May 2008. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Kirkbymoorside with a long lease are worth £191,000. The average or mid-range amount of ground rent is £55 yearly. The lease ceases on 21st October 2079
With 53 years unexpired the likely cost is going to be between £27,600 and £31,800 plus legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you want to 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.