I was referred a conveyancer who has quoted £1200 for no sale no fee conveyancing in Lakenheath. I am selling a purpose built property for £125,000. Is this over the top? Is it above the average fee for conveyancing in Lakenheath?
The estimate does seem marginally overpriced. If you are happy to spend time contrasting charges you could trim some of the expense by perhaps a hundred pounds. On the other hand, you maycome to rue opting for an an unknown conveyancer. Don't forget to be sure that the solicitor can also act for your bank. Do employ our search tool to find a Lakenheath conveyancing firm on the banks member panel which can often include conveyancing solicitors in Lakenheath.
I have a terraced Georgian house in Lakenheath. Conveyancing solicitor represented me and Britannia. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, the second leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You should read 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 Lakenheath and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with the conveyancing practitioner who conducted the purchase.
Over the last few months I have been searching for a flat up to £195,000 and identified one round the corner in Lakenheath I like with open areas and station nearby, the downside is that it's only got 61 years on the lease. There is not much else in Lakenheath suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan that many years will be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
Is it simple use your search app to locate a conveyancing practitioner in Lakenheath on the panel for my lender?
First choose a bank such as Santander, Norwich and Peterborough Building Society or Nottingham Building Society then specify your preferred area e.g. Lakenheath. Conveyancing firms in Lakenheath and beyond should be listed.
I own a leasehold flat in Lakenheath. Conveyancing and Nottingham Building Society mortgage organised. A letter has just been received from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1998. The conveyancing practitioner in Lakenheath who previously acted has now retired. What should I do?
First contact the Land Registry to make sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. It is not necessary to incur the fees of a Lakenheath conveyancing firm to do this as you can do this on the Land Registry website for £3. 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.
I invested in buying a garden flat in Lakenheath, conveyancing formalities finalised 10 years ago. Can you work out an approximate cost of a lease extension? Corresponding properties in Lakenheath with over 90 years remaining are worth £211,000. The average or mid-range amount of ground rent is £45 yearly. The lease finishes on 21st October 2092
With just 67 years remaining on your lease we estimate the premium for your lease extension to span between £10,500 and £12,000 plus costs.
The suggested premium range above a general guide to costs for extending 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 other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.
I am buying a maisonette and cash is in place. I have provided solicitor with two separate evidence of photographic ID, bank statement, multiple utility bills. Now he wants a copy from a probate lawyer stating that the money is legitimate and that it has come from inheritance and not selling fake DVD.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Lakenheath conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.