In the event thatI was to buy a freehold homein Leicester mortgage fee and dispense with a survey and no local authority searches how much could I expect to to save on my conveyancing in Leicester?
The sole saving you would make on is the Leicester conveyancing searches. Your conveyancing practitioner is required to do the vast majority of work - money laundering, correspond with the sellers property lawyer, stamp duty submission, register the property etc. A marginal saving might be made by not needing to register a mortgage however it will not be meaningful.
I am buying a property and require a conveyancing solicitor in Leicester who is on the Norwich and Peterborough Building Society approved. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Norwich and Peterborough Building Society in certain locations such as Leicester. We dont recommend any particular firm.
It has been 2 months following my purchase conveyancing in Leicester concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. 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 premises 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.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one close by in Leicester I like with open areas and station in the vicinity, the downside is that it only has 52 years on the lease. I can't really find anything else in Leicester suitable, so just wondered if I would be making a mistake buying a short lease?
If you require a mortgage the remaining unexpired lease term will likely be an issue. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
How can the Landlord & Tenant Act 1954 affect my business offices in Leicester and how can you help?
The 1954 Act gives protection to business lessees, granting the a statutory right to make a request to court for a continuation of occupancy at the end of an expired lease. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Leicester is one of our many areas of the UK in which our lawyers are located
I am soon to complete on the purchase a house in Leicester but as a consequence of wreckage from the recent storms I have agreed recompense from the seller of £3k in the form of a deduction in the price. This was going to be addressed as part of the conveyancing process however the bank will not agree to this. Why were they notified?
Your solicitor listed on a bank conveyancing panel is required to disclose to the bank of any amendments to the sale price. If you did not allow your conveyancer to report the price change to your bank then they would need to refrain from acting for you and the lender.