My wife and I are soon to exchange buying a property in Lifton but as a consequence of damage from the recent storms I have was able negotiate recompense from the seller of six thousand pounds in the form of a reduction in the price. This was going to be dealt with as part of amending the contract however Kent Reliance will not agree to this. Why were they informed?
The conveyancing practitioner that is on a Kent Reliance approved list is duty bound to advise Kent Reliance of any amendments to the purchase price. If you were to refuse your lawyer to disclose the reduction to Kent Reliance then they would have to discontinue acting for you. In addition, Kent Reliance and you would have to appoint a new conveyancing practitioner for your conveyancing in Lifton.
We are planning to buy with Norwich and Peterborough Building Society. We have called around locally yet cant to find a Lifton conveyancing firm on the Norwich and Peterborough Building Society approved list. Can you help?
Feel free to take advantage of the find a lender approved solicitor tool on this page. Pick the lender and type Lifton or your preferred area and you will be presented with numerous conveyancers offices in Lifton or near you.
I have been on the look out for a leasehold apartment up to £245,000 and identified one near me in Lifton I like with amenity areas and railway links in the vicinity, the downside is that it only has 49 years on the lease. There is not much else in Lifton suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a mortgage that many years will likely be problematic. Reduce 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 may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
As co-executor for the will of my grandmother I am disposing of a house in Swansea but I am based in Lifton. My lawyer (based 250 miles awayneeds me to sign a statutory declaration before the transaction finalising. Could you suggest a conveyancing solicitor in Lifton who can witness and place their company stamp on the document?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are Lifton based
Having checked my lease I have discovered that there are only Seventy years left on my flat in Lifton. I now wish to get lease extension but my freeholder is missing. What should I do?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the Court. You will be obliged to prove that you or your lawyers have done all that could be expected to track down the freeholder. For most situations a specialist may be helpful to carry out a search and prepare an expert document to be used as proof that the landlord can not be located. It is advisable to get professional help from a conveyancer both on proving the landlord’s absence and the application to the County Court covering Lifton.
I purchased a garden flat in Lifton, conveyancing was carried out 9 years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Lifton with an extended lease are worth £195,000. The ground rent is £45 charged once a year. The lease comes to an end on 21st October 2089
You have 63 years unexpired we estimate the premium for your lease extension to span between £16,200 and £18,600 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.
I have been recommended a conveyancing solicitor in Lifton. I need to find out if they are listed on the bank's conveyancing panel. Can you advise?
You should contact your lawyer and ask them if they are on the lender's approved list. If that does not help call us and we can investigate and revert. Should the firm not be on the conveyancing panel we we can help find a specialist conveyancing solicitor in Lifton on the panel for your lender.