Recently been in touch with my conveyancing lawyer in Littleborough who completed the legal work 18 months ago and wanted a conveyancing estimate based on the same type of house sale & purchase (a leasehold property and a freehold premises) of almost identical values with a mortgage from Godiva Mortgages Ltd. It looks as though am now being quoted twice the amount. Better the devil I know or do I try and find an alternative property lawyer?
The charges are a little high. If you are content to expend time scrutinising prices you might get the conveyancing a bit cheaper by say £100 plus VAT. On the other hand, providing that you were happy with the service the firm provided you maycome to regret choosing an a cheaper lawyer. Remember to check that the solicitor can represent Godiva Mortgages Ltd. You can utilise our search tool to choose a Littleborough conveyancing firm on the Godiva Mortgages Ltd approved list of lawyers, which can often include conveyancing solicitors in Littleborough.
A relative advised me that in buying a property in Littleborough there could be various restrictions affecting the ability to carry out external changes to the property. Is this right?
There are a number of properties in Littleborough which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Littleborough should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Is it the case that all Littleborough CQS (Conveyancing Quality Scheme) solicitors are on the Co-operative conveyancing panel?
It is true that some lenders now use the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of firms.
I have a mortgage with Coventry BS for my property in Littleborough. Conveyancing was finalised 12 months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Coventry BS?
Your original mortgage agreement with Coventry BS will provide that you need their approval prior to renting your property as this is likely to be a breach of Coventry BS’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Coventry BS directly. You need not do this via a Coventry BS conveyancing panel lawyer.
I used Stirling Law several years past for my conveyancing in Littleborough. I now require my file however the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Littleborough of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one round the corner in Littleborough I like with amenity areas and station nearby, however it's only got 51 years unexpired on the lease. There is not much else in Littleborough in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage the shortness of the lease may be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this matter.
I am downsizing from my house. My previous conveyancers has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Littleborough if that makes things easier.
Do use our search tool to help you choose a solicitor for your conveyancing in Littleborough. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
I am looking at a two flats in Littleborough which have approximately forty five years remaining on the lease term. Will this present a problem?
A lease is a legal document that entitles you to use the property for a prescribed time frame. As the lease shortens the value of the lease reduces and results in it becoming more expensive to acquire a lease extension. For this reason it is advisable to increase the term of the lease. It is often difficult to sell a property with a short lease as mortgage lenders may be unwilling to lend money on properties of this type. Lease extension can be a protracted process. We recommend you get professional assistance from a solicitor and surveyor with experience in this arena.
I invested in buying a leasehold flat in Littleborough, conveyancing was carried out March 1997. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Littleborough with an extended lease are worth £190,000. The ground rent is £65 charged once a year. The lease expires on 21st October 2085
You have 61 years remaining on your lease the likely cost is going to span between £18,100 and £20,800 plus legals.
The suggested premium range 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 investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional 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 based on this information without first getting professional advice.