Why is leasehold purchase conveyancing in Longfield is more expensive?
Longfield leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
My wife and I have recently appointed a conveyancing solicitor in Longfield. I I would like to check whether they are accepted on the Halifax conveyancing panel. Can you help?
The first thing to do is call the solicitor and ask them if they are on the lender panel. Otherwise you should call Halifax who may be able to assist.
We are buying a house and the solicitor has identified Chancel Repair for which the property may be obligated to pay given it’s proximity to the area of such a church. He has recommended insurance. Is this really warranted for conveyancing in Longfield
Unless a previous purchase of the house took place post 12 October 2013 you could assume that conveyancing practitioners conducting conveyancing in Longfield to remain encouraging a chancel search and or chancel repair liability insurance.
I'm remortgaging my primary home to a buy to let mortgage with Godiva Mortgages Ltd and intend to use the remaining equity as a down payment on another house. The location we are talking about is Longfield. Will your conveyancers be able to act for the two mortgage companies and tie in the transactions?
Make use of our search tool on this site to check that the solicitors are on the appropriate lender panels. Having checked that they are your lawyer should be able to connect the two conveyancing matters but you should have a chat with you lawyer and specify your expectations and requirements.
My husband and I are a fortnight into a leasehold purchase having been referred to conveyancers by the high street agent to handle our conveyancing in Longfield. I am not happy. Can you you assist me in finding new lawyers?
A lawyer would have to be really poor to suggest changing them. Has the mortgage been issued? In the event that it has you will need to advise them of the new contact details and ensure the offer are issued to the new lawyers. Your conveyancer needs to be on the lenders approved list to avoid escalating fees and complications. So that should be your starting point. Our find a solicitor tool can help you find a lender approved solicitor for your home move in Longfield
I am on look out for some leasehold conveyancing in Longfield. Before diving in I would like to find out the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and most are in Longfield - then the leasehold title will always include the short particulars 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 am the registered owner of a 1st floor flat in Longfield, conveyancing was carried out April 2001. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Longfield with an extended lease are worth £185,000. The average or mid-range amount of ground rent is £65 per annum. The lease runs out on 21st October 2085
With 60 years remaining on your lease the likely cost is going to span between £20,000 and £23,000 as well as professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.