We are purchasing a brand new duplex in Longhope and my lawyer is advising me that she has to the bank to reveal incentives from the builder. The Estate Agents are hassling me to exchange contracts and I don't want to delay matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I have todaybeen informed that Action Conveyancing have been shut down. They carried out my conveyancing in Longhope for a purchase of a freehold house 12 months ago. How can I check that my home is in my name in the name of the previous owner?
The easiest way to see if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Longhope conveyancing specialists.
I've recently found out that there is a flying freehold issue on a property I have offered on last month in what should have been a quick, chain free conveyancing. Longhope is the location of the property. What do you suggest?
Flying freeholds in Longhope are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Longhope you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Longhope may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I'm refinancing my existing home to a buy to let mortgage with HSBC Bank and I will use the rest of the raised equity towards another house. The neighborhood we are talking about is Longhope. Will your conveyancers be able to act for both sets of lenders and link together the conveyances?
Do use our search tool on this site to check that the solicitors are approved by both banks. Assuming that they are the solicitor will be able to simultaneously deal with the two transactions but you should talk with you conveyancer and specify your desired outcome and needs.
My wife and I purchased a leasehold house in Longhope. Conveyancing and The Royal Bank of Scotland mortgage are in place. A letter has just been received from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1994. The conveyancing practitioner in Longhope who acted for me is not around. Do I pay?
The first thing you should do is make enquiries of the Land Registry to make sure that this person is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Longhope conveyancing solicitor to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I purchased a 1 bedroom flat in Longhope, conveyancing was carried out 8 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar flats in Longhope with a long lease are worth £202,000. The average or mid-range amount of ground rent is £60 charged once a year. The lease terminates on 21st October 2082
You have 57 years unexpired the likely cost is going to be between £28,500 and £33,000 plus professional fees.
The suggested premium range that we have given is a general guide to costs for renewing 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 are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.
Been looking for a solicitor for freehold sale conveyancing in Longhope. We are selling, simple no mortgage to pay off, no hurry, no onward chain. Had a quote from a property lawyer for £800 excluding VAT which is a little steep given that its so straightforward. Is it possible to find less expensive fees for conveyancing in Longhope?
Given that it’s a sale only, £425 + VAT is likely to be about the best for sale conveyancing in Longhope.