Finally, a loan agreement from NatWest for the remortgage of my 2 bedroom apartment is coming within the next few days. Are you able to put forward a low cost conveyancing law firm in Lutterworth?
This site is not designed to assist those in their quest for the cheapest conveyancing in Lutterworth. We can offer you value for money conveyancing but our intention is not to advertise as being the cheapest. Resist the temptation to appoint brokers enticing you with low cost conveyancing in Lutterworth. Optimistically, in being led by low cost conveyancing, you will get your money’s worth and at worst you will end up invoiced for additional fees and still not get the service you were hoping for.
I own a freehold property in Lutterworth yet charged rent, why is this and what is this?
It is rare for properties in Lutterworth and has limited impact for conveyancing in Lutterworth but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
Please explain the implications if my solicitor is suspended from the UBS Solicitor panel ahead of completing my conveyancing in Lutterworth?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
I decided to have a survey done on a property in Lutterworth before retaining lawyers. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some lenders may refuse to issue a loan on this type of premises.
It depends who your proposed lender is. Santander has different requirements from Halifax. Should you wish to telephone us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Lutterworth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Lutterworth to see if the conveyancing will be more expensive.
What makes your site different to other web based conveyancing brokers when it comes to conveyancing in Lutterworth?
At this site obtain a fixed fee costs illustration from a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Lutterworth. As opposed to estate agents and many comparison sites we do not operate kick-back arrangements with solicitors. Many agents and online brokers 'recommend' the firm that pays the highest commission, as opposed to the best value conveyancing in Lutterworth
I am on look out for some leasehold conveyancing in Lutterworth. Before I get started I require certainty as to the unexpired term of the lease.
If the lease is registered - and most are in Lutterworth - 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.
Lutterworth Leasehold Conveyancing - A selection of Questions you should ask Prior to buying
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You will want to find out as much as possible about the managing agents as they will either make your life much easier or uncomfortable. Being a leasehold owner you will be at the mercy of the managing agents from a financial perspective and when it comes to practical matters such as the cleanliness of the common parts. Enquire of prospective neighbours whether they are happy with them. Finally, be sure you discover the dates that the maintenance fees are due to the appropriate party and specifically what it includes. Is the freehold reversion owned jointly by the tenants? Does the lease have in excess of 82 years left?