Recently been in touch with my conveyancing lawyer in Market Drayton who completed the legal work two years ago asking for a conveyancing costs illustration based on the same type of home move (a leasehold residence and a freehold property) of almost identical values with a home loan from Lloyds TSB Bank. I am now being charged double. Should I hunt for an alternative property lawyer?
The charges are a little high. Where you are prepared to expend time contrasting costs you may be able to reduce the fees slightly by perhaps a hundred pounds. On the other hand, if you were happy with the legal work the firm gave you couldlive to regret choosing an an unknown solicitor. Don't forget to be sure the conveyancer can represent Lloyds TSB Bank. Do make use of our search tool to find a Market Drayton conveyancing firm on the Lloyds TSB Bank member panel, which can often include conveyancing solicitors in Market Drayton.
Please help. My Market Drayton lawyer is advising me that she is duty bound toconduct Market Drayton conveyancing searches asthe firm are on the Santanderconveyancing panel. Is this really necessary?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with a bank your solicitor has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook specifications . Even if you were a cash buyer you would be ill advised not to carry out Market Drayton conveyancing searches.
Me and my brother purchased a semi-detached Victorian property in Market Drayton. Conveyancing solicitor acted for me and Leeds Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold with the exact same property. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Market Drayton and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the position with the conveyancing lawyer who completed the work.
In what way does the Landlord & Tenant Act 1954 affect my business premises in Market Drayton and how can your lawyers assist?
The particular law that you refer to gives protection to business lessees, giving them the right to make a request to court for a renewal lease and remain in occupation when the lease reaches an end. There are limited grounds that a landlord can refuse a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Market Drayton is one of the numerous areas of the UK in which the firms we work with are located
Back In 2000, I bought a leasehold flat in Market Drayton. Conveyancing and Norwich and Peterborough Building Society mortgage organised. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1997. The conveyancing practitioner in Market Drayton who acted for me is not around. What should I do?
First make enquiries of the Land Registry to be sure that the individual purporting to own the freehold is in fact the new freeholder. There is no need to incur the fees of a Market Drayton conveyancing firm to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Leasehold Conveyancing in Market Drayton - Examples of Questions you should consider Prior to buying
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It is important to be aware whether redecorating or some other major work is anticipated that will be shared between the leasehold owners and may well dramatically impact the level of the maintenance charges or necessitate a specific invoice. It would be wise to discover if there are any onerous restrictions in the lease. For example plenty of leases prohibit pets being allowed in in a block in Market Drayton. If you like the apartmentin Market Drayton however your cat can’t make the move with you then you will be presented with a difficult choice. The prefered form of lease structure is a share of the freehold. In this situation the lessees enjoy control and although a managing agent is frequently employed where it is larger than a house conversion, the managing agent is directed by the tenants.
How and when do I pay stamp duty payable for my conveyancing in Market Drayton?
The majority of conveyancers tend to complete a stamp duty return for you as part of your Market Drayton conveyancing transaction for signature. After completion your property lawyer will submit the Land Transaction application to the Inland Revenue and - assuming they have the funds - settle any land tax liability for you.