Me and my partner are about to complete buying a house in Murton but as a result of damage from the recent storms I have managed to agree reparation from the current proprietors in the sum of £2k by way of a reduction in the price. I had intended this to be addressed as part of the conveyancing process yet Bank of Ireland are not allowing this. Why were they notified?
The solicitor being on a Bank of Ireland approved list is obliged to disclose to Bank of Ireland of any amendments to the sale price. If you prohibit your conveyancer to notify the price change to Bank of Ireland then they would have to discontinue acting for you. In addition, Bank of Ireland and you would have to appoint a new solicitor for your conveyancing in Murton.
How up to date is your search tool for Murton conveyancing solicitors on the TSB conveyancing panel? Do TSB send you an updated list?
Murton conveyancing firms themselves provide us confirmation that they are on the TSB conveyancing panel as opposed to being supplied with a list from TSB directly.
My lawyer in Murton is not on the Accord Mortgages Ltd Approved Panel. Is it possible for me to use my family solicitor notwithstanding that they are not on the Accord Mortgages Ltd panel?
Your options are as follows:
- Carry on with your existing Murton solicitors but Accord Mortgages Ltd will need to retain a conveyancer on their list of acceptable firms. This will inevitably rack up the overall legal charges as well as result in frustration.
- Choose an alternative lawyer to to deal with the purchase, obviously checking they are on the Accord Mortgages Ltd panel
What does commercial conveyancing in Murton cover?
Murton conveyancing for business premises covers a wide array of advice, given by qualified solicitors, relating to business property. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
Last June I purchased a leasehold property in Murton. Do I have any liability for service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I purchased a split level flat in Murton, conveyancing was carried out 9 years ago. Can you work out an approximate cost of a lease extension? Comparable flats in Murton with an extended lease are worth £186,000. The ground rent is £55 invoiced annually. The lease expires on 21st October 2078
You have 53 years remaining on your lease we estimate the price of your lease extension to span between £27,600 and £31,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.
Being a leasehold owner I am liable for a service charge for my property in Murton. Due to losing my job and personal issues I fell behind with payments. I negotiated a clearance plan but there is still a couple of currently outstanding.
I want to sell and I am nervous that this will threaten to derail the sale if I have to discharge the arrears in advance. Do I have to settle before - is this possible?
Your solicitor should be able to negotiate with the management company, with a new to seeing if they would accept payment from completion monies. Here is an example of why it is advisable to appoint a conveyancing practitioner in Murton as they may well have an open line of communication with the management company.