I am purchasing a house for cash in North Cave. I have lived for the last 20 years in North Cave. Conveyancing searches are a lot of money. As I have knowledge of the road and vicinity intimately should I not bother getting the solicitor to do all the conveyancing searches?
In the absence of a home loan, then almost all of the North Cave conveyancing searches are optional. Your solicitor will 'advise', perhaps strongly, that you should have searches done, but he has a professional duty to take that path of encouragement . One thing to take into account; if you are likely to dispose of the house in the future, it may be of interest to your future purchaser what the searches contain. Sometimes premises with apparent issues can still reveal unpredicted search results. A competent conveyancing solicitor in North Cave will be able to give you some sensible guidance concerning this.
Can I use your services to locate a Conveyancing solicitor in North Cave even where I’m not buying or disposing of a house, for instance if I want to buy an office in North Cave with a mortgage from Bank of Scotland?
Our search tool is primarily used to find domestic conveyancing solicitors in North Cave but we have set out towards the end of this page some North Cave commercial conveyancing firms. You will need to enquire with the company directly to check if they can also act for Bank of Scotland
The deeds to our house are lost. The lawyers who dealt with the conveyancing in North Cave 5 years ago have long since closed. Will I be able to sell the house?
Assuming you have a registered title the information relating to your proprietorship will be evidenced by HMLR under a Title Number. It is easy to perform a search at the Land Registry, locate your house and obtain up to date copies of the property title for a small fee. If the property is Leasehold then the Land Registry will also normally hold a file duplicate of the Registered Lease and again, a copy can be ordered for a small fee.
I'm refinancing my existing house to a buy to let mortgage with Platform Home Loans Ltd and intend to use the remaining equity as a deposit on another house. The area we are talking about is North Cave. Will your solicitors be able to act for both sets of lenders and link together the two deals?
Make use of our comparison tool on this site to ensure that the lawyers are on the relevant lender panels. Having checked that they are the conveyancer should be able to simultaneously deal with the two deals but you should talk with you solicitor and make apparent your expectations and requirements.
I need to appoint a conveyancing solicitor for my conveyancing in North Cave. I happened to discover a web site which appears to be the ideal answer If there is a chance to get all the legals completed via phone that would be preferable. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am attracted to a couple of flats in North Cave both have approximately forty five years remaining on the leases. Do I need to be concerned?
There are no two ways about it. A leasehold flat in North Cave is a wasting asset as a result of the shortening lease. The closer the lease gets to zero years unexpired, the more it adversely affects the marketability of the property. For most buyers and mortgage companies, leases with less than eighty years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with North Cave conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I am the registered owner of a 1 bedroom flat in North Cave, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in North Cave with an extended lease are worth £201,000. The ground rent is £45 yearly. The lease expires on 21st October 2089
With only 64 years left to run we estimate the premium for your lease extension to be between £14,300 and £16,400 plus professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.