Recently contacted my conveyancing lawyer in Nottinghamshire who completed the legal work two years ago and wanted a conveyancing estimate based on the same type of house sale & purchase (a leasehold property and a freehold property) of similar values with a mortgage from Norwich and Peterborough Building Society. It looks as though am now being charged double. Better the devil I know or should I seek out an alternative firm of conveyancing solicitor?
The estimate does seem a little on the high side. If you you were to look around you could reduce the fees marginally by perhaps £100 plus VAT. On the other hand, assuming were pleased with the assistance the firm offered you maycome to rue choosing an an untested conveyancer. Remember to ensure that the conveyancer can act for Norwich and Peterborough Building Society. You can make use of our search tool to find a Nottinghamshire conveyancing firm on the Norwich and Peterborough Building Society approved list of lawyers, which can often include conveyancing solicitors in Nottinghamshire.
Is it necessary during the course of the conveyancing process to have a meeting at the offices of the solicitor to execute the mortgage deed? If so, I will instruct a firm who offer conveyancing in Nottinghamshire so that I can attend their offices if required.
Whereas this was necessary 15 years ago, most lenders no longer oblige their conveyancing panel lawyer to witness the mortgagors signature. It will still be necessary for you to supply ID documents and there are still manifest advantages to using a local practitioner, in your situation a conveyancing solicitor in Nottinghamshire.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Nottinghamshire. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Nottinghamshire
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Please supply a car parking plan. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Forfeiture - bankruptcy or liquidation must not apply under this provision. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I am looking for a ground for flat up to £235,500 and identified one near me in Nottinghamshire I like with open areas and railway links in the vicinity, however it only has 51 years on the lease. I can't really find anything else in Nottinghamshire for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will likely be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
I have just started marketing my basement flat in Nottinghamshire. Conveyancing lawyers have not yet been instructed, however I have recently received a yearly maintenance charge invoice – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should discharge the service charge as normal given that all ground rent and service charges will be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I am the registered owner of a leasehold flat in Nottinghamshire, conveyancing was carried out October 2010. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Nottinghamshire with a long lease are worth £195,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease finishes on 21st October 2088
With 63 years left to run we estimate the premium for your lease extension to range between £16,200 and £18,600 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.
Can a conveyancer remove a name from the title of my property in Nottinghamshire ?
Extracting or adding someone to the title of your house is relatively straightforward. You’ll need to appoint a conveyancing practitioner to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a conveyancer