I have an AIP. The lender mentioned the loan came with free conveyancing. Does this mean I have to appoint their panel conveyancer as I would prefer to instruct a local conveyancing solicitor in Rawdon and Yeadon?
Do check but the chances are that appoint one of their panel conveyancers should you accept the "fee-free" deal. Speak to the mortgage company and check if they offer you a cash alternative. Some mortgage companies have previously offered a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor near Rawdon and Yeadon.
My lawyer has informed me that defective lease insurance is required on my purchase. What is the level of cover for Rawdon and Yeadon conveyancing?
The right level of defective lease indemnity insurance depends on who your lender is. It would differ for example between HSBC Bank and Coventry Building Society. Conveyancing lawyers as opposed to borrowers take out such policies.
Is it correct that all Rawdon and Yeadon CQS (Conveyancing Quality Scheme) solicitors are on the Skipton conveyancing panel?
Some major lenders now make use of the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their panels.
I am currently in the process of buying my council flat in Rawdon and Yeadon. I have a mortgage offer with Clydesdale. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Clydesdale, you will need to appoint a solicitor on the Clydesdale conveyancing panel.
Over the last few months I have been searching for a ground for flat up to £235,500 and identified one close by in Rawdon and Yeadon I like with open areas and transport links nearby, the downside is that it only has 52 years unexpired on the lease. I can't really find anything else in Rawdon and Yeadon in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you require a home loan that many years will be an issue. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you can ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
How can the Landlord & Tenant Act 1954 affect my business property in Rawdon and Yeadon and how can your lawyers assist?
The particular law that you refer to provides a safeguard to commercial lessees, giving them the a statutory right to make a request to court for a renewal lease and continue in occupation at the end of the lease term. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Rawdon and Yeadon is one of the hundreds of areas of the UK in which our lawyers have offices
Harry (my fiance) and I may need to let out our Rawdon and Yeadon 1st floor flat for a while due to a new job. We instructed a Rawdon and Yeadon conveyancing firm in 2003 but they have since shut and we did not think at the time seek any guidance as to whether the lease prohibits the subletting of the flat. How do we find out?
A small minority of properties in Rawdon and Yeadon do contain a provision to say that subletting is only allowed with permission. The landlord cannot unreasonably refuse but, in such cases, they would need to see references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
I am the registered owner of a ground floor flat in Rawdon and Yeadon, conveyancing formalities finalised April 1997. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Rawdon and Yeadon with an extended lease are worth £260,000. The average or mid-range amount of ground rent is £45 yearly. The lease ceases on 21st October 2100
With only 75 years left to run we estimate the premium for your lease extension to be between £8,600 and £9,800 plus costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.
Do I stop my mortgage payments with TSB once a completion date for my sale in Rawdon and Yeadon has been set?
No, you should continue meeting any mortgage sums to TSB until the mortgage is discharged out of the proceeds of sale as part of your Rawdon and Yeadon conveyancing.