Just contacted my conveyancing solicitor in Rochester who conducted the legals 18 months ago and wanted a conveyancing estimate based on the same type of house sale & purchase (a leasehold premises and a freehold property) of similar values with a home loan from The Royal Bank of Scotland. I am now being charged double. Should I look for an alternative property lawyer?
The estimate fees appear a little high. If you you were to look around you could decrease the fees marginally by perhaps a hundred pounds. On the other hand, assuming were pleased with the service the firm provided you couldlive to rue choosing an an untested solicitor. Don't forget to be sure the solicitor can act for The Royal Bank of Scotland. You can employ our search tool to select a Rochester conveyancing firm on the The Royal Bank of Scotland member panel, which can often include conveyancing solicitors in Rochester.
How up to date is your database of Rochester solicitors on the UBS conveyancing panel? Do UBS send you an updated list?
Rochester conveyancing firms themselves provide us confirmation that they are on the UBS conveyancing panel as opposed to being supplied with a list from UBS directly.
Do I have to pop into the offices of the solicitor to sign the mortgage deed? If so, I will instruct a firm who offer conveyancing in Rochester so that I can attend their offices if necessary.
Most approved lawyers for lenders undertake the vast majority of work via the post, internet or over the phone. This enables them to conduct the conveyancing transaction no matter where you live in the country. Nevertheless you should check if you have the option of attending the offices of your conveyancing lawyer if just in case this is required.
I am intent on selling our property in Rochester and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. Any local conveyancer would know this is not the case. It does beg the question why the buyers are using a national conveyancing practice rather than a conveyancing solicitor in Rochester. Having lived in Rochester for three years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to get confirmation need.
It would appear that you have a conveyancing lawyer already. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
Over the last few months I have been searching for a ground for flat up to £195,000 and found one near me in Rochester I like with open areas and station in the vicinity, however it only has 49 remaining years left on the lease. I can't really find anything else in Rochester for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you require a mortgage the shortness of the lease will be an issue. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
My wife and I purchased a leasehold flat in Rochester. Conveyancing and Leeds Building Society mortgage are in place. A letter has just been received from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1996. The conveyancing practitioner in Rochester who acted for me is not around. What should I do?
The first thing you should do is contact the Land Registry to make sure that this person is in fact the new freeholder. You do not need to incur the fees of a Rochester conveyancing practitioner to do this as it can be done on-line for £3. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I acquired a basement flat in Rochester, conveyancing formalities finalised in 2006. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar flats in Rochester with an extended lease are worth £255,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease expires on 21st October 2099
With just 73 years remaining on your lease we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use the figures in tribunal or court proceedings. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information before getting professional advice.