How do I identify reasonably priced conveyancing in Salisbury?
First ask the people you trust who they would recommend.
Second, search the web for conveyancing in Salisbury. Pick up the phone to two or three from the list and invite them to email you their conveyancing fee calculations and discuss your needs with the solicitor who will conduct your legal process beforemaking your choice.
Option 3 is to make use of our search tool to assist you in finding the right lawyers taking into account your individual expectations including location,timings, complications and who your intended mortgage company is. Don't take the bait of £100 conveyancing in Salisbury
I am selling my house in Salisbury. Does my conveyancing practitioner need to be on the Kent Reliance conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Kent Reliance conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently at the moment.
Me and my brother have a terraced Georgian house in Salisbury. Conveyancing solicitor acted for me and Virgin Money. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Salisbury and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with the conveyancing lawyer who conducted the conveyancing.
I am looking for a leasehold apartment up to £305k and found one close by in Salisbury I like with amenity areas and railway links nearby, however it's only got 49 remaining years left on the lease. I can't really find anything else in Salisbury for this price, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a home loan that many years will likely be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
I have been advised by three or four local estate agents in Salisbury to select a property lawyer on your site. What’s the financial advantage for Estate Agents to recommend your services over and above alternative conveyancing organisations?
We refuse to give any referral fee for sending work in our direction. We thought it would be too underhand a fee because a client could think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
I am employed by a long established estate agent office in Salisbury where we have experienced a number of flat sales jeopardised due to leases having less than 80 years remaining. I have been given contradictory information from local Salisbury conveyancing solicitors. Can you clarify whether the owner of a flat can commence the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I invested in buying a 1 bedroom flat in Salisbury, conveyancing was carried out half a dozen years ago. Can you work out an approximate cost of a lease extension? Similar properties in Salisbury with a long lease are worth £260,000. The ground rent is £45 charged once a year. The lease terminates on 21st October 2100
With only 74 years remaining on your lease the likely cost is going to span between £8,600 and £9,800 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.