What guidance do you have for searching for reasonably priced conveyancing in Shenley?
Option 1 is to ask relatives whom they would instruct.
Option 2 is to look on the internet for conveyancing in Shenley. Pick up the phone to a couple or more firms from the list and ask them to forward you their conveyancing quote and speak to the lawyer who will conduct your legal process prior tocommitting.
Option 3 is to use our search tool to help you find the right lawyers for you based on your individual expectations including the type of property,timings, complications and who your intended lender is. Do not be fooled by £100 conveyancing in Shenley
My father informed me that in buying a property in Shenley there may be various restrictions affecting the ability to carry out external changes to a property. Is this right?
We are aware of anumerous of properties in Shenley which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Shenley should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Can I be sure that the Shenley conveyancing solicitor on the Leeds Building Society panel is any good?
When it comes to conveyancing in Shenley getting recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advise that you speak with the lawyer handling your transaction.
I have paid off my mortgage with Leeds Building Society. I assume I don't need a Shenley conveyancing practitioner on the Leeds Building Society panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Leeds Building Society mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Leeds Building Society mortgage from the register. Leeds Building Society, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Leeds Building Society has sent the Land Registry the discharge electronically, and
- Leeds Building Society has instructed the Land Registry to do so
My partner and I are selling our house in Shenley and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. A high street Shenley lawyer would know that there is no such problem. It does beg the question why the purchasers used an internet conveyancing outfit as opposed to a conveyancing solicitor in Shenley. We have lived in Shenley for many years we know of no issue. Should we get in touch with our local Authority to obtain clarification that there is no issue.
It would appear that you have a conveyancing solicitor currently acting for you. What do they say? You should enquire of 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 health insurance to cover that same ailment)
Due to the guidance of my in-laws I had a survey completed on a house in Shenley prior to appointing conveyancers. I have been advised that there is a flying freehold overhang to the house. My surveyor advised that some lenders may refuse to issue a mortgage on this type of premises.
It varies from the lender to lender. HSBC has different instructions for example to Halifax. If you call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Shenley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Shenley to see if the conveyancing costs will increase in light of this.
Given that I will soon spend hundreds of thousands of pounds on a property in Shenley I wish to have a conversation with the solicitor regarding thetransaction in advance of instructing the firm. Can this be arranged?
We could not agree more - we would be pleased to talk to you we do not take any clients on without you speaking to the solicitor due to be doing your property ownership legalities in Shenley.There is no ‘factory style conveyancing’ - every client is unique person, not a case number. The law firms that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Shenley should be the figure that you end up paying.
I am attracted to a couple of apartments in Shenley which have about 50 years left on the lease term. Do I need to be concerned?
There is no doubt about it. A leasehold apartment in Shenley is a wasting asset as a result of the shortening lease. The nearer the lease gets to zero years unexpired, the more it reduces the value of the property. For most buyers and lenders, leases with less than 75 years become less and less attractive. On a more upbeat 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 a property 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 Shenley conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new 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 ground-floor 1960’s flat in Shenley. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the sum due for a lease extension?
Where there is a absentee freeholder or where there is disagreement about what the lease extension should cost, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to arrive at the sum to be paid.
An example of a Lease Extension case for a Shenley residence is Ground Floor Maisonette 17 Milton Road in January 2014. The Tribunal determined the premium payable by the Applicant to the should be £13,299 This case was in relation to 1 flat. The unexpired lease term was 71.73 years.