We are buying a house and need a conveyancing solicitor in Shotton who is on the Santander conveyancing panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Santander . We don't recommend any particular firms conducting conveyancing in Shotton.
Are there restrictive covenants that are commonly identified during conveyancing in Shotton?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Shotton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Just had an offer accepted on a new build flat in Shotton. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Shotton
-
If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? There must be mutual enforceability of lessee’s covenants. Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
I am looking for a leasehold apartment up to £195,000 and found one near me in Shotton I like with open areas and railway links nearby, however it's only got 61 remaining years left on the lease. There is not much else in Shotton in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a home loan the remaining unexpired lease term may be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you may ask them to start the process of the extension and pass 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.
I am looking at a two apartments in Shotton both have approximately forty five years left on the leases. Should I regard a short lease as a deal breaker?
A lease is a right to use the property for a period of time. As the lease shortens the marketability of the lease deteriorates and it becomes more costly to extend the lease. This is why it is often a good idea to extend the lease term. It is often difficult to sell a property with a short lease because mortgage companies may be reluctant to lend money on such properties. Lease extension can be a protracted process. We recommend you get professional help from a solicitor and surveyor with experience in this arena.
I bought a split level flat in Shotton, conveyancing having been completed in 2007. 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 Shotton with an extended lease are worth £265,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease finishes on 21st October 2101
With 76 years remaining on your lease the likely cost is going to range between £8,600 and £9,800 plus costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.
I am looking to purchase a repossessed house in Shotton and the mortgagee in possession require completion inside 28 days. Can a property lawyer complete in this timeframe? Am I best advised to instruct a high street Shotton firm or an online conveyancer that advertises to complete quickly?
Visit your Shotton high street. Pop in to 3 companies and request to talk to a conveyancing solicitor for an estimate. Discuss your situation and get assurances on speed. Select the firm that appears most efficient. Make sure to choose a lawyer on the panel of solicitors who can act for your bank.