Just been in touch with my conveyancing solicitor in Shropshire who conducted the legals two years ago and wanted a conveyancing estimate based on the same type of home move (a leasehold residence and a freehold premises) of similar values with a loan from The Royal Bank of Scotland. It looks as though am now being charged twice the amount. Stick with what I know or do I try and find an alternative firm of conveyancing solicitor?
The estimate does seem a little on the high side. If you are content to spend time comparing quotes you could get the conveyancing a bit cheaper by say £125. That being said, providing that you were happy with the legal work the firm offered you couldlive to rue opting for an a cheaper lawyer. If is important to check that the conveyancer can also act for The Royal Bank of Scotland. You can make use of our search tool to get a quote a Shropshire conveyancing firm on the The Royal Bank of Scotland approved list of lawyers, which can often include conveyancing solicitors in Shropshire.
Are the Shropshire conveyancing solicitors identified as being on the Aldermore conveyancing panel, together with their details provided by Aldermore?
Shropshire conveyancing firms themselves provide us confirmation that they are on the Aldermore conveyancing panel as opposed to being supplied with a list from Aldermore directly.
About to place a bid on a leasehold property in Shropshire. The selling agents assure me that it is usual for flats in Shropshire to have less than 75 years left on the lease. I am obtaining a mortgage with Bank of Ireland. Will the property be mortgageable given that the lease has 69 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 21/12/2024 the requirements read as follows :
I am looking for a leasehold apartment up to £305k and found one round the corner in Shropshire I like with open areas and railway links nearby, however it only has 52 years on the lease. There is not much else in Shropshire in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a home loan that many years may be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
How does the Landlord & Tenant Act 1954 affect my business premises in Shropshire and how can your lawyers assist?
The particular law that you refer to provides security of tenure to business tenants, giving them the legal entitlement to make a request to court for a continuation of occupancy when the lease comes to an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act for protection and help with commercial conveyancing in Shropshire
Online research suggests that Shropshire solicitors are more costly than licensed conveyancers in Shropshire when it comes to buying a property. Am I better off using a conveyancer or a solicitor if I am buying a house in Shropshire.
When it comes to conveyancing in Shropshire the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.