Would the conveyancing solicitors listed on your site perform conveyancing in Sneyd Green by way of an attended exchange?
There are a few conveyancing specialists carrying out 24hr exchanges. You should contact us to obtain a fee calculation and details as to dates.
Why do I have to pay up front when it comes to conveyancing in Sneyd Green?
If you are buying a property in Sneyd Green your lawyer will ask you to provide them with funds to cover the search fees. This will be the total of the cost of the conveyancing searches. When the down payment is as part of the purchase price then this should be needed immediately before contracts are exchanged. The closing balance that is due will be payable shortly before completion.
I am refinancing my property in Sneyd Green, does my lawyer need to be on the Aldermore Conveyancing panel?
There is nothing to stop you using your solicitor, but Aldermore will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
What can a local search tell me concerning the property we're purchasing in Sneyd Green?
Sneyd Green conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search organisations such as Searches UK The local search is essential in every Sneyd Green conveyancing purchase; that is if you don’t want any unpleasant once you have moved into your property. The search should provide information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic areas.
Are there restrictive covenants that are commonly picked up during conveyancing in Sneyd Green?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Sneyd Green. 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…’
Last November I purchased a leasehold flat in Sneyd Green. Am I liable to pay service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I inherited a ground floor flat in Sneyd Green, conveyancing having been completed in 1995. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Sneyd Green with an extended lease are worth £195,000. The average or mid-range amount of ground rent is £45 levied per year. The lease terminates on 21st October 2088
With only 63 years remaining on your lease the likely cost is going to be between £16,200 and £18,600 as well as costs.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.