My partner’s brother is a solicitor. I am hopeful that I can be offered mate’s pricing for conveyancing, but if not, what kind of figure would I typically be looking at for conveyancing in Somerstown?
You should contrast pricing. Make use of our comparison tool on this site. The prices may vary but the service one can expect differ between law firms as is true with the vast majority of professional services.
We are about to sign contracts for a leasehold flat in Somerstown. We have hit a stumbling block. The loan offer with Britannia runs out on 10/9/2025 but the sellers are suggesting a completion date of 12/9/2025. Is it possible to prolong the loan expiry date?
The best person to address this concern is your lawyer who is in a position to calculate whether he or she is should be discussing with the mortgage broker, seller’s conveyancers, selling agents or possibly all parties given what has gone on in your conveyancing to date.
I have justfound out that Stirling Law have been shut down. They carried out my conveyancing in Somerstown for a purchase of a leasehold flat 9 months ago. How can I establish that the property is in my name in the name of the former proprietor?
The easiest way to see if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Somerstown conveyancing specialists.
I am looking into buying my first house which is in Somerstown and I am already nervous. I couldn't find anything specific about Somerstown. Conveyancing will be needed in due course but do you know about the Somerstown area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Somerstown. In the meantime here are some basic statistics that we found
I am looking at a two flats in Somerstown both have in the region of 50 years unexpired on the leases. should I be concerned?
A lease is a legal document that entitles you to use the premises for a prescribed time frame. As a lease shortens the value of the lease decreases and results in it becoming more costly to extend the lease. This is why it is often a good idea to increase the term of the lease. Sometimes it is difficult to sell a property with a short lease because mortgage companies less inclined to grant a loan on properties of this type. Lease extension can be a protracted process. We recommend you get professional help from a conveyancer and surveyor with experience in this arena.
I have given up trying to purchase the freehold in Somerstown. Can the Leasehold Valuation Tribunal adjudicate on premiums?
You certainly can. We are happy to put you in touch with a Somerstown conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Somerstown property is Flat 120, Clare Court Judd Street in August 2013. the Tribunal held that the premium to be paid for the extension of the lease should be £64,650 This case related to 1 flat. The unexpired term was 62.79 years.
Why do Somerstown conveyancing costs are more expensive for leasehold and freehold properties?
There is always more work involved for leasehold conveyancing. Somerstown has many leasehold properties. There is more paperwork involved in the purchase: for example, the lease and leasehold information (including current service charge, ground rent and buildings insurance details) obtained from the freeholder or managing agents. There are strict criteria that the lease must meet in order to be acceptable to a mortgage company. If it does not meet these requirements, the lease must be amended, which can involve additional expense for the seller.