Recently contacted my conveyancing solicitor in Southwell who completed the legal work two years ago and wanted a conveyancing costs illustration based on an identical type of house move (a leasehold premises and a freehold property) of similar values with a home loan from Aldermore. I am now being charged twice the amount. Better the devil I know or should I try and find a cheaper online property lawyer?
The charges appear a tad high. If you shop around you may be able to get the conveyancing a bit cheaper by say £125. That being said, assuming were happy with the service the firm gave you maycome to regret opting for an a cheaper lawyer. Remember to ensure that the solicitor can represent Aldermore. You can employ our search tool to find a Southwell conveyancing firm on the Aldermore conveyancing panel, which can often include conveyancing solicitors in Southwell.
I have a 4 bedroom Edwardian property in Southwell. Conveyancing lawyer acted for me and Chelsea Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold under the exact same property. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Southwell and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with the conveyancing practitioner who completed the work.
I am buying a new build house in Southwell with a loan from Barnsley Building Society. The developers refused to reduce the amount so I negotiated £7000 of extras instead. The property agent told me not disclose to my solicitor about this extras as it will jeopardize my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
What does commercial conveyancing in Southwell cover?
Southwell conveyancing for business premises covers a broad range of guidance, given by regulated solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
My step-father has suggested that I appoint his conveyancers in Southwell. Should I use them?
There are no two ways about it the ideal way to find a conveyancing solicitor is to seek referrals from friends or family who have experience in using the conveyancer that you are contemplating using.
Back In 2000, I bought a leasehold flat in Southwell. Conveyancing and Halifax mortgage are in place. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1993. The conveyancing solicitor in Southwell who previously acted has long since retired. Do I pay?
First make enquiries of the Land Registry to make sure that this person is indeed the registered owner of the freehold reversion. It is not necessary to instruct a Southwell conveyancing firm to do this as you can do this on the Land Registry website for £3. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I am the registered owner of a garden flat in Southwell, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Southwell with an extended lease are worth £180,000. The average or mid-range amount of ground rent is £65 per annum. The lease terminates on 21st October 2082
With just 58 years remaining on your lease we estimate the price of your lease extension to span between £22,800 and £26,400 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 a more accurate figure without more detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.