I can't travel far from St Annes Park. I would like to know the understand why all St Annes Park solicitors are not on all mortgage company panels?
Mortgage companies highlight the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud every year.The elimination of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which triggered a major policy change in the sector. It resulted in banks and building societies purging a number of firms off their official list of approved conveyancing practitioners .
We are buying a house and need a conveyancing solicitor in St Annes Park who is on the Principality conveyancing panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Principality . We don't recommend any particular firms conducting conveyancing in St Annes Park.
Me and my brother have a renovated Victorian house in St Annes Park. Conveyancing practitioner acted for me and Barclays Direct. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, the second leasehold with the matching address. If a house is not a freehold shouldn't I have been informed?
You need to 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in St Annes Park and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the position with the conveyancing practitioner who conducted the purchase.
My husband and I are first time buyers - agreed a price, but the selling agent advised that the owners will only move forward if we appoint the agent's preferred solicitors as they need a ‘quick sale’. Our preferred option is to instruct a high street conveyancer with experience of conveyancing in St Annes Park
We suspect that the seller is not behind this demand. If they want ‘a quick sale', turning down a genuine buyer is not the way to achieve this. Speak to the owners direct and explain that (a)you are genuine purchasers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)but you intend to use your own,trusted St Annes Park conveyancing lawyers - as opposed tothe ones that will earn the negotiator at the agency a referral fee or hit his conveyancing targets set by head office.
I am attracted to a couple of maisonettes in St Annes Park which have approximately forty five years remaining on the leases. Should I regard a short lease as a deal breaker?
There are plenty of short leases in St Annes Park. The lease is a right to use the premises for a prescribed time frame. As the lease gets shorter the marketability of the lease reduces and it becomes more costly to acquire a lease extension. For this reason it is advisable to extend the lease term. It is often difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We recommend you seek professional assistance from a solicitor and surveyor with experience in this area.
I own a studio flat in St Annes Park, conveyancing having been completed May 2000. 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 properties in St Annes Park with an extended lease are worth £206,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease finishes on 21st October 2092
You have 66 years unexpired we estimate the price of your lease extension to be between £11,400 and £13,200 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs without more detailed investigations. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.
There are plenty of properties in St Annes Park on unadopted roads. We are purchasing such a house. What are the pros and cons of buying a residence on a privately owned road?
St Annes Park conveyancing lawyers are familiar with dealing homeson private. The lawyer will review the Land Registry data to find any rights or liabilities. In many cases there is a residents association that owners pay into for the upkeep of the road. If there is one, the road will likely be maintained and appear nicer than council owned.