Just contacted my conveyancing solicitor in St Nicholas who conducted the legals 18 months ago requesting a conveyancing estimate based on an identical type of home move (a leasehold residence and a freehold property) of similar values with a loan from Accord Mortgages Ltd. It looks as though am now being quoted twice the amount. Am I right to be tempted to shop around for an alternative firm of conveyancing solicitor?
The quote is fractionally on the steep side. If you you were to look around you could decrease the fees slightly by as much as £125. On the other hand, assuming were pleased with the conveyancing the firm offered you maylive to rue opting for an an untested conveyancer. If is important to check that the firm can also act for Accord Mortgages Ltd. You can utilise our search tool to select a St Nicholas conveyancing firm on the Accord Mortgages Ltd member panel, which can often include conveyancing solicitors in St Nicholas.
My colleague recommended that where I am buying in St Nicholas I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually included in the estimate for your St Nicholas conveyancing searches. It is not a small report of more than thirty pages, listing and detailing significant information about St Nicholas around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information concerning St Nicholas.
The deeds to my home are lost. The lawyers who dealt with the conveyancing in St Nicholas 10 years ago are no longer around. Will I be able to sell the house?
As long as you have a registered title the information relating to your proprietorship will be documented by the Land Registry under a Title Number. It is easy to carry out a search at the Land Registry, locate your property and get up to date copies of the property title for a small fee. If the title is Leasehold then the Land Registry will also normally hold a certified copy of the Registered Lease and again, a copy can be obtained for a small fee.
The estate agent has sent us the confirmation of our purchase of a new build apartment in St Nicholas. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in St Nicholas
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Forfeiture - bankruptcy or liquidation must not apply under this provision. There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply a car parking plan. Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
I am looking to sell my house. My past lawyers closed down. I am in need of a recommendation of a conveyancing firm. I happen to live in St Nicholas if that makes a difference.
You should use our search tool to help you find a solicitor for your conveyancing in St Nicholas. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I work for a reputable estate agent office in St Nicholas where we see a number of flat sales put at risk due to leases having less than 80 years remaining. I have been given inconsistent advice from local St Nicholas conveyancing firms. Could you clarify whether the vendor of a flat can commence the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I bought a ground floor flat in St Nicholas, conveyancing was carried out half a dozen years ago. Can you work out an approximate cost of a lease extension? Equivalent properties in St Nicholas with over 90 years remaining are worth £222,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease ceases on 21st October 2095
With only 70 years unexpired we estimate the price of your lease extension to range between £9,500 and £11,000 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.