Can I use your services to locate a Conveyancing solicitor in The Meadows even if I’m not purchasing or selling a house, for instance if I wish to buy an office in The Meadows with a loan from TSB?
Our search tool is primarily utilised to locate residential conveyancing solicitors in The Meadows but we have set out towards the end of this page a few The Meadows commercial conveyancing firms. You should make contact with the company directly to see if they can also act for TSB
I am considering applying for a Nationwide mortgage for purchase of a newly converted (under development) in The Meadows with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Nationwide ?
There is nothing to stop you using your solicitor, but Nationwide will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Me and my brother own a renovated Victorian property in The Meadows. Conveyancing solicitor represented me and HSBC Bank. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, the second leasehold under 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 as there may be 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 The Meadows 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 your conveyancing lawyer who conducted the conveyancing.
I opted to have a survey completed on a property in The Meadows in advance of appointing lawyers. I have been told that there is a flying freehold aspect to the property. The surveyor advised that some lenders may refuse to issue a mortgage on such a house.
It depends who your proposed lender is. HSBC has different instructions from Halifax. If you e-mail us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in The Meadows. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in The Meadows to see if the conveyancing will be more expensive.
How do I locate a The Meadows law firm on the Godiva Mortgages Ltd conveyancing panel? I am a keen cyclist and am prepared to travel upto 20miles to meet the conveyancer.
Feel free to make use of the facility on this page. Please pick a bank and your location and you will see a number of The Meadows conveyancing lawyers locally. We have listed some The Meadows conveyancing firms at the bottom of this page and you can call them to verify whether they are on the Godiva Mortgages Ltd panel
I am attracted to a couple of maisonettes in The Meadows which have in the region of 50 years left on the lease term. Do I need to be concerned?
There is no doubt about it. A leasehold apartment in The Meadows is a wasting asset as a result of the reducing lease term. The closer the lease gets to zero years unexpired, the more it reduces the marketability of the property. The majority of buyers and lenders, leases with less than eighty years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with The Meadows conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I bought a 1st floor flat in The Meadows, conveyancing formalities finalised in 2000. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in The Meadows with over 90 years remaining are worth £192,000. The ground rent is £55 invoiced annually. The lease finishes on 21st October 2080
With only 54 years remaining on your lease we estimate the premium for your lease extension to range between £32,300 and £37,400 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.