The mortgage agreement from HSBC for the remortgage of my single bedroom flat is coming any day now. Can you propose a low cost conveyancing lawyer in Towcester?
You have come to the wrong place to search for the lowest fares for conveyancing solicitors in Towcester. We can offer you affordable conveyancing but we do not work with the cheapest lawyers. Resist the temptation to appoint companies offering low cost conveyancing in Towcester. The optimum result, in going for cheap conveyancing, you will end up with what you pay for and at worst it will result in you invoiced for extras and still not end up with the service required.
Do the conveyancing practitioners Indexed on your site conduct auction conveyancing in Towcester?
We know of a few auction practitioners we can connect you with those specialising in auction conveyancing. Towcester is just one of our locations in which our lawyers have a presence.
four months have elapsed following my purchase conveyancing in Towcester took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Towcester differ for new build properties?
Most buyers of new build or newly converted property in Towcester come to us having been asked by the developer to sign contracts and commit to the purchase even before the premises is completed. This is because builders in Towcester usually purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Towcester or who has acted in the same development.
How difficult is it to transfer to a new conveyancer as I need to appoint a firm on the Skipton Building Society conveyancing panel. I hired a family conveyancing solicitor in Towcester five minutes from me but she is not approved by Skipton Building Society
It would be our pleasure to assist you select a conveyancing solicitor in Towcester on the Skipton Building Society panel. Please note that the solicitors that we list do not pay us fee if you instruct them and are under regulation of the SRA who oversee all conveyancing solicitors in Towcester. In making use of the find a conveyancing solicitor tool on this website, you can contrast costs for conveyancing solicitors in Towcester and beyond.
I am attracted to a two flats in Towcester which have approximately 50 years unexpired on the lease term. Will this present a problem?
There is no doubt about it. A leasehold apartment in Towcester is a deteriorating asset as a result of the shortening lease. The closer the lease gets to its expiry date, the more it adversely affects the salability of the property. The majority of buyers and mortgage companies, leases with less than eighty years become less and less marketable. On a more positive 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 residence 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 Towcester conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed 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 ground floor flat in Towcester, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Towcester with a long lease are worth £176,000. The average or mid-range amount of ground rent is £50 levied per year. The lease expires on 21st October 2104
With only 80 years remaining on your lease the likely cost is going to be between £7,600 and £8,800 plus costs.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.