Can you explain why leasehold purchase conveyancing in Wedmore costs more?
In short, leasehold conveyancing in Wedmore and Somerset usually involve additional hours of investigation compared to freehold conveyancing. This includes lease investigation, corresponding with the landlord about the service of appropriate notices, securing current service charge and management information, obtaining the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first granted.
We are expecting a mortgage offer soon. The bank mentioned the loan came with free conveyancing. Does this mean I have to instruct their panel conveyancer as I would prefer to appoint a local conveyancing solicitor in Wedmore?
Do check but the chances are that appoint one of their panel solicitors where you take up the "fee-free" offer. Speak to the bank to determine if they make available a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor near Wedmore.
I have recentlybeen informed that Action Conveyancing have been shut down. They carried out my conveyancing in Wedmore for a purchase of a leasehold flat 12 months ago. How can I establish that my home is not still registered in the name of the former proprietor?
The quickest method to check if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Wedmore conveyancing specialists.
What does commercial conveyancing in Wedmore cover?
Non domestic conveyancing in Wedmore covers a broad array of guidance, offered by regulated solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer 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.
I need to find a conveyancing solicitor for remortgage conveyancing in Wedmore. I happened to chance upon a site which appears to be the ideal offering If there is a chance to get all formalities done via web that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Back In 2004, I bought a leasehold flat in Wedmore. Conveyancing and Birmingham Midshires mortgage went though with no issue. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1992. The conveyancing practitioner in Wedmore who acted for me is not around. Any advice?
First make enquiries of the Land Registry to be sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Wedmore conveyancing solicitor to do this as it can be done on-line for less than a fiver. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I inherited a garden flat in Wedmore, conveyancing formalities finalised in 2003. Can you work out an approximate cost of a lease extension? Corresponding flats in Wedmore with a long lease are worth £202,000. The average or mid-range amount of ground rent is £60 per annum. The lease ends on 21st October 2081
You have 56 years unexpired we estimate the premium for your lease extension to be between £29,500 and £34,000 plus legals.
The figure above a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.