I am buying a property mortgage free in Kingstanding. I have resided for the last 20 years in Kingstanding. Conveyancing searches are a lot of money. As I know the road and vicinity very well must I have all the conveyancing searches?
In the absence of a mortgage, then the vast majority of the Kingstanding conveyancing searches are non-obligatory. Your conveyancer will ’encourage you, perhaps strongly, that you should have searches carried out, but she has a professional duty to take that path of advice. One thing to bear in mind; if you are going to sell the house in the future, it will likely be be of interest to your prospective buyer what the searches reveal. Sometimes premises with functional issues can still throw up unexpected search results. A good conveyancing solicitor in Kingstanding should be able to give you some helpful guidance concerning this.
We note that you have a post code search directory listing solicitors on the Leeds Building Society conveyancing panel. Do companies pay you a referral fee if I retain them for our own conveyancing in Kingstanding?
We are a listing service only for law firms wishing to communicate if they are on the Leeds Building Society conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Kingstanding.
My home in Kingstanding is up for sale and I have accepted an offer. Does the solicitor have to be required to be on the Principality conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Principality conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently at the moment.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Kingstanding?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Kingstanding. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I decided to have a survey completed on a property in Kingstanding before retaining conveyancers. I have been told that there is a flying freehold element to the house. The surveyor has said that some banks may not give a loan on a flying freehold house.
It varies from the lender to lender. HSBC has different instructions from Halifax. If you call us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Kingstanding. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Kingstanding to see if the conveyancing will be more expensive.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the disposal of our £225,000 apartment in Kingstanding in just under a week. The management company has quoted £372 for Certificate of Compliance, building insurance schedule and 3 years statements of service charge. Is the landlord entitled to charge such fees for a flat conveyance in Kingstanding?
Kingstanding conveyancing on leasehold flats typically involves administration charges levied by landlords agents :
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Completing pre-exchange enquiries
Where consent is required before sale in Kingstanding
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I bought a split level flat in Kingstanding, conveyancing formalities finalised half a dozen years ago. Can you work out an approximate cost of a lease extension? Comparable flats in Kingstanding with over 90 years remaining are worth £202,000. The ground rent is £55 charged once a year. The lease ends on 21st October 2080
With just 56 years left to run the likely cost is going to be between £29,500 and £34,000 plus costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you 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 other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.