I am obtaining a mortgage with Santander. My intention is to retain the legal services of a Licensed Conveyancer in Silverton. Does the Santander Solicitor panel exclude Licensed Conveyancers?
The Santander conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
3 months have gone by since my purchase conveyancing in Silverton completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. 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 residence 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.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one round the corner in Silverton I like with a park and station nearby, the downside is that it only has 61 years unexpired on the lease. I can't really find anything else in Silverton suitable, so just wondered if I would be making a mistake buying a short lease?
Should you need a mortgage that many years will likely be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
My company is planning to lease a unit on the high street. Can you recommend conveyancers offering no-sale-no fees for non-domestic conveyancing in Silverton for under £2000?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Silverton, including the sale and purchase of businesses as well as simply premises. If you are intending to acquire or sell a shop, pub, restaurant, office, retail premises or a complete business we can find you the right solicitor. Regarding the charges this will depend on the structure and heads of terms of the deal. Let us have your details or call us so that we may supply you with a detailed commercial conveyancing calculation.
What are your top tips when it comes to finding a Silverton conveyancing practice to carry out our lease extension conveyancing?
When appointing a conveyancer for your lease extension (regardless if they are a Silverton conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you speak with several firms including non Silverton conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be helpful:
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If they are not ALEP accredited then why not? What are the charges for lease extension conveyancing?
Silverton Leasehold Conveyancing - A selection of Queries before buying
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Who takes responsibility for maintaining and repairing the building? Can you inform me if there are any major works in the planning that could add a premium to the maintenance costs? Most Silverton leasehold apartments will be liable to pay a service bill for the upkeep of the building levied on behalf of the management company. Should you acquire the property you will have to pay this amount, normally quarterly during the year. This could be anything from a couple of hundred pounds to thousands of pounds for blocks with lifts and large common grounds. There will also be a ground rent to be met annual, this is usually not a large figure, say about £25-£75 but you need to enquire as on occasion it can be many hundreds of pounds.
My father completed his conveyancing in Silverton Six years ago. He has since got married, divorced and in recent months got married again. He now wants to dispose of the Silverton property. I suspect that he will simply be asked to supply copies of his marriage certificates to the solicitor however he is concerned it will hold up the conveyancing. Is it worth updating the land title information for the house?
The is no need to bring up to date the title for the property as long as you have the evidence required to show how the name change resulted.
Any buyer’s conveyancing practitioner will examine the title information and ask for evidence to establish the name change for example marriage certificates.