I'm in the process of changing my current homeowner loan to a Buy to Let Virgin Money mortgage. The bank has said that I require a solicitor for this. I got in contact with the same Alfriston conveyancing solicitor who who conducted the conveyancing when I previously acquired the property. The costs illustration supplied of £450 plus VAT has shocked me as its a remortgage than a sale or purchase.
The estimate does seem a tad on the high side. If you you were to look around you might shave off some of the expense by perhaps a hundred pounds. That being said, assuming were content with the service the firm offered you mightlive to rue choosing an an unknown lawyer. Remember to ensure the firm can represent Virgin Money. Do utilise our search tool to choose a Alfriston conveyancing firm on the Virgin Money approved list of lawyers, which can often include conveyancing solicitors in Alfriston.
I purchased a freehold house in Alfriston yet pay rent, why is this and what is this?
It is rare for properties in Alfriston and has limited impact for conveyancing in Alfriston but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
I am purchasing a house and require a conveyancing solicitor in Alfriston who is on the Skipton Building Society approved. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Skipton Building Society in certain locations such as Alfriston. We dont recommend any particular firm.
I am looking for a flat up to £245,000 and identified one close by in Alfriston I like with a park and railway links nearby, however it only has 61 remaining years left on the lease. I can't really find anything else in Alfriston suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage the shortness of the lease will likely be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months 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 current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
Completion is due on our sale of a £275,000 maisonette in Alfriston next Wednesday. The freeholder has quoted £300 for Certificate of Compliance, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Alfriston?
Alfriston conveyancing on leasehold flats often necessitates the buyer’s lawyer sending questions for the landlord to answer. Although the landlord is under no legal obligation to respond to such questions most will be content to do so. They are entitled to invoice a reasonable charge for responding to questions or supplying documentation. There is no upper cap for such fees. The average costs for the paperwork that you are referring to is £350, in some transactions it is above £800. The administration charge invoiced by the landlord must be accompanied by a synopsis of entitlements and obligations in respect of administration charges, otherwise the invoice is technically not due. Reality however dictates that you have little option but to pay whatever is demanded should you wish to sell the property.
Alfriston Leasehold Conveyancing - A selection of Queries Prior to buying
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It would be a good idea to find out if the the lease includes any onerous restrictions in the lease. By way of example plenty of leases prohibit pets being permitted in certain buildings in Alfriston. If you love the apartmentin Alfriston but your cat can’t move with you then you will be presented with a difficult compromise. Who takes responsibility for maintaining and repairing the block?
My husband and I have an offer in principle from Halifax who suggested that they will loan up to £300k. When do we need to instruct a lawyer for conveyancing? Alfriston is where we are purchasing.
It would be wise to instruct a conveyancing practitioner now and ask them to open a file for you. This will enable: 1) the selling agent to send out the Sales Memorandum to the relevant parties 2) the seller’s conveyancer to send out the draft contract. However, do not instruct your conveyancing practitioner to start searches until you receive your valuation report via Halifax and you are content to proceed.