I am searching for value for money property lawyer. Should I go for for an internet conveyancer rather than a local Bembridge conveyancing lawyer?
On the whole conveyancing practitioners in your area will enjoy excellent alliances with your local authority, which can assist with the Bembridge conveyancing searches that your conveyancer will need to carry out. It can only be a plus if they enjoy good rapport with the Local Land Registry Office your area Bembridge, other property lawyers in the location and Bembridge selling agents.
My uncle passed away six months ago and as sole heir and executor I was left the house in Bembridge. The house had a small mortgage left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Santander, pay off the mortgage. Is this allowed?
Given you plan to refinance then Santander will require that you use a conveyancer on the Santander conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Santander conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Santander mortgage is registered as a charge at the Land Registry.
Me and my brother have a semi-detached Georgian property in Bembridge. Conveyancing solicitor acted for me and Britannia. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold with the exact same property. Is it worth asking Britannia to clarify?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bembridge and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with your conveyancing practitioner who conducted the purchase.
Hoping to buy a property located in Bembridge and I am already nervous. I couldn't find anything specific about Bembridge. Conveyancing will be needed in due course but do you know about the Bembridge area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Bembridge. In the meantime here are some basic statistics that we found
In surfing the world wide web for the term cheap conveyancing in Bembridge it shows results of many property lawyersin the vicinity. How do I determine which is the suitable conveyancer for me?
The ideal method of finding a suitable conveyancer is through a personal referral, so seek the opinion of friends and relatives who have bought a property in Bembridge or the reputable estate agent or financial adviser. Charges for conveyancing in Bembridge vary, so it's a good idea to request a minimum of four fee calculations from varying types of property lawyers. Dont forget to clarify that the fees are fixed.
I am a negotiator for a long established estate agency in Bembridge where we have experienced a few flat sales jeopardised as a result of leases having less than 80 years remaining. I have been given contradictory information from local Bembridge conveyancing solicitors. Could you clarify whether the owner of a flat can start the lease extension process for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the disposal of the property.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I own a garden flat in Bembridge, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Bembridge with over 90 years remaining are worth £191,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease ceases on 21st October 2078
With 53 years remaining on your lease we estimate the price of your lease extension to span between £27,600 and £31,800 plus legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed investigations. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.