I am buying a leasehold flat in Callington. My Conveyancer is not listed on the bank conveyancing list. Is it possible for me to appoint my Callington conveyancing solicitor even though they are not on the lender list of approved lawyers?
Your options include
- Complete the purchase with your existing Callington lawyer but your lender will undoubtedly appoint a lawyer from their approved list. The net result is additional charges and potential frustration.
- Appoint a fresh conveyancer to act in the purchase, making sure they are on the bank conveyancing panel.
- Convince your property lawyer to do everything possible to get listed on the mortgage company panel of solicitors
Would the conveyancing lawyers identified via your search tool handle conveyancing in Callington by way of an attended exchange?
We do have a number of conveyancing experts who can conduct personalised exchanges. Do e-mail us to receive a conveyancing quote and details as to availability.
It is a dozen years since I bought my home in Callington. Conveyancing solicitors have now been retained on the sale but I am unable to track down the title documents. Is this a problem?
You need not be too concerned. Firstly there is a chance that the deeds will be kept by your lender or they could be in the possession of the lawyers who handled the purchase. Secondly in most cases the title will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers procuring up to date copy of the land registers. Most conveyancing in Callington relates to registered property but in the rare situation where your home is unregistered it is more problematic but is not insurmountable.
We are selling our apartment in Callington. Will the conveyancer have to be on the Santander conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Santander 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 conditions fairly frequently at the moment.
My wife and I have a terraced Victorian house in Callington. Conveyancing solicitor represented me and Yorkshire Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Callington and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with the conveyancing lawyer who carried out the work.
I've found a house that appears to meet my requirements, at a great figure which is making it all the more appealing. I have since been informed that the title is leasehold as opposed to freehold. I would have thought that there are issues buying a leasehold house in Callington. Conveyancing lawyers have are soon to be appointed. Will my lawyers set out the implications of buying a leasehold house in Callington ?
The majority of houses in Callington are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can assist with the conveyancing process. it is apparent that you are buying in Callington so you should seriously consider shopping around for a Callington conveyancing solicitor and check that they are used to transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a lessee you will not be entirely free to do whatever you want to the property. The lease will likely included provisions for example obtaining the freeholder’sconsent to carry out changes to the property. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the house is part of an estate. Your solicitor should report to you on the legal implications.
I bought a garden flat in Callington, conveyancing having been completed 5 years ago. How much will my lease extension cost? Similar flats in Callington with an extended lease are worth £186,000. The average or mid-range amount of ground rent is £55 yearly. The lease terminates on 21st October 2076
With only 53 years unexpired we estimate the premium for your lease extension to span between £27,600 and £31,800 plus costs.
The figure 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 the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.