It may have been a long time coming a loan agreement from Santander for the remortgage of my 3 room apartment is coming any day now. Could you suggest a cheap conveyancing solicitor in Cumberland?
This site is not designed to aid those in their quest for cut-price fees for conveyancing in Cumberland. Our aim is to provide cost effective conveyancing but our intention is not to advertise as being the cheapest. Avoid the trap of appointing organisations teasing you with £100 conveyancing in Cumberland. The optimum result, in deciding on cheap conveyancing, you will end up with what you pay for and at worst you will end up invoiced for extras and still not receive the service you were looking for.
Is there a reason why leasehold purchase conveyancing in Cumberland costs more?
In summary, leasehold conveyancing in Cumberland and elsewhere usually necessitates more hours of investigation compared to freehold transactions. This includes lease investigation, liaising with the landlord about the service of appropriate notices, obtaining current service charge and management information, procuring the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first granted.
We are selling our house in Cumberland. Does the conveyancer have to be on the Kent Reliance conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Kent Reliance 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 requirements fairly frequently currently.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what should have been a quick, chain free conveyancing. Cumberland is the location of the property. Can you offer any opinion?
Flying freeholds in Cumberland are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Cumberland you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cumberland may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I own a leasehold house in Cumberland. Conveyancing and Santander mortgage organised. I have received a letter from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1996. The conveyancing solicitor in Cumberland who previously acted has long since retired. What should I do?
The first thing you should do is contact HMLR to make sure that this person is in fact the new freeholder. You do not need to incur the fees of a Cumberland conveyancing lawyer to do this as it can be done on-line for £3. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I own a garden flat in Cumberland, conveyancing was carried out 9 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Cumberland with over 90 years remaining are worth £260,000. The average or mid-range amount of ground rent is £50 levied per year. The lease terminates on 21st October 2100
With just 75 years remaining on your lease we estimate the price of your lease extension to be between £8,600 and £9,800 plus costs.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There may be other concerns 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 based on this information before getting professional advice.
Should I be worried if there is an issue with one of the searches for our conveyancing in Cumberland?
Normally, almost all concerns exposed in Cumberland conveyancing search results can be dealt with ahead of completion or title insurance may be taken. You need to remember that regardless of the fact that you may be purchasing the premises and might be content to accept the search results, your building society or bank may not, and ultimately have the final decision.