I'm in the process of changing my current residential loan to a BTL Nottingham Building Society mortgage. The bank has said that I require a conveyancer as part of the process. I had a chat my previous Dover conveyancing practitioner who dealt with the legals when I initially bought the premises. The quote sent of £470 is surprising as its a remortgage than a sale or purchase.
The costs illustration is slightly on the high side. If you shop around you could decrease the fees marginally by say £125. That being said, providing that you were pleased with the legal work the firm offered you couldcome to regret choosing an a cheaper lawyer. Remember to enquire that the firm can also act for Nottingham Building Society. You can utilise our search tool to find a Dover conveyancing firm on the Nottingham Building Society member panel, which can often include conveyancing solicitors in Dover.
I have given 8 weeks notice to my current landlord and must be out of my let out flat in Dover by 30/11/2021. Conveyancing for my house purchase is progressing. How realistic is it to complete in 5 weeks as I wish to avoid having to find temporary accommodation?
Generally one should not serve notice on a rental until you have exchanged. Assuming that you have not already done so, speak to your lawyer and request that they seek the assistance the sellers side, try to get a realistic time scale from them that everyone will aim towards
My colleague advised me that where I am buying in Dover I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually quoted for as part of the standard Dover conveyancing searches. It is not a small report of more than thirty pages, listing and detailing important information about Dover around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Dover Education with plans and statistics, Local Amenities and other useful information concerning Dover.
I am looking for a leasehold apartment up to £235,500 and found one round the corner in Dover I like with open areas and railway links in the vicinity, the downside is that it only has 49 remaining years left on the lease. I can't really find anything else in Dover suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a mortgage the remaining unexpired lease term may be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you may ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
How can the Landlord & Tenant Act 1954 affect my commercial offices in Dover and how can your lawyers assist?
The particular law that you refer to gives security of tenure to commercial leaseholders, granting the dueness to make a request to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Dover is one of the hundreds of locations in which the firms we work with are based
I’m about to sell my 2 bed apartment in Dover. Conveyancing solicitors are to be appointed soon, but I have just received a half-yearly service charge invoice – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should pay the invoice as usual as all ground rent and maintenance charges should be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I inherited a basement flat in Dover, conveyancing was carried out January 2009. How much will my lease extension cost? Comparable flats in Dover with an extended lease are worth £216,000. The ground rent is £50 yearly. The lease comes to an end on 21st October 2090
With 69 years left to run we estimate the premium for your lease extension to range between £9,500 and £11,000 as well as professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.