I am remortgaging my flat in Great Yarmouth, does my lawyer need to be on the Aldermore Solicitor panel?
There is nothing to stop you using your solicitor, but Aldermore will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
My colleague recommended that if I am purchasing in Great Yarmouth I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes quoted for as part of the standard Great Yarmouth conveyancing searches. It is not a small document of about 40 pages, listing and setting out important information about Great Yarmouth 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 House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information concerning Great Yarmouth.
I bought my apartment on 4 October and my personal details is not yet on the land registry website. Should I be concerned? My conveyancing solicitor in Great Yarmouth said it should be recorded in a couple of weeks. Are titles in Great Yarmouth uniquely lengthy to register?
As far as conveyancing in Great Yarmouth is concerned, registration is no quicker or slower than anywhere else in England and Wales. As opposed to being determined by geographic area, timeframes can adjust subject to the party submitting the application, whether it is in order and if the Land registry must send notices to any third persons or bodies. As of today approximately 80% of submission are completed in less than three weeks but occasionally there can be extensive delays. Registration occurs once the purchaser has moved in to the property therefore registration formalities is not always an essential issue yet where it is urgent that the the registration takes place urgently then you or your conveyancer must communicate with the Registry to express the reasoning for an expedited registration.
The estate agent has sent us the confirmation of our purchase of a new build flat in Great Yarmouth. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Great Yarmouth
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Please supply a car parking plan. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Forfeiture - bankruptcy or liquidation must not apply under this provision. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I am 3 weeks into a freehold purchase having been referred to conveyancers by the selling agent to carry out the conveyancing in Great Yarmouth. I am am extremely dissatisfied with the quality of service. Could you help me find new solicitors?
They would have to be really bad to suggest replacing them. Has your mortgage offer been generated? If so you must advise them of the new contact details and have the loan are issued to the new lawyers. The solicitor ideally needs to be on the mortgage company approved list to avoid supplemental expenses and delays. So that should be your starting point. Our search tool can assist you in finding a bank approved solicitor for your conveyancing in Great Yarmouth
Due to exchange soon on a basement flat in Great Yarmouth. Conveyancing solicitors assured me that they are sending me a report tomorrow. What should I be looking out for?
Your report on title for your leasehold conveyancing in Great Yarmouth should include some of the following:
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An explanation concerning the obligations as set out in the lease to to contribute towards maintenance costs - with regard to both the building, and the wider rights a tenant enjoys Whether your lease provides for a sinking fund for major works? You should know if the lease allows you to change or upgrade anything in the flat- you must know whether it relates to all alterations or limited to structural alteration, and whether permission is required Who has the liability for maintaining the window frames Ground rent - how much and when is collected, and be on notice if this will change in the future
I am the registered owner of a leasehold flat in Great Yarmouth, conveyancing was carried out half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Great Yarmouth with a long lease are worth £211,000. The ground rent is £45 charged once a year. The lease terminates on 21st October 2093
With 68 years left to run we estimate the premium for your lease extension to span between £9,500 and £11,000 as well as legals.
The figure above a general guide to costs for extending 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 are no doubt other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.