I am obtaining a offer of a home loan from Nat West. I would like to employ the services of a Licensed Conveyancer in Hilsea. Does the Nat West Conveyancing panel exclude Licensed Conveyancers?
The Nat West approved solicitor list is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I know that there are debates on Chancel Insurance on online forums. Do I require chancel insurance when acquiring a house in Hilsea? or Apparently there is a law dating back centuries that could mean that house owners residing in a parish church boundary may be liable to pay for maintenance towards the chancel in proximity to the church. Is this appropriate for conveyancing in Hilsea?
Unless a previous purchase of the property took place post 12 October 2013 you can take it that solicitors carrying out conveyancing in Hilsea to remain encouraging a chancel search and or chancel repair liability insurance.
I have been on the look out for a leasehold apartment up to £305k and found one close by in Hilsea I like with a park and railway links nearby, the downside is that it only has 52 years on the lease. There is not much else in Hilsea in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you need a home loan the remaining unexpired lease term will be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months 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 with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
Taking into account that I will soon spend over three hundred thousand on a two bedroom apartment in Hilsea I wish to have a conversation with the conveyancer regarding thehome move ahead of giving the go ahead to the firm. Can this be arranged?
Absolutely - we would be delighted to talk to you we do not take any clients on without you liaising with the solicitor who will be carrying out your property ownership legalities in Hilsea.There is no ‘factory style conveyancing’ - each client is unique person, not a matter number. The law firms that we put you in touch with believe that the fees you are calculated and presented to you for residential conveyancing in Hilsea should be the figure that you end up paying.
I have recently realised that I have 68 years unexpired on my lease in Hilsea. I need to extend my lease but my freeholder is can not be found. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. You will be obliged to demonstrate that you or your lawyers have used your best endeavours to locate the freeholder. In some cases a specialist should be helpful to carry out a search and prepare an expert document to be accepted by the court as proof that the freeholder can not be located. It is wise to seek advice from a conveyancer both on proving the landlord’s disappearance and the application to the County Court overseeing Hilsea.
I invested in buying a studio flat in Hilsea, conveyancing having been completed April 1997. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Hilsea with over 90 years remaining are worth £265,000. The ground rent is £50 charged once a year. The lease expires on 21st October 2102
You have 76 years remaining on your lease we estimate the premium for your lease extension to span between £8,600 and £9,800 plus costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.
I'm selling a flat in Hilsea. I can find my conveyancer's company on the Law Society's list, but I can't locate my lawyer's name on the list. Should I be concerned?
Not every individual in the law firm must be listed by the regulator. Provided there is a manager qualified to 'oversee' the conveyancing, the actual day-to-day activity can be undertaken by unqualified staff.