I had intended to instruct a conveyancing solicitor in Leconfield for our house move. Our financial adviser has since notified us that our mortgage lenders Britannia won't deal with them. Why is this not regarded as unfair competition?
A mortgage company can direct that a panel conveyancer act for it. You would be expected to meet the cost of this. Please make use of our database to select a solicitor to carry conveyancing in Leconfield on the Britannia conveyancing panel.
My friend advised me that where I am buying in Leconfield 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 Leconfield conveyancing searches. It is a large document of about 40 pages, listing and detailing important information about Leconfield 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, Leconfield Education with maps and statistics, Local Amenities and other useful information about Leconfield.
I have been on the look out for a leasehold apartment up to £245,000 and identified one near me in Leconfield I like with amenity areas and railway links in the vicinity, however it's only got 49 remaining years left on the lease. There is not much else in Leconfield in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you require a mortgage that many years will likely be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
In my capacity as executor for the estate of my grandmother I am selling a property in Cardiff but reside in Leconfield. My lawyer (who is 235 kilometers from meneeds me to execute a stat dec before completion. Could you suggest a conveyancing practitioner in Leconfield to attest and place their company stamp on the document?
Technically speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are Leconfield based
I am a negotiator for a reputable estate agent office in Leconfield where we have experienced a few leasehold sales jeopardised due to leases having less than 80 years remaining. I have received contradictory information from local Leconfield conveyancing solicitors. Could you clarify whether the vendor of a flat can commence the lease extension process for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I purchased a 1 bedroom flat in Leconfield, conveyancing formalities finalised in 2000. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Leconfield with over 90 years remaining are worth £201,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease expires on 21st October 2089
With only 65 years remaining on your lease we estimate the premium for your lease extension to span between £13,300 and £15,400 plus costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.
My boyfriend is purchasing a shared ownership flat in Leconfield. He was given a quote by the solicitor connected to the estate agents totaling £1245 . It was 9 years ago since I sold and bought a property and it cost was £450. Have costs really gone up that much?
What does the conveyancing estimate include? Is it just for the legal fees, or what you will be paying in total (for instance Leconfield searches, land registry fees, etc)