Can the conveyancing lawyers Indexed on your site carry out auction conveyancing in Leicester?
We know of a number of auction practitioners we can put you in touch with those conducting auction conveyancing. Leicester is one of hundreds of locations in which our lawyers have a presence.
I'm spending time looking at flats in Leicester and I am about to put in an offer. Is it premature to have a solicitor in place? I am planning to take a mortgage with Kent Reliance.
It would be wise to instigate your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the selling agent. As you are seeking a mortgage with Kent Reliance, make sure you remember to check that your lawyer is on the Kent Reliance conveyancing panel.
I have today made my last payment due on my mortgage with UBS. I assume I don't need a Leicester lawyer on the UBS panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your UBS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the UBS mortgage from the register. UBS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where UBS has sent the Land Registry the discharge electronically, and
- UBS has instructed the Land Registry to do so
HSBC have agreed my mortgage in principle, my bid on a apartment in Leicester has been accepted, now what?
The property agent will want to know who your solicitors are (be sure the solicitors are on the bank’s approved list). Telephone HSBC or your financial adviser and finalise any appropriate paperwork. HSBC will appoint a valuer who will get in touch with the selling agent or vendor to book an appointment. Once conducted (assuming no problems) it takes about ten days to receive the mortgage offer. HSBC will send the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Leicester.
About to purchase a new build flat in Leicester. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Leicester
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There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
Over the last few months I have been searching for a leasehold apartment up to £245,000 and identified one close by in Leicester I like with a park and transport links in the vicinity, the downside is that it only has 51 remaining years left on the lease. I can't really find anything else in Leicester suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will likely be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
My uncle has encouraged me to instruct his lawyers for conveyancing in Leicester. Should I use them?
There are no two ways about it it’s preferable to find a conveyancing practitioner is to seek referrals from friends or relatives who have actually experience in using the conveyancer that you are considering.
Harry (my fiance) and I may need to let out our Leicester garden flat for a while due to a career opportunity. We instructed a Leicester conveyancing firm in 2001 but they have closed and we did not have the foresight to get any guidance as to whether the lease permits subletting. How do we find out?
A lease governs relations between the freeholder and you the leaseholder; in particular, it will indicate if subletting is prohibited, or permitted but only subject to certain conditions. The rule is that if the lease contains no expres ban or restriction, subletting is permitted. The majority of leases in Leicester do not contain subletting altogether – such a clause would undoubtedly devalue the property. Instead, there is usually simply a requirement that the owner notifies the freeholder, possibly supplying a duplicate of the sublease.
Leasehold Conveyancing in Leicester - Sample of Queries before buying
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It is important to be aware whether redecorating or some other major work is coming up to be shared by the leasehold owners and may well materially impact the level of the maintenance fees or result in a one time invoice. It would be sensible to discover if the the lease includes any onerous restrictions in the lease. By way of example it is reasonably common in Leicester leases that pets are not allowed in certain buildings in Leicester. If you like the flatin Leicester yet your cat is not allowed to move with you then you will be faced difficult compromise. If a Leicester lease has fewer than eighty years it will have adverse implications on the salability of the flat. It is worth checking with your mortgage company that they are willing to lend given the lease term. Leases with less than 80 years remaining means that you will probably have to extend the lease sooner rather than later and you need to have some idea of what this would cost. For most Leicesterlease extensions you would be required to have been the owner of the premises for two years before you are eligible to extend the lease.