Why do I have to pay up front for my conveyancing in Leicester?
Where you are retaining lawyers for conveyancing in Leicester your solicitor will ask you put them with funds to cover the search fees. This will be the total of the cost of the conveyancing searches. When the down payment is as part of the purchase price then this should be asked for shortly prior to exchange of contracts. Any further balance that is needed should be transferred a couple of days ahead of the completion date.
I had a mortgage agreed in principle with Co-operative. Leicester conveyancing lawyers have been appointed. How long does it take for Co-operative to issue the offer to the conveyancer?
There is no definitive answer here. Have Co-operative conducted the valuation? Have you informed Co-operative as to your lawyers' details and checked that your lawyers are on the Co-operative conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am due to exchange contracts on my apartment. I had a double glazing fitted in January 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Yorkshire BS are being a right pain. The Leicester solicitor who is on the Yorkshire BS conveyancing panel is saying indemnity insurance will be fine but Yorkshire BS are requiring a building regulation certificate. Why do Yorkshire BS have a conveyancing panel if they don't accept advice from them?
It is probably the case that Yorkshire BS have referred the matter to their valuer. The reason why Yorkshire BS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
About to purchase flat in Leicester. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Santander conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Leicester property lawyer is on the Santander conveyancing panel.
Despite weeks of looking the Title Certificate and documents to my property can not be found. The lawyers who dealt with the conveyancing in Leicester 10 years ago have long since closed. What do I do?
These day there are copies made of almost everything, and your conveyancer will know precisely where to find all the suitable documentation so you can purchase or dispose of your property without a hitch. Where copies can’t be found, your lawyer may be able to arrange cover in the form of insurance or indemnities protecting you against possible claims on your premises.
Over the last few months I have been searching for a ground for flat up to £245,000 and found one round the corner in Leicester I like with open areas and railway links nearby, the downside is that it's only got 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 acquiring a short lease?
Should you require a mortgage the shortness of the lease 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 existing owner has owned the property for a minimum of twenty four months you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
I'm refinancing my existing house to a buy to let loan with Skipton Building Society and I will use the ballance of the raised equity towards a second property. The area we are interested in is Leicester. Will your conveyancers be able to act for the two lenders and link together the transactions?
Make use of our comparison tool on this page to be sure that the lawyers are approved by both mortgage companies. On the basis that they are your solicitor will be able to tie up the two conveyancing matters but you should have a chat with you lawyer and communicate your desired outcome and requirements.
Helen (my wife) and I may need to rent out our Leicester 1st floor flat for a while due to a new job. We instructed a Leicester conveyancing practice in 2001 but they have since shut and we did not think at the time get any guidance as to whether the lease permits subletting. How do we find out?
A small minority of properties in Leicester do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord is not entitled to unreasonably withhold but, in such cases, they would need to review references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
I invested in buying a 1st floor flat in Leicester, conveyancing was carried out May 2004. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Leicester with a long lease are worth £171,000. The ground rent is £50 invoiced annually. The lease ceases on 21st October 2104
With just 79 years unexpired we estimate the premium for your lease extension to range between £8,600 and £9,800 plus costs.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.