Can the conveyancing practitioners highlighted through your search app conduct right to buy conveyancing in Longthorpe?
We have identified a variety of conveyancing experts who can handle right to buy conveyancing matters You should contact the solicitors listed to secure a costs calculation.
My uncle advised me that in purchasing a property in Longthorpe there may be a number of restrictions as to what one can do in terms of external alterations to the property. Is this right?
We are aware of a number of properties in Longthorpe which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Longthorpe should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Planning on purchasing a house in Longthorpe. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Co-operative 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 Longthorpe conveyancer is on the Co-operative conveyancing panel.
Bank of Ireland have agreed my mortgage in principle, my offer on a apartment in Longthorpe has been agreed to, now what?
Your property agent will need to be advised as to your conveyancing practitioner's details (ensure that the conveyancers are on the bank’s panel). Call up Bank of Ireland or the broker and finish off any relevant paperwork. Bank of Ireland will instruct a valuer who will get in touch with the estate agent or seller to book a slot for the valuation to happen. Once conducted (assuming no problems) it takes approximately ten days to get a mortgage offer. Bank of Ireland will send the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Longthorpe.
My colleague advised me that where I am purchasing in Longthorpe I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually quoted for as part of the standard Longthorpe conveyancing searches. It is a large report of about 40 pages, listing and detailing important information about Longthorpe around the property and the people living there. It incorporates 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 Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful information about Longthorpe.
five months have gone by since my purchase conveyancing in Longthorpe took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what should have been a quick, chain free conveyancing. Longthorpe is where the house is located. Can you offer any assistance?
Flying freeholds in Longthorpe are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Longthorpe you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Longthorpe may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Do you have any top tips for leasehold conveyancing in Longthorpe with the purpose of saving time on the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Longthorpe can be avoided where you appoint lawyers the minute your agents start advertising the property and request that they start to collate the leasehold information which will be required by the buyers’ lawyers. If you have had any disputes with your freeholder or managing agents it is very important that these are settled before the property is put on the market. The buyers and their solicitors will be warry about purchasing a flat where a dispute is unsettled. You will have to accept that you will have to discharge any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the buyers, but it is clearly preferable to reveal the dispute as over rather than unsettled. A minority of Longthorpe leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, you should notify your estate agents to make sure that the purchasers obtain bank and professional references. Any bank reference should make it clear that the buyer is financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the purchasers or their solicitors. If you are supposed to have a share in the Management Company, you should ensure that you are holding the original share document. Obtaining a duplicate share certificate is often a time consuming formality and slows down many a Longthorpe conveyancing transaction. Where a reissued share certificate is required, do contact the company director and secretary or managing agents (where relevant) for this as soon as possible. You believe that you know the number of years left on your lease but it would be advisable verify this via your lawyers. A purchaser's conveyancer will not be happy to advise their client to where the remaining number of years is under 80 years. In the circumstances it is important at an as soon as possible that you identify whether the lease term requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale.
I own a ground floor flat in Longthorpe, conveyancing having been completed half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Longthorpe with over 90 years remaining are worth £165,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease expires on 21st October 2100
With just 78 years left to run the likely cost is going to span between £7,600 and £8,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.