I am obtaining a offer of a home loan from Nat West. My intention is to employ the services of a Licensed Conveyancer in Mudeford. Does the Nat West Conveyancing panel include Licensed Conveyancers?
The Nat West conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I am the registered owner of a freehold property in Mudeford but still charged rent, why is this and what is this?
It’s unusual for properties in Mudeford and has limited impact for conveyancing in Mudeford but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
When it comes to lenders such as Virgin Money, do Mudeford conveyancers face a yearly amount to be on the conveyancing panel?
We are not aware of any bank fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
I am expecting a DIP from Kent Reliance this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Kent Reliance recommend any Mudeford solicitors on the Kent Reliance conveyancing panel, or is it better to go independently?
You will need to appoint Mudeford solicitors independently although you'll need to choose one on the Kent Reliance conveyancing panel. The solicitor represents both you and Kent Reliance through the process.
I recently had an offer agreed on an apartment in Mudeford. My mortgage broker suggested a lawyer. I paid an on account payment of £200. A couple of days later, the conveyancer called me to say that they were not on the Co-operative conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Co-operative panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I require expedited conveyancing in Mudeford as I have an ultimatum to complete in less than 3 weeks. A mortgage is not required. Is it possible to avoid the conveyancing searches to save fees and time?
As you are not taking a home loan you have the choice not to do searches although no lawyer would advise that you don't. With lots of history conveyancing in Mudeford the following are instances of what can arise and adversely impact future saleability: Refused Planning Applications, Overdue Fees, Overdue Grants, Road Schemes,...
I am downsizing from my home. My former conveyancers closed down. I would be grateful for any recommendation of a conveyancing firm. Im based in Mudeford if that affects matters.
You should use our search tool to help you choose a solicitor for your conveyancing in Mudeford. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I want to let out my leasehold flat in Mudeford. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?
Even though your previous Mudeford conveyancing lawyer is no longer available you can review your lease to see if it allows you to sublet the property. The rule is that if the lease is silent, subletting is allowed. There may be a precondition that you are obliged to obtain permission via your landlord or some other party before subletting. This means you not allowed to sublet without first obtaining consent. The consent is not allowed to be unreasonably withheld. If the lease prohibits you from letting out the property you should ask your landlord for their consent.
I bought a 2 bed flat in Mudeford, conveyancing having been completed in 1996. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Mudeford with over 90 years remaining are worth £185,000. The ground rent is £65 levied per year. The lease comes to an end on 21st October 2080
With only 60 years left to run we estimate the premium for your lease extension to be between £20,000 and £23,000 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 without more detailed investigations. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.