If you had a top tip for choosing a conveyancing solicitor in Navenby what would it be?
We would encourage you not to go for the lowest Navenby conveyancing costs illustration. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
A relative advised me that in buying a property in Navenby there could be various restrictions as to what one can do in terms of external alterations to a property. Is this right?
There are a number of properties in Navenby which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Navenby should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
The formalities of my remortgage has taken place for my property in Navenby. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. Ordinarily complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
My relative recommended that if I am buying in Navenby I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes included in the estimate for your Navenby conveyancing searches. It is a large document of about 40 pages, listing and setting out important information about Navenby around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Navenby 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 maps and statistics, Local Amenities and other useful data regarding Navenby.
Are there restrictive covenants that are commonly identified as part of conveyancing in Navenby?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Navenby. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the guidance of my in-laws I had a survey completed on a property in Navenby in advance of retaining conveyancers. I have been advised that there is a flying freehold aspect to the property. Our surveyor advised that some banks may not issue a loan on a flying freehold home.
It varies from the lender to lender. HSBC has different requirements from Halifax. If you call us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Navenby. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Navenby to see if the conveyancing will be more expensive.
What are the common problems that you witness in leases for Navenby properties?
Leasehold conveyancing in Navenby is not unique. All leases are individual and legal mistakes in the legal wording can sometimes mean that certain provisions are not included. For example, if your lease is missing any of the following, it could be defective:
A provision for the recovery of money spent for the benefit of another party.
A defective lease will likely cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Accord Mortgages Ltd, Chelsea Building Society, and Britannia all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to provide security, forcing the purchaser to withdraw.
I inherited a 2 bed flat in Navenby, conveyancing having been completed 3 years ago. Can you work out an approximate cost of a lease extension? Equivalent flats in Navenby with over 90 years remaining are worth £192,000. The average or mid-range amount of ground rent is £55 yearly. The lease terminates on 21st October 2074
With 54 years unexpired the likely cost is going to span between £32,300 and £37,400 as well as legals.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.
My offer on property in Navenby has been accepted, the owner does nevertheless have a dependent purchase. The sellers have offered on a flat, but it’s not yet agreed to, and has viewings of other flats in the pipeline. I have selected a nearby conveyancing solicitor in Navenby. What should be my next step? At what stage should I apply for the mortgage with Kent Reliance?
It is usual to have anxieties where there is an associated chain given your reluctance to be too out of pocket prematurely (home loan application is approx one thousand pounds, then valuation, Navenby conveyancing search fees, etc). The first course of action is to ensure that your lawyer is on the Kent Reliance approved list. As to the subsequent stages this very much depends on the specifics of your transaction, desire for the property and on the state of the market. In a buoyant market the majority of home buyers will apply for a home loan with Kent Reliance and pay for the survey and only if it comes back ok would they request their solicitor to press on with the conveyancing in Navenby.