We see that you have a post code search directory identifying law firms on the Leeds Building Society conveyancing panel. Do firms pay you a commission if I instruct them for our own conveyancing in Ollerton?
We are a listing service only for law firms wishing to communicate if they are on the Leeds Building Society conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Ollerton.
I am buying a victorian detached house in Ollerton. The intention is to convert the garage to a playroom at the house.Will the conveyancing process involve investigations to determine if these alterations are allowed?
Your property lawyer will check the deeds as conveyancing in Ollerton will on occasion reveal restrictions in the title documents which restrict certain changes or need the permission of a 3rd party. Many additions call for local authority planning consent and approval in accordance building regulations. Some locations are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. It would be sensible to check these things with a surveyor ahead of any purchase.
My partner and I have arranged the release of further monies on our home loan from Clydesdale as we want to conduct improvements to our property in Ollerton. Do we need to appoint a bricks and mortar Ollerton solicitor on the Clydesdale conveyancing panel to deal with the legals?
Clydesdale do not ordinarily require firms on their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Clydesdale conveyancing panel.
I am expecting a AIP from Barclays this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Barclays recommend any Ollerton solicitors on the Barclays conveyancing panel, or is it better to go independently?
You will need to appoint Ollerton solicitors independently although you'll need to choose one on the Barclays conveyancing panel. The solicitor represents both you and Barclays through the process.
I purchased a terraced Edwardian house in Ollerton. Conveyancing practitioner acted for me and TSB. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Ollerton and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with your conveyancing solicitor who conducted the purchase.
I'm refinancing my primary house to a buy to let loan with Chelsea Building Society and I will use the ballance of the raised equity as a deposit on further house. The neighborhood we are talking about is Ollerton. Will your conveyancers be able to act for the two banks and tie in the two deals?
Make use of our search tool on this page to be sure that the lawyers are approved by both lenders. Having checked that they are your conveyancer should be able to connect the two deals but you should have a chat with you lawyer and make apparent your desired outcome and needs.
My father has urged me to instruct his conveyancers in Ollerton. Do I take his recommendation?
No doubt it’s preferable to find a conveyancing solicitor is to get feedback from friends or family who have experience in using the solicitor you're contemplating using.
I am attracted to a two flats in Ollerton which have in the region of forty five years unexpired on the leases. Should I regard a short lease as a deal breaker?
There is no doubt about it. A leasehold flat in Ollerton is a wasting asset as a result of the reducing lease term. The nearer the lease gets to zero years unexpired, the more it adversely affects the value of the property. The majority of buyers and lenders, leases with less than 75 years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Ollerton conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I bought a split level flat in Ollerton, conveyancing was carried out April 2001. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Ollerton with over 90 years remaining are worth £202,000. The average or mid-range amount of ground rent is £60 charged once a year. The lease runs out on 21st October 2081
With just 57 years unexpired the likely cost is going to range between £28,500 and £33,000 as well as costs.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.