My wife and I have organised the release of further funds on our mortgage from Nottingham as we want to conduct renovations to our home in Port Isaac. Are we obliged to appoint a local Port Isaac solicitor on the Nottingham conveyancing panel to handle the paperwork?
Nottingham do not ordinarily require a member of their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Nottingham list.
We have a mortgage agreed in principle with HSBC. Port Isaac conveyancing practitioners are selected. How long does it take for HSBC to issue the offer to the property lawyer?
There is no definitive answer here. Have HSBC conducted the valuation? Have you informed HSBC as to your lawyers' details and checked that your lawyers are on the HSBC conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have paid off my mortgage with Bank of Ireland. I assume I don't need a Port Isaac lawyer on the Bank of Ireland panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Bank of Ireland mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Bank of Ireland mortgage from the register. Bank of Ireland, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Bank of Ireland has sent the Land Registry the discharge electronically, and
- Bank of Ireland has instructed the Land Registry to do so
Just acquired a terraced house in Port Isaac , how long should it take for the Land Registry to deal with the formalities evidencing my ownership? My Port Isaac conveyancing solicitor has been painfully slow, so I want to be certain that my name is recorded.
As far as conveyancing in Port Isaac registration is no faster or slower than anywhere else in England and Wales. As opposed to being determined by geographic area, timescales can adjust depending on who lodges the application, whether there are errors and if the Land registry have to notify any third parties. Currently in the region of 80% of submission are fully dealt with in less than three weeks but some can be subject to longer delays. Registration takes place after the new owner is living at the premises so an expedited registration is not always an essential issue but if there is a degree of urgency associated with the registration then you or your solicitor could speak with the land registry and explain the circumstances.
In what way can the Landlord & Tenant Act 1954 impact my business premises in Port Isaac and how can you help?
The particular law that you refer to provides security of tenure to commercial lessees, giving them the a statutory right to make a request to court for a renewal lease and remain in occupation at the end of an expired lease. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and help with commercial conveyancing in Port Isaac
I am one month into a residential purchase having been directed to solicitors by the estate agent to handle our conveyancing in Port Isaac. I am not happy. Could you help me find new lawyers?
They would have to be really bad in order to consider diss instructing them. Has the mortgage been issued? If so you must advise them of the new contact details and ensure the mortgage documents are issued to the new lawyers. Your solicitor ideally should be on the lenders panel to avoid escalating charges and complications. That should be your first question of the new solicitors. The search tool will assist you in finding a lender approved conveyancer for your conveyancing in Port Isaac
I am on look out for some leasehold conveyancing in Port Isaac. Before I set the wheels in motion I require certainty as to the remaining lease term.
Assuming the lease is registered - and 99.9% are in Port Isaac - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I acquired a 1st floor flat in Port Isaac, conveyancing having been completed 6 years ago. Can you work out an approximate cost of a lease extension? Similar flats in Port Isaac with over 90 years remaining are worth £202,000. The average or mid-range amount of ground rent is £60 invoiced annually. The lease terminates on 21st October 2079
With only 57 years left to run we estimate the price of your lease extension to be between £28,500 and £33,000 as well as professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more detailed due diligence. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and you obviously want to 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.
I am are seeking to find an affordable conveyancing lawyer in Port Isaac to help me sell my apartment. I want to avoid being ripped off but with various Port Isaac conveyancing practices out there...how do I know which one is best to appoint?
To get quotes for your move via conveyancing firms that undertakes services in Port Isaac please make the most of our quote tool.