I am searching for value for money conveyancer. Do I opt for a nationwide conveyancer as opposed to a high street Portland conveyancing solicitor?
Existing third party relationships is an important consideration when appointing conveyancing solicitors. Portland conveyancers benefit from connections with mortgage brokers and agents, local authorities, surveyors and other conveyancing firms meaning you will move in shortest possible time. Hosting specialist insight into the local area is an advantage.
I have given 8 weeks notice to my existing landlord and must be out of my rented property in Portland by the end of next month. Conveyancing on my purchase is underway. How realistic is it to complete in 4 weeks as I wish to avoid having to find temporary accommodation?
Generally one should not give notice for your tenancy unless you have exchanged. If you have not previously done so, update to your solicitor and ask them to they apply pressure on the other lawyers, try to get a realistic time scale from them that all parties will aim towards
Why is leasehold purchase conveyancing in Portland is more expensive?
Portland leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
When reading moneysavingexpert.com for a cheap solicitor in Portland, many say that I must use a CQS assured solicitor. What is CQS?
The Law Society's Conveyancing Quality Scheme is the recognised quality mark for legal experts in home ownership transfers, trusted by some of the UK's biggest lenders. Four years ago the Conveyancing Quality Scheme was officially recognised by the Building Societies Association (BSA). The scheme does not cover licenced conveyancers. Portland is one of the numerous areas of the UK where there are CQS lawyers.
What will a local search tell me regarding the house my wife and I buying in Portland?
Portland conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search organisations such as Onsearch The local search is essential in every Portland conveyancing purchase; that is if you don’t want any unpleasant once you have moved into your property. The search will supply data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.
My wife and I purchased a leasehold house in Portland. Conveyancing and Nationwide Building Society mortgage are in place. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1993. The conveyancing practitioner in Portland who acted for me is not around. Do I pay?
The first thing you should do is contact HMLR to make sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. You do not need to incur the fees of a Portland conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I am the registered owner of a split level flat in Portland, conveyancing was carried out 3 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Portland with over 90 years remaining are worth £216,000. The ground rent is £50 charged once a year. The lease ends on 21st October 2095
You have 69 years unexpired the likely cost is going to span between £9,500 and £11,000 as well as legals.
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 comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt 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 seeking the advice of a professional.