I have 70 years remaining on my lease and require a lease extension for my flat in Raglan. Conveyancing solicitors on the Chelsea Building Society panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 8/4/2024 the requirements read as follows :
I am helping my aunt sell her property in Raglan. Will the solicitor arrange the EPC or should I organise this?
Following the demise of HIPs, energy assessments was maintained a required part of moving property. An energy assessment must be commissioned in advance of the property being marketed. This is not something that solicitors ordinarily organise. Where you are instructing a Raglan conveyancing lawyer they might be willing to arrange EPC’s given their relationships with long established local providers
When it comes to lenders such as HSBC, do Raglan conveyancing practitioners face a yearly amount to be on the conveyancing panel?
We are not aware of any bank fees to be on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Planning on purchasing a apartment in Raglan. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Bank of Ireland conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Raglan conveyancer is on the Bank of Ireland conveyancing panel.
Me and my brother have a semi-detached Victorian house in Raglan. Conveyancing lawyer acted for me and Bank of Ireland. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold with the exact same property. I thought I was buying a freehold how can I check?
You need to 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Raglan and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with the conveyancing lawyer who conducted the conveyancing.
In what way does the Landlord & Tenant Act 1954 impact my commercial property in Raglan and how can you help?
The 1954 Act affords security of tenure to commercial tenants, granting the dueness to make a request to court for a continuation of occupancy when the lease reaches an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Raglan is one of the numerous locations in which the firms we work with have offices
In my capacity as executor for the estate of my aunt I am disposing of a property in Cardiff but reside in Raglan. My solicitor (who is 300 kilometers from mehas requested that I sign a stat dec before the transaction finalising. Could you suggest a conveyancing lawyer in Raglan who can attest and place their company stamp on the document?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will do regardless of whether they are Raglan based
Planning to complete next month on a ground floor flat in Raglan. Conveyancing lawyers have said that they will have a report out to me on Monday. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Raglan should include some of the following:
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Defining your legal entitlements in respect of common areas in the block.By way of example, does the lease permit a right of way over a path or staircase? Alterations to the premises Rent payments - how much and when you need to pay, and also know whether this will change in the future You should be advised what is to be regarded as a Nuisance as far as the lease is concerned An explanation as to the provision as set out in the lease to pay service charges - with regard to both the building, and the more general rights a tenant enjoys
I own a garden flat in Raglan, conveyancing formalities finalised 4 years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Raglan with an extended lease are worth £190,000. The average or mid-range amount of ground rent is £65 charged once a year. The lease finishes on 21st October 2085
With just 61 years left to run we estimate the price of your lease extension to span between £19,000 and £22,000 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.