Recently been in touch with my conveyancing lawyer in Redland who completed the legal work 18 months ago asking for a conveyancing estimate based on an identical type of home move (a leasehold residence and a freehold property) of almost identical values with a mortgage from Platform Home Loans Ltd. It looks as though am now being quoted twice the amount. Better the devil I know or do I try and find a cheaper online conveyancer?
The charges are a tad high. If you you were to look around you might reduce the fees marginally by as much as £125. That being said, providing that you were content with the conveyancing the firm offered you maycome to regret opting for an an untested lawyer. Remember to ensure the solicitor can represent Platform Home Loans Ltd. Do use our search tool to select a Redland conveyancing firm on the Platform Home Loans Ltd conveyancing panel, which can often include conveyancing solicitors in Redland.
I am planning to acquire a flat and need a conveyancing solicitor in Redland who is on the Nationwide Building Society conveyancing. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Nationwide Building Society in certain locations such as Redland. We dont recommend any particular firm.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one close by in Redland I like with a park and railway links nearby, however it only has 51 years on the lease. There is not much else in Redland in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan that many years will be an issue. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
We're new to the buying process - had an offer accepted, yet the agent informed us that the seller will only move forward if we appoint their recommended solicitors as they need a ‘quick sale’. My instinct tells me that we should use a high street conveyancer who is accustomed to conveyancing in Redland
It is improbable the sellers are driving this. Should the owner require ‘a quick sale', taking such a hostile approach to a motivated purchaser is not the way to achieve this. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you have nothing to sell (d) you wish to move quickly (e)but you are going to appoint your preferred Redland conveyancing solicitors - not the ones that will give the estate agent a introducer fee or meet his conveyancing figures set by senior management.
What makes a Redland lease unacceptable for security purposes?
Leasehold conveyancing in Redland is not unique. Most leases are drafted differently and drafting errors can result in certain sections are not included. The following missing provisions could result in a defective lease:
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Service charge per centages that don't add up correctly leaving a shortfall A duty to insure the building
You may encounter difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Birmingham Midshires, Barnsley Building Society, and Platform Home Loans Ltd all have express requirements 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 grant the mortgage, obliging the buyer to withdraw.
I am the registered owner of a basement flat in Redland, conveyancing having been completed 9 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Redland with an extended lease are worth £222,000. The ground rent is £50 levied per year. The lease terminates on 21st October 2094
With only 70 years remaining on your lease we estimate the price of your lease extension to be between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.
I today plan to offer on a house that seems to tick a lot of boxes, at a great price which is making it more attractive. I have subsequently been informed that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a leasehold house in Redland. Conveyancing solicitors have are soon to be appointed. Will they explain the issues?
The majority of houses in Redland are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area can help the conveyancing process. It is clear that you are buying in Redland in which case you should be looking for a Redland conveyancing solicitor and check that they have experience in advising on leasehold houses. First you will need to check the number of years remaining. As a leaseholder you will not be entirely free to do whatever you want with the house. The lease will likely included provisions such as obtaining the freeholder’sconsent to conduct changes to the property. You may also be required to pay a service charge towards the maintenance of the communal areas where the house is part of an estate. Your conveyancer should appraise you on the various issues.