My previous solicitor has sent a quote for just over a thousand pound for leasehold conveyancing in Rendlesham. I’m looking to sell a Victorian property for £150,000. Is this too much? Is it in excess of what I should be paying for conveyancing in Rendlesham?
The charges are a little high. If you shop around you might reduce the fees marginally by as much as £100 plus VAT. On the other hand, you maycome to regret opting for an an unknown solicitor. Remember to check the conveyancer can also act for your bank. Do use our search tool to select a Rendlesham conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Rendlesham.
My uncle passed away 10 months ago and as sole heir and executor I was left the house in Rendlesham. The house had a small mortgage left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to UBS, pay off the mortgage. Is this allowed?
If you plan to refinance then UBS will insist on your using a conveyancer on the UBS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your UBS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the UBS mortgage is registered as a charge at the Land Registry.
I moved into my home on 16 July and the transaction details is yet to be registered. Should I be concerned? My conveyancing solicitor in Rendlesham expressed confidence that it would be recorded inside ten days. Are transfers in Rendlesham uniquely lengthy to register?
There is nothing unique about conveyancing in Rendlesham registration formalities. As opposed to being determined by geographic area, timescales can adjust subject to who lodges the application, whether there are errors and whether the Land registry must send notices to any 3rd parties. As of today roughly three quarters of such applications are fully addressed in less than three weeks but occasionally there can be longer delays. Registration occurs after the new owner is living at the premises thus an expedited registration is not typically an essential issue yet where it is urgent that the the registration takes place urgently then you or your lawyers must contact the land registry and explain the circumstances.
I opted to have a survey done on a house in Rendlesham prior to appointing solicitors. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some mortgage companies tend refuse to issue a mortgage on a flying freehold house.
It varies from the lender to lender. Lloyds has different requirements from Birmingham Midshires. Should you wish to telephone us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Rendlesham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Rendlesham to see if the conveyancing will be more expensive.
Hoping to buy a property located in Rendlesham and I am already nervous. I couldn't find anything specific about Rendlesham. Conveyancing will be needed in due course but do you know about the Rendlesham area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Rendlesham. In the meantime here are some basic statistics that we found
I today plan to offer on a house that appears to be perfect, at a great price which is making it more attractive. I have just been informed that it's a leasehold as opposed to freehold. I would have thought that there are issues buying a leasehold house in Rendlesham. Conveyancing advisers have are about to be appointed. Will my lawyers set out the implications of buying a leasehold house in Rendlesham ?
The majority of houses in Rendlesham are freehold and not leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. It is clear that you are buying in Rendlesham in which case you should be looking for a Rendlesham conveyancing practitioner and check that they are used to dealing with leasehold houses. First you will need to check the number of years remaining. Being a leaseholder you will not be entirely free to do whatever you want to the property. The lease will likely included provisions such as obtaining the freeholder’sconsent to conduct alterations. You may also be required to pay a maintenance charge towards the maintenance of the estate where the property is located on an estate. Your solicitor should report to you on the legal implications.
I inherited a 2 bed flat in Rendlesham, conveyancing formalities finalised in 2009. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Rendlesham with a long lease are worth £191,000. The ground rent is £55 charged once a year. The lease expires on 21st October 2078
With just 53 years unexpired we estimate the price of your lease extension to range between £27,600 and £31,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use this information 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 want to be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.