My financial adviser has requested my Repton solicitor’s panel reference for the Nat West conveyancing panel. What is the best way to obtain this. I have called my local Repton office but they have not responded to me.
Have you tried calling your Repton property lawyer about this?. Most Repton conveyancing practices will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
We see that you have a post code search directory identifying solicitors on the RBS conveyancing panel. Do firms pay you a commission if I retain them for our own conveyancing in Repton?
We are a listing service only for law firms wishing to communicate if they are on the RBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Repton.
Are there restrictive covenants that are commonly identified during conveyancing in Repton?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Repton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Over the last few months I have been searching for a ground for flat up to £235,500 and found one near me in Repton I like with open areas and transport links in the vicinity, the downside is that it only has 52 years on the lease. I can't really find anything else in Repton in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage the shortness of the lease may be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you could ask them to commence the lease extension formalities and pass 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 solicitor concerning this.
My business partner and I are planning to lease a unit on a shopping parade. Can you recommend conveyancers offering no-move-no fees for non-domestic conveyancing in Repton for under 1500k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Repton, including the disposal and purchase of businesses as well as simply premises. If you are hoping to acquire or sell a shop, pub, restaurant, office, retail premises or a complete business we will find you the right firm. Regarding the costs this will depend on the structure and complexity of the proposed transaction. Please provide us with your contact information or telephone so as to enable us to supply you with a fixed commercial conveyancing quote.
Planning to exchange soon on a ground floor flat in Repton. Conveyancing lawyers have said that they report fully next week. What should I be looking out for?
Your report on title for your leasehold conveyancing in Repton should include some of the following:
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You should know whether the lease allows you to change or improve aspects of the flat- you must know whether any restrictions applies to all alterations or just structural alteration, and whether consent is required The physical ownership of the demise. This might be the property itself but might incorporate a roof space or basement if appropriate. The landlord’s rights to access the flat. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. You should be told what counts as a Nuisance in the lease Where does the liability rest to repair and maintain the main walls and foundations. It is essential that you know who is liable for the repair and maintenance of every part of the building
I invested in buying a split level flat in Repton, conveyancing having been completed half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Repton with a long lease are worth £222,000. The ground rent is £50 invoiced every year. The lease runs out on 21st October 2096
With 70 years left to run we estimate the price of your lease extension to span between £9,500 and £11,000 as well as legals.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.