I had intended to instruct a conveyancing solicitor in Seascale for our house purchase. Our financial adviser has since advised us that our mortgage lenders The Royal Bank of Scotland won't deal with them. Why is this not regarded as unduly restrictive?
A bank will direct that an approved solicitor act for it. You would be liable to bear the cost of this. Do use our directory service to choose a solicitor to conduct conveyancing in Seascale on the The Royal Bank of Scotland approved list of solicitors.
It has been 4 months following my purchase conveyancing in Seascale completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
About to purchase a new build apartment in Seascale. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Seascale
Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I need to instruct a conveyancing solicitor for residential conveyancing in Seascale. I've chance upon a site which seems to have the perfect offering If it is possible to get all formalities completed via phone that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am looking at a two flats in Seascale both have approximately forty five years unexpired on the leases. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the property for a period of time. As the lease gets shorter the value of the lease decreases and results in it becoming more costly to extend the lease. For this reason it is often a good idea to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on such properties. Lease extension can be a difficult process. We advise that you get professional help from a conveyancer and surveyor with experience in this area.
I invested in buying a split level flat in Seascale, conveyancing formalities finalised 10 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Seascale with over 90 years remaining are worth £222,000. The ground rent is £50 levied per year. The lease terminates on 21st October 2091
With only 70 years remaining on your lease the likely cost is going to span between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.
My mother and father are unable to locate their Seascale land registry title on the online search facility. They recall that back in the 60’s when they acquired the house there were complications with the post code not being identified on some systems.
The vast majority of premises in Seascale should show up. Have you attempted a search with simply the postcode. Ordinarily it should reveal all the houses and flats inside that postcode. Where recorded it will be there with a title number. If they bought 48 years ago it's conceivable it may be not yet registered. The address may still be revealed but with the title number identified as 'na'. In this scenario you will need to find the original title deeds which may be with your parent’s mortgage company.