I am remortgaging my apartment in Selston, does my lawyer need to be on the Santander Solicitor panel?
There is nothing to stop you using your solicitor, but Santander will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
I have justfound out that Stirling Law have been shut down. They carried out my conveyancing in Selston for a purchase of a freehold house 9 months ago. How can I be sure that the property is in my name in the name of the previous owner?
The easiest way to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Selston conveyancing specialists.
How does conveyancing in Selston differ for newly converted properties?
Most buyers of new build premises in Selston contact us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because developers in Selston tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Selston or who has acted in the same development.
I need to instruct a conveyancing lawyer in Selston for my house move. Is it possible to see a firm’s complaints history with the legal regulator?
You may review published Solicitor Regulator Association (SRA) determinations resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. For details about the period before 1 January 2008, or to check a firm's history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The regulator may recorded telephone calls for training requirements.
I am in need of some leasehold conveyancing in Selston. Before I get started I would like to find out the unexpired term of the lease.
Assuming the lease is registered - and 99.9% are in Selston - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I inherited a garden flat in Selston, conveyancing having been completed 3 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Selston with a long lease are worth £197,000. The average or mid-range amount of ground rent is £55 yearly. The lease ceases on 21st October 2078
With just 55 years left to run we estimate the premium for your lease extension to range between £31,400 and £36,200 plus costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.
We are midway through purchasing a residence in Selston. Conveyancing solicitor has called to say the property is "Leasehold". Does this make a difference on the marketability of the house?
Selston conveyancing does not usually involve leasehold houses. The main consideration here is the length of lease and the ground rent. If it's 999 years with a nominal rent, it's virtually freehold, so it’s unlikely to affect the saleability significantly.
At the other extreme, if it's, say, Sixty years it will have a adverse impact on the value, and probably wouldn't be acceptable to the lender. The length of lease and ground rent will be stated in the lease provided to your conveyancer.