I have Fifty Six years unexpired on my lease and need a lease extension for my apartment in Swanage. Conveyancing solicitors on the Bank of Ireland panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 13/4/2024 the requirements read as follows :
I have been told by my lawyer that chancel insurance is necessary on my purchase. What is the level of cover for Swanage conveyancing?
The right level of chancel indemnity insurance depends on who your lender is. It would differ for example between Nationwide Building Society and Barnsley Building Society. Conveyancing solicitors as opposed to members of the public take out such policies.
Last month we had a mortgage agreed in principle with HSBC. Swanage conveyancing practitioners have been chosen. What is the average time that one could expect to receive a mortgage offer from HSBC?
There is no definitive answer here. Have HSBC completed the survey? Have you advised HSBC as to your lawyers' details and checked that your lawyers are on the HSBC conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have today made my last payment due on my mortgage with Coventry BS. I assume I don't need a Swanage property lawyer on the Coventry BS panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Coventry BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Coventry BS mortgage from the register. Coventry BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Coventry BS has sent the Land Registry the discharge electronically, and
- Coventry BS has instructed the Land Registry to do so
Despite weeks of looking the Title Certificate and documents to my home are lost. The conveyancers who conducted the conveyancing in Swanage 4 years ago are no longer around. Will I be able to sell the house?
Gone are the days when you need to hold title official documentation to establish that you are the registered proprietor of land or premises, as the Land Registry hold details of all registered land or property electronically.
How does conveyancing in Swanage differ for new build properties?
Most buyers of new build property in Swanage contact us having been asked by the developer to exchange contracts and commit to the purchase even before the property is ready to move into. This is because builders in Swanage typically purchase 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 conveyancers 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 Swanage or who has acted in the same development.
What is different about your site and alternative online quote calculators when it comes to conveyancing in Swanage?
At this site secure a conveyancing costs illustration from a Solicitor or Licensed Conveyancer that appreciates the issues of your conveyancing in Swanage. As opposed to estate agents and many comparison sites we are not in the business of charging firms a fee if you choose them for your conveyancing in Swanage
Back In 2002, I bought a leasehold flat in Swanage. Conveyancing and Barnsley Building Society mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1995. The conveyancing solicitor in Swanage who previously acted has now retired. Any advice?
First make enquiries of HMLR to make sure that this person is indeed the new freeholder. It is not necessary to instruct a Swanage conveyancing firm to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Swanage Leasehold Conveyancing - Sample of Queries before Purchasing
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Generally speaking the cost for major works are not built into the service charges, albeit that there some managing agents in Swanage ask leaseholders to contribute towards a reserve fund and this is used to offset against larger works. Plenty Swanage leasehold flats will incur a service charge for maintenance of the block levied on behalf of the landlord. Should you purchase the flat you will have to pay this contribution, usually quarterly during the year. This may differ from several hundred pounds to thousands of pounds for large purpose-built buildings. In all likelihood there will be a rentcharge for you to pay yearly, this is usually not a exorbitant sum, say around £50-£100 but you need to enquire as on occasion it could be many hundreds of pounds.