I am expecting a offer of a home loan from Halifax. I intend to instruct a Licensed Conveyancer in Atherstone. Does the Halifax Conveyancing panel allow for Licensed Conveyancers?
The Halifax conveyancing panel is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
I am buying a house without a mortgage in Atherstone. I have resided for the previous 15 years in Atherstone. Conveyancing searches are exorbitant. As I know the road and vicinity very well should I not bother getting the solicitor to do all the conveyancing searches?
If you not getting a mortgage, then all but one or two of the Atherstone conveyancing searches are optional. Your lawyer will ’encourage you, no-doubt strongly, that you should have searches done, but he has a professional duty to do this. Do take into account; if you are likely to sell the house one day, it will likely be be of relevance to your prospective purchaser what the searches determine. There are plenty of instances where houses with day to day issues can still reveal detrimental search results. A good conveyancing solicitor in Atherstone will provide you some constructive advice here.
I am looking for a flat up to £195,000 and found one round the corner in Atherstone I like with open areas and station in the vicinity, the downside is that it's only got 49 years unexpired on the lease. There is not much else in Atherstone in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a home loan that many years will be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
I have been recommended by a few property agents in Atherstone to get a quote from a solicitor using your seach tool. What’s the financial advantage for Estate Agents to market your services rather than a competitor’s?
We refuse to give any referral fee for sending work in our direction. We found it would be just too difficult to pay a commission as a client could think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I want to sublet my leasehold apartment in Atherstone. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for permission?
Even though your last Atherstone conveyancing lawyer is not available you can check your lease to see if you are permitted to let out the property. The rule is that if the deeds are silent, subletting is permitted. Quite often there is a prerequisite that you must obtain permission via your landlord or some other party before subletting. The net result is you not allowed to sublet without first obtaining permission. Such consent must not not be unreasonably withheld. If the lease does not allow you to sublet you will need to ask your landlord if they are willing to waive this restriction.
I bought a leasehold flat in Atherstone, conveyancing having been completed half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Atherstone with over 90 years remaining are worth £265,000. The ground rent is £50 per annum. The lease ends on 21st October 2095
With just 76 years remaining on your lease the likely cost is going to span between £8,600 and £9,800 plus costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.