I have just started taking steps with a view to porting my domestic home loan to a BTL Yorkshire Building Society mortgage. I have been informed by my broker that I require a lawyer as part of the process. I had a chat the same Boscombe conveyancing firm who dealt with the legals when I first purchased the property. The pricing estimate they've given of £470 has surprised me as its a refinance than a sale or purchase.
The costs illustration is slightly on the steep side. Where you are happy to expend time contrasting costs you could get the conveyancing a bit cheaper by say £100 plus VAT. On the other hand, providing that you were content with the legal work the firm provided you maylive to regret choosing an an unknown lawyer. Don't forget to be sure that the conveyancer can also act for Yorkshire Building Society. You can employ our search tool to find a Boscombe conveyancing firm on the Yorkshire Building Society approved list of lawyers, which can often include conveyancing solicitors in Boscombe.
Me and my partner are about to exchange buying a property in Boscombe but as a consequence of damage from a small fire at the property I have managed to agree compensation from the seller in the sum of £2k in the form of a adjustment in the price. This was going to be dealt with as part of the conveyancing process yet Kent Reliance will not agree to this. Should they have been notified?
The lawyer being on a Kent Reliance conveyancing panel is obliged to disclose to Kent Reliance of any variations to the sale price. If you prohibit your lawyer to disclose the price change to Kent Reliance then they would have to discontinue acting for you. In addition, Kent Reliance and you would have to appoint a new solicitor for your conveyancing in Boscombe.
My wife and I have a semi-detached Georgian property in Boscombe. Conveyancing practitioner represented me and Coventry Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, the second leasehold under the exact same property. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Boscombe and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with your conveyancing lawyer who conducted the purchase.
How does conveyancing in Boscombe differ for newly converted properties?
Most buyers of new build residence in Boscombe contact us having been asked by the builder to exchange contracts and commit to the purchase even before the house is finished. This is because house builders in Boscombe usually 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 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 used to new build conveyancing in Boscombe or who has acted in the same development.
I wish to sublet my leasehold flat in Boscombe. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for their consent?
Notwithstanding that your last Boscombe conveyancing lawyer is no longer available you can check your lease to see if you are permitted to let out the premises. The rule is that if the lease is non-specific, subletting is permitted. Quite often there is a prerequisite that you need to obtain consent via your landlord or some other party before subletting. This means that you cannot sublet in the absence of first obtaining permission. Such consent should not be unreasonably refused ore delayed. If the lease does not allow you to sublet you should ask your landlord if they are willing to waive this restriction.
I bought a garden flat in Boscombe, conveyancing formalities finalised in 2002. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Boscombe with a long lease are worth £171,000. The ground rent is £50 invoiced annually. The lease ends on 21st October 2100
With 79 years remaining on your lease the likely cost is going to span between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more detailed investigations. 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 clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.