We are buying our first house. The lawyer has contact usto enquire if we wish to take out extra conveyancing searches. As novices we have no idea as to what's relevant for conveyancing in Braunstone
The quantity and type of Braunstone conveyancing searches should be dictated entirely on the premises, the location, the probability of any of these risks, your knowledge of the area and risks, your general approach to risk. What is important is that you properly comprehend what information each search could give you. Then you can decide if you consider that you need that information. Where you are in doubt, ask the conveyancer to guide you.
My apartment in Braunstone is up for sale and I have a purchaser. Does my lawyer need to be required to be on the RBS conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the RBS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
My cousin has urged me to appoint his lawyers for conveyancing in Braunstone. Should I use them?
There are no two ways about it the best way to choose a conveyancing solicitor is to seek guidance from friends or family who have actually experience in using the conveyancer that you are are thinking of instructing.
We expect to complete the sale of our £125,000 apartment in Braunstone on Friday in a week. The managing agents has quoted £396 for Certificate of Compliance, building insurance schedule and 3 years service charge statements. Is the landlord entitled to charge such fees for a leasehold conveyance in Braunstone?
Braunstone conveyancing on leasehold apartments normally involves the purchaser’s solicitor sending questions for the landlord to answer. Although the landlord is not legally bound to answer such questions most will be content to do so. They are at liberty to invoice a reasonable administration fee for responding to enquiries or supplying documentation. There is no set fee. The average fee for the paperwork that you are referring to is £350, in some cases it exceeds £800. The management information fee required by the landlord must be accompanied by a summary of entitlements and obligations in respect of administration charges, otherwise the invoice is not strictly payable. In reality you have little option but to pay whatever is demanded should you wish to sell the property.
I purchased a leasehold flat in Braunstone, conveyancing formalities finalised in 2009. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Braunstone with an extended lease are worth £191,000. The ground rent is £55 per annum. The lease expires on 21st October 2080
With 54 years unexpired the likely cost is going to be between £31,400 and £36,200 plus costs.
The figure above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.
We are in the process of buying a flat in Braunstone. Can our conveyancer have the amount we are are purchasing for confidential from sites such as Nestoria. Is this possible and how?
HMLR by statute are required to disclose price paid data on a register of the title for residential properties countrywide including homes in Braunstone. The register of title is a public document, so HM Land Registry would be breaking the law if they failed to allow access to the register.
In essence you can ask HMLR to hide the price paid entry but the answer will be a No.