Would the conveyancing lawyers identified via your search tool perform conveyancing in Braunton by way of an attended exchange?
We do have a number of conveyancing specialists carrying out personalised exchanges. Please contact us to get a costs illustration and details as to dates.
four months have elapsed since my purchase conveyancing in Braunton concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a leasehold apartment up to £195,000 and identified one close by in Braunton I like with open areas and railway links in the vicinity, however it's only got 61 years on the lease. I can't really find anything else in Braunton in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan that many years will likely be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you can request that they start the process of the extension and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
Is it possible to switch firm as I have to appoint a firm on the Leeds Building Society conveyancing panel. I instructed a family conveyancing solicitor in Braunton round the corner but she is not approved by Leeds Building Society
We will our best to assist in finding you a conveyancing solicitor in Braunton on the Leeds Building Society panel. Please note that the property lawyers that we work with do not pay us a referral fee if you instruct them and are under regulation of the SRA who regulate all conveyancing solicitors in Braunton. In making use of search facility on this page, you can contrast costs for conveyancing solicitors in Braunton and beyond.
In relation to leasehold conveyancing in Braunton what are the most common lease problems?
There is nothing unique about leasehold conveyancing in Braunton. Most leases are individual and drafting errors can sometimes mean that certain sections are missing. For example, if your lease is missing any of the following, it could be defective:
A duty to insure the building A provision for the recovery of money spent for the benefit of another party.
A defective lease can cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Santander, Barnsley Building Society, and Barclays Direct all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to grant the mortgage, forcing the buyer to pull out.
I acquired a 2 bed flat in Braunton, conveyancing was carried out in 2011. 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? Corresponding flats in Braunton with an extended lease are worth £265,000. The average or mid-range amount of ground rent is £50 levied per year. The lease ceases on 21st October 2099
With only 76 years unexpired we estimate the premium for your lease extension to span between £8,600 and £9,800 plus 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 cannot give you the actual costs without more detailed investigations. Do not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and you obviously 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.