I am in the process of refinancing my flat in Burnham On Sea, does my lawyer need to be on the Lloyds Conveyancing panel?
In theory, you could use a solicitor that is not on the Lloyds conveyancing panel, but Lloyds would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
I need some expedited conveyancing in Burnham On Sea as I am under pressure to exchange contracts in less than 3 weeks. Fortunately I do not need a mortgage. Can I decline from having conveyancing searches to save money and time?
If.Given you are are a cash purchaser you have the choice not to have searches conducted although no conveyancer would suggest that you don't. Drawing on years of experience of conveyancing in Burnham On Sea the following are instances of what can crop up and therefore affect future saleability: Refused Planning Applications, Overdue Charges, Overdue Grants, Railway Schemes,...
Have purchased a a semi-detached house in Burnham On Sea , how long should it take for the Land Registry to register my ownership? My Burnham On Sea conveyancing solicitor has been painfully slow, so I want to be certain that my purchase is recorded.
As far as conveyancing in Burnham On Sea is concerned, registration is no quicker or slower than the rest of England and Wales. As opposed to being determined by geographic area, timeframes can adjust according to the party submitting the application, whether there are errors and if the Land registry have to notify any third persons or bodies. At present in the region of 80% of submission are fully addressed in less than three weeks but some can be subject to protracted delays. Historically registration occurs after the new owner has moved in to the property so 'speed' is not usually top priority but if there is a degree of urgency associated with the registration then you or your lawyers could communicate with the Registry to express the reasoning for the application to be prioritised.
I decided to have a survey completed on a property in Burnham On Sea in advance of retaining conveyancers. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some lenders tend not give a loan on a flying freehold premises.
It depends who your proposed lender is. Santander has different requirements from Halifax. If you e-mail us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Burnham On Sea. Conveyancing may be slightly more expensive based on your lender's requirements.
In relation to leasehold conveyancing in Burnham On Sea what are the most common lease problems?
Leasehold conveyancing in Burnham On Sea is not unique. Most leases are drafted differently and drafting errors can result in certain provisions are not included. The following missing provisions could result in a defective lease:
Insurance obligations A provision to repair to or maintain parts of the building
You could have difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. National Westminster Bank, Norwich and Peterborough Building Society, and TSB all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, obliging the buyer to withdraw.
I bought a ground floor flat in Burnham On Sea, 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 Burnham On Sea with over 90 years remaining are worth £185,000. The average or mid-range amount of ground rent is £65 levied per year. The lease expires on 21st October 2078
With just 60 years unexpired we estimate the premium for your lease extension to range between £20,000 and £23,000 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.