We are expecting a mortgage offer soon. The bank mentioned the home loan came with free conveyancing. Does this mean I have to instruct their panel conveyancer as I would much rather use a Burwell based conveyancing firm?
Do check but the chances are that appoint one of their panel conveyancers where you want the "fee-free" incentive. Speak to the bank to check if they allow a cash alternative. Some lenders have previously offered a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor near Burwell.
I have recentlyfound out that Stirling Law have closed. They conducted my conveyancing in Burwell for a purchase of a leasehold apartment 12 months ago. How can I check that my home is not still registered in the name of the former proprietor?
The easiest method to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Burwell conveyancing specialists.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a quick, chain free conveyancing. Burwell is where the house is located. Can you offer any advice?
Flying freeholds in Burwell are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Burwell you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Burwell may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Due to complete next month on a ground floor flat in Burwell. Conveyancing lawyers inform me that they will have a report out to me on Monday. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Burwell should include some of the following:
if lease has a provision for a reserve fund? Details of the parties to the lease, for instance these could be the (you), superior lessor, landlord What you can do if a neighbour breaches a clause of their lease? Ground rent - what is due and what the invoice dates are, and also know whether this is subject to change Where does the liability rest to repair and maintain the main walls and foundations. It is essential for you to know who is liable for the repair and maintenance of all parts of the block and estate
I invested in buying a 1st floor flat in Burwell, conveyancing formalities finalised March 2012. Can you work out an approximate cost of a lease extension? Corresponding properties in Burwell with an extended lease are worth £206,000. The ground rent is £45 yearly. The lease runs out on 21st October 2084
You have 66 years unexpired we estimate the premium for your lease extension to range between £11,400 and £13,200 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.
I am an executor of my recently deceased aunt’s Will, with a house in Burwell which will be sold. The house has never been registered at HMLR and I'm advised that many buyers solicitors will insist that it is completed before they will proceed. What's the procedure for this?
In the situation you refer to it seems prudent to apply to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. HMLR’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and certified copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.