I am nearing an exchange on a property in Castleton and Blacktown and my parents have sent the exchange deposit to my solicitor. I am now informed that as the deposit has not come from me my conveyancing practitioner needs to disclose this to my bank. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the mortgage company concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your conveyancing practitioner is obliged to check with mortgage company to ensure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only notify this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
Over the last few months I have been searching for a ground for flat up to £305k and identified one round the corner in Castleton and Blacktown I like with open areas and railway links in the vicinity, however it only has 51 remaining years left on the lease. There is not much else in Castleton and Blacktown for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a mortgage the shortness of the lease will likely be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
My cousin has suggested that I appoint his lawyers for conveyancing in Castleton and Blacktown. Should I use them?
Much as we are happy to recommend a Castleton and Blacktown conveyancing lawyer the best way to select a conveyancing practitioner is to seek recommendations from friends or relatives who have experience in using the conveyancer you're considering.
I own a leasehold flat in Castleton and Blacktown. Conveyancing and Santander mortgage are in place. I have received a letter from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1995. The conveyancing practitioner in Castleton and Blacktown who previously acted has long since retired. What should I do?
First contact HMLR to be sure that the individual claiming to own the freehold is indeed the new freeholder. You do not need to incur the fees of a Castleton and Blacktown conveyancing lawyer to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I inherited a studio flat in Castleton and Blacktown, conveyancing having been completed in 1997. How much will my lease extension cost? Corresponding properties in Castleton and Blacktown with a long lease are worth £180,000. The average or mid-range amount of ground rent is £65 yearly. The lease comes to an end on 21st October 2077
You have 59 years remaining on your lease the likely cost is going to range between £20,900 and £24,200 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.
I note that you have a search directory identifying firms on the lender conveyancing panel. Do Castleton and Blacktown conveyancing companies pay you a referral fee if I retain them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the lender conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Castleton and Blacktown.