We opted for a local lawyer for my conveyancing in Comberton today. Reviewing the Terms and Conditions I notewe are on the hook for costs even if the dealdoes not happen. Should I go with them or use a web based conveyancing brokerage advertising no move no charge conveyancing in Comberton?
It is usually ‘give and take’ in that if "No Completion No Fee" is available then the conveyancing charges will tend to be be uplifted to offset those transactions that fail to complete. Please beware that such arrangements tend not to cover disbursements by way of example Comberton conveyancing search fees.
I have been on the look out for a ground for flat up to £245,000 and found one round the corner in Comberton I like with amenity areas and station nearby, the downside is that it only has 49 years unexpired on the lease. There is not much else in Comberton in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
My cousin has encouraged me to instruct his lawyers for conveyancing in Comberton. Should I use them?
There are no two ways about it the ideal way to choose a conveyancing practitioner is to get guidance from friends or family who have previously instructed the conveyancer that you are contemplating using.
My wife and I purchased a leasehold house in Comberton. Conveyancing and Norwich and Peterborough Building Society mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1993. The conveyancing solicitor in Comberton who previously acted has now retired. What should I do?
The first thing you should do is contact HMLR to make sure that this person is indeed the registered owner of the freehold reversion. There is no need to incur the fees of a Comberton conveyancing lawyer to do this as you can do this on the Land Registry website for less than a fiver. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I purchased a 2 bed flat in Comberton, conveyancing formalities finalised in 1997. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Comberton with an extended lease are worth £180,000. The ground rent is £65 per annum. The lease runs out on 21st October 2076
With 58 years remaining on your lease the likely cost is going to be between £21,900 and £25,200 plus plus your own and the landlord's "reasonable" professional fees.
The figure 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 detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.
Your search tool is useful but there are many lawyers listed near Comberton being on the bank conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for our mortgage company?
We do not recommend specific Comberton firms as the right Comberton conveyancing solicitor for you depends on where your priorities lie. For example you may require a local firm with Comberton knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..