Do banks and building societies provide you with an approved list of Emersons Green conveyancing solicitors? How do you know who is on the Aldermore conveyancing panel?
Emersons Green conveyancing firms themselves provide us confirmation that they are on the Aldermore conveyancing panel as opposed to being supplied with a list from Aldermore directly.
Is it necessary during the course of the conveyancing process to have a meeting at the offices of the solicitor to execute the mortgage deed? If so, I will choose one who does conveyancing in Emersons Green so that I can attend their offices when needed.
As opposed to 15 years ago, almost all banks no longer need their conveyancing panel lawyer to witness the borrowers signature. You will still be obliged to supply ID documents and there are still manifest advantages to using a locally based solicitor, in your case a conveyancing solicitor in Emersons Green.
The deeds to our house can not be found. The conveyancers who conducted the conveyancing in Emersons Green 10 years ago have long since closed. Will I be able to sell the house?
As long as you have a registered title the information relating to your ownership will be retained by the Land Registry under a Title Number. It is possible to perform a search at the Land Registry, locate your property and obtain up to date copies of the Registered Entries for less than a fiver. If the property is Leasehold then the Land Registry will in most cases hold a file copy of the Registered Lease and again, a copy can be retrieved for twenty pounds.
I have been on the look out for a ground for flat up to £245,000 and identified one round the corner in Emersons Green I like with a park and station in the vicinity, however it only has 51 remaining years left on the lease. There is not much else in Emersons Green suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a mortgage the shortness of the lease will be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
I today plan to offer on a house that appears to tick a lot of boxes, at a great price which is making it all the more appealing. I have subsequently found out that the title is leasehold rather than freehold. I would have thought that there are particular concerns buying a house with a leasehold title in Emersons Green. Conveyancing solicitors have are about to be instructed. Will my lawyers set out the risks of buying a leasehold house in Emersons Green ?
Most houses in Emersons Green are freehold and not leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can help the conveyancing process. We note that you are purchasing in Emersons Green so you should seriously consider looking for a Emersons Green conveyancing solicitor and be sure that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. As a leaseholder you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as requiring the landlord’spermission to conduct changes to the property. You may also be required to pay a maintenance charge towards the upkeep of the estate where the house is part of an estate. Your solicitor will appraise you on the various issues.
I am the registered owner of a garden flat in Emersons Green, conveyancing having been completed in 2003. 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? Similar properties in Emersons Green with over 90 years remaining are worth £206,000. The ground rent is £45 levied per year. The lease expires on 21st October 2088
With 67 years remaining on your lease we estimate the premium for your lease extension to range between £10,500 and £12,000 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 extending a lease, but we are not able to advice on a more accurate figure without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.