It has taken forever and a day but a mortgage agreement from HSBC for the remortgage of my 2 bedroom maisonette is due any day now. Are you able to recommend a low cost conveyancing law firm in Faringdon?
You are on the wrong site if you are seeking a cheap conveyancing in Faringdon. We can offer you affordable conveyancing but our intention is not to advertise as being the cheapest. Avoid the trap of appointing organisations teasing you with £99 conveyancing in Faringdon. In your best case scenario, in being led by low cost conveyancing, you will get your money’s worth and at worst you will end up paying a lot in additional fees and still not end up with the service expected.
We see that you have a post code search directory identifying solicitors on the Coventry BS conveyancing panel. Do companies pay you a referral fee if I appoint them for our own conveyancing in Faringdon?
We are a listing service only for law firms wishing to communicate if they are on the Coventry BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Faringdon.
My wife and I have a 4 bedroom Victorian house in Faringdon. Conveyancing solicitor acted for me and Coventry Building Society. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold under the matching address. Is it worth asking Coventry Building Society to clarify?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Faringdon and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the position with your conveyancing solicitor who completed the work.
As co-executor for the will of my grandfather I am disposing of a property in Cardiff but reside in Faringdon. My lawyer (based 200 kilometers awayhas requested that I sign a statutory declaration prior to the transaction finalising. Can you recommend a conveyancing solicitor in Faringdon who can witness and place their company stamp on the document?
strictly speaking you should not be required to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will do regardless of whether they are Faringdon based
I am employed by a busy estate agency in Faringdon where we have experienced a number of leasehold sales jeopardised as a result of leases having less than 80 years remaining. I have been given contradictory information from local Faringdon conveyancing firms. Please can you clarify whether the owner of a flat can start the lease extension formalities for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Leasehold Conveyancing in Faringdon - A selection of Questions you should ask before Purchasing
Many Faringdon leasehold flats will be liable to pay a service bill for the upkeep of the building set on behalf of the freeholder. Where you purchase the apartment you will have to pay this charge, usually in instalments accross the year. This could be anything from a couple of hundred pounds to thousands of pounds for blocks with lifts and large communal grounds. In all probability there will be a ground rent to be met annual, ordinarily this is not a large figure, say about £25-£75 but you need to enquire as on occasion it can be surprisingly expensive. What is the the remaining lease term? For most Faringdon leaseholds the outlay for major works tend not to be included within maintenance charges, although there some managing agents in Faringdon ask leasehold owners to pay into a reserve fund and this is used to offset against major works.