Me and my partner are buying a maisonette in Gowerton. My Conveyancer has never been on on the mortgage company conveyancing panel. Can I still retain my Gowerton conveyancing solicitor even though they are not on the bank approved list?
You will need to appoint a conveyancing practitioner to complete the legal work required when you need a mortgage to purchase your property. The solicitor will conduct all the necessary investigations on the property, make sure that you’re registered as proprietor and ensure that all the required mortgage documentation is in order. One could appoint a Gowerton solicitor of your choosing. Nevertheless, if the solicitor appointed is not on the mortgage company approved list additional fees will arise as separate legal representation will be need by the mortgage company. Conveyancing panel applications can be submitted, so provided your solicitor has not historically applied for membership they should do so.
Me and my brother own a 4 bedroom Edwardian property in Gowerton. Conveyancing practitioner acted for me and Lloyds TSB Bank. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold under the matching property. I'd like to know for sure, how can I find out??
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 Gowerton and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with the conveyancing solicitor who completed the work.
Hoping to buy a property located in Gowerton and I am already nervous. I couldn't find anything specific about Gowerton. Conveyancing will be needed in due course but do you know about the Gowerton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Gowerton. In the meantime here are some basic statistics that we found
I need to retain a conveyancing solicitor for some conveyancing in Gowerton. I've stumble upon a site which looks to be the ideal solution If there is a chance to get all this stuff completed via phone that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I've recently bought a leasehold flat in Gowerton. Do I have any liability for service charges for periods before my ownership?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I bought a 2 bed flat in Gowerton, conveyancing was carried out 10 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Gowerton with over 90 years remaining are worth £197,000. The ground rent is £55 invoiced every year. The lease runs out on 21st October 2075
With 56 years remaining on your lease we estimate the premium for your lease extension to be between £29,500 and £34,000 plus costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you want to 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.