Finally, a mortgage agreement from Santander for the refinancing of my 2 room garden flat is to be issued within the next few days. Could you recommend a low cost conveyancing practitioner in Great Yarmouth?
You have come to the wrong site to search for the lowest fares for conveyancing in Great Yarmouth. Our aim is to provide value for money conveyancing but we do not aim to advertise as being the cheapest. Do not be swayed by brokers offering the bait of £99 conveyancing in Great Yarmouth. In your best case scenario, in going for cheap conveyancing, you will receive what you pay for and at worst it will result in you with a surprising uplift in additional fees and still not get the service you were looking for.
Can I use your services to find a Conveyancing solicitor in Great Yarmouth even where I’m not buying or selling a house, for example if I intend to acquire an office in Great Yarmouth with a loan from Norwich and Peterborough Building Society?
Our comparison service is primarily utilised to get a quote from residential conveyancing solicitors in Great Yarmouth but we have set out at the bottom of this page some Great Yarmouth commercial conveyancing firms. You will need to make contact with the solicitors directly to establish if they are also authorised to represent Norwich and Peterborough Building Society
The estate agent has sent us the confirmation of our purchase of a new build apartment in Great Yarmouth. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Great Yarmouth
If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I have been sourcing a conveyancing solicitor in Great Yarmouth for my house move. Is it possible to review a solicitor's record with the profession’s regulator?
Members of the public can review presented Solicitor Regulator Association (SRA) determinations resulting from inquisitions started on or after Jan 2008. Visit Check a solicitor's record. To find records Pre 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, use +44 (0)121 329 6800. The regulator may monitor call for training purposes.
I am attracted to a couple of apartments in Great Yarmouth which have about fifty years unexpired on the lease term. Should I regard a short lease as a deal breaker?
There are no two ways about it. A leasehold apartment in Great Yarmouth is a wasting asset as a result of the shortening lease. The nearer the lease gets to its expiry date, the more it adversely affects the salability of the premises. The majority of purchasers and mortgage companies, leases with under eighty years become less and less marketable. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Great Yarmouth conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
Great Yarmouth Conveyancing for Leasehold Flats - A selection of Queries before Purchasing
The best form of lease arrangement is a share of the freehold. In this arrangement the leaseholders enjoy being in charge if their destiny and although a managing agent is frequently retained where the building is larger than a house conversion, the managing agent is directed by the tenants. How much is the ground rent and service charge? Is anyone aware of any major works anticipated that will likely increase the service fees?