Are there restrictive covenants that are commonly identified during conveyancing in Groby?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Groby. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Should I be concerned by brokers that I am dealing with are recommending a national conveyancing firm as opposed to a local Groby conveyancing firm?
As with lots of service providers, often referrals from family and friends can be most helpful. Yet there are lots of people with a vested interest in a conveyancing deal; estate agents, mortgage brokers and mortgage companies might all put forward lawyers to select. Sometimes these lawyers might be known to one of the organisations as experts in their field, but sometimes there may be a commercial relationship behind the endorsement. You are free to select your own lawyer. However, bear in mind that the majority of lenders specify a panel list of solicitors you are obliged to use for the lender related work in your conveyancing.
We are a couple of weeks into a leasehold purchase having been referred to solicitors by the local agent to handle our conveyancing in Groby. We are not happy. Could you you assist me in finding new solicitors?
They would have to be very poor to suggest diss instructing them. Has your mortgage been issued? In the event that it has you need to advise them of the new contact details and have the loan are issued to the new lawyers. The solicitor ideally needs to be on the banks approved list to avoid escalating costs and delays. That should be your starting point. The find a solicitor tool should help you find a lender approved solicitor for your home move in Groby
I am on look out for some leasehold conveyancing in Groby. Before I get started I want to be sure as to the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and most are in Groby - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I own a garden flat in Groby, conveyancing was carried out October 2010. Can you work out an approximate cost of a lease extension? Corresponding flats in Groby with over 90 years remaining are worth £185,000. The average or mid-range amount of ground rent is £65 per annum. The lease terminates on 21st October 2079
You have 60 years unexpired we estimate the premium for your lease extension to range between £20,000 and £23,000 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.
I am due to consider estimates for conveyancing in Groby from numerous conveyancing practitioner and choose one. Am I right to tell them to hold tight until I I have an offer accepted on a house.
You should only request your lawyer to open a file and submit searches after the sales memo has been issued by the estate agent especially as Groby conveyancing searches are costly.