My brother-in-law has suggested I instruct a conveyancing solicitor in Hanham. I need to find out if they are on the Halifax conveyancing panel. Could you or the lender confirm if they are on the panel?
You should phone the solicitor and enquire if they can act for the bank. Otherwise you should call Halifax who may be able to assist.
A friend suggested that where I am buying in Hanham I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally quoted for as part of the standard Hanham conveyancing searches. It is not a small document of about 40 pages, listing and detailing significant information about Hanham around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful information about Hanham.
I am looking for a leasehold apartment up to £195,000 and identified one near me in Hanham I like with a park and transport links nearby, however it only has 61 remaining years left on the lease. There is not much else in Hanham for this price, so just wondered if I would be making a grave error purchasing a short lease?
If you need a home loan the shortness of the lease will likely be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
Looking forward to exchange soon on a studio apartment in Hanham. Conveyancing lawyers assured me that they are sending me a report on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in Hanham should include some of the following:
The landlord’s rights to access the premises. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. What the implications are if you breach a clause of your lease? Responsibility to repair and maintain the block. It is important that you know who is liable for the repair and maintenance of every part of the building You should be informed what is to be regarded as a Nuisance as far as the lease is concerned Who has the liability for maintaining the window frames
I am the registered owner of a 1 bedroom flat in Hanham, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Hanham with a long lease are worth £222,000. The ground rent is £50 levied per year. The lease expires on 21st October 2092
You have 70 years unexpired the likely cost is going to range between £9,500 and £11,000 as well as legals.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.
What is the average conveyancing fee for conveyancing in Hanham?
The average cost in 2014 for conveyancing in Hanham was just over one thousand four hundred and fifty pounds excluding Stamp Duty and Land Registry charges.