I require quick conveyancing in Hermitage as I am under an ultimatum to sign on the dotted line inside 3 weeks. A home loan is not required. Can I avoid the conveyancing searches to save fees and time?
As you are not getting a home loan you are at liberty not to do searches although no conveyancer would recommend that you don't. With plenty of history conveyancing in Hermitage the following are instances of what can be revealed and adversely affect future mortgageability: Refused Planning Applications, Overdue Charges, Overdue Grants, Road Schemes,...
five months have elapsed following my purchase conveyancing in Hermitage completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking for a flat up to £305k and found one near me in Hermitage I like with open areas and transport links nearby, however it's only got 49 remaining years left on the lease. There is not much else in Hermitage for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you require a home loan the remaining unexpired lease term will be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you could ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
I am thinking of appointing a conveyancing practitioner in Hermitage for my home move. Is it possible to see a solicitor's record with the legal regulator?
One can see published Solicitor Regulator Association (SRA) determinations stemming from investigations commenced on or after 1 January 2008. Go to Check a solicitor's record. For details Pre 2008, or to check a solicitors history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, dial +44 (0)121 329 6800. The regulator sometimes recorded call for training reasons.
What advice can you give us when it comes to finding a Hermitage conveyancing firm to deal with our lease extension?
When appointing a solicitor for lease extension works (regardless if they are a Hermitage conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you talk with two or three firms including non Hermitage conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be useful:
If the firm is not ALEP accredited then what is the reason? How many lease extensions has the firm carried out in Hermitage in the last year?
I am the registered owner of a studio flat in Hermitage, conveyancing formalities finalised November 2009. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Hermitage with a long lease are worth £175,000. The average or mid-range amount of ground rent is £65 per annum. The lease expires on 21st October 2077
With just 58 years remaining on your lease we estimate the premium for your lease extension to span between £21,900 and £25,200 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 detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be 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.