I was advised yesterday by my estate agent that my Huntingdon the law firm I have appointed is not on the bank Conveyancing panel. How can I check?
The best course of action for you to take is to call your Huntingdon conveyancer. It is reasonable to expect your lawyer to notify you of the situation. Where they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your bank.
We were just about to exchange contracts for a freehold house in Huntingdon. We encountered a problem. The mortgage offer with Clydesdale expires on 24/6/2019 but the owners are insisting on a completion date of 26/6/2019. Is it possible to extend the mortgage expiry date?
The best person to address this question is your lawyer who will hopefully assess if they should be discussing with the mortgage company, vendor’s lawyers, property agents or conceivably all parties taking into account the history of your house move as of today.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. Huntingdon is where the house is located. What do you suggest?
Flying freeholds in Huntingdon are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Huntingdon you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Huntingdon may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
What makes your site different to alternative online quote calculators when it comes to conveyancing in Huntingdon?
At this site receive a conveyancing quote via a Solicitor or Licensed Conveyancer that appreciates the issues of your conveyancing in Huntingdon. Unlike many estate agents and many comparison sites we do not operate kick-back deals with solicitors. Some agents and online brokers 'recommend' solicitors who pay the highest per referral, as opposed to the best value conveyancing in Huntingdon
I am a negotiator for a busy estate agent office in Huntingdon where we have experienced a few flat sales jeopardised as a result of short leases. I have been given inconsistent advice from local Huntingdon conveyancing solicitors. Could you confirm whether the seller of a flat can commence the lease extension process for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I bought a split level flat in Huntingdon, conveyancing was carried out in 1997. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Huntingdon with an extended lease are worth £265,000. The average or mid-range amount of ground rent is £50 per annum. The lease runs out on 21st October 2095
With 76 years left to run the likely cost is going to be between £8,600 and £9,800 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.