I am due to exchange on the purchase of a house in Ilkley but as a consequence of damage from a small fire at the property I have managed to agree reparation from the current proprietors of £2k by way of a adjustment in the price. This was going to be addressed as part of the conveyancing process but Santander will not agree to this. Should they have been involved?
Any property lawyer being on a Santander conveyancing panel is duty bound to disclose to Santander of any variations to the purchase price. If you prohibit your conveyancer to notify the reduction to Santander then they would have to discontinue acting for you. In addition, Santander and you would have to appoint a new conveyancing practitioner for your conveyancing in Ilkley.
It has been three months following my purchase conveyancing in Ilkley concluded. I have checked the Land Registry website which shows that I paid £175,000 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 property 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.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Ilkley. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Ilkley
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. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? 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. There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
I am on look out for some leasehold conveyancing in Ilkley. Before I get started I want to be sure as to the remaining lease term.
Assuming the lease is registered - and most are in Ilkley - 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 purchased a garden flat in Ilkley, conveyancing was carried out in 1997. Can you please calculate a probable premium for a statutory lease extension? Corresponding properties in Ilkley with over 90 years remaining are worth £202,000. The average or mid-range amount of ground rent is £55 yearly. The lease finishes on 21st October 2075
With 56 years left to run we estimate the premium for your lease extension to span between £29,500 and £34,000 plus legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.
Been searching for a lawyer for freehold sale conveyancing in Ilkley. I'm selling, uncomplicated no mortgage to redeem, no hurry, no onward chain. Got a quote from a conveyancing practitioner for £900 plus VAT which is a tad steep considering its so straightforward. Can I pay less for conveyancing in Ilkley?
Considering it’s a sale only, 475 + VAT should be about the best for sale conveyancing in Ilkley.