Can the conveyancing lawyers that you recommend perform right to buy conveyancing in Ketton?
We have identified a variety of conveyancing experts carrying out right to buy conveyancing work Do e-mail the conveyancers listed to obtain a costs calculation.
My home in Ketton is up for sale and I have a purchaser. Does the lawyer need to be required to be on the HSBC conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the HSBC conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently currently.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and identified one close by in Ketton I like with a park and transport links nearby, however it's only got 61 years on the lease. There is not much else in Ketton suitable, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a mortgage the shortness of the lease will be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
I am intending to let out my leasehold flat in Ketton. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for permission?
Even though your last Ketton conveyancing solicitor is no longer around you can review your lease to check if it allows you to sublet the property. The accepted inference is that if the deeds are non-specific, subletting is allowed. There may be a precondition that you must seek permission via your landlord or some other party before subletting. This means that you cannot sublet in the absence of first obtaining consent. Such consent must not not be unreasonably turned down. If your lease does not allow you to sublet you should ask your landlord if they are willing to waive this restriction.
I invested in buying a garden flat in Ketton, conveyancing was carried out in 2005. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Ketton with an extended lease are worth £180,000. The ground rent is £65 invoiced every year. The lease terminates on 21st October 2077
You have 58 years remaining on your lease the likely cost is going to be between £22,800 and £26,400 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.
I have just had an offer accepted on an apartment in Ketton and the estate agent that we are dealing with recommended his property lawyer. She quoted £1000 including VAT and 3rd party costs. Does this sound like a good deal?
Don't just go on one estimate. You should obtain like-for-like quotes for your conveyancing in Ketton. Then select one that you are comfortable with and crucially, is on the approved panel of the lender that you have applied for a mortgage from.