Recently contacted my conveyancing lawyer in Keyworth who completed the legal work 18 months ago and wanted a conveyancing estimate based on an identical type of home move (a leasehold premises and a freehold premises) of almost identical values with a mortgage from Nottingham Building Society. I am now being quoted twice the amount. Am I right to be tempted to shop around for an alternative firm of conveyancing solicitor?
The estimate does seem a tad overpriced. If you shop around you could trim some of the cost by say £100 plus VAT. On the other hand, assuming were pleased with the service the firm offered you mightlive to regret opting for an a cheaper conveyancer. If is important to enquire that the conveyancer can also act for Nottingham Building Society. Do employ our search tool to locate a Keyworth conveyancing firm on the Nottingham Building Society conveyancing panel, which can often include conveyancing solicitors in Keyworth.
I am considering applying for a Santander mortgage for purchase of a newly converted (under development) in Keyworth with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Santander ?
There is nothing to stop you using your solicitor, but Santander will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I am looking for a flat up to £235,500 and found one round the corner in Keyworth I like with a park and railway links in the vicinity, however it only has 61 years on the lease. I can't really find anything else in Keyworth in this price bracket, so just wondered if I would be making a grave error buying a short lease?
Should you need a mortgage the remaining unexpired lease term will be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.
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At this site obtain a conveyancing costs illustration via a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in Keyworth. Unlike many estate agents and many comparison sites we do not charge firms a fee if you select them for your conveyancing in Keyworth
There are only 62 years unexpired on my flat in Keyworth. I need to extend my lease but my landlord is absent. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the magistrate. However, you will be required to demonstrate that you or your lawyers have done all that could be expected to find the lessor. On the whole a specialist may be helpful to conduct investigations and to produce an expert document which can be used as proof that the freeholder can not be located. It is advisable to get professional help from a property lawyer both on investigating the landlord’s disappearance and the vesting order request to the County Court covering Keyworth.
Keyworth Leasehold Conveyancing - Examples of Questions you should consider before buying
This question is helpful as a) areas can result in problems for the building as the common areas may begin to deteriorate where repairs remain unpaid b) if the tenants have an issue with the managing agents you will want to have all the details Is there a share of the freehold?