Is the fact that my conveyancer in Kirkwhelpington is not on my mortgage company's solicitor panel that there is a problem with the standard of her conveyancing?
That is more than likely a wrong assumption to make. There are plenty of plausible explanations. A recent report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should contact the Kirkwhelpington conveyancing practice and enquire why they are no longer on the approved list for your bank.
We note that you have a search directory identifying law firms on the Co-operative conveyancing panel. Do firms pay you a commission if I retain them for our conveyancing in Kirkwhelpington?
We are a listing service only for law firms wishing to communicate if they are on the Co-operative conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Kirkwhelpington.
How does conveyancing in Kirkwhelpington differ for new build properties?
Most buyers of new build premises in Kirkwhelpington come to us having been asked by the developer to sign contracts and commit to the purchase even before the property is ready to move into. This is because house builders in Kirkwhelpington usually purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Kirkwhelpington or who has acted in the same development.
I am looking for a leasehold apartment up to £195,000 and found one round the corner in Kirkwhelpington I like with amenity areas and railway links in the vicinity, however it's only got 52 remaining years left on the lease. There is not much else in Kirkwhelpington for this price, so just wondered if I would be making a grave error purchasing a short lease?
If you need a home loan the remaining unexpired lease term will likely be an issue. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.
My wife and I purchased a leasehold flat in Kirkwhelpington. Conveyancing and Godiva Mortgages Ltd mortgage organised. A letter has just been received from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1997. The conveyancing solicitor in Kirkwhelpington who acted for me is not around. Do I pay?
The first thing you should do is make enquiries of HMLR to be sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Kirkwhelpington conveyancing firm to do this as it can be done on-line for a few pound. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I invested in buying a garden flat in Kirkwhelpington, conveyancing formalities finalised 4 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Kirkwhelpington with a long lease are worth £175,000. The ground rent is £65 levied per year. The lease finishes on 21st October 2077
With 58 years unexpired we estimate the price of your lease extension to be between £22,800 and £26,400 plus professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive investigations. You should not use this information in tribunal or court proceedings. 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 move forward placing reliance on this information before seeking the advice of a professional.