My partner’s mother is a conveyancing practitioner. I expect that I will be offered friends and family fee for conveyancing, but if not, what kind of costs would I typically be looking at for conveyancing in Lees and Moorside?
Do contrast pricing. Make use of our search tool on this site. You will notice that estimates seem to be different but service levels do differ between law firms as is true with most professions.
My aunt passed away six months ago and as sole heir and executor I was left the property in Lees and Moorside. The house had a relatively small loan remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Nationwide, pay off the mortgage. Is this allowed?
Given you plan to refinance then Nationwide will insist on your using a conveyancer on the Nationwide conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Nationwide conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Nationwide mortgage is registered as a charge at the Land Registry.
I am the sole beneficiary of my late grandmother’s will and I have everything in my name now, including the house in Lees and Moorside. Conveyancing formalities meant that the Land Registry date was in April. I want to move. I understand that there is a CML six month 'rule', meaning my property ownership will be treated the same way as though I had purchased the house in April. Do I have to wait half a year to sell?
The CML handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be affected by that. Most mortgage companies would take a sensible view as this requirement is primarily there to capture the purchase and immediately sell or the quick reselling of property.
When it comes to lenders such as Virgin Money, do Lees and Moorside property lawyers have to pay a fee to be on the list of approved solicitors?
We are unaware of any bank fees to be on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
Is there a list of Santander panel solicitors in Lees and Moorside on the Building Society Association’s Website?
Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. A small selection of lenders make their panel listings viewable on the web. If you are in need of a Lees and Moorside conveyancing practitioner on the Santander please use our tool.
Over the last few months I have been searching for a flat up to £245,000 and identified one round the corner in Lees and Moorside I like with open areas and railway links nearby, the downside is that it's only got 61 years unexpired on the lease. There is not much else in Lees and Moorside in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a home loan the shortness of the lease may be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
If all goes to plan we aim to complete the sale of our £150,000 apartment in Lees and Moorside next week. The freeholder has quoted £384 for Certificate of Compliance, insurance certificate and 3 years service charge statements. Is the landlord entitled to charge such fees for a leasehold conveyance in Lees and Moorside?
Lees and Moorside conveyancing on leasehold apartments more often than not requires the purchaser’s solicitor sending enquiries for the landlord to address. Although the landlord is under no legal obligation to answer these enquiries the majority will be willing to assist. They may invoice a reasonable charge for answering questions or supplying documentation. There is no upper cap for such fees. The average costs for the information that you are referring to is £350, in some transactions it exceeds £800. The administration charge invoiced by the landlord must be accompanied by a synopsis of rights and obligations in respect of administration fees, otherwise the charge is technically not due. Reality however dictates that you have no choice but to pay whatever is requested of you should you wish to sell the property.
I invested in buying a leasehold flat in Lees and Moorside, conveyancing was carried out half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Lees and Moorside with over 90 years remaining are worth £260,000. The ground rent is £45 charged once a year. The lease expires on 21st October 2096
You have 74 years unexpired we estimate the price of your lease extension to be between £8,600 and £9,800 plus legals.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.