I can't travel far from Linslade. What is the rationale as to why all Linslade solicitors are not on all bank panels?
Lenders highlight the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud every year.The elimination of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its conclusions included recommendations for lenders to review their conveyancing panels, which kicked off a major policy change in the sector. This led to lenders purging a number of firms off their panel of approved property lawyers .
Do the conveyancing practitioners identified through your search tool carry out auction conveyancing in Linslade?
There are a few auction solicitors we can connect you with those who can conduct auction conveyancing. Linslade is just one of the many areas of in which our lawyers are based.
I am looking for a flat up to £195,000 and found one close by in Linslade I like with amenity areas and station nearby, the downside is that it only has 52 years on the lease. There is not much else in Linslade for this price, so just wondered if I would be making a mistake buying a short lease?
If you require a home loan the remaining unexpired lease term will likely be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least 2 years you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor about this.
I need to instruct a conveyancing solicitor in Linslade for my house move. Can I check a solicitor's complaints history with the profession’s regulator?
Members of the public may find presented Solicitor Regulator Association (SRA) determinations arising from investigations started on or after 1 January 2008. Go to Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, use +44 (0)121 329 6800. The regulator could recorded call for training reasons.
I am employed by a long established estate agent office in Linslade where we see a number of leasehold sales jeopardised due to short leases. I have been given inconsistent advice from local Linslade conveyancing solicitors. Can you shed some light as to whether the owner of a flat can instigate the lease extension process for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I own a split level flat in Linslade, conveyancing was carried out in 1997. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Linslade with over 90 years remaining are worth £201,000. The ground rent is £45 levied per year. The lease runs out on 21st October 2084
With 65 years remaining on your lease we estimate the premium for your lease extension to span between £13,300 and £15,400 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.