Just been in touch with my conveyancing lawyer in Markfield who acted for me 18 months ago asking for a conveyancing estimate based on the same type of house move (a leasehold premises and a freehold premises) of similar values with a mortgage from Skipton Building Society. I am now being charged double. Should I look for an alternative property lawyer?
The estimate does seem a little overpriced. Where you are prepared to spend time contrasting quotes you could decrease the fees slightly by as much as a hundred pounds. That being said, providing that you were happy with the service the firm offered you mightcome to rue opting for an an unknown solicitor. Don't forget to check that the solicitor can represent Skipton Building Society. You can utilise our search tool to choose a Markfield conveyancing firm on the Skipton Building Society approved list of lawyers, which can often include conveyancing solicitors in Markfield.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Markfield?
Two types of professional can carry out conveyancing in Markfield namely licenced conveyancers or solicitors. Both professionals handle the legal services that required to complete the disposal or acquisition of property. Both are required to carry out Markfield conveyancing on similar quality and guidelines so you may be sure that your conveyancing will be professionally carried out and that all necessary steps will be accurately taken.
A relative advised me that in buying a property in Markfield there could be a number of restrictions affecting the ability to carry out external changes to a property. Is this right?
We are aware of anumerous of properties in Markfield which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Markfield should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My wife and I are at the point of viewing houses in Markfield and I am about to put in an offer. Is it premature to have a solicitor in place? I will be getting a mortgage with Coventry BS.
It would be prudent to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the estate agent. As you are obtaining a mortgage with Coventry BS, make sure you remember to check that your lawyer is on the Coventry BS conveyancing panel.
It has been four months since my purchase conveyancing in Markfield took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking for a flat up to £305k and identified one close by in Markfield I like with a park and railway links nearby, however it only has 51 years on the lease. I can't really find anything else in Markfield for this price, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a mortgage the shortness of the lease will likely be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
My wife and I purchased a leasehold house in Markfield. Conveyancing and Accord Mortgages Ltd mortgage organised. I have received a letter from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1994. The conveyancing practitioner in Markfield who acted for me is not around. What should I do?
First make enquiries of HMLR to make sure that this person is in fact the registered owner of the freehold reversion. You do not need to instruct a Markfield conveyancing lawyer to do this as you can do this on the Land Registry website for £3. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I bought a 1 bedroom flat in Markfield, conveyancing was carried out 4 years ago. Can you work out an approximate cost of a lease extension? Similar properties in Markfield with over 90 years remaining are worth £202,000. The average or mid-range amount of ground rent is £60 charged once a year. The lease ceases on 21st October 2074
With just 56 years remaining on your lease the likely cost is going to span between £29,500 and £34,000 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first getting professional advice.