I have just been advised by my estate agent that my Maulden the law firm I have appointed is not on the bank Solicitor panel. How can I be sure if this is correct?
Your first step should be to call your Maulden lawyer directly. You lawyer should advise you what has happened. If they are not on the panel they may recommend you to a Maulden conveyancing firm that is on the approved list of lawyers for your mortgage company.
I have given 8 weeks notice to my current landlord and have to leave my rented flat in Maulden by 4/1/2021. Conveyancing for my house purchase is underway. How realistic is it to complete in a couple of weeks as I wish to avoid having to move into temporary accommodation?
It is unwise to give notice on a rental unless your lawyer suggests that you should. Assuming that you have not already done so, notify to your lawyer and urge them to they cajole the sellers solicitors, try to get a realistic time scale from them that all parties will aim to achieve
I am purchasing a terraced house in Maulden. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Maulden you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Maulden.
What makes a Maulden lease defective?
Leasehold conveyancing in Maulden is not unique. All leases are unique and drafting errors can result in certain clauses are not included. For example, if your lease is missing any of the following, it could be defective:
Maintenance charge proportions which don’t add up to the correct percentage Repairing obligations to or maintain elements of the premises
You will have a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Birmingham Midshires, The Royal Bank of Scotland, and Alliance & Leicester all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the buyer to pull out.
I inherited a leasehold flat in Maulden, conveyancing having been completed April 2000. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Maulden with a long lease are worth £227,000. The ground rent is £50 levied per year. The lease ceases on 21st October 2092
You have 72 years unexpired we estimate the price of your lease extension to range between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" 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 due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.
Whilst your website is a good idea there are many lawyers listed near Maulden being on the mortgage company conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the lender approved panel?
We are not in the business of recommending one firm above another as the right Maulden conveyancing solicitor for you depends on where your priorities lie. For example you may require a local firm with Maulden knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..