After what seems like an age a loan offer from Santander for the refinancing of my 4 bedroom apartment is to be issued within the next few days. Are you able to put forward a low cost conveyancing law firm in Menai Bridge?
You have come to the wrong place to search for the cheapest conveyancing in Menai Bridge. Our aim is to provide excellent value conveyancing but our intention is not to work with the cheapest lawyers. Do not be swayed by organisations seducing you with ninety nine pound conveyancing in Menai Bridge. Optimistically, in deciding on cheap conveyancing, you will end up with what you pay for and at worst it will result in you with a surprising uplift in additional fees and still not receive the service required.
Can the conveyancing lawyers that you recommend handle conveyancing in Menai Bridge by way of an attended exchange?
We do have a number of conveyancing specialists carrying out personalised exchanges. Please call us to get a fee calculation and details as to dates.
It has been 4 months since my purchase conveyancing in Menai Bridge took place. I have checked the Land Registry site which shows that I paid £150,000 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 premises 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 have been on the look out for a ground for flat up to £305k and found one near me in Menai Bridge I like with a park and station in the vicinity, however it only has 61 years unexpired on the lease. There is not much else in Menai Bridge suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you require a home loan the remaining unexpired lease term may be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
My wife and I purchased a leasehold house in Menai Bridge. Conveyancing and Birmingham Midshires mortgage went though with no issue. I have received a letter from someone saying they have taken over the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1991. The conveyancing practitioner in Menai Bridge who previously acted has long since retired. Any advice?
The first thing you should do is contact HMLR to make sure that this person is in fact the registered owner of the freehold reversion. You do not need to incur the fees of a Menai Bridge conveyancing firm to do this as it can be done on-line for £3. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I invested in buying a leasehold flat in Menai Bridge, conveyancing formalities finalised half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Menai Bridge with a long lease are worth £260,000. The ground rent is £45 levied per year. The lease runs out on 21st October 2092
With only 74 years unexpired we estimate the premium for your lease extension to be between £8,600 and £9,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.