I had intended to instruct a property lawyer in Milnthorpe for our house purchase. Our financial adviser has since notified us that our mortgage company Barclays won't deal with them. Surely this is unfair competition?
A lender may direct that an approved solicitor act for it. You would be liable to bear the charges for this. Do use our database to choose a solicitor to conduct conveyancing in Milnthorpe on the Barclays approved list of solicitors.
A relative advised me that where I am buying in Milnthorpe I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally quoted for as part of the standard Milnthorpe conveyancing searches. It is a large document of more than thirty pages, listing and setting out significant information about Milnthorpe around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Milnthorpe Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful information regarding Milnthorpe.
I have todaydiscovered that Wolstenholmes have been shut down. They conducted my conveyancing in Milnthorpe for a purchase of a leasehold flat 12 months ago. How can I check that my home is not still registered in the name of the former proprietor?
The quickest method to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Milnthorpe conveyancing specialists.
About to purchase a new build apartment in Milnthorpe. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Milnthorpe
Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please supply a car parking plan. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
I work for a reputable estate agency in Milnthorpe where we have experienced a few flat sales derailed as a result of short leases. I have been given contradictory information from local Milnthorpe conveyancing firms. Please can you confirm whether the owner of a flat can commence the lease extension formalities for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the disposal of the property.
An alternative approach is 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 buyer.
I invested in buying a 1st floor flat in Milnthorpe, conveyancing formalities finalised March 2000. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Milnthorpe with an extended lease are worth £265,000. The average or mid-range amount of ground rent is £50 per annum. The lease ends on 21st October 2096
With 75 years unexpired we estimate the premium for your lease extension to range between £8,600 and £9,800 plus professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.