Finally, a loan agreement from Nationwide for the remortgage of my single room apartment is to be issued within the next few days. Could you recommend a low cost conveyancing solicitor in Milton?
You are on the wrong site if you are seeking the lowest fares for conveyancing solicitors in Milton. Our aim is to provide cost effective conveyancing but we do not aim to advertise as being the cheapest. Do not be seduced by organisations offering the bait of ninety nine pound conveyancing in Milton. Optimistically, in going for cheap conveyancing, you will earn what you pay for and at worst you will end up spending a lot in additional fees and still not get the service you were looking for.
I am the registered owner of a freehold property in Milton but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Milton and has limited impact for conveyancing in Milton but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
I have Fifty Six years remaining on my lease and require a lease extension for my apartment in Milton. Conveyancing solicitors on the Platform panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 5/12/2023 the requirements read as follows :
I have been on the look out for a leasehold apartment up to £235,500 and identified one round the corner in Milton I like with amenity areas and railway links nearby, the downside is that it only has 52 years on the lease. I can't really find anything else in Milton in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a home loan the shortness of the lease will likely be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you can ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
I am using a search engine for the phrase cheap conveyancing in Milton it reveals numerous solicitorsin the area. With so much choice what is the best way to find the suitable conveyancing solicitor for the sale of my house?
The best method of finding a suitable conveyancer is via personal recommendation, so seek the opinion of colleagues and relatives who have purchased a property in Milton or the respected estate agent or mortgage broker. Fees for conveyancing in Milton differ, so it's a good idea to obtain a minimum of four fee calculations from different solicitors. Be sure to secure confirmation that the costs are assured not to rise.