IfI was to purchase a straightforward propertyin Northumberland mortgage fee and have no survey and no conveyancing searches how much would I expect to have to pay for conveyancing in Northumberland?
Any savings you would achieve will be isolated to the Northumberland conveyancing searches. A property lawyer is required to do the vast majority of work - money laundering, communicating with the vendors solicitor, SDLT submission, register the ownership etc. A marginal saving might be made by not needing to register a mortgage but it will not be significant.
How up to date is your database of Northumberland solicitors on the Kent Reliance conveyancing panel? Do Kent Reliance send you an updated list?
Northumberland conveyancing firms themselves provide us confirmation that they are on the Kent Reliance conveyancing panel as opposed to being supplied with a list from Kent Reliance directly.
The deeds to our home are lost. The solicitors who dealt with the conveyancing in Northumberland 5 years ago no longer exist. Will I be able to sell the house?
Assuming you have a registered title the information relating to your ownership will be evidenced by the Land Registry under a Title Number. It is easy to perform a search at the Land Registry, find your house and obtain up to date copies of the property title for a small fee. If the title is Leasehold then the Land Registry will in most cases hold a certified duplicate of the Registered Lease and again, a copy can be ordered for £20 inclusive of VAT.
I am looking for a flat up to £195,000 and identified one round the corner in Northumberland I like with amenity areas and transport links nearby, the downside is that it's only got 52 years on the lease. I can't really find anything else in Northumberland in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a home loan the shortness of the lease will likely be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of 2 years you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
I have been recommended by two or three local estate agents in Northumberland to locate a property lawyer using your seach tool. Is there a financial inducement for Estate Agents to recommend your services rather than a competitor’s?
We refuse to make any referral fee for directing people in our direction. We thought it would be too underhand a fee as home movers will think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.