We wanted to use a property lawyer in Norton Woodseats for our home move. Our financial adviser informed us that our mortgage lenders Skipton Building Society won't deal with them. Why is this not regarded as unfair competition?
A bank can direct that an approved conveyancer act for it. Borrowers are liable to meet the charges for this. Try using our database to select a solicitor to carry conveyancing in Norton Woodseats on the Skipton Building Society conveyancing panel.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one close by in Norton Woodseats I like with amenity areas and transport links nearby, the downside is that it only has 52 remaining years left on the lease. There is not much else in Norton Woodseats for this price, so just wondered if I would be making a mistake purchasing a short lease?
If you require a home loan that many years will likely be an issue. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least twenty four months you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
I'm converting the mortgage on my existing home to a buy to let loan with Chelsea Building Society and I will use the rest of the raised equity as a deposit on a second property. The location we are interested in is Norton Woodseats. Will your lawyers be able to act for both sets of banks and link together the two deals?
Do use our comparison tool on this page to be sure that the lawyers are approved by both mortgage companies. On the basis that they are the conveyancer should be able to tie up the two deals but you should have a chat with you lawyer and specify your desired outcome and requirements.
I have just appointed agents to market my garden apartment in Norton Woodseats. Conveyancing is yet to be initiated, but I have just received a yearly maintenance charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should discharge the service charge as usual because all rents and service charges should be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I acquired a garden flat in Norton Woodseats, conveyancing having been completed 7 years ago. 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? Comparable properties in Norton Woodseats with an extended lease are worth £171,000. The ground rent is £50 invoiced annually. The lease runs out on 21st October 2102
With just 79 years remaining on your lease we estimate the premium for your lease extension to range between £7,600 and £8,800 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 renewing a lease, but we are not able to advice on the actual costs without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.
I bought a property in Norton Woodseats last 6/12/2021 and to date it is still not registered with the Land Registry. It was part of a new estate and my property lawyer told me that it can take twelve months to register. I have spoken with HM Land Registry directly and they say that the original application was cancelled due to questions not being addressed in time. Should I be concerned?
Contact your lawyer - if you are not getting sensible responses, look up their internal complaints process and escalate your concerns to a Complaints Manager. Registrations for Norton Woodseats conveyancing are not known to be significantly delayed.