The lawyer who dealt with my previous purchase has quoted just over a thousand pound for fixed fee conveyancing in Nuthall. I am hoping to sell a modern house for £250,000. Are these conveyancing fees excessive? Is it above what I should be paying for conveyancing in Nuthall?
The charges are a bit high. If you shop around you could reduce the fees slightly by say a hundred pounds. On the other hand, you maycome to regret opting for an an unknown lawyer. Remember to enquire the conveyancer can act for your bank. Do make use of our comparison tool to find a Nuthall conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Nuthall.
It is 10 years ago since I bought my property in Nuthall. Conveyancing lawyers have just been retained on the sale but I can't locate the deeds. Will this cause complications?
You need not be too concerned. Firstly there is a possibility that the deeds will be with your lender or they could stored with the lawyers who oversaw the purchase. Secondly the chances are that the land will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors procuring current official copies of the land registers. Almost all conveyancing in Nuthall relates to registered property but in the rare situation where your property is not registered it adds to the complexity but is resolvable.
My aunt passed away six months ago and as sole heir and executor I was left the house in Nuthall. The house had a relatively small loan remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to TSB, pay off the mortgage. Is this possible?
If you plan to refinance then TSB will require that you use a conveyancer on the TSB conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your TSB conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the TSB mortgage is registered as a charge at the Land Registry.
My wife and I own a terraced Georgian house in Nuthall. Conveyancing practitioner acted for me and Halifax. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold under the exact same address. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Nuthall and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with the conveyancing practitioner who conducted the conveyancing.
My partner and I may need to sub-let our Nuthall basement flat for a while due to a career opportunity. We instructed a Nuthall conveyancing firm in 2001 but they have since shut and we did not think at the time seek any guidance as to whether the lease prohibits the subletting of the flat. How do we find out?
Your lease governs the relationship between the freeholder and you the leaseholder; specifically, it will set out if subletting is not allowed, or permitted but only subject to certain conditions. The accepted inference is that if the lease contains no expres ban or restriction, subletting is allowed. Most leases in Nuthall do not contain an absolute prevention of subletting – such a provision would adversely affect the market value the flat. Instead, there is usually a basic requirement that the owner notifies the freeholder, possibly supplying a copy of the sublease.
I bought a 1st floor flat in Nuthall, conveyancing formalities finalised in 1996. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Nuthall with over 90 years remaining are worth £206,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease ends on 21st October 2091
With only 66 years remaining on your lease we estimate the premium for your lease extension to be between £12,400 and £14,200 as well as legals.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.