Just been in touch with my conveyancing solicitor in Papworth Everard who conducted the legals 18 months ago requesting a conveyancing costs illustration based on an identical type of house move (a leasehold property and a freehold property) of similar values with a mortgage from The Mortgage Works. I am now being charged twice the amount. Should I hunt for a cheaper online property lawyer?
The estimate fees seem a little high. If you you were to look around you could get the conveyancing a bit cheaper by say a hundred pounds. On the other hand, assuming were content with the legal work the firm provided you couldcome to rue choosing an a cheaper solicitor. If is important to ensure the solicitor can represent The Mortgage Works. You can use our search tool to select a Papworth Everard conveyancing firm on the The Mortgage Works member panel, which can often include conveyancing solicitors in Papworth Everard.
Are the Papworth Everard conveyancing solicitors identified as being on the Santander conveyancing panel, together with their details provided by Santander?
Papworth Everard conveyancing firms themselves provide us confirmation that they are on the Santander conveyancing panel as opposed to being supplied with a list from Santander directly.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Papworth Everard. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Papworth Everard
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
Due to the guidance of my in-laws I had a survey completed on a property in Papworth Everard ahead of retaining solicitors. I have been informed that there is a flying freehold overhang to the property. My surveyor advised that some lenders may refuse to give a mortgage on a flying freehold premises.
It varies from the lender to lender. Santander has different instructions for example to Halifax. If you e-mail us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Papworth Everard. Conveyancing may be slightly more expensive based on your lender's requirements.
I have recently realised that I have 72 years unexpired on my lease in Papworth Everard. I need to get lease extension but my freeholder is can not be found. What are my options?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the Court. You will be obliged to demonstrate that you or your lawyers have done all that could be expected to locate the freeholder. On the whole a specialist may be useful to try and locate and prepare a report which can be accepted by the court as proof that the landlord is indeed missing. It is wise to seek advice from a solicitor in relation to proving the landlord’s disappearance and the vesting order request to the County Court covering Papworth Everard.
I purchased a ground floor flat in Papworth Everard, conveyancing having been completed in 2012. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Papworth Everard with over 90 years remaining are worth £176,000. The ground rent is £50 invoiced annually. The lease ceases on 21st October 2099
With only 80 years unexpired the likely cost is going to span between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.