At long last a loan agreement from NatWest for the remortgage of my 4 room garden flat is due by the end of next week. Are you able to suggest a cheap conveyancing law firm in Pyle?
This site is not designed to aid those in their quest for the cheapest conveyancing in Pyle. We can offer you excellent value conveyancing but our intention is not to work with the cheapest lawyers. Avoid the trap of appointing companies teasing you with £100 conveyancing in Pyle. At best, in choosing a lawyer for low cost conveyancing, you will get your money’s worth and at worst it will result in you being stung for additional fees and still not end up with the service required.
I have given 8 weeks notice to my current landlord and have to be out of my let out flat in Pyle by the end of next month. Conveyancing on my purchase has just started. How realistic is it to complete in a couple of weeks as I wish to avoid having to move into short term accommodation?
It is unwise to serve notice on a rental unless exchange of contracts has taken place. If you have not already done so, update to your conveyancer and request that they cajole the sellers lawyers, try to an agreed time frame that all parties will look towards
I decided to have a survey completed on a house in Pyle in advance of retaining lawyers. I have been informed that there is a flying freehold element to the property. My surveyor advised that some lenders may not issue a mortgage on a flying freehold house.
It varies from the lender to lender. Santander has different requirements for example to Nationwide. Should you wish to call us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Pyle. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Pyle to see if the conveyancing will be more expensive.
I am employed by a long established estate agency in Pyle where we have witnessed a number of flat sales derailed as a result of leases having less than 80 years remaining. I have received inconsistent advice from local Pyle conveyancing solicitors. Can you clarify whether the vendor of a flat can commence the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I bought a basement flat in Pyle, conveyancing having been completed 7 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Pyle with an extended lease are worth £195,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease ends on 21st October 2083
With only 62 years left to run the likely cost is going to be between £17,100 and £19,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is 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 the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.
I was advised by my mortgage company that their approved solicitors work on no sale no fee basis for conveyancing in Pyle. Our purchase fell through nevertheless the solicitors want search fees! They are stating that the fees are nothing to do with their fees!
Pyle conveyancing search charges are disbursements not solicitors costs as these are paid to independent parties.