We see that you have a post code search directory listing law firms on the Lloyds conveyancing panel. Do firms pay you a commission if I appoint them for our own conveyancing in Shinfield and Arborfield?
We are a listing service only for law firms wishing to communicate if they are on the Lloyds conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Shinfield and Arborfield.
My wife and I have recently appointed a conveyancing solicitor in Shinfield and Arborfield. I I would like to check whether they are accepted on the Coventry Building Society approved list of lawyers. Could you advise?
The first thing to do is e-mail your solicitor and enquire if they are on the lender panel. Otherwise you should get in touch with Coventry Building Society who may be able to confirm.
I'm refinancing my primary house to a buy to let loan with Birmingham Midshires and intend to use the remaining equity towards a second property. The location we are interested in is Shinfield and Arborfield. Will your solicitors be able to act for both sets of mortgage companies and link together the transactions?
Make use of our comparison tool on this site to be sure that the conveyancers are on the relevant lender panels. On the basis that they are your conveyancer will be able to connect the two conveyancing matters but you should have a chat with you lawyer and make apparent your desired outcome and needs.
My father has suggested that I instruct his conveyancers in Shinfield and Arborfield. Should I use them?
Much as we are happy to recommend a Shinfield and Arborfield conveyancing lawyer the best way to choose a conveyancing solicitor is to get recommendations from friends or family who have actually used the solicitor you're contemplating using.
I am tempted by the attractive purchase price for a couple of flats in Shinfield and Arborfield both have in the region of forty five years unexpired on the lease term. Do I need to be concerned?
There is no doubt about it. A leasehold apartment in Shinfield and Arborfield is a wasting asset as a result of the shortening lease. The nearer the lease gets to zero years unexpired, the more it adversely affects the salability of the property. The majority of purchasers and lenders, leases with less than 75 years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Shinfield and Arborfield conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I own a basement flat in Shinfield and Arborfield, conveyancing was carried out in 1997. How much will my lease extension cost? Comparable flats in Shinfield and Arborfield with over 90 years remaining are worth £201,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease terminates on 21st October 2082
With 64 years remaining on your lease we estimate the price of your lease extension to range between £15,200 and £17,600 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. You should 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 clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.