We note that you have a search directory identifying firms on the Yorkshire BS conveyancing panel. Do companies pay you a commission if I instruct them for our conveyancing in St Agnes?
We are a listing service only for law firms wishing to communicate if they are on the Yorkshire BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in St Agnes.
We're in St Agnes, FTBs buying with a mortgage (lender is Leeds Building Society , and our solicitor is on the Leeds Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Leeds Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
What does a local search tell me concerning the house we're purchasing in St Agnes?
St Agnes conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search company for example Onsearch The local search plays an important part in many a St Agnes conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your new home. The search will provide information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.
My wife and I purchased a 4 bedroom Victorian property in St Agnes. Conveyancing practitioner acted for me and Britannia. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold with the matching property. Is it worth asking Britannia to clarify?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in St Agnes and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with your conveyancing practitioner who conducted the work.
I am attracted to a two flats in St Agnes which have about forty five years unexpired on the lease term. Will this present a problem?
There are plenty of short leases in St Agnes. The lease is a legal document that entitles you to use the property for a period of time. As the lease shortens the saleability of the lease decreases and it becomes more costly to acquire a lease extension. For this reason it is generally wise to increase the term of the lease. It is often difficult to sell a property with a short lease as mortgage companies may be reluctant to lend money on properties of this type. Lease extension can be a difficult process. We recommend you get professional help from a conveyancer and surveyor with experience in this area.
St Agnes Leasehold Conveyancing - A selection of Questions you should ask Prior to buying
Most St Agnes leasehold properties will have a service bill for the upkeep of the block levied by the freeholder. Should you acquire the flat you will have to pay this charge, normally periodically during the year. This may vary from two or three hundred pounds to thousands of pounds for large purpose-built blocks. There will also be a ground rent for you to pay annual, normally this is not a significant figure, say approximately £25-£75 but you need to enquire it because occasionally it can be prohibitively expensive. Best to be warned whether window replacement or some other major work is due shortly that will be shared amongst the leasehold owners and could well materially impact the level of the service costs or require a specific invoice.