My previous solicitor has quoted £1150 for leasehold conveyancing in Staindrop. I am hoping to sell a Edwardian house for £125,000. Is this overpriced? Is it in excess of the average fee for conveyancing in Staindrop?
The charges are a bit high. If you shop around you might shave off some of the cost by say a hundred pounds. That being said, you couldcome to regret choosing an a cheaper solicitor. Don't forget to enquire that the conveyancer can also act for your lender. You can use our search tool to select a Staindrop conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Staindrop.
My wife and I intend to remortgage our penthouse in Staindrop with Co-operative. We have a son 19 who lives with us. Our solicitor requested us to identify any adults other than ourselves who reside at the property. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the flat is forfeited by the lender. I have a couple of questions (1) Is this document specific to the Co-operative conveyancing panel as he never had to sign this form when we bought 4 years ago (2) Does our son by signing this giving up his rights to inherit the property?
First, rest assured that your Co-operative conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Co-operative. This is solely used to protect Co-operative if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Co-operative had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
The deeds to my home are lost. The conveyancers who conducted the conveyancing in Staindrop 10 years ago no longer exist. What are my next steps?
As long as you have a registered title the details of your proprietorship will be evidenced by HMLR with a Title Number. It is possible to perform a search at the Land Registry, find your house and obtain up to date copies of the property title for a small fee. Where the property is Leasehold then the Land Registry will in most cases retain a certified duplicate of the Registered Lease and again, a copy can be retrieved for £20 inclusive of VAT.
I decided to have a survey completed on a property in Staindrop before appointing solicitors. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some mortgage companies tend refuse to give a loan on this type of home.
It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Staindrop. Conveyancing will be smoother if you use a solicitor in Staindrop especially if they regularly deal with such properties in Staindrop.
Back In 2007, I bought a leasehold house in Staindrop. Conveyancing and Yorkshire Building Society mortgage are in place. I have received a letter from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1997. The conveyancing solicitor in Staindrop who previously acted has long since retired. Do I pay?
First make enquiries of the Land Registry to be sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. You do not need to incur the fees of a Staindrop conveyancing solicitor to do this as you can do this on the Land Registry website for a few pound. You should note that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I purchased a split level flat in Staindrop, conveyancing formalities finalised December 1998. How much will my lease extension cost? Corresponding properties in Staindrop with an extended lease are worth £171,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease ceases on 21st October 2099
With only 79 years unexpired we estimate the premium for your lease extension to span between £8,600 and £9,800 plus legals.
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 without more detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.