I decided to have a survey completed on a house in Thame before instructing solicitors. I have been advised that there is a flying freehold element to the property. My surveyor has said that some mortgage companies will refuse to give a mortgage on such a property.
It varies from the lender to lender. HSBC has different instructions from Nationwide. If you call us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Thame. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Thame to see if the conveyancing costs will increase in light of this.
What makes your site different to alternative online quote calculators for conveyancing in Thame?
At this site secure a conveyancing costs illustration from a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Thame. Unlike many estate agents and many comparison sites we do not have referral deals with solicitors. Some agents and online brokers 'recommend' the firm paying the most kickback, rather than the best value conveyancing in Thame
Am I better off to go with a Thame conveyancing lawyer based in the vicinity that I am hoping to buy? An old friend can carry out the conveyancing however they are based 300kilometers drive away.
The benefit of a local Thame conveyancing firm is that you can visit the firm to execute documents, present your ID and apply pressure on them where appropriate. Having local Thame know how is a benefit. However it's more important to get someone that will do a good and efficient job. If you know people who instructed your friend and they were content that must outweigh using an unfamiliar Thame conveyancing solicitor just because they are Thame based.
I am looking at a two flats in Thame which have about 50 years left on the leases. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Thame. The lease is a right to use the property for a prescribed time frame. As a lease shortens the marketability of the lease reduces and it becomes more expensive to extend the lease. For this reason it is advisable to increase the term of the lease. It is often difficult to sell a property with a short lease because mortgage lenders may be reluctant to lend money on such properties. Lease enfranchisement can be a difficult process. We advise that you get professional assistance from a solicitor and surveyor with experience in this arena.
I bought a leasehold flat in Thame, conveyancing having been completed in 2001. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Thame with over 90 years remaining are worth £197,000. The ground rent is £55 yearly. The lease runs out on 21st October 2075
With just 55 years remaining on your lease we estimate the price of your lease extension to span between £31,400 and £36,200 plus costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more detailed investigations. You should not use the figures 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 placing reliance on this information before seeking the advice of a professional.
What tools are available to search for a Thame conveyancing solicitor on the mortgage company conveyancing panel? I have a car and am prepared to travel up to 20miles to meet the solicitor.
Feel free to make use of the find a conveyancing panel tool on this website. Please choose the lender and your location, in this case Thame and you will see a number of lawyer located nearest Thame. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the bank solicitor panel.