The loan agreement from Nationwide for the refinancing of my 2 bedroom apartment is due any day now. Are you able to suggest a cheap conveyancing solicitor in Theale?
You have arrived at the wrong site to search for the cheapest conveyancing solicitors in Theale. We can offer you affordable conveyancing but we do not advertise as being the cheapest. Do not be fooled by companies offering low cost conveyancing in Theale. In your best case scenario, in being led by cheap conveyancing, you will get your money’s worth and at worst it will result in you being stung for extras and still not receive the service required.
My property lawyer in Theale is not listed on the Bank of Ireland Solicitor Panel. Is it possible for me to use my family solicitor notwithstanding that they are not on the Bank of Ireland panel of approved conveyancing solicitors?
Your options are as follows:
- Complete the purchase with your existing Theale solicitors but Bank of Ireland will need to retain a conveyancer on their list of acceptable firms. This will result in additional total legal charges as well as result in delays.
- Choose a new practitioner to act in the conveyancing, remembering to check they are on the Bank of Ireland panel
4 months have elapsed following my purchase conveyancing in Theale completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a leasehold apartment up to £195,000 and identified one close by in Theale I like with amenity areas and station in the vicinity, however it only has 49 years unexpired on the lease. There is not much else in Theale for this price, so just wondered if I would be making a mistake purchasing a short lease?
If you need a mortgage the remaining unexpired lease term may be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
My wife and I purchased a leasehold house in Theale. Conveyancing and National Westminster Bank mortgage organised. I have received a letter from someone saying they have taken over the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1995. The conveyancing solicitor in Theale who acted for me is not around. Any advice?
The first thing you should do is contact the Land Registry to make 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 Theale conveyancing solicitor to do this as you can do this on the Land Registry website for £3. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I own a garden flat in Theale, conveyancing was carried out 4 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Theale with a long lease are worth £180,000. The ground rent is £65 levied per year. The lease runs out on 21st October 2077
You have 58 years unexpired the likely cost is going to range between £22,800 and £26,400 plus legals.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.