My Solicitor in Bootle has never been on on the Chelsea Building Society Conveyancing Panel. Is it possible for me to use my family solicitor even though they are not on the Chelsea Building Society panel?
The limited options open to you here include:
- Complete the purchase with your existing Bootle lawyers but Chelsea Building Society will need to retain a lawyer on their panel. This will inevitably rack up the total legal charges and cause delays.
- Find a new solicitor to act in the conveyancing, not forgetting to check they are on the Chelsea Building Society panel
I am looking for a leasehold apartment up to £245,000 and found one near me in Bootle I like with open areas and station in the vicinity, however it only has 49 remaining years left on the lease. There is not much else in Bootle suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
I have been pointed in your direction by two or three local property agents in Bootle to choose a solicitor using your seach tool. What’s the financial incentive for Estate Agents to promote your site rather than another?
We don’t give any financial incentive for directing people to this site. We thought it would be too underhand to pay a commission as home movers will think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
As co-executor for the will of my grandmother I am selling a house in Newport but live in Bootle. My solicitor (who is 300 miles from meneeds me to sign a statutory declaration ahead of the transaction finalising. Could you suggest a conveyancing practitioner in Bootle to witness this legal document for me?
strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will do regardless of whether they are located in Bootle
I am on look out for some leasehold conveyancing in Bootle. Before diving in I want to be sure as to the number of years remaining on the lease.
If the lease is registered - and almost all are in Bootle - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I invested in buying a basement flat in Bootle, conveyancing having been completed in 2006. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Bootle with a long lease are worth £186,000. The ground rent is £55 per annum. The lease ends on 21st October 2078
With 53 years remaining on your lease we estimate the price of your lease extension to be between £27,600 and £31,800 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.