Are you able to recommend a Nationwide Building Society approved Hamworthy conveyancing lawyer finish our home move within under 3 weeks? Am I best advised to go for a high street Hamworthy firm or an internet comparison site?
We can recommend some very good Hamworthy conveyancing firms. You can also walk up the main road in Hamworthy. Visit some well established law practices and ask to speak with a conveyancing solicitor for a costs illustration. Mention your time frames together with your reasons and ask for a commitment on your deadline. Select the lawyer that genuine.
Is there a reason why leasehold purchase conveyancing in Hamworthy costs more?
The conveyancing fees on a leasehold premises in Hamworthy is frequently more expensive than on a freehold property. This is due to the supplemental work required in corresponding with the landlord and managing agents to obtain evidence about whether the rent and maintenance fee have been cleared and whether there are any large sums expected to be spent in the near future on repairs or maintenance of the building.
I am about to put a bid on a leasehold property in Hamworthy. The selling agents assure me that it is the norm for flats in Hamworthy to have less than 75 years unexpired on the lease. I am obtaining a loan with Accord Mortgages. Is this going to be acceptable if the lease has Seventy One years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 19/1/2025 the requirements read as follows :
Due to the guidance of my in-laws I had a survey completed on a house in Hamworthy ahead of instructing conveyancers. I have been advised that there is a flying freehold element to the property. The surveyor advised that some lenders tend refuse to issue a mortgage on such a premises.
It varies from the lender to lender. Santander has different instructions for example to Halifax. Should you wish to call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Hamworthy. Conveyancing will be smoother if you use a solicitor in Hamworthy especially if they are familiar with such properties in Hamworthy.
I would like to let out my leasehold apartment in Hamworthy. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for their consent?
Even though your previous Hamworthy conveyancing lawyer is no longer available you can review your lease to see if you are permitted to let out the premises. The accepted inference is that if the lease is non-specific, subletting is allowed. There may be a precondition that you need to obtain permission from your landlord or some other party prior to subletting. The net result is that you cannot sublet in the absence of first obtaining consent. The consent must not not be unreasonably turned down. If your lease does not allow you to sublet you should ask your landlord for their consent.
I bought a leasehold flat in Hamworthy, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Hamworthy with an extended lease are worth £197,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease ceases on 21st October 2080
With just 55 years remaining on your lease the likely cost is going to be between £31,400 and £36,200 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do 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 clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.