I have just been advised by my mortgage broker that my Leagrave and Chalton the law firm I have appointed is not on the bank Solicitor panel. How can I be certain if this is indeed the case?
Your first step should be to call your Leagrave and Chalton conveyancer. You lawyer should notify you of the situation. Where they are not on the panel they may be able to suggest a Leagrave and Chalton conveyancing practice that is on the conveyancing panel for your lender.
My partner and I are selling our property in Leagrave and Chalton and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. Any local conveyancer would know this is not the case. It does beg the question why the purchasers used a factory type conveyancing practice as opposed to a conveyancing solicitor in Leagrave and Chalton. We have lived in Leagrave and Chalton for many years we know of no issue. Should we contact our local Authority to get clarification that there is no issue.
It sounds as though you may have a conveyancing firm already. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
How does conveyancing in Leagrave and Chalton differ for new build properties?
Most buyers of new build premises in Leagrave and Chalton come to us having been asked by the developer to exchange contracts and commit to the purchase even before the house is ready to move into. This is because new home sellers in Leagrave and Chalton typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Leagrave and Chalton or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a house in Leagrave and Chalton ahead of instructing lawyers. I have been informed that there is a flying freehold element to the property. Our surveyor advised that some mortgage companies tend not give a loan on this type of premises.
It varies from the lender to lender. Santander has different requirements for example to 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 Leagrave and Chalton. Conveyancing will be smoother if you use a solicitor in Leagrave and Chalton especially if they are accustomed to such properties in Leagrave and Chalton.
There are only 62 years unexpired on my flat in Leagrave and Chalton. I now wish to extend my lease but my landlord is absent. What are my options?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. However, you will be required to demonstrate that you or your lawyers have made all reasonable attempts to find the freeholder. On the whole an enquiry agent may be helpful to try and locate and to produce a report to be accepted by the court as proof that the freeholder can not be located. It is advisable to get professional help from a conveyancer both on devolving into the landlord’s disappearance and the vesting order request to the County Court overseeing Leagrave and Chalton.
I own a garden flat in Leagrave and Chalton, conveyancing having been completed in 2009. Can you please calculate a probable premium for a statutory lease extension? Similar flats in Leagrave and Chalton with a long lease are worth £176,000. The average or mid-range amount of ground rent is £50 yearly. The lease comes to an end on 21st October 2074
With just 50 years left to run the likely cost is going to span 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 are not able to provide a more accurate figure in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.