I am in the throes of porting my current homeowner home loan to a Buy to Let Coventry Building Society mortgage. The bank has said that I need a solicitor as part of the process. I had a chat the same Tickhill conveyancing practitioner who who conducted the conveyancing when I initially purchased the house. The fee calculation they've given of £500 is an eye-watering amount to do this as I am not require purchase conveyancing - it’s simply a bog-standard refinance.
The quote is slightly on the high side. If you shop around you may be able to get the conveyancing a bit cheaper by perhaps £100 plus VAT. On the other hand, if you were content with the assistance the firm offered you couldlive to regret opting for an a cheaper solicitor. Remember to enquire that the conveyancer can represent Coventry Building Society. Do utilise our search tool to locate a Tickhill conveyancing firm on the Coventry Building Society member panel, which can often include conveyancing solicitors in Tickhill.
I got the keys to my flat on 5 August and my personal details is yet to be registered. Any reason for this? My conveyancing solicitor in Tickhill advises it will be formalised in a couple of weeks. Are titles in Tickhill uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in Tickhill registration formalities. Rather than based on location, timeframes can vary according to who lodges the application, whether it is in order and if the Land registry communicate with any 3rd persons or bodies. Currently approximately 80% of such applications are fully addressed within two weeks but some can be subject to extensive hold-ups. Historically registration takes place once the buyer has moved in to the property therefore registration formalities is not usually top priority but if there is a degree of urgency associated with the registration then you or your lawyers could communicate with the Registry to express the reasoning for the application to be prioritised.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Tickhill. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Tickhill
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
Last August I purchased a leasehold property in Tickhill. Do I have any liability for service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I purchased a basement flat in Tickhill, conveyancing having been completed 5 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Tickhill with an extended lease are worth £227,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease comes to an end on 21st October 2097
With only 72 years unexpired we estimate the premium for your lease extension to be between £9,500 and £11,000 as well as professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.
Am in the process of buying my first house in Tickhill. Conveyancing lawyer has been selected. The mortgage adviser advised that a survey is not appropriate as the house is only fifteen years old.
The bare minimum you need a Home Buyer's Report. As the premises is over 10 years old the property will not come with a warranty, so you would be well advised not to take a risk. For a property that age with no signs of defects a Home Buyer's report may be enough. The report should highlight any apparent issues and suggest further investigation if appropriate. If there are any signs of material issues seek a comprehensive structural survey.