I have just been advised by my financial adviser that my Yatton property lawyer is not on the lender Conveyancing panel. What can I do to be certain that this is indeed the case?
The first thing you need to do is to call your Yatton conveyancer. It is reasonable to expect your lawyer to inform you what has happened. If they are not on the panel they may be able to suggest a Yatton conveyancing firm that is on the approved list of lawyers for your lender.
Would the conveyancing practitioners listed on your site carry out right to buy conveyancing in Yatton?
We have identified a number of conveyancing practitioners carrying out right to buy conveyancing You should e-mail us in order to get a costs calculation.
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a simple, chain free conveyancing. Yatton is the location of the property. Is there any advice you can give?
Flying freeholds in Yatton are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Yatton you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Yatton may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
My brother has encouraged me to instruct his lawyers for conveyancing in Yatton. Do I follow his guidance?
No doubt the best way to choose a conveyancing practitioner is to have recommendations from friends or relatives who have actually experience in using the firm you're are thinking of instructing.
Back In 2003, I bought a leasehold flat in Yatton. Conveyancing and Leeds Building Society mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1996. The conveyancing practitioner in Yatton who acted for me is not around. Do I pay?
The first thing you should do is make enquiries of the Land Registry to be sure that the individual purporting to own the freehold is in fact the new freeholder. You do not need to instruct a Yatton conveyancing lawyer to do this as it can be done on-line for a few pound. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I inherited a ground floor flat in Yatton, conveyancing formalities finalised June 1995. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Yatton with a long lease are worth £190,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease ends on 21st October 2087
With just 62 years unexpired we estimate the premium for your lease extension to span between £17,100 and £19,800 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 advice on a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.