How do I check that the solicitor handling my conveyancing in Burton Latimer is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for The Mortgage Works thus paying £192.00 in additional conveyancing bill.
Feel free to make the most of the find a lender approved solicitor tool on this site. Pick the mortgage company and type ‘Burton Latimer’ or your preferred area and you will be presented with numerous solicitors located in Burton Latimer or by proximity to you.
My wife and I own a terraced Victorian house in Burton Latimer. Conveyancing solicitor acted for me and Chelsea Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold under the exact same property. Is it worth asking Chelsea Building Society to clarify?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Burton Latimer and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with your conveyancing solicitor who carried out the work.
How does conveyancing in Burton Latimer differ for new build properties?
Most buyers of new build or newly converted property in Burton Latimer approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is finished. This is because new home sellers in Burton Latimer tend to buy 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 Burton Latimer or who has acted in the same development.
We're new to the buying process - agreed a price, yet the selling agent informed us that the owners will only go ahead if we instruct their recommended solicitors as they need a ‘quick sale’. My instinct tells me that we should use a high street solicitor who is familiar with conveyancing in Burton Latimer
We suspect that the seller is not behind this requirement. If they require ‘a quick sale', taking such a hostile approach to a serious purchaser is not the way to achieve this. Contact the owners directly and make the point that (a)you are serious purchasers (b)you are ready to go, with finances arranged © you do not need to sell (d) you wish to move quickly (e)but you will continue to instruct your own,trusted Burton Latimer conveyancing lawyers - not the ones that will give the estate agent a referral fee or achieve conveyancing figures pre-set by HQ.
Do you have any advice for leasehold conveyancing in Burton Latimer with the aim of speeding up the sale process?
- Much of the frustration in leasehold conveyancing in Burton Latimer can be bypassed where you appoint lawyers as soon as you market your property and request that they start to collate the leasehold documentation needed by the purchasers’ solicitors. In the event that you altered the property did you need the Landlord’s approval? In particular have you laid down wooden flooring? Most leases in Burton Latimer state that internal structural alterations or laying down wooden flooring calls for a licence issued by the Landlord approving such works. Should you fail to have the approvals in place do not contact the landlord without checking with your solicitor first. Many freeholders or managing agents in Burton Latimer levy fees for supplying management packs for a leasehold property. You or your lawyers should find out the fee that they propose to charge. The management information sought on or before finding a buyer, thus reducing delays. The average time it takes to obtain the necessary information is three weeks. It is the most usual cause of delay in leasehold conveyancing in Burton Latimer. Some Burton Latimer leases require Licence to Assign from the landlord. If this applies to your lease, you should notify your estate agents to make sure that the purchasers obtain bank and professional references. The bank reference will need to confirm that the buyers are able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their lawyers.
I am the registered owner of a 2 bed flat in Burton Latimer, conveyancing formalities finalised November 1996. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Burton Latimer with over 90 years remaining are worth £186,000. The ground rent is £55 per annum. The lease comes to an end on 21st October 2077
With only 52 years unexpired we estimate the price of your lease extension to range between £29,500 and £34,000 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.