Can your site be used to recommend a Conveyancing solicitor in Coniston even if I’m not buying or disposing of a house, for instance where I intend to buy a shop in Coniston with a mortgage from Norwich and Peterborough Building Society?
Our comparison service is predominantly there to get a quote from residential conveyancing solicitors in Coniston but we have listed at the end of this page a selection of Coniston commercial conveyancing firms. You will need to make contact with the solicitors directly to check if they can also act for Norwich and Peterborough Building Society
It has been 2 months since my purchase conveyancing in Coniston completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking for a leasehold apartment up to £305k and found one close by in Coniston I like with a park and transport links in the vicinity, the downside is that it only has 52 years unexpired on the lease. There is not much else in Coniston in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you require a mortgage the shortness of the lease may be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
Can you provide any top tips for leasehold conveyancing in Coniston with the aim of expediting the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Coniston can be bypassed where you appoint lawyers as soon as your agents start advertising the property and ask them to collate the leasehold documentation which will be required by the buyers’ solicitors. You may think that you are aware of the number of years remaining on your lease but it would be advisable double-check by asking your solicitors. A purchaser's conveyancer will be unlikely to recommend their client to proceed with the purchase of a leasehold property the lease term is below 75 years. In the circumstances it is important at an early stage that you consider whether the lease requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale. In the event that you altered the property did you need the Landlord’s approval? Have you, for example laid down wooden flooring? Most leases in Coniston state that internal structural changes or addition of wooden flooring necessitate a licence issued by the Landlord consenting to such works. If you fail to have the consents to hand you should not communicate with the landlord without checking with your conveyancer before hand. A minority of Coniston leases require Licence to Assign from the landlord. If this is the case, it would be prudent to place the estate agents on notice 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 actual amount of the service charge so that they can pass this information on to the purchasers or their solicitors. If you hold a share in a the Management Company, you should make sure that you have the original share document. Organising a new share certificate can be a time consuming formality and slows down many a Coniston home move. If a new share is needed, you should approach the company officers or managing agents (if applicable) for this sooner rather than later.
Coniston Conveyancing for Leasehold Flats - Sample of Questions you should consider before buying
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Is there a share of the freehold? You should want to discover as much as you can regarding the company managing the building as they will impact your use and enjoyment of the property. As the owner of a leasehold property you will be at the mercy of the managing agents from a financial perspective and when it comes to daily matters like the upkeep of the communal areas. Don't be shy to ask other tenants what they think of their management. Finally, be sure you discover the dates that the service charges are due to the relevant party and precisely what you get for your money. How many of the leaseholders are in arrears for their maintenance charge payments?
Do I need to have a meeting at the offices of the bank conveyancing panel solicitor to sign the legal charge? If so, I will choose one who does conveyancing in Coniston so that I can attend their offices if required.
As opposed to 12 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Coniston.